Current Affairs: 14 January 2019

Daily Current GK Update

14 January, 2019

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  1. IDFC Bank renamed IDFC First Bank post merger with Capital First

Private sector lender IDFC Bank has said its name has been changed to IDFC First Bank following the completion of its merger with non-banking financial company Capital First. The merged entity has a combined loan asset book of 31.03 lakh crore. Capital First Founder and Chairman V Vaidyanathan has been appointed the Managing Director and CEO of the merged entity.

Source: – Livemint

 

  1. NCLT bars Mumbai-based Gammon’s promoter from leaving India

The National Company Law Tribunal (NCLT) has asked Gammon India’s promoter and non-executive Chairman Abhijit Rajan to not leave the country without permission of the authorities concerned. The Union Bank of India has taken the infrastructure construction firm to the insolvency court alleging a default of over 5315 crore. The Mumbai-based company has a total debt of around 37,000 crore.

Source: – Livemint

 

  1. Prez confers Honorary Rank of General on Nepal Army Chief

Chief of Army Staff of Nepali Army, Purna Chandra Thapa, has been conferred the Honorary Rank of General of Indian Army by President Ram Nath Kovind. He was honoured for his “commendable military prowess” and contribution to fostering “friendly association with India”. It is a practice between the two nations to award the honorary title to each other’s Army Chief.

Source: – ANI

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