oliveboard November 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 ............................................................................................................................................................................ 9 National ........................................................................................................................................................................... 11 International ................................................................................................................................................................ 16 States/UTs ..................................................................................................................................................................... 19 Sports ................................................................................................................................................................................ 32 Agreements & MoUs ................................................................................................................................................. 34 Schemes .......................................................................................................................................................................... 39 Appointments & Resignations ............................................................................................................................ 41 Awards ............................................................................................................................................................................. 45 Ranks & Reports ......................................................................................................................................................... 48 Important Days ........................................................................................................................................................... 50 Summit & Conferences ........................................................................................................................................... 55 Science & Technology ............................................................................................................................................. 58 Defence ............................................................................................................................................................................ 61 Books & Authors ......................................................................................................................................................... 63 Miscellaneous ............................................................................................................................................................... 65 Obituary ........................................................................................................................................................................... 66 Person in news ............................................................................................................................................................ 70 Insurance ........................................................................................................................................................................ 72 India & World ............................................................................................................................................................... 74 Environment .................................................................................................................................................................. 77 Apps & Portals ............................................................................................................................................................. 79 Acquisitions & Mergers ........................................................................................................................................... 80 Agri-Business ............................................................................................................................................................... 82 FinTech ............................................................................................................................................................................. 83 Legal .................................................................................................................................................................................. 84 PSUs ................................................................................................................................................................................... 84 www.oliveboard.in www.oliveboard.in Banking & Finance 1. UPI transactions surpass 2-billion mark in October on festive boost National Payments Corporation of India data shows that Unified Payments Interface registered 2.07 bn transactions, almost 82% higher than 1.14 bn transactions reported in October month last year. Transactions amounted to ₹3.86 tn in first 15 days of Oct. UPI was introduced by NPCI, a subsidiary of RBI, in 2016. 2. Reserve Bank to evaluate impact of 'RBI Kehta Hai' awareness campaign RBI to evaluate the impact of multi-media public awareness campaign RBI Kehta Hai, which was launched in 14 languages to educate the public about safe banking and financial practices. It was the first even 360-degree campaign initiated by the central bank. RBI invited Expression of Interest from eligible companies. 3. ICICI Bank launches ‘Mine’ for millennials Inspired by Millennial Network ICICI Bank Mine was launched. It is an instant savings account, driven iMobile application & offers investment guidance to suit the demand of millennials. It is India’s 1st full comprehensive banking programme for millennials 1st experiential branch for millennials is opened in Bengaluru. 4. Bank of Baroda takes a step for emotional well-being – starts employee assistance program India’s premier public sector bank, Bank of Baroda takes a pioneering step for emotional well-being – starts employee assistance program. It is a free and anonymous psychological counselling for 8,000 odd employees launched on a pilot basis. It is being carried out in association with EAP India. 5. RBI announces co-lending scheme for banks, NBFCs To improve the credit flow to the underserved sections, RBI issued guidelines under the co-origination model so that non-banking finance companies (NBFCs) and banks can jointly lend. It is a joint lending process in which risks & rewards are shared. NBFCs to retain at least 20% share of individual loans on books. 6. SBI partners with Paytm to launch contactless credit card State Bank of India partnered with payments platform Paytm to launch 2 models of credit cards – Paytm SBI Card& Paytm SBI Card Select. Available on VISA platform, the cards offer smart app features & also provides superior rewards & benefits for its users. Paytm CEO: Vijay Sekhar Sharma. SBI Chairman: Dinesh Kumar Khara 7. AU Small Finance Bank enters into agreement with CARE Health Insurance Company as Corporate Agent After issuing certificate of registration CA0515 under Registration of Corporate Agents -Regulations by IRDAI AU Small Finance Bank entered into agreement with Care Health Insurance Co Ltd (formerly called Religare Insurance) for health insurance products. AU Bank HQ: Jaipur. MD & CEO: Sanjay Agarwal. 8. Govt provides Rs 670-crore support to RRBs to meet regulatory capital Union government provided Rs 670 crore to RRBs considering their importance in agriculture finance. As per the current scheme, capital support is provided to these banks by Centre, concerned state governments & sponsor banks in the ratio of 50:15:35, resp. RRBs group reported net loss of Rs 2,206 crore this FY. 9. IFFCO Bazar Partners With SBI YONO Krishi App To Boost Accessibility Of Quality Agri-Products IFFCO Bazar e-commerce wing of IFFCO announced its integration with SBI YONO Krishi, a dedicated portal catering to farmer's needs. It offers a wide variety of www.oliveboard.in 3 www.oliveboard.in products speciality fertilisers, organic agri-inputs, seeds, agrochemicals, agri- machinery etc., IFFCO MD: US Awasthi. YONO – You Only Need One. 10. SEBI enhances foreign investment cap of MFs from $ 300 mn to $ 600 mn After a surge in interest in overseas investments by Indian investors, the SEBI enhanced the foreign investment limit for mutual funds to $600 million from $300 million with immediate effect, while capping the overall industry limit at $7 billion. SEBI chairperson – Ajay Tyagi. 11. Axis Bank to acquire shares in CSC e-Governance for Rs 36 crore Axis Bank has acquired over 57,700 shares in CSC e-Governance Services India Ltd for Rs 36.38 crore. CSC e-Governance Services India Ltd is a special purpose vehicle set up by the MeitY to oversee the implementation of the common services centre scheme. Axis Bank CEO: Amitabh Chaudhary HQ: Mumbai 12. Market Regulator SEBI Introduces Flexi-Cap Category For Mutual Fund Investors To provide flexibility to mutual