12th April 2024 Daily Current Affairs
National & International Appointments
1. Justice Aniruddha Bose Appointed Director of National Judicial Academy
- The Supreme Court recently appointed Justice Aniruddha Bose as the Director of The National Judicial Academy (NJAC), Bhopal.
- Chief Justice of India DY Chandrachud announced the decision of the appointment during the ceremonial bench organised honoring the retiring justice.
- Justice Aniruddha Bose was elevated to the Supreme Court on May 24, 2019.
- Before the elevation, he served as the Chief Justice of the Jharkhand High Court.
Banking & Finance
2. ICRA downgrades Indian banking sector outlook to ‘stable’ from ‘positive’
- Domestic rating agency ICRA revised downwards its outlook for the banking sector to ‘stable’ from ‘positive’ on expectations of moderation in credit growth and profitability.
- ICRA predicts that credit growth will moderate to 11.6-12.5% in FY25 from 16.3% (excluding the HDFC twins’ merger impact) in FY24.
- This moderation is expected to impact profitability due to lower net interest income margins resulting from higher deposit rate payouts.
