The Appointments Committee of the Cabinet (ACC) has also approved the appointment of Bhanu Pratap Sharma, former Chairman, BBB as the initial chairperson of FSlB for a term of two years.
RBI has imposed a monetary penalty of Rs.1 crore on IndusInd Bank for non-compliance with certain directions issued by RBI on 'RBI (KYC) Directions, 2016'.
SEBI provided an additional payment option of UPI or unified payments interface mechanism to retail investors to apply in the public issue of REITs and InvITs for application value up to Rs 5 lakh.
Rating agency Crisil has lowered India's real gross domestic product (GDP) growth forecast to 7.3% from 7.8% for FY23 from 7.8 per cent estimated earlier.
EXAMIANS