Monthly One Liners- January 2021 Monthly One Liners- January Financial One Liners • DBS Bank India introduced a one-stop travel marketplace within the digibank app. Named as Travel Now, the platform enables customers to browse and book flights, bus tickets and hotels across hundreds of destinations both within and outside of India. • State-owned Punjab National Bank NSE 0.92 % (PNB) announced the extension of its festival bonanza offer till March. • India Post expects to make the Post Office Savings Bank interoperable with other bank accounts by April and will focus on enhancing digitisation of all services in 2021, a senior official of the department said. Page 1 of 34 Get to Download Our Special Paid PDFs | Get High Standard Mock Test Series for all Bank Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Monthly One Liners- January 2021 • National Payments Corporation of India (NPCI) announced that RuPay has partnered with RBL Bank to launch an innovative payment solution for Indian merchants – RuPay PoS in association with PayNearby. • International Financial Services Centres Authority (IFSCA) has become an associate member of the International Organization of Securities Commissions (IOSCO). • The Reserve Bank of India has constructed a composite Digital Payments Index (DPI) to capture the extent of digitisation of payments across the country. • State-run Bank of Baroda announced the launch of banking services on messaging platform Whatsapp • IDBI Bank announced the launch of video KYC account opening (VAO) facility for savings bank accounts. • The Reserve Bank of India (RBI) announced in January, it is now fully operationalizing a College of Supervisors (CoS) to further strengthen supervision over regulated entities. • Punjab National Bank (PNB), the country’s second largest public sector bank, has announced an alliance with the Indian Institute of Technology (IIT), Kanpur and FIRST (Foundation for Innovation & Research in Science & Technology), to jointly establish the Punjab National Bank - IIT Kanpur Innovation Centre at the IIT campus. • IDFC Mutual Fund announced the launch of its latest pan-India investor awareness campaign #PaisonKoRokoMat, nudging savers to become investors. • As India prepares for the crucial Union Budget, which would set course for economic pick-up after the Covid carnage, economists have asked the government to be generous with the fiscal measures and have warned of weakness in the financial sector which could be a problem spot in the upcoming financial year. • Formation of Kerala Bank as a major event in the cooperative sector. “The emergence of a cooperative scheduled bank, currently the second largest in the state, is of immense importance to the development of the state. • Central Bank of India (CBoI) and NABFOUNDATION,entered into a Memorandum of Understanding (MoU), whereby working capital will be provided by the bank to all self-help groups (SHGs) which have an account with it and undertake the Nabard-sponsored ‘My Pad My Right’ project. • State Bank of India (SBI) and Indian Oil Corporation (IOC) launched a co-branded contactless RuPay debit card. • The Reserve Bank of India (RBI) has cancelled the licence of Vasantdada Nagari Sahakari Bank Ltd., Osmanabad, Maharashtra to carry on banking business, with effect from the close of business on January 11. Page 2 of 34 Get to Download Our Special Paid PDFs | Get High Standard Mock Test Series for all Bank Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Monthly One Liners- January 2021 • The Reserve Bank of India has set up a working group to study digital lending activities of the regulated and unregulated players chaired by Jayant Kumar Dash • Insurance Regulatory & Development Authority of India (IRDAI) has set-up a committee to study health insurance products with the help of scientists and doctors in the panel. • ICICI Bank on January 20 launched a new mobile application ‘InstaFX’ for authorised money changers to help customers of any bank get ‘ICICI Bank Forex Prepaid Card’ swiftly. • Airtel Payments Bank launched a mode of safe digital transactions to protect customers from online frauds. • Bank of Baroda (BoB) Executive Director Vikramaditya Singh Khichi called on Chief Minister YS Jagan Mohan Reddy at the CM’s camp office in Tadepalli. • Punjab National Bank, one of the leading nationalized banks of the country, established in 1895, and completed 126 years of banking service. • The Andhra Pradesh State Cooperative Bank (APCOB), Vijayawada was awarded the first prize for the overall best performance for the year 2018-19, among all the state cooperative banks in the country, by the National Federation of State Cooperative Banks, Mumbai • The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs.2 crore on Standard Chartered Bank–India for delays in reporting of frauds • The RBI state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'. • Axis Bank has unveiled a credit ‘AURA’ exclusively loaded with several health and wellness benefits for its users at an affordable price. • Board of Directors of Kerala-based Dhanlaxmi Bank have given approval to appoint J K Shivan as managing director and CEO of the Bank. • The Government of India and the Government of West Bengal and the World Bank signed a $105 million project to improve the inland water transport infrastructure in Kolkata, West Bengal. • The GDP of India is expected to contract by 7.7 percent in 2020-21, the first advance estimate of GDP released by the National Statistical Office under the Ministry of Statistics and Programme Implementation (MOSPI) on January 07, 2021. • Goods and Services Tax collections for December Rs 1.15 lakh crore, the highest ever since the implementation of the nationwide tax in July 2017. Page 3 of 34 Get to Download Our Special Paid PDFs | Get High Standard Mock Test Series for all Bank Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Monthly One Liners- January 2021 • The Asian Development Bank (ADB) and the Government of India on 30th December 2020 signed a $10 million project readiness financing (PRF). • The Asian Development Bank (ADB) will provide a USD 100 million (around Rs 730 crore) loan to modernise and upgrade the power distribution system in Bengaluru city. • Indian economy to rebound with an 8.9 percent growth in the fiscal year beginning April 2021 after economic activity showed significant improvement in the last quarter, IHS Markit. • Union Minister for Coal & Mines Pralhad Joshi said, National Aluminium Company Limited, NALCO, will invest around Rs.30,000 crore by financial year 2027-28 on the company’s expansion and diversification plans. • India’s real GDP is projected to record a growth of 10.1 percent in 2021-22, according to Icra Ratings. • The Fitch Ratings expect gross domestic product (GDP) of India to contract by 9.4 percent in FY21 (April 2020 to March 2021). • CARE Ratings has revised downwards its projection of the Centre’s fiscal deficit to 7.8 percent of GDP during FY21 against its earlier estimate of 9-9.5 per cent. • The International Monetary Fund (IMF) has pegged contraction in India's economy at 8 percent in the current financial year, higher than the 7.7-per cent decline projected by the government's advance estimates. • India's economy is projected to grow at 7.3% in 2021, even as it is estimated to contract by 9.6% in 2020. • India's gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according to the latest round of FICCI's Economic Outlook Survey. • Global financial services major HSBC inaugurated its International Banking Unit (IBU) branch at GIFT City near Gandhinagar city in Gujarat. • India's gross domestic product (GDP) is expected to contract by 8 per cent in 2020-21, according to the latest round of FICCI's Economic Outlook Survey. • Union finance minister Nirmala Sitharaman presented the Economic Survey, that details the state of the economy ahead of the government's budget for the fiscal year beginning April 1, 2021. Non- Financial One Liners: Schemes: • The Third Phase of Pradhan Mantri Kaushal Vikas Yojana was launched in 600 districts across the country. Page 4 of 34 Get to Download Our Special Paid PDFs | Get High Standard Mock Test Series for all Bank Exams If there are any suggestions/ errors in our PDFs Feel Free to contact us via this email: [email protected] Monthly One Liners- January 2021 • Kerala Governor Arif Mohammad Khan has launched Vedhik Erudite Foundation’s ambitious scheme to provide free coaching for civil services and other competitive examinations to 10,000 meritorious students. • Union Home Minister Amit Shah has launched the Ayushman CAPF health scheme in Guwahati for about 28 lakh Central Armed Police Forces and their families in all the states where Ayushman Bharat- Pradhan Mantri Jan Arogya Yojana is operational. • The Union Minister of Tribal Affairs Shri Arjun Munda virtually through a Video Conference launched “ShramShakti”, a National Migration Support Portal at a programme held at Panjim, Goa. National: • The government extended the deadline to file income tax return (ITR) for individuals by 10 days to January 10, 2021. • The Ministry of Road Transport and Highways has extended the deadline for FASTags for all vehicles in India till February 15, 2021. • The government approved a multi-modal logistics and transport hub (MMTH) at Greater Noida in Uttar Pradesh. • The DRDO observed the 63rd Foundation Day of its establishment on January 01, 2021. • Minister of State for External Affairs V.