Sunday, 7 January 2024

BANKING & FINANCE ( JULY - DECEMBER ) 2023 WITH PDF

JULY - 

RBI Has Recently Canceled The License Of Mahalakshmi Cooperative Bank. 

* HDFC Bank And Housing Development Finance Corporation Become Merge.

Bank Of Baroda Has Introduced MAHILA SAMMAN SAVING CERTIFICATES Schemes.

Jammu and Kashmir Rural Livelihood Mission Has Won Skoch Award In Gold Category.

Jammu And Kashmir Bank Has Won The Best Performance  In CASA At The ICC Emerging Asia Banking Conclave Award 2023.

Reserve Bank Of India (RBI) And Central Bank Of UAE Have Signed Two MoU To Established Framework To Promote Local Currencies in Cross Border Transaction.

ONGC Became India's First PSU To Get Certified Anti Bribery Management System.

Bajaj Allianz Insurance Company Has Won The Insurer Innovation Award 2023.

 SIMPLIFY Has Launched World's First Generative AI Tool For Insurance.

BANKING APPOINTED - 

* Kameshwar Rao Kodavanti Has Been Appointed As The Chief Financial Officer Of SBI.

* Debadatta Chand Has Been Appointed As The Managing Director And CEO Of Bank Of Baroda.

* Krishna Mishra Has Been Appointed As The New CEO Of Financial Planning Standard Boards (FPSB).

Abhijit Chakroborthy Has Been Appointed As The MD & CEO Of SBI Card.

SEBI Executive Director Pramod Rao Has Been Appointed As THE Member Of Board Of IFSCA.

Rajya Kumar Sinha Has Been Appointed As The MD & CEO oF SBI Capital Markets.

AUGUST - 

RBI Governor Shaktikanta Das Announced Repo Rate Remains Same In Bimonthly Monetary Policy. (6.50) 

Airtel Payment Bank Has Launched Eco-friendly Green Debit Card For First Time In India. 

 State Bank Of India Is Set To Set Up 300 New Branches Across India.

Reserve Bank Of India (RBI) Has Launched UDGAM - Portal For Searching Unclaimed Deposits (Web Version Portal).

Canara Bank Has Been Inducted JEEVAN DHARA Scheme For Pensioner's.

Axis Bank Has partner with RBI Innovation Hub To Launch Kishan Credit Card.

Government Of India Will Launch MERA BILL MERA ADHIKAR Invoice Incentive Scheme (Which Offers Cash Prize From RS. 10000 to 1cr) From September 1st In All UT's  And States. ( UNDER GST) 

Canara Bank Became The First To Launch UPI Interoperable Digital Rupee Mobile Application. 

Jio Financial Service Introduce The Insurance.


APPOINTMENTS - 

Amit Jhingran Has Been Appointed AS The New MD & CEO OF SBI Insurance Company.

PR Seshadri Has Been Appointed As The New MD AND CEO OF South Indian Bank.

Kamlesh Varshney And Amarjeet Singh Have Been Appointed As The Whole Time Members Of SEBI.

SEPTEMBER - 

UPI Transactions Crossed 10 Billions ( 10.58 Billions)  In August 2023 ( Record Breaking Numbers). 

India Collected 1.59 Lakh Crores GST in August Month 2023.

Paytm Has Unveiled A sound Box Device Which Accept Card Payment For merchant.

State Bank Of India Has Implemented UPI Interoperability In Digital Rupee Called Central Bank Digital Currency (CNDC).

Phone Pe Has Launched Share. market App For buying And Selling Stocks.

Punjab National Bank Has Launched GST SOHAY APP To Enable MSMEs Access Instant Loans Using GST Invoices. 

 State Bank Of India (SBI) Launched Nation First Transit Card, Which Applicable For Metro, UPI Payment Etc.

Hitachi Has Launched India's First UPI ATM In Collaboration With The NPCT. 

 HSBC Bank India Has Launched ONDC A one Stop Solution Of Shopping.

Binomo Trading Company Has Won Two Prestigious At The World Business Outlook Awards 2023.

REC Limited And Punjab National Bank ( PNB) Signed MoU To Co-Finance Infrastructure Project Debts Amounting To Rs, 55000 Crores In Next three Years. 


RBI Governor Shaktikanta Das Has Ranked A+ As Top Central Banker In The Global Finance Central Banker to Report Card 2023.


APPOINTMENTS - 

Dipak Gupta Has Been Appointed As The Interim MD Of Kotak Mahindra Bank.

Mahavir Lunawat Has Been Appointed As The Chairman Of Association Of The Investment Bankers Of India (IBI).

Sandeep Bakshi Has Been Appointed As MD & CEO Of ICICI Bank. 

 MasterCard India Has Appointed Rajnish Kumar As Its Chairman.

Sashidhar Jagadishan Has Been Reaapointed As The MD and CEO Of HDFC Bank For 3 Years.

 Central Government Reappoint M Rajeshwar Rao As Deputy Governor Of For One Year.

Sanjeev Mantri Has Been Appointed As The New MD And CEO of ICICI Lombard.

OCTOBER - 

India Government Collected 1.62 Lakh Crores GST In 2023 September. ( Maharashtra Topped With 25,137 Crores) 

RBI Governor Shaktikanta Das Announced Repo Rate Remains Same 6.5%.

Registrar of Cooperative States/UTs And Agriculture And Rural Development Banks (ARDBs)  Will Now Given Funds By Canter For Computerisation (under Ministry Of Cooperation) 

CCI Approved The Merging Of IDFC Limited With IDFC First Bank.

Indian Navy And State Bank Of India Jointly Launched A Unique E-Cash Card NAV e-Cash Card.

) The National Investment And Infrastructure Fund (NIIF) And The Japan Bank For International Cooperation (JBIC) Jointly Launched The India Japan Fund (IJF) Worth Of 600 Million.

 ICICI Bank Has Launched Finance To Get View Consolidate Saving And CURRENT Account In One Place.

 Institute Of Charted Accountant In India Has Won UN Award.

Kerala Gramin Bank Has Won Four Assocham Award.

Sberbank Has Recently Registered With Indian Market Regulator With SEBI As a Foreign Portfolio Investor (PFI).

RBL Account Initiated GO SAVING ACCOUNT.


APPOINTMENTS - 

Ramaswamy Narayan Has Been Appointed As The Chairman And Managing Director Of General Insurance Corporation Of India (GIC).

Anirban Mukherjee Has Been Appointed As The Global Chief Executive Officer Of PayU.

Navneet Munot Has Been Appointed As The New Chairman Of The Association Of Mutual Funds In India.

Shiv Bajrang Singh Has Been Appointed As The New Executive Director Of Indian Bank.

Ashok Bewani Has Been Appointed As The CEO of Kotak Bank.

NOVEMBER - 

India Government Has Collected 1.72 Lakh Crores GST In October. 2023.

Indian Transferred $ 206.14 Billion UPI Transaction In October 2023.

Indian Retail Inflation Dropped To 4.87% From 5.02 In October 2023.

India's Coal Important Rises 4.0% in September (20.61 Million Tones Imported).

India's Overall Exports In October 2023 Is Estimated As USD 62.26 Billion (increases 9.43% ) 

State Bank Of India (SBI) To Launch YONO SBI GLOBAL App In Singapore.

 For The First Time Indian Market Touched $ 4 Trillion Milestone In Market Capitalization.


FIRST IN - 

 India First Life Insurance Become The First Life Insurance Company To Get a GIFT City IFSC Registration. 


APPOINTMENTS - 

Manoranjan Mishra Has Been Appointed As The Executive Director Of RBI. 

Rohit Rishi Has Been Appointed As The Executive Director Of Bank Of Maharashtra.

Shri Goverdhan Singh Rawat Has Been Appointed As The Deputy Managing Director At NABARD.

* Ajay Kumar Sood Has Been Appointed As The Deputy Managing Director Of NABARD.

* Actor Pankaj Tripathy Has Been Appointed As The Brand Ambassador Of UPI SECURITY By NPCI.

Ashok Vashwani Has Been Appointed As the Managing Director And CEO Of Kotak Mahindra Bank.

Vinay M Tonse Has Been Appointed As The Managing Director Of State Bank Of India.

 Lakshmi Ramakrishna Srinivas Has Been Appointed As The Additional Director Of South Indian Bank.

Anish Shah Has Been Elected As The New President Of FICCI.

Byjus Appoints Jiny Thattil As Its New CTO.

Harsh Kumar Bhanwala Has Been Appointed As The Independent Director Of. HDFC BANK .



NEW - 

Bank Of Baroda Has Launched The LITE SAVING ACCOUNT. 

* AU SMALL FINANCE BANK LIMITED Has Launched Planet Green Fixed Deposit.

HDFC Securities Has Launched Mobile Trading App On Amazon Web Service.


INAUGURATION - 

Union Finance Minister Nirmala Sitharaman Inaugurated SBI Branch In Trincomalee In Srilanka.

 Union Finance Minister Nirmala Sitharaman And Ms Charles Have Inaugurated The 2nd SBI Branch At Jaffna, Srilanka.

Union Finance Minister Nirmala Sitharaman Has Inaugurated 12 GST Seva Kendra's In Vapi, Gujarat. 


MOU - 

 Kotak Mahindra Bank Has Been Partnered With National E-governance Services Limited ( NeSL) To Issue First Electronic Bank Guarantee (e-BG) Platform. 

* AXIS Bank Has Signed a MoU With Institute Of Rural Management Anand ( IRMA) To Promote Financial Inclusion And Literacy In India. 

* The Investment & Development Authority Of Nagaland ( IDAN) Signed MoU With State Bank Of India ( SBI) To Introduce The Nagaland Tourism Connect Scheme. 


AWARDS - 

Reserve Bank Of India ( RBI) Governor Shaktikanta Das Received The Change maker Of The Year Award 2023 On The Behalf Of RBI. ( Award Given By The Hindu Businessline) 

 NHPC Limited Has Conferred With The Economic Times HR World Exceptional Employee Experience Award 2023.

REC Limited Has Received The BEST EMPLOYERS Diversity & Inclusion Award By ASSOCHAM.

NHPC Conferred 2nd Prize Under Annual Report Category Of PRSI National Award 2023.

* State Bank Of India ( SBI) Has Honoured With Prestigious CSR Award For Promoting National Heritage, Art &  Culture. 

DECEMBER - 

India's Gross Domestic Product (GDP) Has Increased 7.2% In July-September (Quarter 2) in 2023.

 India Government Collected 1,67,929 Lakhs Crores GST On November 2023.

* Maharashtra State Topped With Collected 25,585 Crores.

UPI Recorded 11.24 Billion Transaction In November 2023.

 Reserve Bank Of India (RBI) Kept Remains Same For This Quarter. 6.25% Repo Rate, 6.76% For Bank Rate 

Government Of India Has Banned Exports Of Onions Till March 2024.

 Reserve Bank Of India (RBI) Has Increased The UPI Transaction Limit From 1Lakh To 5Lakh For Payment To Educational Institution And Hospitals.

* The Transaction Limit Increased From RS 15000 To Rs 1 Lakh For Recurring Payments Like Credit Card Repayment, Mutual Fund Subscription, Insurance Premium Payment.

Union Cabinet Has Approved Extra Allocation Of 2500 Crores For The Continuation Of Pre & Post Shipment Rupee Export Credit Till 30th June 2024. 

Indian Foreign Exchange Reserves Rise $6.1 billion To $604 billion. 

 FIRST SWYP Credit Card Has Been Launched By IDFC First Bank.

Atal Pension Yojana (APY) Crossed 6 Crores Mark,With 79 Lakhs Enrollment In This Financial Year.

Center Has Approved The Financial Assistance Over 338 Crores Rupees To Gujarat, Where People Suffered Cyclone BIPARJOY.

India Overtake Hong Kong As 7th Largest Stock Exchange In The World.

Bank Of India Launched NARI SHAKTI SAVING Account.

 India's November Overall Merchandise And Services Has Registered A Growth Of 1.2%.

India Has Received A Record Of $125 Billion in Remittance In 2023. Report By World Bank 

(2nd Mexico With 67 Billion, 3rd China With 50 Billion) 

The Gross Collection Of Direct Taxes For The Financial Year 2023-24 Has Registered A Growth Of Over 17%.

 139 Lakhs Crores Transaction Has Been Registered Through UPI In India For Financial Year 2022-23.

Japanese Lender Sumitomo Mitsui Banking Corporation (SMBC) Has Given Loan Of 120 Million To Air INDIA To Purchase Wide Body Aircraft Airbus.

 INDIA Has Made Its First Ever Payment In Rupee For Crude Oil Purchase From UAE.

India's Current Account Balanced Recorded A Deficit Of  US & 8.3 Billion in 2nd Quarter Of 2023-24.

UPI Transactions Grows 118% in Rural And Semi Urban Regions In India. 

 Indian Government Has Extended The Free Import Policy Of URAD Dal And Tur Dal For One Year To March 31st 2025.

 Indusland Bank Has Launched eSvarna.



MOU SIGNED - 

 Reserve Bank Of India (RBI) And Bank Of ENGLAND Has Signed MoU On Cooperation And Exchange  of Information Related To Clearing Corporation Of India Limited.

* An MoU Has Signed Between Bajaj Finserv And Education And Skill Development Of Government Of India To Provide Students Academic Credibility.

Government Of India And ASIAN Development Bank (ADB) Has Signed 37 Billion Japanese Yen Loan For Delhi Meerut Regional Rapid Transit System (RRTS) Corridor.

 ONDC And Meta Signed A Agreement To Help Small Business By Educating Them Through WhatsApp.


HOST - 

Union Minister Piyush Goyal Addressed The 3rd Edition Of India Debt Capital Market Summit 2023.


APPOINTMENTS - 

Jitesh John Has Been Appointed As The New Executive Director Of Insolvency And Bankruptcy Board Of India (IBBI).

SEBI Approves Pramod Agarwal Appointment As BSE Chairman 

C S Rajan Has Been Appointed As The Chairman Of Kotak Mahindra Bank.


AWARD - 

 Employee's State Insurance Corporation (ESIC) Has Bagged The International Social Security Association Vision Zero-2023 Award At 23rd World Congress On Safety And Health At Work, Held At Sydney, Australia.

Nita Ambani, Chairperson Of Reliance Foundation Has Awarded At CII Scorecard Event 2023.

 BCCI Secretary Jay Shah Won The Sports Business Leader 2023 Of The Year Award.

 NABARD Bank Has Won The  The Game Changers In AAROHAN 2023 ( In The Category Of Project Presentation).


DOWNLOAD THE PDF LINK GIVEN BELOW - 


https://drive.google.com/file/d/1EGIbH9hGsUsmBQck8wIoQ-iZTH8BVxEv/view?usp=drive_link

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