Roadmap for Banking of the Future

Daily Current Affairs – 25 March 2022

This post contains the current affairs for 25 March 2022. These current affairs are important for banking exams, insurance exams and other competitive exams like IBPS PO and Clerk, SBI PO and Clerk, RBI Assistant and Grade B, etc. You can also attempt our Current Affairs Quiz after reading our daily current affairs.

National

PM Modi inaugurates Biplobi Bharat Gallery at Victoria Memorial Hall in Kolkata

Prime Minister Shri Narendra Modi inaugurated Biplobi Bharat Gallery at Victoria Memorial Hall in Kolkata on March 23, 2022, via video conferencing, on the occasion of Martyrs’ Day of freedom fighters Bhagat Singh, Sukhdev and Rajguru.
The main objective of this new gallery is to highlight the important role played by the Revolutionaries and provide a holistic view of the events which led to India’s independence in 1947.
Biplobi Bharat Gallery will showcase the birth of the revolutionary movement, formation of significant associations by revolutionary leaders, spread of the movement, formation of Indian National Army, contribution of Naval Mutiny, among others.

International

Malaysia to host 4 nations for Bersama Shield 2022 military exercise

Malaysia will host armed forces from 4 nations namely, Australia, New Zealand, Singapore and the United Kingdom in the annual Bersama Shield 2022 training exercise. Bersama means together in Malay.
The exercise will involve sea and air drills, mostly in international waters but also in part of Malaysia’s exclusive economic zone in the South China Sea.
The exercise, referred to as BS22, is conducted within the framework of the Five Power Defense Arrangements (FPDA).

First wildlife bond issued by World Bank to save Africa’s black rhino- Worth- $150 million

The World Bank (International Bank for Reconstruction and Development, (IBRD) has issued the Wildlife Conservation Bond (WCB) to support of South Africa’s efforts to conserve endangered species of Black Rhino.
Wildlife Conservation Bond (WCB) is also known as “Rhino Bond”. It is a five-year $150 million Sustainable Development Bond. It includes a potential performance payment from the Global Environment Facility (GEF).
The bond will contribute to protecting and increasing black rhino populations in two protected areas in South Africa namely the Addo Elephant National Park (AENP) and the Great Fish River Nature Reserve (GFRNR).

Awards

American Mathematician Dennis P. Sullivan wins 2022 Abel Prize

The Abel prize for the year 2022 has been awarded to American Mathematician Dennis Parnell Sullivan.
Mr Dennis has been awarded “For his groundbreaking contributions to topology in its broadest sense, and in particular its algebraic, geometric and dynamical aspects.”
Abel Prize is awarded by ‘The Norwegian Academy of Science and Letters’ for ‘Outstanding scientific work in the field of mathematics.

Chile’s Mario Marcel wins the Governor of the year award 2022

Mario Marcel, the Governor of the Central Bank of Chile, has won the Governor of the year award at the Central Banking Awards 2022.
Banco Central de Chile is the name of the central bank of Chile.

Banking

Govt sets Rs 1-trillion infrastructure lending target for DFI for 2022-23

Central Government has set a target of about Rs 1 trillion for the National Bank for Financial Infrastructure and Development (NaBFID) for sanctioning loans to the infrastructure sector in the next financial year i.e 2022-23.
NaBFID is a government-backed Development Finance Institution (DFI) and will start operations in the first quarter of 2022-23.
KV Kamath is the chairman of NaBFID.

Appointment

Pralay Mondal appointed as interim MD and CEO of CSB Bank

The Reserve Bank of India has approved the appointment of Pralay Mondal as the interim Managing Director and CEO of CSB Bank. Presently he is the Managing Director at CSB Bank.
The post of MD and CEO at CSB Bank was lying vacant after its full-time MD and CEO, C V R Rajendran announces early retirement on health grounds (w.e.f March 31, 2022)
RBI has approved the appointment of Pralay for three months from April 1, or till the appointment of a regular Managing Director and CEO of CSB Bank, whichever is earlier.

Hisashi Takeuchi appointed as MD and CEO of Maruti Suzuki

Hisashi Takeuchi (from Japan) has been appointed as the Managing Director and Chief Executive Officer of Maruti Suzuki for a period of three years with effect from April 1, 2022.
Takeuchi will succeed Kenichi Ayukawa as the MD and CEO. Ayukawa will now be designated as Executive Vice-Chairman for a period of six months with effect from 1st April, 2022 till 30th September 2022.

Days

International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2022: 25 March

International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade is marked on 25 March every year to raise awareness about the dangers of racism and prejudice
2022 Theme: “Stories of Courage: Resistance to Slavery and Unity against Racism”
The day was designated for international observance by United Nations in 2007.
It was first observed in 2008 to remember those who suffered and died at the hands of the brutal slavery system.

International Day of Solidarity with Detained and Missing Staff Members 2022: 25 March

The United Nations observes the International Day of Solidarity with Detained and Missing Staff Members on 25 March every year.
The UN observes the day to mobilize action, demand justice and strengthen its resolve to protect UN staff and peacekeepers, as well as the colleagues in the non-governmental community and the press.
The day commemorates the anniversary of the abduction of Alec Collett in 1985 by armed gunman.
He was a former journalist who was working for the United Nations Relief and Works Agency for Palestine Refugees (UNRWA).
His body was found in the Bekaa Valley, Lebanon in 2009.

Obituary

Stephen Wilhite, creator of the GIF, passes away at 74

Stephen Wilhite, the creator of the Graphics Interchange Format (GIF) format passed away at the age of 74 years due to Covid-19 related issues.
Wilhite devised the Graphics Interchange Format, or GIF, in 1987 while working at Compuserve.
The Oxford American Dictionary named GIF the word of the year in 2012. He was honoured with a Webby Lifetime Achievement award in 2013.

Former Chief Justice of India R C Lahoti passes away at 81

Former Chief Justice of India Ramesh Chandra Lahoti passed away at the age of 81 years.
Justice Lahoti was appointed as the 35th chief justice of India on June 1, 2004. He retired on November 1, 2005.