Justice Dinesh Kumar Appointed as the SAT Presiding Officer Introduction: The Securities Appellate Tribunal (SAT) witnesses a significant development as Justice Dinesh Kumar takes the helm as its Presiding Officer. His appointment marks a crucial moment in the regulatory landscape of India’s financial markets. Let’s delve into the details of this appointment and its implications….
SEBI Names G. Ram Mohan Rao as Executive Director for 3 Years The Securities and Exchange Board of India (SEBI) has recently appointed G. Ram Mohan Rao as its Executive Director for a tenure of three years. This significant decision was made to reinforce the regulatory body’s expertise and fortify its governance structure. Rao, an…
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…
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…
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…
FATF Removes Cayman Islands from Its Grey List In a significant development for financial regulation, the Cayman Islands have been removed from the Financial Action Task Force’s (FATF) grey list. This decision carries far-reaching implications for the global financial sector, and it is essential for aspirants preparing for government exams, including positions in teaching, police,…
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…
