Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank launched a global education payments service to facilitate tuition fee payments to over 600 international universities?
Answer: Option
Explanation:
HSBC India has launched a global education payments service that allows students and parents to directly pay tuition fees to more than 600 international universities and colleges. Accessible through the HSBC India mobile banking app, this service offers a fully digital process aimed at simplifying payments while reducing remittance costs compared to other available international education payment options. This initiative is designed to make education payments more efficient and cost-effective for customers.
Date : 2024-09-17
2.
Which bank is aiming to boost the income of 5 lakh marginal farmers by 2025 under its 'Parivartan' initiative?
Answer: Option
Explanation:
HDFC Bank is focusing on increasing the income of 5 lakh marginal farmers earning less than ₹60,000 annually by 2025 through its Corporate Social Responsibility (CSR) initiative known as 'Parivartan'. Launched in 2014, Parivartan is one of India’s largest CSR programs and covers various pillars such as skill development, financial literacy, healthcare, and rural development. This initiative aims to foster sustainable growth and uplift rural communities by addressing critical areas such as income enhancement for marginal farmers and promoting inclusive development.
Date : 2024-09-16
3.
Which major bank became the first to join the Partnership for Carbon Accounting Financials (PCAF)?
Answer: Option
Explanation:
Union Bank of India has become the first major Indian bank to join the Partnership for Carbon Accounting Financials (PCAF), a global initiative focused on assessing and disclosing greenhouse gas emissions linked to financial institutions' loans and investments. This move aligns with the Reserve Bank of India's new draft guidelines on climate-related financial risk disclosures, issued in February 2024. By joining PCAF, the Union Bank of India is taking a proactive step in managing financed emissions and enhancing its climate risk strategy.
Date : 2024-09-13
4.
Which major Indian bank became the first to join the Partnership for Carbon Accounting Financials (PCAF)?
Answer: Option
Explanation:
Union Bank of India has become the first major Indian bank to join the Partnership for Carbon Accounting Financials (PCAF), a global initiative that provides a standardized framework for assessing and disclosing greenhouse gas emissions linked to financial services. This move aligns with the Reserve Bank of India's (RBI) draft guidelines on climate risk disclosures, highlighting the bank's commitment to tracking and managing financed emissions. By joining PCAF, the Union Bank of India will take a significant step towards promoting sustainable finance and reducing its carbon footprint.
Date : 2024-09-11
5.
Which organization launched the 3rd edition of the Asha Scholarship Program?
Answer: Option
Explanation:
The State Bank of India (SBI) Foundation has launched the third edition of its Asha Scholarship Program, aimed at providing financial support to 10,000 talented students from underprivileged backgrounds. The scholarship program offers amounts ranging from Rs 15,000 to Rs 20 lakh, helping students from Class 6 to postgraduate levels achieve their educational goals. This initiative reflects SBI's commitment to fostering educational opportunities for disadvantaged students across India.
Date : 2024-09-09
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