Shri Pankaj Chaudhary took charge as the Minister of State for Finance in his second consecutive term in the Ministry of Finance, in New Delhi on June 11, 2024
In a significant move, Prime Minister Narendra Modi's government has reappointed Nirmala Sitharaman as the Finance Minister. The official announcement came on June 10, a day after the ministers took the oath alongside Modi.
RBI keeps repo rate unchanged, hikes FY25 GDP growth forecast
The total value of ₹2000 banknotes in circulation, which was ₹3.56 lakh crore at the close of business on May 19, 2023, when the withdrawal of ₹2000 banknotes was announced, has declined to ₹7755 crore at the close of business on May 31, 2024.
Shri Shaktikanta Das, Governor, Reserve Bank of India launched three major initiatives of the Reserve Bank of India, namely the PRAVAAH portal, the Retail Direct Mobile App and a FinTech Repository
RBI approved the transfer of Rs 2,10,874 crore as surplus to the Central Government for the accounting year 2023-24.
The Reserve Bank of India (RBI) has appointed Shri R. Lakshmi Kanth Rao as Executive Director (ED) with effect from May 10, 2024.
The Central Government has re-appointed Shri T. Rabi Sankar as Deputy Governor, Reserve Bank of India for a period of one year with effect from May 03, 2024, or until further orders, whichever is earlier.
Supervisory Action against Kotak Mahindra Bank Limited under Section 35A of the Banking Regulation Act, 1949
In a recent development, the Reserve Bank of India (RBI) has levied a monetary penalty of Rs 10 lakh on NABFINS Limited, a subsidiary of NABARD, citing non-compliance with specific regulations.
CAclubindia
