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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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. 

With which bank, HDFC ERGO General Insurance Company ties up for offerings non-life insurance to the customers of the Bank?

A. Axis Bank
B. Federal Bank
C. IDBI Bank
D. Canara Bank

Answer: Option B

Explanation:

HDFC ERGO General Insurance Company, India's leading private sector general insurance company, and Federal Bank, announced tie-up for the distribution of HDFC ERGO's range of non-life insurance offerings to the customers of the Bank through its network branches. This Corporate Agency Tie-up offers comprehensive Insurance solutions to customers both digitally and physically, which benefits the customers in many ways. Federal Bank's deep-rooted presence in Southern markets allows the Company to strengthen its foothold within the region.

2. 

eATM : Instant fund credit feature to get cash within 30 minutes launched by __________.

A. Almondz Global Securities
B. IDBI Capital
C. ICICI Securities
D. Geojit Financial Services

Answer: Option C

Explanation:

ICICI Securities (ISec), a brokerage firm, launched the 'eATM' instant fund credit feature to enable real-time payments in bank accounts upon selling stocks in Bombay Stock Exchange (BSE). This feature is available to retail investors who can get payment against sell of stocks in BSE instantly compared to earlier waiting time of T+2 days. The payment is made directly to the bank accounts to within 30 minutes and the limit is Rs. 50,000 per client per day. This is being offered to all ICICIdirect customers at no additional cost and will be available to stocks sold on the BSE. It is open to all trades in cash segment on nearly 600 stocks traded in BSE.

3. 

TIPS an Instant Payment System launched by;

A. Economic and Monetary Union of the European Union
B. Bank of England
C. European Central Bank
D. Bank of France

Answer: Option C

Explanation:

The European Central Bank launched a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. Developed in just over a year, the ECB's TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds and regardless of the opening hours of their local bank. TIPS is open only to providers that have an account at a central bank connected to the euro zone's TARGET 2 network, meaning it is effectively restricted to European Union banks.

4. 

Which bank gets RBI approval for subsidiary?

A. State Bank of Mysore
B. State Bank of Mauritius
C. Dhanlaxmi Bank
D. DCB Bank

Answer: Option B

Explanation:

Mauritius based SBM group granted a license by Reserve Bank of India to operate SBM Bank (India) Limited through Wholly Owned Subsidiary (WOS) mode under the Banking Regulation Act, 1949 with effect from December 1, 2018. Now at present SBM operate its branches in Mumbai, Chennai, Hyderabad, and Ramachandrapuram since 1994. It plans to open six new branches in Delhi, Bangalore, Kolkata, Pune, Ahmedabad, and Jaipur by next year.

5. 

Which bank increased interest rates for fixed deposits less than Rs. 1 crore?

A. SBI Bank
B. ICICI Bank
C. HDFC Bank
D. Yes Bank

Answer: Option A

Explanation:

State Bank of India (SBI) revised its fixed deposit (FD) interest rates on select maturities by 0.05-0.10 per cent or 5-10 basis points. The hiked interest rates are on deposits below Rs. 1 crore. These changes were done ahead of the fifth bi-monthly monetary policy review outcome on December 5.