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The government has appointed independent directors on board of various public sector banks, including Union Bank of India, Punjab National Bank and Canara Bank, according to regulatory filings by banks. The government has appointed Non-Official Director( NOD) on the board of these banks for three years. The appointment done under the Banking Companies( Acquisition and Transfer of Undertakings) Act 1970 and 1980. Bank of Maharashtra in a filing said Department of Financial Services under Ministry

Organisers of the Global Fintech Fest( GFF) announced on Friday that the fintech festival aims to facilitate funding of over$ 10 million to start-ups in the fintech sector at the upcoming three-day event, scheduled from September 5-7 this year in Mumbai.... " In the start-up category, about$ 10 to 20 million funding will happen at the event itself," said Naveen Surya, a GFF organiser and advisory board member, to PTI.... Despite this decrease, the sector contributed more than 84 per cent of th

Competition is expected to soar in India's aviation sector during 2022, as new players enter the industry along with deeper penetration of air transport in hinterland. Accordingly, a new airline as well as more privately operated airports are expected to increase competition in the sector which has faced the brunt of the ongoing pandemic. Besides, expanding regional and intra-regional presence will continue to widen the scope of the industry. Moreover, passengers will gain from increased competi