Current affairs 5th November

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In today’s article you will read about:
1 . Dinkar Asthana appointed as the next Ambassador of India to Lao People’s Democratic Republic
2 . Reliance received India’s 1st LC Payment via Blockchain
3 . Vikas appointed as CEO of Swadhaar Finserve
4 . Subhankar Dey Won SaarLorLux Open Badminton Tournament
5 . Banks allowed to invest in NBFC bonds to support raising money

Dinkar Asthana appointed as the next Ambassador of India to Lao People’s Democratic Republic :

He is an Indian Foreign Service Officer (IFS) of the 1990 batch. Currently, he is Additional Secretary in the Ministry of External Affairs. He has been appointed as the next Ambassador of India to Lao People’s Democratic Republic.

Reliance received India’s 1st LC Payment via Blockchain :

In a first for India, HSBC Holdings Plc has executed a trade finance transaction using blockchain for an export by Reliance Industries Ltd (RIL) to US-based Tricon Energy. The blockchain-enabled letter of credit (LC) transaction substantially reduced the time taken for such deals.

Vikas appointed as CEO of Swadhaar Finserve :

Private sector lender RBL Bank appointed Vikas Muttoo as the Chief Executive Officer (CEO) of its subsidiary Swadhaar Finserve. Vikas Muttoo was the Chief Business Officer of Bharat Financial Inclusion Limited. The headquarters of Swadhaar Finserve is in Mumbai, Maharashtra.

Subhankar Dey Won SaarLorLux Open Badminton Tournament  :

In Badminton, Subhankar Dey has won the SaarLorLux Open at Saarbrucken in Germany. In the summit clash, the unseeded Indian defeated fifth-placed Rajiv Ouseph of Britain, in straight games, in what was the first encounter between the two shuttlers.

Banks allowed to invest in NBFC bonds to support raising money :

RBI allowed banks to support bonds sold by non-banking finance/housing companies. According to the permit, it allowed banks to provide partial credit enhancement (PCE) to bonds issued by the systemically important non-deposittaking non-banking financial companies (NBFC-ND-SIs) registered with the Reserve Bank of India and Housing Finance Companies (HFCs)registered with National Housing Bank.