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Banking Current Affairs : 29th March 2024

Today’s Current Affairs: 29th Mar 2024 for SSC CGL, State SSC, RRB, Railways, Banking Exam & IBPS, etc

Morgan Stanley raises India’s GDP growth forecast:

  • Global brokerage firm Morgan Stanley has revised its gross domestic product (GDP) growth forecast for the financial year 2024-25 (FY25) to 6.8 per cent, up from the previous estimate of 6.5 per cent.

2nd Employment Working Group (EWG) meeting:

  • The two day 2nd Employment Working Group (EWG) meeting under the Brazilian Presidency commenced on 27 March in Brasilia.
  • The G20 EWG’s mandate is to address labour, employment and social issues for strong, sustainable, balanced and job-rich growth for all.

Justice Ritu Raj Awasthi sworn in as judicial member, Lokpal of India:

  • Justice Ritu Raj Awasthi sworn in as judicial member, Lokpal .The oath was administered by Justice A. M. Khanwilkar, Chairperson, Lokpal of India.
  • Shri Justice Ritu Raj Awasthi, before joining as Judicial Member, Lokpal of India, was serving as the Chairperson of 22nd Law Commission of India.

RBI eases AIF norms, clarifies provisioning rules:

  • The Reserve Bank of India (RBI) has relaxed its regulations concerning lenders’ investment in alternative investment funds (AIF).
  • According to the latest circular, lenders are now permitted to invest in AIF schemes that have downstream equity investments in debtor companies

Axis Bank introduces digital opening of US dollar fixed deposit at Gujarat’s GIFT City:

  • Axis Bank announced the introduction of digital US dollar fixed deposit (FD) for NRI customers at the IFSC Banking Unit (IBU) at GIFT City, Gujarat.

Kotak Mahindra Bank Acquires Sonata Finance:

  • Kotak Mahindra Bank has successfully acquired Sonata Finance Private Limited (Sonata) for a total consideration of approximately Rs. 537 crore.
  • This acquisition grants Kotak Mahindra Bank full ownership of Sonata

Nidhu Saxena Appointed as MD & CEO of Bank of Maharashtra:

  • The central government has approved the appointment of Nidhu Saxena as the Managing Director & Chief Executive Officer (MD & CEO) of the Bank of Maharashtra.
  • This appointment will be effective for a period of three years starting from 27 March 2024.

WTT Feeder Beirut II 2024:

  • Indian paddler Sreeja Akula clinched the women’s singles title at the WTT Feeder Beirut II 2024 in Beirut, Lebanon.

ISRO’s START 2024 Program:

  • The Indian Space Research Organisation (ISRO) will conduct the Space Science and Technology Awareness Training (START) 2024 program during April and May.
  • ISRO is inviting Expression of Interest (EOI) from educational institutes, universities, and colleges within India offering UG and PG courses in physical sciences and technology to host START-2024.

Bassirou Diomaye Faye Wins Senegal’s Presidential Election:

  • Bassirou Diomaye Faye, an anti-establishment figure, has won the Senegalese presidential election with 54.28 per cent of the votes in the first round.