PayPal, a global technology platform and digital payments leader, has announced its strategic partnership with and HDFC Bank to offer safer, faster and convenient payment experiences for the bank's card holders. HDFC Bank cards will be presented as a payment option during enrolment and subsequent payments, with the ability for consumers to easily open PayPal accounts and set it as their preferred payment method.

Bajaj Allianz General Insurance has entered into a bancassurance deal with Vijaya Bank. This corporate agency agreement will enable distribution of Bajaj Allianz General Insurance products through a network of 2,129 branches across the country.

State Bank of India (SBI) launched the Multi-Option Payment Acceptance Device or MOPAD, a unified payment option that accepts multiple payment methods. Customers will be able to pay through credit or debit cards, Bharat QR, Unified Payments Interface (UPI) and SBI Buddy (e-wallet) at a Point of Sale (PoS) terminal.

The RBI data shows that in June 2018, Indian Ink had raised $ 2.71 billion through External Commercial Borrowings (ECB) and Rupee Denominated Bond (RDB). Which was 66.3% compared to the same month last year. In June 2017, Indian companies raised $ 1.63 billion from overseas sources.

Solution: STRIPS is the acronym for 'Separate Trading of Registered Interest and Principal of Securities'. These are basically "zero-coupon" securities where the investor receives a payment at maturity only. STRIPS allow investors to hold and trade the individual interest and principal components of eligible Government securities as separate securities of varying tenure

In banking terms BCBS stands for Basel Committee on Banking Supervision, which provides a forum for regular cooperation on banking supervisory matters. Its objective is to enhance understanding of key supervisory issues and improve the quality of banking supervision worldwide.

Time Draft - The type of demand draft in which the payment is made only after a specified period. 

Demand draft is a negotiable instrument issued by a certain bank that directs the other bank or one of its own branches to pay a certain sum of money to the payee.

Sutlej Gramin Bank is the third regional bank that has been amalgamated into a single Regional Rural Bank.

The Centre has amalgamated three Regional Rural Banks (RRB) -- Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank -- into a single RRB with effect from January 1, 2019.

The sponsor banks of the RRBs are –

* Sutlej Gramin Bank sponsored by Punjab and Sind Bank.

* Malwa Gramin Bank sponsored by State Bank of India.

* Punjab Gramin Bank sponsored by Punjab National Bank.

Fugitive Economic Offenders Bill, 2018 which will empower authorities to attach and confiscate properties and assets of economic offenders like loan defaulters who flee the country. 

A fugitive offender term applies only to those who owe or more than Rs. 100 croresin the domestic territory of India.

Two dozen lenders, including State Bank of India and financial institution, signed an inter-creditor agreement (ICA) to accelerate the resolution process of stressed assets in the range of 500 million to 5 billion rupees under consortium loans. In addition, as per the agreement, 12 major financial intermediaries like Life Insurance Corporation, Power Finance Corporation and Rural Electrification Corporation are also signatory.