Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | Which bnak has collaborated with Innoviti Payment Solutions Pvt. Ltd. to provide EMI billing options on Debit Cards which are swiped on Innoviti Point of Sale terminals? |
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Answer: Option A Explanation: Kotak Mahindra Bank (Kotak) and Innoviti Payment Solutions Pvt. Ltd. announced that they have collaborated to provide Equated Monthly Installments(EMI) billing options on Kotak Debit Cards which are swiped on Innoviti Point of Sale(POS) terminals.
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| 2. | Which Bank announced that it will offer 'ZipDrive', an online instant auto loan to its customers in 1,000 cities? |
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Answer: Option A Explanation: HDFC Bank announced that it will offer 'ZipDrive', an online instant auto loan to its customers in 1,000 cities. The auto loan disbursal product is only for customers with pre-approved offers. It is a technology-enabled loan product where credit assessment is done by banking software.
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| 3. | Which Bank has joined the Paris (France)-based Network for Greening the Financial System as an observer? |
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Answer: Option B Explanation: Asian Development Bank (ADB), a regional development bank, has joined the Paris (France)-based Network for Greening the Financial System (NGFS) as an observer. The NGFS is a global forum that brings together central banks and supervisors committed to understanding and managing the financial risks and opportunities associated with climate change.
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| 4. | Which bank in partnership with Computer Age Management Services launched 'Insta Loans against Mutual Funds', a facility for retail customers to avail loans upto Rs 1 crore? |
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Answer: Option B Explanation: ICICI Bank in partnership with Computer Age Management Services(CAMS) launched 'Insta Loans against Mutual Funds', a facility for retail customers to avail loans upto Rs 1 crore instantly by pledging their holdings in both debt and equity Mutual Funds(MFs).
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| 5. | Who is appointed as the New Managing Director of the Cholamandalam MS General Insurance Company promoted? |
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Answer: Option B Explanation: The Cholamandalam MS General Insurance Company promoted V Suryanarayanan, President and COO of the company as the New Managing Director (MD) with effect from 1st July 2020 succeeding SS Gopalarathnam.
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