Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
11. 

Centre has cleared how much advance payment to Serum Institute and Bharat Biotech without bank guarantee?

A. Rs 2800 crore
B. Rs 4500 crore
C. Rs 3000 crore
D. Rs 5000 crore

Answer: Option B

Explanation:

The Union Government has reportedly decided to offer an advance payment of over Rs 4,500 crore to the Serum Institute of India (SII) and Bharat Biotech to secure future supplies of Covid-19 vaccines.

12. 

Murali M. Natrajan has been re-appointed as the Managing Director & CEO of which bank?

A. Axis Bank
B. Karur Vysya Bank
C. DCB Bank
D. IndusInd bank

Answer: Option C

Explanation:

The RBI has approved the re-appointment of Murali M. Natrajan as the Managing Director & CEO of private sector lender, DCB Bank, for further period of one year.

13. 

Which bank announced to exit operations from India and 12 other countries?

A. Citi Bank
B. Federal Bank
C. DBS Bank
D. Nainital Bank

Answer: Option A

Explanation:

The Citigroup has announced that it will exit the retail banking business in India and 12 other countries.

14. 

The 'Pay by Bank App' has been launched by which bank in partnership with Mastercard?

A. DCB Bank
B. Axis bank
C. IndusInd Bank
D. RBL Bank

Answer: Option D

Explanation:

The Mumbai-based private lender RBL bank has partnered with Mastercard to launch a mobile app called "Pay by Bank App ".

15. 

SwitchON Foundation has partnered with which bank for the promotion of solar pumps?

A. State Bank of India
B. Canara Bank
C. Bank of Baroda
D. Punjab National Bank

Answer: Option D

Explanation:

The sun shines brighter for small and marginal farmers in India as SwitchON Foundation has partnered with Punjab National Bank for the promotion of solar pumps.