Reserve Bank of India (RBI) on Thursday appointed ex-executive director RBI A.K Misra as Additional Director on the Board of Directors (BOD) of the Jammu and Kashmir Bank Limited. His appointment shall be for a period of two years with effect from July 3, 2019 to July 2, 2021 or till further orders. “He shall […]
AK Misra appointed as Additional Director Jammu and Kashmir Bank BOD Read More »
Reserve Bank of India has set up a six-member working group to review the regulatory and supervisory framework for Core Investment Companies (CICs). The panel will be headed by Tapan Ray, Non-Executive Chairman, CBI. The move comes as the corporate group structures becomes more complex and layered. The working group has been asked to submit
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Hyderabad’s Rajiv Gandhi International Airport is set to launch the face-recognition facility under the Centre’s Digi Yatra Policy for the first time in India. Trials began on July 1 and will continue for a month. The face-recognition technology will remove the Central Industrial Security Forces (CISF) physically checking passengers’ government issued identification documents at the
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The US-India Strategic Partnership Forum (USISPF) today announced that Mastercard CEO and President, Ajay Banga, and Wipro Chairman, Azim Premji, will receive the 2019 Global Excellence Awards at the USISPF Second Annual Leadership Summit in Washington, D.C. on July 11. Jared Kushner, Senior Adviser to the President of the United States, will present the awards
President Vladimir Putin said Russia is ready to restart discussions with the U.S. over arms control and denied that the collapse of a significant nuclear missile treaty between the two nations would prompt an arms race. Putin said there had “recently been signs that Washington is beginning to consider resuming bilateral dialogue on a wide-ranging
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Karnataka Bank Ltd has launched the web tool – ‘Vasool So-Ft’ (Vasool So-Fast) – for digitalising the NPA (non-performing asset) recovery process of the bank. Launching the tool in Mangaluru, Mahabaleshwara MS, Managing Director and Chief Executive Officer of the bank, said the digital tool for the recovery of stressed assets will provide an end-to-end
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The Uttar Pradesh State government has announced piped water for every rural home in the state within two years. The Yogi Adityanath-led government has already begun its work on the piped water programme.The State has planned to divide Jal Nigam’s work into urban and rural areas for better implementation. The works are carried out under
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Bharti AXA Life Insurance and Airtel Payments Bank announced a first-of-its-kind alliance to offer the ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY), a government-backed life insurance scheme aimed at increasing the penetration of life insurance among underinsured masses and contributing to financial inclusion in the country. The product ‘Pradhan Mantri Jeevan Jyoti Bima Yojana’ (PMJJBY)
ICICI Bank announced that it has partnered with IndoStar Capital Finance Limited (IndoStar), a systemically important Non-Banking Finance Company (NBFC), to finance small and medium fleet owners to purchase used and new commercial vehicles (CV). This is a first-of-its-kind lending programme in the country between a commercial bank and an NBFC to finance commercial vehicles.
The IMF on 3 July approved a USD 6 billion loan over a period of three years for cash-strapped Pakistan, aimed at returning sustainable growth to the country’s fragile economy and improve the standards of living. Pakistan’s finance ministry approached the International Monetary Fund (IMF) in August 2018 for a bailout package when the Imran
