Current Affairs - Finance

India's Sovereign Green Bonds (SGrBs) are a type of green bonds specifically issued by the national government to fund projects with positive environmental and climate benefits, marking a significant step towards sustainable investment and financing initiatives.

CRED, the Bengaluru-based fintech start-up, has secured in-principle approval for a payment aggregator license, allowing it to facilitate merchant payments directly. This development expands CRED's services beyond reward-based credit card payments, enhancing its role in the digital payments landscape.

The Power Grid Corporation of India's board approved a plan to raise Rs 12,000 crore through the issuance of bonds in 2024-25. Power Grid is the largest electric power transmission utility in the country, operating a significant portion of the Inter-Regional networks.

India Mortgage Guarantee Corporation (IMGC has partnered with Bank of India (BOI) to offer mortgage guarantee-backed home loans, targeting affordable housing segments for both salaried and self-employed individuals.

India Post Payments Bank (IPPB) implemented service charges for AePS transactions from June 15, 2022, where the first three transactions per month are free, with subsequent transactions incurring charges.