• Allahabad Bank and SBI Life Insurance came together and signed a bancassurance pact, to offer a holistic financial planning solution to consumers.  This will empower the consumer to address their complete financial needs under one roof. The tie-up, one of the largest Bancassurance partnerships in the country.
  • The government has infused 10,882 crore Rupees in four public sector banks, including UCO Bank and Syndicate BankUCO Bank has received 3,074 crore rupees in the equity. Besides, Bank of Maharashtra got 4,498 crore rupees, Syndicate Bank 1,632 crore rupees and Central Bank of India received 1,678 crore rupees.
  • RBI has allowed Paytm Payments Bank to restart opening new accounts for its consumers after almost six months of the ban.
  •  Reserve Bank allowed a one-time restructuring of existing debt up to Rs 25 crore for the companies which have defaulted on payment but the loans given to them have continued to be classified as standard assets. The decision will help the MSMEs which are facing a cash crunch in the wake of demonetization and GST implementation.
  •  In its ‘Growth Outlook for 2019’, Confederation of Indian Industry (CII) stated that the GDP growth will be in the range of 7.5% in 2019.
  • ESAF Small Finance Bank received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank
  • Singareni Collieries Company Limited (SCCL), a public sector miner, launched the social media wall on the YouTube Channel Singareni Siren, Facebook application, Instagram and Twitter handles, all at one place. It aims at bringing together all the social media applications introduced to disseminate information on the developments. 
  •  The Reserve Bank of India (RBI) set up an expert committee under former Sebi chairman U.K. Sinha to suggest long-term solutions for the economic and financial sustainability of the MSME sector.
  • The number of complaints registered at banking ombudsman offices have seen a 25% increase in the fiscal year 2018, with the majority of these complaints coming from urban centres owing to increased awareness and poor internal redressal mechanisms of banks.
  •  HDFC Mutual Fund has pipped ICICI Prudential MF to become the country's largest asset management company after a gap of over two years.
  • Syndicate Bank and SBI Life Insurance signed a bancassurance pact aiming to offer a comprehensive financial planning solution to its customers.Through the pact, Syndicate Bank will provide penetration in the market with its 3,000 branches and SBI Life’s diverse range of protection, wealth creation and savings insurance products will be brought to the table to the customers.
  • Markets regulator Securities and Exchange Board of India (SEBI) has allowed custodial services in the commodity derivatives market. The move is aimed at enabling the participation of institutional investors such as mutual funds and portfolio managers in the commodity derivatives market.
  • The National Green Tribunal has imposed a fine of 100 crore rupees on Meghalaya government for its failure to curb illegal coal mining in the state.The amount of the fine has to be deposited with the Central Pollution Control Boardwithin two months. 
  • ICICI Bank, in a first-of-its-kind programme, signed a Memorandum of Understanding (MoU) with Small Business FinCredit India Pvt. Ltd. (SBFC), a systemically important Non-Banking Finance Company for entrepreneurs, to jointly provide credit worth up to Rs 1 croreto MSMEs for a tenure of 15 years.
  • Odisha Chief Minister Naveen Patnaik announced interest-free loans of up to Rs. 3 lakhfor women self-help groups (WSHGs) in the state. There are around six lakh WSHGs in Odisha. The initiative will benefit about 70 lakh women. Mr. Patnaik launched a scheme to distribute Rs. 15,000 seed money per group to three lakh new self-help groups. The chief minister announced incentives of Rs. 500 per month for Anganwadi workers and Rs. 200 for helpers.
  • The government has amalgamated three Regional Rural Banks Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank - into a single RRB.
  • Releasing the first advance estimates of National Income for 2018-19, Central Statistics Office (CSO) stated that the growth in GDP during 2018-19 is estimated at 7.2%.
  • RBI has constituted a High-Level Committee on Deepening of Digital Payments to encourage digitisation of payments and enhance financial inclusion.It will be headed by Nandan Nilekani. It will review the existing status of digitisation of payments and suggest ways to bridge any gaps in the ecosystem.
  • To ensure easier availability of FASTags, Indian Highways Management Company Ltd. (IHMCL), a company promoted by NHAI, has signed MoUs with state-run Oil Marketing Companies (IOCL, BPC, and HPC)It will ensure availability of FASTags at petroleum outlets across India.
  •  India’s GDP is expected to grow at 7.3% in the fiscal year 2018-19, and 7.5% in the following two years, the World Bank has forecast, attributing it to an upswing in consumption and investment.
  • SEBI has constituted a "Research Advisory" committee which will assist in formulating policy to undertake research relevant for development and regulation of capital markets.
    the committee would comprise prominent financial economists and market practitioners & to maintain databases relevant for capital market regulation research. It will be headed by Sankar De.
  • Union Minister Nitin Gadkari has announced that India has allowed an Iranian bank, Pasargad Bank, to open a branch in Mumbai. India’s UCO Bank will open a branch in Iran. 
  •  Indian Railway Catering and Tourism Corporation (IRCTC), the Railways’ subsidiary, will offer insurance of up to INR50 lakh for free for air passengers who book their tickets through its portal. IRCTC has tied up with Bharti-Axa for the offer. IRCTC’s service charge of INR59 is the cheapest compared with travel websites.
  • The 32nd Meeting of GST Council was concluded in New Delhi. The Limit of annual turnover for composition scheme increased to 1.5 crore rupees effective from April 1, 2019.
    ii. The Council has decided to increase the GST registration threshold limit to 40 lakh rupees from 20 lakh. The Taxpayers who are giving Services of up to Rs 50 lacs per annum will be taxed under 6% under Composition Scheme.
  • Reliance Industries Ltd Chairman and managing director Mukesh Ambani announced that group companies Reliance Retail and Reliance Jio Infocomm would jointly launch a new e-commerce platform in the country. Gujarat would be the first state to get it. The announcement was made at the inauguration of the three-day Vibrant Gujarat summit. 
  •  India Ratings and Research (Ind-Ra), a Fitch Group Company, estimated India's GDP growth could touch 7.5 % in the financial year 2019-20 as against 7.2 % during current fiscal i.e. 2018-19.
  • HDFC Standard Life Insurance has changed its name to HDFC Life Insurance.The change in name is effective right off the bat and the company will henceforth operate under the name HDFC Life Insurance Company Ltd.
  • The Insolvency and Bankruptcy Board of India (IBBI) has set up an 11-member working group under the Chairmanship of former SEBI chief UK Sinha to go into the concept of ‘Group Insolvency’ and suggest a suitable framework  to submit a report within two months recommending a complete regulatory framework to facilitate insolvency resolution and liquidation of corporate debtors in a Group.
  • Dell, as a part of its three-city PolicyHack series, hosted an interactive hackathon, where teachers focused on their learning journey in New Delhi. The initiative allows the teaching fraternity to come up with solutions for problems faced by teachers inside and outside the classroom.
  • Microsoft India has launched a new e-commerce platform re-weave.in for handloom weavers under its Project ReWeave, part of its philanthropic initiatives.
    This e-commerce platform will help connect artisans to buyers directly, enabling them to expand to newer customers and markets.
  • Social media giant Facebook announced that it will create an independent Institute for Ethics in Artificial intelligence (AI) with an initial investment of $7.5 million over a period of five years. 
  • India’s largest telecom operator by subscriber base Vodafone Idea announced that its board had approved a rights issue of Rs25,000 crore to existing eligible equity shareholders in line with the recommendations of a capital raising committee it had set up in November 2018.
  • With robust private consumption and 7.4% GDP growth rate in the current fiscal, the Indian economy is expected to accelerate at a rate of 7.6% in 2019-20, according to a report by  United Nations' World Economic Situation and Prospects (WESP) 2019. 
  • The Indian Institute of Technology (IIT), Ropar, has developed an app Roshni that would help the Visually Impaired to recognise currency notes. The app can recognise both old and new notes and gives audio information as to which note you are holding in your hands. This app was launched in Chandigarh. Roshni is the first Android app, which recognise INR currency notes. 
  • SBI Card and Etihad Guest, the loyalty programme of Etihad Airways, have joined hands to launch a travel-specific Visa credit card for members and Indian travellers. This is the first international co-brand partnership of SBI Card, the country's second-largest credit card issuer. The card will be available in two variants, Etihad Guest SBI Card and Etihad Guest SBI Premier Card, will bring an unmatched value proposition to Etihad Guest members and international travellers from India.
  • RBI has stated that it will inject Rs 37,500 crore into the system through the purchase of government securities in February to increase liquidity. RBI stated that it has decided to conduct the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 375 billion in the month of February 2019.
  • RBI has released a data on “Census on Foreign Liabilities and Assets of Indian Direct Investment Companies, 2017-18” which shows that the Foreign Direct Investment (FDI) has increased 18% to Rs. 28.25 lakh crore in FY18.
  • Employees’ Provident Fund Organisation has notified three new committees on FinanceInvestment and Audit Committee (FIAC), the Pension and EDLI Implementation Committee (PEIC) and the Exempted Establishments’ Committee (EEC).