Beruflich Dokumente
Kultur Dokumente
1 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
Christine Lagarde is the Managing Director of the Q2. Who will replace Mario Draghi
International Monetary Fund. She has announced to as the president of European
temporarily relinquish (give up) her responsibilities as Central Bank?- Christine Lagarde.
head of IMF. Economist David Lipton has been appointed Q3. Who is the interim MD of IMF?
as the interim MD (Acting Managing Director) of IMF in
place of Lagarde.
The European Central Bank is the central bank for the
Eurozone, which comprises 19 member states of the
European Union.
4. Karnataka Bank launches web tool (Vasool So-Ft) for NPA recovery process
Karnataka Bank Ltd has launched the web tool named Q1. Which bank has launched the
‘Vasool So-Ft’ (Vasool So-Fast) – to digitalise the NPA tool Vasool So-Ft?
(non-performing asset) recovery process of the bank. Q2. Purpose of Vasool So-Ft?
The web tool Vasool So-Ft was launched by MD & CEO of Q3. MS CEO of Karnataka Bank?
Karnataka Bank Mahabaleshwara MS.
The tool will enable easy and faster processing, real time
information and immediate decision making in the
recovery area.
5. Punjab & Sind Bank setups Cen-MARG for MSME for credit facilities
Punjab & Sind Bank has set up the Centralised MSME & Q1. Which bank has launched Cen-
Retail Group (Cen-MARG) for credit facilities at its head MARG?
office in New Delhi. The unit is named as Cen-MARG. Q2. MD CEO of Punjab & Sind Bank
Now, all MSME and retail credit approvals will be
performed at this centralized setup. Cen-MARG was
inaugurated by S. Harisankar, MD & CEO of Punjab &
Sind Bank.
6. RBI Constitutes Working Group on Core Investment Companies; Head- Tapan Ray
The Reserve Bank of India has constituted a Working Q1. Chairperson?
Group to Review Regulatory and Supervisory Framework Q2. Number of members?
for Core Investment Companies.
The working group has six members and is headed by
Shri Tapan Ray. He is a Non-Executive Chairman of
Central Bank of India and former Secretary, Ministry of
Corporate Affairs, Govt. of India.
The committee will suggest measures to strengthen
corporate governance and disclosure requirements for
CICs, assess the adequacy of supervisory returns
submitted by CICs and suggest changes therein and
various other things for the betterment of CIC.
2 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
9. Government Reappoints N.S. Vishwanathan as RBI Deputy Governor for One Year
N.S Vishwanathan has been reappointed as deputy governor of the Reserve Bank of India
(RBI) with effect from 4 July 2019. His tenure was to end on 3 July 2019.
Vishwanathan is in charge of regulation of banks, non-banking finance companies and
cooperative banks.
He is one of the three deputy governors of Central bank, besides B P Kanungo and M K Jain.
10. Yes Bank Acquires 9.47% Stake in Eveready by Invoking Pledged Shares
Private sector lender Yes Bank has acquired over 9.47 Q1. Which bank has acquired the
percent shares of battery maker Eveready Industries by shares in Eveready Industries by
invoking pledged shares. invoking pledged shares?
The 68,80,149 shares has been acquired by the Yes Bank Q2. Percent of shares acquired
to resolve the issue of loan default by a group company,
Mcleod Russel India Ltd (the borrower).
The B M Khaitan group is the owner of Eveready and
Mcleod Russel.
3 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
13. Persons with foreign trips, steep electricity bills to file Income Tax return
The Government has announced to made amendment in the Income Tax Act to make income tax
return filing mandatory for high spenders even if their taxable income is below the threshold
exemption limit of Rs 5 lakh.
A person will be required to file income tax return with the following condition:
o Deposited an amount or aggregate of the amounts exceeding Rs one crore in one or more
current account
o incurred expenditure of an amount or aggregate of the amounts exceeding Rs two lakh
for himself or any other person for travel to a foreign country
o incurred expenditure of an amount or aggregate of the amounts exceeding Rs one lakh
towards consumption of electricity
4 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
19. Govt to launch 6th tranche of CPSE ETF on July 18; to raise Rs 10,000 crore
The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE
Exchange Traded Fund (ETF) which would be launched on July 18, 2019.
The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises
(CPSEs) — ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp,
Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.
5 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
The follow-on fund offer (FFO) 5 will have a base issue size of Rs 8,000 crore with an option to
retain oversubscription of another Rs 2,000 crore.
Through the earlier five tranches of the CPSE ETF, the government has already raised Rs
38,500 crore-Rs 3,000 crore from the first tranche in March 2014, Rs 6,000 crore in January
2017, Rs 2,500 crore from the third in March 2017, Rs 17,000 crore in November 2018 and Rs
10,000 crore in March 2019.
21. Flipkart to launch co-branded credit card in partnership with Axis Bank,
Mastercard
e-commerce company Flipkart has partnered with Axis Q1. Flipkart has partnered with
Bank and Mastercard for a co-branded credit card. which bank for its credit card?
The credit card will offer a 5% discount on Flipkart
purchases and other benefits. The Flipkart-Axis Bank
Credit Card will be offered to select users in July and it
will expand to all over the coming weeks.
Some other e-commerce giants who offer credit cards
are: Snapdeal (with HDFC Bank) and Amazon (with ICICI
Bank)
23. World Bank gives USD 250 million loan for “First Resilient Kerala Program”
The Government of India, the Government of Kerala and Q1. Amount of loan.
the World Bank have signed a Loan Agreement of USD Q2. World Bank’s first State
250 million for the First Resilient Kerala Program. Partnership in India with?
The aim is to enhance Kerala’s resilience against the
impacts of 2018 flood.
6 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
25. HDFC Bank launches Credit card for CSC’s Village Level Entrepreneurs (VLEs)
HDFC Bank and Common Service Centre (CSC) SPV of Q1. CSC has launched the credit
Government of India, have launched a co-branded credit card ‘Small Business MoneyBack
card ‘Small Business MoneyBack Credit Card’. It is aimed Credit Card’ in association with
at small traders and village level entrepreneurs (VLEs). which bank?
The credit card is designed for CSC’s VLEs, and VLE-
sourced customers. It will give its users easy access to
credit for day-to-day business expenses.
The card was launched by Aditya Puri (MD at HDFC Bank)
and CSC Chief Dinesh Kumar Tyagi.
7 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
28. ADB cuts India’s GDP growth for FY20 from 7.2% to 7.0%
The Asian Development Bank (ADB) has reduced the GDP Q1. GDP Growth rate for India as
Growth rate for India in 2019-20 (FY20) from 7.2% to 7.0%. per ADB in FY20 – 7.0%
For 2020-21 India is expected to grow at 7.2% as per ADB. Q2. GDP Growth rate for India as
Earlier this was 7.3%. per ADB in FY21- 7.2%
With this, India will remain to be the fastest-growing major
economy in the world.
30. Rhino Bonds to be the world’s first financial instrument for species conservation
Zoological Society of London and Conservation Capital Q1. Worth of bond?
will launch in 2020, a five-year Rhino Bond worth US$50 Q2. Time period of the bond?
million. It would be the world’s first financial instrument Q3. world’s first financial
for species conservation. instrument for species
The five-year bond will cover conservation efforts at five conservation for which animal?
sites in South Africa and Kenya. Investors will be paid
back their capital and a yield if the number of animals
increases.
31. World Bank drops USD 715 mn Amaravati Sustainable Capital City from its project
list
The World Bank has “dropped” out of the Amaravati Q1. Cost of the project?- USD 715
Sustainable Infrastructure and Institutional million
Development Project from its project list. It means that Q2. World Bank has dropped which
now, World Bank will not fund this project of the Andhra project? or of which state?
Pradesh Government. Q3. Which bank has pulled out of
The total project cost was USD 715 million. Out of this the Amaravati Sustainable
the World Bank planning to provide loan of USD 300 Infrastructure and Institutional
8 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
million while AIIB had committed USD 200 million. Development Project
An Offical of the World Bank informed that the
Government of India has withdrawn its request to the
World Bank for financing the project. Hence the decision
was taken.
32. Standard Chartered to be first foreign bank to launch operation at GIFT IFSC
Standard Chartered has received in-principle regulatory Q1. First foreign bank to launch
approvals to set up its IFSC Banking Unit in Gujarat operation at GIFT IFSC?
International Finance Tec-City (GIFT City).
With its operation here, it will become the first foreign
bank to launch operations at International Financial
Services Centre (IFSC).
UK based Standard Chartered bank is expected to start
the operation in GIFT city by the end of 2019.
33. Centre Approves Rs 206.8 crore for FY20 Towards Implementation of Agriculture
Export Policy Scheme
The Central Government has approved an outlay of Rs 206.8 crore for a central sector scheme
titled ‘Implementation of Agriculture Export Policy’ for the financial year 2019-20.
The ‘Agriculture Export Policy, 2018’ is aimed at doubling farmers’ income by 2022.
The government seeks to double farm exports to $60 billion by 2022 from $30 billion in 2018.
The Policy will invest Rs 1,400 crore to set up specialised clusters in different states for
different produce to push exports.
34. IMF predicts GDP growth for India at 7% and 7.2% for 2019 and 2020
The International Monetary Fund (IMF) has projected Q1. GDP Growth rate of India as
the GDP Growth rate for India at 7.0% in 2019 and 7.2% per IMF for 2019 and 2020?
in 2020. There is a reduction of 0.3% as per earlier Q2. Global GDP Growth rate as per
prediction by IMF. IMF in 2019 and 2020?
This was announced in the World Economic Outlook, July Q3. Who publishes the World
2019 released by IMF. The global GDP growth rate is Economic Outlook Report?
predicted at 3.2% in 2019 and at 3.5% in 2020.
9 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
37. Yes Bank launches “Smart Edge for MSMEs” programme for MSME loans
Yes Bank has launched a program named “Smart Edge Q1. “Smart Edge for MSMEs”
for MSMEs” under which it will offer secured working programme has been launched by
capital loan between Rs 1 crore to Rs 3 crore to MSME. which bank?
The loan will be in the form of overdraft, letter of credit, Q2. Maximum loan under “Smart
and financial bank guarantees. This is a first-of-its-kind Edge for MSMEs” programme?
surrogate lending model for MSME.
For this programme, MSMEs would have to furnish their
GST returns and operative bank account statements for
the last 12 months along with the KYC document for
assessment. Collateral acceptable to the bank will be
taken as security for the loan.
39. Sebi fixes minimum staggered delivery period for commodity futures at 5 days
SEBI has fixed the minimum duration of the staggered Q1. Minimum staggered delivery
delivery period at five working days for all commodity period for commodity futures?
futures. This has been done to bring uniformity in the Q2. What is Staggered delivery
timeline across exchanges. period?
Staggered delivery period is the duration during which
sellers or buyers having open position may submit an
intention to give or take the delivery of the contract.
10 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
responsibility is to facilitate the transfer of user’s Q3. Who is the head of Sahamati?-
financial data with their explicit consent. BG Mahesh
The Account Aggregator framework, in theory, should
allow for the seamless sharing of data between financial
bodies of all kinds centered around user consent (i.e
‘Sahamati’).
Sahamati has been formed as a Section 8 non-profit.
Sahamati will be headed by former journalist BG
Mahesh. Sahamati will apply for the SRO (self-regulatory
organisation) licence with the RBI, which will give it a
self-governing body status.
41. IBBI Sets 1 Year Deadline for Completion of Liquidation Process, 90 Days for
Compromise by Stakeholders
The Insolvency and Bankruptcy Board of India (IBBI) has Q1. As per IBBI the process of
announced that it has made the liquidation process a liquidation must be finished within
time-bound affair. Now the process of liquidation must how much time of its
be finished within one year of its commencement. commencement?
The new regulations also say that a compromise Q2. Compromise between the
between the stakeholders must happen within 90 days stakeholders must happen within
of the liquidation order. how many days of liquidation?
For these changes, the Insolvency and Bankruptcy Board
of India (Insolvency Resolution Process for Corporate
Persons) (Amendment) Regulations, 2019 and the
Insolvency and Bankruptcy Board of India (Liquidation
Process) (Amendment) Regulations, 2019 have been
notified.
43. Reserve Bank relaxes end-use stipulations under ECB for Corporates and NBFCs
The Reserve bank of India has relaxed the end-use Q1. minimum average maturity
restrictions relating to external commercial borrowings for period in ECB for working capital
Working Capital requirements, General Corporate purposes purposes?- 10 years
and Repayment of rupee loans. Now the eligible borrowers Q2. minimum average maturity
11 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
will be allowed to raise following ECBs from recognised period in ECB for repayment of
lenders, except foreign branches/ overseas subsidiaries of Rupee loans for capital
Indian banks: expenditure?- 7 years
o ECBs with a minimum average maturity period of 10 Q3. minimum average maturity
years for working capital purposes and general period in ECB for repayment of
corporate purposes. Rupee loans for purposes other
o ECBs with a minimum average maturity period of 7 than capital expenditure?- 10 years
years for repayment of Rupee loans availed
domestically for capital expenditure. For repayment
of Rupee loans availed domestically for purposes
other than capital expenditure and for on-lending by
NBFCs for the same, the minimum average maturity
period of the ECB would have to be 10 years.
o It has further been decided to permit eligible
corporate borrowers to avail ECB for repayment of
Rupee loans availed domestically for capital
expenditure in manufacturing and infrastructure
sector and classified as SMA-2 or NPA, under any
one-time settlement arrangement with lenders.
12 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
13 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App
Banking and Economy Awareness PDF– July 2019
Banking Awareness
Banking Awareness Quiz
Daily Current Affairs
Current Affairs Quiz
Static GK
Static GK Quiz
Government Schemes
Quiz on Government Schemes
Insurance Awareness
Insurance Awareness Quiz
14 www.byscoop.com | One stop solution for Current Affairs, Banking Awareness and Static GK
Like our Facebook Page Join our Telegram Channel Download Our Android App