Net Interest Margin

Net interest margin is a gap between Assets and Liability. For example banks charges 9% interest rate for
loans. And it gives 4% interest for the deposits that lie with the banks. Now 9% - 4% = 5% will be the
profit for the banks. The 5% is a net interest margin for the banks.

Savings and Current Accounts are called demand deposits. We can withdraw money at ant time

CASA Ratio  CASA ratio is the ratio of the deposits in the form of current and savings accounts to the
total deposits.

PMJDY Account -No minimum balance. -Interest on deposit. -Accident insurance covers Rs.2,00000/- to
all the account holders.

BSBDA Account -The facility of ATM cum debit card at free of cost

No frill account- zero balance account

Green Label ATM -ATM is provided for Agricultural Transaction

8. Orange Label ATM - It is Provided for Share Transactions

. Yellow Label ATM - These are Provided for E-commerce

. Pink Label ATM- Such ATMs are monitored by guards who ensure that only women access these ATM

Brown label ATM - Brown label' ATMs are those Automated Teller Machines where hardware and the
lease of the ATM are owned by a service provider, but cash management and connectivity to banking
networks are provided by a sponsor bank whose brand is used on the ATM

White label ATM - RBI permitted NBFCs/FIs to establish ATMs with their brand name

Nostro Account: • These accounts are held by Indian Banks in foreign Banks in foreign currency. • For
example- Indian Bank has an account in Bank of America in dollars

. Vostro Account: • These accounts are held by foreign banks in India in Indian Rupees. • Example: Bank
of America has an account in Indian Bank in Indian Rupees.

Escrow Account: • It is the temporary pass of an account held by third parties during the transaction
between two parties.
GILT Account: • These accounts are maintained by investors with the Primary dealers for holding their
Government securities and Treasury bills in the Demat form

NPCI and Its Operations - It is the National Payments Corporation of India.  It is incorporated in
December 200

UPI(Unified Payment Interface) -Unified Payments Interface (UPI) is an instant payment system
developed by the National Payments Corporation of India (NPCI), an RBI-regulated entity. UPI is built
over the IMPS infrastructure and allows you to instantly transfer money between any two parties' bank
accounts. A Virtual Payment Address (VPA) is a unique identifier that you can use to send and receive
money on UPI. Although the transaction limit per UPI transaction is ₹1 lakh, the upper limit depends on
bank-to-bank. The transaction limit per day for UPI transactions is ₹1 Lakh. The maximum number of
UPI transactions is limited to 20

BHIM(Bharat Interface money)- The BHIM app was developed by the National Payments Corporation of
India (NPCI). It was launched by the Prime Minister of India, Narendra Modi on 30 December 2016 to
realize a digitally empowered society

IFSC - It is the Indian Financial System Code.

It is the Indian Financial System Code. It is an alpha-numeric code that identifies any branch under the
NEFT system .IFSC code is a must for NEFT and RTGS transactions It is 11 digit code. 4 ALPHA
CHARACTERS AND LAST 6 digits

NEFT – NATIONAL ELECTRONIC FUND TRANSFER

No limit for minimum or maximum amount of transfer. ( However, for amounts of Rs.2 Lakh and above,
RTGS is used.)

RTGS- REAL TIME GROSS SETTLEMENT

SWIFT stands for Society for Worldwide Interbank Financial Telecommunication

SWIFT Code consists of 8 or 11 characters

This code is used particularly for interbank transfer of money between banks & the majority of FOREX-
related messages are sent to correspondent banks abroad with the help of the SWIFT code.

Bill of Exchange- It must be in writing and duly signed by its drawer. It should contain an order to pay.
The parties to the transaction must be certain. A bill of exchange is used in transactions about goods as
well as services. It is signed by a party who owes money (called the payer) and given to a party entitled
to receive money (called the payee or seller), and thus, this could be used for fulfilling the contract for
payment
. 3. Promissory Note A promissory note is an unconditional commitment made in writing and signed by
a debtor to make payment to a specified person or the order within a specified period. It is always in
writing. No verbal promise is accepted. It is drawn for a specified duration for a specified sum of money.

Cheque A cheque is a negotiable instrument. It contains an unconditional order to pay a certain sum of
money. It contains instructions in writing given by the account holder to his bank for payment of money
from his account. There is a statutory

Order cheque ------>A cheque payable to a particular person or his order. Bearer cheque ------->A cheque
payable to a person who ever bears. Blank cheque ------->Except signature, all other columns are blank.
Stale cheque ------->Which is more than three months old. Mutilated cheque ---->The cheque is torn into
two or more pieces. Post-dated cheque----->A cheque that bears a date later than the date of issue.
Open cheque ---->Cheque which has not been crossed. Crossed cheque ----->Cheque which carries two
parallel transverse lines across the face of the cheque

MICR Code On Cheque - It is Magnetic Ink Character Recognition (MICR). It is a 9-digit code. First three
digits … city/district. Next three digits … name of the bank . Last three digits … location of
branch/branch name

Crossing of cheque- This is to prevent the possibility of the cheque falling into the hands of wrong or
unauthorized parties. Hence crossing is required.

BASE RATE- It is the interest rate below which scheduled commercial banks will lend no loans to its
customers”

MCLR(2016) - MCLR stands for Marginal Cost of Funds based Lending Rate which was introduced on 1st
April 2016. It is aimed to help borrowers avail several kinds of advances including home loan

NPA – NON PERFORMING ASSETS

“An asset(mostly loan) becomes non-performing when it ceases to generate income for the bank”
Interest and/or installment of principal remain overdue for more than 90 days in respect of a term loan.

Substandard asset

Which remained NPA for a period less than or equal to 12 months. Indicates a distinct possibility that
banks may sustain a loss

CASH RESERVE RATIO

Each bank is required to deposit a certain amount of its deposits with the RBI. This is called the cash
reserve ratio (CRR)
SLR- STATIUTORY LIQUIDITY RATIO- All Banks have to maintain a portion of their total deposits with RBI
either as cash or gold or approved securities

REPO RATE- When banks sell security, banks promise to buy back the same security from RBI at a
predetermined date with interest at the rate of REPO.

REVERSE REPO RATE- In case RBI borrows money from banks and the interest paid by RBI to banks on
such borrowing is known as the Reverse Repo Rate. It is the opposite of the Repo rate

BANK RATE - The bank rate is the interest rate at which the central bank lends money to domestic banks.
Such loans are given out either by direct lending or by rediscounting (buying back) the bills of
commercial banks and treasury bills

BARREN MONEY - Money that does not earn any interest .Money that is not invested anywhere 
Money which is kept in a safe deposit locker

DEAR MONEY- The money which is available at high-interest rates and hence restricts expenditure by
companies.”

FIAT MONEY - Fiat money is declared legal tender. This includes any form of currency in circulation such
as paper money or coins. Fiat money is backed by a country's government instead of a physical
commodity

NEO BANKING - A neobank is a financial technology company that provides banking services via mobile
app or website

Unit Banking - It is a type of banking in which where banks operate only from a single branch taking care
of a small community.

Wholesale Banking - Wholesale banking involves banking services for high-net-worth clients like
Corporates, Commercial banks, mid-size companies, etc

Offshore banking: The deposit of funds by a company or an individual in a bank that is located outside
their national residence.

Retail Banking -Retail Banking means banking where transactions are held directly with customers and
there are no transactions with other banks or corporations.

RBI

The Reserve Bank of India (RBI) is the highest monetary authority in India. RBI was established in 1935
by the RBI Act 1934.RBI works as a custodian of the foreign reserve, banker’s bank, banker to the
government of India, and controller of credit

It was nationalized in 1949

RRB- Regional rural banks

After the nationalization, of banks in 1960, some problems made it difficult for commercial banks even
under government ownership to lend to farmers. The government set up the Narasimham Working
Group in 1975. Based on this committee’s recommendations, a Regional Rural Banks Ordinance was
promulgated in September 1975, which was replaced by the Regional Rural Banks Act 1976. First RRB:
PrathamaGrameen Bank

NABARD

NABARD is an apex development bank, established in 1982 by a Special Act of the Parliament

MUDRA( Micro Units Development and Refinance Agency) It is a public sector financial institution in
India and provides loans at low rates to micro finance Institutions and NBFCs which are then provided to
MSMEs. These banks are set up under Pradhan Mantri MUDRA Yojana Scheme by Prime Minister
Narendra Modi.

. Treasury bills(T-bills): It was implemented in 1986. It is also known as T-bills. In the money market, if
we talk about the lowest risk instrument then it is T-bills. It is issued by the central government with a
fixed date and fixed time

Commercial paper(CP): It was introduced in 1990. It is issued in the form of a promissory note. In this,
the net worth of the company is not less than 4crore. All Indian financial institutions, primary dealers,
and big companies are permitted to issue commercial paper to enable them to meet their short-term
financing requirements. The tenure of CP is 7 days to one year

Certificate of deposit- Tenure- 7 days to 1 year

Cash management bills: It is a short-term instrument issued by the central government to meet the
temporary cash flow mismatches of the government. The announcement of the auction of bills was
made by Rbi. The tenure is less than 91 days.

Capital market: It is used for long-term credit.  Borrowing and lending are above 1 year

Fiscal Deficit : The difference between total revenue and total expenditure of the government is termed
a fiscal deficit

Diversification: The process of allocating or spreading capital investments into varied assets to avoid
over-exposure to risk

Balance of payment - It is the difference between a country’s exports and imports.

Bank Rate - It is the rate charged by the central bank for lending funds to commercial banks
A person with expertise in the fields of economics, statistics, and mathematics, who helps in risk
assessment and estimation of premiums, etc for an insurance business, is called an actuarist

A bridge loan is a type of short-term finance that aims to “bridge the gap” between the purchase of a
property and its s

 India – france military exercise- Shakti- Meghalaya

 World’s largest carbon captur plant started in icelenad- mammoth
 Developed semi cryogenic engine- ISRO
 RED CROSS DAY- May 8
 Winner of oxford book cover prize- bhavi Mehta
 65th raising day – BRO
 THIRD HIGHEST SOLAR POWER GENERATOR- INDIa
 OBTAINED iso 42001: 2023- Infosys
 BWF world junior championship- Assam
 GI tag for traditional textile- kutch, gujrat
 UNESCO gullien cano prize- journalist from Palestine
 World’s first AI diplomat representing Ukraine- victoria shi
 Book winners mindset- shane watson’
 Goldman prize for his involment in the hasdeo arand movement- Alok shukla
 Presiding officer of securities appellate tribunal- justice dinesh kumar
 85th chess grandmaster- P shyamnisthilam
 Pultizer prize for autpbiography in literature field- jayne A Phillips
 Bue residency visa- UAE
 Thomas and urban cup - china
 Sultan azlan shah cup held in Malaysia won by –JAPAN
 Position of india in world para athelete championship -6 with 17 medals, venue- japan
 Mgellan mission Of NASA- venus
 Intenational booker prize- jenny erpenbeck for book kairos
 Hydrogen summit- netherland
 Robert fico- Slovakia
 Lawrence wong- Singapore
 Exercise cyber security- delhi
 Theme of biodiversity day- be apart of the plan- 22 may
 Saga dawa budhist festival- Sikkim
 President of IRAN- . Masoud Pezeshkian
 Astarcama desser – south America
 World football day – may 25
 Total maharatna- 14, total navratna- 25
 National dessert park- jaisalmer
 79th president of united nation general assembly- philemon yang from Cameroon
 Fifth tiger reserve in up- suhelwa wildlife santury
 BRICS foregi ministers meeting- Russia
 Second largest emitter of nitrogen oxide- INDIA
 CANADIAN GRANDRIX- MAX VERSTAPPEN
 Men’s single title of ATP TENNIS- sumit nagal
 Mount knloon- phillipines
 Mount mongalo- papua new genua
 ISSF world cup- Germany
 , sarabjot singh won 10 meter air rifle
 TRISHNA MISSION- ISRO AND FRANCE
 International conference on nuclear security held in- Vienna
 Highest FDI from- Singapore
 Organization launches worlds first rocket with 3d printed rocket - angikul cosmos
 Oxford economics global cities index- delhi
 Payal kapdia-first ever grand prix award at 77th cannes film fesrival
 Global peace index- 116
 First south American country to adopt unified payment interface- peru
 World athelete continental tour- GOLD held in finland
 Gandhi sagar wildlife santury- Madhya Pradesh
 Pravah prtal- RBI
 Pak’s institute of space technology – has announced country’s first ever lunar mission- I cubeQ
 Zimbawe new currency – zigi
 India replaces china as top Russia ol importer
 Vizhingam port- will run india first transshipment
 Asian gymast championship- uzbekistsan, dipa krmakr wins gold
 Bimstec gets legal personality
 Top import parner for india in FY2024- china
 Exercise vayu Shakti in rajsthan’
 World govt summit- dubai
 Mald becomes 119th country to join interntional solar alliance
 Indusland with

Sbi general unveil - surety bond bima

Nippon life india asset management announced the launch of sonic identity - the sound of
freedom
Sidbi+ airbus helicopter

Grow mutual fund- launched nifty non cyclical common index fund

Rec limited has secured a gree loan of Japanese yen from servizi arricurativi del

IOC announced rs 5,215 crore to develo 1 gigawat of renewable energy

First large Language model for banking, financial services nd insurance sector with sarvam-
sesame

Burgan bnk+ tata consul service -to modernize core banking tech

Indusland+ poonawall fincorp- eLite rupay credit card

Mirae AMF- launched nifty mid small cap 400 momentum quality 100 exchange traded fund

Indian coast guard+ mou wuth bank id india for boi rakshak

Asian devlp bnk+ Citi group- signed master risk

India's first virtual credit card powered by visa network - pixel

Icici bank join top 5 companies with surpassing 8 trillion

Airtel payment bank with national payments corp of India to introduce eco-friendly NCMC
debit nd prepaid cards

IFC- Has committed 105 million dollar to part finance a solar power project in bikaner

Mirae asset mutual fund - launched India's first exchange traded fund focussed on electric
vehicle nd new age automative segment

NPCI bharat bill pay+ SBI- national common mobility cards

Asian banker has awarded sebi the best Conduct kf buisness regulator

Capital small finance bnk limited tied with ICICI lambard genrl insurance limited

Indian infra finance corp+ Pnb to collaborate in financing of infr prog

national stock exchange - has launched a new thematic index called Nifty EV nd new age
automative index
Exim bank+ guyana- line of credit of Usd 2.50 million for installing a solar photovoltaic
power plant in guyana

Dbs+ rxil

SAARC currency swap frame work - 2024-27,

Uk surpassed china to become India's fourth largest export market

Bank of baroda- green term deposits

Adani def+ UAE's edge group

SME digital buisness loans launched by SBI

HDFC + shv finance limited

Sebi introducee framework for financial disincentive for surveillance related lapse

ADB approved a USD 138.5 million dollar to sikkim to enhance the power dis system

Hdfc launched PLXEL- India's first virtual credit card powered by visa network
Jammu nd kshmir bankn+payment india- to launch an innovative virtual automatted teller
machine

ADB + Citigroup

IIT bombay+ tata consultancy services - to build India's first quantum microchip merger

UN- first international conf on digital public infrastructure - new york,USA

Report ageing well in asia- ADB

SBI Becomes 7th Indian listed company to surpass 8 lakh crore market capitalisation

ICICI - Joins top 5 companies with market cap surpassing 8 trilion

DBS + marut

Tata consultancy+ kuwait's burgars bnk

IFC has committed 105 million dollar t part finance a solar power project in bikaner

PAyU+ paypal- cross border payment

Kotak Mahindra life+ jana small finance

BOI+ IMGC

ATA+ Airbus-H125 choppers

Sidbi- green climate fund

IREDA-900 Mw hydroelectric power project in nepal.

Fee structure of white lable ATM committe - Sunil Mehta

Jan suraksha scheme to 43 rrbs- Nabard

Project nexus- rbi

Sebi raises basic demat account linit to 10 lakh from 2 lakh

Green hydrogen push- world bank-1.5billion dollar

Nabard-750 crore - agri sure fund

Lic+ IDFC- Bancassurance

Atal pension yojana award- BOI

Project link- Rbi+ asean countries

Msme sahaj ,max loan amount -1 lakh

Indusland+ institute of sports - wrestle for glory

Rbi- third global hackathon- harbinger

Brahmos- first economy to launch its nation wide CBDC namely sand dollar in 2020

Hdfc- bridge the gap

Dbs bank+ RXIL- pre shipment financing to MSMs

India's first exchange traded fund- ICICI prudential mutual fund

Bajaj Allianz+ federal bnk

Nexus- RBI nd asean

Set AI cluster in gujrats GIFT city for banking, financial

Raised 600 crores through qualified institutional placement share allotment - karnataka bank

Digital india trust agency by - rbi

Launched travel guard plus - tata AIG

Released climate strategy 2030- NABARD

Aeogob life insurance renamed as bandhan life

SBI launched its first edition of ideationX to incourage insurance Innovation

Yes Grandeur - yes bank

Tata consultancy services+ Kuwait burgan bank

Bhim central – Sbi

[10:42 am, 30/10/2024] deeksha: ADB IN NEWS 2024 :-

➢Asian Development Bank (ADB) has approved a USD 434.25 million loan for the
development of a 500 MW grid-connected solar photovoltaic (PV) facility in Karbi Anglong
district of Assam.

➢Asian Development Bank has approved a USD 241.3 million loan to improve electricity
distribution in West Bengal.
➢ADB grants $162 mn to support tourism development in Himachal Pradesh.

➢Asian Development Bank (ADB) has approved a $50 million loan to improve water
resources management, in Meghalaya.

➢ADB approves Rs 530 Crore to boost drinking water supply in 12 cities of Tripura.

➢Asian Development Bank (ADB) has sanctioned $2.6 billion in sovereign lending to India
in the calendar year 2023.

➢Asian Development Bank commits USD 500 mn loan f…

[5:38 pm, 30/10/2024] deeksha: GOI through india Pacific islands corp announced relief
assistance of USD 1 million for landslide hit- papua new genuia

Indusland+ poonawallah- to launch a cobranded PLITTE rupay credit crd

Radisys india limited formed a consortium called next gen infra company with few other
firms to launch 5G services across ghana

Bhabha atomic + bhel-50 kilowatt alkaline electrolyser system

Reliance+ Norway based hydrogen electrolysis

Nippon life india asset management limited - first asset management company in india to
launch its own brand
Thomas cook- launched TC pay

Burgon bank+ TCS

HDFC received 500 million usd from ifc to support women borrowers

IOC exported XP100 , India's first superior 100 octane premium fuel from jawaharlal nehru
porttrustbto Lanka

Yes bank with EBANX

Bhima central launched by SBI general insurance limited

South Indian bank limited MOU with north capital

Ruchira kamboj contribution of USD 5,00,000 TO UN trust fund for counter terrorism

Promise 4 growth- canara bank

Indian coast guard + BOI- BOI rakshak package

Tata AUG + Aurm

Maldives received usd 50 million from India in form of treasury bill

All india bank employees association - launched bank clinic

Adani signed 30 years concession agreement to operate nd manage container terminal 2 at

dar e saleen port at tanzania

Rbi moved 100 metric tonnes or 1 lakh kg of gold stored un Uk to domestic values

Capital small finance+ Icicic lombard

Tata AIA life+ federal bank

Sound box solution - axis Bank+ MasterCard

Peru+ npci

Muthot microfin+ sbi

Motilal oswal asset management co limited - introduced India's first fund focussed on
defense stocks visited in india

Ria money transfer+ undua post payment

Wortsilla- recently launched world's first large scale 100% hydrogen ready engine power
plant

Mastercard+ indian computer response team,- to enhance cyber security in financial sector.

Nifty india tourism index was launched by NSE indices limited

IFC+ Banco bilbao vizcaya to launch world's first biodiversity bond

Branch XIndia private limited - india's first neobank to offer personal loan solutions through
ondc

REC secured a green loan worth japanes yen 31.96 billion from deutsche bank

✅ADB IN NEWS 2024 :-

➢Asian Development Bank (ADB) has approved a USD 434.25 million loan for the
development of a 500 MW grid-connected solar photovoltaic (PV) facility in Karbi Anglong
district of Assam.

➢Asian Development Bank has approved a USD 241.3 million loan to improve electricity
distribution in West Bengal.

➢ADB grants $162 mn to support tourism development in Himachal Pradesh.

➢Asian Development Bank (ADB) has approved a $50 million loan to improve water
resources management, in Meghalaya.
➢ADB approves Rs 530 Crore to boost drinking water supply in 12 cities of Tripura.

➢Asian Development Bank (ADB) has sanctioned $2.6 billion in sovereign lending to India
in the calendar year 2023.

➢Asian Development Bank commits USD 500 mn loan for improving healthcare in
Maharashtra.

➢ADB has approved a $200 million loan to expand metro rail corridors and improve
transport connectivity in Nagpur.

➢ADB approved USD 240.5 million in loans for rooftop solar system in India.

➢ADB and ENGIE Group Signed Loan Agreement to Build 400 MW Solar Power Plant in
Gujarat.

➢Government of India and ADB sign $170 million loan to strengthen health system
preparedness and response.

➢ADB Approves $170 Million for India’s Health System Preparedness.

➢ADB approves $2.6 billion in Sovereign lending to India in 2023.

➢ADB operations reach USD23.6 billion in 2023, achieve record climate finance of USD9.8
billion.

➢Government of India and ADB have signed a $23 million loan agreement to strengthen the
fintech ecosystem in India.

➢India and the Asian Development Bank (ADB) have collaboratively signed a $181 million
loan agreement targeting the improvement of infrastructure and services in the peri-urban
areas surrounding Ahmedabad city in Gujarat.

➢Asian Development Bank (ADB) has recently appointed Mio Oka as the new director of
the bank in India, replacing Takeo Konishi.

➢Vikas Sheel has been appointed as Executive Director of Asian Development Bank
(ADB).

➢ADB and Government of India have agreed to provide a $200 million loan to bolster flood
and riverbank erosion risk management measures along the 650 km long main stem of the
Brahmaputra river situated in the state of Assam.

➢Asian Development Bank will provide a $ 23 million loan to the Government of India to
set up an International Fintech Institute at the Gujarat International Finance Tec-City (GIFT-
City) in Gujarat.

Q- Zap = Razorpay

Bank clinic= All India bank employees Association

PhonePe+ Pickme Srilanka

Wise senior citizen Saving Account= Karnataka Bank

Maha krishi Samridhi= Bank of Maharashtra

ZeroPe= Anish Grover 5 lac medical loan

INDRIYA jewellery= Aditya Birla

Titan tanishq= Bangladesh

Bob + Microsoft= GenAi hackathon

Health Saathi = Paytm (35rs per month)

Jeevan Saamarth = LIC+ AT kearney

Finquiry= RBI(3 to 5 PM last Wednesday)

AI wisdom NextTM = TCS

Saarthi2.0= Sebi

Representative office
PNB = Dubai

Exim Bank= Nairobi

Elevate = ICICI Lombard

X handle hacked = Canara Bank

Super.money = Flipkart

NSE= highest number of transactions in a single day

PhonePe lending products six major category= Bike, car, home, gold, mutual fund and
education.

Best Telegram Channel for Mains Current Affairs is Exam Genius.

Hdfc Ergo + Truecaller

RBI Harbinger= Zero financial fraud+ Being Divyang friendly

Paytm+ Sky scannR= travel segment

Apple= first big tech to be charged with violation EU digital law

The Asian banker Hong Kong = Sebi

Central Banking Risk manager London = RBI (Manoranjan Mishra)

1.KONEPS= South Korea

2.GeM= India

3.GeBIZ= Singapore

SPARSH = Ministry of Defence= Canara Bank+ Bank of India+ Central Bank of India+
Utkarsh SFB

Bharat QR Code= Bandhan Bank

Flipkart+ billdesk = new payment service

BSE psu index = kotak Mahindra Bank

AU SFB + Ixigo = Reupay travel credit card (insurance cover up to 2 lac)

Saving+ = Bajaj finserv assets management

Nifty oil & gas etf first exchange traded fund = icici prudential mutual fund

Largest financial service platform in terms of ppi wallet transactions= MobiKwik

Freedom 125= Cng two wheeler= Bajaj Auto

 Indiabulls housing finance = Samman Capital Ltd

Swiggy= Yes Bank+ juspay= own UPI

Gaurav bachat SB salary A/c= Punjab & sind Bank

Narayana health general insurance first health insurance product= ADITI (1 cr for surgery, 5
lac for medical management)

Sambhav home loan= Bajaj housing finance (start from 10,000)

Golden year pension plan = Ageas Federal life insurance

First Tourism index= tata asset management

6 unicorns this yr= Ola's krutrim, perifos, porter, Rapido, ather, moneyview

Icici Bank+ Adani one = first co branded credit card( two variants Signature and platinum-
visa)

Karnataka bank- navi credit - navi line

RIC raises staks in IRCTC to 9 percentage

SU 30 MK I- hindustan aero limited - 2600 crore agreement

Time's world's best company - HCL..

SCHEDULE B TO schedule A- IRCTC

Power finance corp loan from JBIC

LIC tie up with IDFC first bank

World bank+ telngana govt

World bank+ amazon forest

World bank- green national highway corridor -500 million

Receipnt of COSPAR harrie massey award- prahlad chandra agrawal

First women director general of CSIR who was Granger a 2 year extension - Nallathamby
kalaselvi

PM gram sadak Yojana budget- 70,125 crore

Construction of 62,500 km of new road

Global conf on space research- Busan,south korea

Ocean 2024 exercise - china nd russia

Indian textile industry -

REC limited raised 31.96 billion Japanese yen through green loan from- delitsche bnk

Birlestik 2024- kazakatan

Bharat connect - axis + NBBL

Max life+ CSB- Bancassurance partnership

First cng motorcycle launched by bajaj name- freedom

Smartlock = ICICI

Smart wealth=Hdfc

RuPay wave credit card= Federal Bank

Sapphiro credit card= ICICI

Xtra credit card= RBL with iocl

Safety Ring = Punjab National Bank

DigiPassBook Smartwealth= HDFC

Amrit Vrishti= SBI

Wrestlers Glory = Induslnd Bank

Pixel Play pixel Go= HDFC

Liquid Plus= Jana Small Finance

Pi Phi = Yes Bank+ AnQ

Msme Sahaj = SBI

SME digital business loan = SBI

Union premier= Union Bank of India

Video Kyc Remote area = Bank of Maharashtra

Online tax = Bandhan Bank

Aditi + Gyansahay.AI= Bank of Baroda

Phygital Branch= Bank of Baroda

SB Max + SB HNI= IOB

BharatPe One = BharatPe

eSewa Nepal = PhonePe

LankaPay + PhonePe UPI Srilanka

Apy Annual award= BOI

Apy significant enrollment national award = Karnataka vikas gramin Bank

: Rbl nd indian oil- xtra credit crd

Hdfc nd Zeta

Phygital branches- bank of baroda

Aditi- virtual relationship manager- bnk of broda

Ashva nd mayura credit crd- IDFC first bank

Dava soochak-DICGC
Asha scholarship prog- sbi

Commite- simplify tax- VK gupta

Gst council to suggest gst rates - samrat Chaudhary

Bharat pay nd unity bank- to launch its UPI third party app provider service

Karnataka bank - first to offer personal loan through ONDC

PNB- multi currency world travel card

UPI nd AANI- uae

NIPL nd trinind and tobago- to develop UPI like payments system

One state, one rrb policy by - ADB

333 days star dhan- BOB- 7.75- senior citizens

7.9% - super senior citizens

First indian life insurer to commence operations in GIFT- India first life

[3:37 pm, 29/10/2024] deeksha: SBI- New asset class, minimum investment - 10 lakh
Clear tax nd Microsoft

Mastercard nd gramophone- to boost credit access

Sampoorna raksha promise - tata life

Hitachi payment - launchee country's first Android vased cash recycling machine

Airtel buisness and telecom italia

Malaria free- egypt

Batf license at gift ifsca- incorp global

International astronautical congres - italy

USD 50 Million treasury bill- maldives

Currency swap 400 milloon dollwr- maldives

First ever rupee denominated line of credit for 487 crore to finance a water pipeline reparing -
Mauritius

Axiom and prada- AxEMU suit

Yes bank plus newtap

Company in Ifsc gift city dedicated to power nd infras lending - PIFIL

France's eutelsat and Britain's one web- merger satellite

IFC nd axis- blue loan-

Utsav scheme- ban of baroda- FD below 3 crore

Bharat petroleum and Israel's aerospace

TASL nd morocco to establish armed vehicle plant in Casablanca

Unga- 18 members for 3 years

Anil ambani- bhutan bhutan's largest green energy project

ICMR and vidyut vyapar nigam- to boost solar Power usage in health research
Tata electronics and taiwan(PSMC)

Bobcard plus rupay

IIT delhi and Indian air force- ai powered research

IREDA nd SJVN, GMR- devlpnt of 400 MW hydro electric project in Nepal

India and jamaica MOU in field of digital public intrastructre

Tech Mahindra with University of Auckland

Union labour ministet nd amazon

Bpcl nd mumbia port authority - to launch India's first green fuel ecosystem

Digiyatra- 24 airports

Ministry of ayush nd WHO- Guj global traditional medical centre

Bandhan life insurance has taken over- argon life insurance

Gail nd petron- bio ethanol plnt

: Hdb financial service first to integrate the NPCL' EKYC setu system

Lic- stake 2.08% to hindustan copper

Paymate +, NBBL-TO launch BBPS B2B Platform

Exercise REPMUS- portugal

India and European - to deeper cooperation in sustainable water management..

Ubi joined PCAF

Ril rank in fortune 500- 86th

Reinvest meet- gujrat

GAIL+ petron- bio ethanol plant

Visa+ pinelab..

Karnataka+ JBIC- WIND energy

Paymate nd NBBL- Launched BBPS

RBL + dmi
India's largest dreger- cochin shipyard

Thomas cook nd NPCI- first rupay prepaid forex Card

Malke nd mali- cochin shipyard

AU small finance bnk nd United India insurance

Avni saving account- bandhan bank

Aditya Birla nd AU small finance - co branded credit crd

Tata power solar + ICICI bnk

Piramal housing nd Central bnk of india

Piramal+ axis

Max life insurance+ CSB - bancassurance

Heath sthi- paytm

Income suraksha plan- term insurance plan- aditya birla and policy bazar
Pfrda nd icici- NPS vatsalya

Star health nd policybazar-

special care gold

Liquid plus fixed deposit - jana snall

My biz- axix bank nd Mastercard

Paisa save cash credit card- yes Bank with Paisa bazr.

Bank of Baroda nd ease my trip- co branded travel Debit card

Star dhan vridhi 333 day plan- bank of india

Dabbaa saving account campaign- ESAF Small finance bank

Sugam rinn bhugtan yojana- IDBI

Smart wealth app- hdfc

Digi pos- razor pay

Inori rupay plati creedit card- ESAF

Piramal finance nd central bank

: Iit madrss nd Idbi- cyber security lab

Vatsu housing finance nd US internet devlp finance corp-50 million loan agreement

SBI loan to damodar valley corp

JBM ecolife secured 7.2 billion funding from ADB nd AIIB

UNDP nd international org for standardization - international guidelines to accelerate

contribution towards SDGs

Tata steel Uk limited with uk govt- steel project at Uk

High end credit card ETERA by BOBCARDA

C -DOT partners with IITA Rorkee

AU small finance bank limited with UIIC to distribute general insurance sol to bank's customers

Samporrna raksha promise - tata AIA life

Yes bank plus neolap finance

Tarrak with Suroday small finance bank

Magma HDI general insurance - launched one protest , a personal accident insurance product
Icici and make my trip

FINANCE CURRENT AFFIARS OCT

1- Monetory policy reshuffling - THE 6 member MPC consist of the 3 RBI and
three external members , appointed for a 4 year Term. Following are the new
external members of the central bank’s rate setting mnetory policy committee .
These are

1. Ram singh
2. Saugupta bhattacharya
3. Nagesh kumar

In its august policy the MPC kept the repo rate unchanged at 6.50 % for a ninth
straight time

 Confederation of Indian industries with Ministry of corporate affairs to

facilitate PM internship scheme. Aims to provide internship opp to 1 crore
youth between 21 nd 24 years in 500 top CSR spend companies for next 5
years
 Periodic labour force survey 2024- Ediion 7th released by labour beureau nd
published by national sample survey office under ministry of statistics.
Highest unemployement rate- Lakshawadeep, andman nd nicobar,
kerala.Lowest unemployment rae- MP, gujrat , Jharkhand
 RBI’S proposed new LCR Norms
 Banks requires to assign an additional 5 percent run off factor for retail
deposits enabled with nternet and mobile banking facilities.Banks increase
the liquidty cover for stable deposits from 5 percent to 10 percent. For
stable deposits will rise from 10 percent to 15 percent
 Acc to SBI economic rese dept- The average annual exponential growth of
indias pop is n a downward trajevtory and is expected to decline from 2.20
per cent in 1971 to 1 percent in 2024, The median age of ndia is expectd to
 increase from 24 years in 2024 o 28- 29 in 2023/ 24. Kerala has the highest
prop of elderly peope in its pop. IT is lwest in bihar. T Nadu is most
urbanized and himachal pradesh is lowest
 India and Russia are likely to introduce a dynamic reference rate to make
financial transactions between the two countries easer nd reduce the
impact of US sanctions on Russia
 Indian forex reserve hit record high of USD 692. 3 billion as of September
20
 Union bank of india becomes first major bank to join PCAF( partnership for
carbon accounting financials)
 UPI users can now send 5 lakh for some transactions including tax
payements and educational services. UPI circle is a feature designed to
enable primary UPI account holders to delegate payment responsibilities to
secondary users securely
 Bajaj finserv as overtaken the state bank of india to become the thrd most
valued financial group in india by mcap. THE top 5 financial groups by Mcap
are – HDFC group, ICICI Group, bajaj group, SBI group
 Jana SFB introduces “liquid plus fixed deposit” : A comprehensive solution
to manage short term liquidity needs. Tenure- min 7 to max 180 days
 Bank of baroda introduced “aditi”, a GenAI – powered virtual relationship
manager and gyansahay.AI for its customers
 RBI organizes conference on governance in small finance banks in
Bengaluru
 RBI@90 inter institution cricket tournaments. SPJ cargo defeated bank of
baroda
 RBI approves voluntary amalgation of The Rajjapur Sahakari bank limited
with The Malad Sahakari Bank lmt
 Razorpay launched integraton platform datasync which povied real time
transaction information
 Tech mahndra and university of Auckland pater for AI and Quantum
research
 UCO bank- project parivartan to enhance the baks digital banking srvices
 OLX teams uo wuth IDFC fIRST bank to offer innovative financing solutions
for used vehicles
 Leading renewable energy project developers, manufacturing compaies,
banks and financial instituions committed to invest Rs 32.5 Trllion. India
aims to build 500 gigawatts capacity by 2030
 Finace Ministry establishes a rs 27.5 lah crore target for agriculturl credit in
FY 25. One of the initiaives includes Modified interest subvention scheme-
This scheme provides loans of rs upto rs 3 lakh at 7 percent per annum
 Public EV charging stations power consumptions doubles in QI FY 25. 108
percent increase of energy between aprila nd june 2024. DElhi led the
nation in energy consumption
 Reliance group forays into Bhutan with new company to develop 1270 MW
renewable energy projects. Anil ambani has announced entering into a
partnership agreement with Druk holdings and investment lmt
 IDBI bank lauches sugam rinn bhugtan yojna for one time settlement of
retail NPAs to boost its recovery efforts through one time settlements of
retail NPAs
 Axis asset management company lanched indias first NBFC sector based
target maturity mutual fund scheme. The minimum investment amount is
rs 5000. There is no exit load
 PayU launches first ever biometric authentication solution for card
payments in the industry, called flash pay
 Govt to launch digital portal for unclaimed shares and dividends by 2025 in
an attempt to expediate the refund of unclaimed shares and dividends to
the rightful parties, the govt is working on setting up an integrated digital
portal soon
 Airtel introduces india first AI driven spam detection solution based on
network technology
 Mastercard launched payment passkey services in india to make online
shopping more secure and easier than ever
 Yes bank and paisa bazar launched feature – rich paisa save cashback credit
card
 S & global global retains india’ GDP forecast at 6.8%
 FY 25 FORECAST
 IMF- 7
 S &P- 6.8
 World bank- 7
 RBI- 7.2
 Axis bank and master card collaborate to launch myBiz credit card for small
business owner
 Lab chemical’s packaged quantity should not exceed 500 ml , syas CBIC
 New UPI autopay rule: No 24 hour pre debited notification for these 2 UPI
recurring payments. NPCI has stated that the auto replenishment of
national electronic toll collection and Rupay national common mobility card
is permitted without 24 hour pre debit notification

 Baroda BNP Paribas mutual fund launches nifty 200 momentum 30 index
fund
 Bank’s bond issuances expected to reach to reach all time high of rs 1.2-1.3
trillion in FY 2025: Investment and credit rating agency ( ICRA)
 Jackson hole symposium 2024 is a yearly event that gathers imp people
like- cental bnkers, economists and policymakers from around the world. IT
is organized by the federal reserve bank of kanas city
 1- 7 september 2024

 RBI introduces IFSC trading and settlement scheme for soverign green
bonds to facilitate investments in SGrBs issued by the government of india
by eligible foreign investors in the IFSC.
 HDFC bank announces GIGA,financial product for india’s gig workers. HDFC
bank has announced GIGA and digipass book for gig workers and
freelancers
ABOUT GIGA. IT PROVIDES
Saving account
Debit and credit cards
Investment options
 Digipass book is a digital platform launched by HDFC bank that allows users
to consolidate nd manage all their equity investments
 Paytm has received approval from the dept of financial services for
downstream investment in its payment services arm, paytm payment
services limited
 GRSE signs MOu with NHIDCL for double lane modular bridges. These
bridges are made up of prefabricated components that can be easily
transferred and assembled. GRSE will fabricate,supply and launch these
bridges for NHIDCL
 PM showcases india’s fintech power with wit and wisdom at glbal fintech
fest in Mumbai, THEME- blueprint for the next ecade of finace: responsible
AI, inclusive , resilient
 Future and option contract exist revamped by SEBI.
MQSOS- Iincreased from 25 lakhs to 75 lkahs
MWPL- increased from 500 crore to 1500 rore
 Aditya birla sun life insurance limited and policybazar have jontly launched
the income suraksha plan
Life long income
Tax free income
Annual compounding- 5 %
First year discount – 9%
 POP lunched india’s first multi brand co branded card in partnership wth
Rupay & yes bank
 ICICI prudential life insurance launched ICICI pru guaranteed pension plan
flexi with benefit enhancer. It is a market linked pension product designed
to help individulas build a customized and tax efficient retirement plan. Tax
free withdrawls of upto 60% of the accumulated corpus at maturity
 World bank follows IMF, revises india’s FY 25 GDP growth fprecast to 7 %
 Star health launched insurance polic in braille called special care gold
Availaible- 18-65
Term- offers 1 yar trm with individulas coverage options of rs 500000 n rs
100000
It was introduced in collab with national association of blind
 BOI launched 333- Days star dhan vridhi FD, offers 7.9& interest rates
MAX DEPOSIT- 3 CRORE
September marathon