The Indian Institute of Management Kozhikode's (IIMK) Business incubator Laboratory for Innovation Venturing and Entrepreneurship (LIVE) has signed a Memorandum of Understanding (MoU) with the Indian Bank to financially support early-stage startups.
The RBI has approved the appointment of former Comptroller and Auditor General Vinod Rai as the Independent Chairman of Unity Small Finance Bank Limited (Unity Bank).
Reserve Bank of India has approved Fino Payments Bank for commencing international (Cross Border) remittance business under the Money Transfer Service Scheme (MTSS).