Current Affairs for BANK, IBPS Exams - 28 April 2022

::National::

IAF chief says air force needs to prepare for intense, short duration ops

Air Chief Marshal Vivek Ram Chaudhari on Thursday said the current geopolitical situation necessitates the Indian Air Force (IAF) to prepare for intense and short duration operations at a short notice.
"The current geopolitical situation necessitates the Indian Air Force to prepare for intense and small duration operations at a short notice. This new paradigm of high-intensity operations, coupled with minimal build-up time would require major changes in terms of operational logistics," the air chief marshal said while addressing a seminar.
Chaudhari did not elaborate on the geopolitical situation, but a report by news agency PTI said the IAF chief was referring to the ongoing war in Ukraine which entered the third month, and its possible implications.
He said that logistics support in such a scenario would be extremely challenging because the force has a fairly vast and diversified inventory.
The IAF chief further said there would be a need to prepare the air force for "short swift wars" and be ready for a long-drawn standoff similar to what has been seen in eastern Ladakh.
"Due to very high speeds, hypersonic missiles are difficult to intercept making existing air defence systems redundant. The air force is actively involved in research and development for such weapons and in developing countermeasures," he was quoted as saying by news agency ANI on April 12.
Chaudhary also spoke about several aspects of military preparedness and said the way forward would be to have a serviceability-linked inventory management system.

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::International::

Canada lawmakers vote to label Russia’s acts in Ukraine as ‘genocide’

Canada’s House of Commons on Wednesday unanimously voted to adopt a motion accusing the Russian government of committing “acts of genocide against the Ukrainian people”.
The motion said war crimes by Russia include mass atrocities, systematic instances of willful killing of Ukrainian civilians, the desecration of corpses, forcible transfer of Ukrainian children, torture, physical harm, mental harm, and rape.
The motion, introduced by MP Heather McPherson, is non-binding, but McPherson said later that her intent in moving it was to use it as “a tool to urge our government to do more”.
“This is a tool to say that the conflict in Ukraine is not over, that the support we’ve been providing has not been enough and we need to do more for the people of Ukraine,” she said, according to the CBC News.
The motion was to “recognise that the Russian Federation is committing acts of genocide against the Ukrainian people” and also acknowledging “there is clear and ample evidence of systematic and massive war crimes and crimes against humanity being committed against the people of Ukraine by the Armed Forces of the Russian Federation, directed by President Vladimir Putin and others within the Russian Parliament.”
The Canadian government has also said it will change its sanctions laws to allow for funds or property seized or sanctioned from Russia to be paid out to help rebuild Ukraine or to those impacted by Russia’s invasion.
It described Russia’s attempted annexation of certain areas of Donbas as “a blatant violation of international law”.

::Economy::

BoI plans Rs 2,500 cr equity capital raise to comply with shareholding norm

State-owned Bank of India (BoI) on Monday said it will raise up to Rs 2,500 crore by issuing fresh equity shares in order to comply with the minimum public shareholding requirement of 25 per cent.
"The board of directors of the bank at its meeting held on April 25, 2022, considered and approved the capital raising plan up to Rs 2,500 crore by issuing fresh equity capital in the form of QIP/FPO/preferential issue," BoI said in a regulatory filing.
The main purpose of the capital raising plan is to increase the minimum public shareholding from the present 18.59 per cent to 25 per cent or above in order to comply with the minimum public shareholding requirements as per the Sebi rules, it added.
The lender said it has decided to seek permission of its shareholders in the ensuing annual general meeting (AGM)/extra-ordinary general meeting (EGM) called for this purpose.
Stock of Bank of India ended at Rs 48.75 apiece on BSE, down by 1.52 per cent from the previous close.

RBI imposes Rs 1.12 cr penalty on Bank of Maharashtra for non-compliance

Reserve Bank of India (RBI) has imposed a penalty of Rs 1.12 crore on Bank of Maharashtra for non-compliance with certain directions, including those related to Know Your Customer (KYC) norms.
The penalty has been imposed for violation provisions related to KYC, creation of a Central Repository of Large Common Exposures - Across Banks, and guidelines on managing risks and code of conduct in outsourcing of financial services by banks.
The Statutory Inspection for Supervisory Evaluation (ISE) of the public sector bank was conducted with reference to its financial position as on March 31, 2020, it said in a release on Monday.
Also, scrutinies were conducted in the matter of non-credit of customs duty to the government account by the bank, it added.
In another release, RBI said it has imposed a penalty of Rs 12 lakh on Rajkot NagarikSahakari Bank, Rajkot for non-compliance with the direction on Interest Rate on Deposits'.
Separately, the central bank has imposed a penalty of Rs 25 lakh on The Haryana State Co-operative Apex Bank, Chandigarh for contraventions with RBI directions on housing finance.
According to the releases, the penalties are based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers.

::Sports::

Badminton Asia Championships: Saina wins opening match, Sen Out in first round

Olympic medallists PV Sindhu and SainaNehwal fought off strong challenge from their opponents before winning their respective opening matches, but it was curtains for LakshyaSen and B SaiPraneeth in Badminton Asia Championships in Manila, Philippines.
Two-time Olympic medallistSindhu was made to toil hard by Chinese Taipei's Pai Yu Po as the fourth seeded Indian came back from a game down to win 18-21 27-25 21-9 in a marathon women's singles opening round match, which lasted for one hour and 17 minutes.
London Olympics bronze medallistSaina, who has been on a comeback trail after recovering from some nagging injuries, also had to break her sweat to eke out a 21-15 17-21 21-13 win over SimYujin of South Korea.
While Sindhu will next play Singapore's YueYannJaslynHooi, Saina will be up against China's Zhi Yi Wang.
The other remaining Indian in the women's singles, MalvikaBansod too squandered a game lead before going down 9-21 21-17 26-24 against Yeo Jia Min of Singapore in another hard-fought tie.