Current Affairs for BANK, IBPS Exams - 30 April 2022

::National::

Lieutenant General Manoj Pande on 30-04-2022 took charge as India's new Chief of Army Staff, succeeding General MM Naravane in the role.
General Pande was previously the army's vice chief - a position he assumed in February when he replaced Lieutenant General CP Mohanty.
He becomes the first officer from the Corps of Engineers, also known as 'sappers', to hold the top position in the Indian Army. Officers from the 'sappers' have served as commanders and vice chiefs, but never as army chief.
Born May 6, 1962, he will be the 29th army chief for over two years. Service chiefs have a three-year term or serve till they turn 62, whichever is earlier.
He will take the reigns of one of the largest armies in the world at a time when India faces multiple challenges on its borders, including the persistent stand-off with China, and is working to optimise resources and contributions by the three services - Army, Air Force and Navy - to fight future wars and operations.
His appointment also comes as the Narendra Modi government works on indigenisation of military hardware - a subject that will prove particularly challenging now given the ongoing fallout of Russia's war on Ukraine.
India’s military preparedness is firmly in the crosshairs in this case as two-thirds of the country’s military equipment is of Soviet or Russian-origin.

The United Nations doggedly sought to broker an evacuation of civilians from the increasingly hellish ruins of Mariupol on Friday, while Ukraine accused Russia of showing its contempt for the world organization by bombing Kyiv when the UN leader was visiting the capital.
The mayor of Mariupol said the situation inside the steel plant that has become the southern port city’s last stronghold is dire, and citizens are “begging to get saved." Mayor VadymBoichenko added: "There, it’s not a matter of days. It’s a matter of hours.”
Ukraine’s forces, meanwhile, fought to hold off Russian attempts to advance in the south and east, where the Kremlin is seeking to capture the country's industrial Donbas region. Artillery fire, sirens and explosions could be heard in some cities.

RBL Bank said its board has approved to raise up to USD 100 million by issuing US dollar denominated bonds.
The board of directors of RBL Bank, at its meeting held on Friday, accorded its approval to raise or borrow monies by issue of USD denominated unsecured Tier II subordinated notes aggregating up to USD 100 million, to identified investors, the bank said in a regulatory filing.
At current exchange rate, USD 100 million is around Rs 765 crore.
The stock of RBL Bank closed 0.66 per cent down at Rs 120.10 apiece on BSE.

Keeping up pace with the economic upturn, credit to industry rose by 7.1 per cent (year-on-year) in FY22. This is against a de-growth of 0.4 per cent in FY21, a year when the first wave of Covid devastated the economy.
The Reserve Bank of India (RBI), in a statement, said size-wise, credit to medium industries registered a robust growth of 71.4 per cent in March 2022 compared to 34.5 per cent last year.
Credit growth to micro and small industries accelerated to 21.5 per cent from 3.9 per cent. Credit to large industries recorded a marginal growth of 0.9 per cent against a contraction of 2.5 per cent during the same period last year.
In absolute term, Bank credit to industry expanded by Rs 2.09 trillion in Fy22 as against contraction of over Rs 11,000 crore in Fy21.
Gross credit of commercial banks expanded by 9.6 per cent in FY22 from 4.6 per cent in FY21. In absolute terms, banks lent Rs 10.43 trillion in FY22, up from Rs 5.39 trillion in FY21.

Double Olympic medallist P V Sindhu ended her Badminton Asia Championships campaign with a bronze medal after going down fighting to Japan's Akane Yamaguchi in three games.
The 26-year-old started the match on a positive note but couldn't keep the winning momentum going, losing 21-13 19-21 16-21 to the top seed and world No. 2 Yamaguchi in the clash, which lasted one hour and six minutes.
This is Sindhu's second medal in the tournament -- she had claimed a bronze in the 2014 Gimcheon edition.
The Hyderabad shuttler, who won two Super 300 titles at Syed Modi International and Swiss Open, took the first game easily in 16 minutes.
In the second game, the fourth-seeded Sindhu was handed a point penalty for taking too much time between points, leading to an argument with the referee.