- HSBC has raised its growth forecasts for India in the coming fiscal year 2021-22 (FY22), from 9 per cent to 11.2 per cent, following a pick up in business activity and a steady fall in COVID cases. The 2020-21 GDP forecast of India by HSBC remains -6.3 per cent, as projected earlier.
- The Reserve Bank of India (RBI) has brought the State Bank of Sikkim under its regulation. Till now, RBI had the right and obligation to function as a banker to all the state government except for the state government of Sikkim
- The RBI has roped in Punjabi singer-rapper Viruss in its public awareness campaign. The campaign also includes Viruss’ popular 2017 Indie hit ‘Bam Bhole’ that was recreated for Akshay Kumar-Kiara Advani starrer Laxmii.
- Union Bank of India was awarded “Best Service Provider” in Human Resources and also the best institution for “Excellence in Learning & Development” at the 29th Global HRD Congress awards. Kalyan Kumar, Chief General Manager, HR was named as “Chief Human Resources Officer of the Year”
History on this Day:
(1998) Osama bin Laden publishes a fatwa declaring jihad against all Jews and Crusaders
(1968)Wilt Chamberlain becomes 1st NBAer to score 25,000 points