Current Affairs - Banking
Why should I study the current affairs questions and answers section on "Banking" daily?
Read the daily current affairs questions and answers section on "Banking" to enhance your general knowledge for clearing competitive examinations and placement interviews.
Where can I get the current affairs questions and answers section on "Banking"?
IndiaBIX provides you with daily current affairs questions and answers with explanations.
Where can I get the current affairs MCQ questions and answers section on "Banking" (objective type, multiple choice)?
Here you can find multiple-choice-type current affairs questions and answers on "Banking" for your interviews and competitive examinations. All the CA questions are arranged in different categories, including date-wise.
How do I download the current affairs questions section on "Banking" in PDF format?
You can download the current affairs quiz questions and answers section on "Banking" as PDF files or eBooks.
How do I answer the current affairs quiz section on "Banking"?
You can answer any current affairs quiz question on "Banking" by reading this current affairs section daily.
Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank extended Ketan Merchant’s tenure as Interim Managing Director and Chief Executive Officer for another three months from August 27, 2026?
Answer: Option
Explanation:
Fino Payments Bank extended Ketan Merchant’s tenure as Interim Managing Director and Chief Executive Officer for another three months, beginning August 27, 2026. The extension was recommended by the Nomination & Remuneration Committee and approved by the bank’s board. It remains subject to approval from the Reserve Bank of India (RBI). Merchant assumed the interim leadership role on May 27, 2026, following the resignation of Rishi Gupta. Before becoming interim CEO, Merchant served as the bank’s Chief Financial Officer. The extension ensures continuity in leadership during the transition period.
Date : 2026-08-26
2.
Which bank raised $500 million through its first-ever international bond issuance in August 2026?
Answer: Option
Explanation:
IDFC First Bank raised $500 million through its maiden overseas bond issuance on August 19, 2026, marking its entry into global debt markets. The bank issued three-year fixed-rate senior notes carrying a coupon rate of 5.625%, with the bonds scheduled to mature in 2029. The issuance was conducted through the bank’s International Financial Services Centre (IFSC) Banking Unit at GIFT City in Gandhinagar. S&P Global Ratings assigned the bonds a BBB- long-term issuer credit rating with a stable outlook. The funds are intended to diversify the bank’s funding base and support its long-term expansion plans.
Date : 2026-08-24
3.
What is the maximum shareholding that LIC is permitted to acquire in HDFC Bank after receiving approval from the RBI?
Answer: Option
Explanation:
9.99% is the maximum shareholding that the Life Insurance Corporation of India (LIC) is permitted to acquire in HDFC Bank following approval from the Reserve Bank of India on August 19, 2026. LIC’s holding was 4.11% as of August 14, 2026, and the RBI allowed it to increase its stake up to 9.99% of HDFC Bank’s paid-up share capital or voting rights. The acquisition must comply with RBI’s Master Directions on share acquisition in private banks and relevant SEBI regulations. The move is intended to strengthen LIC’s investment exposure to the financial services sector.
Date : 2026-08-23
4.
Which bank launched the women-focused YES Essence Credit Card in August 2026?
Answer: Option
Explanation:
YES Bank launched the YES Essence Credit Card on August 19, 2026, as a lifestyle and health-oriented financial product specifically designed for women. The card targets young professionals, salaried customers, and digitally active women. It offers accelerated reward points on dining, grocery, shopping, beauty, and travel, along with milestone rewards of up to 10,000 YES Rewardz points. Healthcare benefits include an annual preventive health check-up and specialised cancer marker screening. The card also provides lifestyle benefits such as BOGO movie tickets, complimentary coffee, welcome vouchers, and birthday vouchers.
Date : 2026-08-21
5.
Which postal organisation partnered with India Post to launch the PosTransfer UPI remittance service for direct money transfers to UPI-enabled accounts in India?
Answer: Option
Explanation:
Qatar Post partnered with India Post to launch the PosTransfer remittance service on August 15, 2026, enabling customers in Qatar to transfer money directly to UPI-enabled accounts in India. The service operates through Qatar Post outlets and uses the recipient’s UPI ID. The initiative involves the Universal Postal Union’s Interconnection Platform and NPCI International Payments Limited (NIPL). Transactions can range from QAR 10 to QAR 4,000, with a maximum equivalent of ₹1 lakh per transaction and a flat service fee of QAR 15. The service creates a digital remittance corridor for the Indian diaspora in Qatar.
Date : 2026-08-20
Quick links
Quantitative Aptitude
Verbal (English)
Reasoning
Programming
Interview
Placement Papers