Daily GK 30 Oct. 2020

 Daily GK 30 Oct. 2020

1. UK-INDIA ECONOMIC AND FINANCIAL DIALOGUE

•      10th Round of Ministerial the United Kingdom (UK)-India Economic and Financial Dialogue (EFD) was held virtually where India was represented by Union Minister Nirmala Sitharaman, Ministry of Corporate Affairs (MCA) and Ministry of Finance and UK delegation was led by Chancellor of Exchequer, Rishi Sunak.

 

2. LOAN AGREEMENT WITH JBIC

•      NTPC (formerly known as National Thermal Power Corporation Limited) Limited signed foreign currency loan agreement with Japanese Government’s financial institution, Japan Bank for International Co-operation (JBIC) for JPY (Japanese Yen) 50 billion (approx. USD 482 million or Rs. 3,582 crore) under its Global Action for Reconciling Economic growth and Environment preservation (GREEN) initiative.

•      It should be noted that this is the first funding for NTPC Ltd under JBIC’s GREEN .

•      Apart from NTPC, State Bank of India (SBI) also signed a loan agreement of $1 billion with JBIC under which the latter will provide funds for the manufacturers, suppliers and dealers of Japanese automakers in India.

 

3. GO LIVE ON RBI’S ACCOUNT AGGREGATOR FRAMEWORK

•      IndusInd Bank announced that it has gone live as a Financial Information Provider (FIP) under the new Account Aggregator (AA) Framework of the Reserve Bank of India (RBI).

•      IndusInd Bank becomes the 1st bank in India to do so.

 

4. ASIA’S SAFEST BANK FOR 12TH CONSECUTIVE YEAR

•      Global Finance, New York based trade publication released the list of World’s 50 Safest Banks 2020 which named DBS Bank, Singapore as the Safest Bank in Asia for the 12th consecutive year.

•      DBS secured the 4th rank as the safest commercial bank in the world and 14th safest bank globally from 2019 and 2018.

•      Global Finance has named State Bank of India(SBI) as the Safest Bank in India.

TOP 3 WORLD’S SAFEST BANK & ASIA’S SAFEST BANK 2020:

Rank                    Top 3  World’s Safest Banks 2020                                            Top 3 Safest Banks in Asia 2020

1                            KfW (Germany)                                                                             DBS Group (Singapore)

2                            Zuercher Kantonalbank (Switzerland)                                         Oversea-Chinese Banking Corporation(Singapore)

3                            BNG Bank (Netherlands)                                                              United Overseas Bank(Singapore)

14                          DBS Bank (Singapore)