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Banking Current Affairs : 17th Feb 2024

Today’s Current Affairs: 17th Feb 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

Ravichandran Ashwin joins elite 500 test wicket club:

  • Indian off-spinner Ravichandran Ashwin claimed his 500th Test wicket in the first innings of the third Test match against England at the Niranjan Shah Stadium in Rajkot.

IRDAI announced the reconstitution of the Expert Committee on the implementation of the Indian Accounting Standards.:

  • According to an agency press release, the 13-member committee, which will be headed by the Member F&I of IRDAI, will also include the Chairman of the Accounting Standards Board of ICAI, and the President of the Institute of Actuaries of India amongst others.

The Reserve Bank of India (RBI) extended the deadline for Paytm Payments Bank services:

  • The customers can make deposits, credit transactions, prepaid services, wallets, FASTags, and National Common Mobility Cards till March 15, 2024.

Paytm shifts nodal account to Axis Bank for seamless transactions:

  • One97 Communications, which operates the brand Paytm, announced it has shifted its nodal account to Axis Bank from Paytm Payments Bank to ensure continuity & seamless merchant settlements after the RBI ordered its termination by Feb 29

LIC launches a non-participating product ‘Amritbaal’ for children:

  • The Life Insurance Corporation of India (LIC) announced the launch of a non-participating product – ‘Amritbaal’.
  • The product, designed for children, will be available from February 17, 2024. I
  • t is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan.
  • The plan is designed to meet the higher education and other needs of the child.

Outward FDI rises 25.7% to $2.1 billion in January, shows RBI data:

  • India’s outward foreign direct investment (FDI) commitments rose by 25.7% on a year-on-year (Y-o-Y) basis to $2.09 billion in January 2024, compared to over $1.66 billion in January 2023.
  • Sequentially, they declined from $2.5 billion in December 2023, according to Reserve Bank of India (RBI) data.

Judge Nawaf Salam Elected As ICJ’s New President:

  • Nawaf Salam was elected president of the ICJ in The Hague, succeeding US Judge Joan Donoghue.
  • Udaan’ actor Kavita Chaudhary Passes Away at 67

SBI Launches Digital Enrolment for PMJJBY and PMSBY Schemes:

  • State Bank of India (SBI) has introduced a convenient self-subscribing journey for its customers to enrol under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Pradhan Mantri Suraksha Bima Yojana (PMSBY) schemes digitally, eliminating the need to visit a branch or Customer Service Point.

SIDBI Releases Impact Study ‘Prabhaav’ on Fund of Funds for Startups:

  • The Small Industries Development Bank of India (SIDBI) has released the impact assessment report of the Fund of Funds for Startups (FFS), a pivotal element of the Start Up India Action Plan initiated by Prime Minister Shri Narendra Modi in 2016.