27th June 2020 Daily GK Update: Read Daily GK, Current Affairs for Bank Exam

Here is the daily GK update of 27th June 2020 covering the following news headlines: Maha Parwana, UDMA, Yes Bank, IMF, Swiss banks.

Daily GK updates are incorporated with the important news that made the current affairs headlines for banking or other competitive exams. Daily GK Update is the complete bag of the important news that held all day long. One should have complete knowledge about the banking terms, current affairs news, etc. So, here is the GK update of 27th June 2020 to help you prepare the Current affairs part. After reading this section, you can successfully attempt Current Affairs Quiz.

State News

1. Maharashtra Govt introduced “Maha Parwana” plan to boost investment

Maharashtra State Government has introduced “Maha Parwana” plan to attract fresh investment in industries. This plan will offer incentives and a single-window clearance system.

Important takeaways for all competitive exams:

  • Chief Minister of Maharashtra: Uddhav Thackeray; Governor: Bhagat Singh Koshyari.

Banking News

2. Yes Bank partners with UDMA to launch ‘Yuva Pay’ mobile app

Yes Bank has partnered with UDMA Technologies to launched its digital wallet solution ‘Yuva Pay’ mobile app. Through this app, the bank enables contactless payments for its customers. With the help of the app, customers can pay their utility bills (including municipal, house, water tax, electricity, LPG, DTH, Mobile bill, license fees), make insurance renewals, FASTag recharges, EMI payments, and use the app to make payments at retail outlets.

Important takeaways for all competitive exams:

  • Yes Bank Headquarters: Mumbai, Maharashtra.
  • Yes Bank MD & CEO: Prashant Kumar.
  • Yes Bank Tagline: Experience our Expertise.

Business News

3. Sachin Bansal’s startup “Navi” launches new instant lending app

Flipkart co-founder Sachin Bansal’s financial services startup “Navi” has launched a mobile app ” Navi lending” to provide instant personal loans targeted at consumers in the middle-income segment.

Important takeaways for all competitive exams:

  • Navi headquarters: Bengaluru, Karnataka.
  • Navi established: 2018.

Ranks and Reports

4. India slips down at 77th place in accounting money in Swiss banks

Swiss National Bank (SNB) has released ‘Annual banking statistics, 2019’. According to the latest SNB data, India has moved down three places to 77th rank in terms of money parked by its citizens. However, many neighbouring countries are below India in the list. Among them, Pakistan is ranked 99th, Bangladesh 85th, Nepal 118th, Sri Lanka 148th, Myanmar 186th and Bhutan 196th. India-based branches, accounting for just about 0.06 per cent of the aggregate funds parked by all foreign clients of Switzerland-based banks. While Britain holds the first place in this list with a share of 27 % of the total deposits.

Important takeaways for all competitive exams:

  • Swiss National Bank (SNB) Headquarters: Zurich, Switzerland.
  • Swiss National Bank (SNB) Chairman: Thomas Jordan.

Science and Technology

5. NASA headquarters to be renamed for Mary W. Jackson

NASA has announced that its headquarters in Washington, D.C., will be named after Mary W. Jackson, one of its history-making engineers. The information was passed by NASA Administrator Jim Bridenstine.

Important takeaways for all competitive exams:

  • Headquarters of NASA: Washington D.C., United States.

Sports News

6. Australia and New Zealand named as hosts of FIFA Women’s World Cup 2023

The FIFA Women’s World Cup 2023™ will be hosted by Australia and New Zealand. The joint offer put together by Football Federation Australia and New Zealand Football got 22 of the 35 substantial votes cast by the FIFA Council individuals in the first voting form, with the Colombian Football Association having acquired 13 votes.

Important takeaways for all competitive exams:

  • Headquarters of FIFA: Zürich, Switzerland.
  • President of FIFA Gianni Infantino.

7. Rahul Dravid beats Sachin Tendulkar in Wisden India’s poll

According to a poll conducted by Wisden India, Rahul Dravid is the greatest Indian Test batsman of all time. Dravid beats Sachin Tendulkar by a narrow margin of votes in the final round of voting. Dravid got 52 per cent of the votes, with as many as 11,400 fans participating within the final round of voting. Dravid saw off Tendulkar within the final round of the voting by a narrow margin despite trailing at 42 per cent.

Important Days

8. Micro-, Small and Medium-sized Enterprises Day: 27 June

Micro-, Small and Medium-sized Enterprises Day is observed globally on 27th June every year since 2017. This day is observed by the United Nations to raise public awareness of their contribution to sustainable development and the global economy. Micro, small and Medium-sized businesses celebrate this day in recognition of their work in local and global economies. These enterprises, which generally employ fewer than 250 persons, are the backbone of most economies worldwide.

Important takeaways for all competitive exams:

  • International Society for Small and Medium Enterprises Headquarters: New Delhi.

Obituaries News

9. Vir Chakra awardee Sqn. Ldr. Parvez Jamasji passes away

Vir Chakra awardee, Sqn Ldr (retd) Parvez Jamasji passed away. He was commissioned in 1965 and retired in 1985. He was awarded the Vir Chakra for gallantry during the 1971 Indo-Pakistan war. During the operations against Pakistan in December 1971, Flight Lieutenant Parvez Rustom Jamasji was serving with a helicopter unit. His Helicopter flown by him was attacked twice by machine gun and twice by mortars.

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