RBI approval of C S Rajan’s reappointment as Part-Time Chairman of Kotak Mahindra Bank till 2027 marks a key step in banking governance and leadership stability. Learn details of tenure, background, and regulatory insights for exams. Reappointment of C S Rajan as Part-Time Chairman of Kotak Mahindra Bank Leadership Continuity at a Key Private Bank…
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…
Microfinance Landscape Shift: Standalone MFIs Take Lead with 40% Microlending Share Microfinance institutions (MFIs) have been a driving force in financial inclusion across India, providing much-needed support to the underserved and marginalized communities. In recent times, the microfinance landscape has witnessed a significant shift, with standalone MFIs emerging as leaders in the sector, now commanding…
