Economy Current Affairs March 2024

Zurich Insurance to acquire 70% stake in Kotak General
India’s GDP to grow at around 6.75-6.8% in FY25: BoB
EPFO organizing its monthly district outreach programme Nidhi Aapke Nikat 2.0
Amazon Pay gets final approval from RBI to operate as payment aggregator
Mahanagar Gas acquires 30.97% share in 3EV Industries
MobiKwik introduces Pocket UPI to facilitate payments without linking a bank account
Jana SFB partnered with Dvara Money for digital banking

RBI cancels licence of Rajasthan-based Sumerpur Mercantile Urban Coop Bank
Maruti Suzuki partners with Union Bank of India for dealer financing solutions
India’s GDP growth at 8.4% in Q3 2023-24
GST Collections Jump 12.5% YoY to Rs 1.68 Lakh Crore in Feb 2024
FIU imposes 5.49 crore fine on Paytm Payments Bank
Flipkart unveils its UPI handle to boost India’s digital evolution
Kotak Mahindra Bank introduces Smart Choice Gold Loan
RBI approves AU-Fincare Small finance bank merger
Moody’s raises India’s 2024 GDP forecast to 6.8%
PNB ties up with EaseMyTrip to launch travel credit card
Infibeam Avenues get RBI’s authorization to payment aggregator licence
30 banks join RBI’s UDGAM portal for unclaimed deposits
CRISIL raises India’s GDP growth forecast to 6.8% for FY25
Kotak Life introduces Non-Linked Par Product Kotak G.A.I.N
Future Generali India launches new women’s health insurance plan
Karnataka Vikas Grameena Bank launches ‘Vikas Spoorty’

PayU, NPCI join hands to roll out Credit Lines on UPI’ feature
India, Nepal sign pact to link UPI, NPI for faster remittances
South Indian Bank gets Best Technology Bank of the Year award
RBI extends deadline for Paytm Payments Bank restrictions to March 15
IRDAI reconstitutes expert committee for Ind AS/IFRS implementation
Paytm shifts nodal account to Axis Bank for seamless transactions
LIC launched ‘Amritbaal’ plan for children
Bandhan Bank authorized to collected revenues of West Bengal govt
Mitsubishi Corp to acquire 32% stake in TVS Vehicle Mobility
IEPFA and DBS Bank signs MoU to spread awareness on investment and fraudulent schemes
IREDA and PNB join hands to Co-Finance Renewable Energy Projects
Morgan Stanley projects India’s GDP growth for FY25 to 6.5%
PayPal registers with FIU of India under anti-money laundering law
Whirlpool sells 24% stake in India unit for $468 million
RBI grants payment aggregator licence to Mswipe Technologies

HDFC Bank raises $300 million through maiden sustainable finance bond issue
SBI partners with Flywire to modernize international education payments for students
LIC launches new plan “Index Plus” Policy
RBI repo rate unchanged at 6.5 percent
Karnataka Bank launches centenary campaign
RBI Grants Payment Aggregator Licences to Juspay, Zoho, and Decentro
Employees’ Provident Fund Organization (EPFO) Raises Interest Rate on PF Deposits to 8.25%
Paytm E-commerce rebrands to Pai Platforms
RBI increases ceiling on fees payable to non-executive directors of banks to Rs 30 lakh per year
India launches UPI payment services in Sri Lanka, Mauritius
India’s Retail inflation is at 3-mth low to 5.1% in January
India’s WPI inflation eases to three-month low of 0.27 per cent in January

RBI Imposes Major Restrictions on Paytm Payments Bank
GST collections rise 10% to ₹1.72 lakh crore in January
Saudi Arabia, UAE, Ethiopia, Iran, Egypt confirmed they are joining BRICS
Government allocates 3.4% of GDP for Capital Expenditure Boost
Govt revised the fiscal deficit estimates at 5.8% in FY24
97.50% of Rs 2,000 Notes Returned to System: RBI
ESAF Small Finance Bank and Edelweiss Insurance partner to offer Life Insurance
UPI transactions reach a record Rs 18.41 trillion in January: NPCI
Government Boosts Sovereign Gold Bond Issuance to 3,500 Crore in FY 25
Digital payments rise 10.94 pc annually at September-end 2023: RBI
SBI’s Q3FY24 net profit drops 35.5% due to one-time provisions
CCI approves acquisition of 70% stake by Zurich Insurance Company in Kotak Mahindra General Insurance
HDFC Bank rolls out 4 SME credit cards for entrepreneurs, freelancers
Max Financial gets IRDAI nod for capital infusion of Rs 1,612 cr by Axis Bank into Max Life Insurance

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