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Finance Current Affairs – August 2022

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Bharathi Pradeep
Bharathi Pradeephttps://www.getcooltricks.com/
Editor at GetCoolTricks.com. Bharathi covers topics on Competitive exams, Beauty Tips, How To guides, Current exams, etc. Follow her on social media using the links below.
  • RBI imposed restrictions on Thodupuzha Urban Co-operative Bank
  • Bank credit growth accelerated to 14.2% in June quarter: RBI data
  • Bandhan Bank to open 551 branches in FY23
  • HDFC Property Ventures and HDFC Venture Cap to be merged with HDFC Capital Advisors
  • PNB to sell NPA account Apollo Distilleries & Breweries worth 40 cr
  • SBI topped the debit card market while HDFC leads the credit card market
  • ICICI Bank partnered with NPCI to launch RuPay credit cards
  • SEBI penalised Aadhaar Ventures for flouting market norms
  •  SEBI joined RBI’s account aggregator framework
  •  EPFOs’ Rs 1.59 lakh crore investment in ETFs rises to Rs 2.26 lakh crore
  • IDFC FIRST Bank partnered with LetsVenture to support startups
  • RBI cancelled the license of Rupee Co-operative Bank, Pune
  • Paytm partnered with Piramal Finance to offer loans
  • CPI-based Retail Inflation declined to 6.71% in July 2022
  • Kotak Mahindra Bank launched the lifestyle-focused corporate salary account “Kotak Crème”
  • YES Bank joined hands with IBSFIN tech to provide digital services
  • SBI launched Utsav fixed deposit scheme
  • India can be USD 5 trillion economies by FY29 if GDP grows at 9% for 5 years: Former RBI Governor D Subbarao
  • Adani Group acquired a 29.2% stake in NDTV
  • Mastercard partnered with BASIX to create an agri-tech platform for farmers
  • HDFC ERGO launched a portal for EV Users to locate charging stations
  • PNB launched the Pre-Qualified Credit Card facility
  • KreditBee partnered with Cashfree to offer EMI solutions
  • HDFC Bank partnered with Tata Neu to launch two new credit cards
  • Universal Sompo partnered with Repco Home Finance to insure loans
  • RBI imposed Rs 2.33 crore monetary penalty on Spandana Sphoorty Financial Ltd
  • Indian Bank signed an MoU with SRM University-AP for starts up
  • American Express launched Global Pay, cross border payments platform
  • SBI formalized a policy to finance makers of lab-grown diamonds
  • HDFC Bank partnered with M1xchange for a Trade receivables Discounting System (TReDs)
  • SBI launched its first dedicated branch to support start-ups
  • Bank of Baroda introduced a new deposit scheme ‘Baroda Tiranga Deposit Scheme’
  • Yes Bank partnered with SellerApp to facilitate the adoption of Open Network Digital Commerce (ONDC)
  • Karnataka Bank launched a new Term Deposit Scheme named KBL Amrit Samriddhi
  • Paytm partnered with Samsung stores to deploy smart PoS devices
  • Axis Bank signed an MoU with Food Corporation of India (FCI) to provide an “Ultima Salary Package”
  • MasterCard partnered with badminton players to promote digital payments in India
  • HDFC Bank opens the first all-women branch in the north Kerala region
  • HDFC Bank launched a new campaign ‘Vigil Aunty
  • RBI cancelled the license of Deccan Urban Co-operative Bank
  • Rajasthan with the highest share in the cost of projects approved by banks: RBI
  • RBI sets the deadline for card tokenization to October 1
  • Piramal Enterprises gets RBI nod to start non-banking finance company (NBFC) business
  • GST collection for July 2022 second highest ever at Rs 1.49 lakh crore
  • Trade deficit at record USD 31 billion in July month
  • SVC Bank signed an agreement with SIDBI for empowering MSMEs
  • SEBI constituted a 15-member committee to attract foreign investment; chaired by K V Subramanian
  • RBI imposed a monetary penalty of Rs 32 lakhs on the Indian Bank

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Bharathi Pradeep
Bharathi Pradeephttps://www.getcooltricks.com/
Editor at GetCoolTricks.com. Bharathi covers topics on Competitive exams, Beauty Tips, How To guides, Current exams, etc. Follow her on social media using the links below.
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