Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
61. 

Which bank has signed USD 200 mn financing deal with Reliance Bangladesh LNG and Power Limited for 718 mw power plant in Bangladesh?

A. WHO
B. SIDBI
C. IMF
D. ADB

Answer: Option D

Explanation:

The Asian Development Bank (ADB) has signed a USD 200 million financing deal with the Reliance Bangladesh LNG and Power Limited (RBLPL) to build and operate a 718 megawatt combined-cycle gas-fired power plant in Bangladesh. The project will reduce the current energy deficit and lead to more private sector investment in the country’s electricity sector.

62. 

How much percent LIC acquired as Stake of YES Bank?

A. 5.05%
B. 6%
C. 4.23%
D. 7.12%

Answer: Option C

Explanation:

Life Insurance Corporation of India(LIC) has acquired 4.23% Stake(105.98 crore shares) of YES Bank by purchasing from the open market. With this acquisition, the hold of LIC in YES Bank has increased from 0.75%(19 crore shares) to 4.98%(125 crore shares).

63. 

Who launched an Innovation Hub for Financial Inclusion, recently?

A. State Bank of India
B. Ministry of Finance
C. RBL Bank
D. Reserve Bank of India

Answer: Option D

Explanation:

The Reserve Bank of India launched "Innovation Hub" for ideation and incubation of new capabilities that can be leveraged to deepen financial inclusion. The hub is being launched to promote the start ups in the country. It will help in ideation and incubation of new capabilities. This will in turn help to deepen financial inclusion in the country and promote efficient banking services.

64. 

Who Appointed Sashidhar Jagdishan as Next MD & CEO of HDFC Bank?

A. Ministry of Finance
B. Ministry of Home Affairs
C. Government of India
D. RBI

Answer: Option D

Explanation:

The Reserve Bank of India(RBI) has approved Sashidhar Jagdishan as the next Managing Director(MD) and Chief Executive Officer(CEO) of HDFC Bank for a period of 3 years, effective from October 27, 2020 under Section 35B of the Banking Regulation Act 1949.

65. 

Which Bank Partnered with 3 insurers to Provide Individual Short-Term Corona Kavach Policy?

A. Canara Bank
B. SBI
C. Vijya Bank
D. Axis Bank

Answer: Option A

Explanation:

As part of a social commitment to compensate the unprecedented expenses of ordinary people, Canara bank has partnered with 3 insurers namely, New India Assurance Company Ltd, Bajaj Allianz General Insurance Co Ltd and HDFC ERGO Health Insurance Co Ltd to offer individual short-term Corona Kavach policy to cover their COVID-19 related health expenses.