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India’s biggest lender had earned a profit of Rs 20,698 crore in the January-March period of 2023-24

Poonam Gupta, who assumed charge recently as Deputy Governor, gets monetary policy department

Bank’s Deputy CEO Arun Khurana had tendered his resignation on Monday in the wake of accounting lapses costing Rs 1,960 crore to the private lender

The private sector lender had informed that a bank-appointed external auditor has determined a cumulative adverse accounting impact on P&L at Rs 1,959.98 crore as on March 31, which is similar to the amount disclosed on April 15

The Appointments Committee of the Cabinet has approved the re-appointment of Rabi Sankar for a period of one year with effect from May 3, 2025, or until further orders

The RBI Governor’s remarks came at a media briefing on being asked if more interest rate cuts are in the offing

The post of the Deputy Governor of RBI fell vacant after M D Patra demitted office in January.

Speaking at the closing ceremony of the commemoration of 90th year of Reserve Bank of India, President Murmu lauds RBI for taking proactive measures to strengthen and safeguard a secure banking environment