RBI imposed a monetary penalty of ₹1.00 lakh on The National Cooperative Bank Ltd., Mumbai (the bank) for contravention of directions issued by RBI on Maintenance of Deposit Accounts.
This penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949.
Reserve Bank Governor Shaktikanta Das said the growth for 2022-23 is expected to be more than the advance estimate of 7 per cent on the back of economic momentum maintained in the third and fourth quarters of the last fiscal.
Cryptocurrency exchange CoinDCX has announced the global launch of its decentralised finance (DeFi) wallet app Okto, which provides simplified and secure access to DeFi services.
It has also introduced an AI-based multi-factor authentication to secure self-custodial DeFi wallets
HDFC Asset Management Company has received the final approval for a change in control to HDFC Bank from Housing Development Finance Corporation.
The change in majority control was part of the amalgamation of Housing Development Finance Corporation into HDFC Bank.
The merger of HDFC with HDFC Bank is in the final stages and is expected to be completed in few months.
The officials of the Government of Goa and the Government of Uttarakhand have signed a Memorandum of Understanding (MoU) to collaborate towards enhancing the tourism landscape of both Goa and Uttarakhand.
Dr K. Govindaraj elected as the President of International Basketball Federation (FIBA), Asia.
This is the first time that an Indian has been nominated as the President of FIBA Asia.
The nomination was ratified at the FIBA Asia Congress making Govindaraj, the first Indian to lead the International Basketball Federation in Asia, which includes 44 countries.
In a bid to address challenges in the ship design and construction industry, defence PSU Garden Reach Shipbuilders and Engineers Ltd. launched an innovation nurturing scheme that would help generate a large number of ideas.
The GRSE Accelerated Innovation Nurturing Scheme 2023 is a two-stage process to help generate a large number of ideas.
Indian Long jumper Murali Sreeshankar won gold while compatriot Jeswin Aldrin finished bagged silver at the International Jumping Meeting at Kallithea in Greece.
Successfully defending his title in the Men’s long jump event, Commonwealth Games silver medallist Sreeshankar registered his season-best jump of 8.18 meter.
The AI Supercomputer ‘AIRAWAT’, installed at C-DAC, Pune has been ranked 75th in the world.
It was declared so in the 61st edition of Top 500 Global Supercomputing List yesterday at the International Supercomputing Conference (ISC 2023) in Germany.
It puts India on top of AI Supercomputing nations worldwide.
Following four successful rounds of the Regional Connectivity Scheme (RCS) - Ude Desh Ka Aam Nagrik (UDAN) and with the version 5.0 of the fifth round underway, the Ministry of Civil Aviation has launched UDAN 5.1 to further enhance the connectivity to remote areas of the country and achieve last mile connectivity through helicopters.
World Thyroid Day is observed every year on May 25 to educate people on thyroid diseases and be aware of the symptoms.
The butterfly-shaped thyroid gland is situated at the front of the neck, under the voice box. Diseases of the thyroid gland are among the most abundant endocrine disorders worldwide, second only to diabetes.
Conversational engagement platform Gupshup has introduced UPI payments for people using feature phones via a native app called GSPay.
The app, developed along with National Payments Corporation of India (NPCI), will use SMS or even IVR based payments system, and do away with the need of data or internet connectivity.
Ministry of Ayush and Ministry of Minority Affairs have jointly taken a significant step to promote and develop Unani system of medicine in India.
Ministry of Minorities Affairs has approved a grant of Rs. 45.34 Crore under Pradhan Mantri Jan Vikas Karyakram (PMJVK), a centrally sponsored scheme (CSS).
International Missing Children's Day (IMCD), 25 May, is a day where people around the world commemorate the missing children who have found their way home, remember those who have been victims of crime, and continue efforts to find those who are still missing.
The symbol for IMCD is the forget-me-not flower.