Banking‬ ‪Awareness‬

Banking‬ ‪Awareness‬
First bank to introduce internet banking: ICICI bank
First bank to introduce mutual fund: State Bank of India
First bank to introduce credit card in India: Central Bank of India
Which cards are known as plastic money – Credit Cards.
Open market operations are carried out by – RBI
Capital market regulator is – SEBI

Country name and Capital name are same

{Country name and Capital name are same}
Mexico – Mexico City
Kuwait – Kuwait City
Panama – Panama City
Vatican City – Vatican City
Guatemala – Guatemala City
Djibouti – Djibouti City
Singapore - Singapore
Monaco – Monaco

Google payment app 'Tez ; launched : Important Highlights

Google payment app 'Tez' launched : Important Highlights
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Finance Minister Arun Jaitley has launched Internet giant Google's free mobile wallet and payments app titled 'Tez' in India. Tez app will let users link up their phones to their bank accounts to pay for goods securely in physical stores and online.

Available for both Android and iOS users, the app also allows person-to-person money transfers with a new technology called Audio QR, which uses ultrasonic sounds to let you exchange money, bypassing any need for NFC.

RBI considering India's own Cryptocurrency - Lakshmi

RBI considering India's own Cryptocurrency - Lakshmi
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The Reserve Bank of India (RBI) is considering a proposal to introduce India's own cryptocurrency similar to Bitcoin.
The government might name its cryptocurrency ‘Lakshmi‘.
The proposal was reportedly discussed by a committee of government officials who found the idea of running blockchain for financial services useful.