Notesale: Turn your study into money

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Weekly One Liners Updates
8-14th August 2020
Dear readers,
Weekly One Liners Updates is a collection of important news and events that occurred in the second week (8-14th) of
August 2020
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Banking & Financial Awareness
1
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Note:
➢ The Agreement was signed through exchange between Saroj Khuntia, General Manager of EXIM Bank and Adriano
Isaias Ubisse, National Directorate of Treasury, Ministry of Economy and Finance, Mozambique
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44 million
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Life Insurance Corporation of India(LIC) has acquired 4
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Note:
➢ With this acquisition, the hold of LIC in YES Bank has increased from 0
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98%(125 crore
shares)
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3
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Note:
➢ In addition to this, IFC has also committed an additional USD 10 million for direct co-investments
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4
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Note:
➢ Through this partnership, SBM Bank India will be the licensed banking partner for InstaReM and gain access to
United States, Canada, Australia, Europe, Singapore, Malaysia and Hong Kong
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5
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Note:
➢ This platform enables users to earn ‘nth’ (denoting infinite possibilities) points through various bank transactions
and redeem them instantly on various products, such as e-vouchers, donations, hotel and flight bookings
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6
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Note:
➢ The Bombay Stock Exchange (BSE) will conduct various activities such as seminars and awareness programmes on
price-risk management for bullion traders and jewellers
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7
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Note:
➢ It is an effort to digitise and empower a large number of Small and Medium Enterprises (SMEs)
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gradeup
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8
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Note:
➢ After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will
commence its operations
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