Current Affairs - Finance

LIC presented a dividend cheque of ₹1,831.09 crore to Finance Minister Nirmala Sitharaman, representing the government's share for the fiscal year 2022-23, which was approved by LIC's shareholders.

Rajnish Kumar, the former Chairman of the State Bank of India (SBI), has been appointed as the Chairman of Mastercard India, highlighting Mastercard's dedication to strengthening its presence in India's financial sector.

BriskPe, a cross-border payments FinTech company, has partnered with YES BANK to introduce "BriskPe A2A," a suite of solutions for improving cross-border payments for MSMEs.

The Sovereign Gold Bond (SGB) Scheme 2023-24 Series II opened for subscription on September 11, 2023, and will be available for subscription till September 15, 2023. The issue price for the bonds is Rs. 5,923 per gram. The SGB is a government-backed investment option that allows you to invest in gold without having to physically hold it. The bonds are denominated in grams of gold and are issued by the Reserve Bank of India (RBI).

India's first UPI-ATM was introduced by Hitachi Payment Services in collaboration with NPCI for QR-based cashless withdrawals. This innovation allows customers of certain banks to enjoy QR-based cashless withdrawals.