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Banking Current Affairs : 18th Nov 2023

Today’s Current Affairs: 18th Nov 2023 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc:

2nd Voice of Global South Summit:

  • India recently hosted the Second Voice of Global South Summit, a virtual gathering that reinforced the country’s commitment to fostering collaboration among nations in Latin America, Asia, Africa, and Oceania.
  • Serving as a follow-up to the January event, the summit, themed “Energy Security and Development: Roadmap to Prosperity

Indian Navy’s Inter-Command Ocean Sailing:

  • The Indian Navy, a vanguard in promoting oceanic adventure within India, is gearing up for the Inter-Command Ocean Sailing Race from Kochi to Goa, taking place from November 22 to 26, 2023, under the auspices of the Indian Naval Sailing Association (INSA).

International Students Day 2023:

  • International Students’ Day 2023, celebrated annually on November 17th, is a day dedicated to honoring the achievements and contributions of students worldwide.
  • The day also aims to raise awareness about the challenges faced by international students and to promote cross-cultural understanding and cooperation.

National Epilepsy Day 2023:

  • National Epilepsy Day, observed on November 17 in India, is a crucial event initiated by Dr. Nirmal Surya through the Epilepsy Foundation of India.
  • The day focuses on raising awareness about epilepsy, dispelling myths, and providing support to those facing financial barriers to treatment.

RBI Imposes ₹90.92 Lakh Penalty on Axis Bank:

  • Axis Bank Ltd faces a hefty penalty of ₹90.92 lakh imposed by the Reserve Bank of India (RBI) due to multiple instances of non-compliance with critical directives.
  • The penalties encompass breaches in areas such as ‘Know Your Customer (KYC)’ guidelines, statutory restrictions on loans and advances, risk management, and the code of conduct for opening and operating current accounts.

Aerospace & Aviation in 2047, AeSI’s Expo:

  • The Aeronautical Society of India (AeSI) is hosting a grand event called “Aerospace & Aviation in 2047” on November 18 & 19, 2023, in New Delhi.
  • With President Smt Droupadi Murmu leading the way and special guests like Minister of State Dr Jitendra Singh, it’s a celebration of AeSI’s 75 years of excellence.

World AMR Awareness Week 2023:

  • World AMR Awareness Week (WAAW) is a global campaign held annually from November 18th to 24th to raise awareness about antimicrobial resistance (AMR) and promote best practices among One Health stakeholders to reduce the emergence and spread of drug-resistant infections.

CDB Launches ‘Hello Naariyal’ Call Centre:

  • To bolster coconut farmers and improve coconut cultivation practices, the Coconut Development Board (CDB) has introduced the “Hello Naariyal” Friends of Coconut Trees (FoCT) call center facility.
  • This initiative is designed to offer essential support to farmers in different aspects of coconut harvesting and plant management operations.

IndusInd Bank Launches ‘IndusInd Bank Platinum RuPay Credit Card’ on UPI:

  • IndusInd Bank has taken a significant leap in the realm of digital payments with the launch of its groundbreaking initiative – the ‘IndusInd Bank Platinum RuPay Credit Card’ on the UPI platform.
  • This collaboration with the National Payments Corporation of India (NPCI) marks a pivotal moment in the evolution of seamless and versatile payment options for customers.

RBI Directs Bajaj Finance to Halt Loans for ‘eCOM’ and ‘Insta EMI’ Products:

  • The Reserve Bank of India (RBI) issued a directive on November 15, instructing Bajaj Finance to cease the sanction and disbursal of loans under two of its lending products, namely ‘eCOM’ and ‘Insta EMI Card.’

S&P Global Ratings Predicts RBI Interest Rate Cut in 2024-25 If Food Inflation Is Controlled:

  • S&P Global Ratings, a major credit rating agency, anticipates that the Reserve Bank of India (RBI) might reduce interest rates in the fiscal year 2024-25, contingent on the containment of food inflation and the performance of the monsoon.