CURRENT AFFAIRS

Detailed explanation-1: -The Prime Minister, Shri Narendra Modi has appreciated IPPB for conducting India’s First Floating Financial Literacy Camp in Dal Lake of Srinagar, Jammu & Kashmir under Niveshak Didi.

Detailed explanation-2: -IPPB was launched as a pilot project on 30 January 2017 in Ranchi (Jharkhand) and Raipur (Chhattisgarh), with the objective of being present across India by the FY 2018-2019.

Detailed explanation-3: -Literacy camp is a camp to provide banking sevices and products related information and financial advice to the rural or unbanked masses. Spread banking and finance related awareness and advice to the public.

Detailed explanation-4: -On April 11, 2016, Airtel Payments Bank became the first entity in India to receive a payments bank license from the Reserve Bank of India (RBI). It intends to bring banking services to the doorstep of every citizen of the country.

Detailed explanation-5: -India’s First Floating Financial Literacy Camp was conducted as part of the launch of the initiative called “Niveshak Didi” in Jammu and Kashmir’s Srinagar. It was conducted among local residents around the famous Dal Lake in Srinagar.