Current Affairs 2023: Current Affairs Today March 28, 2023 | Current Affairs for Competitive Exams-Watch Video

Saumya JaiswarPublish Date: 28 Mar, 2023
Current Affairs March 2023: Read below the most important current affairs for 28 March 2023. Current affairs for all competitive exams, see here.

Dilma Rousseff Elected President Of BRICS New Development Bank

Dilma Rousseff, the former president of Brazil (2011–2016), was chosen to lead the BRICS New Development Bank (NBD), a position she will serve until 2025. The term of Brazilian diplomat Marcos Prado Troyjo, who resigned from his position earlier this month, will be successfully completed by the former president of Brazil until 2025. In 2020, Troyjo assumed leadership of the BRICS NDB. Former Brazilian President Jair Bolsonaro (2019–2023) promoted Troyjo's candidature, while current Brazilian President Luiz Inácio Lula da Silva proposed Rousseff. 

Silicon Valley Bank Sold to First Citizens Bank 

First Citizens BancShares, a North Carolina family-run bank with roots dating back to the late 1800s, announced on Sunday that it would buy Silicon Valley Bank, a California lender established in the 1980s at the epicentre of the technology sector, whose explosive growth and abrupt demise this month stunned the financial world. The largest bank failure in the nation since the 2008 financial crisis occurred on March 10 when the Federal Deposit Insurance Corporation took over operation of Silicon Valley Bank after a run on its deposits rendered it insolvent.
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