● State Bank of India(SBI) General Insurance has launched the standard health insurance policy named “Aarogya Sanjeevani Health Insurance Policy”.

● This policy provides hospitalisation cover anywhere in India with sums insured ranging from Rs. 1 lakh to Rs. 5 lakhs.

● This policy has been designed at the instance of the Insurance Regulatory and Development Authority of India (IRDAI) with standard coverage and affordable premiums.

● Arogya Sanjeevani Policy will cover the hospitalisation treatment cost of COVID–19 and will help in making affordable health care more accessible in times like these.

• The Central government after exercising its power conferred under clause (iii) of section 3 of Government securities Act 2006 has launched a new series of the Sovereign Gold Bond (SGB) Scheme namely “Sovereign Gold Bond 2020-21”

• It is to be issued by Reserve Bank of India (RBI) in six tranches from April 2020 to September 2020 i.e. in first half of FY 20-21.

• The government will pay an interest at the rate of 2.5% per annum. The interest is payable semi-annually.

• Their sale will be restricted to resident individuals, HUFs, Trusts, Universities and Charitable Institutions.

• In order to encourage consumers to follow social distancing, HDFC Bank launched its #HDFCBankSafetyGrid campaign to help people maintain the World Health Organisation (WHO) prescribed distance while waiting in a queue at a shop or an establishment.

• It has created physical makers on the ground using the outer grid of its logo at a distance of 1 meter from each outside the outlets like pharmacies, grocery stores, Automated teller machines (ATMs) among others.

• It has been implemented in Mumbai, Delhi, Bengaluru, Kolkata, Hyderabad, Pune, Chandigarh and Bhubaneswar at 1,750 essential services stores & will be implemented at over 4,000 essential services stores across the 8 cities.

• Private sector Equitas Small Finance Bank has expanded its digital banking services by launching Selfe Fixed Deposits and Selfesavings accounts.

• This will help its customers to avoid visiting the branches as the lockdown is extended till May 3.

• With the Aadhaar and Permanent Account Number (PAN) details customers can open an online account for value of Minimum investment of Rs 5,000 and invest up to Rs 90,000 under 3 minutes

• State Bank of India will waive service charges for all ATM transactions made on SBI ATMs as well as other bank ATMs

• The decision will also be implemented on the other bank ATMs on account of exceeding the free number of transactions up to 30th June 2020.

• Therefore, any customer having a debit card from a State Bank of India will be allowed to withdraw cash from any other bank’s ATM without incurring any additional charges till 30th June, 2020.

• The Reserve Bank of India (RBI) has cancelled Mapusa Urban Co-operative Bank Ltd’s (MUCB) banking licence, paving the way for its liquidation since multiple attempts at the merger route have failed.

• The central bank has issued an order, barring the bank to carry on banking business, with effect from the close of business on April 16, 2020.

• Hence, the Urban Co-operative Bank has been refrained from running the business of ‘banking’ which comprises of acceptance of deposits as well as repayment of deposits as defined in Section 5 (b) read with Section 56 of the Banking Regulation Act, 1949 with immediate effect.

• State Bank of India (SBI) has switched to “Cash Budget Based Assessment (CBBA)” from “Projected Balance Sheet (PBS)” method of Fund Based Working Capital (FBWC) limits for assessment of the working capital requirement for corporates or large advances.

• CBBA of limits has been initiated for assessment of the FBWC limits for units with total FBWC exposure of more than ₹50 crore from the banking system.

• SBI has also started Risk Intel, an email service, advising the business units of rating actions in respect of units it has funded.

• In order to create interest in education for the under-privileged girls aged 12-16 years, by using football coaching as a medium, Tata AIA Life Insurance has launched a ‘Bachhpan Ka Rakshakaran’ program in association with Mumbai based Non-profit ‘Oscar Foundation’.

• It is a joint venture company formed by Tata Sons Ltd and AIA Group Ltd (AIA).

• It also conducted a full day coaching session at Astra Turf, WIFA (Western India Football Association), Cooperage, Colaba in Mumbai,Maharashtra.

• In 2000, Shri Atal Bihari Vajpayee, the then prime minister of India by BJP lead Government, flags off discussions on the GST.

• A committee was set up headed by the then finance minister of West Bengal, Shri Asim Dasgupta, to design the GST model and put in place the back-end technology and logistics for its implementation.

• State Bank of India (SBI) has launched a special fixed deposit (FD) scheme for senior citizens to help them get higher interest rate on their money called "SBI Wecare Deposit"

• Under this scheme, those aged over 60 years will get an additional 30 basis points (0.30 percent) premium on term deposits (also known as fixed deposits) with tenure of 5 years and above.

• SBI will give interest rate ranging from 3.80% to 6.50% to senior citizens on FDs maturing in 7 days to 10 years.