Todays Top Banking News in PDF 17.08.2023

Last Updated on August 17, 2023 by Brajesh

Todays Top Banking News

In todays top banking news 17.08.2023, we will see below 10 useful updates on banking and related fields.

  • The Reserve Bank of India (RBI) on Thursday launched a Centralised Web Portal UDGAM (Unclaimed Deposits – Gateway to Access inforMation). This portal has been developed by RBI for use by members of public to facilitate and make it easier for them to search their unclaimed deposits across multiple banks at one place.
  • HDFC Bank Ltd launched “One Pune” contactless prepaid in collaboration with Maharashtra Metro Rail Corporation Ltd. Under One Nation One Card, it will help seamless digital payments not only at Metro railway but also at retail stores.
  • Banks likely to raise deposit rates to meet credit demand, as RBI asked Bank to maintain higher Cash reserve ration in its MPC meeting. ICRR of 10% is required to be maintained by Bank ad additional CRR
  • Due to weak Chinese currency & strong dollar Index, rupees sinks to new low against dollar. Rupees touched 83.15 level.
  • Punjab & Sindh Bank planned to double its ATM network to 1600 in next 2 years.
  • State Bank Of India has decided to affected customers of Manipur due to unrest in the state. Loan moratorium up to 12 months will be allowed.
  •  For MD & CEO post in South India Bank, RBI approved P R Seshdari appointment. He will take charge from 1st Oct 2023 for a period of 3 years.
  • Yes Bank launches a new mobile banking application named as “iris”. This app has more than 100 services available for its users
  • Operating Economies of Indian Bank have improved, says Fitch Ratings. Earlier it was reduced to bb from bb+
  • Bank of Baroda share price rises by 85% to 190.20.

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