Airtel Payments Bank has partnered with IndusInd Bank to offer fixed deposit (FD) facilities to its customers. A customer can open FD of Rs 500 up to Rs 190,000 on the Airtel Thanks app.

The Union Cabinet has approved financial support of Rs 820 crore for India Post Payments Bank, a source said on Wednesday

Airtel Payments Bank on Tuesday announced its partnership with IndusInd Bank to offer fixed deposits for its customers. The payments bank’s customers can open FDs starting from ₹500 up to ₹1.9 lakh in a few minutes through a digital process on the Airtel Thanks mobile application

The correct answer is Suryoday Small Finance Bank

For the collection of taxes, Dhanlaxmi Bank has signed a memorandum of understanding with the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC).

Small Industries Development Bank of India (SIDBI), the leading financial institution for the MSME sector, has entered into an MoU with West Bengal Small Industries Development Corporation Limited (WBSIDCL) to develop the ecosystem for micro and small enterprises in the state, a spokesman said on Saturday.

For the collection of taxes, Dhanlaxmi Bank has signed a memorandum of understanding with the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC)

India Post Payments Bank on Thursday launched Fincluvation, a platform to promote innovative solutions in collaboration with fintech startups to accelerate financial inclusion among the underserved and unserved population

Mumbai (Maharashtra) [India], April 22 (ANI): The Reserve Bank of India (RBI) on Friday said it has launched the 98th round of the quarterly industrial outlook survey of the country’s manufacturing sector for the reference period April-June 2022

The correct answer is 7 percent. Investment bank UBS on 22 April 2022 lowered India’s GDP growth forecast by 70 basis points to 7% for the current financial year from 7.7% earlier. It expects India’s gross domestic product growth to settle at a rate of 6% per annum beyond fiscal 2023

India Post Payments Bank launches ‘Fincluvation’

Poverty in India is 12.3 percentage points lower in 2019 as compared to 2011. The poverty headcount rate has declined from 22.5 percent in 2011 to 10.2 percent in 2019.

The country’s largest private sector lender by asset size, which is set to merge its parent company HDFC Ltd with itself, also informed that the board has approved to re-appoint Renu Karnad as a non-executive director on the board of the bank for a period of five years with effect from September 3, 2022.

Union Bank of India has launched its super-app named UnionNXT and digital transformation project SAMBHAV, with an investment outlay of around Rs 1,000 crore for the current financial year 2022-23 (FY23). The public sector lender expects recovery from the spending in two years and aims to have 50 percent of business originating on the digital platform by 2025.

The Reserve Bank of India today released the guidelines on the “Establishment of Digital Banking Units (DBUs)”.

Union Bank launches super-app UnionNXT and digital project SMBHAV. Union Bank of India has launched its super-app named UnionNXT and digital transformation project SMBHAV, with an investment outlay of around Rs 1,000 crore for the current financial year 2022-23 (FY23).

Shocks emanating from the war in Ukraine and the sanctions on Russia are disrupting the supply of commodities, increasing financial stress, and dampening global growth, according to the World Bank’s East Asia and Pacific Economic Update: Braving the Storms.

The Union Bank of India (UBI) has launched its super-app named UnionNXT on April 06, 2022. A banking super-app combines a number of services, such as payments, online shopping, bill payments, recharges, investment, loans, and fund transfer, on a single platform.

SBI tie-up with BSF to offer curated benefits through CAPSP Scheme. The State Bank of India (SBI) has tied up a Memorandum of Understanding (MoU) with the Border Security Force (BSF).

Union Bank of India on Wednesday said it will sell its 8 percent stake in India SME Asset Reconstruction Company.

Mortgage lender HDFC Limited and its banking arm, HDFC Bank have announced a merger, making it the biggest merger in Indian corporate history. The market cap of the merged entity will be approx Rs 14 lakh crore (twice the size of ICICI Bank), making it India’s second-biggest entity in terms of market capitalization, after Reliance Industries Ltd (Rs 18.01 lakh crore). Post-merger, HDFC Bank will be 100 percent owned by public shareholders.

HDFC Bank Limited has been adjudged Best Performing Bank in Self Help Group (SHG) Linkage by Deendayal Antyodaya Yojana – National Rural Livelihood Mission (DAY-NRLM). Ministry of Rural Development, Government of India at the event organized at the Vigyan Bhavan, New Delhi.

Citigroup has announced that Axis Bank will be acquiring Citibank’s India consumer business for an amount of USD 1.6 billion (Rs 12,325 crores) in an all-cash deal.

SEBI Chairperson Madhabi Puri Buch launched the ‘Manthan’, six-week-long ideation, in association with various institutions including BSE, NSE, NSDL, CDSL, KFintech, CAMS, LinkInTime, and MCX.
It will facilitate the creation of a set of ideas and innovative solutions related to the securities market in India.

Indian private sector lender Axis Bank has acquired the Indian consumer banking businesses of US bank Citigroup.
The sale includes businesses of credit cards, retail banking, wealth management, and consumer loans for Rs 12,325 crore, as part of plans to exit its retail operations in 13 markets. The sale excludes Citi’s institutional client businesses in India.