EASE 3.0 launched by the Finance Minister to enhance Ease of Banking

On February 26, 2020, the Finance Minister Nirmala Sitaraman launched Enhanced Access and Service Excellence (EASE 3.0). It was launched along with the annual report of EASE 2.0 at a function organized by Indian Banks’ Association. Highlights The main aim ..

Month: Current Affairs - February, 2020

RBI to launch Digital Payments Index

The Reserve Bank of India (RBI) recently released its statement on developmental and regulatory policies, along with the February 2020 Monetary policy statement. In the statement, the central bank announced about the launch of Digital Payments Index (DPI), which will ..

Fake Crypto-currency menace on the Rise

The rise of digital penetration in the world has lead to an increase in the instances of cyber crimes and digital fraud in recent years. The latest in this series of frauds has been the instance of a company based ..

To promote Digital Payment, SBI plans to eliminate Debit Cards

To provide a flip to the government’s vision to increase digital payments in India, the largest bank in India, the State Bank of India (SBI) plans to eliminate plastic debit cards. What is happening? As per the chairman of SBI, ..

Digital Kleptocracy

A government in which corrupt leaders (kleptocrats) use their power to exploit the people and natural resources of a country to increase their personal wealth and political powers is referred to as Kleptocracy. What defines kleptocracy? A kleptocracy is a ..

RBI sets up Sudarshan Sen-headed Working Group on Fin Tech and Digital Banking

The Reserve Bank of India (RBI) has set up an inter-regulatory Working Group to study the regulatory issues relating to Financial Technology (Fintech) and Digital Banking in India The inter-regulatory Working Group will be headed by RBI’s Executive Director Sudarshan ..

Month: Current Affairs - July, 2016