RBI launches Retail Direct mobile app: ICICI fined ₹1 crore; Yes fined ₹90 lakh, IRCTC profit rises 2% to ₹284 crore

Yesterday’s big news was related to RBI’s Retail Direct app. The Reserve Bank of India has launched the ‘RBI Retail Direct’ mobile app on Tuesday, May 28. Through this, retail investors can buy and sell government securities online. At the same time, the profit of Indian Railway Catering and Tourism Corporation i.e. IRCTC in the fourth quarter (January-March) of FY 2024 has increased by 2% on a yearly basis (YoY) to Rs 284 crore. The company’s standalone net profit was Rs 278 crore in the same quarter a year ago. Before tomorrow’s big news, today’s major events, which will be watched… Now read tomorrow’s big news… 1. ‘RBI Retail Direct’ mobile app launched: Through this, retail investors can buy and sell government securities online The Reserve Bank of India has launched the ‘RBI Retail Direct’ mobile app on Tuesday, May 28. Through this, retail investors can buy and sell government securities online. This app has become available for both iOS and Android users. Retail Direct Scheme was launched in November 2021 to increase the participation of retail investors in government securities. Since then, retail investors can invest in government bonds through the website rbiretaildirect.org.in. Click here to read the full news… 2. ₹ 1 crore fine on ICICI, ₹ 90 lakh fine on Yes: RBI imposed penalty for not following standards in loan and customer service The Reserve Bank of India (RBI) has imposed a fine on two private banks. A fine of Rs 1 crore has been imposed on ICICI Bank and Rs 90 lakh on Yes Bank. This fine has been imposed for not following the standards related to loan and customer service. RBI’s investigation revealed that in the financial year 2021-22, ICICI Bank issued loans to many companies without proper investigation. Due to this the bank had to face financial risk. At the same time, Yes Bank has been fined for violating the standards related to customer service. Click here to read the full news… 3. IRCTC’s fourth quarter profit rises 2% to ₹284 crore: Company will pay dividend of ₹4 per share, share rises 67.71% in one year The profit of Indian Railway Catering and Tourism Corporation i.e. IRCTC has increased by 2% on a yearly basis (YoY) to Rs 284 crore in the fourth quarter (January-March) of FY 2024. The company’s standalone net profit in the same quarter a year ago was ₹278 crore. The company has announced a final dividend of ₹4 per share for the financial year 2024. Companies give a part of the profit to their shareholders, it is called dividend. IRCTC released its fourth quarter and annual results today i.e. on 28 May. Click here to read the full news… 4. Adani Enterprises to raise ₹16,600 crore: Company’s board approves, stock rises 35.71% in 6 months The board of Adani Enterprises, the flagship company of Adani Group, has approved raising ₹16,600 crore today i.e. on 28 May. The board has approved the company to raise funds through Qualified Institutional Placement (QIP) or any other means. Adani Enterprises gave information about this in the exchange filing. However, after getting approval from the board, now the company will have to seek approval from the shareholders in the Annual General Meeting (AGM) to be held on June 24. Earlier, Adani Enterprises had last taken board approval to raise ₹12,500 crore in May 2023, but then did not raise funds. Click here to read the full news… 5. Sony Pictures appoints Gaurav Banerjee as CEO: Till now he was in Disney, last week Sony’s CEO NP Singh resigned. Sony Pictures Networks India (SPNI) has appointed Disney star Gaurav Banerjee as its new Chief Executive Officer. Banerjee will join Sony in about two months. News agency Reuters has given this information quoting two people related to this matter. Last week, Sony Pictures Networks India MD and CEO NP Singh announced that he is going to leave his post after being associated with the company for 25 years. However, he will continue to lead until a new successor is found. Click here to read the full news… 6. First teaser of Tata Altroz ​​Racer released: Launching in June with features like sporty look and 360 degree camera, competing with Hyundai i20 N-Line. Tata Motors has released the first teaser of its most awaited car Altroz ​​Racer. This is the sporty version of the regular Altroz, which was first showcased at the Auto Expo-2023 and then also introduced at the India Mobility Global Expo this year. The company has shown a glimpse of half of the Altroz ​​Racer in the teaser. It has a new orange-black color scheme and an extended rear spoiler for a sporty feel. The design of its alloy wheel is the same as before, but in the Altroz ​​Racer, they have been given a black finish. Click here to read the full news… Now read the news of your need Tata AIA Life Insurance launches instant loan facility: Policy-holders will get a loan of ₹ 1 lakh in 1 minute, know the important things related to it Tata AIA Life Insurance has launched a new service, through which policy holders can take a loan of up to Rs 1 lakh instantly. This service allows customers to take an advanced loan of their insurance policy without losing coverage. The company has said that this loan can be easily availed through the MyDigiAccount portal. Through this, the loan amount will be deposited in the customer’s account within 1 minute. However, policy holders will be able to take loan only on selected life insurance policies. Click here to read the full news… Also see who were the top 10 richest people in the world yesterday… Know the status of yesterday’s stock market and gold-silver… Know the latest price of petrol-diesel and gas cylinder…

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