Banking Awareness of 7, 8 and 9 January 2023

By Priyanka Chaudhary | Last Modified: 09 Jan 2023 18:18 PM IST
Half Yearly (Jul- Dec 2023)
2023 Book

Banking Awareness

Topic: Miscellaneous

1. G20 Global Partnership for Financial Inclusion (GPFI) meeting is being held in Kolkata from 9-11 January.

  • This is the first GPFI meeting under India’s G20 presidency.
  • The meeting is likely to focus on the principles of digital financial inclusion, availability of finance for SME sector and remittance costs.
  • GPFI member countries, guest countries and international organisations invited by India will take part in the meeting.
  • The meeting will feature a domestic outreach programme on digital financial literacy.
  • The programme will involve over 1,800 students from various schools.
  • The meeting will start with a symposium on “Unlocking the potentials of Digital Public Infrastructure for advancing financial inclusion and productivity gains”.
  • G20 Global Partnership for Financial Inclusion (GPFI):
    • It is a platform for all G20 countries, interested non-G20 countries and relevant stakeholders to carry forward work on financial inclusion.
    • It was officially launched on 10 December 2010 in Seoul.

Topic: RBI

2. RBI has released plan to raise ₹16,000 crore via Sovereign Green Bonds.

  • Government has decided to start the issuance of Sovereign Green Bonds (SGrBs) on 25 January.
  • First, bonds of 5 and 10 years tenor will be issued for ₹4,000 crore each.
  • This will be followed by another batch of SGrB issuance on 9 February.
  • In the second batch, bonds of 5 and 10 years tenor will be issued for ₹4,000 crore each.
  • Overall, the government will raise ₹16,000 crore via Sovereign Green Bonds (SGrBs).
  • RBI said Sovereign Green Bonds will be issued through uniform price auction.
  • RBI said 5% of the notified amount of the Sovereign Green Bonds sale will be reserved for retail investors. 
  • These bonds will be designated as specified securities under the ‘Fully Accessible Route’ for investment in Government Securities by non-residents.
  • In the Union Budget for 2022-23, the Government had announced that it will issue Sovereign Green Bonds (SGrBs).
  • Government had announced it will issue SGrBs as part of its overall market borrowings for mobilising resources for green infrastructure.
  • Green bonds are financial instruments. They generate proceeds for investment in environmentally sustainable and climate-suitable projects.
  • Allocation and utilisation of Green Bonds is also under the purview of audit by Comptroller and Auditor General (CAG).

SBI PO MAINS Financial Awareness and General Awareness Test Series and Books

Financial Awareness Subscription by PendulumEdu

Topic: Appointments

3. Surinder Chawla has been appointed as MD & CEO of Paytm Payments Bank.

  • He was earlier Head of Branch Banking at RBL Bank. He replaces Satish Kumar Gupta. Gupta retired in October 2022.
  • Since then Deependra Singh Rathore has been serving as the interim CEO of Paytm Payments Bank.
  • One 97 Communications said his appointment as MD& CEO has been approved by RBI.
  • Paytm Payments Bank is an associate company of One 97 Communications, which owns the Paytm brand.

Topic: Corporates/Companies

4. Kotak Mahindra General Insurance Company has partnered with Clootrack.

  • Clootrack’s AI-driven comprehensive intelligent customer experience analytics platform will help Kotak Mahindra General Insurance understand why customer experience drops.
  • The partnership will help Kotak Mahindra General Insurance understand gaps in the market to improve its customer experience.
  • This will empower Kotak Mahindra General Insurance with insights into its non-life insurance products through customer feedback.
  • Clootrack is a Kochi-based start-up for customer experience analytics.
  • Kotak Mahindra General Insurance is a Mumbai-headquartered general insurance company. 

Topic: Banking System

5. ‘Jahaan Bandhan, Wahaan Trust’ campaign has been launched by Bandhan Bank.

  • The campaign features cricketer Sourav Ganguly as its brand ambassador.
  • This is the first time that Bandhan Bank has appointed a pan-India brand ambassador.
  • Leo Burnett Orchard conceptualized the campaign. Leo Burnett Orchard was brought in as the bank’s creative agency in August 2022.
  • In the last seven years, Bandhan Bank has established its presence in 34 states and union territories.
  • Bandhan Bank:
    • It is a Kolkata based Indian banking and financial services company.
    • Dr. Anup Kumar Sinha is its current chairman. Chandra Shekhar Ghosh is its MD and CEO. It started operations on August 23, 2015.

Topic: Banking System

6. Axis Bank has entered into partnership with OPEN to launch a fully digital current account for businesses.

  • This is Axis Bank’s first-ever partnership with a fintech player to launch a fully digital current account.
  • Authentication process will be completely digital using PAN and Aadhaar followed by a Video KYC.
  • So, the digital current account will help customers save time and effort.
  • Customers can get banking services from Axis Bank, along with OPEN’s financial automation features.
  • Customers can get 250+ banking services. They can claim up to 50% cashback through grab-deals. 
  • Axis Bank is India’s third largest private sector bank. It is headquartered in Mumbai. Its MD & CEO is Amitabh Chaudhary.
  • Open Financial Technologies Pvt Ltd:
    • It is a digital banking fintech enterprise. It was set up in 2017. 
    • It runs SME neo-banking platform Open Money. It also runs embedded finance platform- Zwitch and enterprise digital banking platform for banks- BankingStack.
Monthly Banking/ Financial Awareness Books
December Financial Awareness 2022 October Financial Awareness 2022
November Financial Awareness 2022 September Financial Awareness 2022

Topic: Regulatory Bodies/Financial Institutions

7. SEBI has issued a debt broker license to GoldenPi Technologies.

  • GoldenPi Technologies has become the first online bond platform provider to receive a debt brokerage license from SEBI.
  • SEBI has brought in regulations for online debt trading platforms.
  • As per the regulations, no company or individual shall act as an online bond platform provider without the certificate of registration as a stock broker under the SEBI Regulations, 2021.
  • GoldenPi Technologies is a Bengaluru-based fintech firm. Abhijit Roy is its CEO and co-founder. It was incorporated in 2017.

Topic: Banking System

8. RBI has given approval to SBI Funds Management’s proposal to acquire 9.99% equity shares in Equitas SFB.

  • RBI has allowed SBI Funds Management Limited (SBIFML) to acquire up to 9.99 percent of the paid-up equity capital of the Bank through the schemes of SBI Mutual Fund (SBIMF).
  • However, the approval by RBI is subject to various regulations of SEBI and RBI. 
  • The approval by RBI is valid for one year till January 2, 2024.
  • DSP Mutual Fund and Franklin Templeton Mutual Fund have also received RBI's approval to buy 9.99% stake each in the bank.
  • Equitas Small Finance Bank (SFB) was founded in 2016. It is headquartered in Chennai.

Topic: Indian Economy/Financial Market

9. Government said it estimates Indian economy to grow by 7% in FY23.

  • Government’s estimate is higher than estimates by agencies like IMF and RBI. However, it is lower than the 8.7% growth in FY22.
  • National Statistical Office has released data for first advance estimate for FY23.
  • The second advance estimate will be announced on February 28.
  • While agriculture and services showed better performance, industry, led by manufacturing, has disappointed.
  • The nominal GDP growth rate (taking inflation into consideration) has been estimated at 15.4%. This is against 11.1% projected in the Budget.
  • The International Monetary Fund (IMF) had reduced India’s growth projection for FY23 to 6.8% from 7.4% projected in July 2022.
  • The World Bank has raised India's GDP projection for FY23 to 6.9% from its earlier estimate of 6.5%.
  • The Asian Development Bank has kept India’s growth prediction unchanged at 7% for 2022-23.


Daily Banking Awareness Quiz | 30 and 31 December 2022

Start Quiz

Daily Banking Awareness Quiz | 28 and 29 December 2022

Start Quiz

Daily Banking Awareness Quiz | 25, 26 and 27 December 2022

Start Quiz

Daily Banking Awareness Quiz | 23 and 24 December 2022

Start Quiz




Share Blog

Banking Awareness

Attempt Daily Banking
Awareness Quiz

Attempt Quiz

Half Yearly (Jul- Dec 2023)
2023 Book

Banking Awareness


Preview Buy Now

Banking Awreness Jul to December 2023