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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