Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
16. 

Which bank tops EASE 2.0 Index by IBA?

A. SBI
B. Bank of Baroda
C. PNB
D. Bank of India

Answer: Option B

Explanation:

As per the EASE Banking Reforms Index 2.0, Bank of Baroda has been placed at the first spot. State Bank of India and Oriental Bank of Commerce (OBC) got the 2nd and 3rd place respectively. The Indian Banking Association (IBA) makes EASE (Enhanced Access and Service Excellence) reform index. The aim of this index is to bring fruitful change in the PSBs by brining in healthy competition among these PSBs and by encouraging them to learn from each other.

17. 

Which bank is going to launch new loan scheme SAFAL for organic cotton growers?

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

Answer: Option B

Explanation:

State Bank of India is planning to launch a loan product named "SAFAL" for organic cotton growers. The product Safe and Fast Agriculture Loan (SAFAL) is primarily focussed on organic cotton growers who don't have any credit history. SBI will use Artificial Intelligence (AI) and Machine Learning (ML) for this purpose.

18. 

Which bank launched 'Signature Visa Debit Card' for HNIs?

A. SBI
B. Bank of India
C. RBI
D. PNB

Answer: Option B

Explanation:

Bank of India (BoI) on Monday launched "Signature Visa Debit Card" for the affluent/high net worth individuals maintaining an average quarterly balance of ?10 lakhs and above.

19. 

Which organisation has ceased the Banking operations by the Aditya Birla Idea Payments (ABIP) Bank under Banking Regulations Act 1949 with effect from July 28, 2020?

A. RBI
B. SEBI
C. SIDBI
D. SBI

Answer: Option A

Explanation:

Reserve Bank of India has ceased the Banking operations by the Aditya Birla Idea Payments (ABIP) Bank under Banking Regulations Act 1949 with effect from July 28, 2020. Now the bank company could not able to work successfully and applied for voluntary winding up by the Vodafone Idea Limited which holds 51% in ABIP bank and the remaining 49% by Grasim Industries Limited.

20. 

Who issues revised priority sector lending guidelines to increase credit penetration?

A. SBI
B. RBI
C. SEBI
D. SIDBI

Answer: Option B

Explanation:

Reserve Bank of India (RBI) released revised Priority Sector Lending (PSL) guidelines, which will enable better credit penetration in credit-deficient areas, increase loans for small and marginal farmers, and boost loans towards renewable energy and health infrastructure.