The Reserve Bank on Thursday asked Urban Cooperative Banks (UCBs) not to create any honorary position or title such as Chairman Emeritus and Group Chairman at the board level as it results in the creation of a shadow authority.
IndusInd Bank has been conferred with the global 'Cellent Model Bank' award under the category of 'Payments System Transformation' for making it a best-in-class enterprise payments hub.
Vice President of India M Venkaiah Naidu inaugurated the second edition of the Khelo India University Games open here at the Sree Kanteerava Indoor Stadium in Bengaluru.
AP Abdullahkutty has been elected as the chairperson of the Haj Committee of India, while for the first time, two women have been chosen as its vice-chairpersons- Munnawari Begum and Mafuja Khatun.