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 ...

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 ...

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 ...

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 ...

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 ...

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 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 ...

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 ...

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 ...

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 ...

Maharashtra achieved first rank in NITI Aayog launched “Agricultural Marketing and Farmer Friendly Reforms Index (AMFFRI), which ranks states based on the degree of reforms they have undertaken in agricultural marketing. "The State has implemented most of the marketing reforms and it offers ...

On July 1, 82 constables of the first-ever batch of a “Special Rhino Protection Force” (SRPF) were deployed in various parts of UNESCO World Heritage Site Kaziranga National Park in Assam. This special force has one sole objective: to protect the one-horned rhino. The force, which consists of 74 ...