Economy Current Affairs – June 2023

  • RBI imposes Rs 2.5 crore penalty on Jammu & Kashmir Bank, Axis Bank
  • Indian Overseas Bank (IOB) signs MoU with the Tamil Nadu State Rural Livelihood Mission
  • Paytm signs MoU with Arunachal Pradesh for creating a startup ecosystem
  • Infosys bags $454-million deal from Danske Bank
  • Aditya Birla Sun Life Insurance launches ‘Nishchit Pension Plan
  • Manipal Technologies and Indian Bank joined hands to offer banking products
  • Indian Renewable Energy Development Agency (IREDA) opens Paperless Business Centre at East Kidwai Nagar, New Delhi
  • ICICI Lombard launches insurance products for MSMEs
  • S&P retains India’s growth projection at 6% for FY24
  • RBI cancels Mahalaxmi Cooperative Bank Dharwad’s banking license
  • Kotak Insurance partners with ai to provide insurance to MSMEs
  • World Bank approves $391 million for Assam, Tripura
  • Russia’s Sberbank launches Indian rupee accounts for individuals
  • RBI imposes Rs 20 lakh penalty on Manappuram Finance
  • World Bank approves $150-million loan for Resilient Kerala programme
  • Kotak Mahindra Bank launches ‘ActivMoney’
  • SEBI issues guidelines on product offerings by online bond platform
  • Paytm introduces UPI Software Development Kit (SDK) for seamless online merchant payments
  • IndusInd Bank collaborates with Wise to offer low-cost & fast inward remittance to India
  • UK’s Lloyds Banking Group to set up tech centre in Hyderabad
  • Axis Bank launches ‘One-View’ feature
  • Fitch raises India’s GDP forecast to 6.3% from 6% for FY24
  • Airtel Payments Bank ties up with Care for Health insurance
  • RBI Monetary Policy 2023, Repo Rate unchanged at 6.5%
  • SIDBI signs MoU with HDFC Bank to offer financial solutions to MSMEs
  • Google Pay launches Aadhaar-based authentication for UPI activation
  • PhonePe launches Account Aggregator services
  • Federal Bank launches ‘I am Adyar, Adyar is me’ campaign
  • RBI permits First Loss Default Guarantee (FLDG) between fintech and banks, NBFCs
  • India tops world ranking in digital payments
  • SBI to raise Rs 50,000 crore in FY24
  • India’s CPI inflation eases to 4.25 percent in May
  • Punjab & Sind Bank to raise Rs 750 cr via bonds
  • Punjab National Bank launches IVR-based UPI 123PAY
  • India, ADB sign $130 million loan MoU to boost horticulture in HP
  • KVG Bank launches new deposit scheme ‘Vikas Ashadeep 400 days’
  • South Indian Bank launches digital platform for hassle-free account opening
  • Fino Payments Bank joins Hubble to introduce spending account
  • Sebi introduces a framework for direct mutual fund investment platforms
  • Reserve Bank of India (RBI) opens regional office in Nagaland
  • SIDBI launches mission (Electric Vehicle Operations and Lending for Vibrant Ecosystem) to finance MSMEs for EVs
  • World Bank launches its first road safety project in South Asia
  • Indian Overseas Bank Introduces “MY ACCOUNT MY NAME
  • Education loans register 17% growth in FY23
  • YES BANK launches new logo and campaign
  • Bajaj Allianz Life launches term insurance plan for Type 2 diabetics
  • GST collection rises 12% to ₹1.57-lakh crore in May
  • RBI fines Indian Overseas Bank Rs 2.2 crore for multiple violations
  • SBI launches Project Kuber in Bengaluru
  • RBI Governor launches Financial Inclusion Dashboard ‘ANTARDRIHSTI’
  • Bank of Baroda launches cash withdrawal facility via UPI on its ATMs
  • World Bank cuts India’s GDP growth forecast for FY24 to 6.3%
  • Kotak Bank launches Réserve premium account
  • Yes Securities partners with WatchYourHealth to provide investment solutions
  • HDFC Bank introduces Millennia Credit Card
  • Wipro launched an innovation experience for financial services with Microsoft
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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