Economy Current Affairs December 2023

SEBI proposes two-phase transition to instant settlement in Indian stock market
Fitch expects India to be among fastest-growing nations in 2024-25
Japan International Cooperation Agency (JICA) extends ₹932 crore loan to India to implement Sustainable Development Goals
SBI to sign $165 million LoC with World Bank for rooftop solar projects
NABARD and ADB jointly launch climate action initiative
Kotak Mahindra Life Insurance introduces the unveiling of U.L.I.P. (Term with Unit Linked Insurance Plan)
SoftBank sells shares worth $310 mn in FirstCry
Education Loans Experience 20.6% Spike From April To October

IndusInd Bank launches ‘eSvarna’ credit card
Ola Electric files IPO papers with Sebi; first by auto company in 20 years
World Bank Approves $100 Mn For Skill Development In Sikkim
Muthoot FinCorp raises ₹200 crore from SBI via NCDs
Current account gap narrows to 1% of GDP at $8.3 bn in Q2FY24: RBI
Reserve Bank of India approves IDFC-IDFC First Bank merger
ICICI Pru Mutual Fund to acquire 9.95% stake in Federal, RBL Bank
Canara HSBC Life Insurance launches ‘Alpha Wealth’ plan with option to alter premiums
RBI authorizes Bandhan Bank to disburse pensions to railway employees
ICICI Pru Life, Ujjivan SFB enter into Bancassurance tie-up
IndusInd Bank introduces ‘Indus Solitaire Program’ for the Diamond Industry
Kotak Mahindra Bank partners with IIT Kanpur to launch Kotak School of Sustainability
Reliance General Insurance unveils ‘Reliance Health Global’

ICRA revises India’s FY24 GDP growth projection to 6.5% from 6.2%
UPI transactions rose by 147 percent in 5 years: Govt to Lok Sabha
SBI invests ₹49.99 crore in Canpac Trends
India is contributing more than 16% of global growth: IMF report
Razorpay, Cashfree secured RBI nod for payment aggregator business
Government launched Sovereign Gold Bonds 2023-24 with Digital Discount
Aditya Birla Sun Life collaborates with IDFC First Bank for financial solutions
U Gro Capital raises ₹250 crore from Dutch Development Bank
Unclaimed deposits in Indian banks rose by 28% at Rs 42k crore in 2023
Karur Vysya Bank, HDFC Life enter into corporate agency tie-up
Indian economy to grow 6.3% in FY24 and FY25: IMF
RBL Bank Introduces Electronic Bank Guarantee on NeSL Platform
Union Bank collaborates with Accenture to boost operational efficiency
SBI Card joins Bharat BillPay in the credit card category
LIC fourth largest insurer in the world based on reserves: S&P Global study
UPI transaction limit for medical, educational services to be hiked to ₹5 lakh

India’s economy to grow at 6.8% in FY24, accelerate to 7% in FY25: CII
RBI has canceled the license of Sitapur-based Urban Co-operative Bank
IDFC FIRST Bank launches “FIRST SWYP” credit card
U GRO Capital joined hands with Laghu Udyog Bharati to empower MSMEs
Intellect signs ₹80-crore deal with Indian Bank to deploy cash management system
Bank of India Unveils Nari Shakti Savings Account
Retail inflation surged to 5.5% in November amid rising food prices
Poonawalla Housing Finance rebrands as Grihum Housing Finance
SBI signed 70-million-euro LoC with KfW for solar projects
Reliance Industries partners with DBS Bank for financing programme
IDFC FIRST Bank, LIC Cards, and Mastercard to co-launch Credit card
ADB raises India FY24 growth forecast to 6.7%
WPI inflation in Nov at 0.26%, returns to positive territory after 7 months
The total GST revenue 1.68 lakh crore in the month of November 2023
SEBI is announced to extend the timeline of implementation for SEBI Complaint Redressal (SCORES) platforms.
Ujjivan Small Finance Bank partners org to offer sanitation loan

LIC introduces new whole life insurance policy Jeevan Utsav
Kanchan Devi first woman DG of Doon-based Indian Council of Forestry Research and Education (ICFRE)
Bharti Airtel Becomes the 8th Company to Surpass ₹6 Lakh Crore Mcap
RBI cancels licence of Shankarrao Pujari Bank in Maharashtra
India set to become third-largest economy by 2030: S&P
SBI to acquire 20 percent stake in SBI Pension Funds for Rs 230 crore
RBI keeps policy repo rate unchanged at 6.5 percent in latest MPC meet
Federal Bank Named “Bank of the Year (India)” by Financial Times