Saturday 31 August 2024

BANKING & FINANCIAL CURRENT AFFAIRS IN AUGUST 2024

APPOINTMENTS - 

 HAL Extend The Tenure Of Shri CB Ananthkrishnan CMD For One More Month.

T N Manoharan Has Been Appointed As The Lead Independent Director Of Mahindra & Mahindra.

Shri Hira Ballabh Has Assumed Charge As The Managing Director Of DFCCIL.

Sanjay Shukla Has Assume As The Managing Director Of National Housing Bank (NHB). 

RBI Approved The Reappointment Of Inderjit Camotra As MD & CEO Of Unity Small Finance Bank.

The Appointment Committee Of Cabinet Has Approved The Appointment Of Challa Sreenivasulu Setty As Chairman Of State Bank Of India. ( for Next 3 Years From 28th August 2024) 

* Rana Asutosh Kumar Singh Has Been Appointed As The Managing Director Of SBI.

* Raj Kumar Chaudhary Has Taken Charge As Chairman And Managing Director Of NHPC.

DLF Appoints Mahender Singh As Independent Director For Next Five Years.

Shri Naveen Srivastava Has Been Appointed As Director Of ( Operations) POWERGRID. 

Shri Daljeet Singh Has Been Appointed As Director ( Finance) At Housing And Urban Development Corporation (HUDCO). 

SEBI Approves The Appointment Of  Praveen Rai As MD And CEO Of MCX. 

* Adani Port Appoints Dr. Ravindra Dholakia And PK Pujari As Non Executive And Independent Additional Directors. 

*  Sandur Manganese And Iron Ores Appoints Krishnendu Sanyal As CEO And Manjunath Prabhu As COO. 

* Dhruv Agarwal Has Been Appointed As President Of Strategy Of Paramount Communication. 

Kartik Sundaram Aiyer Appointed As CFO Of Gateway Disttriparks. 

Tan Su Shan Became The First Female CEO Of DBS Bank. 

Himanshu Bohara Has Been Appointed As The New CFO Of PPFAS Mutual Fund.

Rajnish Sharma Has Assumed As The Director ( Bangalore Complex) Of BEL ( Bharat Electronics Limited). 

Nand Kumar Velayudhan Taken Charge As The Director Refinery Of ONGC ( Mangalore Refinery And Petrochemicals Limited MRPL).

Dinesh Nandwana Has Been Appointed As The Chairman Emeritus. 

* Vedanta Nandwana Has Been Appointed As The Managing Director. 

* Ammeet Sabarwal Has Been Appointed As The Executive Director & Group CEO 

Ananya Birla And Aryaman Vikram Birla Appoints As New Board Directors Of Hindalco Industries. 

Mod Narayan Singh Has Been Appointed As The Chief Compliance Officer Of Mahindra & Mahindra Finance.

RBI Approved The Appointment Of Salee Sukumaran Nair As MD & CEO Of Tamilnad Mercantile Bank For 3 Years.

Ashok Kumar Singh Has Been Appointed As The Director General Of Employee State Insurance Corporation (ESIC).

 Shiv Walia Has Been Appointed As The New Chief Financial Officer Of HCl Tech From 6th September 2024.

Harun Rasid Khan Has Been Reappoint As Part Time Chairman And Independent Director Of AU Small Finance Bank.

* Khiroda Jena Has Appointed As CFO Of Bombay Dyeing.

The US-India Business Council (USIBC) Appoints Rahul Sharma , a Former Journalist And Public Relation Executive As Its Managing Director. 

*The Appointment Committee Of Cabinet (ACC) Has Appointed Anil Kumar Jadli As Director (HR) Of NTPC Limited. 

Praveen Kumar Took Charge As Managing Director Of DFCCIL.

 Arvindar Singh Sahney Has Been Selected As The Next Director Of ( Planning & Business Development) Of INDIAN Oil Corporation Limited (IOCL).

* M Suresh Has Been Appointed As The New Chairman Of The Airport Authority Of India (AAI).

 Rajesh Nambiar Has Been Appointed As President Of NASSCOM.

 Yes Bank Appoints Sumit Bali As Its India's Head.

Arun Agarwal Has Been Appointed As The Chairman Of TEDC Board Of Directors.

 INDIAN Origin Engineer Kevan Parekh Will Assume As New CFO Of Apple With Effect From 1st January 2025.

* Central Depository Services (INDIA) Limited CDSL Has Appoints Nehal Vohra As MD & CEO.

Shri Nagaraju Maddirala, Secretary Department Of Financial Services Nominated On RBI Central Board . 

Subhashri Has Been Appointed As The New MD & CEO Of Shriram Capital Private Limited.


NAVARATNA STATUS - 

Government Of India Grants Navaratna Status To SJVN, NHPC, RailTel, And Solar Energy Corporation Of India.

PENALTY - 

IRDAI Imposes Penalty Of Rs 20 Crores To The HDFC Life For Violation Of Regulations.

Nippon Life India Asset Management Was Fined Rs 2 Lakh By SEBI. 

RBI Levies Penalty Of Rs 1.27 Crores On Bank Of Maharastra For Non Adherence To Its Directive.

 Central Consumer Protection Authority (CCPA) Has Imposed A Penalty Of Rs 3 Lakh On SriRam's IAS For Advertising Misleading Claims Regarding Results Of UPSC Civil Service 2022.

SEBI Banned Industrialist Anil Ambani And 24 Other Entities. 

( SEBI Penalties 25 Crores On Anil Ambani) 

 The Directorate General Of Civil Aviation (DGCA) Imposed A Penalty Of Rs 90 Lakh On Air India Limited For Operating Flights With Non Qualified Crew Members.


State Bank Of India (SBI) Chairman Dinesh Khara Has Resigned.

The Pradhan Mantri Jan Dhan Yojana Has Completed 10 Years. 


RANKING - 

Mumbai Has Surpassed Beijing To Become The Most Billionaire Capital Of Asia. ( According To Hurun Report) 

* Mumbai With 386 

* New Delhi With 217 

* Hyderabad With 104 

* Bengaluru With 100 

* Chennai With 82 

* Kolkata With 69 

* Ahmedabad With 67 

* Pune With 53 

* Surat With 28 

According To Hurun India Rich List Gautam Adani Tops With Rs. 11.6 Lakh Crores. 

LAUNCHED - 

Ola Launched It's First Roadster Motorcycle.

BPCL Launched India's First Biofuel Blend HFHSD Bunker At Mumbai Port.

 Union Minister Hardeep Singh Puri Has Launched The ICC Initiative - All India Initiative On Creative Economy ( AIICE).


PRODUCTION - 

144.30 ( Crude Steel Production Metric Tonne) In 2023/24 In India.

NMDC Steel Limited Achieved The Milestone By Successfully Producing 1 Million Ton Of Hot Rolled Coil (HRC).


NTPC Ranked 378th In Forbes Global 2000 List.


BUDGET - 

Sikkim Chief Minister Prem Singh Tamang Has Presented A Budget Of Rs 14,400 Crores In Vidhan Sabha.

 The Union Cabinet Has Approved 8 New Railway Projects At An Estimated Cost Of Rs. 24,657 Crores. 

Cabinet Approved The New Civil Enclave At Bagdgora Airport, West Bengal At Rs 1549 Crores Estimate.

And Development At New Civil Enclave, Bihta, Patna, Bihar. 

Cabinet Has Approved Three Metro Projects.

* Bengaluru Metro Phase 3 - 15,611 Crores

* Thane Metro - 12,200 Crores

* Pune Metro Extension - 2.955 Crores


LISTED - 

 Ola Electric Now Has List At Issue Price Of Rs 76 Per Share At National Stock Exchange ( NSE), 

Mangal Credit And Fincorp Limited Gets Listed On The National Stock Exchange ( NSE). 


MERGED - 

 Indus Tower Become The Subsidiary Of Bharti Airtel. 

Competition Commission Of India (CCI) Has Approved The Merging Of RIL, Viacom 18, Digital 18 Media, Star India, Star Television.

Vistara Will Merge With Air India On November 2024. 



Government Allocated 7,212 Crores To NIRBHAYA FUND For FY 2023/24.

Karnataka State Assembly Allocated Rs 104 Crores For Combat Cyber Crime For Next 5 Years.

 IIT Madras Has Received The Largest Single Donation Of Rs 228 Crores From Distinguished Alumni's Dr Krishna Chivukula.


CERTIFIED - 

KIA Bengaluru Became The First Airport In Asia To Recive Level 5 Accreditation Of ACI. 

HUDCO Gets Certification Of Registration As Non Banking Financial Company Infrastructure Finance Company By RBI.

IREDA Secured A International Credit Rating From S & P 


ECONOMY - 

 Government Of India Has Collected Rs 1.82 Lakh Crores GST in July 2024.

India Topped In The List Of Lowest National Debt Per Capita In G20.

Solar Energy Corporation Of India (SECI) Has Increased Of 38.14% In Profit In Financial Year 2024.

 State Bank Of India ( SBI) Projects GDP Growth Of 7% in Financial Year 2024/25. 

 India's Index Of Industrial Production (IIP) Records A Growth Of 4.2% In June 2024.

Gross Direct Tax Collections Surge 23.99% To 8.13 Lakh Crores. 

* Retail Inflation Drops To 59 Month Low Of 3.54% In July 2024. 

Union Minister For Labour, And Sports And Youth Mansukh Mandaviya Has Launched a New Online Facility For The Surrender Of Exemption  From The EPFO Scheme.


RELEASED - 

To Mark 165 Years Of Income Tax, Finance Minister Nirmala Sitharaman Has Released MY STAMP.

( The Stamp Illustrate The Evolution Of Taxation From Chanakya Arthasashtra To Now's Development).


INTRODUCE - 

Indigo Introduced INDIGO Stretch New Business Class On The Occasion Of 18th Anniversary.

Nagaland Became The First Indian State To Implement Insurance To Cover Disaster Response.


TRADING - 

Government Of India Has Announced Inclusion Of Two Additional Ports For Export Of Essential Commodities From India To The Maldives For FY 2024/25 


( Kandla And Vishakapatanam)

Russia Sent Record $2.8 Billion Worth Of Crude Oil Exported To India In July 2024.

Atal Innovation Mission (AIM) IN Partnerships With CSIRO, Australia (  ) Is Now Accepting Applications From Start-ups And MSMEs In India And Australia For The Climate Smart Agritech Cohort Of The India-Australia Rapid Innovation And Startup Expansion ( RISE). 

India Overtook China As Largest Importer Of Russian Oil.

In First Half ( January To June 2024) India Imported Diamond From Russia 22% More.

India And Oman Bilateral Trade Has Settled With $8 billion In FY 2024 ( IN FY 2022/23 It Was $ 12 billion) 


BANKING - 

 According to NPCI Unified Payment Interface (UPI) 20.64 Lakh Crores Transactions Registered in July 2024.

( 14.44 Billion Transaction Registered)

SEBI Launched SEVA Chatbot For Investors.

 Record Of 7 Crores 28 Lakhs Income Tax Return Filed For The Assessment Years 2024/25 Till 31st July.

Jio Finance Payment  Now Enable In Paris.

Pine Labs Launched UPI SETU For All Merchants UPI Payments. 

Reserve Bank Of INDIA (RBI) Keep Repo Rate Remains Same. (6.5%).

RBI Governor Announced UPI Transaction Limit For Tax Payment Raised To 5 Lakhs From Rs 1 Lakh.

RBI Proposed Creating Public Repository Of Digital Lending Apps.

IREDA Allocated Rs. 1.05 Crores For Development Of Sport Science Center In Uttarakhand. 

RBI Announced A Constitution Of An Expert Committee On Bench Marking Of Its Statistics And Deputy Governor Michael Patra To Officiate. 

Punjab National Bank Has Launched PNB ANTAH DRISTHI Braille Debit Card For Visually Impaired Customer.

The National Payment Corporation Of India (NPCI) Spinning Off Its BHIM App Into A Standalone Subsidiary To Enhance It's Presence In The Digital Market.

( Former Banker Lalitha Nataraj To Head Of That Subsidiary).

RBL Bank Announced VIJAY FIXED Deposit To Honour 78th Independence Day.

 Canara Bank Has Launched It's 150 Branches In FY 2024.

HDFC Finance Launched New Trading Application HDFC SKY.

NPCI Launched UPI Circle For Secure Delegate Payment.

HDFC Bank's  Jagdishan Highest Paid Bank CEO In FY 2023. 

Airtel Payments Bank Launched AI Facial Recognition Tool FACE MATCH. 

Bandhan Bank Has Launched Avni Saving Account Scheme For Women Customer.

Chief Justice Of India D Y Chandrachud Inaugurated The Branch Of Bank Of Maharashtra In The Supreme Court Delhi. 

The RBI Governor Shri Shaktikanta Das Announced The Launch Of Two New Products Built By NPCI At GFF 2024. 

* Bharat Billpay For Business Designed To Streamline Business To Business (B2B) 

* UPI Circle Which Enables Delegated Payments To Users 

RBL Bank Joins Hand With IRCTC To Launch Their New Credit Card .

The Life Insurance Corporation Of India (LIC) Paid a Dividend Of Rs. 3,662.17 Crores To The Government. 

RBI Deputy Governor T Rabi Shankar Unveiled The Launch Of CBDC, A Central Bank Backed Digital Currency At Global Fintech Fest (GFF24). 


 For The 2nd Consecutive Year RBI Governor Shaktikanta Das Has Been Rated A+ In The Global Finance Central Banker Report Cards 2024.


MOU SIGNED - 

* Signed MoU Between National Payments Corporation Of India ( NPCI) And Ministry Of Economic Development And Trade Of Maldives On Introduction Of Digital Payments System (UPI) In The Maldives. 

Ministry Of MSME And Small Business Administration ( SBA), Government Of USA Signed MoU

*To Provide a Framework For Both Sides To Discuss Issues Concerning MSMEs And Explore Possibilities Of Cooperation. 

* Facility For Women Empowerment  

RINL & IOCL Has Signed MoU Towards The Supply Of Hydrulic And Lubricant Oil & Greases To RINL For Next 5 Years.

Tata Power Solar System Limited (TPSL) Has Signed MoU With ICICI Bank To Offer Solar Financing.


HOST - 

2nd Edition Of National Conference Of Enforcement Chiefs Of State And Central GST Formation Held In Delhi.



AWARDS - 

SJVN Limited Has Won Gold Award At 16th Exceed CSR Award 2024 For Achievement In Corporate Social Responsibility Power.

Central Coalfield Limited (CCL) Bagged 3 Awards At 8th CSR Health Impact Awards.

NCRTC Has Bagged Prestigious Platinum Global Sustainability Award 2024 From Energy And Environment Foundation.

Central Coalfield Limited (CCL) Honoured With Best Corporate Award For Pioneering TB Eradication Efforts.

SJVN's Renewable Arm, SGEL Conferred With Diamond Award For Utility Scale Company Of The Year In PSU Category In Rajasthan Annual Solar Awards 2024. 

Andhra Pradesh Wins Indian Wind Power Association's Green Energy Champion Award 2023/24. 

 Beypore Responsible Tourism Project In Kerala Bagged ICRT Gold Award. 

The Prestigious DNB India PSU Award In Power Transmission Category Was Bestowed By Dr. Bibek Debroy, Chairman Economic Advisory Council To PM (EAC-PM)

Mazagon Dockyard Shipbuilders Limited (MDL) Has Received The Dun & Bradstreet Public Sector Excellence Award 2024 Under Defense Production (CPSU) Category.

BCCL Has Won The Prestigious CSR Tines Award 2024 (Gold) For The Contribution In The Field Of Education And Skill.

Mazagon Dock Shipbuilders Limited (MDL) Has Recived Global Inclusion Award 2024. 

Railway Vikas Nigam Limited ( RVNL) Has Been Honored With The Excellence In Railway Infrastructure Award Editors Choice At The ABP Live Infrastructure Conclave 2024 At New Delhi. 

Dr. Yatindra Dwivedi Director Of  POWERGRID Has Been Conferred With CHRO PRIDE Award By TOP Rankers Management Club 

Director AK Singh Of SJVN Limited Has Been Conferred With Prestigious CFO Leadership Award 2024.

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