Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
56. 

Which Bank obtained RBI's in-principle Nod to Set up Non-Financial Subsidiary?

A. State Bank of India
B. South Indian Bank
C. Central Bank of India
D. Union Bank of India

Answer: Option B

Explanation:

South Indian Bank(SIB) has obtained in-principle approval from the Reserve Bank of India(RBI) to set up a wholly owned non- financial subsidiary for undertaking activities permitted by RBI. After SIB completes the relevant formalities and receives final approval from the regulators the subsidiary will commence its operations.

57. 

Which Bank India Collaborated with InstaReM to Enhance Outbound Remittance Experience from India?

A. SBI
B. Bank Of Baroda
C. SBM
D. PNB

Answer: Option C

Explanation:

SBM Bank (India) Limited (SBM Bank India) has collaborated with InstaReM to enhance the existing outbound remittance service offerings from India, including introduction of new remittance corridors, increased frequency of transactions for outbound Transactions and improved delivery timings for transfers.

58. 

Who Extends the Credit Guarantee Scheme to Large Firms & Self Employed?

A. State Govrernment
B. RBI
C. Central Government
D. None of these

Answer: Option C

Explanation:

On 8th August 2020, Finance Minister Nirmala Sitharaman announced that the Central Government have extended its Emergency Credit Line Guarantee Scheme (ECLGS), credit guarantee scheme for the micro, small and medium enterprises(MSME), to cover the loans given to the large firms, self-employed professionals and people who have taken a loan for business purpose.

59. 

Who revised IFSC guidelines, 2015' eligibility, shareholding limit for clearing corp at IFSC?

A. RBI
B. SEBI
C. Government of India
D. IFSC

Answer: Option B

Explanation:

On August 7, 2020, the Securities and Exchange Board of India (SEBI) amended the clause 4 (2) of SEBI international financial services centre (IFSC) guidelines, 2015 pertaining to eligibility criteria and shareholding limit for clearing corporations that wish to operate in such centres.

60. 

Which Bank extends USD 250 million line of credit to Mozambique?

A. World Bank
B. Swiss Bank
C. EXIM Bank
D. RBI

Answer: Option C

Explanation:

On August 3rd, 2020 Export-Import Bank on behalf of Indian Government, extended a Line of Credit of USD 250 million (about Rs. 1,870 Crores) to Mozambique to improve the power supply quality of the country.