Alternative Investment Fund Bajaj appoints Jitendra Gohil as CIO to lead its new fund. Know the key facts, industry impact, and exam-relevant details for banking and finance exams. Bajaj Appoints Jitendra Gohil as CIO to Lead Its New Alternative Investment Fund In a strategic move to deepen its footprint in the asset management industry, Bajaj…
FIDC recognised as Self-Regulatory Organisation for NBFCs by RBI, enhancing governance, regulatory compliance, and innovation in the non-banking financial sector in India. RBI Recognises FIDC as Self-Regulatory Organisation for NBFCs Introduction On October 3, 2025, the Reserve Bank of India (RBI) officially recognised the Finance Industry Development Council (FIDC) as the Self-Regulatory Organisation (SRO) for…
Ravi Narayanan appointed CEO of SMFG India Credit, focusing on retail growth, customer engagement, and strengthening risk and compliance. Learn all key details and implications. 📰 Ravi Narayanan Appointed CEO of SMFG India Credit Amid Strategic Leadership Overhaul In a significant development in the Indian non-banking financial sector, Ravi Narayanan has been appointed as the…
Kerala NBFC KSFE becomes the first miscellaneous NBFC in India to cross ₹1 lakh crore turnover, marking a historic milestone in Kerala’s financial sector with ₹512 crore profit in 2024–25. Kerala State Financial Enterprises (KSFE) Achieves Historic ₹1 Lakh Crore Turnover Kerala State Financial Enterprises (KSFE) has made history by becoming the first miscellaneous non-banking…
In a significant financial move, Adar Poonawalla has sold his stake in Magma General Insurance to Patanjali Ayurved and DS Group for ₹4500 crore. This acquisition marks Patanjali and DS Group’s strategic entry into India’s growing insurance sector. Details of the Deal Adar Poonawalla’s Sanoti Properties acted as the seller, transferring a 98% stake to…
RBI Imposes Penalties on Godrej Housing, HUDCO, and Aadhar Housing Finance Overview of the Penalties In a recent move aimed at enforcing regulatory compliance, the Reserve Bank of India (RBI) has imposed penalties on three prominent housing finance institutions: Godrej Housing Finance, Housing and Urban Development Corporation (HUDCO), and Aadhar Housing Finance. The penalties stem…
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…
RBI Likely to Launch Digital Rupee Pilot for Interbank Transactions by October In recent developments, the Reserve Bank of India (RBI) has set its sights on modernizing the Indian financial landscape by initiating a digital rupee pilot program for interbank transactions. This groundbreaking step towards embracing digital currency is expected to roll out by October,…
