Current Affairs Daily Digest: October 25, 2017
The Current Affairs Daily Digest for October 25, 2017 with important tid-bits on current affairs.
Suresh Sethi appointed as MD and CEO of India Post Payments Bank
Suresh Sethi was appointed as new Managing Director & Chief Executive Officer (MD & CEO) of India Post Payments Bank (IPPB). He succeeded A.P. Singh, who had been the interim MD & CEO of IPPB since January 2017. He is the former MD of Vodafone M-Pesa Ltd. Sethi has broad international experience of over 27 years in banking and financial services industry with Citigroup and YES Bank, across India, Kenya, UK, Argentina and US.
SBI inks agreement with Escorts Ltd to finance tractors purchase
The State Bank of India (SBI) signed agreement with Escorts Ltd to finance farmers for purchase of Escorts tractors. The aim of the tie-up with Escorts is to promote, market and make accessible, organised finance facility, with superior features at competitive interest rates to farmers across country, who wish to purchase Powertrac and Farmtrac tractors manufactured by Escorts. Escorts is a leading tractor and construction equipment manufacturer at Faridabad, Haryana.
Filmmaker Irruppam Veedu Sasidaran passes away
Legendary filmmaker Irruppam Veedu Sasidaran (also known as I V Sasi) passed away at Saligramam, Chennai. He was 69. He was best known for his films “Avalude Ravukal” and “Devasuram”. In his more than three-decade career, he had directed over 150 films in Malayalam, Telugu, Tamil and Hindi and worked with stars such as Kamal Haasan, Rajinikanth, Mohanlal and Mammootty,
EPPC inks MoU with PNB to provide export finance for SMEs
The Engineering Export Promotion Council (EEPC) of India inked Memorandum of Understanding (MoU) with Punjab National Bank (PNB) to provide easy access to export finance for SMEs and merchant exporters of council. As per the agreement, PNB will provide finance with assurance that loans up to Rs 10 crore would be provided within six to seven weeks at competitive rates, PNB will also extend foreign currency loan facilities and provide advisory support to EEPC India members to finance projects through its more than 200 authorised foreign exchange branches.