Bad Banks Chairman Karnam Sekar Resigns After Proposal to Merge with IDRCL In a recent development that has sent ripples through the financial sector, the Chairman of the Bad Banks, Mr. Karnam Sekar, has tendered his resignation following a contentious proposal to merge the Bad Banks with the Infrastructure Development and Finance Company Ltd. (IDRCL)….
PR Seshadri Appointed New MD & CEO of South Indian Bank PR Seshadri has been appointed as the new Managing Director and Chief Executive Officer of South Indian Bank. This appointment marks a significant development in the banking sector, particularly for those aspiring to work in the banking industry or appear for government exams. Why…
RBI Introduces Reforms for Transparent Home Loan EMIs In a significant move aimed at enhancing transparency and customer protection, the Reserve Bank of India (RBI) has introduced a series of reforms pertaining to home loan Equated Monthly Installments (EMIs). These reforms are set to bring about a positive impact on various sectors, including those for…
UPI Transactions Reach Record High of Rs. 14.3 Trillion in May 2023 The world of digital transactions witnessed a remarkable milestone in May 2023 as Unified Payments Interface (UPI) transactions in India soared to an all-time high. According to recent reports, UPI transactions reached an unprecedented record of Rs. 14.3 trillion during this period, showcasing…
