The Indian Navy has inked a Memorandum of Understanding (MoU) with the Infrastructure Development Finance Company (IDFC) FIRST Bank to initiate 'Honour FIRST', a premium banking solution for serving personnel and veterans of the Indian Navy.
The Reserve Bank of India (RBI) has announced the launch of the 'Scheme of Penalty for non-replenishment of ATMs', as per which it will impose monetary penalties on ATMs/WLAs that run out of cash. The Scheme shall be effective from October 01, 2021.
Small Industries Development Bank of India (SIDBI) has unveiled 'Digital Prayaas' an app-based digital-lending platform to facilitate loans to entrepreneurs from low-income groups.
The Reserve Bank of India (RBI) has started a public awareness campaign to warn people against digital banking frauds. For the new campaign, RBI has roped in Olympic Gold medalist Neeraj Chopra.
EXAMIANS