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Economy Current Affairs – May 2023

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Bharathi Pradeep
Bharathi Pradeep
Editor at 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 Pradeep
Editor at 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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