Bank of Baroda successfully concluded the 8th edition of its flagship rural initiative, ‘Baroda Kisan Pakhwada,’ engaging over 3.65 lakh farmers nationwide and sanctioning agri loans worth Rs 5,636 crore, promoting financial inclusion under the theme “Towards Atmanirbharta.”
Category: Finance
RBI Launches Offline ‘Digi Rupee’: Money Transfers Now Possible Without Internet
The Reserve Bank of India (RBI) has launched an offline mode for its Central Bank Digital Currency — the ‘Digi Rupee’. This innovation allows users to transfer money seamlessly even without an internet connection, marking a major step toward inclusive digital finance across India.
Calcutta Stock Exchange Prepares for Final Exit After 117 Years
After over a century of operation and a decade of legal battles, the historic Calcutta Stock Exchange is preparing for a voluntary exit from the Indian financial ecosystem. Once a powerful rival to the Bombay Stock Exchange, CSE’s departure marks the end of an era for regional trading in India.
Axis Bank Launches India’s First Gold-Backed Credit Line on UPI via Freecharge
Axis Bank, in collaboration with Freecharge, has introduced India’s first gold-backed credit line on the UPI platform. This innovative offering enables MSMEs, merchants, and self-employed individuals to access instant overdraft facilities against gold, with seamless repayments via UPI and a 100% digital journey.
Dr. Pramod Sawant Chairs EDC Limited Board Meeting; ₹77 Crore Profit Before Tax Approved for FY 2024-25
Chief Minister Dr. Pramod Sawant chaired the 405th Board Meeting of EDC Limited, approving the Consolidated Accounts for FY 2024-25. The corporation reported a revenue of ₹137 crore, expenses of ₹60 crore, and a Profit Before Tax of ₹77 crore.
