Economy Current Affairs – July 2023

  • RBI panel recommends measures for internationalization of the rupee
  • Piramal Finance launches five all-women branches
  • PNB launches its virtual branch in the Metaverse
  • Indian Banks’ Association (IBA) sets up a group to implement the RBI committee recommendations on ARCs
  • India to surpass US to become world’s 2nd largest economy by 2075: Goldman Sachs
  • Canara Bank to sign ₹3,000 crore IT transformation deal
  • J&K Bank wins award for Best Performance in CASA
  • Bajaj Allianz Life Insurance wins Insurer Innovation Awards 2023
  • The 50th GST Council meeting concluded in New Delhi
  • A new campaign for banks under Agri Infra Fund launched
  • CPI inflation rises higher-than-estimates to 4.81% in June 2023
  • Bank of India inaugurates IFSC Banking Unit at GIFT City
  • Max Life, DCB Bank join hands to offer insurance products
  • Razorpay launches first international payment gateway in Malaysia
  • Bank of India launched Centralised Pool Buy-Out and Co-Lending Cell
  • GST collection grows 12% to over ₹1.61 lakh crore in June
  • HDFC merger to create the world’s fourth-largest bank by market capitalization
  • SBI launches ‘Transaction Banking Hubs’ for efficient solutions
  • World Bank approves USD 1.5 bn financing for India’s low-carbon transition
  • Indian Bank rolls out digital services under ‘Project WAVE’ initiative
  • Bandhan Mutual Fund launched the Bandhan Financial Services fund
  • Bank of India becomes first bank to offer Mahila Samman Savings Certificate
  • ADB retains India’s growth forecast at 6.4% for the current fiscal
  • Simplifai launches the world-first generative Al tool for insurance
  • PhonePe launches India’s first Health Insurance platform
  • SBI to set up Trustee Company to manage Corporate Debt Market Development Fund (CDMDF)
  • Ministry of Culture signs MoU with Canara Bank to provide financial assistance
Bharathi Pradeep: Editor at GetCoolTricks.com. Bharathi covers topics on Competitive exams, How To guides, Current exams, Current Affairs, Study Materials, etc. Follow her on social media using the links below.
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