- Indusind Bank has become the 1st bank to go live as a "Financial Information Provider" under the new "Account Aggregator Framework" of Reserve Bank of India.
Benefits:
- viewing statements of their accounts
- track deposits
- plan investments (such as shows, mutual funds, insurance, EPF, PPF)
- avail credit cards
- The GST revenue collected in October 2020 is rs.1,05,155 cr.
- "ICICI Bank Mine" - India's 1st banking programme for the millennial customers.
- "Employee Assistance Program" -
- by Bank of Baroda (BOB)
- to help its employees to deal with their personal problems and professional issues through psychological counselling
- (imp.) Whatsapp has partnered with 5 Indian banks to process its payment services. These SBI, HDFC Bank, ICICI Bank, Axis Bank, Jio Payments Bank.
- HDFC Bank announced the launch of "Smart Hub Merchant Solutions 3.0".
- (initiative) India Post Payments Bank (IPPB) has successfully launched the initiative of "Doorstep Services for Submission of Digital Life Certificate through Postman".
- Equitas Small FinanceBank (ESFB) announced launched Eva's Savings for women offering 7% interest.
- The merger of HDFC ERGO Health Insurance which was earlier known as Apollo MunichHealth Insurance, with HDFC ERGO General Insurance, has been completed with approval from IRDAI.
- LIC of India has launched "ANANDA (Atmanirbhar Agents New business Digital Applications)" a digital app for agents for onboarding to get a life insurance policy.
- RBI has banned Manta Urban Cooperative Bank in Jalna district of Maharashtra for six months for money and loan transcations.
- India Post Payments Bank (IPPB) tied up with PNB Metlife India Insurance to extend Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY).
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