Former Brazilian President Dilma Rousseff named new President of BRICS New Development Bank: The New Development Bank (NDB), also known as the BRICS bank, is a multilateral financial institution founded by Brazil, Russia, India, China, and South Africa. Its new President is former Brazilian ...

Egypt officially becomes member of BRICS New Development Bank : Egypt joined the BRICS New Development Bank (NDB) as an official member. Egypt completed all the necessary procedures to become an eligible member on February 20, 2023. March 2023 Current Affairs QuizAbout NDB:BRICS' New ...

Canara Bank sells stake in Russian joint venture to SBI for Rs 121 crore: Canara Bank has sold its stake in Commercial Indo Bank LLC (CIBL), a joint venture with State Bank of India (SBI), to SBI for approximately 121.29 crore. CIBL, which was established in 2003, operates in Russia and is owned ...

Egypt joins BRICS bank as new member weeks after President Sisi’s India visit: Egypt has joined the BRICS New Development Bank after President Abdel-Fattah El-Sisi visited India as the chief guest for the Republic Day celebrations. Egypt and BRICS New Development Bank (NDB): Egypt officially ...

Axis Bank signed co-lending pact with Autotrac Finance through Yubi: Axis Bank, India’s third largest private sector bank and Autotrac Finance Limited Ltd (AFL), a Gurgaon based Non-Banking Financial Company, announced its strategic partnership under the co-lending model through the Yubi Co.Lend ...

FSIB suggests Ashwani Kumar name as MD and CEO of UCO Bank: The Financial Services Institutions Bureau (FSIB) has suggested that Ashwani Kumar, an executive director at Indian Bank, be appointed as the managing director of UCO Bank. Kumar has previously held positions at several other public ...

National Company Law Tribunal (NCLT) approves HDFC and HDFC Bank merger: On March 17th, the National Company Law Tribunal (NCLT) approved the merger of HDFC Ltd and HDFC Bank, which is considered to be the largest merger in the history of corporate India. The merger will create a massive banking ...

Anup Bagchi to head ICICI Prudential Life from June 2023: ICICI Bank's executive director Anup Bagchi is set to take over as the CEO of ICICI Prudential Life Insurance on June 19, subject to regulatory and statutory approvals. ICICI Prudential Life made this announcement in an exchange filing, ...

“Governor of the Year” for 2023: The Reserve Bank of India's Governor, Shaktikanta Das, has been named "Governor of the Year" for 2023 by Central Banking, an international economic research journal. The publication praised Das for his steady leadership during challenging periods, including the ...

IDFC Mutual Fund (MF) has rebranded itself as Bandhan Mutual Fund: Bandhan Mutual Fund has replaced IDFC Mutual Fund. The name change will take effect on March 13. All the schemes of the fund house will be renamed to replace the word ‘IDFC’ with the word ‘Bandhan’. March 2023 Current Affairs ...