Current Affairs - Finance

The Titan SBI Card, a collaboration between SBI Cards and Payment Services Ltd and Titan Company Ltd, offers exclusive benefits worth ₹2,00,000 annually. These benefits include cashback, gift vouchers, and reward points, making it a highly rewarding credit card option for users.

The Airtel Payments Bank Smart Watch allows users to make transactions ranging from Rs 1 to Rs 25,000 per day. This feature, along with Airtel Payments Bank's collaboration with Noise and Mastercard, highlights the bank's commitment to digital payment solutions, providing users with a convenient and innovative way to make contactless payments.

In February 2024, India's outward foreign direct investment (FDI) reached $3.47 billion, marking a notable rise from the previous year. This increase, reported by the Reserve Bank of India (RBI), indicates a growing trend of higher financial commitments by Indian entities in foreign markets, encompassing equity, debt, and guarantees.

Axis Bank has pledged ₹100 crore to the National Cancer Grid in collaboration with Tata Memorial Centre to support oncology research, innovation, and digital health adoption, aiming to improve cancer care in India.

India signed a $23 million loan agreement with the Asian Development Bank (ADB) for the development of the Fintech Ecosystem, including the establishment of an International Fintech Institute to strengthen fintech education, boost startup success rates, and drive research and innovation in the field.