Sanjay Shukla Takes Over as Managing Director of National Housing Bank In a recent development within India’s financial sector, Sanjay Shukla has been appointed as the new Managing Director (MD) of the National Housing Bank (NHB). This significant move is expected to have far-reaching implications for the housing finance sector in India. Shukla’s appointment is…
RBI Imposes Business Restrictions on Edelweiss Group Overview of RBI’s Action The Reserve Bank of India (RBI) has imposed significant business restrictions on Edelweiss Group’s lending and asset reconstruction entities. This move aims to address concerns related to loan manipulation and structured transactions that allegedly circumvented regulatory norms. Edelweiss Asset Reconstruction Company Ltd (EARCL) and…
LIC Approves Acquisition of 10% Stake in NHB-promoted Company The Life Insurance Corporation of India (LIC) has recently granted approval for the acquisition of a 10% stake in a National Housing Bank (NHB)-promoted company. This move holds significant implications for aspirants preparing for government exams, especially those targeting positions in the financial sector. Why this…
