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.