Government pay pension hike approved for PSGICs, NABARD, and RBI employees and retirees. Key updates on salary revision, pension increase, and family pension rates explained for exam preparation. Government Clears Pay and Pension Hike for Insurance Staff, NABARD and RBI Retirees Introduction: Major Government Decision on Wage and Pension Revision The Central Government of India…
IIFL Finance Appoints B. P. Kanungo as Chairman, enhancing governance and strategic oversight in India’s NBFC sector. Key news for banking and civil service exams. IIFL Finance Appoints Former RBI Deputy Governor B. P. Kanungo as Chairman – A Strategic Leadership Move IIFL Finance Elevates B. P. Kanungo to Chairperson of the Board IIFL Finance…
Vishakha Mulye appointed as MD & CEO of Aditya Birla Capital in 2025, leading ABCL’s One ABC, One P&L strategy, digital finance platforms, and capital expansion initiatives. Vishakha Mulye Appointed MD & CEO of Aditya Birla Capital for Five-Year Term Strategic Leadership Shift at Aditya Birla Capital On September 1, 2025, Aditya Birla Capital (ABCL)…
RBI Penalizes Central Bank of India and Sonali Bank PLC for Violations The Reserve Bank of India (RBI) recently imposed penalties on Central Bank of India and Sonali Bank PLC for regulatory violations. This action underscores the central bank’s commitment to maintaining discipline and adherence to financial regulations in the banking sector. Penalties Imposed Central…
Prem Prabhakar Appointed MD and CEO of SBICAP Ventures Limited New Leadership at SBICAP Ventures Prem Prabhakar has been appointed as the Managing Director and Chief Executive Officer of SBICAP Ventures Limited (SVL). This significant appointment marks a new chapter for SVL, a wholly-owned subsidiary of SBI Capital Markets Limited, which is in turn a…
Scheme of Amalgamation Announced by Aditya Birla Capital and Aditya Birla Finance for the Creation of a Large NBFC In the ever-evolving landscape of the financial sector, Aditya Birla Capital and Aditya Birla Finance have recently unveiled a groundbreaking scheme of amalgamation. This strategic move aims to foster the development of a robust Non-Banking Financial…
RBI Approves HDFC Bank’s 90% Stake Sale in HDFC Credila The Reserve Bank of India (RBI) has given its nod to HDFC Bank’s proposal to acquire a 90% stake in HDFC Credila Financial Services Pvt Ltd. This move marks a significant development in the financial sector and underscores the growing importance of strategic acquisitions in…
LIC Acquires 6.7% Stake in Jio Financial Services via RIL De-merger Action The financial world is witnessing a significant development as the Life Insurance Corporation of India (LIC) has acquired a substantial 6.7% stake in Jio Financial Services. This strategic move comes as a result of the Reliance Industries Limited (RIL) de-merger action. In this…
