The Indian Institute of Technology (IIT) Madras launched the 'Nilekani Centre at AI4Bharat' to promote the state of Indian language technology with the intention to create a societal impact.
The SVC Co-operative Bank (SVC Bank) has entered into an agreement with the Small Industries Development Bank in India (SIDBI) to improve the flow of credit to MSMEs.
The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.