Banking Awareness Questions for IBPS Clerk Main | 07th January 2019

NITI Aayog has begun a series of Development Dialogues to engage experts, thought leaders and government stakeholders across key avenues of long-term social and economic development. The first event was a conference on “Health Systems for A New India: Building Blocks”. The conference featured senior government functionaries and eminent national and international experts in the healthcare space.

The World Bank has unveiled 200 billion US Dollars in climate action investment for 2021 to 2025, adding that this amounts to a doubling of its current five-year funding. The move coincides with a UN climate summit in Katowice.

The Reserve Bank of India has approved the merger of SBM (Mauritius), India with SBM Bank (India). RBI has sanctioned the Scheme of amalgamation of the entire undertaking of SBM Bank (Mauritius) Limited, India with SBM Bank (India) Limited which has been granted licence by the Reserve Bank to carry on the business of banking in India through Wholly Owned Subsidiary (WOS) mode under the Banking Regulation Act. SBM Bank is the first foreign bank to set up a wholly owned subsidiary (WOS), to provide universal banking service with a focus on wholesale banking, trade finance, capital market and retail banking.

Moody’s Investors Service’s annual Banking System Outlook on India estimated the country’s real gross domestic product (GDP) for the current financial year and next fiscal to grow at 7.2% and 7.4%, respectively.

The Defence Acquisition Council (DAC) accorded approval for the acquisition of defence equipment worth nearly Rs 3000 crore which includes BrahMos Missiles, and Armoured Recovery Vehicles (ARVs) for Battle Tank Arjun. The decision was taken at a meeting chaired by Defence Minister Nirmala Sitharaman.

State-owned Bank of Maharashtra announced that AS Rajeev has joined the lender as its managing director and chief executive officer. Prior to this, he was executive director of Indian Bank.

FMCG major Hindustan Unilever Limited (HUL) announced that its board has approved the merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) through an-all equity deal, valuing the total business of the latter at Rs31,700 crore.

Ajay Narayan Jha, the Secretary of Department of Expenditure, has been appointed as new Finance Secretary to succeed Hasmukh Adhia who retired on November 30.

The Centre and Asian Development Bank (ADB) have signed an 85 million dollar loan to improve skill development eco-system in Odisha.

The European Central Bank launched a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. The ECB’s TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds.

The PAiSA - Portal for Affordable Credit and Interest Subvention Access web platform has been designed and developed by Allahabad Bank which is the Nodal bank.

Private sector lender Yes Bank Ltd appointed former IRDAI chief T.S. Vijayan as an additional director (Independent) for five years with immediate effect.

The Economic Development Board (EDB), the investment promotion arm of the Kingdom of Bahrain signed an MoU with the Maharashtra Government to provide a framework for Co-operation between the two authorities to promote FinTech in their respective markets.

India and UAE have signed an agreement on Currency Swap. The two countries also signed a Memorandum of Understanding for Development Cooperation in Africa. The documents were signed after the 12th session of India-UAE Joint Commission Meeting for Economic and Technical Cooperation.

State Bank of India has roped in Asian Games gold medalist Swapna Barman as brand ambassador for its digital app YONO.