Banking and Financial Awareness:
- Security and Exchange Board of India (SEBI) announced a new rule for re-classification of a promoter as a public investor.
- For retail investors to buy government securities, National Stock Exchange of India (NSE) has launched a mobile application and web-based platform named “NSE goBID”.
- An alternative asset manager and a wholly owned subsidiary of SBI Capital Markets, SBICAP Ventures (SVL), has launched two funds for the small and medium enterprises (SMEs) and affordable housing sectors.
- To examine issues related to the surplus capital of Rs 9.69 lakh crore with the central bank, RBI board decided to set up a high-powered committee for restructuring stressed assets in the MSME sector.
- For resolving large bad loans, the chairman of a bankers’ panel, Sunil Mehta, had announced that an asset management company (AMC) has been formed and will be called as Sashakt India Asset Management.
- From November 15 to February 28, Karnataka Bank has launched a special campaign for opening current account and savings accounts (CASA).
Appointments
- To fight for child rights, singer Nahid Afrin of Assam has been appointed as the first ‘Youth Advocate’ of the northeastern region by the UNICEF.
- Facebook Inc.-owned messaging service WhatsApp has appointed Abhijit Bose as head of WhatsApp India.
Honour, Awards and Ranks
- 8th Forbes India Leadership Awards (FILA), which has had 9 categories to acknowledge the outstanding contributions of CEOs, entrepreneurs and business leaders of diverse backgrounds, was released in Mumbai.
