Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
56. 

Which bank extended $400 mn Line of Credit to the Maldives?

A. RBI
B. SBI
C. EXIM Bank
D. SEBI

Answer: Option C

Explanation:

The Export-Import Bank of India (Exim Bank) has extended a $400 million Line of Credit (LoC) for the Greater Male Connectivity Project in the Maldives. The LoC was signed between Exim Bank General Manager Nirmit Ved and the Maldives Finance Minister Ibrahim Ameer.

57. 

Which bank aggregated exposure limit for small businesses?

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

Answer: Option C

Explanation:

Reserve Bank of India (RBI) has raised the banks' maximum aggregate retail exposure limit to entities with turnover up to Rs 50 crore to Rs 7.5 crore. Earlier this limit was Rs 5 crore. The decision has been taken to increase credit flow to small businesses. The risk weight of 75 per cent will apply to all fresh exposures and also to existing exposures where incremental exposure may be taken by the banks up to the revised limit of Rs 7.5 crore.

58. 

Which card partnered with Signzy for global rollout of video KYC?

A. Mastercard
B. VISA
C. Paytm
D. Google Pay

Answer: Option A

Explanation:

Mastercard today announced a partnership with Signzy, a leading RegTech start-up based in India, to enable Signzy's video-based KYC (Know Your Customer) solution for its banking customers. With this partnership, Mastercard customers will benefit from a completely paperless, remote and secure on boarding solution for end-users.

59. 

Which bank launched ACE Credit Card in collaboration with Google Pay and Visa?

A. Yes Bank
B. Axis Bank
C. SBI
D. ICICI

Answer: Option B

Explanation:

Axis Bank on Monday announced the launch of its ACE Credit Card in India in collaboration with Google Pay and Visa. The card meant to help with digital payments. From application to issuance, with the entire user journey for the credit card application will be done digitally.

60. 

Who approved 300 million US dollar loan for Rajasthan's water supply?

A. World Bank
B. NABARD
C. ADB
D. RBI

Answer: Option C

Explanation:

India and the Asian Development Bank (ADB) has signed a 300 million US dollar loan to finance inclusive and sustainable water supply and sanitation infrastructure and services in 14 secondary towns of the state of Rajasthan. The project aims at providing better quality and more sustainable Water Supply and Sanitation (WSS) services in the project towns. it will improve quality of life in these towns, including for the poor and vulnerable after signing the loan agreement.