Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
31. 

Which bank launched TMSAC portal and 2020 Vigilance Manual?

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

Answer: Option B

Explanation:

As a part of the Vigilance Awareness Week (VAW), the nation's leading public sector bank, Punjab National Bank (PNB), today launched the PNB Tracking & Monitoring Staff Accountability Cases (TMSAC) portal and PNB's 2020 Vigilance Manual. The ceremony was graced by the presence of Suresh N Patel- Vigilance Commissioner, Central Vigilance Commission and P. Daniel - Secretary-in-charge of Central Vigilance Commission along with CH S.S. Malikarjuna Rao - Managing Director and Chief Executive Officer of PNB.

32. 

Which bank signed $1 billion loan agreement with JBIC?

A. SBI
B. PNB
C. Union Bank
D. Axis Bank

Answer: Option A

Explanation:

State Bank of India (SBI) has signed a loan agreement of up to $1 billion with The Japan Bank for International Cooperation (JBIC). The loan will facilitate the operations of Japanese car companies in India. The financing will assist in Government of India's 'Make in India' initiative.

33. 

Who has barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions?

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

Answer: Option C

Explanation:

The Reserve Bank of India has barred Payment System Operators (PSOs) from launching any new proprietary QR code for payment transactions. Currently, there are two interoperable QR codes - UPI QR and Bharat QR. The decision to continue with the two existing Quick Response (QR) codes was based on the recommendations of the committee which was set up by the Reserve Bank under the chairmanship of Deepak Phatak to review the current system of such codes in India and suggest measures for moving towards interoperable QR codes.

34. 

Which bank partnered with IIFL Finance for gold loan origination?

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

Answer: Option C

Explanation:

Private-sector lender CSB Bank, formerly Catholic Syrian Bank, today said that it has entered into a partnership with non-banking finance company, IIFL Finance (IIFL) for sourcing and managing retail gold loan assets. Acting as Business Correspondent (BC) of the bank, IIFL will source new business from markets where CSB Bank does not have adequate branch network. IIFL, with its vast branch network, would help CSB Bank penetrate the lower strata of customers and rural areas resulting in scaling up of the customer base.

35. 

Which bank MD & CEO Aditya Puri retired?

A. PNB
B. ICICI
C. HDFC
D. YES Bank

Answer: Option C

Explanation:

The Managing Director and Chief Executive Officer of HDFC Bank, Aditya Puri has stepped down, after 25 years of a highly successful career at India's largest private sector lender. The 70-year-old Puri had transformed a start-up in a sector dominated by state-owned banks into an industry leader. At nearly Rs 6 trillion, HDFC Bank leads the industry in terms of market capitalisation and remains the most profitable by a long margin.