Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | How many DCBs will be merged to form Kerala Bank? |
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Answer: Option B Explanation: The Reserve Bank of India (RBI) approved the amalgamation of all the 13 district co-operative banks (DCBs) of Kerala with Kerala State Co-operative Bank to form the Kerala Bank.
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| 2. | Who among the following has been launched as the chief operating officer of Yes Bank? |
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Answer: Option A Explanation: Yes Bank Ltd appointed Anita Pai as the chief operating officer (COP). It also appointed Jasneet Bachal as the chief marketing officer (CMO) of the bank.
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| 3. | Which Bank has recently reduced the lending rates by ten basis points? |
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Answer: Option B Explanation: The State Bank of India (SBI) on October 10, 2019 reduced its lending rates by ten basis points and revised the savings rate by 25 basis points for fixed deposits under Rs 1 lakh.
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| 4. | Reserve Bank of India (RBI) has put the Prompt Corrective Action (PCA) Framework against which bank? |
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Answer: Option B Explanation: The country's central bank, Reserve Bank of India (RBI) has put the Prompt Corrective Action (PCA) Framework against Lakshmi Vilas Bank (LVB) after an inquiry against the directors of the bank over the alleged fraud. RBI puts the bank in PCA due to reasons like high net NPA (Non Performing Assets), insufficient capital to risk-weighted assets ratio (CRR) and Common Equity Tier 1 (CET1) negative RoA (Return on assets) for two consecutive years and high leverage, based on the on-site inspection under the Risk Based Supervision carried out for the year ended 31 March, 2019. The bank's net NPA registered at 7.49%, capital adequacy ratio was at 7.72% and its RoA was -2.32% as on March 2019.
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| 5. | What is the name of submarine which is commissioned by Shri Rajnath Singh to modernize the Navy and equip it with the best platforms, weapons? |
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Answer: Option C Explanation: Union Defence Minister Rajnath Singh commissioned (September 28, 2019) the INS Khanderi in Mumbai, making it the second Scorpene-class submarine to join the submarine arm of the Indian Navy.
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