RBI Enlists McKinsey and Accenture to Enhance Oversight Using AI and Machine Learning
In a strategic move towards bolstering its supervisory functions, the Reserve Bank of India (RBI) has partnered with renowned consultancy firms, McKinsey and Company India, along with Accenture Solutions India.
RBI governor advises banks to prioritise governance
The RBI governor, Shaktikanta Das, has urged banks to tighten up on governance standards and pay close attention to the compliance, risk management, and auditing processes.
Isha Ambani joins the Board of Reliance Strategic Investments Ltd
Reliance Industries Ltd has appointed Isha Ambani Piramal as Non-Executive Director of its demerged financial services unit Reliance Strategic Investments Ltd (RSIL).
RBI Approves Federal Bank’s Appointment of AP Hota as Part-Time Chairman
The Federal Bank has announced that AP Hota has been approved by the Reserve Bank of India (RBI) to serve as the part-time chairman of the private sector bank. In a regulatory filing, the bank stated that the RBI granted its approval on June 26, 2023.
The RBI sends MD of PFS on indefinite leave
The RBI has ordered the MD of PTC India Financial Services the banking arm of PTC India to be placed on permanent leave till his retirement in October.
Partha Pratim Sengupta Joins Unity Bank as BharatPe’s Nominee Director
BharatPe, a leading fintech firm, has announced the appointment of Partha Pratim Sengupta as the nominee Director on the Board of Unity Small Finance Bank, where BharatPe and Centrum Financial Services hold stakes.
RBI Deputy Governor Calls for Tighter Regulatory Oversight of Financial Institutions
MK Jain, the Deputy Governor of the Reserve Bank of India (RBI), has called for tighter regulatory oversight of financial institutions, emphasizing the need for a thorough examination of their business models.
RBI Asks Rating Agencies to Reveal Names of Non-cooperative companies
The Reserve Bank of India (RBI) has mandated credit rating agencies (CRAs) to reveal the names of companies that withhold essential information needed to assess their creditworthiness.
RBI Governor Warns of Volatility in Private Banks Due to Governance Lapses
In a recent statement, the Governor of the Reserve Bank of India (RBI), Shaktikanta Das, raised alarm over governance lapses observed in certain private banks, citing the possibility of increased volatility within the sector.
N Kamakodi reappointment as MD & CEO of City Union Bank
On Wednesday, RBI granted the approval for the reappointment of N Kamakodi as the Managing Director and CEO for another three-year term starting from May 1, 2023, City Union Bank, a private sector bank in Tamil Nadu, announced. The bank stated that the decision was made based on the recommendation o