All Banking & Financial Awareness December 2024 I Part-2 I Detailed Explanation I Hindi

All Banking & Financial Awareness December 2024 I Part-2 I Detailed Explanation I Hindi Telegram Channel Link : https://t.me/decodeindian1 RBI Launches MuleHunterAI to Tackle India’s Escalating Financial Frauds RBI has created an artificial intelligence (AI) powered model that could reduce digital fraud by helping banks deal with the increasing problem of “mule” bank accounts. The model, called MuleHunter.AI, has been developed by the Reserve Bank Innovation Hub (RBIH), a subsidiary of RBI. RBI allows small finance banks to offer pre-sanctioned credit line on UPI The Reserve Bank of India (RBI) allowed small finance banks to offer pre-sanctioned credit lines through Unified Payments Interface (UPI). Previously, only scheduled commercial banks were allowed to offer pre-sanctioned credit lines on the flagship payments platform. Government appoints Rama Mohan Rao Amara as SBI Managing Director The government appointed Ram Mohan Rao Amara as one of the managing directors of State Bank of India (SBI) for three years. J&K Bank appoints Amitava Chatterjee as its new MD Jammu and Kashmir (J&K) Bank board has approved the appointment of Amitava Chatterjee as a MD and CEO for period of three years will be effective from 30 December 2024. Manish Jain Appointed Executive Director at YES Bank The RBI has approved the appointment of Manish Jain as Executive Director (ED) of Yes Bank for a period of three years, with effect from December 11, 2024. SBI Card Surpasses 20 Million Credit Cards Milestone SBI Card announced that the number of its credit cards in circulation has surpassed 20 million. SBI Card has witnessed strong growth of around 25 per cent CAGR in cards in force and 26 per cent CAGR in spends between FY19 and FY24 RBI Lifts Supervisory Restrictions on Navi Finserv RBI has decided to lift the afore-mentioned restrictions placed on Navi Finserv Limited, with immediate effect.