RBI Re-appoints Ajay Kanwal as MD & CEO at Jana Small Finance Bank
The Reserve Bank of India has approved the reappointment of Ajay Kanwal as Managing Director and Chief Executive Officer (CEO) of Jana Small Finance Bank Limited for 3 years, with effect from March 21, 2024.
Bank’s Non-Executive Directors Remuneration Increased by RBI
The Reserve Bank of India (RBI) has raised the remuneration ceiling for Non-Executive Directors of banks up to 30 lakh rupees per year from 20 lakh annually previously.
Utkarsh Small Finance Bank Recommends Reappointment of Govind Singh’s as MD & CEO to RBI
The Board of Directors of Utkarsh Small Finance Bank Limited subject to approval of Reserve Bank of India (RBI) and shareholders recommended the reappointment of Govind Singh as the Managing Director and CEO, for a period of three years with effect from September 21, 2024.
RBI Appoints Achuthan Kutty as MD & CEO of DCB Bank
The Reserve Bank of India (RBI) has approved the appointment of Praveen Achuthan Kutty as the Managing Director and CEO of DCB Bank for a period of three years, with effect from April 29, 2024.
Framework Issued by the RBI for Fintech Self-Regulation
A draft framework has been issued by the Reserve Bank of India (RBI) for self-regulatory organisations focusing on the fintech sector (SRO-FT).
RBI asks Federal Bank to submit fresh names for CEO
The Reserve Bank of India (RBI) has asked the Federal Bank, a private sector lender, to submit a fresh proposal including at least two fresh names for the position of Managing Director and Chief Executive Officer (MD and CEO).
C.S. Rajan’s Appointment as Chairman of Kotak Mahindra Bank Approved by RBI
C. S. Rajan has been appointed as part -time Chairman of Kotak Mahindra Bank with effect from January 1, 2024, for a term of two years.
No RBI appointed Director on RBL Board now, as Dayal’s term ends
The Reserve Bank of India had appointed Yogesh K. Dayal, Chief General Manager of RBI, as an Additional Director on the Board of RBL Bank for a period of two years, with effect from December 24, 2021, to December 23, 2023, or until further orders, whichever is earlier.
A Fintech Repository Will Be Established By April 2024, According To The RBI
The Reserve Bank of India (RBI) declared on December 8 its plan to establish a fintech repository by April 2024.
RBI Deputy Governor Issues Warning on “Dark Patterns” in Digital Loan Misselling
In a recent alert, RBI Deputy Governor M Rajeshwar Rao warned of 'dark patterns' in the mis-selling of digital loans, signalling deceptive design interfaces and tactics that mislead users into high-cost, short-term consumer credit.