Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
61. 

What is the deadline set by the RBI for all bank branches to implement the image-based Cheque Truncation System (CTS)?

A. March 31, 2021
B. September 30, 2021
C. April 30, 2021
D. August 31, 2021

Answer: Option B

Explanation:

The Reserve Bank of India has asked banks to implement the image-based Cheque Truncation System in all branches by September 30, 2021.

62. 

Which bank has launched the Garima Savings Account for women?

A. BOI
B. SBI
C. HDFC Bank
D. Ujjivan Bank

Answer: Option D

Explanation:

The Ujjivan Small Finance Bank announced the launch of Women Savings Account catering to the financial needs of women.

63. 

Which bank has topped the list of "Digital Payment Scorecard" released by Ministry of Electronics & Information Technology (MeitY)?

A. State Bank of India
B. ICICI Bank
C. Punjab National Bank
D. HDFC Bank

Answer: Option A

Explanation:

The Ministry of Electronics & Information Technology (MeitY) has released the list of "Digital Payment Scorecard". In the list, the State Bank of India (SBI) has topped for the third consecutive months.

64. 

Which bank has been taken out of the Prompt Corrective Action (PCA) framework by RBI?

A. Central Bank of India
B. IDBI Bank
C. UCO Bank
D. Indian Overseas Bank

Answer: Option B

Explanation:

The Reserve Bank of India has taken the IDBI Bank, out of the Prompt Corrective Action (PCA) framework amid the improving finances of the bank, however it is subjected to certain conditions and continuous monitoring.

65. 

Imran Amin Siddiqui has been appointed as the Executive Director (ED) of which bank?

A. Indian Bank
B. Canara Bank
C. Punjab National Bank
D. Bank of Baroda

Answer: Option A

Explanation:

Imran Amin Siddiqui, the General Manager of state-owned Indian Bank, has been appointed as the Executive Director (ED) of the Bank.