Banking, Finance & Economy Current Affairs Quiz – November 23, 2022

Notes:
India has become LinkedIn’s fastest-growing market as more companies and advertisers come online, with sales in the country rising at a 50% year-on-year clip. LinkedIn is a “The Microsoft” owned business networking service company.

Notes:
Government has decided to provide longer tenure to Managing Director and other whole-time directors of the public sector banks. Now the appointment can be made initially for up to 5 years, which can be extended for the 5 more years. The amendment would be called Nationalised Banks (Management and Miscellaneous Provisions) Amendment Scheme, 2022.

Notes:
HDFC Capital, in its second Housing and Affordable Real Estate and Technology (H@ART) Summit, selected 10 start-ups for funding. The 2nd HDFC Capital HART Summit was held in Mumbai, Maharashtra. It launched the HDFC Real Estate Tech Innovators 2022 challenge, in which more than 537 start-ups participated.

Notes:
The eighth India-Norway Joint Working Group Maritime Meeting was held in Mumbai, Maharashtra. The Additional Secretary, Ministry of Ports, Shipping, and Waterways (India), Rajesh Kumar Sinha, and the Minister of Trade, Industries, and Fisheries (Norway), Ottar Ostnes, were the co-chairpersons of the 8th India-Norway Joint Working Group Maritime Meeting.

Notes:
The SoftBank Group Corporation sold 4.5% of its stake in the owner of the Paytm payments app, One97 Communications Ltd. SoftBank Group Corporation sold 29.4 million shares (4.5% of the company) for USD 200 million. The shares were sold via an open market transaction at a closing price of INR 601.30. The Bank of America led the sale transactions that follow the end of the 1-year obligatory lock-in for pre-IPO investors in Paytm.