19th April 2019 Current Affairs
Fincare Small Finance Bank honoured with the Celent Model Bank 2019 Award


Fincare Small Finance Bank (SFB) honoured with the prestigious Celent Model Bank 2019 Award in the category of Financial Inclusion, for 'Redesigning Lending to Reach Small Businesses'.

The award recognizes LAP (Loans Against Property) D.Lite, a tab-based solution designed and developed in house by Fincare SFB for origination and instant underwriting of loans against property targeted at micro and small enterprises.

The Award was announced at the Innovation & Insight Day organized by Celent in New York.

About Fincare Small Finance Bank

Launched - 2017

MD & CEO - Rajeev Yadav


IDBI Bank launches 'NRI-Insta-Online' paperless account facility for NRIs


IDBI Bank has launched 'NRI-Insta-Online' account opening process for NRIs residing in the Financial Action Task Force (FATF) member countries.

This initiative will help NRIs to open an account without any need to visit the branch or submit physical documents.

The person will not be required to furnish physical documents and KYC proofs for opening an account with the bank.

About IDBI Bank

Full Name - Industrial Development Bank of India

Headquarters - Mumbai

Founded - 1 July 1964


Bandhan Bank gets CCI Nod for Merger with Gruh Finance


Bandhan Bank has received approval from the Competition Commission of India (CCI) for the proposed acquisition of Gruh Finance with the Kolkata-based bank.

The approval has been made under sub-section (1) of Section 31 of the Competition Act, 2002.

Bandhan Bank in January 2019, announced the merger of Gruh Finance with it.

The Gruh Finance deal will reduce stake of Bandhan Financial Holdings Ltd in Bandhan Bank to about 61% from the current 82%.

About Bandhan Bank

Type - Private Sector Bank

Headquarters - Kolkata, West Bengal

Founded - 23 August 2015

Founders - Chandra Shekhar Ghosh

CEO - Chandra Shekhar Ghosh


Mukesh Ambani among TIME's list of 100 most influential people 2019


Reliance Industries Chairman Mukesh Ambani has featured in the TIME magazine's list of 100 most influential people.

Arundhati Katju and Menaka Guruswamy, who spearheaded a historic legal battle for LGBTQ rights in India, are also the Indian name that appeared in the list.

The Time 100 Most Influential People 2019 list has been released, naming the world's most influential pioneers leaders, titans, artists and icons of the year.

The famous names in the list include Indian-American comedian and TV host Hasan Minhaj, US President Donald Trump, Pope Francis, Chinese President Xi Jinping, Pakistan PM Imran Khan, and iconic golfer Tiger Woods.


ETMONEY becomes India's 1st Comprehensive Financial Services App to integrate with UPI


ETMONEY India's largest app for financial services has integrated with Unified Payment Interface (UPI) as a payment method.

The reason for this is to double its monthly user base by the end of the year.

This integration will simplify the mutual fund payment for millions of ETMONEY users.

With this, ETMONEY has become the first comprehensive financial services App to integrate with UPI for Payment. ETMONEY is owned by the Times Group.

Now ETMONEY users can make payment easily by using UPI option on the payment page. They can select different UPI-enabled apps like Google Pay, BHIM UPI, PhonePe among others.

They only have to enter valid UPI ID and can make the payment instantly within a few seconds. In addition to this, ETMONEY users can use Netbanking and Debit Card for payments.


Headquarters - Gurugram, Haryana

CEO - Mukesh P Kalra

About UPI

Introduced - 11 April 2016

Owner - NPCI



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