Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
6. 

To increases awareness on cyber fraud, which bank launched Mooh Band Rakho campaign?

A. Bank of Baroda
B. SBI Bank
C. ICICI Bank
D. HDFC Bank

Answer: Option D

Explanation:

HDFC Bank Ltd. launch the "Mooh Band Rakho," campaign to increase awareness on cyber frauds and preventing them. The Bank will be conducting 1,000 workshops in the next 4 months across the country.

7. 

On which bank The Reserve Bank of India has imposed a penalty of Rs 1 crore?

A. Punjab National Bank
B. Punjab & Sind Bank
C. Bank of India
D. Bank of Baroda

Answer: Option A

Explanation:

The Reserve Bank of India has imposed a penalty of Rs 1 crore on Punjab National Bank for violating the Payment and Settlement Systems Act, 2007, the state-run lender said. Punjab National Bank was operating a bilateral ATM-sharing arrangement with Druk PNB Bank Ltd., Bhutan, since April 2010 without prior approval or authorization from India's banking regulator RBI imposed the Rs 1 crore penalty for "contravention of the nature referred to in Section 26 (6) of the Payment and Settlement Systems Act, 2007.

8. 

Recently which bank launched National Common Mobility Debit Card?

A. Telangana Grameena Bank
B. HDFC Bank
C. Karnataka Bank Ltd
D. SBI Bank

Answer: Option C

Explanation:

Karnataka Bank Ltd has launched National Common Mobility Debit Card. The bank said this Rupay card is a contactless debit-cum-prepaid and interoperable transport the users can make payments without inserting the card at PoS terminals. Payments can be made at toll plazas, metro transits, parking lots, retail outlets and smart cities

9. 

Which bank launched SmartHub Merchant Solutions 3.0 for SMEs?

A. SBI
B. PNB
C. HDFC
D. ICICI

Answer: Option C

Explanation:

HDFC Bank has announced the launch of "SmartHub Merchant Solutions 3.0" for Small and mid-size enterprises. This solution allows merchants and self-employed professionals to instantly open a current account and start accepting payments in-store, online, and on-the-go.

10. 

Which bank launched contactless RuPay National Common Mobility Card?

A. SBI
B. Karnataka Bank
C. Bank of Mysore
D. Bank of Maharashtra

Answer: Option B

Explanation:

Mangalore-based Karnataka Bank has launched a new indigenous Rupay debit card- National Common Mobility Debit Card (NCMC) in line with the vision of the Ministry of Housing and Urban Affairs. Equipped as an international Contact-less, it is a debit cum prepaid and inter-operable transport card. Mahabaleshwara M S, Managing Director & CEO of the Bank while inaugurating the pilot launch of the RuPay NCMC card- 'One Nation One Card' said that "this is Bank's first-ever Contactless debit card and is expected to change the banking paradigm to a great extent, especially in retail payments by its unique features of 'Tap & Go' and 'Offline wallet' payments."