Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | Which bank set up new vertical "Emerging Entrepreneurs Business"? |
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Answer: Option A Explanation: Bandhan Bank has set up a new vertical called "Emerging Entrepreneurs Business (EEB)". The new vertical has been launched to support the emerging needs of the unbanked and underbanked segment of customers. The vertical will focus on supporting this segment of customers in their journey to becoming entrepreneurs. In addition to micro loans, the vertical will also manage micro home loan, micro bazaar loan and micro enterprise loan.
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| 2. | Which bank launched new gold loan scheme? |
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Answer: Option A Explanation: The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) has launched a special gold loan scheme -- Vikas Laghu Suvarna -- with a reduced interest rate of 7.25 per cent. Quoting P Gopi Krishna, Chairman of the bank, a press release said on Friday that the bank has reduced the rate of interest to provide easy and affordable credit to needy customers at a cheaper cost considering the pandemic situation in the country.
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| 3. | Which bank introduced i-Lead 2.0 to boost customer services? |
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Answer: Option B Explanation: Public sector lender Canara Bank has launched lead management system (LMS) - i-Lead 2.0 (Inspiring Leads System version 2.0). The system has been launched to provide its services to customers irrespective of where they reside.
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| 4. | Which bank unveiled hassle-free, online SME loans? |
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Answer: Option B Explanation: Driven by its constant focus on building seamless, intuitive and hassle-free banking solutions for customers, DBS Bank India today unveiled its online credit solutions platform - DBS Digital Business Loans for SMEs. This segment-flagship platform from DBS improves the ease of accessing business credit for the entire spectrum of micro, small and medium-sized enterprises, offering credit up to INR 20Cr.
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| 5. | In September 2020, National Bank for Agriculture and Rural Development (NABARD) gave in-principle sanction worth how much amount of proposals received from agri-credit societies in 22 states? |
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Answer: Option B Explanation: The National Bank for Agriculture and Rural Development (NABARD) has given in-principle sanction for Rs 1,568 crore worth of proposals received from agri-credit societies in 22 states under the recently launched Rs 1 lakh crore Agri Infrastructure Fund.
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