Thursday, December 12, 2019

RBI selected Daffodil Software Pvt Ltd for developing mobile app for visually impaired

The Reserve Bank of India (RBI) selected Daffodil Software Pvt Ltd to develop a mobile phone-based application for visually impaired people to identify currency notes. It informed the Bombay...

Asian Development Bank will provide USD 200 million loans to Maharashtra for rural road...

The Asian Development Bank (ADB) has approved USD 200 million (about Rs 1,400 crore) loan to upgrade about 2,100 kilometers of rural roads to all-weather standards in Maharashtra’s 34...

SBI became first Indian bank to have office in Australia’s Victoria

The State Bank of India opened its Melbourne office and becoming the first Indian bank to have a branch in the Australian state of Victoria. The Melbourne office will...

CVC constituted Advisory Board for Banking Frauds (ABBF)

The Central Vigilance Commission (CVC) has constituted the Advisory Board for Banking Frauds (ABBF). The ABBF has been formed in consultation with the RBI and is constituted to examine...

Canara Bank launched India’s first OTP facility for ATM cash withdrawals above Rs.10,000

Canara Bank, one of the largest public sector banks in India has launched India’s first one-time password (OTP) facility for ATM withdrawals over Rs.10,000 in a day. This extra...

RBI launched new complaints portal for filing online complaints against banks, NBFCs

The Reserve Bank of India Governor Shaktikanta Das has launched a Complaint Management System (CMS) for lodging complaints against banks and NBFCs (Non-Banking Financial Companies) on its website. The...

Jana Small Finance Bank become a scheduled Bank

RBI gave the Bengaluru-headquartered Jana Small Finance Bank Ltd, the status of a scheduled bank. The Jana Bank was established in 2009 as a financial services company and opened its banking operations in 2018. It presently...

Three Member Panel constituted for DHFL

The Reserve Bank of India (RBI) has constituted a three-member panel to advise the Administrator of Dewan Housing Finance Corporation Limited, DHFL. RBI has set up the 3-member panel...

RBI granted 12 years to LIC for reducing stake in IDBI Bank

Life Insurance Corporation(LIC), the largest insurance company in India, got 12 years from RBI for cut down stake in IDBI Bank.LIC is the lender’s major shareholder, and it has...

IPPB launched AePS services

Union Minister for Communications, Electronics & Information Technology and Law & Justice Shri Ravi Shankar Prasad announced that India Post Payments Bank (IPPB) has launched Aadhaar Enabled Payment System...

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