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NEWS LETTER
CURRENT AFFAIRS CAPSULES 23.11.2018 FRIDAY
INTERNATIONAL AFFAIRS BANKING RATES
•Indian Navy has issued the Letter of Request (LoR) to the U.S., under Policy Repo Rate : 6.50%
the Foreign Military Sales (FMS) route, for the purchase of 24 MH-60R Reverse Repo Rate : 6.25%
Multi-Role Helicopters (MRH) in a deal estimated at $2bn. This is the Marginal Standing Facility Rate : 6.75%
defence procurements & inductions from the U.S. & Russia in the last Bank Rate : 6.75%
2 months. Reserve Rates
•Hindu Economic Forum New Zealand (HEFNZ) was officially launched CRR : 4%
by Swami Vigyananand on Sunday, 18 November 2018 in Auckland, SLR : 19.5%
with the vision “Grow Together; Share Together”. Lending or Deposit Rates
NATIONAL AFFAIRS Base Rate : 8.85% - 9.45%
MCLR (Overnight) : 8.05% - 8.45%
•Expedia Vacation Deprivation Report 2018 was released that Savings Deposit Rate : 3.50% - 4.00%
stated that India is among the most vacation deprived nation in the Term Deposit Rate > 1 Year : 6.25% - 7.25%
world ranking 5th among the 19 surveyed countries. As per data,
53% of Indians take fewer vacation days than they get. BANKING & FINANCE
•HRD Minister Prakash Javadekar launched the Institution’s •The Ujjivan small finance bank a wholly owned
subsidiary of Ujjivan Financial Services Limited
Innovation Council. The innovation cell for higher education
introduced a new personal loan scheme for salaried
institutions through video conferencing at the AICTE headquarters in individuals.
New Delhi.
•The Indian Chamber of Commerce (ICC)signed a memorandum of AWARDS & HONOURS
•Amitabh Bachchan awarded the third Sayaji Ratna
understanding with the IIM Calcutta Innovation Park to help Award in Laxmi Vilas Palace, Vadodara for his social
facilitate incubation of start-ups primarily in the Eastern and North contribution to pay off the loans of several farmers
Eastern states. from Uttar Pradesh and Maharashtra.
BUSINESS & ECONOMY
•Panasonic, Japanese technology, said it expects sales to BANKING TERMINOLOGIES
•Authorization: The issuance of approval, by a
around Rs.140 crore in the next 1 year from its bluetooth-based
credit card issuer, merchant, or other affiliate, to
trackers that have been conceptualized & designed by its team in
complete a credit card transaction.
India. It had launched 2 versions of its tracker ‘Seekit’. It priced
•Automated Clearing House (ACH): A
around Rs.1,299.
computerized facility used by member
•Rajesh Exports, the world’s largest gold refiner, procured an order
depository institutions to electronically combine,
worth Rs.933 crore from the United Arab Emirates (UAE). The order .
sort, & distribute inter-bank credits and debits.
is to be executed in the month of March 2019.
ACHs process electronic transfers of gvnt
•Softbank-backed, digital payments service provider, Paytm (One 97
securities &provided customer services, such as
Communications Limited) partnered with the Life Insurance
direct deposit of customers' salaries and
Corporation of India (LIC) to offer online insurance premium
government benefit payments & preauthorized
payments on its platform.
transfers.
•Ducati, the Italian super-bike maker launched Panigale V4 R in
India. The bike priced at Rs.51.87 lakh. The new model would be
limited to just five units in India and bookings were open across all SPORTS
Ducati dealerships in the country. •The International Cricket Council (ICC)
•The Indian subsidiary of Denmark-based Grundfos is to set up its announced its partnership with Google. The
third pump production unit by 2020 in Chennai, Tamil Nadu. It plans partnership is to offer the fans a great viewing
to set it up in a State which would offer approvals on fast track. experience of the upcoming semifinals and final
of the ICC Women’s World T20.
SCIENCE & TECHNOLOGY
•Morocco successfully launched and it is a second earth EXTRA CAPSULE
observation satellite named Mohammed VI-B on board of
KARNATAKA BANK
Arianespace Vega rocket from launch pad at Guiana.
1. MD & CEO – Shri M.S Mahabaleshwara
2. Director – Shri. Ashok Haranahalli
IMPORTANT DAYS 3. Non – Executive Chirman - Shri Jayarama
•Nov 29th – International day of Solidarity with Palestinian Bhat
People

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NEWS LETTER
BANKING AWARENESS 23.11.2018 FRIDAY
RBI EASES LIQUIDITY NORMS FOR BANKS
•For Non-Banking Financial Companies (NBFCs), increased STATIC BOOSTER
lenders' single borrower exposure limit to 15 per cent of capital 1. Important Acts Of The Banking
funds. Sector
•From December 31, 2018, single borrower exposure limit has 2. Negotiable Instrument act, 1881
been increased from 10 per cent of capital funds.
3. Co-operative Societies Act, 1912
•Banks will be permitted to reckon Government securities held by
them up to an amount equal to their incremental outstanding
4. Reserve Bank of India Act, 1934
credit to NBFCs and Housing Finance Companies (HFCs). 5. The Industrial Finance Corporation of
•Liquidity coverage ratio: India Act–1948
•Highly liquid assets that financial institutions need to hold in 6. The Banking Companies (Legal
order to meet short-term obligations. Practitioner Clients’ Accounts) Act–
•Reserve Bank of India 1949
•Headquarters: Mumbai 7. The Industrial Disputes (Banking and
•Governor: Raghuram Rajan Insurance Companies) Act–1949
8. The Banking Regulation(Companies)
FESTIVAL CURRENT AFFAIRS Rules–1949
9. The Banking Regulation Act–1949
•Open Forum at International Film Festival of India to begin in 10. The State Bank of India Act–1955
Goa. It provides a platform to filmmakers, actors, jury members, 11. The State Bank of India (Subsidiary
senior government officials, an organizers of film festivals from
Banks) Act-1959
India and abroad to exchange their views in a free and frank
manner.
12. The Subsidiary Banks General
Regulation–1959
13. The Deposit Insurance and Credit
DAILY DOSE 13 Guarantee Corporation Act–1961
Operation Smile is related to‐ missing Children 14. Banking Companies (Acquisition and
Humayun’s Tomb located in‐ New Delhi Transfer of Undertaking) Act, 1969
Number of bones in spinal cord‐ 33 15. The Regional Rural Banks Act–1976
How many days did the battle of Mahabharata last?‐ 18 days
Kalindi river is also known as – Yamuna
The name given to a series of satellites launched by ISRO‐ Rohini
First Female President of Nepal – Bidhya Devi Bhandari HIS - STORY
What is the Rank of India in Corruption Index 2015?‐ 76 4. Samudra Gupta (315-380 BCE)
Uniform civil code of India – Article‐44 Gupta Emperor
Prime Minister of Nepal – Khadga Prasad Sharma Oli Described by some as “India’s Napoleon” (though,
FIFA ballon d’or award 2015‐ Lionel Messi unlike the French emperor, he was never defeated in
Physical Research Laboratory was founded by?‐Vikram Sarabhai battle), Samudragupta was a masterful military
State with Maximum boundaries with other states?‐ UP tactician and leader of the Gupta dynasty from 335-
Who was the first President of the US? ‐ George Washington 375. Chosen above his elder brothers to succeed King
X ray Inventor‐ Wilhelm Conrad Roentgen Chandragupta I (not to be confused with Chandragupta
Commonwealth Games 2014 – Glasgow, Switzerland Maurya), the young man immediately set out on a
lightest gas‐ Helium series of military expeditions in order to expand the
Muhammad Hidayatullah – 11th Chief Justice of India Gupta empire and unify the nation.
An ecotone is a‐ transition area between two biomes India at this stage had reverted to a patchwork of
First Woman Prime minister of Sri Lanka‐ Mrs Sirima Bandaranaike independent kingdoms, and to achieve his goal
Star shines due to‐ thermonuclear fusion Samudragupta had to defeat every one of them,
First Muslim Woman President of the world – Benazir Bhutto exterminating the opposing monarchs along the way.
First Chairman of the Banks Board Bureau‐ Vinod Rai By the time of his death, he had annexed more than 20
G20 Summit – Turkey kingdoms, and his military might had seen
First Female Judge of High Court – Justice Anna Chandy neighbouring states in Iran and Afghanistan become
How many constellations are named?‐ 88 tax-paying tributaries. Samudragupta’s legacy was an
The title Kaiser‐e‐Hind was given by the British Government to whom?‐ empire, stretching from the Himalayas to central India,
Mahatma Gandhi that would last until the year 500. A keen patron of the
Modern Agra was founded by Sikandar Lodhi arts, his reign was also responsible for fostering music,
First Women President of Indian National Congress – Annie Besant science, literature and religious freedom, and is often
Ajanta Caves – Maharashtra referred to as “the Golden Age of India”.

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