Context: NPCI is piloting Netbanking 2.0 to make mobile payments easier. Key Highlights:

Context: No buyer will be subjected to tax deduction for purchases made by him after receipt by an International Financial Services Centre or IFSC-seller as from the 1st of January 2025. Key Highlights:

A bank merger is when two or more banks combine their operations and resources to form a single entity. The resulting bank is usually larger and has more resources, which can lead to cost reductions. Recent Merged Banks Date of Merger Merged Entities Resulting Bank April 2019 Bank of Baroda, Vijaya Bank, and Dena Bank Bank of Baroda (BoB) April 2020 Punjab National Bank (PNB), Oriental Bank of Commerce (OBC), and United Bank of India (UBI) Punjab National Bank (PNB) April 2020 Canara Bank and Syndicate Bank Canara Bank April 2020 Indian Bank and Allahabad Bank Indian Bank April 2020 Union Bank of India, Andhra Bank, and Corporation Bank Union Bank of India

Context: Deposits, as Bank of Baroda stated, increased by 9.23% y-o-y in Q3FY25, reaching a domestic deposit amount of ₹ 11.65 trillion. Loans are up by 11.76% year-on-year, touching an all-time high of ₹ 9.63 trillion, thus outstripping newly growing deposits. Bank Loan Growth

Context: Securitisation volumes are expected to have surpassed ₹ 68,000 crore in Q3FY25: ICRA Securitization Volumes Securitization volumes in banking is the amount of assets that have been pooled and repackaged into interest-bearing securities:  ICRA Limited (ICRA) ICRA Limited (ICRA) is an independent and professional investment and credit rating agency in India.[2] The company has been in existence since 1991 under the name Investment Information and Credit Rating Agency of India Limited (IICRA India).

Context: State Bank of India – the country´s largest lender – has unveiled two new schemes to boost deposit mobilisation at a time when most banks are facing challenges to raise resources. The first is Har Ghar Lakhpati and second is SBI Patrons. Har Ghar Lakhpati (HGL) “Har Ghar Lakhpati” (HGL) is a customized Recurring Deposit scheme, allowing customers to accumulate ₹1 Lakh or more by depositing small savings monthly and becoming ‘LAKHPATI’ upon deposit maturity. SBI Patrons SBI is launching a new Term Deposit scheme called “SBI Patrons” for Super Senior Citizens, who are defined as resident individuals aged 80 or older, as per Income Tax Act 1961, in order to provide them additional benefits.

Har Ghar Lakhpati (HGL) “Har Ghar Lakhpati” (HGL) is a customized Recurring Deposit scheme, allowing customers to accumulate ₹1 Lakh or more by depositing small savings monthly and becoming ‘LAKHPATI’ upon deposit maturity. SBI Patrons SBI is launching a new Term Deposit scheme called “SBI Patrons” for Super Senior Citizens, who are defined as resident individuals aged 80 or older, as per Income Tax Act 1961, in order to provide them additional benefits.

Context: Financial Services Secretary M. Nagaraju on Friday unveiled the revamped ‘Baanknet’ portal for e-auction of properties, including commercial properties, industrial land, shops, vehicles, and agricultural and non-agricultural land. Baanknet Portal