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Bank of Baroda Introduces P2P eRUPI Digital Gifting through UPI

October 08, 2025

1. Feature Overview

  • Bank: Bank of Baroda (BoB)
  • Platform: It was launched on the bob इ Pay UPI application.
  • Functionality: An online digital gifting platform between a person and another person on the basis of NPCI e-RUPI vouchers.
  • Significance: It is the first-of-its-kind in the Indian banking industry.

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Greece Eurobank is given the RBI green light in Mumbai

October 08, 2025

1. Key Development

  • Bank: Eurobank is a large Greek financial intermediary, with assets of 100 billion.
  • Approval:In-principle approval of the reserve bank of India (RBI).
  • Plan: To establish its first representative office in Mumbai, India.
  • Timeline: It is anticipated that the office should be operational by the middle of December 2025.

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Bank of India Introduces BOI Trade Easy to MSMEs

October 08, 2025

1. Initiative Overview

  • Bank: Bank of India (BOI)
  • Service Introduced: BOI Trade Easy - a quick loan service.
  • Partner: Cashinvoice, a technology firm in supply chain financing.
  • Key Objective: To offer faster access to credit among Micro, Small, and Medium Enterprises (MSMEs).

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LIC collaborates with the ministry of rural development to popularize Bima Sakhi Yojana

October 08, 2025

1. Partnership Overview

  • The Life Insurance Corporation of India (LIC) has entered into a Memorandum of Understanding (MoU) with the Department of Rural Development, Ministry of Rural Development.
  • Purpose: The eventual goal is to popularize and introduce Bima Sakhi Yojana by LIC in the rural parts of India.

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PM Lays foundation of Mahi Banswara Rajasthan Atomic Power Project

October 07, 2025

1. Project Overview

  • Mahi Banswara Rajasthan Atomic Power Project lays its foundation stone in Narendra Modi Banswara, Rajasthan.
  • This is a history project because it is the first nuclear power station in India that can be set up through a joint venture between two Central Public Sector Enterprises (CPSEs).

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