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November 28, 2020

Lakshmi Vilas Bank is now DBS Bank (India)

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Debt ridden Lakshmi Vilas Bank has became DBS India Bank due to it's merger with  Singapore's DBS Bank.  The Reserve Bank of India had announced yesterday (27th November 2020) as the effective date of merger for the 94-year old Tamil Nadu-based bank with DBS Bank India Ltd (DBIL). Earlier, the Union Cabinet headed by Prime Minister Narendra Modi has approved the Scheme of Amalagamation of LVB. 

On 17 November 2020, Reserve Bank of India instructed Lakshmi Vilas Bank (LVB) to be merged with DBS India after LVB having placed under moratorium for 30 days due to a "serious deterioration" in the company's financial position. RBI also issued a notification vide which it declared that the financial

position of Lakshmi Vilas Bank is not sufficient to pay off its depositors and a month moratorium was announced under which depositors are able to withdraw a limited amount of money. 

RBI presented a draft amalgamation scheme of Lakshmi Vilas Bank with DBS Bank India; the merger would result in a subsequent write-off of paid-up share capital and delisting of Lakshmi Vilas Bank from all stock exchanges. All the branches of LVB will now function as branches of DBIL.

About Lakshmi Vilas Bank

The Lakshmi Vila Bank Ltd was an Indian Private Sector lender established by a group of seven businessmen of Karur under the leadership of Shri V.S.N. Ramalinga Chettiar in 3 November 1926 under the Indian Companies Act, 1913. As of November 2020, the bank has 566 branches in 19 states and 1 union territory.
  • Headquarters :  Chennai (Tamil Nadu)
  • MD & CEO : Subramanian Sundar

About DBS Bank

DBS Bank Ltd is a Singaporean multinational banking and financial services corporation headquartered in Marina Bay, Singapore. It was established by the government of Singapore on 16 July 1968 with the name The Development Bank of Singapore Limited. Later it was named as DBS Bank Ltd on 21st July 2003 after gaining the status of global bank.  Headquartered in the commercial capital of Mumbai, DBS India operates via a network of 33 bank branches across 22 cities in India.

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November 13, 2020

SBI PO Recruitment 2021 - 2000 Posts

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Good news for banking aspirants, the State Bank of India has came out with the recruitment notification for Probationary Officers (POs) for the year 2021. There are 2000 posts in total. You can apply online from 14th November 2020 to 4th December 2020. Check complete details below. All the Best :)

SBI PO 2021 Recruitment Notification Highlights

Name of the Bank : State Bank of India (SBI)

Name of the Posts : Probationary Officers (POs)

Number of Posts :
  • SC - 300 Posts
  • ST - 150 Posts
  • OBC - 540 Posts
  • EWS - 200 Posts
  • General - 810 Posts
    • Total - 2000 Posts

October 31, 2020

Legendary James Bond actor Sean Connery Passed Away

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Legendary actor Sir Thomas Sean Connery (Sean Connery) passed away today due to age related issues. The 90 years old Scottish actor was best known for his portrayal of James Bond, being the first to bring the role to the big screen and appearing in seven of the spy thrillers. 


His first Bond film was Dr. No in 1962. He has appeared in seven films as 007 during the period 1962 to 1983 (From Russia With Love, Goldfinger, Thunderball, You Only Live Twice, Never Say Never Again and Diamonds Are Forever). He remained a fan favourite and was considered the best actor to have played 007 in the long-running franchise.


His acting career spanned five decades and he won an Oscar (Best Supporting Actor) in 1988 for his role in The Untouchables for his roles as Jimmy Malone. He also won two Bafta awards and three Golden Globes in his long and storied career. He was knighted by Queen Elizabeth II in 2000.


His other renowned films included The Hunt for Red October, Highlander, Indiana Jones and the Last Crusade and The Rock. Connery was knighted by the Queen at Holyrood Palace in 2000.



Read Current Affairs in 2 hours (January to October 2020) : Download our General Awareness App from HERE  

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Top ranking states in Public Affairs Index 2020 : Highlights

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The state on the southwestern Malabar Coast of India, Kerala has been named as the best-governed state in the country according to the Public Affairs Index 2020. Kerala was followed by Tamil Nadu, Andhra Pradesh and Karnataka in the large state category. Uttar Pradesh, Odisha and Bihar ended at the bottom in the list.

Goa ranked first in the small state category followed by Meghalaya and Himachal Pradesh. Chandigarh has been named as the best governed union territory followed by Puducherry and Lakshadweep.

Public Affairs Index (PAI) is an annual report which ranks the States of India from the lens of governance. This report is released by Delhi based non profit organization Public Affairs Centre headed by former Indian Space Research Organisation (ISRO) chairman K Kasturirangan.  

Major Highlights of Public Affairs Index-2020

Large State category
  • Top 3 :
    1. Kerala
    2. Tamil Nadu
    3. Andhra Pradesh  
  • Bottom 3 :
    1. Uttar Pradesh
    2. Odisha
    3. Bihar
Small State category
  • Top 3 :
    1. Goa
    2. Meghalaya
    3. Himachal Pradesh.
  • Bottom 3 :
    1. Manipur
    2. Delhi
    3. Uttarakhand
Union Territories Category :
  • Top 3 :
    1. Chandigarh
    2. Puducherry
    3. Lakshadwee
  • Bottom 3 :
    1. Dadar and Nagar Haveli
    2. Andaman
    3. Jammu and Kashmir 

Read Current Affairs in 2 hours (January to October 2020) : Download our General Awareness App from HERE 

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October 26, 2020

Introducing our new mobile app : General Awareness 2020 Quick Revision

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Dear Friends, we are thrilled to announce the launch of our first mobile application "General Awareness 2020 Quick Revision".

This app covers the current affairs from January 2020 to October 2020 and offers you the fastest and easiest way to prepare General Awareness section for upcoming competitive exams.

What's special in this App ?
  • Monthly Lists (from January 2020 to October 2020)
  • All topics covered.
  • No unnecessary data.
  • Straight to the point.
  • Focus on important topics.
  • Free of charge.
  • Up-to-date Info
  • User-friendly.

So what are you waiting for ? You can download this app from below link. Good luck and Happy Reading :)



Download General Awareness 2020 Quick Revision App from HERE





October 23, 2020

IBPS Clerks X Supplementary Recruitment 2020 Online Application Link Activated

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Friends, the Institute of Banking Personnel Selection (IBPS) has decided to reopen the registration window and invite applications for IBPS Clerks X Online Examination (Preliminary & Main) 2020. The supplementary advertisement for the recruitment has been released and the online application link is also active now. You can apply online from today (23rd October 2020) to 6th November 2020. Check complete details below. All the Best :)

Please keep note that this process is only for the following categories of applicants.

  • Who attained the eligibility in terms of educational qualifications by 06.11.2020.
  • Who could not register successfully from 02.09.2020 to 23.09.2020.

Check the notice released by IBPS about Supplementary Recruitment of Clerical Vacancies from HERE


Apply Online from HERE


Check complete details from HERE

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October 20, 2020

SBI Clerks (Junior Associates) 2020 Prelims Results & Mains Call Letters released

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Friends, the State Bank of India (SBI) has released the Results and Marks of SBI (Junior Associates (Customer Support & Sales / Clerks) Preliminary (Phase I) Online Exam. You can check your SBI Clerks Prelims 2020 result from below link or from the official website of the State Bank of India by entering your Registration Number / Roll Number and Password / Date of Birth. The bank has also released main exam call letters for the selected candidates. The SBI Clerks Main Exam is scheduled to be held on 31st October 2020. You can download your call letter from below link. The call letters for the main examination will be available for download at sbi's official website from today (20th October 2020) to 31st October 2020. All the Best :)

January to October 2020 Current Affairs Quick Revision : Download our General Awareness App from HERE

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October 16, 2020

Meet the new Chairman of Indian Bank's Association (IBA) - Rajkiran Raj G

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The representative body of management of banking in India, Indian Bank's Association (IBA) today announced that it elected Rajkiran Rai G, Managing Director and Chief Executive Officer (CEO), Union Bank of India, as the Chairman of the Association.

Mr. Rai will be the Head of IBA for the term 2020-21. He has replaced Rajnish Kumar as the IBA Chairman after Kumar recently retired as SBI Chief.

Actually, Rajkiran Rai's term as the head of Union Bank of India supposed to be ended in June this year, but the government has extended his term by another two years until his retirement on May 31, 2022. Rai had taken over as the CEO of the Mumbai-based lender on July 1, 2017.

The other office-bearer of the Association elected, Dinesh Kumar Khara, Chairman, State Bank of India (SBI) as Deputy Chairman of the Association for the year 2020-2021.

About IBA
The Indian Banks' Association  (IBA) is an association of banks and other entities in the banking ecosystem in India catering to its members. It was formed on 26 September 1946. The organization is managed by a managing committee, and the current managing committee consists of one chairman, 3 deputy chairmen, 1 honorary secretary and 26 members.

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October 12, 2020

Meet the winners of Nobel Prize in Economy 2020

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The Royal Swedish Academy of Sciences has announced the winners of Nobel Prize in Economic Sciences for the year 2020 (also known as Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) to Paul R. Milgrom and Robert B. Wilson for improvements to auction theory and inventions of new auction formats.”

This year’s Laureates, Paul Milgrom and Robert Wilson, have studied how auctions work. They have also used their insights to design new auction formats for goods and services that are difficult to sell in a traditional way, such as radio frequencies. Their discoveries have benefitted sellers, buyers and taxpayers around the world.

People have always sold things to the highest bidder, or bought them from whoever makes the cheapest offer. Nowadays, objects worth astronomical sums of money change hands every day in auctions, not only household objects, art and antiquities, but also securities, minerals and energy. Public procurements can also be conducted as auctions.

Using auction theory, researchers try to understand the outcomes of different rules for bidding and final prices, the auction format. The analysis is difficult, because bidders behave strategically, based on the available information. They take into consideration both what they know themselves and what they believe other bidders to know.

“This year’s Laureates in Economic Sciences started out with fundamental theory and later used their results in practical applications, which have spread globally. Their discoveries are of great benefit to society,” says Peter Fredriksson, chair of the Prize Committee. 

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Proud Moment : 8 Indian Beaches get International Blue Flag Certification

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As a global recognition for India's conservation and sustainable development efforts, Eight beaches in India have been awarded the prestigious Blue Flag certification, the Union Minister of Environment, Forest and Climate Change Prakash Javadekar announced yesterday.
The Blue Flag Certification has been awarded to 8 beaches spread across 5 states and 2 union territories namely :
  • Shivrajpur Beach (Gujarat)
  • Ghoghla Beach (Diu)
  • Kasarkod Beach (Karnataka)
  • Padubidri Beach (Karnataka)
  • Kappad Beach (Kerala)
  • Rushikonda Beach (Andhra Pradesh)
  • Golden Beach (Odisha) and
  • Radhanagar Beach (Andaman & Nicobar Islands)

These beaches were recognized by an international jury comprising of eminent members of the United Nations Environment Programme (UNEP), the United Nations World Tourism Organisation (UNWTO), Denmark-based NGO Foundation for Environmental Education (FEE) and the International Union for Conservation of Nature (IUCN).

What is Blue Flag Certification ?

The iconic Blue Flag is one of the world’s most recognized voluntary eco-labels awarded to beaches, marinas, and sustainable boating tourism operators. The Blue Flag certification is a globally recognised eco-label accorded by "Foundation for Environment Education, Denmark" based on 33 stringent criteria under four major heads -- environmental education and information, bathing water quality, environment management and conservation, and safety and services at the beaches.

India till now had none of its beaches tagged as “Blue Flag”.  With this, India became the first country in “Asia-Pacific” region which has achieved this feat in just about 2 years’ time.  Japan, South Korea and the UAE are the only other Asian nations who have been conferred with a couple of Blue Flag beaches, however, in a time frame of about five to six years. Spain, so far, has the highest number of Blue Flag certified sites.

Important Note :  India has also been awarded the 3rd prize by the jury under the "International Best Practices" for pollution control in coastal regions.



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