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Financial Awareness

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Financial Awareness

Financial Awareness – 07/09/2016

Equitas SFB ensures Rs.550-cr deposits: Equitas Small Finance Bank (SFB) has ensured around Rs.550 crore of deposit in the first few months from the small savings of its 2.6 million customers in piggy banks. The bank, started with three branches, will add agricultural finance, business loans and gold loan businesses in six months, said senior

Financial Awareness

Financial Awareness – 06/09/2016

DCB Bank rolls out mVisa, a Card-less solution at retail outlets DCB Bank, a new-generation private sector bank, has announced the launch of mVisa, a mobile based payment solution that will make payments at retail outlets much easier. Customers can pay now through their smartphones by scanning the unique Quick Response (QR) code at the

Bank Exams

Financial Awareness – 03/09/2016

Centre wants banks to get tough with defaulters: A plan that the government is considering— getting banks laden with bad debt to put the screws on some large defaulting promoters and make an example of them to persuade others to pay up quickly. “A strong message needs to go from all concerned that resolution is

Financial Awareness

UPI in simple Words – New Payment system of RBI

UPI ( Unified Payment Interface) is completely different from traditional online transfer methods like NEFT/IMPS. UPI is being developed by NPCI which owns IMPS transfers as well and then integrated with member banks to enable UPI transfers. Let me put it in details about all the available transfer methods before I explain UPI – What

Bank Exams

UPI Payment system : RBI Docs

Download as PDF Introduction The Unified Payment Interface allows payments to be initiated by the payer, or by the payee. In the basic payee initiated flows, the payment request is routed by the initiating application through the NPCI switch to the payer for approval. However, in certain instances, where it is possible to connect with

Bank Exams

Financial Awareness – 24/08/2016

Bankruptcy code :Jaitley calls for speedy implementation Finance Minister Arun Jaitley on Tuesday called for time bound implementation of the Insolvency and Bankruptcy Code. “Immediate action is required on the key requirements for implementation of the Code including setting-up of Insolvency and Bankruptcy Board of India (IBBI) and notifying rules for insolvency professionals, insolvency professional

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Bank Exams

New apps and services by Indian Banks

1) Airtel money – AXIS BANK+AIRTEL 2) Asha Home loan – AXIS BANK 3) BOUTIQUE FINANCING SCHEME – SBI 4) Branch on Wheel – ICICI Bank in Odisha 5) Chillar – Hdfc Bank 6) China’s first online Banking “webank” – Tancet Holdings 7) DDA Housing Scheme 2014 – HDFC Bank 8) Digital Banking “POCKET” –

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