Tuesday, 31 December 2024

BANKING & FINANCIAL CURRENT AFFAIRS DECEMBER 2024

RBL Bank & Bajaj Finance Agreed To Stop Issuance Of New Co-Branded Credit Cards. 

RBI Approved The Canara Bank To Divest 13% Stake In Canara Robeco AMC.

The Reserve Bank Of India ( RBI) Has Increased The Limit For Collateral Free Loans To Farmers From Rs 1.6 lakh To 2 Lakh Per Borrower. 

Razor Pay Has Partners With Ministry Of Home Affairs And Indian Cyber Crime Coordination Center 

SBI Cards Surpassed 20 Million Credit Card Milestone.

Max Life Has Been Rebranded To Axis Max Life Insurance.

ASIAN Development Bank (ADB) Has Approved USD 788.88 Million Loan For Amaravati Development As Green And Smart City.

Switzerland Withdrew MFN Status For India Over Tax Issues.

 Mahindra And Mahindra Became The 11th Largest Automakers In The World.

Lazy Pay Introduced The LAZY PAY EMI.

NITI Ayog Released A Report On S A F E Accommodation - Worker Housing For Manufacturing Growth.

HDFC Bank Became India's First Bank To Execute A Gold Forward Deal From GIFT City, Gujarat.

RBI Allows PPI Holders To Have UPI Transaction Through Mobile App Of 3rd Party UPI App.

 Reserve Bank Of India (RBI) Has Introduced A Beneficiary Bank Account Name Look Up Facilities For Real Time Gross Settlement (RTGS) And National Electronic Fund Transfer (NEFT).

BHIM UPI Completed 8 Years.

* 1000 Crores Transaction In August 2023 (Lone Record)

* 15,547 Crores Transaction In January To November 2024 



STEPS DOWN - 

Indian Cement MD CEO M Srinivas Steps Down.


HOST - 

55th GST Council Held At Jaisalmer, Rajasthan.

STATE BUDGET - 

Uttar Pradesh STATE government Has Presented Rs 17,865 Crores For Financial Year 2024/25


MOU SIGNED - 

National Minorities Development And Finance Corporation Signed a MoU With Dalit Indian Chamber Of Commerce & Industry To Empower Marginalized Communities Through Entrepreneurship. 


 RBI Has Constituted A 8 Member Committee To Develop A Framework For Responsible And Ethically Sound Of Artificial Intelligence In The Finance Sector.

* Dr Pushpak Bhattacharya Will Head The Committee.

LOAN  - 

The World Bank Has Approved The USD $ 188.28 Million Loan For Economic Stability In Maharashtra.

Government Of India And Asian Development Bank (ADB) Signs 50 million Loan For Climate Adaptation Water Harvesting Project.

( It Covers 12 District of State, )

The Government Of India And The Asian Development Bank (ADB) Signed $500 Million Loan To Support Sustainable Infrastructure Projects Aligned With India's Climate Commitment.


FINANCE - 

 India Government Has Collected Rs 1.82 Lakh Crores in November 2024.

UPI Set A Records With The 16.58 Billion Transaction Worth Over Rs 23 Lakh Crores in October 2024.

Nagpur Based Solar Industries Has Bagged Export Of Worth Rs 2039 Crores 

RBI Increases The UPI Lite Transaction Limit 1000 From 5000.

BHIM UPI Has Recorded Over 15547 Crores Transaction During January To November This Year.


CANCELLED LICENCE - 

RBI Cancelled The Certificate Registration Of Nagpur Based Zavron Finance Due To Irregular Lending Practices.



LOAN DEAL - 

Centre And Asian Development Bank (ADB) Signed 98 Million US Dollar Loan Agreement To Improve Horticulture Farmers Access To Certified Disease Free Planting Materials. 


BANKING - 

RBI Keeps Repo Rate Unchanged For 6.5

Standing Deposit Facilities ( SDF) 6.25 

Bank Rate 7.25 



AWARDS - 

NTPC LIMITED Has Conferred With First Runner Up At Prestigious 2024 UN WOMEN INDIA WEPs Award.

UIDAI Has Been Conferred With The International Innovation Award (IIA) 2024 In Malaysia. (For Face Authentication)

Maharastra State Government Has Received The Prestigious SKOCH Award For The Government At Your Door Step Initiative.

REC Has Been Honoured With The Golden Peacock Award 2024 For Excellence In Corporate Governance.

Indian Oil Has Been Conferred With The HALL OF FAME Arogya World Healthy Workplaces AWARD 2024 In Bengaluru.

* Hindustan Petroleum Corporation Limited ( HPCL) Has Recognized For Outstanding Contribution To The Education Category At The 3rd Edition Of The BCC & I Social Leadership Conclave And Awards In New Delhi. 

* Vellayan Subbaih Gets The Outstanding Biz Leader Of The Year Award. 


* PI Industry Is The Most Promising Company Of The Year. 

*  IIT Madras Awarded Special Recognition Outstanding Contribution To Indian Economy. 

 Nita Mukesh Ambani, Founder Chairperson Reliance Foundation Honoured With Outstanding Contribution To Brand India Award At 20th Edition  Of CNBC- TV 18 India Business Leader Awards 2024. 

* GMR Hyderabad Air Cargo (GHAC) Has Secured The Customs Trade Partnerships Against Terrorism ( CTPAT) Certification. 

* India's EPFO Has Bagged The International Social Security Associations GOOD PRACTICE Award For Asia And Pacific For This Year. 

APPOINTMENTS - 

Former Director Of IIT Bombay, Professor Subhasis Chaudhary Has Been Appointed As The Chairman Of Bombay Stock Exchange (BSE).

Vikram saxena Has Been Appointed As The Next Director ( Technology And Field Service) At ONGC Limited.

Jayen Mehta Has Been Appointed As The Managing Director Of Gujarat Cooperative Milk Marketing Federation (Amul) For 5 Years.

Mr Nilabhra Sengupta, IRSSE, Has Taken Charge As The Chief Vigilance Officer Of BEL.

RBI Approved The Appointment Of P Suriaraj As The Executive Director Of Dhanlaxmi Bank For Next 3 Years. 

26TH RBI GOVERNOR OF INDIA - 

 SANJAY MALHOTRA Has Been Appointed As The 26th Governor Of RBI Appointed By Appointment Cabinet Of India. 

* 1990 Batch Rajasthan Cadre IAS OFFICER, Revenue Secretary

* 1989 Btech In Computer Science And Engineering From IIT KANPUR.

* Master's In Public Policy From Princeton University 

* Previously Worked As Chairman And Managing Director Of REC (2020) 

* Worked Before Secretary In Financial Department.

* Ex official Of GST COUNCIL ( Secretary).

 HCL Tech Has Won Platinum Award At CII Awards 2024.

 Former RBI GOVERNOR RAGHURAM Rajan Has Joined Ripple Advisory Board.

* Government Appoints Rama Mohan Rao Amara As Managing Director Of State Bank Of India (SBI).

* 1992 Batch Bihar Cadre IAS OFFICER Arunish Chawla Appointed As The New Revenue Secretary Of Ministry Of Finance.

ECOCOMICS TIMES AWARDS 2024 - 

* LIFETIME ACHIEVEMENT AWARD - Venu Srinivasan (Corporate) 


* ET CONCIOUS CORPORATE AWARD - Aditya Birla Grasim Industry

* GLOBAL INDIAN OF THE YEAR - Fareed Zakaria

* BUSINESS WOMAN OF THE YEAR - Visakha Mulye

* ENTREPRENEUR OF THE YEAR - Piyush Bansal ( Lenskart)

* COMPANY OF THE YEAR - Mahindra & Mahindra 

* BUSINESS REFORMER OF THE YEAR - Ashwini Vaishnav

* EMERGENCY COMPANY OF THE YEAR - Zomato

* BUSINESS LEADER OF THE YEAR - Kumar Mangalam Birla

NALCO Captive Power Plant Bagged The Kalinga Safety Excellence Award In The Platinum Category For The Year 2023.


DFCCIL's Operational Control Center (OCC) Ahmedabad, Infrastructure Have Conferred With The CII Design Award For Best Spatial Design Across India.

 GRSE Wins The 14th ICC PSE Excellence Award 2024 

NSDC Has Received Silver Level Recognition At 2024 AROGYA World'Healthy Workplace Award 2024.

* Suzlon GLOBAL Services Limited (SGSL) Has Been Honoured As The Great Indian Renewable Energy ( Company Of The Year 2024 At The 3rd Sustainability Summit And Awards in Mumbai.

IREDA Bagged Triple Honours At The 14th PSE Excellence Award. 

Steel Authority Of India (SAIL) Has Been Accorded With The Platinum Award In Engineering Manufacturing And Processing Industries Category At IEA Award 2024.

RINL Wins Gold Award At The AP State Energy Conservation Award 2024.

Goa's Manohar Parrikar International Airport Wins Best Domestic Airport award At Travel Leisure India's Best Award 2024.

State Bank Of India (SBI) Have Bagged The BRAND OF THE YEAR 2024 - BFSI Sector And 4 GOLD At FINIXX Summit And Awards 2024.

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