CURRENT AFFAIRS

Detailed explanation-1: -Canara Bank launches “CANDI”-its first digital branch in Bengaluru. Taking its ambitious vision of moving into cashless banking, Public sector lender Canara Bank has launched its first ‘Digital Banking Branch’ at Spencer Towers in MG Road, Bengaluru.

Detailed explanation-2: -BENGALURU: Canara Bank, which has set an ambitious target of moving to ‘paperless’ futuristic banking, launched its first ‘Digital Banking Branch’ at Spencer Towers in MG Road, Bengaluru. Titled ‘CANDI’, the branch will provide an end-to-end digital experience to customers.

Detailed explanation-3: -Canara Bank made the inaugural event of the first digital branch named ‘CANDI’ in Bengaluru.

Detailed explanation-4: -DBS Bank India introduces an industry-first digital & paperless trade financing solution – ThePrint –

Detailed explanation-5: -In India, digital banking started taking shape in the late 1990s with ICICI Bank being the first one to bring the service to their retail clients. Digital banking became mainstream only in 1999 as internet charges were reduced and there was increased awareness and trust with respect to the internet.