The new system will start with reporting by scheduled commercial banks and will be slowly extended to urban cooperative banks (UCBs) and non-banking financial companies (NBFCs). Topic: Appointments 4. SBI Card has appointed Abhijit Chakravorty as MD and CEO for 2 years. ...
The Department of Supervision of RBI is using linear and a few machine-learnt models for supervisory examinations. RBI supervisory jurisdiction extends over urban cooperative banks, NBFCs, payment banks, small finance banks, local area banks, credit information companies and select all Indian financial...
Topic: RBI 5. RBI has imposed penalty on two banks and two NBFCs. It has imposed a penalty of Rs 72 lakh onPunjab National Bankand Rs 30 lakh onFederal Bank. It has also imposed penalty of Rs 13.38 lakh on Kosamattam Finance, and Rs 10 lakh on Mercedes-Benz Financial Services. RBI...
8. GetVantage has obtained a NBFC licence from the RBI. Its NBFC arm GetGrowth Capital would manage the lending operations. GetVantage will capitalize the NBFC with ₹50 crore. It aims to raise ₹200 crore in total to scale up its lending operations. GetVantage is supported by investors...