oliveboard October 2020 Monthly Current Affairs CLICK HERE TO PREPARE FOR IBPS, SSC, SBI, RAILWAYS & RBI EXAMS IN ONE PLACE Bolt is a series of GK Summary ebooks by Oliveboard for quick revision oliveboard.in www.oliveboard.in Table of Contents Banking & Finance .........................................................................................................................................4 Economy ........................................................................................................................................................... 10 National ............................................................................................................................................................ 12 International .................................................................................................................................................. 17 States/UTs ...................................................................................................................................................... 19 Sports ................................................................................................................................................................ 29 Agreements & MoUs.................................................................................................................................... 31 Schemes ........................................................................................................................................................... 38 Appointments & Resignations ................................................................................................................ 39 Awards .............................................................................................................................................................. 43 Ranks & Reports ........................................................................................................................................... 46 Important Days ............................................................................................................................................. 48 Summit & Conferences .............................................................................................................................. 52 Science & Technology ................................................................................................................................ 54 Defence............................................................................................................................................................. 57 Books & Authors ........................................................................................................................................... 60 Miscellaneous ................................................................................................................................................ 61 Obituary ........................................................................................................................................................... 62 Person in news .............................................................................................................................................. 67 Insurance ........................................................................................................................................................ 70 India & World ................................................................................................................................................ 71 Environment ................................................................................................................................................... 74 Apps & Portals ............................................................................................................................................... 75 Acquisitions & Mergers .............................................................................................................................. 77 Agri-Business ................................................................................................................................................. 77 External Affairs ............................................................................................................................................. 78 FinTech ............................................................................................................................................................. 78 Legal .................................................................................................................................................................. 78 PSUs ................................................................................................................................................................... 79 www.oliveboard.in www.oliveboard.in Banking & Finance 1. Indian Bank unveils IB-eNote facility Public sector Indian Bank has unveiled its IB-eNote facility, aimed at providing a paperless working environment and to improve the turnaround time considerably. The initiative is expected to save costs on paper, printing and other administrative expenses. IB also launched Ind Guru, e-learning platform for its employees 2. SBI Card has joined hands with American Express to offer premium benefits, services SBI Card has joined hands with Amex to offer global benefits and exclusive privileges for consumers in India. Under this agreement, SBI Card's top-end products SBI Card ELITE and SBI Card PRIME will be available on American Express’s global network. MD & CEO, SBI Card: Ashwini Kumar Tewari 3. 6 public sector banks excluded from Second Schedule of RBI Act The RBI has excluded 6 PSBs from the Second Schedule of the RBI Act following their merger with other banks. The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra Bank, Corporation Bank, and Allahabad Bank. Scheduled Comm. Bank: Bank mentioned in 2nd Schedule of RBI Act 4. IDBI Bank becomes first bank to enable document embedding feature on SFMS IDBI has become 1st lender to enable document embedding feature on SFMS managed by Indian Financial Tech. & Allied Services. To further digitise financial transactions & to secure financial comm. system, IFTAS has introduced the feature of doc. embedding. IFTAS is a wholly owned subsidiary of the Reserve Bank of India. 5. RBI fixes Centre's WMA limit at Rs 1.25 lakh crore for second half of FY 2020-21 RBI set the ways and means advances limit at Rs 1.25 lakh cr. for the Union govt for 2nd half of the fiscal year. WMAs are temporary advances given by the RBI to the government to tide over any mismatch in receipts and payments. Interest rate on WMA= repo rate; On O/D it is 2% above repo rate 6. SBI signs MoU with HUL for an end to end digital solutions for ecosystem Digitized solutions for trade partners are created to cater to the distribution & retail ecosystem of HUL. It also aims to make availing of credit easy for channel partners, provides UPI based payment solutions & PoS terminals to retailers & distributors. HUL is an Indian consumer goods company headquartered in Mumbai. 7. SEBI Imposes Rs 6-Crore Penalty on NSE For Multiple Omissions The market regulator imposed a penalty of Rs 6 crore on the National Stock Exchange of India Ltd. for lack of disclosures, getting into areas where it’s not allowed, and not seeking prior permission when required. Mr. Vikram Limaye is the Managing Director and CEO of NSE. 8. ICICI Bank Introduces Cardless Cash Withdrawal Using iMobile App ICICI Bank announced that it has launched for its customers the facility with which they can now use the iMobile app to withdraw cash in a simple and safe mode. The service in now available across 15,000 ICICI Bank ATMs across the country. National Financial Switch is the largest network of shared ATMs. www.oliveboard.in 4 www.oliveboard.in 9. Suryoday Small Finance Bank files IPO papers with Sebi Suryoday Small Finance Bank has filed draft papers with capital markets watchdog Sebi to float an initial public offering to utilise the net proceeds from the fresh issue towards augmenting its Tier –1 capital base to meet future capital requirements. Suryoday Small Finance Bank HQ: Navi Mumbai. 10. Gross NPAs as a percentage of gross loans outstanding of RRBs marginally declined to 10.4 per cent as on March 2020 Gross NPAs as a percentage of gross loans outstanding of RRBs marginally declined to 10.4 per cent as on March 2020 from 10.8 per cent as on March 31, 2019, as per paper published by the NABARD, based on the data on ENSURE portal. 45 RRBs functioning in 685 districts of 26 states & 3 UTs. 11. Indian Bank’s Kisan credit card loan for TN fishermen Indian Bank has introduced Kisan credit card loan scheme for fishermen in Tamil Nadu. Under this KCC loans of up to ₹2lakh as working capital with low-interest rate will be provided. A RUPAY KCC would be issued for loan provided under Centre's MUDRA scheme Indian Bank HQs: Chennai CEO: Padmaja Chunduru 12. Govt appoints Shashank Bhide, Ashima Goyal and Jayant Verma as new MPC members Govt. has appointed Shashank Bhide, Ashima Goyal & Jayanth R Varma as independent members to MPC. Panel is chaired by RBI governor. The term of the independent members will be for a period of 4 years or until further order, whichever is earlier. The govt had set up the Monetary Policy Committee in 2016 13. Motilal Oswal Home Finance appoints