News Related To Bank November 2020

• 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: 

1. viewing statements of their accounts        
2. track deposits
3. plan investments (such as shows, mutual funds, insurance, EPF, PPF)
4. 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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List of Partnerships, Agreements, Loans, MoUs of November 2020

Topic	Source	Purpose/Amount
Partnership	TransUnion CIBIL and Ministry of Statistics & Programme Implementation (MOSPI)	to launch MSME Credit Health Index
Partnership	Paytm and Credit Card Card company SBI Card	to launch Paytm SBI card co-branded credit cards
Partnership	NSDC and American Indian Foundation, Sell technologies and University of Mumbai	- launched "Project Future Ready" - to impact career skills to 1 lakh students
Partnership	Tata Consultancy Services and Centre of Digital Enterprise (CODE) at University of Auckland Business School	to develop a world 1st APAC Digital Sustainability Index
Partnership	Card Network American Express (Amex) and Mobiwik	issued its 1st prepaid payment card "Mobikwik Blue Card" with flexible credit limit
MoU (imp.)	Government of Bangladesh, Beximco Pharmaceutical Ltd. and Serum Institute of India (SII)	for priority delivery of 3 crore COVID-19 vaccine doses
MoU	Government of Himachal Pradesh and ADB	- to improve the infrastructure in Mandi district of state - estimated cost of construction is re. 15 crore out of which rs 19 cr. is being paid by ADB and rest by government of Himachal Pradesh
MoU	India and Finland	for developing cooperation between two countries in the field of environmental protection and biodiversity conservation
MoU	Union Cabinet and BRICS	on cooperation in the field of physical cultural sports
MoU	United Nations World Food Programme (WFP) and Rajasthan Government	for proposed participation to achieve food and nutritional security goals
Agreement	Department of Investment and Public Asset management (DIPAM) with World Bank	to provide advisory services to DIPAM for asset monetization
Agreement	Government of India and West Bengal	- $120million - to improve and modernize the transport sector of state of Meghalaya
Loan	Government of India, National Capital Region Transport Corporation Ltd. and NDB	- $ 500million - for "Delhi-Ghaziabad-Meerut Regional rapid Transit System Project"
Loan (imp.)		- $ 132.8 million - to improve power distribution network in Meghalaya
Loan		- $ 50million - to improve operational efficient and resource planning and management in West Bengal

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