Current Affairs - September 2022
Which bank has signed an agreement with the NMDFC for the development of financial accounting software and mobile application?
The National Minorities Development and Finance Corporation (NMDFC) announced that it had entered into an agreement with ICICI Bank for the creation of mobile applications and financial accounting software.
The Finance Ministry constituted an expert committee headed by former SEBI chief M. Damodaran to examine and suggest measures to address regulatory issues to scale up investments by venture capital (VC) and private equity (PE).
The Reserve Bank of India (RBI) namely HDFC Bank has been selected for the 'test phase' of the 'On Tap' application facility for the theme 'Retail Payments' under regulatory Sandbox.