04th September 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

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Here is the daily GK update of 04th September 2020 covering the following news headlines: IIPA, Home Utsav, Republic of Croatia, Punjab & Sind Bank, South Indian Bank.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 4th September 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

National News

1. IIPA organizes “National Tribal Research Conclave”

The Centre of Excellence (CoE) for Tribal Affairs, Ministry of Tribal Affairs, Indian Institute of Public Administration (IIPA) organised 2-days long “National Tribal Research Conclave”.
The inaugural session of conclave was addressed by the Union Minister for Tribal Affairs Shri Arjun Munda.
The National Tribal Research Conclave was organised to review the progress on the results of projects launched by Ministry of Tribal Affairs. 10 research partners shared their projects in the 2-days long conclave.
The conclave also featured the participation of more than 100 participants from all over the country including Tribal Affairs Ministers from various states.
The road map of National Tribal Research Institute (NTRI), to be launched in collaboration with IIPA, was also shared during the conclave.

Banking News

2. ICICI Bank launches ‘Home Utsav’, a virtual property exhibition

ICICI Bank has launched a virtual property exhibition under the name ‘Home Utsav’.
The exhibition will digitally showcase real estate projects by renowned developers, across India. The exhibition can be accessed on www.homeutsavicici.com.
The exhibition can be accessed by both customers and non-customers of ICICI Bank.
It offers them enhanced convenience, as they can simply browse through these projects online, from the comfort of their home and office.
The first ‘Home Utsav’ exhibition has been launched for the Mumbai and Pune region, where over 100 projects by more than 60 developers are being showcased.

Important takeaways for all competitive exams:

ICICI Bank Headquarters: Mumbai, Maharashtra.
ICICI Bank MD & CEO: Sandeep Bakhshi.
ICICI Bank Tagline: Hum Hai Na, Khayal Apka.

Appointments News

3. Raj Srivastava appointed as India’s Ambassador to Republic of Croatia

Raj Kumar Srivastava has been appointed as the next Ambassador of India to the Republic of Croatia.
Raj Kumar Srivastava is an IFS officer of 1997 batch and is presently serving as the Deputy Chief of Mission in the Embassy of India, Tokyo.

Important takeaways for all competitive exams:

Capital of Croatia: Zagreb; Currency: Croatian kuna.
President of Croatia: Zoran Milanovic.

4. S Krishnan becomes new MD & CEO of Punjab & Sind Bank

Appointments Committee of the Cabinet (ACC) has approved the appointment of S Krishnan as the Managing Director and Chief Executive Officer of Punjab & Sind Bank. He will replace S Harishankar.
ACC has given permission to S Harishankar to voluntarily retire with effect from the date of notification of the acceptance. Earlier to this elevation, S Krishnan was as an Executive Director at Canara Bank.

Important takeaways for all competitive exams:

Punjab & Sind Bank Non-Executive Chairman: Dr Charan Singh.
Punjab & Sind BankHeadQuarters: NewDelhi, India.
Punjab & Sind Bank Tagline: Where Service is a Way of Life.

5. Murali Ramakrishnan becomes new MD & CEO of South Indian Bank

The Reserve Bank of India (RBI) has approved the appointment of Murali Ramakrishnan as Managing Director and CEO of the South Indian Bank for a period of three years with effect from October 1, 2020.
Ramakrishnan had retired from ICICI Bank as Senior General Manager at Strategic Project Group on May 30, 2020, and joined the South Indian Bank as an advisor on July 1, 2020.
He represented the bank in the board of CIBIL and the risk advisory board of VISA for the Asia Pacific.

Important takeaways for all competitive exams:

South Indian Bank Headquarters: Thrissur, Kerala.
South Indian Bank Tagline: Experience Next Generation Banking.

Awards News

6. NTPC wins AIMA Chanakya National Management Games 2020

Team of NTPC Limited, the Central PSU under Ministry of Power, has won the All India Management Association (AIMA) Chanakya (Business Simulation Game) National Management Games (NMG) 2020.
The team from NTPC Vallur, Tamil Nadu won the championship which featured the participation of teams from 112 organisations from different parts of the country.
AIMA Chanakya National Management Games is an online Business Simulation Game which is conducted every year.
The championship aims to ensure that executives participating in the event get the onboard experience about the complexities of running an organisation and gain expertise and skills from this event.

Sports News

7. India’s P Iniyan wins World Open Online Chess Tournament

Indian Grandmaster P Iniyan has won the prestigious 48th Annual World Open online chess tournament.
He scored 7.5 points out of a possible 9 with six victories and three draws to finish on top.
A total number of 120 players from 16 countries participated in the event which included more than 30 Grandmasters.
On the way to his title, Iniyan defeated Grandmasters Baadur Jobava of Georgia, Sam Sevian, Sergey Erenburg of the USA and Nyzhyk Illia of Ukraine.

Summits & Conferences

8. Saudi Arabia chairs G20 Foreign Ministers’ Extraordinary Meeting

Saudi Arabia chaired the G20 Foreign Ministers’ Extraordinary Meeting which was held in the virtual mode.
External Affairs Minister (EAM) S Jaishankar represented India in the virtual meeting that was convened in the backdrop of the COVID-19 pandemic crisis.
During the meeting, India proposed the setting up of voluntary ‘G20 Principles on Coordinated Cross-Border Movement of People’. This new set up will be based on following three pillars:

a) Standardisation of testing procedures and universal acceptability of test results
b) Standardisation of ‘Quarantine procedures’
c) Standardisation of ‘movement and transit’ protocols

Important takeaways for all competitive exams:

The Group of Twenty (G20) is the premier forum for international economic cooperation which brings together the leaders of both developed and developing countries from every continent.
The members of the G20 group are Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, Republic of Korea, Turkey, the United Kingdom, the United States and the European Union (EU).

Books & Authors

9. A new book titled “Let Us Dream” by Pope Francis

Pope Francis is set to release the book “Let Us Dream” in December 2020.
In the book, Pope Francis explains how a crisis can teach an individual to deal with problems they face in their lives. He cites three major crises from his own personal life.
The book will be an outcome of numerous exchanges between Pope Francis and his Biographer Austen Ivereigh in the weeks following the Coronavirus outbreak around the world.

Obituaries News

10. Former England Cricketer David Capel passes away

Former England all-rounder and legendary cricketer, David Capel passed away.
He had played around 15 tests and 23 One Day Internationals(ODIs) representing England from 1987 to 1990. He made his Test debut against Pakistan in 1987.

Defence News

11. 11th edition of exercise INDRA NAVY begins in Bay of Bengal

Indian Navy and Russian Navy has commenced the 11th edition of a biennial bilateral maritime exercise “INDRA NAVY”.
The biennial bilateral maritime exercise will be conducted in the Bay of Bengal from 04 to 05 September 2020.
The maritime exercise “INDRA NAVY” embodies the long-term strategic relationship between the two Navies.
The INDRA NAVY-20 exercise seeks to consolidate the inter-operability built up by the navies of two countries over the years.
It will also improve the understanding as well as the procedures for multi-faceted maritime operations.

Important takeaways for all competitive exams:

President of Russia: Vladimir Putin.
Capital of Russia: Moscow; Currency: Russian Ruble.
Chief of Naval Staff: Admiral Karambir Singh.

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