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NEWSLETTER, Tuesday 14th March 2023

Govt appoints Siddhartha Mohanty as interim chairman of LIC

Siddhartha Mohanty, the present MD and CEO of Life Insurance Corporation of India (LIC), has been appointed as LIC's interim Chairperson.

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IndusInd Bank gets RBI nod for reappointing Sumant Kathpalia as MD & CEO

The Reserve Bank of India (RBI) has confirmed Sumant Kathpalia's re-appointment as Managing Director and Chief Executive Officer (MD & CEO) of IndusInd Bank for a two-year term beginning March 24, 2023.

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Paytm Payments Bank enables UPI LITE for small value UPI transactions

Paytm Payments Bank Limited (PPBL) announced on Thursday that it has launched UPI LITE, a capability enabled by the National Payments Corporation of India (NPCI) for multiple small-value UPI transactions, enabling its users to make lightning-fast UPI payments.

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RBL Bank names Deepak Ruiya as deputy CFO

Deepak Ruiya has been promoted to the position of deputy chief financial officer, effective from March 2023.

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Rural fintech ensuring faster digital adoption

In the last 4-5 years, rural fintech in India is leading the digital disruption. These niche segments are focused on the organisations and are simplifying banking and finance through technology.

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Bandhan Bank inaugurates first Mega Currency Chest in Kolkata

Bandhan Bank has announced the inauguration of its Kolkata Mega Currency Chest.

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