Daily News

Image

Former RBI Governor Urjit Patel appointed Vice President of AIIB

Former RBI Governor Urjit Patel has been appointed as a Vice President of the Beijing-based multilateral funding institution AIIB.

India is a founding member of the Asian Infrastructure Investment Bank (AIIB) with the 2nd highest voting share after China.

He will be one of the five Vice Presidents of the AIIB with a three-year tenure.

He will succeed outgoing D J Pandian.

Did you Know

AIIB is headed by former Chinese vice minister for finance Jin Liqun.

Image

CSB Bank MD & CEO C. VR. Rajendran opts for early retirement, to step down on March 31

CSB Bank's Managing Director and Chief Executive Officer C. VR. Rajendran will step down from his role on March 31, 2022.

CSB Bank generates one of the highest net interest margins (NIMs) in Indian banking industry at 5.1 percent, as per the statement issued by the lender.

The CASA mix is at 34.5 percent as on December 31, 2021 growing at an impressive 22 percent YoY.

Did you Know

Image

Navrang Saini’s term as IBBI chief extended

Centre extended the additional charge of Insolvency and Bankruptcy Board of India (IBBI) Wholetime Member Navrang Saini as Chairperson till March 5 this year.

While IBBI still has a chairperson for two more months, the post of Chairman at Insurance Regulatory and Development Authority (IRDAI) is vacant for over eight months now.

Did you Know

Image

Indian doubles pair Bopanna-Ramkumar clinch Adelaide International title

India's Rohan Bopanna and Ramkumar Ramanathan defeated top-seeded Ivan Dodig and Marcelo Melo in the men's doubles final to win the Adelaide International tournament.

It was Bopanna's 20th ATP doubles title and first for Ramkumar.

Bopanna and Ramkumar will split USD 18700 as prize money and earned 250 ranking points each.

Did you Know

Image

RBI sets up fintech department to focus on the 'dynamically' growing sector

The new department has been created with effect from January 04, 2022, by subsuming the FinTech Division of Department of Payment and Settlement Systems, Central Office (DPSS, CO).

The department will not only promote innovation in the sector, but also identify the challenges and opportunities associated with it and address them in a timely manner.

Did you Know

Image

Google doodle honours educator Fatima Sheikh on her 191st birth anniversary

Google on January 9, 2022, honoured educator and social reformer Fatima Sheikh, on her 191st birth anniversary with a doodle on their homepage. Fatima Sheikh is regarded to be “India’s first Muslim woman teacher,” played an instrumental part in co-founding the Indigenous Library alongside Jyotirao and Savitribai Phule in 1848.

Did you Know

Sheikh took an active role in Phules’ Satyashodhak Samaj (Truthseekers’ Society) movement

Image

Prime Minister Narendra Modi declared that December 26 shall henceforth be marked as “Veer Baal Diwas

Prime Minister Narendra Modi declared that December 26 shall henceforth be marked as “Veer Baal Diwas” to pay homage to the courage of the “Sahibzades”, four sons of Guru Gobind Singh, the last Sikh guru. While all four were martyred, the date has been chosen as it was the day observed as the martyrdom day of the Sahibzadas Zorawar Singh and Fateh Singh.

Did you Know

Image

Canada sweeps past Spain to win maiden ATP Cup

Felix Auger-Aliassime beat Spanish star Roberto Bautista Agut in a gripping encounter to earn Canada a maiden ATP Cup. This followed Denis Shapovalov ending Pablo Carreno Busta’s winning start to the season 6-4, 6-3.

Did you Know

Canada earned its place in the final after stunning defending champion Russia.

Image

Reliance acquires New York’s luxury hotel Mandarin Oriental for $98.15 million

The Reliance Industries Ltd. (RIL) announced that the Reliance Industrial Investments and Holdings Ltd (RIIHL), its wholly-owned subsidiary, had entered into an agreement to acquire the entire share capital of the Columbus Centre Corporation (Cayman), and the indirect owner of a 73.37% stake in the Mandarin Oriental New York, a premium luxury hotel for $ 98.15 million.

Did you Know

Image

Ministry of AYUSH to organise global Surya Namaskar Demonstration programme on Makar Sakranti

The Ministry of AYUSH is organizing a global Surya Namaskar Demonstration programme on 14 January 2022 for 75 lakh people globally (on the day of Makar Sakranti to commemorate the journey of the sun to the Northern Hemisphere). This occasion commemorates thanksgiving to 'Mother Nature' for bestowing health, wealth and happiness.

Did you Know

Surya Namaskar is a set of 8 Asanas performed in 12 steps with coordination of the body.

Image

Union Steel Minister laid Foundation Stone for new 5 MTPA Project at JSW Steel Vijayanagar Works in Karnataka

Union Steel Minister laid the foundation stone for the new 5 MTPA project at JSW Steel Vijayanagar Works integrated steel facility in Ballari, Karnataka. This brown-field expansion project is being undertaken through JSW Vijayanagar Metallics Ltd, a wholly owned subsidiary of JSW Steel Ltd.

Did you Know

Image

Shri Rajnath Singh flags-in India’s first multi-dimensional adventure sports expedition conducted by NIMAS in France

Shri Rajnath Singh, on January 07, 2022, flagged-in India’s first multi-dimensional adventure sports expedition conducted by National Institute of Mountaineering and Allied Sports (NIMAS) in France. The expedition was conducted in November 2021 and the team was led by Director NIMAS Colonel Sarfaraz Singh.

Did you Know

The team comprises 12 people - eight Army personnel and four youths of Arunachal Pradesh.

Image

Will Smith wins his first Golden Globe, takes accolade for 'Best Actor'

Will Smith took home his first Golden Globe Award. He won the Best Film Actor (Drama) for King Richard. The Power Of The Dog won the two biggest awards - Best Film (Drama) and Jane Campion won the Best Director. Nicole Kidman won her fifth Golden Globe for Best Film Actress (Drama) for Being The Ricardos.

Did you Know

Image

As per the report by Compare the market, Hyundai still remains the most loved car in India.

As per the annual report, the South Korean auto major Hyundai was the most searched brand in India. World over, people chose Toyota followed by Tesla. 2021 was the post-covid-19 breakout year and the year which also saw the semiconductor shortages hampering the production and sales of cars around the world.

Did you Know

Toyota was overall the most searched car brand in 2021.

Image

RBL Bank and Google announced a strategic collaboration

RBL Bank and Google announced a strategic collaboration to fuel the Bank’s customer experience strategy and expand its value proposition to serve its rapidly growing customer base through its digital platform, Abacus 2.0. This collaboration will enable better customer data management, and analytics, enabling effective cross-selling within the Bank’s large customer bas

Did you Know

RBL Bank currently has over 4 million urban retail asset and liability customers.