Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank became the first in India to issue a fully digital Foreign Portfolio Investor (FPI) licence using an end-to-end online process with e-signatures?
Answer: Option
Explanation:
Kotak Mahindra Bank achieved a significant milestone by becoming the first institution in India to issue a fully digital FPI licence. The entire process, from application to approval, was completed online using electronic signatures, without any physical paperwork. This was enabled by SEBI’s unified digital workflow, which allows seamless coordination among custodians and market intermediaries. The initiative simplifies onboarding for foreign investors, reduces time and compliance costs, and enhances transparency. By adopting global best practices in digital finance, this step strengthens India’s capital market infrastructure and supports the country’s broader push for ease of doing business and Digital India.
Date : 2026-02-08
2.
Which Indian private sector bank received RBI approval for Blackstone’s acquisition of up to a 9.99% stake?
Answer: Option
Explanation:
Federal Bank is an Indian private sector bank that received approval from the Reserve Bank of India for Blackstone’s strategic investment. The clearance allows Blackstone to acquire up to a 9.99% stake, making it the bank’s largest shareholder while remaining within regulatory limits. This move highlights increasing foreign investor interest in India’s banking sector and underscores RBI’s role in overseeing ownership norms. The investment strengthens the bank’s capital position, supports future growth, and reflects confidence in its governance and management framework.
Date : 2026-02-06
3.
Which bank partnered with Tripura Gramin Bank to launch India’s first RRB co-branded RuPay Credit Card?
Answer: Option
Explanation:
Punjab National Bank collaborated with Tripura Gramin Bank to launch the nation’s first co-branded RuPay Credit Card by a regional rural bank. This initiative marked a significant milestone in advancing digital financial inclusion, especially for customers in rural and semi-urban areas. By leveraging the RuPay ecosystem, the partnership aims to enhance access to secure credit facilities while promoting digital payment adoption. The launch, coinciding with Tripura Gramin Bank’s Golden Jubilee, sets a new benchmark for regional rural banks in offering modern banking products and supports the broader goal of expanding inclusive and technology-driven financial services across the country.
Date : 2026-02-05
4.
Which asset management company partnered with the Central Bank of India to distribute mutual fund products?
Answer: Option
Explanation:
The Central Bank of India entered into a partnership with HSBC Asset Management (India) Private Limited to offer mutual fund products to its customers. Through this collaboration, customers of the public sector bank can access professionally managed mutual fund schemes, expanding their investment choices beyond traditional savings products. The initiative is designed to help customers generate better long-term wealth by leveraging expert fund management and diversified portfolios. By associating with HSBC, a globally recognized financial institution, the Central Bank of India aims to strengthen its investment offerings and support customers in achieving improved financial planning and savings outcomes.
Date : 2026-02-04
5.
Which bank launched the premium LUXURA Metal Credit Card on the VISA Infinite platform?
Answer: Option
Explanation:
The LUXURA Metal Credit Card was introduced as a premium offering designed for high-net-worth individuals seeking global acceptance and exclusive lifestyle benefits. Punjab National Bank launched this card on the VISA Infinite platform to strengthen its premium banking portfolio. The card comes with several high-end features such as accelerated reward points, zero foreign exchange markup, complimentary access to global airport lounges, and round-the-clock VISA concierge services. By launching this metal credit card, the bank aims to combine luxury, convenience, and personalised services, enhancing its appeal among affluent customers and expanding its presence in the premium credit card segment.
Date : 2026-02-04
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