Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | Amit Saxena, Global Deputy CTO of Which Bank has joined as the Chief Technology Officer of RBI Innovation Hub? |
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Answer: Option C Explanation: Amit Saxena, Global Deputy CTO of State Bank of India joined RBI Innovation Hub as the Chief Technology Officer (CTO).
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| 2. | The RBI has given its nod to which bank to form a special committee of directors in order to oversee the operations? |
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Answer: Option A Explanation: The Reserve Bank of India has given its approval to the Ujjivan Small Finance Bank (SFB) to form a special committee of directors so that they can oversee the operations in absence of a CEO and MD.
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| 3. | Which organization has partnered with the Assam government to provide project-specific loans for upgrading MSME clusters? |
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Answer: Option C Explanation: The Small Industries Development Bank of India has announced that project-specific moderately priced loan assistance under the SIDBI Cluster Development Fund (SCDF) will be extended to the state government of Assam for upgrading various existing MSME clusters and for developing new industrial infrastructural facilities in the state.
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| 4. | Which is the first bank in India to launch real-time online tracking for cross-border payments for corporate clients in partnership with SWIFT GPI? |
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Answer: Option C Explanation: DBS Bank has launched real-time online tracking for cross-border payments for its corporate clients, in partnership with SWIFT Global Payments Innovation (GPI).
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| 5. | Which subsidiary of ICICI Bank has ceased to function as the subsidiary of the bank? |
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Answer: Option A Explanation: The ICICI Lombard General Insurance has ceased to operate as the subsidiary of the ICICI Bank, as the shareholding of the ICICI Bank in the company has come down from 51.86 percent to 48.08 percent.
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