16th March 2024 Daily Current Affairs

National Affairs

The Asian Development Bank will provide a $ 23 million loan to the Government of India to set up an International Fintech Institute at the Gujarat International Finance Tec-City in Gujarat.
The loan aims to promote holistic growth of the fintech ecosystem in India by setting up an International Fintech Institute at the GIFT-City in Gujarat.
The International Fintech Institute will be established in partnership with globally reputed institutes and universities.

Banking & Finance

The RBI has fined the public sector bank Bank of India and the private sector Bandhan Bank for non-compliance with regulatory norms.
The Bank of India was fined Rs 1.4 crore for not complying with the RBI’s provisions regarding ‘interest rate on deposits’, ‘customer service in banks’, and’ interest rate on advances’ and contravening the Credit Information Companies Rules, 2006.
The Bandhan Bank was fined Rs 29.55 lakh for non-compliance with certain directions.

National Affairs

Odisha Chief Minister Naveen Patnaik inaugurated India’s first indoor athletics and aquatic centres at the Kalinga stadium in Bhubaneshwar.
The CM also laid the foundation stone for a new indoor diving centre in the stadium complex.
The newly developed India’s first indoor athletics stadium has the facilities to host national and international athletic events.
The stadium, built at an estimated cost of Rs 120 crore, can accommodate 120 athletes for full-time coaching.