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Manoranjan Mishra, a chief general manager at the department of non-banking regulation at RBI, said there is a growing interest in the asset reconstruction companies (ARCs) and the central bank has received several applications for setting up new ARCs. “For ARCs, sponsors have to be ‘fit and proper’. The criterion for fit and proper is something that we are working on and we’ll come out with some regulations around it. It will be more formalization of what we already have,” Mishra said at an NBCF meet organized by industry lobby IMC.",Amrita Prasad, a senior copy editor with The Indian Express, has been named the Out & Loud Journalist of the Year by the MIST LGBTQ Foundation. The awards were announced at the end of a three-day film festival organised by the foundation in Pune last weekend.",Intel introduced a new software for Windows PCs called Thunderbolt Share on Wednesday. This further enhances PC-to-PC connectivity experiences when two devices are connected over Thunderbolt 4 or Thunderbolt 5 technologies.",Instagram has launched a new video-music remix feature, called Instagram Reels, to take on rival ByteDance’s TikTok. It lets people make 15-second video clips with background music and share them to their Stories. The company has also added a new Top Reels section to its Explore tab.",regularly organizes loyalty programs, with different levels, rewards and incentives that increase according to the level of player participation.⚡,In a pre-budget representation, the All-India Bank Employees Association said, “to facilitate loan recoveries, laws should be enacted/amended to confiscate personal assets of the directors in case of default by a company.”",Also Read: Fossil Misfit Vapor smartwatch launched in India at price of Rs 14,995",“They may initiate the process of negotiations for the next revision,” the Department of Financial Services (DFS) said in a letter to the Chairman of State Bank of India and MDs and CEOs of public sector banks.",Leave your guesses in the comments.RT if you ❤️ #WirelessFreedom. pic.twitter.com/NoL9XmHaAa",Oscar-winning actor Kevin Spacey pleaded not guilty on Thursday to charges of sexually assaulting three men a decade or more ago. Spacey, 62, spoke clearly as he denied five charges during a hearing at London’s Central Criminal Court.",Shares of Indian Overseas Bank (IOB) hit a 20 per cent upper circuit in the early trade on Thursday a day after the Reserve Bank of India (RBI) removed the public sector lender from its PCA (prompt corrective action) framework.",Said an official, “We will question the hospitals where the newborns were initially admitted and if they checked the credentials of the Vivek Vihar hospital before referring the patients there.”".