Sarkari Naukri

Top Current Affairs 16 January 2022: This post contains the current affairs for 16 January 2022 that are important for competitive exams like IBPS PO and Clerk, SBI PO and Clerk, RBI Assistant and Grade B, other Insurance exams. You can also attempt our Current Affairs Quiz after reading our daily current affairs.

National

PM Narendra Modi declares January 16 as ‘National Startup Day’

• Prime Minister Narendra Modi has declared to mark January 16 as ‘National Start-up Day’.
• The announcement was made by PM Modi on January 15, 2022, via video conferencing during a week-long event “Celebrating Innovation Ecosystem” as a part of Azadi ka Amrit Mahotsav.
• The Prime Minister interacted with more than 150 startups across different sectors, during the event.

Banking & Economy

Paytm Payments Bank emerges biggest UPI beneficiary bank while SBI biggest remitter in December 2021: NPCI Data

• According to data released by the National Payments Corporation of India (NPCI), Paytm Payments Bank Ltd (PPBL) emerged as the biggest receiver of UPI amount in the October to December 2021 quarter.
  • In December 2021, PPBL received 926.17 million UPI transactions in a single month. The lender became the first beneficiary bank in the country to achieve this landmark.
  • In the October to December 2021 quarter, PPBL registered 2,507.47 million beneficiary transactions
  • PPBL was also the largest UPI beneficiary bank throughout the year (except in May 2021).
• PPBL was followed by State Bank of India (SBI) as the second-largest beneficiary bank.
  • SBI recorded 664.89 million transactions in December 2021.
• On the other hand, SBI was also adjudged as the biggest remitter of UPI amount in December 2021.

Yes Mutual Fund renamed as White Oak Capital Mutual Fund

• The name of YES Asset Management has been rechristened as WhiteOak Capital Asset Management and therefore the name of YES Mutual Fund has been changed to WhiteOak Capital Mutual Fund

• The change in the names are effective from January 12, 2022.
• In November 2021, White Oak Capital group, through its subsidiary, GPL Finance and Investments, acquired the mutual fund business, Yes Asset Management, of Yes Bank.
• The White Oak Capital group provides investment management and advisory services for Indian equity investors.