Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
21. 

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.

22. 

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.

23. 

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.

24. 

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.

25. 

Who announced OMO of government securities worth Rs. 20,000 crore?

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

Answer: Option C

Explanation:

The Reserve Bank of India today announced that it will conduct open market operations or OMO of government t securities worth ?20,000 crore in two tranches. "On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ?20,000 crores in two tranches of ?10,000 crores each. The auctions would be conducted on August 27, 2020 and September 03, 2020," RBI said.