Page-3 of Economy & Banking Current Affairs

State Bank of India is seeking a $1.25 Billion Loan: India’s Largest Bank Loan of 2024

November 18, 2024

State Bank of India (SBI) plans to borrow up to $1.25 billion, making it the biggest dollar loan from India’s financial sector in 2024. The loan is being arranged by CTBC Bank, HSBC Holdings Plc, and Taipei Fubon Bank. It ..

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CII Mangalore Integrate 2024 Conclave

November 18, 2024

The Confederation of Indian Industry (CII) Mangaluru Chapter hosted CII Mangalore Integrate 2024, which featured an exhibition, a buyer-seller meet, and a conference. The theme was ‘Connecting New Business’ which gathered industry leaders, innovators, policymakers, and business professionals. Significance of ..

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Belgium’s Economic Challenges and Forecasts

November 16, 2024

Belgium faces important economic challenges as it approaches 2025. The European Commission has raised concerns about the country’s rising budget deficit and inflation. Without policy changes, the deficit could reach 4.9% of GDP by 2025. Increased spending on pensions and ..

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UK Plans Major Pension Fund Reforms

November 16, 2024

The UK government aims to create substantial “megafunds” through an important overhaul of the pension system. Finance Minister Rachel Reeves announced plans to attract up to £80 billion ($102 billion) in new investments. This initiative addresses the chronic under-investment of ..

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Arvinder Singh Sahney Becomes Indian Oil Chairman

November 15, 2024

Arvinder Singh Sahney has been appointed as the Chairman of Indian Oil Corporation as of November 13, 2024. His appointment follows the tenure of S. M. Vaidya. Previously, V. Satish Kumar held the position in an interim capacity. Sahney brings ..

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SBI, HDFC Bank, ICICI Bank: RBI’s 2024 List of Domestic Systemically Important Banks (D-SIBs)

November 15, 2024

Recently, the Reserve Bank of India (RBI) has reaffirmed the status of State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This classification remains unchanged from the previous year. The RBI continues to ..

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43rd India International Trade Fair (IITF) 2024 Inaugurated

November 15, 2024

The 43rd India International Trade Fair (IITF) commenced on November 14, 2024, at Bharat Mandapam in New Delhi. Union Commerce & Industry Minister Piyush Goyal inaugurated the event. The fair will continue until November 27, 2024. It aims to promote ..

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Euro Hits One-Year Low Amid Economic Concerns

November 14, 2024

The euro has recently fallen to its lowest point in a year. This decline raises concerns about its potential to reach parity with the US dollar. Market analysts are closely monitoring the situation. Factors such as Donald Trump’s election victory ..

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