Daily Current Affairs November 25 2023 | Latest News

 

CURRENT AFFAIRS: BANKING AND FINANCE

FDI shrinks 7.8% in second quarter of FY24

• FDI equity inflows contracted 7.7% to $9.5 billion in the July-September quarter of FY24.
• Data released by the Department for Promotion of Industry and Internal Trade (DPIIT) showed this contraction in FDI inflow.
• Foreign direct investment (FDI) equity inflows stood at $10.3 billion a year ago.
• Total FDI into India declined 7.8% on-year to $15.3 billion in the July-September quarter of FY24 from $16.6 billion a year ago.
• The total FDI includes equity inflows, reinvested earnings and other capita.

Key Highlights

• According to the data, the equity inflows declined 24% on-year in H1 of FY24 at $20.4 billion.
• Singapore was the top source of equity inflows.
• It was followed by Mauritius,US, UK,UAE.
• The inflows declined12.8% from the quarter ended June 30, 2023.
• Foreign investments declined in April, May, June, July and August but increased in September.
• Tax havens like the Cayman Islands and Cyprus were among the top 10 sources of overseas investments for India.
• Services sector received the highest inflows of $3.8 billion in the first half.
• It was followed by construction (infrastructure) activities, and the computer software and hardware sectors at $2.4 billion each.
• Among the states, Maharashtra got the highest inflow of $7.9 billion in April-September 2023-24. Karnataka followed Maharashtra.

Daily Current Affairs November 15

 

CURRENT AFFAIRS : BANKING & FINANCE

Punjab National Bank Launches Digital Gold Loan for Convenient Credit Access                                   

• Public sector bank Punjab National Bank (PNB) launched the PNB Digital Gold Loan scheme.
• The digital lending solution was introduced during the bank’s Digital Mahotsav event.

Aim of the Scheme :

• To provide hassle-free credit to customers to quickly meet their personal as well as agriculture credit requirements by using gold jewellery and/or ornaments as collaterals.

Key Highlights :

• Two schemes have been introduced :

1. PNB Gold Loan: Targeting the retail segment.
2. PNB Swarnim: Catering to the agriculture segment.

• Loan Amount and Collaterals : The PNB Digital Gold Loan scheme allows individuals to borrow amounts ranging from Rs 25,000 to Rs 25 lakh for personal needs.
• Additionally, the loan is available for supporting agriculture or allied activities.
• Eligibility for Agriculture Loans : Borrowers seeking short-term production and/or investment credit for agriculture activities are eligible.
• Activities include crop production, land-based activity other than crop cultivation, irrigation, and allied agriculture activities.
• Loan Range for Agriculture Activities : Eligible borrowers can avail loans ranging from a minimum of Rs 10,000 to a maximum of Rs 2 lakh for agricultural purposes.

About PNB :

• Founded : 19 May 1894
• Headquarters : Dwarka, Delhi, India
• MD & CEO : Atul Kumar Goel
• Tagline : You Can Bank Upon

PayGlocal Receives Regulatory Approval from RBI for Payment Aggregator License                                           

• The Reserve Bank of India (RBI) has given approval to PayGlocal for a payment aggregator license.
• It has received in-principle approval from RBI for Payment Aggregator (PA) license
• After completion of the process, PayGlocal will be able to onboard merchants onto its platform for online payment processing.
• PayGlocal has garnered support from prominent investors, including PeakXV (formerly known as Sequoia Capital India) and Tiger Global, through successful capital raising.

Daily Current Affairs November 12 to 14 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

NHAI Accepts First Insurance Surety Bond as Bid Security for NHAI TOT Bid for Monetization                              

• To boost liquidity and capacity of bidders, National Highways Authority of India(NHAI) has accepted Insurance Surety Bond for the monetization program of the upcoming bid of Toll Operate Transfer (TOT) Bundle 14.
• This will be the first time this innovative instrument is being utilised as a Bank Guarantee (BG) in the road infrastructure sector for monetization of bids.

Key Highlights :

• Collaboration and Partnerships : NHAI collaborated with the Highway Operators Association of India (HOAI), SBI General Insurance, and AON India Insurance to implement the initiative.
• This collaboration indicates the involvement of key stakeholders in the road infrastructure development sector.
• Cost and Savings : The Insurance Surety Bond for TOT Bundle 14 has been issued at a rate of 0.25% by the insurer without requiring any margin money.
• This approach translates into significant cost savings for concessionaires, contributing to enhanced liquidity in the market.
• Implications for Concessionaires : The utilisation of Insurance Surety Bonds will result in substantial savings for concessionaires participating in the NHAI monetization bid.

Daily Current Affairs November 11 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

Axis Bank Collaborates with Institute of Rural Management Anand (IRMA) to Establish Chair for Financial Inclusion                                 

• Axis Bank, one of the largest private sector banks in India, has signed a Memorandum of Understanding (MoU) with the Institute of Rural Management Anand (IRMA), to establish the Axis Bank Chair for Financial Inclusion at IRMA.
• The Chair is constituted for a period of 5 years, emphasizing a commitment to sustained efforts in the domain of financial inclusion.

Key Highlights :

• Focus Areas of the Chair : Primarily dedicated to research, the Chair aims to deepen industry-academia collaboration, foster thought leadership, and engage in policy advocacy.
• Objective : The establishment of the Chair is geared towards strengthening and accelerating financial inclusion (FI) and financial literacy initiatives in India.
• Research and Policy Support : The Chair’s primary objective is to conduct and coordinate field-based research to support national and state-level policies related to financial inclusion.
• Activities of the Chair : This involves designing financial inclusion strategies, capacity building for the banking sector in financial inclusion, conducting workshops, round tables, symposia, and teaching courses at IRMA.
• Joint Advisory Committee : As part of the collaboration, IRMA and Axis Bank shall set up a Joint Advisory Committee that will oversee the selection process for the Chair, finalize the terms, and periodically review its progress.

About Axis Bank :

• Established : 1993
• Headquarters: Mumbai, Maharashtra, India
• MD & CEO: Amitabh Chaudhry
• Tagline : Badhti Ka Naam Zindagi (“Progress is the Name of Life”)

About Institute of Rural Management Anand (IRMA) :

• IRMA is an autonomous institution and a premier business school situated in Anand, Gujarat, India.
• Mandate: Contributing to the professional management of rural organizations.

Daily Current Affairs November 10 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

SBI Expands Dollar Bond Issue to $1 Billion in Response to Declining US Yields

• The State Bank of India (SBI) has increased its dollar bond issue size to $1 billion from $750 million, with plans to secure the funds in the first week of December.
• SBI is making its second foray into international markets this financial year, with $750 million underwritten by global banks and an additional $250 million available through a green shoe option arranged by banks such as HSBC and JP Morgan.
• The bonds issued by SBI will be benchmarked against 5-year US Treasury bonds, likely priced at a spread of approximately 120 basis points above the benchmark, with a tenor of 5 years.
• Taking advantage of the recent decline in US bond yields, SBI’s move coincides with expectations of the Federal Reserve signalling an end to its monetary tightening cycle.

Key Highlights :

• The 5-year US Treasury rate is currently at 4.55%, providing context for SBI’s pricing strategy.
• These funds are being raised under SBI’s $10-billion medium-term note programme.
• The proceeds will be used for various purposes, including lending, and refinancing existing overseas debt.
• SBI currently has $800 million worth of instruments maturing in early 2024.
• Also, Canara Bank raised $500 million from the overseas market, with HSBC as the lead arranger and bookrunner.
• This loan comprised two facilities, a $200 million tranche with a tenor of three years and a $300 million tranche with a tenor of three years.
• The borrowing was offered at a rate of 125 basis points over the secured overnight financing rate (SOFR).

Daily Current Affairs November 09 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

RBI Releases Comprehensive Guidelines for IT Governance in Banks and NBFCs

• The Reserve Bank of India (RBI) has issued comprehensive guidelines on information technology (IT) governance and controls for banks and non-banking financial companies (NBFCs).

Key Focus Areas of IT governance :

• Strategic alignment: Ensuring that IT strategies align with the business goals.
• Risk management: Managing IT-related risks, including cybersecurity risks.
• Resource management: Efficient allocation and management of IT resources.
• Performance management: Monitoring and improving IT system performance.
• Business continuity/disaster recovery management: Ensuring the resilience of IT systems and infrastructure.
• These guidelines are outlined in the final document titled “Reserve Bank of India (Information Technology Governance, Risk, Controls, and Assurance Practices) Directions, 2023.”

Daily Current Affairs November 08 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

RBI imposes monetary penalty on four co-operative banks, one NBFC

• The Reserve Bank of India (RBI) has imposed monetary penalties on 4 co-operative banks and a non-banking financial company (NBFC) for deficiencies in regulatory compliance.

Monetary Penalties :

• Shree Lodra Nagarik Sahakari Bank Limited, located in Gandhinagar, Gujarat, received a monetary penalty of ₹4.00 lakh.
• Malpur Nagarik Sahakari Bank Limited, located in Aravalli, Gujarat, received a monetary penalty of ₹3.50 lakh.
• Jolarpet Co-operative Urban Bank Limited in Vellore, Tamil Nadu, received a monetary penalty of ₹50,000.
• Limbasi Urban Co-operative Bank Ltd., situated in Kheda, Gujarat, received a monetary penalty of ₹25,000.
• Early Salary Services Private Limited, based in Pune, was penalized with a monetary penalty of ₹3.20 lakh.

Daily Current Affairs November 07 2023 | Latest News

 

CURRENT AFFAIRS : BANKING & FINANCE

RBI imposes monetary penalty on PNB, Federal Bank, and 2 other entities

• The Reserve Bank of India (RBI) has imposed monetary penalties on several financial institutions, including Punjab National Bank, Federal Bank, Mercedes-Benz Financial Services India Private Ltd, and Kosamattam Finance Ltd, for non-compliance with specific regulatory norms.
• These penalties are aimed at enforcing regulatory compliance within the financial sector.

Penalty Amounts & Reasons :

• Punjab National Bank: Rs 72 lakh penalty for non-compliance related to ‘interest rate on advances’ and ‘customer service in banks.’
• Federal Bank: Rs 30 lakh penalty for contravention of certain provisions of Know Your Customer (KYC) norms.
• Mercedes-Benz Financial Services India Private Ltd: Rs 10 lakh penalty for non-compliance with KYC provisions.
• Kosamattam Finance Ltd: Rs 13.38 lakh penalty for non-compliance with provisions of ‘Non-Banking Financial Company – Systemically Important Non-Deposit taking Company and Deposit taking Company (Reserve Bank) Directions, 2016.’
• Basis for Penalties: The penalties have been imposed due to deficiencies in regulatory compliance. It’s important to note that these penalties do not pass judgement on the validity of specific transactions or agreements entered into by these financial entities with their customers.
• Punishment for Non-Compliance: The RBI, as the regulatory authority, uses monetary penalties as a means to encourage financial institutions to adhere to established regulations and guidelines. Non-compliance with these norms can result in financial penalties, as seen in these cases.

IBPS PO Prelims Exam Analysis 2023 For 23rd September: Shift 1, 2, 3, 4 Good Attempts And Difficulty Level

 IBPS PO Prelims Exam Analysis 2023: The Institute of Banking Personnel Selection conducts the IBPS PO prelims examination on the 23rd and 30th of September 2023. Each day the IBPS PO Prelims exam is conducted in 4 shifts such as Shift 1, Shift 2, Shift 3, and Shift 4. Here we have come up with the complete details regarding the IBPS PO Prelims Exam Analysis 2023 for each shift. Candidates who have applied for the IBPS PO exam shall check the IBPS PO Prelims Exam Analysis 2023 for all the shifts to know the exam difficulty level and good attempts in each shift. The selection process for the IBPS PO exam will be done in three stages which include prelims, mains, and an interview. By referring to the IBPS PO Prelims exam analysis 2023, applicants can get to know the number of questions asked from each topic and the difficulty level of the questions asked. We have also provided the section-wise good attempts, and overall and section-wise difficulty level in this IBPS PO Prelims exam analysis 2023. Candidates appearing for the IBPS PO Prelims exam 2023 in the upcoming shifts can check the IBPS PO prelims exam analysis 2023 provided here for all the shifts.

IBPS PO Prelims Exam Analysis 2023

Candidates can check the complete exam analysis of the IBPS PO prelims exam for all the shifts provided here.

IBPS PO Prelims Exam Analysis 2023: 4th Shift – 23rd September 2023 – Good Attempts And Difficulty Level

Here we have added the IBPS PO prelims good attempts and difficulty level of the exam held on 23rd September in shift 4. Candidates can analyze their exam level and details by referring to the details given below.

 

IBPS PO Prelims Exam Analysis 2023: 23rd September – Shift 4
Sections	Total Questions	Good Attempts	Difficulty Level
Reasoning Ability	35	28-32	easy-moderate
Quantitative Aptitude	35	21-24	easy-moderate
English Language	30	20-24	easy
Overall	100	65-70	easy-moderate

IBPS PO Prelims Exam Analysis 2023 – Shift 4 – 23rd September – Quantitative Aptitude

Candidates can check the IBPS PO prelims exam analysis 2023 for the 4th shift for the numerical ability section through the table provided below.

IBPS PO Prelims Exam Analysis 2023 – Shift 4 – 23rd September – Quantitative Aptitude
Topic	No. of Questions
Bar graph DI	5
Table DI	5
caselet DI	5
quadratic	4-5
Approximation	5
Arithmetic Problems	9-10
Total	35

 

IBPS PO Prelims Exam Analysis 2023 – Shift 4 – 23rd September – Reasoning Ability

Candidates can check the IBPS PO prelims exam analysis 2023 for the 4th shift for the reasoning ability section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 Shift 4 – 23rd September – Reasoning Ability
Topic	No. of Questions
Parallel seating	5
designation puzzle	5
Day based	5
sequence puzzle	5
syllogism	4
blood relation	3
coding-decoding	5
Miscellaneous	3
Total	35

 

IBPS PO Prelims Exam Analysis 2023 – Shift 4 – 23rd September – English Language

Candidates can check the IBPS PO prelims exam analysis 2023 for the 4th shift for the English language section through the table provided below.

IBPS PO Prelims Exam Analysis 2023 – Shift 4 – 23rd September – English Language
Topic	No. of Questions
Reading Comprehension	7-8
double Fillers	5
Cloze test	2-3
Word Swap	5
sentence rearrangement	5
Error Spotting	5
Total	30

 

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IBPS PO Prelims Exam Analysis 2023: 3rd Shift – 23rd September 2023 – Good Attempts And Difficulty Level

Here we have added the IBPS PO prelims good attempts and difficulty level of the exam held on 23rd September in shift 3. Candidates can analyze their exam level and details by referring to the details given below.

IBPS PO Prelims Exam Analysis 2023: 23rd September – Shift 3
Sections	Total Questions	Good Attempts	Difficulty Level
Reasoning Ability	35	23-26	easy-moderate
Quantitative Aptitude	35	16-20	Moderate
English Language	30	15-18	easy-moderate
Overall	100	55-60	easy-moderate

IBPS PO Prelims Exam Analysis 2023 – Shift 3 – 23rd September – Quantitative Aptitude

Candidates can check the IBPS PO prelims exam analysis 2023 for the 3rd shift for the numerical ability section through the table provided below.

IBPS PO Prelims Exam Analysis 2023 – Shift 3 – 23rd September – Quantitative Aptitude
Topic	No. of Questions
Line DI	6
Table DI	6
caselet DI	3
quadratic	5
Approximation	5
Arithmetic Problems	10
Total	35

IBPS PO Prelims Exam Analysis 2023 – Shift 3 – 23rd September – Reasoning Ability

Candidates can check the IBPS PO prelims exam analysis 2023 for the 3rd shift for the reasoning ability section through the table provided below.

IBPS PO Prelims Exam Analysis 2023 Shift 3 – 23rd September – Reasoning Ability
Topic	No. of Questions
Age Puzzle	5
Parallel seating	5
Month based	5
Circular Seating	5
Comparison Puzzle	5
coding-decoding	5
Direction	3
Miscellaneous	3-4
Total	35

 

IBPS PO Prelims Exam Analysis 2023 – Shift 3 – 23rd September – English Language

Candidates can check the IBPS PO prelims exam analysis 2023 for the 3rd shift for the English language section through the table provided below.

IBPS PO Prelims Exam Analysis 2023 – Shift 3 – 23rd September – English Language
Topic	No. of Questions
Reading Comprehension	7-8
Fillers	6
Phrase Replacement	3-4
Cloze test	6
Word Swap	4-5
Error Spotting	5
Total	30

 

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IBPS PO Prelims Exam Analysis 2023: 2nd Shift – 23rd September 2023 – Good Attempts And Difficulty Level

Candidates can check the IBPS PO prelims good attempts and difficulty level of the exam held on 23rd September in shift 2. Candidates can analyze their exam level and details by referring to the details given below.

 

IBPS PO Prelims Exam Analysis 2023: 23rd September – Shift 2
Sections	Total Questions	Good Attempts	Difficulty Level
Reasoning Ability	35	30-33	easy
Quantitative Aptitude	35	15-20	moderate
English Language	30	15-20	easy-moderate
Overall	100	55-60	easy-moderate

 

IBPS PO Prelims Exam Analysis 2023 – Shift 2 – 23rd September – Quantitative Aptitude

Candidates can check the IBPS PO prelims exam analysis 2023 for the 2nd shift for the quantitative aptitude section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 – Shift 2 – 23rd September – Quantitative Aptitude
Topic	No. of Questions
Bar DI	5
Table DI	5
Q1,Q2	3-4
Data Sufficiency	3
Approximation	5
Missing Number Series	4
Arithmetic Problems	9
Total	35

 

 

IBPS PO Prelims Exam Analysis 2023 – Shift 2 – 23rd September – Reasoning Ability

Candidates can check the IBPS PO Prelims exam analysis 2023 for the 2nd shift for the reasoning ability section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 Shift 2 – 23rd September – Reasoning Ability
Topic	No. of Questions
Box Puzzle	5
Linear Seating	5
Floor Puzzle	5
Month puzzle	5
Syllogism	3
Inequality	2
Direction	3
ordered and ranking	3
Miscellaneous	4
Total	35

 

 

IBPS PO Prelims Exam Analysis 2023 – Shift 2 – 23rd September – English Language

Candidates can check the IBPS PO Prelims exam analysis 2023 for the 2nd shift for the English language section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 – Shift 2 – 23rd September – English Language
Topic	No. of Questions
Reading Comprehension	8
Para Jumbles	5
Double Fillers	2-3
Phrase Replacement	2-3
Word Swap	3-4
Error Spotting	3-5
Sentence rearrangement	3-4
Total	30

IBPS PO Prelims Exam Analysis 2023: 1st Shift – 23rd September 2023 – Good Attempts And Difficulty Level

Candidates can check the IBPS PO prelims good attempts and difficulty level of the exam held on 23rd September in shift 1. Candidates can analyze their exam level and details by referring to the details given below.

 

IBPS PO Prelims Exam Analysis 2023: 23rd September – Shift 1
Sections	Total Questions	Good Attempts	Difficulty Level
Reasoning Ability	35	27-30	easy-moderate
Quantitative Aptitude	35	17-21	moderate
English Language	30	20-23	easy-moderate
Overall	100	68-72	easy-moderate

IBPS PO Prelims Exam Analysis 2023 – Shift 1 – 23rd September – Quantitative Aptitude

Candidates can check the IBPS PO prelims exam analysis 2023 for the 1st shift for the quantitative aptitude section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 – Shift 1 – 23rd September – Quantitative Aptitude
Topic	No. of Questions
Pie Chart DI	5
Table DI	5
Quadratic Equation	5
Missing Number Series	5
Arithmetic Problems	15
Total	35

IBPS PO Prelims Exam Analysis 2023 – Shift 1 – 23rd September – Reasoning Ability

Candidates can check the IBPS PO Prelims exam analysis 2023 for the 1st shift for the reasoning ability section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 Shift 1 – 23rd September – Reasoning Ability
Topic	No. of Questions
Month Puzzle	5
Uncertain number seating	3
Box Puzzle	5
Square Seating	5
Syllogism	3-4
Inequality	3
Direction	2-3
Coding Decoding	1
Miscellaneous	2-3
Total	35

IBPS PO Prelims Exam Analysis 2023 – Shift 1 – 23rd September – English Language

Candidates can check the IBPS PO Prelims exam analysis 2023 for the 1st shift for the English language section through the table provided below.

 

IBPS PO Prelims Exam Analysis 2023 – Shift 1 – 23rd September – English Language
Topic	No. of Questions
Reading Comprehension (Based On Robot)	8-9
Para Jumbles	5
Double Fillers	3-4
Phrase Replacement	4
Word Swap	4-5
Error Spotting	3-4
Find the Correct Sentence	1
Total	30

 

 

IBPS PO Prelims Exam Analysis 2023 – FAQs

Here we have added some common FAQs related to the IBPS PO Prelims Exam Analysis 2023 for the reference of the candidates.

 

Q. What is the overall difficulty level of the IBPS PO prelims exam 2023 for shift 1?

The overall difficulty level of the IBPS PO prelims 2023 for shift 1 is mentioned in this article.

 

Q. What is the total number of questions for the IBPS PO prelims examination 2023?

The total number of questions for the IBPS PO prelims examination 2023 is 100.

 

Q. How many sections are there in the IBPS PO prelims exam 2023?

There are three sections in the IBPS PO for the preliminary exam. They are Reasoning ability, quantitative aptitude, and English language sections.

 

Q. Is there a negative marking in IBPS PO 2023?

Yes, there is a negative marking in objective-type questions of 1/4 of the marks assigned to that question.