Finance Ministry Approves ‘One State-One RRB’
The government of India is set to implement the One-State-One-RRB (Regional Rural Bank) policy, aiming to streamline operations and strengthen the financial stability in rural banking institutes. Effective May 1, 2025, this initiative will consolidate 15 RRBs, reducing the total number from 43 to 28, as per the financial minister Nirmala Sitharaman. In 11 states—Andhra…
Shipra Prajapati
Private Banks At Risk Due To High Employee Attrition
The Reserve Bank of India (RBI) reported high employee attrition among private sector and small finance banks (SFBs). It has grown by 25%, posing a significant risk to operational activities. This increased employee attrition can significantly disrupt customer services, result in a loss of institutional knowledge, and increase recruitment costs. The RBI stressed on several…
Vipin
RBI To Retain Repo As Inflation Remains In Check
The Reserve Bank of India is all set to retain 6.5% short-term interest rates in its monetary policy review as inflation remains in its comfort zone and the economy’s growth rate increases steadily. The Governor of RBI, Shaktikanta will lead the 3-day deliberation of MPC from 6 to 8 December and can make the said…
Citigroup Cuts 300 Manager Roles To Reorganise The Firm
The third-largest American bank and one of the biggest banking firms in the world, Citigroup has announced that they will be cutting off 300 manager roles in an attempt to reorganise the firm. Around 10% of the workforce from total managerial roles within the firm will lose their position. A statement published by the bank…
Abdullah Ansari
Indian-origin Ajay Banga Is Next World Bank’s President
The World Bank appointed ‘Ajay Banga’ as a new President. A 25-member execute board confirmed his name for the post on Wednesday after following a selection process agreed upon by shareholders in 2011. Banga, who is at 63 now, has worked for Mastercard as a CEO before this, and his term in the World Bank…
Aman Goyal
Steps To Get Small Personal Loan: Secure and Reliable
The needs of a middle-class person are increasing day by day and personal or small loans are the only way to accomplish the daily requirements. If you are in need and not aware of the steps to get small personal loan, this post can help you. The need for a loan can vary from person…
