Banking, Financial and Economic Awareness of 21 December 2019

By PendulumEdu | Last Modified: 24 Dec 2019 13:25 PM IST

1. 1,000 hectares of land allotted to Jaypee group cancelled

Yamuna Expressway Industrial Development Authority (YEIDA) has cancelled 1,000 hectares of land allotted to the Jaypee group over non-payment of dues.
It was allotted to Jaypee Sports Limited, which is associated with the Jaypee group.
The land has India’s only F1 motor racing circuit in Greater Noida.

From April 1, 2020, Anand Mahindra will become a non-executive chairman of M&M.
Currently, he is the executive chairman of Mahindra & Mahindra (M&M).
Pawan Goenka will be reappointed as MD (Managing Director) and CEO of M&M. He will continue from April 1, 2020, to April 1, 2021.
After April 2, 2021, Anish Shah will become MD and CEO of M&M.
Rajesh Jejurikar will also join the board of M&M as executive director.

In a $40 million deal at the starting of 2020, CRISIL may acquire US-based analytics firm Greenwich Associates LLC and its six subsidiaries.
Crisil Ltd.’s wholly-owned subsidiary, Crisil Irevna US LLC, will acquire Greenwich.
CRISIL:
- It was formerly known as Credit Rating Information Services of India Limited.
- Headquarters: Mumbai
- CEO: Ashu Suyash
- Parent organization: Standard & Poor's International

ESAF Small Finance Bank has handed over its digital banking and financial literacy tool for hearing impaired to RBI.
ESAF Small Finance Bank:
- It was earlier known as ESAF Microfinance.
- It was started as an NGO named Evangelical Social Action Forum.
- It was an RBI-licensed Non-banking Finance Company and Microfinance Institution (NBFC-MFI).
- After getting approval from RBI in December 2018, it started to function as a scheduled bank.
- Scheduled banks are banks included in the 2^nd Schedule of RBI Act, 1934.
- Headquarters: Thrissur, Kerala