RBI Deputy Governor M. Rajeshwar Rao Gets One-Year Term Extension In a significant development in the banking sector, the Reserve Bank of India (RBI) has recently extended the term of Deputy Governor M. Rajeshwar Rao by one year. This move has garnered attention and holds relevance for aspirants preparing for various government exams, including those…
RBI Appoints P. Vasudevan as New Executive Director In a recent development, the Reserve Bank of India (RBI) has appointed P. Vasudevan as its new Executive Director. This significant move comes as part of the central bank’s efforts to strengthen its leadership team and ensure smooth functioning in the ever-evolving financial landscape. With his extensive…
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…
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