SBI Card Surpasses 20 Million Credit Cards Milestone Introduction to the AchievementState Bank of India (SBI) Card, a prominent player in India’s credit card market, has achieved a significant milestone by surpassing the 20 million mark in credit cards issued. This achievement places SBI Card among the leaders in the Indian credit card industry, solidifying…
RBI Lifts Supervisory Restrictions on Navi Finserv The Reserve Bank of India (RBI) has recently removed the supervisory restrictions placed on Navi Finserv. These restrictions were imposed on the financial services company due to certain regulatory concerns. The lifting of these restrictions marks a significant step for Navi Finserv in its operations and governance, as…
Praveena Rai Appointed as CEO and MD of MCX In a significant move for the financial markets in India, Praveena Rai has been appointed as the Chief Executive Officer (CEO) and Managing Director (MD) of the Multi Commodity Exchange (MCX). This appointment marks a pivotal moment for the exchange, which plays a crucial role in…
Amitabh Chaudhry Re-Appointed as MD and CEO of Axis Bank by RBI Introduction to Amitabh Chaudhry’s Re-Appointment In a significant development for the banking sector, the Reserve Bank of India (RBI) has re-appointed Amitabh Chaudhry as the Managing Director and Chief Executive Officer (MD & CEO) of Axis Bank. This decision underscores the confidence placed…
JP Morgan Chase India Appoints Pranav Chawda as New CEO In a significant leadership change, JP Morgan Chase India has appointed Pranav Chawda as the new Chief Executive Officer (CEO). This appointment reflects the bank’s commitment to strengthening its leadership team in one of the world’s fastest-growing markets. Chawda takes over from Ashok Varadhan, who…
Navi Achieves 5th Spot in UPI Rankings for Second Time Introduction: Navi’s Remarkable Achievement Navi, a prominent financial services company, has recently secured the 5th position in the Unified Payments Interface (UPI) rankings for the second consecutive time. This accomplishment highlights Navi’s significant contribution to India’s digital payment landscape. The UPI system, which has revolutionized…
Bank of Baroda to Sell Oman Operations to Bank Dhofar Overview of the Deal Bank of Baroda (BoB), one of India’s leading public sector banks, has announced the sale of its operations in Oman to Bank Dhofar. This strategic move aligns with BoB’s focus on strengthening its balance sheet and optimizing its international operations. The…
IndusInd Bank Reappoints Sumant Kathpalia as MD & CEO Introduction to the Reappointment IndusInd Bank has officially reappointed Sumant Kathpalia as its Managing Director and Chief Executive Officer (MD & CEO) for a period of three years, starting from October 1, 2024. This decision, ratified by the Reserve Bank of India (RBI), is a significant…
RBL Bank Teams Up with IndianOil for New Credit Card Introduction: A New Partnership in Financial Services RBL Bank, a prominent player in India’s banking sector, has announced a strategic partnership with IndianOil, the country’s leading oil marketing company, to launch a new co-branded credit card. This innovative financial product is designed to offer enhanced…
Tamil Nadu’s Rising Fintech PaySharp Secures RBI Authorization Introduction to PaySharp’s Milestone Tamil Nadu-based fintech startup PaySharp has recently achieved a significant milestone by securing authorization from the Reserve Bank of India (RBI). This endorsement not only validates PaySharp’s business model but also enhances its credibility within the highly regulated financial sector. The RBI’s authorization…
