aa Is Now In CHENNAI | MADURAI | TRICHY | SALEM | COIMBATORE | CHANDIGARH | BANGALORE |ERODE | NAMAKKAL | PUDUCHERRY |THANJAVUR |TRIVANDRUM | ERNAKULAM |TIRUNELVELI |VELLORE | www.raceinstitute.in | www.bankersdaily.in CANARA BANK PO & ESIC SSO MAINS CAPSULE Exclusively prepared for RACE students Chennai: #1, South Usman Road, T Nagar. | Madurai: #24/21, Near MapillaiVinayagar Theatre, Kalavasal. | Trichy: opp BSNL office, Juman Center, 43 Promenade Road, Cantonment. | Salem: #209, Sonia Plaza / Muthu Complex, Junction Main Rd, State Bank Colony, Salem. | Coimbatore #545, 1st floor, Adjacent to SBI (DB Road Branch),DiwanBahadur Road, RS Puram, Coimbatore| Chandigarh| Bangalore|Erode |Namakkal |Puducherry |Thanjavur| Trivandrum| Ernakulam|Tirunelveli | Vellore | H.O: 7601808080 / 9043303030 | www.raceinstitute.in Chennai RACE Coaching Institute Pvt Ltd CANARA & ESIC MANINS CAPSULE S.NO TOPICS PAGE NO 1. BANKING & BUSINESS 1 2. RANKING & INDEXES TAKEN BY VARIOUS ORGANISATIONS 27 3. NATIONAL NEWS 39 4. NATIONAL SUMMITS 76 5. STATES IN NEWS 88 6. INTERNATIONAL NEWS 115 7. LIST OF AGREEMENTS / MOU’S SIGNED BY 130 INDIA WITH VARIOUS COUNTRIES 8. INTERNATIONAL SUMMITS 137 9. APPOINTMENTS IN NATIONAL & INTERNATIONAL 146 10. AWARDS & HONOURS 163 R.A.C.E 11. LIST OF VARIOUS COMMITTEES AND ITS HEAD 189 12. LOAN SANCTIONED BY NATIONAL AND INTERNATIONAL BANK 195 (APRIL – NOVEMBER 2018) 13. MILITARY, AIR, NAVY EXERCISES CONDUCTED BY 198 VARIOUS COUNTRIES 14. SPORTS NEWS 200 15. BOOKS AND AUTHORS 243 16. IMPORTANT EVENTS OF THE DAYS 246 17. OBITUARY 253 18. EMPLOYEES' STATE INSURANCE CORPORATION (ESIC) 257 Head Office - Chennai: Mob: 9043303030 / 7601808080| Madurai | Trichy | Salem | Coimbatore | Chandigarh | Bangalore| Erode |Namakkal |Puducherry |Thanjavur| Trivandrum| Ernakulam |Tirunelveli | Vellore | 2 Official Website: www.Raceinstitute.in Official Blog: www.Bankersdaily.in Chennai RACE Coaching Institute Pvt Ltd CANARA & ESIC MANINS CAPSULE BANKING & BUSINESS RBI IN NEWS: Reserve Bank of India launched a Survey on India’s startup sector (SISS) to create a profile of the startup sector in India consisting of dimensions relating to turnover, profitability and workforce. According to a Reserve Bank of India data, total credit growth from banks to the commercial sector grew at 15. 6 per cent to Rs 97. 32 lakh crore from previous Rs 84. 22 lakh crore in the fortnight ended November 9, 2018, the highest growth since demonetization of Rs. 500 and Rs. 1000 currency notes in 2016, as per Reserve Bank of India data. The Reserve Bank of India has permitted banks to grant partial credit enhancement (PCE) to bonds issued by non-banking financial companies (NBFCs) and housing finance companies, listed with the Reserve Bank of India (RBI) and the National Housing Bank respectively. The bonds by the NBFCs shall R.A.C.E have maturities not less than 3 years. Reserve Bank of India gave licence to the Kirloskar group to launch a Non-Banking Finance Company (NBFC) named Kirloskar Capital. It will be headed by industry veteran Vimal Bhandari as CEO. RBI decided to set up an expert committee to examine the central bank’s Economic Capital Framework (ECF) to enable transfer of reserve worth Rs 3. 6 lakh crore to Government of India. The Reserve Bank has initiated steps to set up a wide-based Digital Public Credit Registry (PCR) to capture details of all borrowers, including wilful defaulters and also the pending legal suits in order to check financial delinquencies. For developing the registry the RBI has invited expression of interest (EOI) from companies with a turnover of over Rs 100 crore in the last three years. Head Office - Chennai: Mob: 9043303030 / 7601808080| Madurai | Trichy | Salem | Coimbatore | Chandigarh | 3 Bangalore| Erode |Namakkal |Puducherry |Thanjavur| Trivandrum| Ernakulam |Tirunelveli | Vellore | Official Website: www.Raceinstitute.in Official Blog: www.Bankersdaily.in Chennai RACE Coaching Institute Pvt Ltd CANARA & ESIC MANINS CAPSULE Enforcement Directorate (ED) flagged the RBI about the activities of a Karnataka-based firm charging it with running a ponzi scheme “in the name of Islamic banking or halal investment”. It collected Rs 950 crore funds from gullible investors till now. Reserve Bank of India cancelled the certificate of registrations of as many as 31 Non-Banking Finance Companies (NBFCs) for unspecified reasons. The Reserve Bank has liberalised the norms governing foreign borrowings for infrastructure creation “in consultation with the Government. Reduction in minimum tenor for borrowing through the ECB route, from 5 years to 3 years. The average maturity requirement for mandatory hedging has been reduced to 5 years from earlier 10 years. Reserve Bank of India announced its plan to establish an ombudsman for digital payments by March 2019. The Reserve Bank has announced that it will inject Rs 12, 000 crore into the system through purchase of government securities on NovemberR.A.C.E 15. In the announcement it stated that RBI would purchase government dated securities maturing in 2021, 2022, 2024, 2027 and 2033 bearing various interest rates. The Stocks were issued for a minimum amount of Rs. 10, 000/- (nominal) and in multiples of Rs. 10, 000/- thereafter. The RBI board has decided to set up a high-powered committee to examine issues related to surplus capital of Rs 9. 69 lakh crore with the central bank and advised it to consider a scheme for restructuring stressed assets in the MSME sector. Reserve Bank of India (RBI) in consultation with the government of India, reduced the mandatory hedging provision to 70 per cent from 100 per cent. To ease the External Commercial Borrowing (ECB) norms. Reserve Bank of India imposed a fine amounting to Rs. 6. 1 crores fine on two lenders Deutsche Bank (Rs. 30. 10 million) and Jammu and Kashmir Bank (Rs. 30 million) for non-compliance with the directions issued by RBI on IRAC norms and KYC/AML norms. Head Office - Chennai: Mob: 9043303030 / 7601808080| Madurai | Trichy | Salem | Coimbatore | Chandigarh | Bangalore| Erode |Namakkal |Puducherry |Thanjavur| Trivandrum| Ernakulam |Tirunelveli | Vellore | 4 Official Website: www.Raceinstitute.in Official Blog: www.Bankersdaily.in Chennai RACE Coaching Institute Pvt Ltd CANARA & ESIC MANINS CAPSULE The Reserve Bank of India (RBI) gave its nod to start that Kerala Bank, a venture proposed by the Kerala government. It will be Kerala Cooperative Bank, but will be referred to as Kerala Bank. It will have a net deposit amount of Rs 650 billion. The unification will be completed by March 2019. Kreditech has been licensed by the RBI to operate as an NBFC with the first-of-its-kind licence in the Indian financial history for digital lending business and app-based financing. Reserve Bank announced injection of liquidity worth Rs 12, 000 crore into the system through purchase of government bonds on October 11 under Open Market Operations. The government will purchase bonds with maturity ranging between from 2020 to 2030. The Reserve Bank of India (RBI) has allowed state-owned oil companies to borrow long term working capital from overseas. RBI relaxed the policy on borrowing up to 10 billion US dollar from the overseas by the state owned fuel retailers. Reserve Bank of India (RBI) increased lenders’ single borrower exposure limit for Non-Banking R.A.C.E Financial Companies (NBFCs) which do not finance infrastructure, from 10% to 15% of capital funds, until 31st December 2018. RBI laid down norms for the efficient functioning of Central Counterparties (CCPs). An applicant seeking authorisation/recognition as a CCP should have a minimum networth of Rs 300 crore at the time of submitting its application. The Reserve Bank of India (RBI) has allowed banks to lend more to non-banking finance companies (NBFC), by increasing the single borrower exposure limit from 10 per cent to 15 per cent. The increase has been limited up to December 31, 2018, and has excluded NBFCs that lend to the infrastructure sector. The Overseeing Committee (OC) that is formed up under the inter-creditor agreement (ICA) for resolution of stressed assets will have 6 members. The members of OC include: Janki Ballabh (former Head Office - Chennai: Mob: 9043303030 / 7601808080| Madurai | Trichy | Salem | Coimbatore | Chandigarh | 5 Bangalore| Erode |Namakkal |Puducherry |Thanjavur| Trivandrum| Ernakulam |Tirunelveli | Vellore | Official Website: www.Raceinstitute.in Official Blog: www.Bankersdaily.in Chennai RACE Coaching Institute Pvt Ltd CANARA & ESIC MANINS CAPSULE Chairman, State Bank of India), MBN Rao (former Chairman & Managing Director, Canara Bank), M Damodaran (former Chairman, SEBI) and HR Khan (former Deputy Governor, RBI). RBI issued norms for operating Electronic Trading Platforms to enable transactions in eligible instruments. The directions are thus called: ‘The Electronic Trading Platforms (Reserve Bank) Directions, 2018’. These come into force with effect from October 05, 2018. RBI in consultation with the government and the Securities and Exchange Board of India (SEBI), proposed a flexible Voluntary Retention Route (VRR) for FPIs to invest in debt markets. Under this, a foreign portfolio investor will be required to invest a minimum of 67% of the committed portfolio size (CPS) within the one-month period. The Reserve Bank of India (RBI) lifted its ban on adding new customers for Fino Payments Bank. The ban had been placed by the RBI in May because of non-compliance of operational guidelines, particularly certain accounts having deposits in excess of the allowed amount. The Reserve Bank of India (RBI) on releasedR.A.C.E guidelines to facilitate payments among different mobile wallets using UPI, a move aimed at promoting digital transactions. The Reserve Bank of India will inject Rs 40, 000 crore in the banking system next month, a move that will help ease cash shortage in the system and stabilise debt market rates. Reserve Bank of India announced injection of Rs. 36, 000 crore into the system through purchase of government bonds. To meet the festival season demand for funds. It would take place in the second, third and fourth week of October.