National & International Appointments
2. RBI appoints Yogesh Dayal as additional director on RBL board
- The RBI has appointed Yogesh Dayal as an additional director on the board of RBL Bank.
- The private sector lender’s MD and CEO Vishwavir Ahuja has immediately gone on leave.
- The central bank invoked Section 36 AB contained in Part 2A (Control over Management) of the Banking Regulation Act, 1949.
- The gross NPA of the bank rose 106 basis points to 5.40 percent of gross advances as of September-end 2021 against 4.34 percent as of March-end 2021.
Banking & Finance
3. IndusInd Bank, NPCI partner to offer cross-border payments through UPI
- IndusInd Bank has partnered with the National Payments Corporation to offer real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners.
- It is the first Indian bank to go live on UPI for cross-border payments/NRI remittances.
- Under this arrangement, the MTOs will be using the IndusInd Bank channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.
Obituaries
4. Greece’s former president Karolos Papoulias passes away
- Former Greek president Karolos Papoulias, who served two terms between 2005 and 2015 passed away.
- Papoulias, who was also foreign minister in 1985-89 and 1993-96, was a high-ranking member of the socialist PASOK party and a close associate of its late leader and former prime minister Andreas Papandreou.
- He served as President during the crisis that plunged the country into recent decades' gravest political and economic turmoil.
Obituaries
5. 'He-Man' artist and toy designer T. Mark Taylor passes away
- Mark Taylor, artist and toy designer for the He-Man and the Masters of the Universe franchise as well as the Teenage Mutant Ninja Turtles passed away.
- He-man was the muscled frontman for toy manufacturer Mattel’s Masters of the Universe franchise
- He-Man was the epitome of hulking superhero warriors but also became an icon within the LGBTQ+ community.
- Taylor began his career with El Segundo-based Mattel in 1976 as a packaging designer.
Sports
6. Himachal Pradesh create history, win Vijay Hazare Trophy
- Himachal Pradesh clinch their maiden Vijay Hazare Trophy beating Tamil Nadu in the final in Jaipur.
- Himachal Pradesh skipper Rishi Dhawan won the toss and put Dinesh Karthik-led Tamil Nadu to bat.
- Youngster Shubham Arora came out all guns blazing with his maiden List A century as Himachal downed five-time champions Tamil Nadu.
- Tamil Nadu has been the best domestic side in the country in white-ball cricket since the 2019-20 season.
Sports
7. Radiant beats Challengers to win Pro Tennis League 2021
- Team Radiant won the Pro Tennis League 2021 beating Bangalore Challengers in the final of the Centena Pro Tennis League. Davis Cupper Saketh Myneni led the Team Radiant.
- Saketh outclassed reigning National champion Niki Poonacha 5-0 in the third rubber to gain a four-point lead for the team which proved decisive in the eventual analysis.
- Four-time National champion Prerna Bhambri was equally responsible in Radiant shining as she won both her mixed doubles matches.
Sports
8. Moyuka Uchijima of Japan wins ITF W25 Pune title
- Japanese tennis player Moyuka Uchijima has won her maiden 20th edition of the NECC Deccan $25,000 Women’s ITF Championships.
- the 20-year-old outlasted Diana Marcinkevica of Latvia 6-2, 7-5 in the singles final.
- With junior Sara Saito winning two back-to-back ITF junior events earlier in December, Uchijima capped the hattrick for Japan with her victory.
- Anna Danilina of Kazakhstan and Valeriya Strakhova of Ukraine claimed the doubles title.
Banking & Finance
9. PNB enters into a co-lending arrangement with Lendingkart
- PNB has entered into a co-lending arrangement with Lendingkart Finance Ltd
- This partnership is part of its efforts to improve the flow of credit to the unserved and underserved sectors of the economy
- This arrangement will focus on digital underwriting and cash flow based lending
- The ultimate beneficiaries would be MSME borrowers who will get the funds at an affordable rate with greater outreach considering the lower cost of funds from banks and the greater reach of the NBFC
Banking & Finance
10. RBI imposes ₹30 lakh penalty on MUFG Bank
- The RBI has imposed a monetary penalty of ₹30 Lakh on MUFG Bank Ltd for non-compliance with its directions on ‘Loans and Advances – Statutory and Other Restrictions.
- MUFG Bank has the largest network amongst Japanese banks in India, with a presence in five locations.
- MUFG Bank caters to the banking needs of Japanese and global corporates that are establishing or growing their businesses in India.
National Affairs
11. Centre sets up panel to look into the withdrawal of AFSPA in Nagaland
- The center has instituted a high-level committee to examine the possibility of withdrawing the AFSPA in Nagaland.
- Registrar General and Census Commissioner of India Vivek Joshi will head the 5-member committee and Additional Secretary in the Home Ministry Piyush Goyal will be its Member-Secretary.
- The Chief Secretary and DGP of Nagaland and the DGP of Assam Rifles will be the other members of the committee.
- The committee will submit its report within 45 days.
Obituaries
12. Seven-term Rajya Sabha MP Mahendra Prasad passes away
- Seven-time Rajya Sabha MP from the Janata Dal (United) and industrialist Mahendra Prasad passed away in New Delhi.
- Prasad was a seven-term Rajya Sabha MP from Bihar and was also elected to the Lok Sabha once.
- Prasad was first elected to the Lok Sabha on a Congress ticket in 1980.
- He remained associated with the party for a long time and shifted his loyalties later as its fortunes declined in the state.
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