Current Affairs - Banking

Why Current Affairs Banking?

In this section you can learn and practice Current Affairs Questions based on "Banking" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

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IndiaBIX provides you lots of fully solved Current Affairs (Banking) questions and answers with Explanation. Solved examples with detailed answer description, explanation are given and it would be easy to understand. All students, freshers can download Current Affairs Banking quiz questions with answers as PDF files and eBooks.

Where can I get Current Affairs Banking Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Current Affairs Banking questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

How to solve Current Affairs Banking problems?

You can easily solve all kind of Current Affairs questions based on Banking by practicing the objective type exercises given below, also get shortcut methods to solve Current Affairs Banking problems.

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
1. 

Which bank launches global customer service centre in Kochi?

A. Canara Bank
B. ICICI
C. SBI
D. Axis

Answer: Option C

Explanation:

State Bank of India has launched its Global NRI Centre (GNC) in Kochi, a one-stop customer service point for all NRI banking-related activities. Through its GNC, SBI aims to centralise operations which are currently spread across 16 circles, 92 NRI branches in 66 different locations and several NRI-intensive branches. SBI has a strong NRI customer base of over 33 lakh as on January 31.

2. 

Which small finance institute rolls out "selfeSavings" digital savings account recently?

A. Ujjivan Small Finance Bank
B. Capital Lab Small Finance Bank
C. ESAF Small Finance Bank
D. Equitas Small Finance Bank

Answer: Option D

Explanation:

Equitas Small Finance Bank has rolled out 'selfeSavings', an interactive digital savings account. This account can be opened with the web-based interactive video form hosted on Equitas's website by using Aadhaar number, PAN and other basic details. It allows customers to set up a mobile banking PIN, through which they can start using their account instantly. 'selfeSavings' account comes with a virtual Visa debit card that can be used to shop online. This account also allows customers to make online money transfers for free.

3. 

Which bank lists $600 million MTN bond on India INX?

A. Canara bank
B. Yes Bank
C. Andhra Bank
D. State bank of India

Answer: Option B

Explanation:

Yes Bank announced the listing of US $600 million bond issue under its maiden US $1 billion medium-term note (MTN) programme on IndiaINX. Medium Term Note (MTN) is a debt note that usually matures or has a payback period of 5 years. Yes Bank's debut MTN bonds received an overwhelming response from international investors as it was oversubscribed by more than 1.83 times from over 90 accounts. Yes Bank had established a Medium Term Note (MTN) programme in December 2017 to raise USD 1 billion post approval from its board's Capital Raising Committee. BSE's IndiaINX is India's first international exchange located at the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, Gujarat.

4. 

This bank ban use of debit/credit cards to buy bitcoins.

A. Citi Bank
B. Punjab National Bank
C. Karnataka Bank
D. Federal Bank

Answer: Option A

Explanation:

Citi Bank, India has issued an email notification to its customers stating that credit and debit cards cannot be used to purchase cryptocurrencies. In the email notification, Citi Bank India has cited global and local concerns (including from the Reserve Bank of India) about dealing in cryptocurrencies (including Bitcoin) and has cautioned its customers that such transactions involves potential economic, financial, operational, legal, customer protection and security related risks. Earlier, in January 2017, RBI had warned banks about cryptocurrencies and had directed them to step up scrutiny of financial transactions by companies and exchanges involved in the trade of Bitcoins and other cryptocurrencies. Cryptocurrencies including Bitcoin are decentralised digital currencies which are not backed by any Sovereign Government, Central Bank or monetary authority.

5. 

The country's largest lender SBI write off bad loans worth how much crore in 2016-17?

A. Rs 21,339 crore
B. Rs 12,339 crore
C. Rs 22,339 crore
D. Rs 20,339 crore

Answer: Option D

Explanation:

The country's largest lender SBI write off bad loans worth Rs 20,339 crore in 2016-17. It is the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal. Besides SBI, Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore).