Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
31. 

The Axis Bank and its subsidiaries have recently acquired what percent of stake in the Max Life Insurance Company to become its co-promoters?

A. 11.55%
B. 15.11%
C. 12.99%
D. 14%

Answer: Option C

Explanation:

The Axis Bank along with its subsidiaries, Axis Capital and Axis Securities, have completed the acquisition of 12.99 percent stake in the Max Life Insurance Company.

32. 

The 'Rewards123' is a digital Savings account launched by which bank?

A. AU Small Finance Bank
B. HDFC Bank
C. Airtel Payments Bank
D. State Bank of India

Answer: Option C

Explanation:

The Airtel Payments Bank has launched a new savings account called 'Rewards123' with a special feature.

33. 

Which organization has launched the first of its kind online dispute resolution handbook in India?

A. SIDBI
B. NITI Aayog
C. NASSCOM
D. RBI

Answer: Option B

Explanation:

The NITI Aayog launched the first-of-its kind Online Dispute Resolution (ODR) handbook in India.

34. 

Which asset management company has become the first in India to cross the Rs. 5 lakh crore average assets under the management mark?

A. Kotak Mahindra Mutual Fund
B. Aditya Birla Sun Life Mutual Fund
C. Reliance Mutual Fund
D. SBI Mutual Fund

Answer: Option D

Explanation:

The SBI Funds Management Pvt. Ltd has informed that it has become the first mutual fund house in India to cross the Rs. 5 lakh crore average assets under management mark.

35. 

Which finance institution will periodically publish a Financial Inclusion Index?

A. RBI
B. SIDBI
C. NABARD
D. Exim Bank

Answer: Option A

Explanation:

The Reserve Bank of India will be constructing and periodically publishing a "Financial Inclusion Index".