Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
66. 

Which bank and Infosys Finacle announced the bank's decision to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business?

A. State Bank of India
B. Indian Commercial Bank
C. National Bank of Bahrain
D. None of these

Answer: Option C

Explanation:

National Bank of Bahrain (NBB) and Infosys Finacle announced the bank's decision to adopt the Finacle Cash Management Suite to digitally transform its transaction banking business. NBB will be implementing the Finacle Liquidity Management Platform and upgrading its existing Finacle Corporate Online Banking platform to a full-edged Digital Engagement Suite. This partnership comes as part of NBB's digital transformation, with the upgrades provided by the suite set to equip the bank with a modern system.

67. 

Which Bank unveils AXAA, an AI powered conversational banking IVR?

A. Bank of Baroda
B. Axis Bank
C. Adarsh Co-operative Bank
D. HDFC Bank

Answer: Option B

Explanation:

Axis Bank has partnered Bengaluru startup Vernacular.ai,an AI-based SaaS voice automation platform,to deploy multi-lingual BOT AXAA on its phone banking Interactive voice response (IVR) which helps to increase automation in customer service.

68. 

Which company partnered with Innoviti Payment Solutions Pvt. Ltd to launch the new credit card Equated Monthly Installments offering on POS terminals?

A. PNB Financial Solutions Limited
B. IOB Financial Solutions Limited
C. SBI Financial Solutions Limited
D. BOB Financial Solutions Limited

Answer: Option D

Explanation:

BOB Financial Solutions Limited partnered with Innoviti Payment Solutions Pvt. Ltd to launch New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals. The association of Bank of Baroda(BOB) Credit Card with Innoviti Payment Solutions will enable BOB credit card holders to access EMIs that can be repaid conveniently through their credit cards.

69. 

Which bank join hands with 3 insurers to Provide Individual Short-Term Corona Kavach Policy?

A. HDFC Bank
B. State Bank of India
C. ICICI
D. Canara Bank

Answer: Option D

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 to offer individual short-term Corona Kavach policy to cover their COVID-19 related health expenses.

70. 

__________ and Innoviti Payment Solutions launched the New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals.

A. Nainital Bank
B. BOB Financial Solutions Limited
C. Jammu & Kashmir Bank
D. Rajkot Nagarik Sahakari Bank

Answer: Option B

Explanation:

BOB Financial Solutions Limited partnered with Innoviti Payment Solutions Pvt. Ltd to launch the New Credit Card Equated Monthly Installments(EMI) offering on Point of Sale(POS) terminals. The association of Bank of Baroda(BOB) Credit Card with Innoviti Payment Solutions will enable BOB credit card holders to access EMIs that can be repaid conveniently through their credit cards. The Bank of Baroda credit cardholders pan India can receive the service from over 70,000 Innoviti POS terminals across more than 1,000 cities.