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.

Read Full News >>

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.

Read Full News >>