RBI Halts Loans By Four Finance Companies Over High Interest Rates
The Reserve Bank of India (RBI), the banking regulator, has forbidden Navi Finserv (led by Sachin Bansal), DMI Finance, Asirvad Micro Finance, and Arohan Financial Services from issuing and disbursing new loans due to excessive interest rates.
RBI Rejected Religare Enterprises’ Application To Appoint Rakesh Asthana As Director
According to the sources, Religare Enterprises Limited’s (REL) application to appoint Rakesh Asthana to the Board has been rejected by the Reserve Bank of India (RBI).
Kerala Ayurveda Appoints Samir Dhawan, Kshiti Ranjan Das, and Kodikannath Jayarajan To The Board
The Board of Directors of Kerala Ayurveda Limited has approved the appointment of Samir Dhawan and Kshiti Ranjan Das as Additional Directors designated as Non-Executive Independent Directors.
ACC Extends M. Rajeshwar Rao’s Tenure As Deputy Governor Of RBI
The Prime Minister, Narendra Modi’s led Appointment Committee of the Cabinet (ACC), has approved the reappointment of M Rajeshwar Rao as Deputy Governor of the Reserve Bank of India (RBI) for a period of one year with effect from October 9, 2024.
RBI Asks Small Finance Banks To Strengthen Risk Governance
The Reserve Bank of India (RBI) has advised small financing banks to improve governance and identify risks, with important areas of caution to ensure long-term success.
RBI Approves Reappointment Of V. Vaidyanathan As MD & CEO Of IDFC First Bank
On September 19, the Reserve Bank of India (RBI) granted its approval for the reappointment of V. Vaidyanathan as Managing Director and Chief Executive Officer (MD & CEO) of IDFC First Bank Limited for three years, effective December 19, 2024.
Kishori Udeshi Retired As Independent Director of Thomas Cook (India)
Kishori Udeshi has completed her second term of five years as an Independent Director of Thomas Cook (India) Limited and accordingly ceased to be the Director on September 15, 2024.
IDFC First Bank’s Director Jaimini Bhagwati Has Resigned
Dr. Jaimini Bhagwati has tendered his resignation as Non-Executive Non-Independent Director of IDFC First Bank Limited with effect from September 9, 2024.
RBI Opens Door For Foreign Investors In IFSC To Invest In Sovereign Green Bonds
The Reserve Bank of India (RBI) has introduced a new scheme allowing foreign investors in the International Financial Services Centre (IFSC) to invest in sovereign green bonds.
RBI Recognises FACE As The First Self-Regulating Organisation In Fintech
The Reserve Bank of India (RBI) announced on August 28 that the Fintech Association for Consumer Empowerment (FACE) has become the first recognised Self-Regulating Organisation in the FinTech sector (SRO-FT).
