Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | Recently, this bank gets SEBI nod for custodian of securities business enhancing its market offerings. |
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Answer: Option D Explanation: Yes Bank has received approval from market regulator Securities and Exchange Board of India (Sebi) for acting as custodian of securities. This would enable the bank to play a larger role in channelising domestic and foreign investments into Indian financial market and would enhance bank's current capital market offerings. The bank has taken advantage of its global reach through its international banking team, IFSC banking unit in GIFT City and its representative office in Abu Dhabi as a part of its strategy.
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| 2. | Marg ERP limited patners with this bank to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers. |
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Answer: Option A Explanation: Marg ERP limited, a leading Inventory and Accounting software solution company has partnered with ICICI Bank, India's largest private sector bank by consolidated assets, to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG's accounting software. This integration aims to promote 'Connected Banking' and enables ICICI Bank's current account holders to securely connect their bank account with the MARG ERP software and undertake an array of digital transactions from within the ERP platform itself.
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| 3. | Which bank will not handle payments for crude from Iran from November 2018? |
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Answer: Option A Explanation: SBI has informed refiners it will not handle payments for crude from Iran from November 2018. Such a move from the SBI would come after US President Donald Trump pulled out of an international nuclear deal with Iran on May 8 and said he would reimpose sanctions within 180 days. Reliance Industries Ltd (RIL), owner of the world's biggest refining complex, plans to halt oil imports from Iran while Rosneft-promoted Nayara Energy has started cutting purchases from this month.
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| 4. | This bank has unveiled a novel card variant recently. |
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Answer: Option C Explanation: Karnataka Bank has unveiled a novel card variant 'KBL Deposit Only Card'. The card aims to enable hassle free cash deposit transaction at Bank's 24x7 e-Lobby services. This card is specially meant for Bank's Current/Overdraft customers. By using this card they can perform card based cash deposit transactions even with higher deposit limit.
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| 5. | This bank get an approval to raise additional share capital upto 24,000 crore rupees. |
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Answer: Option C Explanation: Union Cabinet approved the proposal for grant of permission to HDFC Bank to raise additional share capital of up to a maximum of 24,000 crore rupees. The composite foreign shareholding in the Bank will not exceed 74% of the enhanced paid-up equity share capital of the bank. According to the Finance Minister Piyush Goyal, the proposed investment is expected to strengthen the capital adequacy ratio of the bank. The Cabinet also approved reconstitution of North Eastern Council (NEC). Home Minister will be the ex officio chairman of NEC and the Minister of State for DoNER will serve as Vice Chairman of the council.
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