7. Govt announces fresh incentives to boost exports and housing sector

FM Nirmala Sitharaman announced a set of measures worth around ₹ 70000 Cr to boost exports & housing sector. FM also announced that the Export Credit Guarantee Corporation (ECGC) will expand the scope of export credit insurance service (ECIS).

8. RBI expands scope of Bharat Bill Payment System

RBI has expanded the scope of the Bharat Bill Payment System (BBPS) by adding other categories of recurring payments through the portal. Now, other recurring payments such as school fees, municipal taxes, insurance premiums can also be paid via BBPS.

9. HDFC Bank & IOC launched co-branded fuel credit card

HDFC Bank in partnership with Indian Oil launched a co-branded fuel card for users from non-metro cities and town. It will be available on both RuPay and Visa platforms.

Do not get depressed while preparation read our motivational stories. These stories help you like anything. Click here to read

10. Bank of Maharashtra & Paisalo Digital Limited sign Co-Origination of Loan Agreement

Paisalo Digital Limited signed its co-origination loan agreement with the Bank of Maharashtra. This is Company’s second Co-origination Agreement with any Bank. PAISALO has already signed a co-origination loan agreement with SBI in April 2019.

11. SBI to link floating rate retail & MSME loans to repo rate

SBI decided to link all the floating rate retail loans and loans to MSME to the RBI’s repo rate, with effect from October 1. According to this, every time when there is a change in repo rate, interest rates will change automatically.

12. Pine Labs ties up with Federal Bank to offer debit card EMIs

Pine Labs, a merchant-focused company, has entered into a strategic alliance with Federal Bank, to offer equated monthly installments (EMIs) on debit card-based offline transactions to the bank’s customers.

13. Hyundai, Bank of Baroda tie up for vehicle finance

Hyundai Motor India Ltd (HMIL) has signed an agreement with Bank of Baroda to be the preferred financier for its dealers and consumers. Under the agreement, the bank will provide detailed financing structure for Hyundai’s consumers.

14. Govt to provide Rs 10,000 crore incentive for Housing sector

Finance Minister announced that government will provide Rs 10,000 crore special window with an aim to help complete ongoing affordable & middle-income housing projects.

The special window has been limited to Non-NPA & Non-NCLT projects.

15. RBI panel suggests measures to boost credit to farm sector

Reserve Bank of India panel headed by MK Jain has recommended suitable measures, including the setting up of a credit guarantee scheme jointly by the Centre and States, upping the target for banks to lend to small and marginal farmers, & avoiding loan waivers.

Leave a Comment

Your email address will not be published. Required fields are marked *