Daily Current Affairs 20 August 2026
Daily current affairs for 20 August 2026 — 19 verified news items across Tamil Nadu, International, Environment & more, with exam-angle notes, keywords and…
In this digest · 19 items
Tamil Nadu
Tamil Nadu Higher Education Minister Clarifies on Circular Against Student Protests

The Tamil Nadu Higher Education Minister stated there was no motive behind a now-withdrawn circular issued by the Higher Education Department that sought to prevent students from participating in protests organised by Left parties and the CJP. The circular had sparked controversy, with CPI(M) holding the Tamil Nadu Chief Secretary responsible for the directive. CPI(M) leader Mr. Shanmugam criticized the decision made in a meeting attended by the Chief Secretary, claiming it denied students their right to protest.
Source The Hindu
Practice MCQs
Q1 Who was held responsible by CPI(M) for the circular restricting student participation in protests in Tamil Nadu?
- ATamil Nadu Higher Education Minister
- BTamil Nadu Chief SecretaryCorrect
- CCPI(M) leader Mr. Shanmugam
- DLeft parties' leaders
Explanation CPI(M) held the Tamil Nadu Chief Secretary responsible for the circular, as stated in the source.
Q2 What was the Tamil Nadu Higher Education Minister's stance on the circular about student participation in protests?
- AHe supported the circular's motive
- BHe denied any motive behind the circularCorrect
- CHe blamed the Chief Secretary
- DHe encouraged more protests
Explanation The Minister stated there was no motive behind the circular, which was later withdrawn.
Q3 Which groups' protests were students being prevented from participating in according to the withdrawn circular?
- ABJP and Congress
- BLeft parties and CJPCorrect
- CAIADMK and DMK
- DStudent unions only
Explanation The circular sought to prevent students from participating in protests organised by Left parties and the CJP.
International
India and Japan Sign Pact to Enhance Maritime Security Cooperation

On August 20, 2026, India and Japan signed a maritime security pact to deepen their defence cooperation. The agreement provides a framework to advance collaboration in maritime security between the two countries. Defence Minister Rajnath Singh, during bilateral talks with Japanese Defence Minister Shinjiro Koizumi, welcomed Japan's recent review of its defence equipment and technology transfer framework, signaling stronger strategic ties in the Indo-Pacific region.
Source The Hindu
Practice MCQs
Q1 What is the main purpose of the maritime security pact signed between India and Japan in 2026?
- ATo enhance cooperation in maritime securityCorrect
- BTo establish a free trade agreement
- CTo jointly develop nuclear energy
- DTo promote cultural exchanges
Explanation The pact provides a framework to advance cooperation between India and Japan in maritime security.
Q2 Which Indian official welcomed Japan's review of its defence equipment and technology transfer framework?
- APrime Minister Narendra Modi
- BDefence Minister Rajnath SinghCorrect
- CExternal Affairs Minister S. Jaishankar
- DHome Minister Amit Shah
Explanation Defence Minister Rajnath Singh welcomed Japan's recent review of its defence equipment and technology transfer framework during bilateral talks.
Q3 Who was the Japanese Defence Minister involved in the bilateral talks with India in 2026?
- AFumio Kishida
- BShinjiro KoizumiCorrect
- CTaro Kono
- DYoshihide Suga
Explanation Japanese Defence Minister Shinjiro Koizumi participated in the bilateral talks with India's Defence Minister.
Pilot Killed in Midair Collision Between Small Plane and Pennsylvania Police Helicopter

A midair collision occurred near Carlisle Regional Airport, Pennsylvania, involving a Cessna 150 small plane and a Bell 407 police helicopter. The incident resulted in the death of the small plane's pilot. Both pilots managed to escape the wreckage. The Federal Aviation Administration (FAA) and the National Transportation Safety Board (NTSB) are investigating the crash, which took place about 170 kilometers northwest of Philadelphia.
Source Livemint
Practice MCQs
Q1 What type of aircraft were involved in the midair collision near Carlisle Regional Airport?
- AA Cessna 150 and a Bell 407 helicopterCorrect
- BTwo Bell 407 helicopters
- CA Boeing 737 and a Cessna 150
- DTwo Cessna 150 planes
Explanation The collision involved a Cessna 150 small plane and a Bell 407 police helicopter.
Q2 Who is investigating the midair collision near Carlisle Regional Airport?
- AFederal Aviation Administration and National Transportation Safety BoardCorrect
- BCarlisle Police Department
- CFederal Bureau of Investigation
- DNational Aeronautics and Space Administration
Explanation The FAA and NTSB are investigating the incident.
Q3 What was the outcome for the pilots involved in the collision?
- AThe small plane's pilot was killed; both pilots escaped the wreckageCorrect
- BBoth pilots were killed
- CBoth pilots were unharmed
- DThe helicopter pilot was killed; the small plane pilot escaped
Explanation The small plane's pilot was killed, but both pilots managed to escape the wreckage.
Kenya Helicopter Crash Kills Ecuador Intel Chief and Five Americans

A helicopter crash in Kenya resulted in the deaths of seven people, including Ecuador's national intelligence chief Michele Sensi-Contugi and his wife, as well as five Americans. Among the victims was a senior executive at Telemundo. The incident has been described as an international tragedy. Ecuador's Transport Minister Roberto Luque confirmed the fatalities.
Source The Hindu
Practice MCQs
Q1 Who was among the victims in the Kenya helicopter crash?
- AEcuador's national intelligence chief and five AmericansCorrect
- BKenyan President and three Americans
- CEcuador's Transport Minister and two Americans
- DFive Ecuadorians and a Kenyan official
Explanation The crash killed Ecuador's national intelligence chief Michele Sensi-Contugi and five Americans.
Q2 Which organization did one of the victims in the Kenya helicopter crash work for?
- ABBC
- BTelemundoCorrect
- CCNN
- DAl Jazeera
Explanation A senior executive at Telemundo was among those killed in the crash.
Q3 Who confirmed the fatalities in the Kenya helicopter crash?
- AKenyan President
- BEcuador’s Transport Minister Roberto LuqueCorrect
- CUS Secretary of State
- DKenyan Transport Minister
Explanation Ecuador’s Transport Minister Roberto Luque confirmed the deaths of the intelligence chief and others.
David Morens, Former Fauci Adviser, Pleads Guilty to Concealing COVID-19 Records

David Morens, a 78-year-old former senior official at the National Institute of Allergy and Infectious Diseases (NIAID) who worked under Dr. Anthony Fauci during the COVID-19 pandemic, pleaded guilty to a conspiracy charge for concealing COVID-19 research records. The plea was entered in federal court in Greenbelt, Maryland. Morens is scheduled to be sentenced on November 12 and faces a maximum prison sentence of five years.
Source Livemint
Practice MCQs
Q1 What charge did David Morens plead guilty to in federal court?
- AConspiring to conceal COVID-19 research recordsCorrect
- BFraud related to vaccine distribution
- CObstruction of justice in pandemic response
- DMisuse of government funds
Explanation David Morens pleaded guilty to a conspiracy charge for concealing COVID-19 research records.
Q2 Where did David Morens enter his guilty plea?
- AFederal court in Greenbelt, MarylandCorrect
- BSupreme Court of the United States
- CDistrict Court in New York
- DFederal court in Los Angeles
Explanation The guilty plea was entered in federal court in Greenbelt, Maryland.
Q3 What is the maximum prison sentence David Morens faces?
- AFive yearsCorrect
- BTen years
- CTwo years
- DLife imprisonment
Explanation David Morens faces a maximum sentence of five years in prison.
UAE Accuses Iran of Firing Ballistic Missiles; Iran Denies Allegations

The United Arab Emirates has accused Iran of firing two ballistic missiles at its territory, escalating tensions in the West Asia region. Iran categorically rejected the UAE's claim, stating that the accusation is harmful to regional trust and security efforts. This development highlights ongoing conflicts and security concerns in the area, with both nations maintaining opposing stances on the missile incident.
Source The Hindu
Practice MCQs
Q1 Which country accused Iran of firing ballistic missiles at its territory in August 2026?
- AUnited Arab EmiratesCorrect
- BSaudi Arabia
- CQatar
- DOman
Explanation The United Arab Emirates accused Iran of firing two ballistic missiles at its territory.
Q2 How did Iran respond to the UAE's accusation of missile firing?
- AAdmitted and apologized
- BCategorically rejected the claimCorrect
- CIgnored the accusation
- DDeclared war on UAE
Explanation Iran categorically rejected the UAE's claim, calling it harmful to regional trust and security efforts.
Q3 What did Iran say about the impact of the UAE's missile accusation?
- AIt would strengthen regional security
- BIt would harm regional trust and security effortsCorrect
- CIt would lead to economic sanctions
- DIt would improve diplomatic relations
Explanation Iran stated that the accusation is harmful to regional trust and security efforts.
Environment
India's Reservoir Storage Deficit Narrows Amid Persistent Water Stress

Recent monsoon rainfall has helped replenish India's water reservoirs, leading to a narrowing of the storage deficit. However, reservoir storage levels remain below those of the previous year across most regions. This ongoing deficit continues to exert pressure on irrigation, rabi crop sowing, and hydropower generation, indicating persistent water stress despite the improved rainfall.
Source Livemint
Practice MCQs
Q1 What recent change has helped narrow India's reservoir storage deficit?
- ARevival in monsoon rainfallCorrect
- BIncreased groundwater extraction
- CConstruction of new dams
- DGovernment water conservation policies
Explanation The revival in monsoon rainfall has replenished reservoirs, helping to narrow the storage deficit.
Q2 Despite the narrowing deficit, what remains below last year's levels across most regions?
- AReservoir storage levelsCorrect
- BGroundwater levels
- CRainfall amounts
- DHydropower capacity
Explanation Reservoir storage levels remain below last year's levels across most regions.
Q3 Which sectors are under pressure due to the ongoing reservoir storage deficit?
- AIrrigation, rabi sowing, and hydropower generationCorrect
- BUrban water supply and fisheries
- CIndustrial water use and tourism
- DTransportation and mining
Explanation The deficit is putting pressure on irrigation, rabi sowing, and hydropower generation.
Vantara Pledges No Imports of Big Cats and Great Apes for Wildlife Protection

Vantara has committed to a voluntary pledge under CITES to stop importing big cats and great apes. The company will focus more on in situ conservation, which means protecting and conserving wildlife within their natural habitats. This move aims to strengthen wildlife protection efforts by emphasizing habitat preservation rather than relying on imports.
Source Livemint
Practice MCQs
Q1 What voluntary pledge has Vantara made under CITES regarding wildlife?
- ATo stop importing big cats and great apesCorrect
- BTo increase imports of endangered species
- CTo focus on captive breeding programs
- DTo ban all wildlife trade globally
Explanation Vantara pledged to stop importing big cats and great apes as part of its voluntary CITES commitment.
Q2 What conservation approach will Vantara emphasize following its pledge?
- AIn situ conservationCorrect
- BEx situ conservation
- CCaptive breeding
- DWildlife trade regulation
Explanation Vantara will place greater emphasis on in situ conservation, which protects wildlife in their natural habitats.
National
Jharkhand High Court stays cancellation of JPSC exams, protects appointments

The Jharkhand High Court has stayed the Hemant Soren-led state government's order to cancel the 11th to 13th Jharkhand Public Service Commission (JPSC) exams. This interim order provides relief to around 450 candidates who were newly appointed based on these exams. The court issued the stay while hearing petitions filed by these candidates challenging the government's decision. The state government has been directed to submit its response to the court by 15 September.
Source Livemint
Practice MCQs
Q1 What action did the Jharkhand High Court take regarding the JPSC exams?
- AStayed the cancellation of the 11th to 13th JPSC examsCorrect
- BUpheld the government's decision to scrap the exams
- COrdered re-examination of all candidates
- DDirected immediate appointment of new candidates
Explanation The Jharkhand High Court stayed the cancellation of the 11th to 13th JPSC exams as per the interim order.
Q2 How many candidates received relief due to the Jharkhand High Court's interim order?
- AAround 450 candidatesCorrect
- BMore than 1000 candidates
- CAbout 200 candidates
- DNo candidates received relief
Explanation The interim order provided relief to around 450 candidates who were newly appointed based on the exams.
Q3 By what date did the Jharkhand High Court direct the state government to submit its response?
- A15 SeptemberCorrect
- B31 August
- C1 October
- D20 August
Explanation The court directed the state government to submit its response by 15 September.
Supreme Court Upholds New Definition of 'Industry' Under Industrial Relations Code

On August 20, 2026, the Supreme Court of India ruled that the term 'industry' under the Industrial Relations Code, 2020, will be interpreted in its own text and context. This decision overturns the 1978 precedent which had allowed workers across various jobs to seek legal recourse, including collective bargaining, against unfair labour practices. The new interpretation aligns with the Industrial Relations Code, marking a significant shift in labour law jurisprudence.
Source The Hindu
Practice MCQs
Q1 What did the Supreme Court rule regarding the definition of 'industry' under the Industrial Relations Code, 2020?
- AIt should be interpreted in its own text and contextCorrect
- BIt should follow the 1978 precedent favoring workers
- CIt should exclude collective bargaining rights
- DIt should be decided by individual states
Explanation The Supreme Court ruled that 'industry' under the Industrial Relations Code will be interpreted in its own text and context, overturning the 1978 precedent.
Q2 What was the significance of the 1978 precedent that the Supreme Court overturned?
- AIt limited workers' rights to collective bargaining
- BIt enabled workers in various jobs to seek legal recourse against unfair labour practicesCorrect
- CIt defined 'industry' narrowly to exclude many sectors
- DIt was related to environmental regulations
Explanation The 1978 precedent had enabled workers employed in a wide range of jobs to have legal recourse, including collective bargaining, against unfair labour practices.
Q3 When did the Supreme Court deliver the ruling on the definition of 'industry' under the Industrial Relations Code?
- AAugust 20, 2026Correct
- BAugust 20, 2025
- CJanuary 1, 2026
- DDecember 31, 2025
Explanation The Supreme Court delivered the ruling on August 20, 2026.
Cabinet Approves ₹13,041 Crore Rail and Highway Projects Across Four States

The Union Cabinet has approved rail and highway projects worth ₹13,041 crore to enhance connectivity and reduce congestion. Four rail projects will add 410 km to the network across West Bengal, Odisha, Tamil Nadu, and Andhra Pradesh, aiming to decongest the Howrah-Chennai route. Additionally, a four-lane highway project in Bihar will improve travel efficiency by cutting travel time between Muzaffarpur and Sonbarsa.
Source Livemint
Practice MCQs
Q1 How many kilometers of rail network will be added by the four approved rail projects?
- A310 km
- B410 kmCorrect
- C510 km
- D610 km
Explanation The four rail projects will add 410 km to the network across West Bengal, Odisha, Tamil Nadu, and Andhra Pradesh.
Q2 Which highway project was approved by the Cabinet to reduce travel time in Bihar?
- AFour-lane highway between Muzaffarpur and SonbarsaCorrect
- BSix-lane highway between Patna and Gaya
- CFour-lane highway between Muzaffarpur and Patna
- DSix-lane highway between Sonbarsa and Darbhanga
Explanation A four-lane highway in Bihar was approved to cut travel time between Muzaffarpur and Sonbarsa.
Q3 What is the total estimated cost of the rail and highway projects approved by the Cabinet?
- A₹10,041 crore
- B₹11,041 crore
- C₹12,041 crore
- D₹13,041 croreCorrect
Explanation The Cabinet approved rail and highway projects worth ₹13,041 crore.
SpiceJet and Aviator ML fined ₹15 lakh each for wasting NCLT's time

The National Company Law Tribunal (NCLT) deferred its order on SpiceJet's insolvency pleas after the airline disclosed a last-minute settlement with an aircraft lessor. This settlement led to the withdrawal of one of the eight petitions against SpiceJet, requiring the NCLT to rewrite its judgment. As a result, both SpiceJet and Aviator ML were fined ₹15 lakh each for wasting the tribunal's time.
Source The Hindu
Practice MCQs
Q1 Why did the National Company Law Tribunal defer its order on SpiceJet's insolvency pleas?
- ABecause SpiceJet disclosed a last-minute settlement with an aircraft lessorCorrect
- BDue to SpiceJet's failure to appear in court
- CBecause Aviator ML requested more time
- DDue to a technical error in the petitions
Explanation The NCLT deferred its order after SpiceJet disclosed a settlement with an aircraft lessor on the day the order was due.
Q2 What penalty was imposed on SpiceJet and Aviator ML for wasting NCLT's time?
- A₹10 lakh each
- B₹15 lakh eachCorrect
- C₹20 lakh each
- DNo penalty was imposed
Explanation Both SpiceJet and Aviator ML were fined ₹15 lakh each for wasting the tribunal's time.
Q3 How many petitions against SpiceJet were initially covered in the NCLT judgment before the settlement?
- AFive
- BSix
- CSeven
- DEightCorrect
Explanation The NCLT had prepared a judgment covering eight petitions against SpiceJet before one was withdrawn due to the settlement.
Economy
Indian Rupee Shows Mixed Movement Against US Dollar Amid Dollar Weakness

On August 20, 2026, the Indian rupee exhibited mixed performance against the US dollar. In early trade, it rose by 17 paise to 95.56, supported by a weaker US dollar, as indicated by the dollar index trading lower at 98.82. However, by the end of the day, the rupee settled almost flat, higher by just 3 paise at 95.70. Forex traders noted that despite the dollar's weakness easing depreciation pressure, crude oil prices remaining above $90 continue to exert pressure on India's import bill.
Source The Hindu
Practice MCQs
Q1 What was the closing value of the Indian rupee against the US dollar on August 20, 2026?
- A95.56
- B95.70Correct
- C98.82
- D90.00
Explanation The rupee settled higher by 3 paise at 95.70 against the US dollar as per the closing data.
Q2 Which factor was mentioned as continuing to pressure India's import bill despite the rupee's strength?
- AWeaker US dollar
- BCrude oil prices above $90Correct
- CLower dollar index
- DRupee depreciation
Explanation Crude oil prices hovering above $90 were noted to keep pressure on India's import bill.
Q3 What was the status of the dollar index on August 20, 2026?
- ATrading higher at 99.00
- BTrading lower at 98.82Correct
- CStable at 95.70
- DNot mentioned
Explanation The dollar index was trading lower at 98.82, indicating a weaker US dollar.
Sensex and Nifty Decline for Consecutive Days Amid Rising Crude Oil Prices

The BSE Sensex and NSE Nifty have experienced consecutive declines due to rising crude oil prices. On August 18, 2026, the Sensex fell by 492.70 points (0.63%) to 77,235.46, marking the sixth consecutive day of decline for the Nifty, which dropped 132.75 points (0.55%) to 24,154.90. The following day, August 19, the Sensex continued its downward trend, falling 325.78 points (0.42%) to 76,909.68, registering its fourth day of decline. During the day, it dropped as much as 412.57 points (0.53%) to 76,822.89. These declines reflect investor unease over rising crude oil prices.
Source The Hindu
Practice MCQs
Q1 What was the reason for the consecutive decline in Sensex and Nifty in August 2026?
- ARising crude oil pricesCorrect
- BGovernment policy changes
- CForeign investment inflows
- DCorporate earnings growth
Explanation The decline in Sensex and Nifty was due to rising crude oil prices, which unnerved investors.
Q2 By how many points did the BSE Sensex fall on August 18, 2026?
- A325.78 points
- B412.57 points
- C492.70 pointsCorrect
- D132.75 points
Explanation On August 18, 2026, the Sensex fell by 492.70 points.
Q3 What was the closing value of the BSE Sensex on August 19, 2026?
- A77,235.46
- B76,909.68Correct
- C76,822.89
- D24,154.90
Explanation The Sensex closed at 76,909.68 on August 19, 2026.
Nikhil Kamath invests ₹200 crore in Indian data centre firm CtrlS

CtrlS, an Indian data centre company, received a total investment of ₹250 crore from investors including Nikhil Kamath and Sreeram Reddy Vanga. The funding aims to help CtrlS expand its infrastructure to meet the growing demand for AI and cloud services in India. Nikhil Kamath emphasized the importance of data centres in supporting significant technological shifts.
Source Livemint
Practice MCQs
Q1 Who invested ₹200 crore in the Indian data centre company CtrlS?
- ANikhil KamathCorrect
- BSreeram Reddy Vanga
- CBoth Nikhil Kamath and Sreeram Reddy Vanga
- DNeither
Explanation Nikhil Kamath invested ₹200 crore in CtrlS, as stated in the source.
Q2 What is the primary reason for CtrlS expanding its infrastructure?
- ARising demand for AI and cloud servicesCorrect
- BGovernment mandate
- CCompetition from foreign firms
- DDecline in traditional data storage
Explanation CtrlS is expanding its infrastructure due to rising demand for AI and cloud services.
Q3 How much total funding did CtrlS secure from Nikhil Kamath and Sreeram Reddy Vanga?
- A₹200 crore
- B₹250 croreCorrect
- C₹150 crore
- D₹300 crore
Explanation CtrlS secured ₹250 crore from Nikhil Kamath and Sreeram Reddy Vanga.
Marvell Shares Surge 12% as Google Eyes $12.2 Billion Stake

Marvell's shares rose by 12% following Google's acquisition of the right to purchase up to $12.2 billion worth of shares as part of an expanded AI chip agreement. This move highlights Google's significant investment in AI chip technology through Marvell.
Source Livemint
Practice MCQs
Q1 What caused Marvell's shares to jump by 12%?
- AGoogle secured the right to buy up to $12.2 billion in sharesCorrect
- BMarvell launched a new AI chip
- CGoogle acquired Marvell completely
- DMarvell announced a merger with another company
Explanation Marvell shares surged 12% after Google secured the right to buy up to $12.2 billion in shares under an expanded AI chip deal.
Q2 What is the value of the stake Google secured the right to buy in Marvell?
- A$1.2 billion
- B$12.2 billionCorrect
- C$22 billion
- D$2.2 billion
Explanation Google secured the right to buy up to $12.2 billion in shares as part of the AI chip deal with Marvell.
Q3 The investment by Google in Marvell is primarily related to which technology?
- ARenewable energy
- BAI chip technologyCorrect
- CCloud computing
- DMobile applications
Explanation The deal involves an expanded AI chip agreement, indicating the investment is related to AI chip technology.
Sports
India Defeats Pakistan 5-3 to Qualify for Next Round in Hockey World Cup 2026

In the Hockey World Cup 2026, India defeated Pakistan with a score of 5-3, securing their place in the next round of the tournament. Harmanpreet Singh contributed significantly by converting two penalty corners, while Abhishek also scored twice. The Indian team maintained control throughout the match, with only a brief challenging period in the second quarter. This victory was crucial for India to advance from Pool D.
Source The Hindu
Practice MCQs
Q1 What was the final score when India defeated Pakistan in the Hockey World Cup 2026 match?
- A5-3Correct
- B4-2
- C3-1
- D6-4
Explanation India defeated Pakistan with a final score of 5-3 as reported in the sources.
Q2 Which Indian player scored two penalty corners in the Hockey World Cup 2026 match against Pakistan?
- AHarmanpreet SinghCorrect
- BAbhishek
- CFulton
- DManpreet Singh
Explanation Harmanpreet Singh converted two penalty corners during the match.
Q3 What was the significance of India's victory over Pakistan in the Hockey World Cup 2026?
- AIndia qualified for the next roundCorrect
- BIndia won the tournament
- CIndia hosted the next match
- DIndia lost the next round
Explanation India's win ensured their qualification to the next round of the Hockey World Cup 2026.
India's Men's and Women's Hockey Teams Secure Big Wins in World Cup

In the 2026 Hockey World Cup, India's men's team defeated Pakistan 5-3, while the women's team achieved a commanding 6-1 victory over South Africa. The women's team's win is their biggest in the tournament and has placed them at the top of their pool table. They now require only a draw against England in their final pool game to advance to the second round.
Source The Hindu
Practice MCQs
Q1 What was the result of the Indian women's hockey team against South Africa in the 2026 Hockey World Cup?
- AIndia won 6-1Correct
- BIndia lost 1-6
- CMatch ended in a draw
- DIndia won 5-3
Explanation The Indian women's hockey team defeated South Africa 6-1, marking their biggest win in the tournament.
Q2 Which team did the Indian men's hockey team defeat 5-3 in the 2026 Hockey World Cup?
- ASouth Africa
- BEngland
- CPakistanCorrect
- DChina
Explanation India's men's hockey team beat Pakistan 5-3 in the World Cup.
Q3 What does the Indian women's hockey team need in their final pool game against England to advance to the second round?
- AA win
- BA drawCorrect
- CA loss
- DNo match is scheduled
Explanation The women's team needs only a draw against England in their final pool game to seal a spot in the second round.
Banking
IDFC First Bank Raises $500 Million Through Maiden International Bonds

IDFC First Bank has successfully raised $500 million through its maiden international bond issuance. The bonds, issued via the bank's IFSC Banking Unit at GIFT City, have a tenure of three years and carry a fixed coupon rate of 5.625%. These senior notes were placed with investors outside the US under Regulation S format. This issuance marks the bank's first international bond offering and enhances its access to global debt capital markets.
Source BusinessLine
Practice MCQs
Q1 What is the tenure of the bonds issued by IDFC First Bank in its maiden international bond offering?
- AOne year
- BTwo years
- CThree yearsCorrect
- DFive years
Explanation The bonds issued by IDFC First Bank have a tenure of three years as stated in the sources.
Q2 What is the fixed coupon rate of the $500 million bonds issued by IDFC First Bank?
- A4.5%
- B5.625%Correct
- C6.75%
- D7%
Explanation The bonds carry a fixed coupon rate of 5.625% according to the information provided.
Q3 Through which unit did IDFC First Bank issue its maiden international bonds?
- AMumbai Branch
- BIFSC Banking Unit at GIFT CityCorrect
- CNew Delhi Office
- DChennai Branch
Explanation The bonds were issued through the bank's IFSC Banking Unit at GIFT City.
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