Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
51. 

Which bank launched Invest 4G plan with multiple saving options, protection cover?

A. Canara Bank
B. HSBC
C. OBC Life Insurance
D. All of these

Answer: Option D

Explanation:

Canara HSBC Oriental Bank of Commerce Life Insurance has launched a new Unit Linked insurance plan (Ulip) titled 'Invest 4G'. It is an individual life insurance savings plan which can be customized as per the goals and changing requirements of the individual. This Unit Linked Individual Life Insurance cum Savings Plan provides a combination of Portfolio Management Options and flexibilities which gives choice to opt for protection suiting the demand for every individual as well as provide an opportunity to save for future goals.

52. 

Which bank inked pact with Mahindra & Mahindra for tractor finance?

A. Bank of Baroda
B. State Bank of India
C. IDBI
D. RBI

Answer: Option A

Explanation:

To push agriculture finance, state-owned Bank of Baroda (BoB) said it has entered into a pact with Mahindra and Mahindra for tractor finance business. The lender, through its over 5,000 rural and semi-urban branch network, will provide tractor loan facility to customers of Mahindra and Mahindra.

53. 

Which bank won Central bank of the year award 2020?

A. Bank of Ghana
B. Bank of Baroda
C. Axis Bank
D. Canara Bank

Answer: Option A

Explanation:

"Bank of Ghana" has won the Central bank of the year award 2020. Apart from this, Mark Carney (Governor of the Bank of England) has won the Governor of the year at the Central bank of the year award 2020. Central Banking Awards is held annually to recognize excellence in the central banking community. This was the 7th edition of the award and the ceremony was held virtually on.

54. 

Which bank is to launch 'The Healthy Life Programme' for its customers?

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

Answer: Option C

Explanation:

India's leading private sector bank, HDFC Bank and Apollo Hospitals have collaborated to launch the "Healthy Life Programme", a holistic healthcare solution. This programme will be launched for HDFC Bank customers, to make healthy living accessible and affordable while making the process convenient and easy for the customers.

55. 

Which bank extended USD 400 million soft loan to Maldives?

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

Answer: Option B

Explanation:

The Export-Import Bank of India (Exim Bank) on behalf of the Government of India has extended a Line of Credit (LoC) of USD 400 million (about Rs 2,932 crore) to the Maldives.