RBI

Sahu will take over from Kaku Nakhate, who was the bank’s CEO for nearly 15 years. He will report to Jin Su, the president of Asia Pacific. Nakhate will move to a new role as Chair, India, and will be on the payroll of BofA Securities, according to sources.

The RBI (Regulation of Payment Aggregators) Directions, 2025 provide a single framework for companies handling digital payments and come into effect immediately.

According to an order dated August 28, the Appointments Committee of the Cabinet has approved his appointment as Executive Director at the IMF for a three-year term.

This is the second rate cut under Governor Malhotra who took charge earlier this year. The decision comes as global economic uncertainty grows, especially after US President Donald Trump announced a 26% tariff on Indian exports.

The Reserve Bank of India (RBI) has urged banks to collaborate on its MuleHunter.AI initiative to combat financial fraud through the detection of mule accounts.

The RBI's Monetary Policy Committee (MPC) voted 4-2 on Thursday to maintain the repo rate at 6.5 percent for the ninth consecutive policy review. RBI MPC maintained "withdrawal of accommodation."

Arnab Kumar Chowdhury has been appointed as the executive director of the Reserve Bank of India (RBI) effective Wednesday.

On Monday, the Reserve Bank designated AK Singh as an additional director on the board of Bandhan Bank.

RBI, TTBIF, TBI, COER, TIDES Business Incubator, STPI Dehradun, Himgiri University Incubator, are the Top Incubation Centres for Startups in Uttarakhand.

Instamojo, the payouts and aggregator function will be carried out in collaboration with additional payment aggregators that hold licences. Following the Reserve Bank of India's denial of its application for a licence to function as a payment aggregator, the action was taken.