RBI Imposes Penalties on Punjab National Bank and Federal Bank The Reserve Bank of India (RBI) recently imposed penalties on Punjab National Bank (PNB) and Federal Bank for various violations, highlighting the regulatory measures taken to ensure the stability and integrity of the banking system in India. These penalties come as a significant development in…
Government Maintains GPF Interest Rate at 7.1% for 15th Consecutive Quarter In a significant development for government employees and aspirants preparing for various competitive exams, the Indian government has decided to maintain the General Provident Fund (GPF) interest rate at 7.1% for the 15th consecutive quarter. This decision was announced recently and has garnered the…
India Maintains Unchanged Borrowing Plan and Introduces 50-Year Bond India’s fiscal landscape witnessed significant developments as the government announced its decision to uphold its borrowing plan while also introducing a groundbreaking 50-year bond. These financial moves carry profound implications for various government job aspirants, including those preparing for positions as teachers, police officers, banking professionals,…
RBI Cancels License of The Kapol Co-operative Bank Over Inadequate Capital In recent news, the Reserve Bank of India (RBI) has taken a significant step by canceling the license of The Kapol Co-operative Bank. This move comes in response to concerns regarding the bank’s inadequate capital reserves. Let’s delve deeper into why this news is…
RBI Imposes Monetary Penalties on Four Cooperative Banks The Reserve Bank of India (RBI) recently made headlines by imposing monetary penalties on four cooperative banks operating in the country. This move has significant implications for candidates preparing for various government exams, including those aspiring to become teachers, police officers, banking professionals, railway employees, and civil…
LIC Delivers Dividend Cheque of ₹18,31 Crore to Finance Minister Life Insurance Corporation of India (LIC), the largest insurance company in the country, recently presented a dividend cheque of ₹18,31 crore to the Finance Minister. This event holds substantial significance for aspirants preparing for government exams, particularly those eyeing positions in the finance sector. Let’s…
RBI Issues Guidelines for Responsible Lending The Reserve Bank of India (RBI) has recently issued comprehensive guidelines aimed at promoting responsible lending practices in the Indian financial sector. These guidelines come at a crucial juncture when the banking and financial industry is undergoing significant transformations. In this article, we will delve into the importance of…
ICC Ties Up with Mastercard for Men’s Cricket World Cup 2023 In a strategic move to elevate the Men’s Cricket World Cup 2023 to new heights, the International Cricket Council (ICC) has entered into a significant partnership with Mastercard. This collaboration is set to redefine the fan experience and financial aspects of the tournament, marking…
RBI Grants Non-Banking Institution License to Mahalaxmi Cooperative Bank, Cancels Banking Permit The Reserve Bank of India (RBI) recently made a significant decision regarding Mahalaxmi Cooperative Bank. In a move to address the bank’s financial stability and ensure the smooth functioning of the cooperative banking sector, the RBI granted a non-banking institution license to Mahalaxmi…
RBI Notifies Four Key Measures to Strengthen Urban Co-operative Banks The Reserve Bank of India (RBI) has recently taken significant steps to enhance the stability and governance of urban cooperative banks (UCBs). In a notification issued by the RBI, four key measures have been introduced to strengthen UCBs and ensure their seamless functioning. These measures…
