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HomeCurrent AffairsCurrent Affairs MonthlyEconomy Current Affairs - May 2023

Economy Current Affairs – May 2023

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Bharathi Pradeep
Bharathi Pradeephttps://www.getcooltricks.com/
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.
  • Axis Bank launches a digital onboarding platform ‘Sarathi’
  • HDFC Bank partners with Manipal Global to build up a talent pipeline
  • India signed an agreement with ADB for the development of infrastructure in Andhra Pradesh
  • SBI General unveils ‘Surety Bond Bima’ for infrastructure projects
  • RBI imposes Rs 84.50 lakh penalty on Central Bank of India
  • Equitas SFB partnered with IBM for a digital banking platform
  • PhonePe becomes the first payment app to link 2 Lakh RuPay Credit Cards to UPI
  • Bank of Maharashtra’s top performer in NPA management during FY23
  • SEBI sets up an intermediary advisory panel to be led by S Ravindran
  • Razorpay launches “Turbo UPI” in partnership with Axis Bank and the National Payments Council of India (NPCI)
  • RBI withdrawal 2000 notes from circulation, to remain legal tender
  • Paytm launches Paytm SBI Card on RuPay Network with NPCI
  • RBI approved Rs 87,416 crore dividend payout to Centre for FY23
  • Paytm Money launches bond investing
  • Google Pay launches RuPay credit cards support on UPI in India
  • India’s GDP crossed $3.5 trillion in 2022Moody’s report
  • Kotak Mutual Fund launches Nifty 200 Momentum30 Index Fund
  • YES Bank collaborates with IIT Kanpur to offer support to Incubated Startups
  • Capital SFB partnered with Max Life to offer life insurance solutions
  • BharatPe rebrands PAYBACK India as ‘Zillion’
  • Cashfree Payments tie up with YES Bank to offer international payment collection
  • 27th Meeting of the Financial Stability and Development Council held in New Delhi.
  • RBI imposes 1.73 crore penalty on HSBC
  • Fitch lowered India’s GDP growth forecast to 6% for 2023-24
  • AU Small Finance Bank launches RuPay credit card for self-employed customers
  • Reserve Bank gold reserves rose 4.5% to 794.64 tonnes in 2022-23
  • All-India Bank Employees Association (AIBEA) to launch ‘Bank Clinic’ to help retail customers
  • London stock exchange group to set up technology centre in Hyderabad
  • RBI launches 100 days campaign to settle unclaimed deposits
  • Bank of Baroda launches electronic bank guarantee on its digital platform
  • RBI imposes Rs 2.92 Cr penalty on Canara Bank
  • NSE launches WTI crude oil and natural gas futures contracts
  • PayNearby launches ‘PayNearby Mall’ for small businesses and consumers
  • IRDAI constitutes an Expert committee for matters related to mental health
  • NPCI introduces CVV-less payments for tokenized cards
  • Shivalik SFB partners with ag to empower small farmers
  • Tamil Nadu tops market borrowing for the third consecutive year: RBI
  • HDFC Bank to roll out e-distribution network, cover 50K more villages
  • Reliance General becomes the first insurer to accept Central Bank Digital Currency (CBDC)
  • GST collection for April 2023 highest ever at Rs 1.87 lakh crore
  • Nirmala Sitharama attends the 56th Annual General Meeting of the Board of Directors of ADB
  • HDFC Bank launches digital distribution platform for agents and partners
  • Airtel Payments Bank Introduces Face Authentication for Aadhaar-enabled Payment System
  • RBIBIS launch global technology competition ‘G20 TechSprint’
  • SEBI launches Legal Entity Identifier (LEI) system
  • Axis Bank partnered with India Shelter Finance for co-lending small loans
  • Visa launches CVV-free payments for tokenized credit in India

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Bharathi Pradeep
Bharathi Pradeephttps://www.getcooltricks.com/
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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