Knight Frank ranks India 6th globally in ultra-high net worth individual population
[Knight Frank, United States]
Key Updates:
- Knight Frank ranks India as the sixth-largest country globally by ultra-high net worth individual (UHNWI) population.
- India is home to 19,877 UHNWIs with net worth exceeding $30 million in 2026, accounting for 2.8% of the global UHNWI population.
- The UHNWI population in India is projected to grow by 27% to 25,217 by 2031.
- In 2026, the share of UHNWIs in India's top five cities is Mumbai (35.4%), Delhi (22.8%), Bengaluru (10.6%), Hyderabad (6.3%), and Chennai (4.8%).
- India ranks third globally in billionaire population with 207 billionaires in 2026, following the United States of America (USA) with 914 and Mainland China with 485.
- India's billionaire population is expected to increase by 51% to 313 by 2031, raising its global share from 6.7% to 8%.
- The global UHNWI population rose to 713,626 in 2026, compared to 551,435 in 2021.
Similar Coverage
- Gautam Adani, Founder-Chairman of Adani Group, reclaimed the title of Asia’s richest person with a net worth of $92.6 billion, ranking 19th globally.
- Mukesh Ambani, head of Reliance Industries, ranked 20th globally with a net worth of $90.8 billion after experiencing a wealth decline of $16.9 billion.
- Elon Musk retained the top global position with a net worth of $656 billion, followed by Larry Page at $286 billion and Jeff Bezos at $269 billion.
- The top 10 global rankings include Sergey Brin ($266 billion), Mark Zuckerberg ($239 billion), Larry Ellison ($230 billion), Michael Dell ($170 billion), Jensen Huang ($164 billion), Bernard Arnault ($164 billion), and Jim Walton ($150 billion).
- Elon Musk recorded the highest wealth gain of $36.7 billion between 2025 and 2026, while Bernard Arnault saw the steepest decline of $44 billion.
- In the regional rankings, Zhang Yiming and Zhong Shanshan followed Adani and Ambani with net worths of $68.7 billion and $68.2 billion respectively.
- Gautam Adani ranked 19th among those who added the most to their fortunes, with a net worth increase of $8.10 billion over the year.
- Gautam Adani emerged as the wealthiest individual in Asia according to the latest data from the Bloomberg Billionaires Index.
- Gautam Adani secured the 19th position in the global wealth rankings with a net worth of $92.6 billion.
- Mukesh Ambani ranked as the 20th richest person in the world with a total net worth of $90.8 billion.
- Gautam Adani added $8.1 billion to his fortune this year, while Mukesh Ambani recorded a decline of $16.9 billion during the same period.
- Elon Musk remains the world's richest individual with a net worth of $656 billion, followed by Larry Page at $286 billion.
- Bernard Arnault recorded the sharpest decline among the top 20 billionaires this year, losing $44 billion.
- The top 10 global billionaires include Jeff Bezos, Sergey Brin, Mark Zuckerberg, Larry Ellison, Michael Dell, Jensen Huang, Bernard Arnault, and Jim Walton.
- 65 per cent of Indian respondents believe the country is heading in the right direction, placing India third globally behind Singapore (78 per cent) and Malaysia (73 per cent).
- The Ipsos “What Worries the World” survey for March 2026 covered 29 markets and found that 25 countries had majority pessimism, while India and select Southeast Asian economies showed net optimism.
- 74 per cent of Indians describe the current economic situation as good, and the Economic Expectations Sub-Index for India rose 6.6 percentage points earlier in 2026.
- India’s Real GDP is estimated to grow at approximately 7.4 per cent in FY 2025-26, with the economy valued at over US$ 2.2 trillion.
- Inflation is the top worry for 47 per cent of Indian respondents, followed by unemployment (40 per cent), education (30 per cent), crime and violence (27 per cent), and financial and political corruption (26 per cent).
- The survey was conducted between 20 February and 6 March 2026 with approximately 2,200 participants in India, primarily representing urban populations across socio-economic classes A, B, and C in metropolitan and tier 1–3 cities.
- Indian tech startups raised USD 11.7 billion in FY 2025-26, an 18% decline from USD 14.3 billion in FY 2024-25.
- Early-stage funding surged 33% to USD 4.8 billion in FY26 from USD 3.6 billion in FY25.
- India ranked fourth-highest funded country globally in FY26, behind the US, UK, and China.
- FinTech firms secured USD 2.4 billion in FY26, up 14% from USD 2.1 billion in FY25.
- Enterprise Applications received USD 3.6 billion in FY26, same as FY25.
- Late-stage startups raised USD 5.6 billion in FY26, down 38% from USD 9.2 billion in FY25.
- Seed-stage funding declined 15% to USD 1.3 billion in FY26 from USD 1.5 billion in FY25.
- India witnessed 13 funding rounds above USD 100 million in FY26, compared to 23 in FY25.
- India Tech recorded 47 IPOs in FY26, up 52% from 31 IPOs in FY25.
- Six unicorns were created in FY26, a 50% increase from four in FY25.
Bharat-Bhutan Mystic Mountain Tour: IRCTC to operate Bharat Gaurav Deluxe AC Tourist train
[Indian Railway Catering and Tourism Corporation (IRCTC), Bhutan]
Key Updates:
- The Indian Railway Catering and Tourism Corporation (IRCTC) announced the launch of the Bharat Gaurav Deluxe AC Tourist train for the Bharat-Bhutan Mystic Mountain Tour package.
- The 13 nights and 14 days journey is scheduled to run from May 5 to May 18, 2026, starting from Delhi Safdarjung.
- Boarding and de-boarding points for the tour are available at Ghaziabad, Aligarh, Tundla, Kanpur, Lucknow, and Varanasi railway stations.
- The tour covers Indian destinations including Guwahati (Kamakhya temple, Brahmaputra cruise), Cherrapunji (Seven Sisters’ waterfalls, Mawsamai caves, Nohkhalikai Falls, Elephanta Falls), and Shillong (Cathedral Church, Wards Lake, Umium Lake).
- The itinerary includes Bhutanese destinations: Thimphu (Buddha Point, Motithang Zoo, Painting School, National Library, Thimphu Handicraft market, Tashi Chho Dzong), Punakha (Dochula Pass, Punakha Dzong), and Paro (Lamperi Royal Botanical Park, Tamchog Lhakhang Iron Bridge, Paro Dzong, Tiger Nest basecamp Point, National Museum, Hot stone Bath).
- The train has a total capacity of 162 passengers, featuring Superior AC I Coupe (32 berths), Superior AC I Cabin (38 berths), Deluxe AC II tier (36 berths), and Comfort AC III tier (56 berths).
- The package fares are ₹1,41,540 for AC I Cabin/Coupe, ₹1,33,210 for AC II, and ₹1,16,545 for AC III.
- Package inclusions consist of vegetarian onboard and off-board meals, all transfers, sightseeing by coach, and accidental travel insurance.
Similar Coverage
- National Institution for Transforming India (NITI Aayog) launched the anthology titled "Divya Bharat: A Window to the Soul of India" on 17 April 2026.
- The initiative aims to inspire citizens and global travellers to explore India's diverse tourism landscape through a structured and immersive approach.
- The anthology presents tourism offerings through a seasonal lens, covering iconic landmarks, heritage sites, cultural traditions, festivals, cuisines, and lesser-known destinations across all States and Union Territories.
- The launch was a collaborative effort involving NITI Aayog, the Ministry of Tourism, and the Ministry of Culture.
- Industry and academic partners participating in the launch included Airbnb, Atithi Foundation, Indian School of Public Policy (ISPP), Indian Institute of Tourism and Travel Management (IITTM), and Internet and Mobile Association of India (IAMAI).
- The Indian Army, in association with IconMetrix, will host the Surya Devbhoomi Challenge 2.0 in the Uttarakhand Himalayas.
- The high-altitude endurance event will span 113 kilometres in the Badrinath–Kedarnath corridor from 16 to 20 April 2026.
- The event is organised with the support of the Government of Uttarakhand and Uttarakhand Tourism.
- Chief of Defence Staff (CDS) General Anil Chauhan will interact with athletes during the Expo on 16 April.
- The challenge will feature participation from the Indian Navy and Indian Air Force.
- The event aims to promote sustainable mountain tourism and border region engagement.
- The closing ceremony on 20 April is expected to feature the Chief Minister of Uttarakhand, Pushkar Singh Dhami.
- The 7th Joint Group of Customs (JGC) meeting between India and Bhutan was held on 20th–21st April 2026 in Munnar, Kerala.
- The meeting was co-chaired by Yogendra Garg, Special Secretary and Member (Customs) of the Central Board of Indirect Taxes and Customs (CBIC), and Mr. Sonam Jamtsho, Director General of the Department of Revenue and Customs, Ministry of Finance, Royal Government of Bhutan.
- India is the largest trading partner of Bhutan, accounting for nearly 80% of Bhutan's total trade.
- Bilateral trade between the two nations exceeded $1.9 billion in FY 2024–25, reflecting a growth of over 46% compared to the previous financial year.
- There are 10 notified land customs stations along the India–Bhutan border, located in West Bengal (6) and Assam (4).
- Priority areas discussed included Coordinated Border Management (CBM), digitization of customs processes, and the Electronic Cargo Tracking System (ECTS) for transit cargo movement.
- The sides discussed a Memorandum of Understanding (MoU) on pre-arrival exchange of customs data and the strengthening of anti-smuggling mechanisms through intelligence sharing.
- The Bhutanese delegation visited the Kochi Port to review import and export procedures, maritime enforcement, and the Automatic Identification System (AIS).
- The engagement is conducted under the framework of the Agreement on Trade, Commerce and Transit.
- Divya Singh from Uttar Pradesh became the first woman of India to reach Everest Base Camp by bicycle after a 14-day journey from Kathmandu.
- She cycled 10–12 hours daily, carrying her bicycle on shoulders when trails were too steep or unrideable.
- A viral video shows her holding the Indian flag at Everest Base Camp upon completion of the expedition.
SMILE–Beggary Survey Mobile Application for real-time data collection and monitoring
[Ministry of Social Justice and Empowerment (India)]
Key Updates:
- The Ministry of Social Justice & Empowerment (MSJE) launched the SMILE–Beggary Survey Mobile Application.
- The application was launched during the Chintan Shivir held in Chandigarh from 24th to 26th April 2026.
- The tool was developed under the SMILE–Beggary Sub-Scheme (Comprehensive Rehabilitation of Persons Engaged in the Act of Begging).
- The application aims to strengthen field-level implementation through real-time data collection and improved monitoring.
- It enables district authorities and implementing agencies to capture survey data digitally to ensure accuracy, transparency, and timely reporting.
- The initiative aligns with the Government’s vision of achieving a Bhiksha Vritti Mukt Bharat.
Similar Coverage
- The Ministry of Education (MoE) introduced the Self Assessment Test and Help for Entrance Exams (SATHEE) app as a digital learning platform for competitive examinations.
- The application was developed as an initiative by the MoE in association with the Indian Institute of Technology (IIT), Kanpur.
- The platform offers free preparation resources for various exams, specifically Joint Entrance Examination (JEE), National Eligibility cum Entrance Test (NEET), Staff Selection Commission (SSC), Institute of Banking Personnel Selection (IBPS), and Common University Entrance Test (CUET).
- Academic content provided includes video lectures and notes from experts at the IIT and other educational institutions.
- The app features study materials, including previous year question papers, available in multiple Indian languages including Hindi and English.
- The platform is designed with a simple interface to facilitate access for students in rural areas and those unable to afford private coaching academies.
- Maharashtra government launched the country’s first integrated Divyang Sahayak Portal to streamline welfare schemes for persons with disabilities.
- The portal enables online applications, real-time tracking and automatic approvals without physical documents.
- It integrates with Unique Disability ID, Aadhaar through Meri Pehchan and Direct Benefit Transfer platform; integration with PAN, TAN, GST, bank details, e-Sign, UDISE and RBSK is underway.
- Artificial intelligence tools scan uploaded documents for clarity and allocate grievances to the appropriate desk.
- The portal is structured into 11 modules; the first four—unified scheme delivery, institution information management, citizen grievance redressal and department dashboard—are ready to go live.
- A mobile application has been created and submitted to the Government of India for listing on its app store.
- The two-day National Chintan Shivir was organised by the Ministry of Minority Affairs at Nalanda University in Rajgir, Bihar.
- Union Minister of Minority Affairs Kiren Rijiju inaugurated the NIGRANI App, Haj Wrist Band and AI Chatbots during the event.
- Pradhan Mantri Jan Vikas Karyakram (PMJVK), Pradhan Mantri Virasat Ka Samvardhan (PMVIKAS), National Minorities Development and Finance Corporation (NMDFC), UMEED Central Portal and Haj modernisation were showcased as key minority welfare initiatives.
- Union Minister of State for Minority Affairs George Kurian described PMJVK as a transformative scheme for infrastructure development in minority concentration areas.
- Secretary, Ministry of Minority Affairs, Chandra Shekhar Kumar, acknowledged the support of the Bihar Government and Nalanda University officials for hosting the Shivir.
- State Ministers Imkong Mar (Nagaland), Kento Jini (Arunachal Pradesh), Samdup Lepcha (Sikkim) and Sukla Charan Noatia (Tripura) shared regional perspectives on minority welfare schemes.
- The Chintan Shivir focused on five thematic areas: Infrastructure Development (PMJVK), Socio-economic Empowerment (PMVIKAS + NMDFC), Waqf Management, Haj Management and Scholarship Schemes.
India to attend Shanghai Cooperation Organisation (SCO) Defence Ministers’ Meeting in Bishkek on April 28
[Shanghai Cooperation Organisation (SCO)]
Key Updates:
- Defence Minister Rajnath Singh will lead the Indian delegation to the Shanghai Cooperation Organisation (SCO) Defence Ministers’ Meeting in Bishkek on April 28.
- The meeting will focus on regional and global security issues, including international peace, counter-terrorism, and defence cooperation.
- The SCO was established in 2001 in Shanghai.
- The members of the SCO include India, Russia, China, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Uzbekistan, Iran, and Belarus.
- India became a full member of the SCO in 2017.
- India held the rotating chairmanship of the SCO in 2023.
Similar Coverage
- Defence Minister Rajnath Singh will lead the Indian delegation at the Defence Ministers' meeting of the Shanghai Cooperation Organisation (SCO).
- The high-level meeting is scheduled to be held in Bishkek on April 27–28, 2026.
- The agenda for the meeting includes discussions on terrorism, extremism, and regional security concerns.
- President Alexander Stubb of Finland arrived in New Delhi on 4 March 2026 on a State Visit to India and received a ceremonial welcome and Guard of Honour.
- Minister of State for External Affairs V. K. Singh received President Stubb at the airport.
- President Stubb will be the Chief Guest and Keynote Speaker at the 11th edition of Raisina Dialogue 2026 scheduled from 5-7 March in New Delhi.
- During the visit, President Stubb will hold talks with Prime Minister Narendra Modi and attend a luncheon hosted by him.
- President Stubb will also meet President Droupadi Murmu, Vice President C. P. Radhakrishnan, and External Affairs Minister S. Jaishankar.
- After Delhi, President Stubb will travel to Mumbai and meet Maharashtra Governor Acharya Devvrat and Chief Minister Devendra Fadnavis.
- This is President Stubb's first visit to India in his current role as President.
- Prime Minister (PM) Narendra Modi is scheduled to arrive in Israel on 25 February 2025 for a two-day official visit.
- PM Modi is expected to address the Knesset (Israeli parliament) and hold meetings with Israeli PM Benjamin Netanyahu and President Isaac Herzog.
- Knesset Speaker Amir Ohana announced that former lawmakers will occupy opposition benches if current members boycott the address.
- The Leader of Opposition (LOP) Yair Lapid has demanded that Supreme Court (SC) President Yitzhak Amit be invited to the session as per protocol.
- The political dispute is linked to Israel's judicial overhaul controversy and Justice Minister Yariv Levin's refusal to recognise the authority of SC President Amit.
- Prime Minister Narendra Modi visited Dera Sach Khand Ballan, the spiritual headquarters of the Ravidassia community, in Jalandhar on 1 February 2026.
- The Ravidassia community and other backward classes comprise approximately one-third of the total population of Punjab.
- The visit is highlighted as a symbol of the fulfilment of the vision of Babasaheb Dr Bhimrao Ambedkar for a society providing equal opportunities for backward classes.
- Satnam Singh Sandhu, a Member of Parliament (MP) in the Rajya Sabha, described the outreach as a boost to social inclusion and investment sentiment in the border state.
Indian Institute of Tropical Meteorology (IITM) installs X-band Doppler Weather Radar in Mahabaleshwar
[Indian Institute of Tropical Meteorology (IITM), Maharashtra]
Key Updates:
- The Indian Institute of Tropical Meteorology (IITM) commissioned an X-band dual-polarisation Doppler Weather Radar in Mahabaleshwar under the Mission Mausam initiative.
- The radar is installed at the High Altitude Cloud Physics Laboratory (HACPL) at an altitude of approximately 1,400 metres above sea level.
- The system provides hyperlocal nowcasting forecasts up to three hours ahead for Pune, Satara, Mumbai, and parts of Konkan.
- The radar operates at 9.45 GHz using solid-state power amplifier technology with a spatial resolution of 75 metres and updates every 6–10 minutes.
- Real-time data from the radar is shared with the India Meteorological Department (IMD) and the National Centre for Medium-Range Weather Forecasting (NCMRWF).
- The dual-polarisation capability of the radar enables the detection of microphysical parameters such as ice, graupel, hail, and snow.
- The radar will support the defence sector for nowcasting severe weather events as Pune is an Air Force station.
Similar Coverage
- Nagaland higher education department signed an MoU with India Meteorological Department (IMD), Ministry of Earth Sciences, at the directorate of higher education in Kohima.
- The MoU was signed in the presence of higher education minister Temjen Imna Along, secretary of higher and technical education Sarita Yadav, ex-officio director of higher education V Lovitoly Sema, and IMD representatives.
- The collaboration will install one X-Band Polarimetric Doppler Weather Radar (DWR) at Dimapur Government College under the ‘Mission Mausam Scheme’ initiative of the Government of India.
- The initiative focuses on urban meteorology, disaster preparedness, and agricultural advisories to enhance public safety and protect lives and property.
- The institutional cooperation will promote academic engagement, research collaboration, and capacity building in meteorological and atmospheric sciences.
- World Meteorological Day is observed annually on March 23 to commemorate the formal establishment of the World Meteorological Organisation (WMO).
- The theme for World Meteorological Day 2026 is Observing today, protecting tomorrow.
- The World Meteorological Organisation (WMO) is a specialised agency of the United Nations (UN) that coordinates global weather and climate activities.
- The first-ever World Meteorological Day was celebrated in 1961, eleven years after the establishment of the WMO in 1950.
- The WMO facilitates international collaboration for weather forecasting, climate monitoring, and the sharing of crucial weather data between countries.
- The organisation supports research on climate change, water resources, and environmental monitoring while promoting technological innovations like satellite technology and supercomputers.
- The WMO provides data that assists governments in disaster preparedness, helps farmers with crop strategies, and enables safer operations for airlines and fishermen.
- NASA and Indian Space Research Organisation (ISRO) joint mission NISAR obtained a radar image of Mount St. Helens on 10 November 2025.
- NISAR's radar penetrates clouds, enabling year-round monitoring of Earth's surface changes.
- Colour-coded radar maps highlight roads and buildings in magenta, landforms or moisture in yellow, forests and wetlands in yellow-green, water or bare mountaintops in dark blue, and human impact areas like deforestation in purple.
- Union Minister Jitendra Singh announced the establishment of a Doppler weather radar in Doda and a permanent seismological observatory in Kishtwar, Jammu and Kashmir.
- The Doppler weather radar will strengthen weather forecasting capabilities in the region.
- The permanent seismological observatory will improve earthquake monitoring and enhance disaster preparedness.
- Site selection for automated weather stations in Paddar and Machail (Kishtwar) has been completed and installation will begin soon.
- Development of an airstrip in Kishtwar under the UDAN scheme was discussed, focusing on acquiring additional land.
- The proposal for developing a Saffron Park in Kishtwar, pending for 12 years, was reviewed and authorities were directed to finalise land suitability.
- Promotion of cumin seeds under the One District One Product initiative was emphasised to boost local produce.
PV Sindhu joins BWF Council as voting member
[Badminton World Federation (BWF)]
Key Updates:
- PV Sindhu has assumed a full voting position on the Council of the Badminton World Federation (BWF).
- Sindhu was elected as the Chair of the BWF Athletes' Commission.
- She officially entered the BWF Council at the end of 2025.
- Her first appearance before the global badminton membership took place during the BWF Annual General Meeting in Horsens.
- Khunying Patama Leeswadtrakul is the President of the BWF.
Similar Coverage
- Jay Shah, the Chairman of the International Cricket Council (ICC), has been selected for the Young Global Leaders (YGL) Class of 2026 by the World Economic Forum (WEF).
- He was recognised for his role in shaping the future of global cricket and his instrumental efforts in including the sport in the 2028 Los Angeles Olympics.
- Jay Shah previously served as the youngest secretary of the Board of Control for Cricket in India (BCCI) and managed Indian Premier League (IPL) operations and media rights deals.
- The YGL Class of 2026 comprises 118 leaders under the age of 40 from 55 countries, spanning sectors such as public service, science, business, and civil society.
- Other notable figures in the 2026 cohort include Tomas Okmanas of Nord Security, Jennifer Zhang of WIZ.AI, Thea LaFond, and Professor Sally Nuamah.
- Anahat Singh won the Asian Squash Federation (ASF) Girls' Player of the Year award, also known as the Hassan Musa award.
- Abhay Singh secured the ASF Men's Player of the Year Award, also called the Dato Alex Lee Award.
- Japan's Satomi Watanabe received the senior ASF Women's Player of the Year award.
- Anahat is ranked world number 20 in senior women's singles and has claimed 16 PSA level titles.
- Anahat became the youngest Asian women's squash player to enter the world's top 20, surpassing Malaysia's Nicol David.
- India last won ASF Awards in 2022 through Saurav Ghosal and Joshna Chinappa in men's and women's categories respectively.
- Squash will make its Olympic debut at the 2028 Los Angeles Games.
- The 2026 Badminton Asia Team Championships (BATC) will be held in Qingdao, China, from 4 February to 8 February 2026.
- Lakshya Sen, the World number 13, will lead the Indian men's team which includes HS Prannoy, Kidambi Srikanth, Ayush Shetty, and Tharun Mannepalli.
- The Indian men's doubles contingent features Satwiksairaj Rankireddy, Chirag Shetty, Pruthvi Krishnamurthy Roy, Sai Pratheek K, and Hariharan Amsakarunan.
- The Indian women's team will defend their title without PV Sindhu, who withdrew due to medical concerns as confirmed by the Badminton Association of India (BAI).
- The women's singles squad consists of Unnati Hooda, Tanvi Sharma, Rakshitha Sree Santhosh Ramraj, Malvika Bansod, and Surya Charisma Tamiri.
- The women's doubles team includes Treesa Jolly, Gayatri Gopichand, Priya Konjengbam, Shruti Mishra, and Tanisha Crasto.
- The Indian men's team is placed in Group C alongside Singapore and Japan, while the women's team is in Group Y with Myanmar and Thailand.
- The tournament format allows the top two teams from each group to progress to the quarterfinals of the biennial continental event.
- The event will be live-streamed on the Sony Sports Network and the official YouTube channel of Badminton Asia.
- The 2026 Badminton Asia Team Championships (BATC) is a biennial continental event scheduled to be held in Qingdao, China.
- The Badminton Association of India (BAI) confirmed that PV Sindhu withdrew from the women's team due to medical concerns.
- The Indian women's team is the defending champion, having won the gold medal in the previous edition of the BATC held in Malaysia.
- India's women's team is placed in Group Y alongside Myanmar and Thailand, while the men's team is in Group C with Singapore and Japan.
- The men's squad includes Lakshya Sen, Ayush Shetty, Kidambi Srikanth, HS Prannoy, Tharun Mannepalli, Satwiksairaj Rankireddy, Chirag Shetty, Pruthvi Krishnamurthy Roy, Sai Pratheek K, and Hariharan Amsakarunan.
- The women's squad features Unnati Hooda, Tanvi Sharma, Rakshitha Sree Santhosh Ramraj, Malvika Bansod, Surya Charisma Tamiri, Treesa Jolly, Gayatri Gopichand, Priya Konjengbam, Shruti Mishra, and Tanisha Crasto.
- The tournament matches will be live-streamed on the Sony Sports Network and the official YouTube channel of Badminton Asia.
B Ramesh Babu reappointed as MD & CEO of Karur Vysya Bank
[Reserve Bank of India, Karur Vysya Bank]
Key Updates:
- B Ramesh Babu has been reappointed as the Managing Director (MD) and Chief Executive Officer (CEO) of Karur Vysya Bank.
- The Reserve Bank of India (RBI) approved the reappointment.
- The appointment is for his third term.
Similar Coverage
- Rajneesh Karnatak, Managing Director (MD) and Chief Executive Officer (CEO) of Bank of India (BoI), has had his tenure extended for three years effective April 29, 2026.
- Karnatak was appointed as MD and CEO of BoI in 2023 for a term of three years.
- Debadatta Chand, MD and CEO of Bank of Baroda (BoB), has had his tenure extended for three years effective July 1, 2026.
- The extension for Chand was approved by the Appointment Committee of the Cabinet (ACC), which is headed by Prime Minister Narendra Modi.
- Ashutosh Choudhary has had his term as Executive Director of Indian Bank extended for another three years.
- The term of Ashwani Kumar, MD and CEO of UCO Bank, ends on June 1, 2026.
- The Appointments Committee of the Cabinet (ACC) approved the tenure extensions via an official order dated April 22.
- Rajneesh Karnatak received a three-year extension as Managing Director (MD) and Chief Executive Officer (CEO) of Bank of India (BoI) beyond August 28, 2026.
- Debadatta Chand received a three-year extension as MD and CEO of Bank of Baroda (BoB) beyond June 30, 2026.
- Ashutosh Choudhury received a three-year extension as Executive Director at Indian Bank beyond May 2, 2026.
- The approvals were cleared following proposals from the Department of Financial Services under the Ministry of Finance.
- Reserve Bank of India (RBI) sanctioned the appointment of former RBI Executive Director Jose Joseph Kattoor as non-executive part-time chairman of South Indian Bank on 3 February 2026.
- Kattoor’s chairmanship is effective 23 March 2026 for a three-year term.
- He served at RBI from 1991 to 2023 and led departments including enforcement, corporate strategy, currency, and human resources.
- Kattoor has been an independent director on South Indian Bank’s board since 18 July 2024.
- Reserve Bank of India (RBI) conveyed approval through a letter dated 9 February 2026.
- Appointment effective 1 May 2026 for a period of three years.
- R. Vijay Anandh is currently Executive Director of City Union Bank.
- Appointment subject to approval by City Union Bank shareholders.
- City Union Bank Q3 net profit rose 16% year-on-year to ₹332 crore.
- Net interest income increased 28% to ₹752 crore in Q3 from ₹587.7 crore a year ago.
- Gross non-performing assets declined to 2.17% from 2.42% quarter-on-quarter.
- Net NPAs eased to 0.78% from 0.90% sequentially.
- City Union Bank shares closed 1.25% lower at ₹288.80 on NSE.