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.
NITI Aayog plans to launch the National Data and Analytics Platform, which will deliver government data in a user-friendly manner and encourage data-driven decision making and research.
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