Digital Banking Unit's (DBUs)

RBI has permitted Scheduled Commercial Banks to open Digital Banking Unit's (DBUs) in Tier I to Tier VI centers. 

Union Budget announcement for FY 2022-23 for the setting up of 75 DBUs in 75 Districts to mark 75 years of India's Independence. 

A DBU is a special fixed point Business Units / hub / Business Outlets with minimum digital infrastructure for delivering digital banking products and services to improve digital banking strategy of Banks. 

Products offered by DBU should cover assest and liability side in Balance sheet. 

Liability side coverage by account opening, Digital Banking kits for customers and merchants. 

Assest side to enable making applications for onboarding new retail, MSME and Government sponsored schemes covered under national portal. 

Services to allow cash withdrawal and cash deposit thru ATMs and cash deposit machine. Passbook printing, statement generation, internet banking kiosk, transfer of funds and updation of KYC/V-CHIP (Video KYC) etc... 

India's Growth Projection

ADB projects India FY 2022-2023 growth at 7.5%.

Inflation rate at 5.8 in FY 2022-2023.

Grammy 2022 - Best children's album

Falguni 'Falu' Shah won Grammy Award 2022 for "A Colourful World" in the "best children's album" category. 

Knowledge Quest 4

1) IRDAI has recently extended the validity of two Corona-specific policies - Corona Kavach and Corona Rakshak - till March 2022.

2) Sebi Chairmen - Ajay Tyagi

3) NFRA - National financial reporting authority. 

Grammy 2022 - Best New Age Album

Rickey Kej won Grammy Award for the second time with Stewart Copeland. He got the Grammy Award 2022 for category "Best New Age Album" for "Divine Tides".

Rickey Kej won first Grammy in 2015 for same category album "Winds of samsara".