PNB Gilts Appoints Dr. Rekha Jain As Independent Director
The Board of Directors of PNB Gilts Limited has appointed Dr. Rekha Jain as an Independent Director (Additional Director) of the Company with effect from November 7, 2024, subject to the requisite approval of members of the Company.
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.
Citigroup Fined $136 Million for Risk Management Failures
Regulators have imposed a $136 million fine on Citigroup for not addressing persistent shortcomings in its controls and risk management.
SEBI warns trustees of VC funds over investment lapses
The Securities & Exchange Board of India (SEBI) has issued show cause notices to IDBI Trusteeship Services and Vistra, two trustee companies, in connection with investment lapses by venture capital funds. Even though trustees do not have a role in the day-to-day functioning of alternative invest
Beginning this FY, companies must keep an audit trail
New accounting regulations mandate that companies must maintain a complete and uninterrupted record of all changes made to their financial statements and are prohibited from deactivating the audit trail feature in their accounting software, starting from this fiscal year. The Companies (Accounts) Am
