Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
26. 

Which bank to receive Human Capital Management Excellence Award 2020 for its HR initiative, "Nayi Disha"?

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

Answer: Option B

Explanation:

State Bank of India (SBI) to receive Brandon Human Capital Management(HCM) Excellence Award(also known as the Academy Awards of Learning & Development) 2020, a global recognition for its HR initiative, "Nayi Disha".

27. 

UPEIDA signed a deal with which bank to led consortium of 6 banks to fund Bundelkhand Expressway Project?

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

Answer: Option C

Explanation:

On 25th August 2020, The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) signed a deal with the consortium of 6 banks led by Bank of Baroda (BoB) for funding construction of Bundelkhand Expressway project.

28. 

Which bank to partner with Adobe to enhance Digital Customer experiences?

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

Answer: Option D

Explanation:

On 27th August, 2020 HDFC Bank announced a strategic partnership with Adobe to enhance the Digital Experiences of its Customers. The partnership is powered by Adobe Experience Cloud Solutions and will help HDFC Bank to deliver personalised digital experiences to existing as well as new customers, at anytime and anywhere.

29. 

Which bank announced purchase & sale of Govt securities under OMO worth Rs 20,000 crore?

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

Answer: Option B

Explanation:

On August 25, 2020, Reserve Bank of India (RBI) announced a simultaneous purchase and sale of government securities (G-Secs) under open market operations (OMO) for an aggregate amount of Rs 20,000 crore in two equal tranches of Rs 10,000 crore on August 27, 2020 and September 03, 2020 on account of current and evolving liquidity and market conditions.

30. 

Which bank introduced 'Liberty Savings Account' for the Indian Youth?

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

Answer: Option B

Explanation:

Axis Bank, India's third-largest private sector bank, has introduced 'Liberty Savings Account' for the Indian Youth, to address the ever changing lifestyle needs of young and digitally interested Indians. It offers a complimentary hospital cash insurance cover of upto Rs 20,000 per year, which covers hospital expenses incurred under COVID -19, which makes this a 1st of its kind savings account to cover the pandemic.