Monthly Current Affairs PDF - August 2019
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Monthly Current Affairs PDF - August 2019 We Exam Pundit Team, has made “BOOST UP PDFS” Series to provide The Best Free PDF Study Materials on All Topics of Reasoning, Quantitative Aptitude & English Section. This Boost Up PDFs brings you questions in different level, Easy, Moderate & Hard, and also in New Pattern Questions. Each PDFs contains 50 Questions along with Explanation. For More PDF Visit: pdf.exampundit.in MONTHLY CURRENT AFFAIRS PDF – AUGUST 2019 S. No Topics Page No 1. Banking Current Affairs 2 2. Finance and Economy 17 3. National Current Affairs 31 4. State Current Affairs 51 5. International Current Affairs 67 6. Summits and Conferences 77 7. Ranks and Indices 78 8. Agreements and MoU signed 81 9. Appointment 87 10. Sports Current Affairs 88 11. Defence Current Affairs 97 12. Books & Authors 100 13. Awards 102 14. Science & Technology 104 15. Important days and Themes 109 16. Obituaries 111 Page 1 of 111 Join Our Telegram Group to Get Instant Notifications, Study Materials, Quizzes & PDFs: https://t.me/exampunditofficial For Quality Study Materials & Practice Quiz Visit: www.exampundit.in | For Free PDF Materials Visit: pdf.exampundi.in Monthly Current Affairs PDF - August 2019 BANKING CURRENT AFFAIRS Bandhan Bank join hands with standard Chartered for co-branded credit cards Bandhan Bank launched a co-branded credit card in association with Standard Chartered bank. The credit card would be offered to 40 lakh savings bank account holders across the 1,000 branches of Bandhan Bank. As part of the tie-up, while Standard Chartered bank will take the credit risk, Bandhan Bank will be responsible for identifying and issuing cards to its customers. Extra Shots: Bandhan Bank: Bandhan Bank Ltd. is an Indian banking and financial services company. Headquarters: Kolkata CEO: Chandra Shekhar Ghosh Chairperson: Anup Kumar Sinha Standard Chartered PLC is a British multinational banking and financial services company. Headquarters location: London, United Kingdom CEO: Bill Winters RBI relaxes External Commercial Borrowing norms for corporates, non-banking lenders The Reserve Bank has liberalised the end-use stipulations for the External Commercial Borrowings both for corporates as well as liquidity starved non-banking lenders. Liberalisation will be applicable to ECBs taken for working capital, general corporate purpose loans or repayment of rupee loans. Extra Shots: RBI: The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Founded: 1 April 1935, Kolkata Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: B P Kanungo, M K Jain, N S Vishwanathan RBI allows Bank of China to offer regular banking services in India The Reserve Bank of India (RBI) allowed Bank of China to offer regular banking services in the country. RBI included 'Jana Small Finance Bank Limited' in the Second Schedule. The name of 'The Royal Bank of Scotland plc' has been changed to 'NatWest Markets Plc' in the Second Schedule. 'National Australia Bank' has ceased to be a banking company within the meaning of the Banking Regulation Act. Extra Shots: RBI: The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Page 2 of 111 Join Our Telegram Group to Get Instant Notifications, Study Materials, Quizzes & PDFs: https://t.me/exampunditofficial For Quality Study Materials & Practice Quiz Visit: www.exampundit.in | For Free PDF Materials Visit: pdf.exampundi.in Monthly Current Affairs PDF - August 2019 Founded: 1 April 1935, Kolkata Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: B P Kanungo, M K Jain, N S Vishwanathan Reserve Bank of India imposes 11 crore fine on seven PSBs for violating norms The Reserve Bank of India imposed a penalty of ₹11 crores on seven public sector banks for violating norms on current account opening. The banks which includes Allahabad Bank and Bank of Maharashtra have been imposed a fine of Rs 2 crore each, Bank of Baroda, Bank of India, Indian Overseas Bank and United Bank of India have been slapped with fines of Rs 1.5 crore each, while Oriental Bank of Commerce has been imposed with a penalty of Rs1 crore. Extra Shots: RBI: The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Founded: 1 April 1935, Kolkata Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: B P Kanungo, M K Jain, N S Vishwanathan State Bank of India and Shanghai becomes first Indian bank to link up with CNAPS State Bank of India's Shanghai branch linked to China's National Advanced Payment System (CNAPS). It is the first Indian Bank to operationalize it. The CNAPS, launched in 2008 by the People's Bank of China (PBOC) provides real-time settlement services for all payments cleared in China. The CNAPS system is complemented by its international counterpart, the CIPS (China International Payments System or Cross-Border Interbank Payment System) launched in 2015 Aim: To boosting international use of the Chinese currency, yuan. The participants from multiple countries across the globe participated. Extra Shots: SBI: The State Bank of India is an Indian multinational, public sector banking and financial services statutory body. Chairperson: Rajnish Kumar Headquarters: Mumbai Flipkart set to take on Amazon with free video streaming service. Walmart‘s Flipkart unit to introduce a free video streaming service to draw new users from small towns and cities in India. Flipkart is the next 200 million consumers who are coming online. Extra shots: Flipkart Internet Private Limited is an e-commerce company. Founded: October 2007 Founders: Binny Bansal, Sachin Bansal CEO: Kalyan Krishnamurthy RBI cuts 35bps repo rate in August policy Page 3 of 111 Join Our Telegram Group to Get Instant Notifications, Study Materials, Quizzes & PDFs: https://t.me/exampunditofficial For Quality Study Materials & Practice Quiz Visit: www.exampundit.in | For Free PDF Materials Visit: pdf.exampundi.in Monthly Current Affairs PDF - August 2019 RBI Governor Shaktikanta Das announced third bi-monthly policy review by the Monetary Policy Committee (MPC) for 2019-20. RBI announced a 35 basis points (bps) cut to the benchmark repo rate on 7th August. This reduction is the fourth in a row since Shaktikanta Das took over as the governor in December 2018. It is the lowest since April 2010. Policy Rates: Repo Rate: 5.40% Reverse Repo Rate: 5.15% Marginal Standing Facility Rate: 5.65% Bank Rate: 6.00% Reserve Ratios: Cash Reserve Ratio (CRR): 4% Statutory liquidity ratio (SLR): 18.75% Some Other Important Decisions: RBI has reduced its GDP growth forecast for 2019-20 from 7% to 6.9%. The RBI will set a Central Payment Fraud Registry to track frauds in the payment systems. RBI plans to issue detailed guidelines on permitting banks to on-lend through NBFCs. The move aims to increase credit flow to certain priority sectors which contribute significantly to the economic growth in terms of exports and employment. NEFT system will be made available on a 24x7 basis from December 2019. Extra Shots: RBI: The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Founded: 1 April 1935, Kolkata Headquarters: Mumbai Governor: Shaktikanta Das Deputy Governors: B P Kanungo, M K Jain, N S Vishwanathan Govt announces mega merger of public sector banks The government has announced the merger of ten public sector banks into four banks. It announced the merger of Oriental Bank of Commerce and United Bank with Punjab National Bank as well as the merger of Canara Bank and Syndicate Bank. The merger of Union Bank of India, Andhra Bank and Corporation Bank and the consolidation of Indian Bank with Allahabad Bank was also announced. After the merger of banks, the country will now have 12 public sector banks instead of 27. the government is trying to build next-generation banks and eight PSBs have launched repo-linked loans in last one week. Ms Sitharaman said, there will be no interference in the bank's commercial decisions. She said, loans above 250 crore rupees are being closely monitored. Page 4 of 111 Join Our Telegram Group to Get Instant Notifications, Study Materials, Quizzes & PDFs: https://t.me/exampunditofficial For Quality Study Materials & Practice Quiz Visit: www.exampundit.in | For Free PDF Materials Visit: pdf.exampundi.in Monthly Current Affairs PDF - August 2019 Canara Bank introduced OTP facility for ATM withdrawals Canara Bank has launched India's first one-time password (OTP) facility for ATM withdrawals. The OTP will be activated for cash withdrawals over Rs.10,000 per day at its ATMs to protect its cardholders from unauthorized withdrawal. Extra Shots: Canara Bank: Canara Bank is one of the largest public sector banks owned by the Government of India. Headquarters: Bengaluru Founder: Ammembal Subba Rao Pai Chief: Sankara Narayanan Tagline: Together we can RBI issues guidelines on Interest Subvention Scheme for Kisan Credit Card (KCC) The Reserve Bank of India(RBI) issued guidelines on Interest Subvention Scheme (ISS)for Kisan Credit Card (KCC) to Fisheries and Animal Husbandry farmers during the year 2018-19 and 2019-20. RBI directed the Central Government to operate the interest subvention guidelines. Extra Shots: Kisan Credit Card (KCC) KCC is a credit scheme introduced in August 1998 by Indian banks. This model scheme was prepared by the National Bank for Agriculture and Development (NABARD) on the recommendations of R.V. Gupta committee to provide term loans and meet agricultural needs. RBI: The Reserve Bank of India is India's central banking institution, which controls the issuance and supply of the Indian rupee. Founded: 1 April 1935, Kolkata Headquarters: Mumbai Governor: Shaktikanta Das SIDBI partners with Incuspaze for coworking space for MSMEs The Small Industries Development Bank of India (SIDBI) partnered with Incuspaze Solutions Private Limited (Incuspaze) to open a coworking space, designed for Micro, Small and Medium Enterprises(MSMEs) and startups.