HDFC Bank named Best Private Bank in India at the Global Private Banking Awards 2021.

  • HDFC Bank has bagged the Best Private Bank in India award at the Global Private Banking Awards 2021 organized by Professional Wealth Management (PWM).
  • PWM is a magazine published by the Financial Times, the world's leading global business publication.
  • PWM specializes in analyzing the growth strategies of private banks and regional financial centers in which they operate.

NIRAMAI & InnAccel Receives Global Women Health Tech Awards.

  • DBT-BIRAC backed start-ups, NIRAMAI Health Analytix Pvt Ltd, and InnAccel Technologies Pvt Ltd have received the Global Women's Health Tech Awards from the World Bank Group and Consumer Technology Association.
  • The award recognizes innovative startups that leverage technology to improve women's health and safety.
  • NIRAMAI Health Analytix was selected for early stage breast cancer therapy device.
  • Accel was chosen for Fetal Lite, an AI-powered fetal heart rate (FHR) monitor.

Paytm Payments Bank becomes the most preferred UPI beneficiary bank in India.

  • Paytm Payments Bank Limited (PPBL) has become the largest and fastest growing UPI beneficiary bank in India.
  • It has become the first beneficiary bank in the country to achieve the milestone of over 926 million UPI transactions in a month.
  • The beneficiary bank is the account holder's bank who is receiving the money.
  • Paytm Payments Bank has rapidly gained traction as a remittance bank for UPI payments.

20th Dhaka International Film Festival begins 2022.

  • The 20th Dhaka International Film Festival is starting in Dhaka, Bangladesh.
  • The festival will showcase 225 films from 70 countries under 10 categories and will be screened at various locations in Dhaka between January 15-23.
  • The film festival is being organized in a hybrid mode, with multiple films being streamed online during the festival.
  • DIFF will organize the 8th edition of the Women in Cinema international convention as well as the 4th edition of the West Meets East Screenplay Lab during the festival.

India's forex reserves fall by $878 million to $632.7 billion: RBI data.

  • India's foreign exchange reserves declined by $878 million to USD 632.736 billion in the week ended January 7, 2022, according to weekly data from the Reserve Bank of India (RBI).
  • In the previous week ended December 31, India's reserves fell from $1.466 billion to $633.614 billion.
  • The decline was mainly due to fall in gold reserves and foreign currency assets (FCA).
  • In the reporting week, FCAs decreased by $497 million to $569.392 billion.
  • Gold reserves declined by $360 million to $39.044 billion.
  • The special drawing rights (SDRs) with the International Monetary Fund (IMF) fell by $16 million to $19.098 billion.
  • India’s reserve position with the IMF dipped by $5 million to $5.202 billion.

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