Finance Current Affairs - August 2022

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

Finance Current Affairs – August 2022