Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
71. 

The Centre has appointed M Rajeshwar Rao as the new deputy governor of which bank?

A. Reserve Bank of India
B. Central Bank of India
C. State Bank of India
D. Punjab National Bank

Answer: Option A

Explanation:

The Centre has appointed M Rajeshwar Rao as the new deputy governor of the Reserve Bank of India on 7th October 2020. Prior to this, M Rajeshwar Rao was an executive director at RBI. He succeeds NS Vishwanathan as the central bank's fourth deputy governor. NS Vishwanathan resigned from the post in March 2020 before the completion of his term in June, citing health reasons.

72. 

Dinesh Kumar Khara became the new Chairman of which bank?

A. SBI
B. RBI
C. PNB
D. ICICI

Answer: Option A

Explanation:

The government of India has appointed Dinesh Kumar Khara as the new Chairman of State Bank of India for a period of three years. His appointment is effective from October 7. Currently, Khara is the Managing Director in-charge of Global Banking & Subsidiaries. The Banks Board Bureau (BBB) had recommended Khara for the post of Chairman of SBI on August 28, ruling out an extension to Rajnish Kumar, whose term is ending on October 6.

73. 

Which bank offered debit card for customers availing LAS?

A. HDFC
B. PNB
C. ICICI
D. SBI

Answer: Option C

Explanation:

ICICI bank has launched a debit card facility for the customers availing the Loan Against Securities (LAS) from the Bank. The debit card is available on the Visa platform. With this launch, ICICI Bank has become the first bank in India to launch such a facility. The LAS debit can be used by customers across all domestic merchant establishments to make seamless POS and online transactions like payments on e-commerce portals among others, using their sanctioned LAS amount.

74. 

AEPL is to receive $15 Million from which bank to expand its solar portfolio?

A. RBI
B. World Bank
C. Asian Development Bank
D. None of these

Answer: Option C

Explanation:

The Asian Development Bank (ADB) announced that it has signed an agreement to invest $15 million in Avaada Energy Private Limited (AEPL) to help expand the company's solar generation capacity in the country. According to its press release, this investment will come from ADB's Ordinary Capital Resources and from Leading Asia's Private Infrastructure Fund (LEAP), with both funds investing $7.5 million each.

75. 

Gram Sampark Abhiyan is the financial inclusion initiative of which bank?

A. SBI
B. BOB
C. PNB
D. Indian Bank

Answer: Option C

Explanation:

Punjab National Bank (PNB) has launched a 3 months long nationwide campaign of financial inclusion and literacy initiative "Gram Sampark Abhiyan". It was launched by Minister of Agriculture and Farmers and Welfare Narendra Singh Tomar on the lines of "Aatmanirbhar Bharat'.

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