Paisabazaar Partners with RBL bank to Offer Credit Card

  • com, a digital platform for consumer credit, has partnered with RBL Bank Limited to offer ‘Paisa on Demand’ (PoD), a credit card that will be exclusively available on the Paisabazaar platform.

HDFC Ergo General Insurance & Visa Partnered For Insurance cover on Select Bank Cards

  • HDFC Ergo General Insurance (HDFC ERGO) entered into a first-of-its-kind partnership with Visa to offer curated insurance covers for Visa’s Platinum card holders for select public sector banks.
  • The policy will offer fraud insurance cover for an amount up to Rs 1 lakh to all Visa Platinum Credit & Debit Cards of participating issuers.

SEBI restructured Advisory Committee on Investor Protection and Education Fund, now Chaired by G Mahalingam

  • SEBI (Securities and Exchange Board of India) restructured its advisory committee on Investor Protection and Education Fund (IPEF), under the Chairmanship of
  • The advisory committee on IPEF is an eight-member committee which will take G Mahalingam, former Whole Time Member of SEBI, as its new Chairperson.

Highlights of the Sixth Bi-Monthly Monetary Policy of FY21-22

  • Reserve Bank of India’s (RBI) 6-members Monetary Policy Committee (MPC) had met on 8th, 9th and 10th February 2022 and released its sixth bi-monthly monetary policy statement for FY22 (April 2021 – March 2022).

Policy Rates

  • Repo Rate – 4.00%
  • Reverse Repo Rate- 3.35%
  • Marginal Standing Facility (MSF) Rate – 4.25%
  • Bank Rate – 4.25%

Reserve Ratios

  • Cash Reserve Ratio (CRR) – 4.00%
  • Statutory Liquidity Ratio (SLR) – 18.00%

Tata Group Picks SBI, BoB, HDFC to Finance Air India’s Old Debt

  • The Tata Group has chosen State Bank of India (SBI), Bank of Baroda (BoB) and HDFC Bankas preferred bankers for India’s largest international airline, ‘Air India’ which was recently taken over by Tata sons from the Government of India.
  • Tata Sons availed aRs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoBthat are unrated, unsecured, and pegged at 25% interest rate annually. (The loan acquired from HDFC is unknown yet).