Friday, 31 January 2025

BANKING & FINANCIAL CURRENT AFFAIRS JANUARY 2025

BANKING - 

* The Ministry Of Finance Has Announced The Small Saving Schemes Remain Same From 1st January To 31st March 2025.

* RBI Approved The Merger Of Bangalore Based The National Co Op. bank With The Cosmos Co Op 

* The State Bank Of India ( SBI) Has Introduced Two New Deposit Schemes HAR GHAR LAKHPARTI And SBI PATRONS . 

*  India's Real GDP Expected To Rise 6.4% In Financial Year.

* RBI Lifts Restrictions On Asirvad Microfinance And DMI FINANCE.

* UJJALA Scheme Completed 10 Years.

* World's Top Four Competitive Economy Nation 2024 

* Singapore 

* Switzerland 

* Denmark 

* Ireland 

* Financial Intelligence Unit (FIU-IND) And National Housing Bank (NHB) Signed MoU For Enhanced Coordination And Information Exchange.

* Former Standard Charted Bank MD Sanjeev Mehta Launched The AKASHAVERSE Platform.

* Reserves Bank Of India (RBI) Imposed A monetary Penalties On 3 PSU Banks.


( Canara Bank, Bank Of India, J & K Bank) 

* Reserves Bank Of INDIA (RBI) Allow OMO Purchase Auction Of Gifts Worth Rs 60,000 Crores.

*  Paytm Launched Received Money QR Widget.

*  RDCL, A Residential Mortgage Backed Securitization (RMBS) Company Set Up By NHB Received a Certificates Of Registration To Commence Operation By RBI.

RANKING - 

* Tata Consultancy Services (TCS) Become The 2nd Global IT Company To Breached $20 Billion Brand Value.


COMBINATION - 

* Competition Commission in India (CCI) Approved The Combination Involving Inter Alia, Agro Tech Food Limited (ATFL) , Bharati Enterprises Limited (BEL), DMPL India Limited (DMPL) And Del Monte Foods Private Limited (DMFPL)

*  BPCL Board Approved Formation Of Joint Venture Company With Praj Industries For Settings Up CNG Plants Across India.


* Department Of Commerce Introduce Diamond Imprest Authorization Scheme To Boost The Global Competitive Of Diamond Sector.


* The securities And Exchange Board Of India (SEBI) Is Planning To Bring in A System Where Investor Can Sell Shares As They Are Alloted in An Initial Public Offering To Curb Grey Market Trading.


BANKING COMMITTE - 

Reserves Bank Of India Has Announced A Standing External Advisory Committee For Evaluating Application For Universal Bank And Small Finance Bank 

* M K Jain (Former Deputy Governor Of RBI Chairperson Of Committee)

ECONOMY - 

*  India Has Surpassed Saudi Arabia To Become Europe's Largest Supplier Of Refined Fuels.

*  India's Iphone Exports Reached To Rs 1 Lakh Crores. in CY 2024.

*  India's Trade Deficit Stand At 21.94 Billion Dollar In December 2024.

* Startup India Completed 9 Years.

 * International Monetary Fund (IMF) Released The GDP Of 2025 (Forecast) 

India's 6.5 According To Forecast.

 * According To Google BCG Report India's Mobility Market Will Double Surpassing USD 600 Billion By 2030.

*  India's Mobile Phone Exports Surpassed a Record of $20.4 billion In 2024. 

( $14.2 billion In 2023)

* India Is Now World's 7th Largest Producer Of Coffee With Export Of 1.29 $ billion In FY 2024

( 719.42 million in 2021) 

* NTPC Has Achieved The Fastest Ever 350 Billion Unit Generation On 20th January 2025 For FY 2024 

* Government E Marketplace Set A New Record Crosses 4 Lakh Crores GMV In Last 10 Months In FY 2024/25

* The Directorate General Of Foreign Trade (DGFT) Has Launched The Enhanced Certificate Of Origin ( eCoO) 2.0 System.

PRODUCTION - 

* The Total Coal Production In December 2024 Reached 97.94 Millions Tonnes 

* Year Review Of Renewable Energy 2024 

* 27 GW OF Renewable Energy Capacity Added in FY 2024.

* Solar Energy Capacity Reaches 94.17 GW 

* WIND Energy Reaches To 47.96 GW 

* PM SURYA GHAR MUFT BIJLI Yojana Achieved 7 Lakhs Installation In Last 10 Months ( An Average Of 70k/Months)

* Lakshadweep Installed First Solar Plant Was Inaugurated In Kavrarti 



APPOINTMENTS - 

* Dr Sandip Shah Has Been Appointed As The Chairperson of NABL  (National Accreditation Board For Testing And Calibration Laboratory)

* Pirmal Pharma Appointed Sai Ramanna Ponugoti As CEO 

* Sanjeev Kumar Sharma Has Been Appointed As The CFO Of Signature Global.

* State Bank of India (SBI) Appoints Baldev Prakash As DMD And Group Chief Risk Officer.

* Ashok Chandra Has Been Appointed As The Managing Director And CEO Of Punjab National Bank (PNB).

* Binod Kumar Has Been Appointed As The New Managing Director And CEO Of Indian Bank.

* 2011 Madhya Pradesh IAS Anugraha P Has Been Redesigned As The Director Of The Department Of Pharmaceutical.

* Reliance Power Appoints Neeraj Parakh As CEO Of Company.

*  Linked In Appoints Deepak Agarwal As Its Chief AI Officer.

* Former Chief Executive Officer At Disney Hotstar Sajith Sivanandan Has Been Appointed As President Of JIO Mobile Digital Services

* Dhananjay Shukla Has Been Elected As The President Of The Institute Of Company Secretaries Of India ( ICSI) For 2025. 

*  Alok Kumar Agarwal Has Been Appointed As The CEO Of Kotak General Insurance.

* P Suriraj Takes Charge As The Executive Director Of Dhanlaxmi Bank.

* Deshnee Naidoo Has Appointed As The FIRST CEO Of Vedanta Resources.


MOU SIGNED - 

* The National Stock Exchange (NSE) And Chhattisgarh Government Has Signed A MoU To Implement a Student Skill Building Programme.

EXPORT VALUE - 

* India's Coffee Export Have Been Reached a Record High Of $ 1.15 billion In Financial Year 2024.



FINANCE - 

* Government Of India Has Collected 1.76 lakh Crores in December 2024.

* 172 Billion Transaction Done By UPI In 2024 ( 247 Trillion In Value)

* 16.73 billion Transaction Done In December 2024 (23.25 Lakh Crores Transaction) 

* Maharashtra Has Received Rs 1.13 Lakh Crores Foreign Direct Investment ( FDI) In Last Six Months. 

*  Indian Space Startup Has Raised $ 353 Million Across 72 Funding Rounds In Last 5 Years (2020-2024) 

*  December GST OF ALL STATE 2024 

 * India's Foreign Exchange Reserves Declined By 8.7 billion Dollars To 625.87 Billion Dollars. ( TILL 15 TH JANUARY 2025) 

AWARDS - 

* Shri S Bharathan, Director Of HPCL has Honoured With The Hickal's CHEMCON Distinguished Speaker Award 

* Paradeep Port Has Been Conferred Major Port Of The Year During The 10th Comtanizered Cargo At 10th Eastern Star Award 2025 

* HUDCO Has Conferred With The WCDM Award 2024 At New Delhi.

*  iGOT Karmayogi Under Mission Karmyogi Has Earned The Silver Award At NAeG Award 2024.

* POWERGRID Has Won The Prestigious Brandon Hall Group HCM Excellence Award 2024.

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