Current Affairs - February 2022
Which bank was in news for raising Rs 550 crore from the Central Bank of Singapore, Government of Singapore and other mutual fund companies?
Equitas Small Finance Bank has raised Rs 550 crore in total from the government of Singapore, Singapore's central bank (Monetary Authority of Singapore) and a host of local mutual funds in the qualified institutional placement of equities.
Reserve Bank of India has mandated NBFC - Middle and Upper Layers with 10 or more 'Fixed point service delivery units' (as on October 1, 2022) to implement 'Core Financial Services Solution (CFSS)' latest by September 30, 2025.
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