• With the beginning of the financial year 2018-19, the e-way Bill System for Inter-State movement of goods comes into force. Under this system businesses and transporters have to produce before a GST inspector e-way bill for moving goods worth over Rs 50,000 from one state to another.
  • Ride-hailer Ola has acquired Mumbai-based Ridlr, an end-to-end public transport ticketing and commuting app. The acquisition will complement Ola’s efforts to integrate its mobility platform with public transportation infrastructure.
  •  SoftBank has signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India. GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest. The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components.
  • Jio Payments Bank Limited has commenced operations as a payments bank. The Reserve Bank has issued a licence to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India.
  • Private sector lender IndusInd Bank has received RBI's approval to buy the securities services arm of IL&FS. 
  •  The Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0%. Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25%. India’s real gross domestic product (GDP) growth marginally upward to 6.6% from 6.5% in the first advance estimates. 
  • Homegrown e-commerce giant Flipkart has forged a strategic partnership with online travel company MakeMyTrip to offer travel services on its platform.Additionally, the services of MakeMyTrip's other brands, Goibibo and redBus, will be available to Flipkart consumers as part of the deal.
  • Digital payments company PayPal and the Federation of Indian Export Organisations (FIEO) signed an agreement for the promotion of outbound shipments among small and medium enterprises (SMEs) leveraging the partners' expertise and technology products.
  •  In a move that could temporarily soften bond yields, the Reserve Bank of India, in consultation with the Government, hiked the foreign portfolio investors (FPI) investment limit in Central government securities (G-Sec) from 5% of outstanding stock now to 5.5% in FY2019 and 6% in FY2020.
  •  The Reserve Bank of India switched back to the gross domestic product (GDP)-based measure to offer its growth estimates from the gross value added (GVA) methodology, citing global best practices.
  •  India’s foreign exchange reserves hit a life-time high of 424.361 billion US dollar after rising by 1.828 billion dollar in the week to March 30, according to the Reserve Bank of India data.
  • The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity. It becomes the first foreign bank in the UK to ringfence its retail division from its wholesale business.
  • The State Bank of India will be investing a total of Rs 80 billion in the Arun III hydropower project of Nepal, which has 900 megawatts (MW) electricity production capacities.
  •  Jammu and Kashmir Bank has launched a special financing scheme named 'Add-on Working Capital GST' to help the state industry cope with the delay in reimbursement of GST under special tax relief. The scheme was launched by J&K Finance Minister Syed Altaf Bukhari.
  • Delhi’s Indira Gandhi International (IGI) Airport has climbed six positions to reach on 16th Position to enter the club of the top 20 airports across the world, the Airport Council International’s preliminary report on airport traffic for 2017.
  •  The Asian Development Bank (ADB) has projected that India’s economic growth is set to rise to 7.3% this fiscal and further to 7.6% in the next financial year, on back of GST and banking reforms. 
  • National E-Repository Limited (NERL), a group company of National Commodity and Derivatives Exchange Limited (NCDEX ), has brought in ICICI Bank and HDFC Bank on board as the repository participants for pledge finance.
  • The Reserve Bank of India tightened reporting norms for the Liberalised Remittance Scheme (LRS) under which an individual can transfer up to USD 2,50,000 abroad in a year. The LRS transactions are currently permitted by banks based on the declaration made by the remitter.
  •  Small Industries and Development Bank of India (SIDBI) announced a plan to promote micro-enterprises in 115 aspirational districts across the country. It has tied up with Common Service Centre (CSC).   The ‘Transformation of Aspirational Districts’ program, which was launched by the prime minister in January 2018, aims to bring about socio-developmental changes in these backward districts which have been chosen from all states of the country.
  • The World Bank has approved $55mn to expand the use of clean renewable energy in rural areas of Bangladesh where grid electricity cannot reach easily. 
  • State-run Punjab National Bank (PNB) launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day.  Besides, the bank announced its UPI partnership with the expense management app WALNUT that comes embedded with features such as bill reminders, bill-split and instant paperless loans.
  •  The Confederation of Indian Industry (CII) has announced that it expects India's gross domestic product (GDP) to grow at 7.3-7.7% during the 2018-19 financial year.
  • As part of the drive to double the income of farmers by 2022, the government has raised the authorised capital of NABARD by six times from 50 billion to Rs 300 billion to help it increase its lending to the rural economy.
  •  Shares of private lender Kotak Mahindra Bank Ltd beat India’s largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country. Data from BSE showed that Kotak Mahindra Bank has a market capitalization of Rs2,22,560.69 crore after its shares rose 1.7%.SBI market capitalization stood at Rs2,22,043.74 crore
  •  The World Bank has projected a growth rate of 7.3% for India this year and 7.5% for 2019 and 2020. The bank also noted that Indian economy has recovered from the effects of demonetisation and the Goods and Services Tax.
  • Kolkata-based Bandhan Bank Ltd became one of the top 50 most valuable publicly traded firms in India. The market capitalization of Bandhan Bank was at Rs64,000 crore, claiming 50th rank, according to BSE data. Tata Consultancy Services Ltd is the most valuable company in India, followed by Reliance Industries Ltd and HDFC Bank Ltd.
  • Yes Bank has announced the launch of ‘Yes GST’, an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this, an MSME can avail OD up to Rs 1 crore, based on their annual turnover, backed by GST returns.
  • The International Monetary Fund (IMF) has stated that India is expected to grow at 7.4% in 2018 and 7.8% in 2019 and would re-emerge as one of the fastest growing major economies in the period.
  • The country’s biggest lender, State Bank of India (SBI) has come up with an alternate and convenient method of cash withdrawal for its customers. The bank is now providing facilities of cash through ‘[email protected]’ initiative.  Under this, the debit card holders of SBI and all other banks can withdraw cash from PoS machines installed by SBI across various merchant locations.  A customer can withdraw Rs 1000 in Tier I and Tier II cities whereas Rs 2000 can be withdrawn in Tier 3 to Tier 6 cities per day per card. 
  •  National Bank for Agriculture and Rural Development (NABARD) has extended total credit support of Rs 14,690 crore to Rajasthan for 2017-18. Rajasthan has been one of the biggest beneficiaries under the Rural Infrastructure Development Fund (RIDF) of NABARD.
  • According to the TRA Brand Trust Report 2018, the State Bank of India was the most-trusted bank (both public and private sector) in the country and ICICI Bank topped the chart among the private ones.  The leader among the private banks is ICICI Bank, rising nine ranks in overall ranking, it ranked 38th overall in 2018.
  • Private sector lender Yes Bank has received the Reserve Bank of India’s (RBI) approval to open two representative offices in London and Singapore.
  • The Reserve Bank of India has revised "Know Your Customer" or the KYC guidelines. The KYC norms have been revised following the government's decision to update the 'Prevention of Money Laundering' rules in June 2017. The RBI made linking of national biometric ID Aadhaar to bank accounts mandatory. However, it said this will be subject to the final decision of the Supreme Court on making of Aadhaar mandatory
  • Indian Overseas Bank (IOB) entered into an agreement for information utility services with the National E-Governance Services Limited (NeSL)With this agreement, the IOB branches will be able to provide high-quality, authenticated information about debts and defaults; which will have more transparency in maintaining the list of borrowers, debtors, creditors and loan defaulters.
  • India is poised to remain the fastest growing large economy in the world, and its GDP is expected to reach $5 trillion by 2025, Economic Affairs Secretary Subhash Chandra Garg has told the World Bank in the 97th meeting of the Development Committee of the World Bank in Washington, USA.
  • Tata Consultancy Services has created the history as the market capitalisation of the company has hit the 100 billion dollar mark, making it the first Indian IT company to achieve the mark. TCS shares rose by 2% to Rs. 3476.75, pushing the market capitalisation of India's biggest outsourcer to Rs. 6,64,918 crore.
  • State-run Bank of India (BoI) has entered into an agreement with National E-Governance Services (NeSL) for information utility (IU) arrangement under the Insolvency and Bankruptcy Code (IBC).As per the agreement, BoI will avail NeSL service to expedite corporate insolvency resolution process.
  •  Paytm Payments Bank now has over 100 million KYC wallets, against the constant campaigning done by the bank about the benefits of the Know Your Customer (KYC) system.
  •  The Asian Development Bank (ADB) has agreed in principle to give an aid of 1,700 crore rupees to Uttarakhand for infrastructure development and creation of sewerage treatment facilities in urban areas.
  • National Stock Exchange of India (NSE) has announced the launch of its "e - Gsec" platform for facilitating the non-competitive bidding in Government of India Dated Securities (G-Sec) and Treasury Bills (T-Bills). This will allow retail investors to invest in Government Securities and hold them in existing demat accounts.
  • According to the Development bank NABARD, it has provided an assistance of Rs 10,012 crore to Uttar Pradesh during 2017-18 to facilitate overall development with special focus on agricultural credit.
  • One97 Communications Limited, the owner of digital payment major, Paytm, announced the launch of its offline payments solution - the Paytm Tap Card, in line with the company's vision to provide seamless payments solutions for non-internet customers. This card uses Near Field Communication (NFC) technology to enable safe and convenient digital payments, completely offline at Paytm-issued, NFC PoS terminals, in under a second.
  • HDFC Bank launched IRA 2.0, its interactive humanoid at the Koramangala Branch in Bengaluru. The interactive humanoid in its advance version is aimed to enhance user experience for customers visiting in the branch.