1-2 October 2019 Current Affairs

Bajaj Finance | SBI | MCC President | Ford India | RCom AGM | Niti Aayog School Education Quality Index |

Posted on Oct 02, 2019 04:18 IST in Current Affairs.

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1) Which non-banking finance company (NBFC) on 1 October 2019 overtook India's biggest lender State Bank of India (SBI) by assets? – Bajaj Finance (Non-banking finance firm Bajaj Finance overtook India's biggest lender by assets, State Bank of India, in terms of market capitalization (m-cap) for the first time on 1 October 2019. Bajaj Finance's m-cap stood at Rs. 2.32 lakh crore compared to SBI's Rs. 2.28 lakh crore. It is worth mentioning that Bajaj Finance has a loan book of just Rs. 1.25 lakh crore, whereas SBI's loan book stood at Rs. 22.40 lakh crore)

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2) Which former cricketer became the first non-British to take over as President of the historic Marylebone Cricket Club (MCC) of England? - Kumar Sangakkara (Former Sri Lanka captain Kumar Sangakkara took charge as the President of England's 232 years old Marylebone Cricket Club (MCC) to become the first non-British to hold the post)

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3) US carmaker Ford signed an agreement to give control of its India business to which Indian automobile company? – Mahindra & Mahindra (US carmaker Ford and India's Mahindra & Mahindra have agreed to form a joint venture valued at Rs. 1,925 crore that will develop and sell Ford branded vehicles in India. Under the agreement Ford will transfer its entire business in India, barring an engine plant in Sanand, and its Chennai-based Global Business Services unit, to a new JV firm controlled by M&M)

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4) Why the Annual General Meeting (AGM) of Anil Ambani-led RCom held on 30 September 2019 came into news? – It was the first AGM of a major corporate company which was chaired by a resolution professional (The AGM of the bankrupt Reliance Communications (RCom) that was held on 30 September 2019 was chaired by a resolution professional - Aneesh Nanavati of Deloitte. RCom is presently going through a insolvency process and the National Company Law Tribunal had in July 2019 appointed Nanavati as resolution professional. So this was just the first instance of any major Indian corporate company’s AGM being addressed by a resolution professional)

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5) Which state again topped Niti Aayog’s School Education Quality Index rankings for year 2016-17 that were released on 30 September 2019? – Kerala (Among 20 large States in Niti Aayog’s School Education Quality Index rankings for year 2016-17, Kerala was the best performer with a score of 76.6%, while Uttar Pradesh came in last with a score of 36.4%. However, Haryana, Assam and Uttar Pradesh showed the most improvement in their performance in 2016-17, in comparison to the base year of 2015-16. Among eight small states, Manipur, Tripura and Goa bagged the top-three positions, respectively)

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