Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
51. 

Which bank rolls out "KCC (Kisan Credit Card) Review option" for Farmers?

A. Central Bank of India
B. State Bank of India
C. Union Bank of India
D. HDFC

Answer: Option B

Explanation:

State Bank of India(SBI) has launched "KCC (Kisan Credit Card) Review option" on its digital agricultural solution platform, YONO ("You Only Need One") Krishi. With this application the farmers can access their KCC limit in the virtual platform. It is expected to benefit more than 75 Lakh Farmers who have Kisan Credit Card accounts with SBI. The Farmers will no longer need to visit the bank branch physically to apply for a revision in their KCC limit.

52. 

which Bank Virtually Launched 'Shaurya KGC Card', a First-of-its-Kind Card for Indian Armed Forces?

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

Answer: Option D

Explanation:

On August 14, 2020 Aditya Puri, Managing Director of HDFC Bank, launched digitally the 1st of its kind card, 'Shaurya KGC(Kisan Gold Credit) Card', a tri color themed card for Indian armed forces personnel, i.e, Army, Navy, Air force and Para military forces and their families.

53. 

Who Tightens Norms for Core Investment Companies; Formation of Group Risk Management Committee Mandated?

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

Answer: Option C

Explanation:

On August 13, 2020, the Reserve Bank of India (RBI) has revised the guidelines applicable for Core Investment Companies (CICs) on the basis of the recommendations of the Working Group (WG) to Review the Regulatory and Supervisory Framework for Core Investment Companies (CICs), constituted under the Chairmanship of Tapan Ray, former Secretary, Ministry of Corporate Affairs (MCA).

54. 

Who Mandates System-based Asset Classification for Urban Co-operative Banks (UCBs)?

A. SIDBI
B. RBI
C. SEBI
D. World Bank

Answer: Option B

Explanation:

On August 12, 2020, the Reserve Bank of India (RBI) has mandated the urban co-operative banks (UCBs) with assets of Rs 2,000 crore or above as on March 31, 2020 to implement system-based asset classification from 30 June 2021.

55. 

Which Bank Partnered with Fiserv, Inc. to Support Launch of their 1st Independent Credit Card?

A. State Bank of India
B. Federal bank
C. Union bank
D. PNB

Answer: Option B

Explanation:

Federal Bank has partnered with Fiserv, Inc. to enable the digitization of it's end-to-end card issuance and processing cycle to support the launch of the Federal Bank credit card, their 1st Independent Credit Card.