RBI Approves Appointment of Prabdev Singh as New CEO of JP Morgan Chase: JP Morgan Chase & Co. has received permission from the Central Bank of India to name Prabdev Singh as the lender's Chief Executive Officer in the nation. The Reserve Bank of India approved a three-year term for Prabdev ...

JPMorgan gets RBI nod for new India chief executive officer Prabdev Singh: JPMorgan Chase & Co. got approval from India’s central bank to name Prabdev Singh as the lender’s chief executive officer in the country. Prabdev Singh will serve as the lender’s chief executive officer for a three-year ...

Reserve Bank of India Says No Foreign Investment Cap on Sovereign Green Bonds: The sovereign green bonds issued by the Indian government will not have any restrictions on foreign investment, the Reserve Bank of India said. Such securities will be counted as specified securities under the fully ...

Govt Switches Bonds with RBI in a Cash-neutral deal: The Indian government bought back bonds maturing in 2024 from the Reserve Bank of India, while also issuing bonds maturing in 2032 worth a similar quantum, the central bank said. The transaction involved buying back a security maturing in ...

RBI new rules for ‘Loan Loss Provision’ by Banks: In an effort to strengthen the resilience of the banking system, the Reserve Bank of India (RBI) has recommended a new set of regulations controlling loan loss provisioning by banks. The central bank proposes to amend the regulations governing loan ...

PNB Launches Credit Card Against Fixed Deposit: Customers who don't qualify for ordinary credit cards can get credit cards against fixed deposits from the government-owned Punjab National Bank (PNB). Customers of salary account will be able to apply for this facility through the website, Internet ...

Pakistan is South Asia’s Weakest Economy, World Bank report: Pakistan's economic growth is expected to drop down even more this year, to just two percent, according to the World Bank. This will mark a drop of two percentage points from its June 2022 estimates, according to the World Bank’s Global ...

RBI proposes expected loss-based approach for provisioning by banks: The Reserve Bank of India (RBI) has proposed a framework for the adoption of an ‘expected loss-based approach for provisioning by banks. Presently, banks in India are required to make loan loss provisions based on an ‘incurred ...

Federal Bank Literary Award 2022: Federal Bank Literary Award 2022 was given to renowned author K Venu for his autobiography, "Oranweshananthinte Katha."Venu received the award from Balagopal Chandrasekhar, Chairman and Independent Director of Federal Bank, at a special event held as part of the ...

MoU signed to facilitate low interest rate loans to farmers: In order to facilitate farmers in providing low-interest rate loans, Warehousing Development Regulatory Authority (WDRA) signed a memorandum of understanding (MoU) with the State Bank of India (SBI), India’s largest public sector bank on ...