The Reserve Bank of India (RBI) has granted three additional months to banks and Non-Banking Financial Companies (NBFCs) up till 1st April, 2024, for executing […]
Category: BFSI
Government appoints Arvind Panagariya as new Chairman for Finance Commission
The government of India has appointed Dr Arvind Panagariya, former Vice-Chairman, NITI Aayog, and Professor, Columbia University as the new Chairman for the 16th Finance […]
UGRO capital reappoints Rajni Khurana as CPO
UGRO Capital has re-appointed Rajni Khurana as the Chief People Officer (CPO). She holds over two decades of experience in global Human Resources (HR) management […]
RBI Deputy Governor notes underutilisation of IT budget by Indian banks
The Reserve Bank of India (RBI) Deputy Governor Swaminathan Janakiraman stated yesterday that Indian commercial banks are not using their whole IT budget, citing recent […]
RBI releases report on “Trend and Progress of Banking in India 2022-23″
The Reserve Bank of India (RBI) has released the report on “Trend and Progress of Banking in India 2022-23, showing the performance of the banking […]
RBI approves CS Rajan’s appointment as Kotak Mahindra Bank’s part-time Chairman
The Reserve Bank of India (RBI) yesterday approved CS Rajan’s appointment as the part-time Chairman for Kotak Mahindra Bank for a period of two years. […]
CCI approves acquisition stakes in Reliance Capital by IndusInd International
The Competition Commission of India (CCI) has approved the acquisition of the control/stake in Reliance Capital by IndusInd International Holdings. In a statement released yesterday, […]
RBI proposes to bring foreign correspondents
The Reserve Bank of India (RBI) has proposed to bring a new category of money changers, to be called foreign correspondents, who would conduct the […]
BoB raises Rs 2,500 crore via issuance of Basel III compliant tier-II bonds
Bank of Baroda has raised Rs 2,500 crore recently through the issuance of Basel III Compliant Tier II Bonds Series XXV. The bank received a […]
RBI introduces Card-on-File Tokenisation (CoFT) via banks
The Reserve Ban k of India (RBI) has introduced Card-on-File Tokenisation (CoFT) facility through banks. A recent circular from RBI read, “It has been […]