October Month Banking Awareness 2017

October Month Banking Information 2017:

The Centre has made the use of Public Finance Management System (PFMS) mandatory for all central schemes.

Small Industries Development Bank of India (SIDBI) has revamped its portal www.udyamimitra.in with enhanced features to provide easy access to credit and hand-holding services for micro small medium enterprises (MSME).

HDFC Life Insurance Company has launched ‘Neo‘, a servicing bot for Twitter that uses artificial intelligence for customer service.

The Reserve Bank of India has opened a branch in the Dehradun city to make transactions of the Uttarakhand State government more convenient.

Digital payments firm MobiKwik announced its partnership with IRCTC Rail connect app which will allow customers book railway tickets using the former’s payment gateway.

The Reserve Bank of India (RBI) is to launch a financial literacy drive in 80 blocks in nine states Maharashtra, Chhattisgarh, Bihar, Odisha, Karnataka, Telangana, Andhra Pradesh, Haryana and Uttar Pradesh on the pilot basis to educate people on e-transactions, formal sector borrowings and insurance purchases.

The government has made biometric identification Aadhaar mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra.

The International Monetary Fund (IMF) has trimmed India’s growth forecast for Financial Year 2017-18.

ICICI Bank consolidated assets, committed financial assets of Rs. 10 crores to the India.

State Bank of India is creating a 15,000-sqft innovation center in Navi Mumbai investing around Rs 100 crore.

Union Bank of India has launched an Android app Union Sahyog, as part of its drive to digitize customer-facing banking services.

The Income Tax Department has launched an ‘online chat’ service for taxpayers so that they can seek answers to their basic queries and doubts relating to direct tax issues.

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