Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank received RBI approval to open 20 new branches in India, marking its largest expansion in over a decade?
Answer: Option
Explanation:
HSBC India has been granted approval by the Reserve Bank of India (RBI) to establish 20 new branches across key cities, marking its largest expansion in over a decade. This strategic move reflects the bank’s focus on India’s rapidly growing affluent and ultra-high net worth market. With the addition of these branches, HSBC India’s total network will increase to 46. The bank has also been strengthening its wealth solutions, including launching Global Private Banking in 2023 and acquiring L&T Investment Management in 2022, showcasing its commitment to catering to India’s burgeoning wealth markets.
Date : 2025-01-20
2.
Which bank partnered with Bajaj Broking to offer a unified 3-in-1 account integrating banking, broking, and investment services?
Answer: Option
Explanation:
Bajaj Broking has collaborated with Tamilnad Mercantile Bank (TMB) to introduce a 3-in-1 account that integrates banking, broking, and investment services. This partnership simplifies trading by enabling TMB customers to access Bajaj Broking’s advanced platform for seamless online trading, fund transfers, and reduced paperwork. The initiative enhances convenience and empowers investors with technology-driven tools and research insights for better decision-making in the financial market.
Date : 2025-01-09
3.
Which bank is merging with National Co-operative Bank as approved by the RBI?
Answer: Option
Explanation:
The Reserve Bank of India (RBI) has approved the merger of National Co-operative Bank (Bangalore) with Cosmos Co-operative Bank (Maharashtra), effective January 6, 2025. This merger is part of efforts to strengthen the cooperative banking sector. Post-merger, all branches of the National Co-operative Bank will function under the Cosmos Co-operative Bank umbrella. The decision comes after financial restrictions were imposed on the National Co-operative Bank due to weak financial performance, emphasizing the need for consolidation and stability in the sector.
Date : 2025-01-05
4.
Which bank launched the "Har Ghar Lakhpati" RD and "Patrons" FD schemes?
Answer: Option
Explanation:
SBI launched two innovative schemes: the "Har Ghar Lakhpati" recurring deposit scheme and the "SBI Patrons" fixed deposit scheme. The "Har Ghar Lakhpati" scheme encourages financial discipline by helping customers, including minors, save Rs. 1 lakh or more through pre-calculated plans. Meanwhile, the "SBI Patrons" scheme caters specifically to senior citizens aged 80+ by offering enhanced interest rates. These initiatives demonstrate SBI’s commitment to addressing diverse financial needs and promoting a culture of savings across demographics.
Date : 2025-01-04
5.
Which bank has launched a TAB-based digital onboarding process for NRIs to open NRE and NRO accounts?
Answer: Option
Explanation:
The State Bank of India (SBI) has introduced a TAB-based, fully digital onboarding process for Non-Resident Indians (NRIs) to open NRE and NRO accounts. Launched on January 2, 2025, this initiative eliminates the need for physical paperwork by enabling digital document verification. It ensures faster account setup and enhances convenience for NRIs. SBI’s commitment to integrating advanced technology into its services highlights its focus on efficiency and customer satisfaction in global banking.
Date : 2025-01-03
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