RBI Adds 19 More Entities to its Unauthorized Forex Trading Platforms The Reserve Bank of India (RBI) recently expanded its scope of unauthorized forex trading platforms by adding 19 more entities to the list. This move comes as part of RBI’s ongoing efforts to curb unauthorized forex trading activities in the country. The entities added…
HDFC Bank Appoints Former NABARD Chairman Harsh Kumar Bhanwala as Director In a significant move, HDFC Bank, one of India’s leading private sector banks, has appointed Harsh Kumar Bhanwala, the former Chairman of NABARD (National Bank for Agriculture and Rural Development), as its Director. This strategic decision by HDFC Bank’s board of directors marks a…
RBI Extends Payments Infrastructure Scheme by 2 Years till Dec 2025; Expands Scope The Reserve Bank of India (RBI) has recently announced a significant extension and broadening of the Payments Infrastructure Development Fund (PIDF) scheme until December 2025. The PIDF, initially introduced in January 2019, aimed to encourage deployment of payment infrastructure in underserved areas….
RBI Takes Action Against Abhyudaya Cooperative Bank’s Governance Issues The Reserve Bank of India (RBI) has recently taken stringent actions against the Abhyudaya Cooperative Bank due to governance issues that have raised concerns among stakeholders. This move by the RBI comes as a response to lapses in the bank’s governance and management, which have prompted…
Former RBI Governor S. Venkitaramanan Passes Away at 92 S. Venkitaramanan, the 19th Governor of the Reserve Bank of India (RBI), breathed his last at the age of 92. His demise marks the end of an era in the banking sector, leaving a profound impact on India’s monetary policies and economic landscape. Born in 1929,…
RBI Imposes Monetary Penalty on Four Co-operative Banks & 1 HFC The Reserve Bank of India (RBI) recently imposed monetary penalties on four cooperative banks and one housing finance company. This development has significant implications for various government exams, including those aspiring for positions in teaching, police, banking, railways, defense, and civil services, such as…
RBI Imposed Monetary Penalties on Yet Another Three Co-operative Banks The Reserve Bank of India (RBI) continues its efforts to maintain the stability and integrity of the Indian banking sector. In its latest move, the RBI imposed monetary penalties on three co-operative banks for various regulatory violations. This development has significant implications for candidates preparing…
RBI Deputy Governor M. Rajeshwar Rao Gets One-Year Term Extension In a significant development in the banking sector, the Reserve Bank of India (RBI) has recently extended the term of Deputy Governor M. Rajeshwar Rao by one year. This move has garnered attention and holds relevance for aspirants preparing for various government exams, including those…
HDFC Bank’s CEO Aditya Jagdishan Granted 3-Year Extension In a significant development in the banking sector, Aditya Jagdishan, the Chief Executive Officer (CEO) of HDFC Bank, has been granted a three-year extension in his role. This news has generated considerable interest not only in the financial sector but also among aspirants preparing for various government…
Bandhan Bank Authorized by RBI for Civil Pension Disbursement The Reserve Bank of India (RBI) has recently authorized Bandhan Bank for the disbursement of civil pensions. This development marks a significant milestone for Bandhan Bank and is of great importance for candidates preparing for various government exams, including those aiming for positions in the civil…
