Page-21 of Economy & Banking Current Affairs

India Exim Bank Opens Nairobi Office to Boost East Africa Trade

June 8, 2024

The Export-Import Bank of India (India Exim Bank) recently opened its East Africa Representative Office in Nairobi, Kenya. This is part of a plan to grow its business around the world. The goal of this project is to improve India’s ..

Month: 

Category: 

Sebi Wins ‘Best Business Regulator’ Award in Asia Pacific

June 8, 2024

According to The Asian Banker, the Securities and Exchange Board of India (SEBI) was recently given the “Best Conduct of Business Regulator” award for the Asia-Pacific area. This award, which was given in an event in Hong Kong, shows how ..

Month: 

Category:  •

India’s Foreign Exchange Reserves Hit Record $651.5 Billion

June 8, 2024

With $651.5 billion in foreign exchange reserves by May 31, 2024, India had the highest amount of foreign exchange reserves ever. Positive changes in trade, remittances, and foreign investments have helped India’s external industry reach a strong point. Factors Contributing to ..

Month: 

Category: 

Nvidia Surpasses Apple With $3 Trillion Market Cap

June 8, 2024

Nvidia, a major chipmaker for artificial intelligence based in Santa Clara, recently reached a major milestone by raising its market value to $3.019 trillion, which is higher than Apple’s $2.99 trillion and just below Microsoft’s $3.15 trillion. Nvidia is now ..

Month: 

Category:  •

Peru Adopts India’s UPI System for Instant Digital Payments

June 6, 2024

The latest deal between NPCI International Payments Limited (NIPL) and the Central Reserve Bank of Peru (BCRP) is a big step forward for digital payment systems around the world. The goal of this partnership is to set up a system ..

Month: 

Category: 

Nvidia Stock Hits Record High, Approaches Apple’s Value

May 31, 2024

New Rise in the Price of Nvidia’s Stock market value rose sharply on May 28, when its stocks hit a new high. They are now worth almost as much as Apple’s. The value of the company’s shares went up by ..

Month: 

Category:  •

RBI Releases Final Guidelines for Fintech SRO

May 31, 2024

The Reserve Bank of India (RBI) finished the rules for setting up a self-regulatory organization (SRO) for the growing fintech industry in 2023. This is better than the draft guidelines that were first suggested in January, after hearing from people ..

Month: 

Category:  •

ADB Commits $2.6 Billion to India for Various Projects

May 30, 2024

ADB, the Asian Development Bank, promised to give a large amount of money (2.6 billion USD) to India in 2023 for several development projects. As part of this promise, USD 23.53 million in professional help and USD 4.1 million in ..

Month: 

Category: