Economy Current Affairs November 2023
One Liner Economy Current Affairs for November 2023
S&P Global predicts that India will become the second-largest economy in Asia, surpassing Japan by 2030.
RBL Bank introduced the GO savings account.
RBI imposes a ₹2.5 Crore penalty on L&T Finance for non-compliance.
HDFC Bank unveils the XpressWay digital platform for Swift Loans.
Kotak Bank partners with National E-Governance Services Limited (NeSL) to issue an electronic Bank Guarantee.
IndusInd Bank collaborates with Viamericas to enhance the Fast Remit platform.
Zerodha Fund House launches its inaugural Mutual Fund Schemes.
IRDAI forms a panel to simplify insurance policy wording.
Fincare SFB to merge with AU Small Finance Bank.
Bank of Baroda introduces the BoB LITE Savings Account.
AU Small Finance Bank launches the ‘Planet First-AU Green Fixed Deposit.’
Union Bank of India incurs a penalty of 1 crore imposed by RBI.
ICICI Bank introduces ‘iFinance,’ a comprehensive financial solution.
World’s first AI Wallet unveiled by AI.
RBI revokes the Registration Certificate of Ind Bank Housing Ltd.
RBI Governor Shaktikanta Das was honoured with the ‘A+’ ranking award.
Federal Bank initiated the ‘Mookkannoor Mission’ in its founder’s village.
RBI penalizes ICICI Bank and Kotak Mahindra Bank for norm violations.
Sberbank became the first Russian bank to register with SEBI as a foreign portfolio investor (FPI).
RBI announces its fourth bi-monthly Monetary Policy.
IDFC FIRST Bank and Outlook Group collaborated to introduce “Outlook Money 40After40.”
SBI Foundation and Villgro join forces to provide support for entrepreneurship.
Yes Bank becomes the first lender to offer the ‘ONDC Network Gift Card.’
The Indian Navy and SBI launched a unique NAV-eCash card for online transactions.
GST Council increases the age limit for the presidents of Appellate Tribunals.
RBI plans to incorporate PM Vishwakarma Scheme beneficiaries into the Payments Infrastructure Development Fund (PIDF) Scheme.
RBI halts Bank of Baroda from adding new customers to its Mobile App.
Axis Bank and Fibe partner to introduce India’s First Numberless Credit Card.
IMF raised India’s growth forecast for FY24 to 6.3% from 6.1%.
RBI raises the monetary ceiling for gold loans for Urban Co-operative Banks (UCBs).
Eighteen lakh accounts are opened under the Mahila Samman Savings Certificate.
Retail inflation decreased to 5.02% in September from 6.83% in August.
REC collaborates with PNB to jointly finance infrastructure projects.
RBI’s Swaminathan J presides over the 28th Advisory Committee meeting in Lucknow.
SIDBI is set to introduce an app-based platform for ‘invoice financing’ loans.
The World Bank maintains India’s FY24 GDP growth at 3% despite facing challenges.
Karnataka Bank introduces the “Doorstep Gold loan facility” in partnership with SahiBandhu.
GST collection reached ₹1.62 trillion in September.
SBI launches a Mobile Device to enhance banking convenience.