RBI to Directly Regulate Entities Facilitating Cross-Border Payment Transactions The Reserve Bank of India (RBI) recently made a significant announcement that is set to have far-reaching implications for the financial sector in India. In a bold move, the RBI has decided to directly regulate entities facilitating cross-border payment transactions. This move marks a pivotal shift…
RBI to Impose ₹10,000 Daily Fine for Credit Bureaus Failing to Resolve Complaints in 30 Days In a significant move to protect the interests of consumers and enhance the accountability of credit bureaus, the Reserve Bank of India (RBI) has recently announced a crucial regulatory change. The central bank has introduced a penalty mechanism, wherein…
Bad Banks Chairman Karnam Sekar Resigns After Proposal to Merge with IDRCL In a recent development that has sent ripples through the financial sector, the Chairman of the Bad Banks, Mr. Karnam Sekar, has tendered his resignation following a contentious proposal to merge the Bad Banks with the Infrastructure Development and Finance Company Ltd. (IDRCL)….
Bajaj Auto’s Subsidiary Gets RBI Nod for NBFC Operations Bajaj Auto, one of India’s leading automobile manufacturers, has recently received a significant approval from the Reserve Bank of India (RBI) for its subsidiary’s Non-Banking Financial Company (NBFC) operations. This development carries substantial importance for aspirants preparing for government exams, including positions in teaching, police, banking,…
Centre Appoints R. Doraiswamy as LIC Managing Director The recent appointment of R. Doraiswamy as the Managing Director of Life Insurance Corporation of India (LIC) marks a significant development in the financial sector of the country. This decision has far-reaching implications, not only for the insurance industry but also for aspirants preparing for various government…
SBI Appoints Abhijit Chakravorty as SBI Cards CEO In a significant move, the State Bank of India (SBI) has appointed Abhijit Chakravorty as the Chief Executive Officer (CEO) of SBI Cards. This decision comes as a strategic step to further strengthen the position of SBI Cards, one of the leading credit card issuers in India….
Chartered Accountants Day 2023 Celebrations Chartered Accountants Day is an important event celebrated annually on July 1st to recognize and honor the contribution of chartered accountants in the financial sector. This day holds significance for students preparing for government exams, including positions such as teachers, police officers, banking, railways, defence, and civil service positions like…
Anantharaman Appointed as the New Chairman of TransUnion CIBIL In a significant development, Mr. Rajesh Anantharaman has been appointed as the new Chairman of TransUnion CIBIL, a leading credit information company in India. This appointment comes as a crucial move for the organization, given its importance in the financial sector. In this article, we will…
FSIB Announces New Leadership for GIC RE and NIC New Leadership for GIC RE | In a significant development, the Financial Stability and Insurance Board (FSIB) has recently announced new leadership appointments for two crucial organizations, namely GIC Re and NIC. This move holds great importance in the context of government exams, especially for positions…
RBI’s Annual Report 2022-2023 The Reserve Bank of India (RBI) recently released its Annual Report for the fiscal year 2022-2023. This report provides valuable insights into the state of the Indian economy and the various measures undertaken by the central bank to ensure stability and growth. In this article, we will delve into the key…
