Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
26. 

Which bank executed its first trade borrowing transaction linked to SOFR?

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

Answer: Option C

Explanation:

The Private sector lender Yes Bank has executed its first Secured Overnight Financing Rate (SOFR) linked transaction.

27. 

Which organization has rolled out Rs. 10,000-crore 'Special Refinance Facility-2021' (SRF-2021) to provide short-term refinance support to housing finance companies (HFCs)?

A. NHB
B. RBI
C. SEBI
D. NABARD

Answer: Option A

Explanation:

The National Housing Bank (NHB) has rolled out a Rs. 10,000-crore 'Special Refinance Facility-2021' (SRF-2021) to provide short term refinance support to housing finance companies (HFCs) and other eligible Primary Lending Institutions (PLIs).

28. 

IRDAI has notified the extension of its sandbox regulations by how many years?

A. 3 years
B. 2 years
C. 4 years
D. 5 years

Answer: Option B

Explanation:

The Insurance Regulatory and Development Authority of India (Irdai) notified the extension of its sandbox regulations by another two years to enable the completion of the experiment of the existing sandbox proposals and also to allow new sandbox proposals for the experiment.

29. 

Which Indian financial body has announced to set up Regulations Review Authority (RRA 2.0) from May 01, 2021, for one year?

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

Answer: Option A

Explanation:

The Reserve Bank of India (RBI) will be set up a new Regulations Review Authority (RRA 2.0) from May 1, 2021.

30. 

Which bank will raise up to Rs 50,000 crore during the next 12 months through issuing bonds?

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

Answer: Option A

Explanation:

HDFC Bank said it is planning to raise up Rs 50,000 crore during the next 12 months through issuing bonds. The bank's board of directors will take up the proposal at its meeting on April 17, it said in a regulatory filing.