RBI Deputy Governor Michael Patra Set to Step Down in January 2025, Applications Open for Replacement

The Reserve Bank of India (RBI) is seeking a new deputy governor to replace Michael Patra, whose term ends in January 2025. The advertisement for the position, released on Monday, details the qualifications required for the role, including extensive experience in public administration or finance. The new deputy governor will be responsible for crucial departments like monetary policy and economic research, and will be eligible for re-appointment.

Epson Unveils New Desktop Check Scanners for Streamlined Banking

Epson has introduced two new desktop check scanners, the TM-S1000II and TM-S1000II-NW, designed to enhance the check processing experience for financial institutions and their business customers. These scanners offer advanced features like driverless Web API, multiple connectivity options, and fast scanning speeds, making them ideal for Remote Deposit Capture (RDC) and back-office capture solutions.

Crypto Adoption on the Rise in Canada: KPMG Survey Reveals

KPMG’s survey highlights a significant increase in crypto adoption in Canada, with more financial institutions offering crypto services and institutional investors adding digital assets to their portfolios. In 2023, 22% more financial institutions in Canada provided crypto services, and 26% more institutional investors invested in cryptocurrencies. The survey also indicates that nearly 40% of institutional investors had direct or indirect exposure to cryptocurrencies in 2023, up from 31% in 2021.

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