• The Reserve bank of India (RBI) has approved merger of 13 District Co-operative Banks (DCBs) of Kerala with the Kerala State Co-operative Bank to form ‘Kerala Bank’.

• NSE Indices has launched a quality-factor based smart-beta mid-cap index called Nifty Midcap150 Quality 50. The Nifty Midcap150 Quality 50 index includes the top 50 companies from its parent Nifty Midcap 150 index, selected based on their 'quality' scores.

On 4 November, 2019, Atal Innovation Mission (AIM), NITI Aayog and United Nations Development Programme (UNDP) India launched Youth Co:Lab which aims at accelerating social entrepreneurship and innovation in young India by recognizing young people as drivers of sustainable development.

• It is a youth lab programme through which young entrepreneurs and innovators will get a chance to connect with governments, mentors, incubators and investors, who will help equip them with entrepreneurial skills.
• The initiative will convene social innovation challenges at the national and sub-national level, which will invite young people in the age group of 18-29 years and start-ups to showcase their proposed ideas and solutions to tackle some of the region’s biggest social challenges.
• It will also convene a series of youth dialogues across several cities such as New Delhi, Hyderabad, Bangalore and Mumbai to promote entrepreneurship across India.
• Aspiring entrepreneurs or nascent entrepreneurs (with less than three years of experience) can submit their ideas at Lab’s website. Selected applicants will be invited for a national innovation challenge, where each winning start-up will get an opportunity to incubate and strengthen their ideas at the Atal Incubation Centres.
• The first phase of Youth Co:Lab will focus on six SDGs:
  • SDG 5 (Gender Equality)
  • SDG 6 (Clean Water and Sanitation)
  • SDG 7 (Affordable and Clean Energy)
  • SDG 8 (Decent Work and Economic Growth)
  • SDG 12 (Sustainable Consumption and Production)
  • SDG 13 (Climate Action)
• It was co-created in 2017 by UNDP and the Citi Foundation and is operational in 25 countries across the Asia Pacific region.

• The Ministry of Commerce & Industry through Export Credit Guarantee Corporation (ECGC) has introduced a new Export Credit Insurance Scheme (ECIS) called NIRVIK to enhance loan availability and ease the lending process.
• Enhanced cover will ensure that Foreign and Rupee export credit interest rates will be below 4% and 8% respectively for exporters.
• Under ECIS, insurance cover percentage has also been enhanced to 90% from the present average of 60% for both Principal and Interest.

• The Ministry of Corporate Affairs has constituted an 11-member company law committee to analyze and examine the decriminalization of certain offences under the Companies Act, 2013, improving corporate compliance and other steps to improve the ease of doing business for law-abiding citizens.
• It is chaired by Corporate Affairs Secretary Injeti Srinivas

• India's real-time money transfer platform IMPS (Immediate Payment Service) has been rated the best global payments innovation by US-based research firm FIS (Fidelity National Information Services).
• In its fifth annual Flavors of Fast report, FIS identified 40 active real-time payment programs around the world.