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Reserve Bank of India has imposed a penalty of Rs 93 lakh on Axis Bank for various violations, including those related to KYC guidelines. It had slapped a fine of Rs 90 lakh on IDBI Bank.

The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States, to regulate the international monetary and financial order after the conclusion of World War II.

Union Minister for Social Justice and Empowerment Dr. Virendra Kumar and Smt. Anandi Ben Patel, Governor, Uttar Pradesh to launch Dr. Ambedkar Centres of Excellence (DACE) Scheme from Banaras Hindu University, Varanasi.

Tata Consultancy Services (TCS) is expanding its strategic partnership with SBI Cards and Payments Services, India‟s largest pure-play credit card issuer, to power the latter‟s next leg of digital transformation. The new engagement is built on a decade-long partnership. TCS had helped the company transform its core cards sourcing platform and digitized a significant portion of the process.

India becomes the second country in the world today after China to start the 'trade-plus-one' (T+1) settlement cycle in top listed securities. This is aimed at bringing operational efficiency, faster fund remittances, share delivery, and ease for stock market participants.

Cyclone Asani, which developed over southeast regions of Bay of Bengal and intensified into a 'severe cyclone', was named by Sri Lanka. Asani means “wrath” in Sinhalese.

For 2022-23, the allocation has been increased to Rs 68,000 crore, 1% increase over the revised estimate in 2021-22 (Rs 67,500 crore).

An allocation of Rs. 60,000 crore has been made to cover 3.8 crore households in 2022-23 under Har Ghar, Nal Se Jal Scheme.

Azadi Se Antyodaya Tak was launched today by Rural Development and Panchayati Raj Minsiter Giriraj Singh in New Delhi. The 90-day campaign is launched with a mission to saturate 75 Districts across 28 States and UTs with beneficiary schemes of nine central ministries.

President Woodrow Wilson signed the Federal Reserve Act in December 1913, culminating three years of discussion and debate over the development of a central bank.