Exercise :: Banking - Latest Current Affairs
- Banking - Latest Current Affairs
| 1. | IEPFA with which bank has signed MoU for Investor awareness? |
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Answer: Option D Explanation: Investor Education & Protection Fund Authority (IEPFA) signs MOU with Bank of Baroda for information dissemination and reaching out to investors and stakeholders. The exercise aims to help various investors who often fall prey to tempting offers for investments and Ponzi schemes. The MoU will spread customer awareness and investor education by strengthening ties with IEPFA.
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| 2. | U GRO Capital with which bank has recently signed loan co-origination partnership? |
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Answer: Option A Explanation: On November 25, 2019 capital market company NewQuest's U GRO Capital has entered into a co-origination partnership with the State Bank of India(SBI) in order to provide widened credit outreach and faster disbursal. Through U GRO Capital's platform "GRO-Xstream", in-principle loan approval will be done within 60 minutes.
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| 3. | How much minimum balance penalty was collected by Public sector banks in 2018-19? |
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Answer: Option A Explanation: Public sector banks collected Rs 1,996.46 crore in penalty from customers for not keeping minimum monthly balance in savings account in 2018-19. In 2017-18, the 18 public sector banks collected Rs 3,368.42 crore by levying minimum balance penalty.
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| 4. | Banks can no longer charge account holders for online transactions in the NEFT system from which month? |
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Answer: Option B Explanation: From January 2020, banks can no longer charge savings bank account holders for online transactions in the NEFT system. The Reserve Bank of India (RBI) has now mandated banks to do this. RBI stated that it is doing this to promote digital payments.
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| 5. | Which bank has partnered with Government e-Marketplace for payment related issues? |
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Answer: Option B Explanation: GeM signed MoU with Central Bank of India. The Central Bank of India will be able to offer an array of services includes the transfer of funds through GeM Pool Accounts (GPA) to the registered users on the portal. The payments and various banking services is one of the priorities for GeM towards the goal of a paperless, contactless and cashless system. GeM already signed MoU with 18 Public Sector and Private Banks.
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