- 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.
Paisabazaar Partners with RBL bank to Offer Credit Card
Category: Banking & Finance
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.
Paytm has Highest Penetration in Digital Payments: Comscore Report
- In accordance with the Comscore report, Paytm has the highest digital payments with over 45% penetration in Fintech.
- Paytm is followed by Google Pay (mobile App) at 43% penetration (reach as percentage of total digital population).
SBI partners with NSE Academy to offer Financial Literacy Courses
- State Bank of India (SBI) partnered with NSE Academy to launch five online courses to promote financial literacy courses through NSE Knowledge Hub platform, an online Massive Open Online Courses (MOOCs) platform.
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%
BSE Gets SEBI Nod for Trading in Electronic Gold Receipts
- Market regulator SEBI (Securities and Exchange Board of India) gave final approval to the BSE Limited (Formerly Bombay Stock Exchange) for trading in electronic gold receipts (EGR), a form of shares in demat accounts, that paves way for spot bullion exchange.
Aditya Birla Health Insurance Signed a Bancassurance Partnership with Utkarsh SFB
- Aditya Birla Health Insurance Limited. (ABHICL), a subsidiary of Aditya Birla Capital Ltd., has signed a bancassurance agreement with Utkarsh Small Finance Bank (SFB) for the distribution of health insurance products across India through the Bank’s network.
NABARD launches ‘JIVA Programme’ to promote Natural Farming under its existing Watershed & Wadi Programmes
- National Bank for Agriculture and Rural Development (NABARD) launched the ‘JIVA programme’ to promote natural farming under its existing watershed and wadiprogrammesin11 states.
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).