i. Germany has lifted their maiden Confederation Cup Football title. In the final played at St Petersburg, the four-time World Cup winners defeated Chile by a solitary goal. Lars Stindl put Germany ahead in the first half against the run of play, and Germany then held on to the lead.

ii. Earlier, in the third-place play-off match in Moscow, Portugal defeated Mexico 2-1. The match was held at the Krestovsky Stadium in Saint Petersburg, Russia.


Important Takeaways from above News-

● The capital of Germany is Berlin.

● The Confederation Cup originally organised by and held in Saudi Arabia and called the King Fahd Cup.

i. Rajkiran Rai G has been assumed charge as Managing Director & CEO of Union Bank of India. Prior to his elevation as MD & CEO of Union Bank of India, Rai was Executive Director of Oriental Bank of Commerce. He started his career in 1986 as an Agricultural Finance Officer in Central Bank of India. Rai has been appointed by the government to head Union Bank of India for a period of three years from the date of his taking over charge of the post or until further orders, whichever is earlier, according to a finance ministry notification.

ii. Melwyn Rego has been assumed charge as Managing Director & CEO of Syndicate Bank. Prior to joining Syndicate Bank, Rego was MD & CEO of Bank of India. He started his career with IDBI Bank Ltd in 1984 and rose to the position of Deputy Managing Director. Rego will be at the helm of the bank till the remainder of the term up to August 13, 2018, according to a finance ministry notification.


Important Takeaways from above News-

● Headquarters of Union Bank of India is in Mumbai.

● The Tagline of Union Bank of India is "good people to bank with".

● Headquarters of Syndicate Bank of India is in Manipal, Karnataka.

i. The Prime Minister Narendra Modi has released a photo book titled "President Pranab Mukherjee - A Statesman", at an event in Rashtrapati Bhawan. He presented the first copy of the book to the President.

ii. The book is a comprehensive photographic record of India's 13th president. It covers Mukherjee's presidency and documents his various roles, the statement said. Union ministers Arun Jaitley, Prakash Javadekar and Vijay Goel besides BJP veteran L K Advani were also present on the occasion.

i. The Serbian parliament voted in Ana Brnabic, an openly gay woman, as the country's prime minister in a landmark move for the patriarchal conservative country and the entire Balkans region. The 41-year old Brnabic and her cabinet were backed by 157 MPs in the 250-seat parliament after being proposed by President Aleksandar Vucic.

ii. Brnabic becomes Serbia's first female prime minister and the first openly gay premier in the Balkans, where homophobia remains widespread. Serbia is home to about seven million people, most of them Orthodox Christians.


Important Takeaways from above News-

● Belgrade is the capital of Serbia.

● Serbian dinar is the currency of Serbia.

i. FINO Payments Bank has commenced operations as a payments bank with effect from 30th June 2017 according to the Reserve Bank of India. FINO PayTech Ltd, Navi Mumbai, was one of the 11 applicants which were issued the in-principle approval for setting up a payments bank.

ii. Besides FINO, the other applicants which have launched payment bank operations are Airtel M Commerce Services, Department of Posts and Paytm Payments Bank.


Important Takeaways from above News-

● Fino Paytech was founded on 13th July 2006 is headquartered at Mumbai, with offices across India.

● The payments bank will be registered as a public limited company under the Companies Act, 2013 and licensed under Section 22 of the Banking Regulation Act, 1949.