Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | Which financial institute approved $50 million policy based loan to boost West Bengal's digital platform? |
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Answer: Option B Explanation: The Asian Development Bank has approved a $50 million policy-based loan to improve operational efficiencies and resource planning and management in India's eastern state of West Bengal.
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| 2. | The RBI has proposed merging financially troubled lakshmivilas bank with which bank? |
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Answer: Option B Explanation: The Reserve Bank has proposed merging Lakshmi Vilas Bank (LVB) with DBS Bank India Ltd (DBIL). DBIL will inject Rs 2,500 crore into the merged entity to support its financial position.
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| 3. | Which bank become India's first bank to launch cardless EMI facilities? |
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Answer: Option B Explanation: ICICI Bank is the first in the industry to introduce a fully digital, cardless EMI facility at retail stores. ICICI Bank has tied up with Pine Labs to offer this facility across pan-India outlets of leading retailers
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| 4. | Which of the following banks has been kept in the red flag list for monitoring foreign portfolio investor limits? |
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Answer: Option D Explanation: HDFC Bank and IndusInd Bank have been put in the 'red flag' list, a system used for monitoring foreign portfolio investor (FPI) limits. A listed company enters the list when the available legroom for overseas investment is less than 35% of the permissible limit.
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| 5. | Which bank has launched CASA mobilization campaign? |
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Answer: Option D Explanation: Karnataka Bank launched CASA campaign of FY21, a nationwide savings and current account mobilization campaign starting from November 17, 2020 to March 4, 2021.
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