Banking News India:15 September 2023

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IDBI Junior Assistant Managers Recruitment

  • IDBI Bank started recruiting Junior Assistant Managers on September 15, with applications closing on September 30.
  • 600 vacancies are available, and the exam is held on October 20, 2023.
  • Apply online at if you’re eligible and interested.

World Bank to fund Odisha to boost social protection, disaster resilience

  • Meeting held on EAP-OSCRGP between Odisha government and World Bank.
  • Project cost: Rs 1,183 crore (World Bank), Rs 367 crore (state government).
  • The state cabinet approved the project in December 2022.
  • OSCRGP is effective from August 11, 2023.
  • Aims to protect vulnerable households from economic and climate shocks.
  • Focus on disaster risk management and digital data utilization.
  • Components include a social protection platform, data policy, and resilience strengthening.

RBI Data: India’s forex reserves hits 11-week low

  • India’s forex reserves dropped to $593.90 billion on September 8, an 11-week low.
  • This marked a $5 billion decrease from the previous week.
  • In the prior week, reserves had increased by $4 billion.
  • The forex kitty had reached a record high of $645 billion in October 2021.
  • The decrease was due to RBI using reserves to protect the rupee from global pressures.



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