Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
26. 

Which Bank rolled out instant payouts for fintechs with Visa Direct?

A. RBI
B. ABI
C. RBL
D. PNB

Answer: Option C

Explanation:

India-based private sector lender RBL Bank has launched instant payouts for fintech firms by partnering with payments giant Visa. Under this partnership, the bank will leverage Visa's real-time push payments platform Visa Direct, across the country. Visa Direct facilitates instant, real-time fund settlement through debit and credit cards. It will allow RBL Bank to create technology-led banking solutions catering to the growing needs of merchants and partners. Further, this will enable fintech firms to create digital payment solutions for the end customers.

27. 

Which bank revised stake acquisition agreement with Max Life?

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

Answer: Option B

Explanation:

New Delhi: Axis Bank on Friday announced a revised stake acquisition agreement with Max Financial. According to the revised agreement, Axis Bank will acquire up to 9% of the equity share cap of Max Life. The bank's subsidiaries Axis Capital Limited and Axis Securities Limited (together 'Axis Entities') will together acquire up to 3% of equity of Max Life. Axis Entities will have a right to acquire an additional stake of up to 7%.

28. 

Which bank released the migration and development brief report?

A. RBI
B. WHO
C. World Bank
D. IMF

Answer: Option C

Explanation:

On October 30, 2020, the World Bank released the migration and development brief report. According to the report the remittances of India will fall by 9% by the end of 2020. India's remittances will drop down to 76 billion USD due to covid-19 crisis and the Global economic recession .

29. 

Which bank named Asia's Safest Bank for 12th consecutive year?

A. ADB
B. DBS
C. SBI
D. SVC

Answer: Option B

Explanation:

DBS Bank today announced that it has been named the 'Safest Bank in Asia' for the 12th consecutive year by New York-based trade publication Global Finance. DBS' rankings as the fourth-safest commercial bank in the world and 14th safest bank globally remain unchanged from 2019 and 2018.

30. 

Which bank first bank to go live on RBI's 'Account Aggregator Framework'?

A. Yes Bank
B. Axis Bank
C. IndusInd Bank
D. SBI

Answer: Option C

Explanation:

IndusInd Bank announced that it has gone live as a 'Financial Information Provider' (FIP) under the new 'Account Aggregator Framework' of the Reserve Bank of India (RBI), making it the first bank in the country to do so. With this, customers can now avail a host of benefits such as viewing statements of their accounts, track deposits, plan investments (such as shares, mutual funds, Insurance, EPF, PPF), avail credit cards, etc. on a single window, thereby empowering them to take informed decisions pertaining to their finances.