Current Affairs is the most important area in all competitive exams. But the difficulty level is very high. That’s why; many aspirants get confused, how to select Current Affairs for Preparation of Competitive Examination? In this Post, Daily Current Affairs 27 August 2022, we have tried to cover each and every point and also included all important facts from National/ International news that are useful for upcoming competitive examinations such as UPSC, SSC, Railway, State Govt. etc.
Current Affairs for Competitive Exam – 27 August 2022
BOB financial launched contactless credit card with Indian Army
A co-branded RuPay credit card for Indian Army personnel has been introduced by BOB Financial Solutions Limited (BFSL), a fully owned subsidiary of Bank of Baroda (BoB), in collaboration with National Payments Corporation of India (NPCI).
This co-branded credit card will be available on the RuPay platform and have contactless features. All members of the Indian Army will be eligible for the co-branded credit card’s Life Time Free (LTF) offer.
The Yoddha credit card will offer features like Personal Accident Insurance and many more.
SBI topped the debit card market and HDFC leads credit card
As per the latest data collated by PGA Labs shows that, the State Bank Of India has topped debit cards market with a 30% market share, as of June 2022.
Followed by Bank of Baroda (8% market share), Bank of India, Canara Bank Union Bank, and Punjab National Bank with 5% each.
HDFC Bank also topped the charts in the credit cards segment with a market share of 22%, followed by SBI (18%), ICICI Bank (17%), Axis Bank (12%), RBL Bank (5%), and Kotak Mahindra Bank (5%).
Tata Neu partners with HDFC Bank to launch co-branded credit card variants
Tata Neu and HDFC Bank have partnered to launch two co-branded credit cards variants-
(1) Tata Neu Plus HDFC Bank Credit Card
(2) Tata Neu Infinity HDFC Bank Credit Card
Customers will earn 2% NeuCoins with Tata Neu Plus HDFC Bank Credit Card on all purchases on partner Tata brands. And, customer will earn 5% NeuCoins with Tata Neu Infinity HDFC Bank Credit Card. Tata Neu customers can apply for the credit card on the Tata Neu app and access its key details.
HDFC Bank to acquire 9.94% stake in Go Digit Life Insurance
HDFC Bank would invest in Go Digit Life Insurance Ltd, the general insurer backed by Canada-based Fairfax Group.
HDFC Bank has proposed an investment of between Rs 49.9-69.9 crore (two tranches) by subscribing to equity shares of the company for an equity stake of up to 9.944% of the paid-up equity share capital of the company. Recently, Go Digit General Insurance filed draft papers with SEBI to raise funds through an initial public offering (IPO).
RBI imposes restrictions on Thodupuzha Urban Co-operative Bank
The RBI has imposed certain restrictions on Kerala-based, Thodupuzha Urban Co-operative Bank for a period of six months (August 23, 2022).
Reason: Due to its deteriorating financial condition
Impact:
- Restriction on granting or renewing loans and advances and making any investments.
- Suspended withdrawal in the bank’s savings and current accounts for depositors.
- The bank will continue its banking business with restrictions till its financial position improves.
Sourav Ganguly appointed as first brand ambassador of DreamSetGo
India’s first premium sports experiences and travel platform, DreamSetGo has appointed Sourav Ganguly as its first brand ambassador.
He will play a key role in promoting DSG’s curated experiences through its key partnerships with Manchester City, Chelsea FC, ICC Travel and more. DreamSetGo became the ‘Official Travel Agent’ of the ICC Men’s T20 World Cup Australia 2022 and the ‘Official Tour Operator’ of the Australian Open 2023. DreamSetGo was founded by Monish Shah in 2019.
Mack Rutherford becomes youngest pilot to fly solo around the world
Mack Rutherford (17), Belgian-British dual national has become the the youngest person to fly solo around the world in a small aircraft.
He landed on an airstrip of Sofia (Capital of Bulgaria) to complete his task and claimed two Guinness World Records. Rutherford is also the youngest person to circumnavigate the globe in a microlight plane. His solo trip flying around the world was sponsored by the web hosting company ICDSoft, is headquartered in Sofia.
SIDBI and TPRMG join hands to set up 1000 green energy enterprises
Small Industries Development Bank of India (SIDBI) has partnered with the TP Renewable Microgrid Ltd (TPRMG), a wholly-owned subsidiary of Tata Power.
Aim: To set up 1,000 green energy enterprises throughout the country
As per the agreement, SIDBI will provide them a “Go REsponsive, ENterprise incentive (GREENi)”,after the entrepreneurs finish a capacity-building programme organised by TPRMG.
Tata Power CEO: Praveer Sinha
SIDBI CMD : Sivasubramanian Ramanan
