Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
56. 

Which Small Finance Bank awarded with 'Great place to work' certification?

A. Fincare Small Finance Bank
B. Equitas Small Finance Bank
C. ESAF Small Finance Bank
D. Suryoday Small Finance Bank

Answer: Option C

Explanation:

The ESAF Small Finance Bank had been awarded 'Great place to work' certification by the Great place to Work Institute.

57. 

On which Bank RBI has imposed a penalty of Rs. 15 lakh?

A. DBS Bank
B. YES Bank
C. HDFC Bank
D. Fedbank Financial Services Ltd

Answer: Option D

Explanation:

RBI imposed a monetary penalty of ?15 lakh on Fedbank Financial Services Ltd, Mumbai, for non-compliance with certain provisions of the central bank's directions on monitoring of frauds.

58. 

What is the new wholly-owned subsidiary set up by Punjab National Bank to manage its credit card business?

A. PNB Credit Cards Freedom Ltd
B. PNB Card Elite
C. PNB Cards & Services Ltd
D. PNB Cards Ltd

Answer: Option C

Explanation:

State-run Punjab National Bank (PNB) has set up a wholly-owned subsidiary namely "PNB Cards & Services Ltd" to manage its credit card business.

59. 

With which bank the IOCL has inked India's First LIBOR Alternative Rate Deal?

A. State Bank of India
B. Axis Bank
C. ICICI Bank
D. RBL Bank

Answer: Option A

Explanation:

The State Bank of India (SBI) and Indian Oil Corporation Limited (IOCL) will sign the first Secured Overnight Financing Rate (SOFR) linked external commercial borrowing (ECB) deal.

60. 

The RBI has imposed a Rs 2 crores penalty on which bank for paying commission to employees?

A. Allahabad Bank
B. Punjab National Bank
C. State Bank of India
D. Union Bank of India

Answer: Option C

Explanation:

The RBI has imposed a penalty of Rs 2 crore on SBI for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.