Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank received the inaugural BBB-/Stable investment-grade issuer credit rating from S&P Global Ratings?
Answer: Option
Explanation:
Federal Bank received its first-ever international issuer credit rating of BBB-/Stable for the long term and A-3 for the short term from S&P Global Ratings. This investment-grade rating reflects the bank’s strong financial fundamentals, disciplined risk management, healthy capitalisation, diversified funding profile, and consistent financial performance. A BBB- rating is the lowest level within the investment-grade category, indicating adequate financial strength, stable operating performance, and a strong ability to meet long-term financial commitments. The rating also enhances global investor confidence, improves access to capital, strengthens stakeholder trust, and reinforces the bank’s international credibility.
Date : 2026-07-11
2.
Which Indian bank partnered with Japan's Mizuho Bank to enhance collaboration in Mergers and Acquisitions (M&A) financing and related services?
Answer: Option
Explanation:
Bank of Baroda entered into a strategic partnership with Japan's Mizuho Bank on June 30, 2026, to strengthen cooperation in Mergers and Acquisitions (M&A) financing and related financial services. The collaboration focuses on joint origination, structuring, and syndication of acquisition financing, along with co-underwriting and selected M&A advisory deals. It also aims to develop preferred-partner channels for secondary risk distribution and sub-participation. By combining Mizuho Bank's global expertise with Bank of Baroda's strong domestic presence, the partnership is expected to support cross-border investment opportunities and corporate financing in India.
Date : 2026-07-05
3.
When did the Reserve Bank of India implement the revamped Integrated Ombudsman Scheme (RB-IOS, 2026)?
Answer: Option
Explanation:
The Reserve Bank of India (RBI) implemented the revamped Integrated Ombudsman Scheme (RB-IOS, 2026) with effect from July 1, 2026. The scheme replaced the 2021 framework while continuing the "One Nation, One Ombudsman" approach to provide jurisdiction-neutral grievance redressal. It covers banks, eligible NBFCs, non-bank prepaid payment instrument issuers, and credit information companies. The revised framework also specifies compensation limits, complaint timelines, and streamlined filing through the Centralised Receipt and Processing Centre (CRPC), the CMS portal, and a 24×7 multilingual contact centre to improve customer grievance resolution.
Date : 2026-07-04
4.
Which bank announced the acquisition of Deutsche Bank’s India retail, private banking, and wealth management operations on June 30, 2026?
Answer: Option
Explanation:
Kotak Mahindra Bank announced the acquisition of Deutsche Bank India’s retail, private banking, and wealth management businesses on June 30, 2026, in a deal valued at ₹282 crore. The acquisition includes a loan portfolio of ₹29,000 crore, deposits worth ₹16,000 crore, and assets under management (AUM) totalling ₹10,500 crore. This strategic move is expected to strengthen Kotak Mahindra Bank’s retail banking and wealth management presence while expanding its customer base and enhancing its market position in India's competitive banking sector.
Date : 2026-07-04
5.
Which bank celebrated its 119th Foundation Day by launching new digital banking initiatives, including CBDC services and a Digital Gold Loan facility?
Answer: Option
Explanation:
Punjab & Sind Bank celebrated its 119th Foundation Day on 30th June 2026 in New Delhi by introducing several digital banking initiatives aimed at enhancing customer services and operational efficiency. These included the launch of the Navjyoti mobile application for human resource management, Central Bank Digital Currency (CBDC) services, and a Digital Gold Loan facility. The bank also introduced the PSB Bharat Connect account, specially designed for central and state government employees. Established in 1908 and headquartered in New Delhi, Punjab & Sind Bank is one of India's leading public sector banks with the tagline, "Where Service is a Way of Life."
Date : 2026-07-03
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