Following Trudeau's rocky relationship with India, Mark Carney, the newly elected leader of Canada's Liberal Party, promises to rebuild the strained ties between the two nations if he becomes prime minister. Carney, who has previously served as the governor of the Bank of Canada and Bank of England, expressed his desire to diversify Canada's trade relationships with like-minded countries, including India. With his win, Carney now faces the challenge of repairing the damaged relations with India while also navigating Canada's trade tensions with the US under President Trump.
Bollywood actor Preity Zinta has called out the Congress party for circulating false reports of her being involved in the New India Cooperative Bank corruption scandal. She clarified that the loan amount being mentioned has already been repaid over a decade ago and slammed the party for promoting fake news and dragging her name into the controversy. Zinta has denied any connection with the BJP and has demanded an apology from Congress Kerala for spreading false information.
In a move that has sparked attention and speculation, former Reserve Bank of India governor Shaktikanta Das has been appointed as the principal secretary-2 to the prime minister. This high-level bureaucratic change has stirred up discussions on the role of non-political appointees in the Indian government.
To commemorate the official recognition of certain Northeastern states in the Indian Union, banks in Arunachal Pradesh and Mizoram will be closed on February 20, their respective statehood day. While physical branches will remain shut, customers can still carry out online banking transactions and services. This has been mandated by the Reserve Bank of India and will affect scheduled commercial banks, cooperative banks, and regional rural banks.
The New India Co-Operative Bank has sparked chaos and desperation as customers are being denied access to their own accounts. Families who had saved together for important life events are struggling as the bank only allows access to lockers. This situation has caused outrage among depositors who are facing financial uncertainty and lack of information from the bank.
The State Bank of India is set to release the SBI Clerk Prelims Admit Card 2025 on 10 February along with the exam date for the 14,191 vacancies of Junior Associate (Clerk). Candidates can download their admit card from the official website, sbi.co.in, using their registration number and DOB/password. Make sure to have all necessary documents ready and follow the steps provided to ensure a smooth exam experience.
The State Bank of India has released the admit card for the first phase of the SBI Clerk recruitment exam. The exam is scheduled for February and March of 2025 and will have negative marking for wrong answers. This recruitment is for 13,735 positions for Junior Associates and candidates are advised to prepare well and download their admit cards in advance. The story also includes a mention of a woman who left her MNC job to become an IPS officer and encourages readers to check out the publication's editorial guidelines and standards.
In its final monetary policy meeting of the fiscal year 2025, the Reserve Bank of India has announced a 25 basis point reduction in the repo rate, marking the country's first rate cut in nearly five years. Along with the rate cut, the SDF and MSF have also been reduced, and the bank rate has been brought down to 6.5%. RBI Governor Sanjay Malhotra has projected India's GDP growth for the next fiscal year and maintained the inflation target, while industry leaders in the fintech sector have praised the central bank's focus on strengthening digital security and enhancing user protection.
The Indian government has announced a new Fund of Funds Scheme (FFS) with a corpus of Rs 10,000 crore to support the growth of startups in the country. The scheme, operationalized by the Small Industries Development Bank of India (SIDBI), provides capital to registered alternative investment funds (AIFs) that in turn invest in startups. With commitments of over Rs 91,000 crore from AIFs, the government plans to further expand the scheme with an additional contribution of Rs 10,000 crore. The AIFs supported by the scheme include prominent names such as Chiratae Ventures, India Quotient, Blume Ventures, and JM Financial.
The stock market witnessed a massive plunge, causing investors to lose a whopping Rs. 9.28 Lakh Crore. ICICI Bank saw a 2% rise in stock after reporting strong Q3 earnings, but it wasn't enough to stem the overall market trend. ICICI Pru Life, UltraTech Cement, MCX, Wipro, and Dr. Reddy's were among the companies that saw stock prices plummet after disappointing earnings reports. LIC MF, Aditya Birla, and Bank of India added to their investment portfolio by buying shares of Manorama, while HDFC Life saw a 12% surge in stock after announcing strong Q3 earnings.