Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank launched the new brand identity named ‘Fortuna Wave’ to position itself as a digital-first, pan-India institution?
Answer: Option
Explanation:
Federal Bank introduced the ‘Fortuna Wave’ brand identity to refresh its image and reinforce its positioning as a digital-first, pan-India banking institution. The launch, held in Mumbai, was aimed at attracting younger and tech-savvy customers while maintaining trust among existing users. Federal Bank emphasized core values such as authenticity, prosperity, and togetherness through this new identity. By creating a unified visual language across both digital platforms and physical branches, Federal Bank seeks to strengthen brand recognition, enhance customer engagement, and align itself with the evolving landscape of modern banking in India.
Date : 2026-01-10
2.
Which bank launched the ‘Safety Centre’ on its mobile banking app to enhance customer control over digital banking security?
Answer: Option
Explanation:
Axis Bank introduced the ‘Safety Centre’ on its mobile banking app to empower customers with real-time control over digital banking functions. The feature allows users to manage internet banking, UPI usage, fund transfer limits, and fraud protection tools directly through the app. Key tools include SMS Shield for verifying genuine messages, options to disable internet banking, and restrictions on fund transfers. By enabling self-managed security, Axis Bank aims to prevent unauthorized transactions, address rising digital fraud cases, and reduce dependency on branches or customer support, thereby promoting safer and more convenient digital banking experiences.
Date : 2026-01-08
3.
Which Indian private sector bank unveiled its refreshed brand identity called ‘The Fortuna Wave’ in January 2026, emphasizing modernization and digital banking?
Answer: Option
Explanation:
Federal Bank launched its new brand identity, ‘The Fortuna Wave’, on January 7, 2026, in Mumbai, with Vidya Balan as the brand ambassador. The refreshed logo features three waves symbolizing authenticity, togetherness, and prosperity, designed to be digital-friendly and visually appealing across platforms. This brand refresh reflects Federal Bank’s commitment to modernization, innovation, and future-ready digital banking solutions. Established in 1931 in Aluva, Kerala, Federal Bank has evolved into a pan-India private sector bank offering retail, corporate, NRI, lending, and digital banking services, and the rebranding reinforces its contemporary identity and customer-centric vision.
Date : 2026-01-08
4.
Which bank launched the ‘Zero-Forex Diamond Reserve Credit Card’ offering zero foreign exchange markup along with travel and lifestyle benefits?
Answer: Option
Explanation:
IDFC FIRST Bank introduced the Zero-Forex Diamond Reserve Credit Card in January 2026, targeting frequent international travelers and premium lifestyle users. The card eliminates foreign exchange markup, making overseas spending and online international purchases cost-effective. It also offers extensive benefits, including travel insurance, airport lounge access, meet-and-greet services, and reward points on hotels, flights, and other spending. With a digital-first application process, annual fee waivers on high spends, and a robust rewards ecosystem, this launch strengthens IDFC FIRST Bank’s presence in the premium credit card segment and enhances convenience and value for global and lifestyle-oriented customers.
Date : 2026-01-08
5.
Which bank received approval from the Reserve Bank of India to acquire up to a 9.5% stake in IndusInd Bank?
Answer: Option
Explanation:
The Reserve Bank of India granted approval to HDFC Bank and its group entities to acquire up to a 9.5% aggregate stake in IndusInd Bank. This approval allows HDFC Bank to make a strategic investment while staying within the regulatory framework governing bank ownership and voting rights. The permission is time-bound and valid until December 2026, ensuring regulatory oversight during the investment period. By allowing HDFC Bank to increase its exposure under a defined limit, the RBI balances growth opportunities for the bank with safeguards related to control, governance, and financial stability in the Indian banking system.
Date : 2025-12-21
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