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Weekly Current Affairs October 2018 - Week IV

Weekly Current Affairs October 2018 - Week IV

Banking and Financial Awareness:

  • IDFC Bank proposed to change its name to 'IDFC First Bank Ltd' for its amalgamation with the non-banking financial company Capital First.
  • Fino Payments Bank, has been allowed to open new accounts by RBI.
  • For enhancing climate resilience for millions of people living in India's coastal communities, UN-backed fund Green Climate Fund (GCF) has approved US $43.4 million.


  • Sahle-Work Zewde appointed as first-ever female President of Ethiopia.
  • Satish K Gupta Appointed as MD & CEO of Paytm Payments Bank.

Honour, Awards and Ranks

  • A 23-year old Indian scientist, Roopam Sharma, won the World Health Summit Startup award, 2018 for his invention, Manovue – the world’s first intelligent personal assisting system for the visually impaired.
  • Bharat Earth Movers Limited (BEML), received the prestigious ‘Top Challengers Award 2018’ for the excellent performance during the financial year 2017-18.
  • For the contribution to international cooperation and fostering global economic growth, Narendra Modi has been conferred with the Seoul Peace Prize for 2018.
  • Invest India’ initiative of the Union Government won the top United Nations Investment Promotion Award in recognition of its efforts to boost investments in the renewable energy sector in India.
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