oliveboard September 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 ....................................................................................................................................................... 3 Economy ............................................................................................................................................................................ 8 National ........................................................................................................................................................................... 10 International................................................................................................................................................................. 16 Sports ................................................................................................................................................................................ 18 Agreements & MoUs ................................................................................................................................................. 20 Schemes .......................................................................................................................................................................... 25 Appointments & Resignations ............................................................................................................................ 26 Awards ............................................................................................................................................................................. 32 Ranks & Reports ......................................................................................................................................................... 34 Important Days ........................................................................................................................................................... 37 Summit & Conferences ........................................................................................................................................... 41 Science & Technology ............................................................................................................................................. 44 Defence ............................................................................................................................................................................ 46 Books & Authors ......................................................................................................................................................... 48 Miscellaneous ............................................................................................................................................................... 49 Obituary ........................................................................................................................................................................... 50 Person in news ............................................................................................................................................................ 55 Insurance ........................................................................................................................................................................ 57 India & World ............................................................................................................................................................... 58 Environment .................................................................................................................................................................. 60 Apps & Portals ............................................................................................................................................................. 60 Acquisitions & Mergers ........................................................................................................................................... 61 Agri-Business ............................................................................................................................................................... 63 External Affairs ........................................................................................................................................................... 64 FinTech ............................................................................................................................................................................. 65 Legal .................................................................................................................................................................................. 67 PSUs ................................................................................................................................................................................... 68 States/UTs ..................................................................................................................................................................... 69 www.oliveboard.in www.oliveboard.in Banking & Finance 1. European Investment Bank to Invest 650 Million Euro In Kanpur Metro Project European Investment Bank, EU Bank are set to invest EUR650 mn for the construction of Kanpur's first city metro line, which will enable around 3 million people in the city to benefit from public transport. It is the 2nd metro project supported by EIB in UP Kanpur is 5th metro rail project to receive EIB funds. 2. S Krishnan appointed as MD & CEO of Punjab & Sind Bank Krishnan will replace S Harishankar. Earlier to this elevation, S Krishnan was as an Executive Director at Canara Bank. On 24 June 1908, Bhai Vir Singh, Sir Sunder Singh Majitha, and Sardar Tarlochan Singh established Punjab & Sind Bank. Punjab & Sind Bank Headquarters: New Delhi. 3. RBI reviews Priority Sector Lending (PSL) guidelines for inclusive development Bank finance to start-ups up to 50 crore rupees, loans to farmers for installation of solar power plants for solarisation of grid connected agriculture pumps and loans for setting up Compressed Biogas plants have been included newly under priority sector. PSL- Loans that banks lend to EWS of the society mandatorily. 4. LazyPay launches LazyUPI digital credit card LazyPay launched a digital credit card that combines UPI and the Buy-Now-Pay-Later concept. Called LazyUPI, the offering enables users to access real-time credit using UPI across omnichannel networks, including offline merchants and e-commerce platforms. PayU – A fintech company which provides payment technology. 5. Exempt NBFC sector from new current account opening guidelines: FIDC The Finance Industry Development Council (FIDC) raised concerns on the recent norms on the opening of current accounts by banks according to which no bank shall open current accounts for customers who have availed credit facilities in the form of CC/OD. FIDC- Representative body of assets & loan financing NBFCs. 6. KfW IPEX-Bank offers loan of 10 mn euros to Srei Equipment Finance KfW IPEX-Bank is enabling the export of construction machinery for Srei Equipment Finance Limited (SEFL) to India by providing a framework loan of 10 million euros. The financing is backed by cover from Euler Hermes. Devendra Kumar Vyas - MD SEFL. KfW IPEX-Bank HQ: Frankfurt, Germany. SEFL HQ: Kolkata, India. 7. RBI constituted KV Kamath committee names 26 sectors for restructuring The KV Kamath committee selected 26 sectors which require restructuring based on its analyses of financial parameters hit due to the economic crash. The committee selected five financial parameters related to leverage, liquidity, debt serviceability etc. RBI had formed a five-member committee under K V Kamath. 8. India, ADB sign 500 million US dollar loan for Delhi-Meerut Regional Rapid Transit System corridor India and the ADB signed a 500 million US dollar loan for Delhi-Meerut Regional Rapid Transit System (RRTS) corridor. This is the first tranche of a total one-billion-dollar facility. The 82-km long corridor will reduce the journey time to one hour. Asian Development Bank HQ: Mandaluyong, Philippines. www.oliveboard.in 3 www.oliveboard.in 9. FM Announces EASE 2.0 Index results BoB, SBI and erstwhile Oriental Bank of Commerce were felicitated for being the top three in the Top Performing Banks. Bank of Maharashtra, Central Bank of India &erstwhile Corporation Bank were awarded in the Top Improvers category basis EASE 2.0 Index. EASE reform aims to institutionalize clean and smart banking. 10. Public Sector Banks' doorstep banking services launched by FM Nirmala Sitharaman As part of EASE Reforms, Doorstep Banking Services provide convenience of banking services to customers at doorstep through the universal touchpoints of Call Centre, Web Portal or Mobile App. The service request can also be tracked through these channels. EASE stands for Enhanced Access and Service Excellence. 11. Capital India Finance gets forex business licence from RBI Capital India Finance Ltd (CIFL) received Authorised Dealer Category II licence from RBI for conducting forex business, the first listed NBFC in India to receive a licence. It is now authorised to build and do forex business under the brand name RapiMoney.