Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
31. 

Which bank becomes the 1st Bank in India to use satellite data to Assess Credit Worthiness of Farmers?

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

Answer: Option A

Explanation:

ICICI Bank uses satellite data(imagery from Earth observation satellites) to assess credit worthiness of farmers. ICICI Bank has become the 1st bank in India to use such a technique to measure an array of parameters related to the land, irrigation and crop patterns and use it in combination with demographic and financial parameters to make quick lending decisions for farmers.

32. 

Goals101.ai Partnered to create Targeted and Personalised Offers for bank cardholders with which company?

A. Mastercard
B. Visacard
C. Rupay card
D. Credit Card

Answer: Option A

Explanation:

Mastercard has entered into an alliance with Goals101.ai, the leading bank-tech and Artificial Intelligence(AI) company. Through this alliance, Goals101.ai connects merchants and issuers using big data, AI and automation to create targeted and personalized offers for Bank cardholders. This helps banks to improve their communications performance and makes the banking experience more personalized, real-time and relevant for their customers.

33. 

Which bank is to acquire 17% instead of 29% in Max Life Insurance?

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

Answer: Option B

Explanation:

Axis Bank Ltd(Axis Bank) to acquire 17%(17.002%) of the equity share capital in Max Life Insurance(Max Life), instead of 29%. After the transaction, the total ownership of Axis bank in Max Life will be 18%. The parties have executed definitive agreements.

34. 

ICICI Lambord Signed Definitive Agreements to Merge their Insurance Businesses with which company?

A. Bajaj Alliance
B. LIC
C. Bharti AXA
D. Birla Sun lIfe

Answer: Option C

Explanation:

ICICI Lombard General Insurance Co. Ltd.(ICICI Lombard) and Bharti AXA General Insurance Co. Ltd.(Bharti AXA) have signed definitive agreements to merge their insurance business.

35. 

Which Bank Partnered with Accenture to Accelerate its Digital Transformation?

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

Answer: Option B

Explanation:

RBL Bank has entered into a strategic partnership with Accenture to transform and enhance the future readiness of the bank's Information Technology (IT) systems and accelerate its digital transformation journey. The alliance will enable RBL Bank to offer next-generation banking services, boost the resilience and scalability of its systems and business processes, and also to improve its operational efficiency.