ICICI Bank Secures RBI Nod for Sandeep Batra’s Re-appointment as Executive Director ICICI Bank recently received the coveted approval from the Reserve Bank of India (RBI) for the re-appointment of Sandeep Batra as its Executive Director. This strategic move reaffirms the bank’s commitment to maintaining leadership continuity and leveraging Batra’s wealth of experience. Batra, with…
Proposed RBI Framework for Self-Regulatory Organizations (SROs) in Banking and NBFCs The Reserve Bank of India (RBI) has recently introduced a draft framework aimed at establishing Self-Regulatory Organizations (SROs) within the realms of banking and Non-Banking Financial Companies (NBFCs). This innovative move seeks to empower industry participants to regulate themselves under RBI oversight, fostering better…
Challenges for Banks Exiting AIF Units: Limited Options in Absence of Secondary Market Exiting Alternative Investment Funds (AIFs) presents a significant challenge for banks due to the limited avenues available in the absence of a robust secondary market. AIF units, primarily investments made by banks in various AIFs, pose intricate hurdles during divestment. This challenge…
IDFC First Bank, LIC Cards, and Mastercard Introduce Exclusive Co-Branded Credit Card The financial landscape in India continues to evolve with strategic collaborations and innovative offerings. In a recent development, IDFC First Bank, in partnership with LIC Cards and Mastercard, has introduced a distinctive co-branded credit card. This collaboration aims to provide customers with enhanced…
RBI Grants Authorization to Bandhan Bank for Pension Disbursement to Retired Railway Employees The Reserve Bank of India (RBI) has recently granted Bandhan Bank the authorization to facilitate pension disbursement to retired railway employees. This development marks a significant milestone for Bandhan Bank as it expands its services to support retired individuals associated with the…
SBI’s Acquisition of 20% Stake in SBI Pension Fund State Bank of India (SBI), one of the leading public sector banks in India, has recently made headlines with its decision to acquire a significant 20% stake in the SBI Pension Fund Pvt Ltd. This move comes as part of SBI’s strategic expansion and diversification efforts…
IndusInd Bank Launches IndusInd Bank Platinum RuPay Credit Card on UPI IndusInd Bank recently introduced its latest offering, the IndusInd Bank Platinum RuPay Credit Card on the Unified Payments Interface (UPI) platform. This initiative aims to revolutionize digital payments by leveraging the convenience of UPI along with the benefits of a credit card. This innovative…
Centre Extends SBI Chairman Dinesh Khara’s Tenure Until August 2024 In recent news, the Central Government has announced the extension of State Bank of India (SBI) Chairman Dinesh Khara’s tenure until August 2024. This decision holds significant implications for the banking sector and is especially crucial for aspirants preparing for various government exams, including those…
RBI Forms External Working Group on Expected Credit Loss Framework The Reserve Bank of India (RBI) recently established an External Working Group to deliberate upon the Expected Credit Loss (ECL) framework. This move by the central bank holds significant importance for aspirants preparing for various government exams, including positions in banking, as it reflects the…
RBI Revealed Its Fourth Bi-Monthly Monetary Policy The Reserve Bank of India (RBI) recently announced its Fourth Bi-Monthly Monetary Policy, which holds significant importance for various government exams, including those for positions in the banking sector, civil services like IAS, and more. In this article, we will delve into the key highlights of this policy…
