Bank credit grew by 13.2% in FY19 as compared to 10.3% in the previous FY, mainly aided by loans to services and retail sector.
Deposit growth also gained momentum, growing by 10% as compared to 6.7% a year ago.
RBI’s 25th Governor: Dr. Shaktikanta Das
Facebook has chosen London as the centre for the global roll-out of WhatsApp pay before it launches its digital payments service on the mobile messaging platform in India.UK was chosen because WhatsApp is more popular there than in the US.
Matthew Idema-WhatsApp's CEO
The 5th edition of the UN Global Road Safety Week (6-12 May 2019) highlights the need for strong leadership for road safety. The theme of the Road Safety Week 2019 is ‘Leadership for Road Safety’.
HQs of UNO-New York
WTO Ministerial meeting of developing countries is being hosted by New Delhi, India.16 developing countries and 6 LDCs are participating in the meeting. It is an effort to bring both on a platform for sharing common concerns on issues affecting the WTO.
WTO-World Trade Organization
LDC-Least Developed Countries
The app allows merchants to record their cash/credit sales customer wise, request accounts receivable from customers via SMS payment links, and keep track of accounts payable to suppliers. It serves as a networking platform for merchants.
CEO of BharatPe -Ashneer Grover
CBIC organized a meeting of the Regional Heads of the CAAPR of WCO in Kochi. The meeting took stock of the progress being made in carrying out the programmes of WCO to promote, facilitate and secure the cross-border trade in the region.
India is the Vice-chair of the Asia-Pacific region.
In a survey conducted by Air Help, Rajiv Gandhi International Airport of Hyderabad has been ranked as the world’s 8th Best Airport. The airports were rated on the basis of time performance, service quality and food & shopping options.
Qatar Airways topped the list for the 2nd consecutive year.
TIJJANI Muhammad-Bande, a professor and former vice chancellor of Usman Danfodiyo University, Sokoto, has been appointed the president of the United Nations General Assembly (UNGA).
Previously, he was the permanent representative of Nigeria at UN
Karnataka Bank has promoted its General Managers Balachandra Y V and Gokuldas Pai as Chief Operating Officer and Chief Business Officer, respectively. The previous COO of Karnataka Bank was Raghavendra Bhat M.
HQ: Mangaluru
Tagline: Your Family Bank, Across India
Noted Tamil novelist and Sahitya Akademi Awardee Thoppil Mohamed Meeran passed away in Pettai, aged 74. He authored many Tamil & Malayalam novels. His novel “Saaivu Naarkkali”(The Reclining Chair) won the Sahitya Akademi Award in 1997.
He also got Tamil Nadu Kalai Ilakkiya Perumantram Award in 1992