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6th February 2019 Current Affairs
Yes Bank Senior Group President Pralay Mondal Resigns

 

♦ Yes Bank Senior Group President and head of retail and business banking, Pralay Mondal resigned from his post.

♦ He will serve his notice till 31st March 2019.

♦ Pralay Mondal joined Yes Bank in 2012.

 

RBI imposed penalty on Syndicate Bank, UCO Bank, and Axis Bank

 

♦ The Reserve Bank of India has imposed a penalty of a total Rs 5.2 crore on Axis Bank, UCO Bank, and Syndicate Bank for violating the guidelines in regulatory compliance. The segregation of the Penalised amount are as follows:

♦ The segregation of the Penalised amount are as follows: Axis Bank has been imposed with a Penalty of 2.2 crores and 2 crores on UCO Bank and 1 crore on Syndicate Bank for violation of norms.

♦ The RBI has also imposed a penalty of 2 crores each on Axis Bank and UCO Bank for non-compliance of norms related to payment through cheques.

♦ Further Axis Bank has also imposed a penalty of 20 lakhs for the detection and impounding of counterfeit notes.

♦ Syndicate Bank is imposed with a penalty of Rs.1 crore for contradicting the norms in checking norms and Risk Management.

 

ADB acquires 14% stake in Annapurna Finance

 

♦ The Asian Development Bank (ADB) has bought a 14% stake in micro-financier Annapurna Finance for Rs 137 crore.

♦ The investment by ADB will expand Annapurna's net worth to Rs 580 crore.

♦ ADB brought this stake with a motive of attracting long-term funds from global lenders and investors.

♦ Annapurna Finance Pvt. Ltd is a non-banking financial company-microfinance institution (NBFC-MFI) regulated by RBI.

 

P V Bharathi appointed as the CEO of Corporation Bank

 

♦ P V Bharathi appointed as the Chief Executive Officer (CEO) of the Corporation Bank.

♦ P V Bharathi became the first women CEO of the Bank.

♦ Bharathi is former executive director of Canara Bank. she has been executive director of Canara Bank since September and served as the firm's general manager in the risk management wing.

 

Two RRBs to be merged to form TN Grama Bank

 

♦ Two regional rural banks (RRB), Pallavan Grama Bank and Pandyan Grama Bank will be amalgamated into a single RRB i.e. Tamil Nadu Grama Bank in Tamil Nadu

♦ Pallavan Grama Bank is sponsored by Indian Bank and Pandyan Grama Bank is sponsored by Indian Overseas Bank, both state-run lenders headquartered in Chennai.

 

Mizoram government bans the import of pigs and piglets

 

♦ The Mizoram Government issued an order to ban the import of pigs and piglets because there is a possibility of an outbreak of Porcine Reproductive and Respiratory Syndrome (PRRS).

♦ PRRS disease is also called as Swine Flu, the virus of this disease generally transmitted from pigs and affects both pigs and humankind.

♦ Basically, the pigs imported from Myanmar are in suspect point, pigs imported from other countries too have been banned as a move to prevent the outbreak of the PRRS in the state.

 

Odisha launched KALIA Scholarship Scheme

 

♦ Odisha Chief Minister Naveen Patnaik has launched a scholarship scheme named "KALIA Chhatravritti Yojana" for farmer's children who are the beneficiaries of Krushak Assistance for Livelihood and Income Augmentation (KALIA) scheme.

♦ The scholarship 'KALIA Chhatra Bruti' will be awarded to farmer's children who are planning to pursue higher education.

 

Kerala became 1st state to set up a Price Monitoring and Research Unit

 

♦ .Kerala has become the 1st state to set up a Price Monitoring and Research Unit (PMRU) to 

♦ This unit will track violation of prices of essential drugs and medical devices under the Drugs Prices Control Order (DPCO).

♦ The move comes more than five years after the National Pharmaceutical Pricing Authority (NPPA) proposed such a system for the state and the union territories.

 

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