Railway Recruitment Examination 2018: Current Affairs

Dear Aspirants,

Current Affairs forms an interesting section in the Railway Recruitment examination. You will be able to score high if you are good in current affairs. So, we have jotted down below some of the most important points to remember in the Current Affairs section:

India, China and Phillipines are the highest remittance receiving countries in the world.

Paytm introduced Automatic Recurring Payments.

ADNOC supplies first cargo vessel to India.

Bharti Airtel acquires Telenor India

Piyush Vedprakash Goyal (born 13 June 1964) is an Indian politician. He is currently serving as the Minister of Railways and Coal in the Government of India. He has been given additional responsibility of Finance Ministry.

Kotak Mahindra Bank launched ‘Keya’ an AI-powered
voice bot integrated with Kotak’s phone banking
helpline aimed at augmenting the traditional
interactive voice response (IVR) system in both
English and Hindi. It is developed by the bank in
partnership with Nuance, USA.

partnership with Nuance, USA.
RBI said Jio Payments Bank commences its banking
services. Telecom major Bharti Airtel was the first to
begin payment bank services.
IndusInd Bank received RBI’s approval to buy the
securities services arm of IL&FS (Infrastructure
Leasing and Financial Services), promoter shareholder
of IL&FS Securities Services Ltd (ISSL).
Qatar-based Doha Bank has set up the first branch in
Chennai, taking the total number of branches in the
country to three. The bank’s CEO is R Seetharaman.
ICICI Bank launched a cross-border remittance facility
‘Social Pay’ that can be used by NRIs for sending
money to their friends and family in India through
social media like WhatsApp and e-mail.
Financial Intelligence Unit (FIU) slapped Rs. 9 crores
penalty on Bank of Baroda for “failing” to adhere to
anti-money laundering norms, and not having an
effective system to report suspicious transactions
linked to the Rs 6,000 crore scam in its Delhi-based
branch.
RBI has temporarily relaxed provisioning norms for
lenders to defaulters undergoing bankruptcy
resolution in a move that could help banks bolster
their financial results for the year and quarter ended
March. Provisions for accounts referred to the
National Company Law Tribunal (NCLT) have been
reduced to 40% of dues at the end of March for
secured loans, down from 50%. There’s no change on
provisions for unsecured loans, which stand at 100%
as soon as a case is referred to bankruptcy court.
RBI barred banks and financial institutions from
dealing with virtual currencies including Bitcoins and
said that it was time & again warning users of virtual
currencies regarding the risks associated with it.
Federal Bank Ltd entered into a partnership with
Fortune Wealth Management Company Ltd, one of the
leading stock broking companies of South India for
providing Portfolio Investment Scheme (PIS) services
to NRIs. This will enable non-resident Indian clients to
invest in Indian equity markets on repatriable and
non-repatriable basis.