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Current Affairs – September 27 2023
1. RBI Approved Poonawalla Fincorp To Issue Credit Cards With IndusInd Bank
The Reserve Bank of India (RBI) has granted its approval for Poonawalla Fincorp’s collaboration with IndusInd Bank to issue a co-branded credit card.
This initiative is expected to have a profound impact on the financial landscape in India.
Poonawalla Fincorp Limited, under the dynamic leadership of Abhay Bhutada, Managing Director, has consistently strived to innovate and provide cutting-edge financial solutions to its customers.
The company’s latest venture involves the introduction of a co-branded credit card in partnership with IndusInd Bank.
2. RBI Cancels Licence Of The Kapol Co-operative Bank Over Inadequate Capital
The Reserve Bank of India (RBI) has taken a significant step by canceling the license of The Kapol Co-operative Bank Limited, a Mumbai-based cooperative bank.
This decision was made primarily due to concerns regarding the bank’s inadequate capital and earning prospects, which raised questions about its ability to fulfill its commitments to depositors.
The RBI, in a statement, announced the cancellation of The Kapol Co-operative Bank Limited’s license.
According to the central bank, this cancellation means that the cooperative bank is prohibited from conducting banking activities, which encompass functions such as accepting deposits and repaying deposits.
This decision was made effective immediately, leaving the bank unable to perform its core functions.
3. World Tourism Day 2023 is observed on September 27
World Tourism Day 2023 is observed on 27 September globally. This day is celebrated every year to focus on promoting tourism in various parts of the world.
It was initiated by the United Nations World Tourism Organisation (UNWTO). It is celebrated to promote tourism and understand its importance.
World Tourism Day aims to make people understand the joy of exploring the world. It is an extremely important event.
Theme of World Tourism Day 2023
This World Tourism Day 2023, the UNWTO, under the theme “Tourism and green investment” .
4. British Actor David McCallum From “The Man From U.N.C.L.E.” Passes Away At 90
British actor David McCallum who played a secret agent in the 1960s spy drama ‘The Man From U.N.C.L.E.’ has died at the age of 90. Mr McCallum also starred in films including ‘The Great Escape’, ‘The Greatest Story Ever Told’ and ‘A Night To Remember’. He guest starred on TV series ‘Perry Mason’ and ‘The Outer Limits’.
He also appeared on more than 450 episodes of ‘NCIS’ as Ducky, an autopsy expert.
5. Afghani Currency Has Emerged As The Best Performing Currency In The Current Quarter
The Afghani, the currency of conflict-ridden Afghanistan, has taken the financial world by surprise by emerging as the best-performing currency of the September quarter in 2023.
This unexpected surge is attributed to a combination of factors, including massive dollar inflow in the form of humanitarian aid and currency control measures imposed by the ruling Taliban. As of September 26th, the Afghani was trading at approximately 78.25 against the US dollar.
6. Infosys And Microsoft Collaborate For Adoption Of Generative Artificial Intelligence
In a significant move towards revolutionizing the landscape of artificial intelligence (AI) applications, Infosys, one of India’s leading IT majors, has announced a strategic collaboration with tech giant Microsoft.
The partnership aims to develop cutting-edge solutions harnessing the combined prowess of Infosys Topaz, Azure OpenAI Service, and Azure Cognitive Services. This collaborative effort seeks to bring AI capabilities to the forefront of enterprise functions across various industries, promising to enhance productivity and drive new revenue growth.
7. ‘2018’ is India’s official entry in Oscars 2024
The Film Federation of India has announced that the Malayalam movie “2018: Everyone is a Hero,” based on the Kerala floods, will represent India as its official entry at the Academy Awards or Oscars in 2024.
The film, directed by Jude Anthany Joseph, delves into the harrowing tales of survival during the devastating floods that struck the state. Its selection was attributed to its poignant portrayal of climate change issues and the societal misconceptions about development.
