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Showing posts with label rbi. Show all posts
Showing posts with label rbi. Show all posts

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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