Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
41. 

Which insurance company entered into bancassurance partnership with SBM Bank India?

A. Bharti AXA Life Insurance
B. Baja Alliance
C. Birla Sun Life
D. LIC

Answer: Option A

Explanation:

Bharti AXA Life Insurance has entered into a bancassurance partnership with SBM Bank (India) Limited (SBM Bank India). Through this partnership, Bharti AXA Life Insurance will offer its entire suite of life insurance products, including protection, health, savings and investment plans, to the customers of SBM Private Wealth, the retail banking arm of SBM Bank India.

42. 

Who approved USD 1 billion loan for Delhi-Meerut Regional Rapid Transit System, a 1st of its kind in India?

A. ADB
B. World Bank
C. IBRD
D. IDA

Answer: Option A

Explanation:

The Asian Development Bank (ADB) has approved a USD 1 billion (about Rs 7,485 crore) loan to construct the modern, high-speed 82-kilometer Delhi - Meerut, Uttar Pradesh Regional Rapid Transit System (RRTS) in India, a first of its kind in India.

43. 

Which bank in partnership with KFin Technologies launched 'Loan against Securities' to provide complete Digital loan against Mutual Fund?

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

Answer: Option B

Explanation:

Yes Bank in partnership with KFin Technologies Private Limited has launched 'Loan against Securities', a unique digital solution that enables customers to lien mark their mutual funds digitally and avail quick and hassle-free loans. The digital solution is launched under YES BANK's 'Loan in Seconds' platform, which allows the customers to set an instant credit limit against securities held.

44. 

Which bank launched 'Jan Bachat Khata', an aadhaar Authentication Based Digital Savings Account?

A. HDFC
B. Dena Bank
C. Fino Payments Bank Ltd
D. PNB

Answer: Option C

Explanation:

Fino Payments Bank Limited(Ltd) launched Jan Bachat Khata (JBK), an Aadhaar authentication based digital savings account for its customers. JBK will bring neo-banking experience to the consumers.

45. 

Who released framework for authorisation of Pan-India umbrella entity for retail payments?

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

Answer: Option B

Explanation:

On August 18, 2020, Reserve Bank of India (RBI) released the "Framework for authorisation of pan-India Umbrella Entity for Retail Payments" on the lines of the feedback received on the "draft framework for authorisation of a pan-India New Umbrella Entity for Retail Payment Systems" which was placed on Reserve Bank's website on February 10, 2020 for public comments.