Current Affairs - Banking

Why Current Affairs Banking?

In this section you can learn and practice Current Affairs Questions based on "Banking" and improve your skills in order to face the interview, competitive examination and various entrance test (CAT, GATE, GRE, MAT, Bank Exam, Railway Exam etc.) with full confidence.

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Where can I get Current Affairs Banking Interview Questions and Answers (objective type, multiple choice)?

Here you can find objective type Current Affairs Banking questions and answers for interview and entrance examination. Multiple choice and true or false type questions are also provided.

How to solve Current Affairs Banking problems?

You can easily solve all kind of Current Affairs questions based on Banking by practicing the objective type exercises given below, also get shortcut methods to solve Current Affairs Banking problems.

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
1. 

Which bank has signed BEML Limited (Bharat Earth Movers Limited) for financing Earth Moving and Construction Equipment?

A. Bank of Baroda
B. UCO Bank
C. Syndicate Bank
D. Punjab National Bank

Answer: Option C

Explanation:

Syndicate Bank and BEML Limited (Bharat Earth Movers Limited) have signed an agreement for financing Earth Moving and Construction Equipment which is manufactured by BEML. Also, it will facilitate the availability of loans and address the growing demand for higher capacity equipment in the Mining Industry.Under this agreement, the customers will be provided loans in the range of Rs 20 Lakh to Rs 300 Lakh and preferential pricing by Syndicate Bank. Also, Syndicate Bank and BEML expect to book business worth Rs.100 crore by March 2020.

2. 

Which public sector bank's authorized capital was increased by the central government in consultation with RBI recently?

A. Canara Bank
B. State Bank of India
C. Bank of Baroda
D. Allahabad Bank

Answer: Option D

Explanation:

The central government has increased the authorized capital of state-owned Allahabad Bank from Rs. 3,000 crore to Rs. 8,000 crore after consultation with the Reserve Bank of India.This move by the central government has enabled Allahabad bank to raise further fund up to a maximum ceiling of Rs. 8,000 crore.

3. 

Name the Bank which got RBI approval for holding up to 9.9 percent stake in Bandhan Bank.

A. SBI
B. Yes
C. Axis
D. HDFC

Answer: Option D

Explanation:

The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 per cent stake in Bandhan Bank following the Gruh Finance deal. Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January. After the deal was announced, HDFC made an application to the RBI for holding shares in Bandhan Bank. Recently RBI gave its approval to HDFC to acquire the shareholding of up to 9.9 per cent of the paid-up capital of Bandhan Bank upon the effective date of the scheme of amalgamation.

4. 

Which bank receives NCLT approval for merger with Bharat Financial Inclusion?

A. RBL Bank
B. Kotak Mahindra Bank
C. IndusInd Bank
D. IDBI Bank

Answer: Option C

Explanation:

National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company. Last year, IndusInd Bank received 'No Objection' from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange As per the report, the merger is expected to complete within 2-4 weeks. IndusInd Bank Ltd's share price is currently at Rs1,686.85, up by Rs32.25 or 1.95%, from its previous close of Rs1,654.60 on the BSE. The current market cap of the company is Rs 99,750.17crores.

5. 

The first Destination Bank to launch debit card based e-mandates On NPCIs E-Mandate API Platform.

A. Syndicate Bank
B. IDBI Bank
C. RBL Bank
D. Kotak Mahindra Bank

Answer: Option D

Explanation:

Kotak Mahindra Bank is the first debit card based authentication solution on NPCI's (National Payments Corporation of India) e-Mandate (electronic mandate) API (Application Program Interface) platform first ever Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication. The main objective of this initiative is to enable Kotak customers to create electronic mandates (similar to the former eNACH with Aadhaar + OTP) (eNACH- Electronic National Automated Clearing House; OTP- One Time Password) via both debit card and net banking provision. As API based e-mandates are customer-friendly, fast, frictionless and paperless, the initiative would help in making its customers' lives hassle free for handling recurring payments.