April Flashcards
RBI delayed deadline for banks to use lockable cassettes in their ATMs that can be swap during cash replenishment by______
Till March 31st , 2023.
RBI received representation from various banks in Indians Bank association (IBA) noting difficulty in achieving the deadline.
Central Bank of India partner with whom to implement digital KYC video for its network across India?
Partner with ID.
The aim of the partnership is to bring seamless on boarding and provide efficient digital facilities to the customers across India.
RBI has turned how many years in April 1, 2022?
87 years.
RBI act 1934 (2nd of 1934 ) establish legal framework for banks operation begin on first April 1935 .
Central office of RBI was initially established in Kolkata but was permanently move to Mumbai 1937.
RBI reduce the Ways and Means Advances (WMA) for states and union territories to how much?
Now 47,010 crore from 51,560 crore.
Citing an improvement in economics scenario.
WMA are short term loans provided by RBI
to the government
to help it deal with any discrepancies between receipts and payments.
Best performing Bank in SHG linkage by Deen Dayal antyodaya Yojana- National rural livelihood mission (DAY-NRLM).
HDFC
( the only private bank to be honoured with this award )
Ministry of rural development , GOI at the event organised
@ vigyan bhavan , New Delhi .
Central armed Police salary package (CAPSP) scheme
SBI signed MoU with border security force ( BSF)
Provide solution for financial security to BSF personnel through the scheme
it will offer a bouquet of benefits to the serving security forces retired personnel as well as family planning pensioners.
HDFC limited amalgamation
- HDFC Investments Ltd. + HDFC Holdings ltd +
HDFC LIMITED = HDFC Bank.
*After scheme takes effect,
public shareholders would control 100 % of HDFC Bank while
existing HDFC limited shareholders will own 41%.
Union Bank of India
Launched super app named UnionNXT
And digital transformation project SAMBHAV with
investment outlay of around 1,000 crore.
The public sector lender expects recovery from the spending in 2 years and
aims to have 50% of business originating on the digital platform by 2025.
Positive pay system (PPS)
By Punjab National Bank
Being compulsory since March
for cheque payment 10 lakh or above.
Indus merchant solutions app
By IndusInd Bank
got the digital CX awards 2022 for
” Outstanding Digital CX-SME payments”.
- Aligns with Bank’s ethos ~ ‘customer centricity’.
Awards organised by Digital Banker(financial news provider)
“Kotak FYN “ portal
By Kotak Mahindra Bank limited.
a new enterprise platform designs specifically for business banking and corporate clients of the bank.
Customer of bank can utilise the portal to conduct all trade and service transactions.
Bank of Maharashtra selling it entire
4% ownership
in India SME Asset Reconstruction company (ISARC) for almost ______crore?
4 crores.
PNB foundation day
128th foundation day on April 12, 2022.
MD and CEO Atul Kumar Goyal
launched a cardless cash withdrawal service and virtual debit card for its customers of bank .
Also launched various services on its mobile app name “ PNB 1 “ for safe banking transactions.
HQ - Newdelhi, India.
Founded in 1984, May.
