CURRENT AFFAIRS

Detailed explanation-1: -The top five remitter Banks were State Bank of India, HDFC Bank, Bank of Baroda, Union Bank, and ICICI Bank, whereas the top 5 beneficiary banks were Paytm Payments Bank, YES Bank, State Bank of India, Axis Bank, and ICICI Bank.

Detailed explanation-2: -India’s leading private sector bank, HDFC bank recently launched a customised group of banking products called ‘myApps’. HDFC Bank offers four categories of applications namely mySociety, myClub, myPrayer and myCity at present.

Detailed explanation-3: -myApps will also have options to broadcast notices and engage with members on various events. Moreover, the app can be customised in over 20 languages starting with Hindi and English.

Detailed explanation-4: -Bank of Baroda won the #1 position in overall digital transactions amongst large banks for FY20-21 and it was felicitated by the MeitY Govt of India at the Digital Payments Utsav.