Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank partnered with the Government e-Marketplace (GeM) to provide credit support to sellers under the GeM Sahay initiative?
Answer: Option
Explanation:
Punjab National Bank (PNB) partnered with the Government e-Marketplace (GeM) to enhance credit access for platform sellers through the GeM Sahay initiative. Under this collaboration, PNB provides unsecured short-term loans against confirmed purchase orders generated on the GeM portal. This financing mechanism helps address working capital needs and improves liquidity for Micro, Small, and Medium Enterprises (MSMEs), startups, and other emerging businesses. The initiative also integrates financial services into the digital procurement ecosystem, ensuring the timely execution of government orders and strengthening the overall efficiency of public procurement in India.
Date : 2026-04-10
2.
Which bank launched the AI-powered conversational platform ‘bob SAMVAD’ for multilingual communication in April 2026?
Answer: Option
Explanation:
Bank of Baroda introduced the ‘bob SAMVAD’ platform as an AI-driven solution to enhance customer interaction at its branches. The platform enables real-time communication in 22 languages using advanced features like voice-to-text and text-to-speech conversion. Initially deployed across 250 branches in multiple states, it aims to improve accessibility for customers with diverse linguistic backgrounds. Developed in-house, the system ensures low-latency responses for smooth communication. This initiative reflects the bank’s focus on digital innovation and customer-centric services, strengthening its position as a leading public sector bank in India.
Date : 2026-04-09
3.
Which bank received the ‘National Award for Outstanding Performance in SHG Bank Linkage 2024-25’ for its contribution to rural empowerment?
Answer: Option
Explanation:
Karnataka Grameena Bank was honoured with the ‘National Award for Outstanding Performance in SHG Bank Linkage 2024-25’ by the Union Ministry of Rural Development for its exceptional contribution to rural empowerment and financial inclusion. The bank has played a crucial role in supporting Self-Help Groups (SHGs) by extending ₹2,835 crore in credit to over 80,000 groups, primarily benefiting rural women. Its efforts are aligned with the Deendayal Antyodaya Yojana - National Rural Livelihoods Mission, and its strengthened institutional structure has further enhanced its outreach and effectiveness.
Date : 2026-03-25
4.
Which bank was penalised by the RBI for non-compliance with deposit norms?
Answer: Option
Explanation:
HSBC faced a monetary penalty of ₹31.80 lakh imposed by the Reserve Bank of India due to deficiencies in regulatory compliance. The bank failed to maintain a searchable database of unclaimed deposits on its official website and did not generate or assign the Unclaimed Deposits Reference Number (UDRN) for certain deposits transferred to the Depositor Education and Awareness Fund. These lapses were identified during a statutory inspection of its financial position as of March 31, 2025. The penalty highlights the importance of adhering to RBI guidelines and maintaining transparency in banking operations.
Date : 2026-03-24
5.
Which bank launched India's first UPI-linked overdraft facility for Women Self-Help Group members?
Answer: Option
Explanation:
Bank of Baroda introduced India’s first UPI-linked overdraft facility specifically designed for Women Self-Help Group members, marking a major step in financial inclusion. The initiative allows eligible users to access instant credit of up to ₹5,000 digitally without visiting a bank branch. Integrated with Pradhan Mantri Jan Dhan Yojana accounts, the facility enables seamless transactions through UPI apps. Developed in collaboration with NPCI, IBA, and DAY-NRLM, it promotes digital payments, enhances financial accessibility for rural women, and helps them build a formal credit history for future financial opportunities.
Date : 2026-03-24
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