Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
What percentage stake did TVS Venu Group acquire in Jana Small Finance Bank in May 2026?
Answer: Option
Explanation:
TVS Venu Group acquired a 9.9% stake in Jana Small Finance Bank for ₹193.3 crore as part of its strategy to strengthen its presence in the financial services sector. The transaction included both primary warrant subscriptions and secondary share purchases from Jana Holdings. Additionally, TVS Motor Company directly secured a 4.9% holding in the bank. Jana Small Finance Bank, headquartered in Bengaluru, began operating as a Small Finance Bank in 2018. This investment also aligns with the broader expansion plans of the TVS Group in banking, lending, and asset management services.
Date : 2026-05-23
2.
Which bank partnered with Mahindra & Mahindra to launch India’s first sustainability-linked dealer financing program in the automotive sector?
Answer: Option
Explanation:
Mahindra & Mahindra collaborated with DBS Bank India to introduce the Indian automotive sector’s first sustainability-linked dealer financing initiative. The program offers favourable financing rates to vehicle dealers based on their environmental performance and sustainability practices. Assessment criteria include greenhouse gas emissions, water conservation, renewable energy usage, waste management, rainwater harvesting, and EV charging infrastructure. The initiative also encourages higher sales of electric SUVs. This partnership aligns with India’s broader climate commitments and net-zero goals for 2070. It also supports Mahindra’s Green Dealership Program and reflects the growing role of sustainable finance in promoting environmentally responsible business operations in India.
Date : 2026-05-22
3.
In which city was India’s first AI-powered “phygital” bank branch inaugurated in May 2026?
Answer: Option
Explanation:
India’s first AI-powered “phygital” bank branch was inaugurated in Guwahati, Assam, on May 16, 2026. Opened by Assam Chief Minister Himanta Biswa Sarma, the innovative branch of Slice Small Finance Bank combines physical banking services with advanced digital infrastructure. The facility uses AI-enabled self-service kiosks, paperless onboarding systems, and automated banking processes to enhance customer convenience and efficiency. One of its key features allows users to access working capital directly through UPI without a separate loan application. The initiative is designed to support digital transformation and improve financial accessibility for small business owners and women entrepreneurs.
Date : 2026-05-21
4.
Which bank launched the Business Multiplier Credit Card for entrepreneurs and small business owners in May 2026?
Answer: Option
Explanation:
IDFC FIRST Bank launched the Business Multiplier Credit Card on May 19, 2026, to support early-stage entrepreneurs, founders, and small business owners. The secured credit card is issued against a fixed deposit, removing the need for traditional credit history, profitability records, or high credit scores. It provides a 100% credit limit against the linked deposit, along with lower interest rates and zero forex markup charges for international transactions. The product is designed to improve financial access for startups and growing businesses while offering flexibility to scale credit limits through additional fixed deposits without undergoing fresh underwriting procedures.
Date : 2026-05-20
5.
Which bank partnered with Visa to launch a USD-denominated debit card for NRIs through its GIFT City branch?
Answer: Option
Explanation:
ICICI Bank launched a USD-denominated debit card for Non-Resident Indians (NRIs) in partnership with Visa through its GIFT City branch. Built on the Visa Infinite platform, the card is linked to a USD Global Savings Account maintained at the GIFT City International Banking Unit. The initiative aims to reduce international transaction costs by eliminating traditional currency markup fees and GST charges usually applied to Indian debit cards. It also offers zero forex markup on direct USD transactions, providing significant annual savings for frequent international users. The service is especially targeted at NRIs, overseas professionals, and families supporting international education expenses.
Date : 2026-05-20
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