Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank signed an MoU with TCIL to enhance IT infrastructure and accelerate digital banking services?
Answer: Option
Explanation:
Punjab National Bank (PNB) signed a Memorandum of Understanding with Telecommunications Consultants India Limited (TCIL) on 3 September 2025 to strengthen its IT systems and digital banking capabilities. The partnership focuses on areas like system integration, IT infrastructure rollout, and regulatory-compliant deployments, ensuring PNB delivers secure, resilient, and customer-centric services. TCIL will provide consultancy, project management, and execution support, helping PNB meet rising customer demands while maintaining robust cybersecurity standards. This collaboration not only strengthens PNB’s competitive position in the digital banking sector but also aligns with the broader Digital India mission to expand secure financial services nationwide.
Date : 2025-09-12
2.
Which bank signed a ₹21,000 crore MoU with the Rajasthan government under the Rising Rajasthan initiative?
Answer: Option
Explanation:
Punjab National Bank (PNB) signed a significant ₹21,000 crore Memorandum of Understanding (MoU) with the Rajasthan government as part of the Rising Rajasthan initiative. The collaboration focuses on empowering MSMEs, promoting women entrepreneurs, and strengthening digital financial inclusion across the state. PNB aims to facilitate easier access to credit, encourage adoption of modern technology, and provide financial support to women-led enterprises. As part of this initiative, 2,000 loan letters were distributed to women entrepreneurs in Jaipur. This MoU represents a step toward socio-economic development and inclusive growth, reinforcing PNB’s role in driving financial empowerment in Rajasthan.
Date : 2025-09-08
3.
Which bank signed an MoU with DPIIT to support startups under the Startup India initiative?
Answer: Option
Explanation:
ICICI Bank has partnered with the Department for Promotion of Industry and Internal Trade (DPIIT) to support DPIIT-recognised startups under the Startup India initiative. The MoU, signed on September 4, 2025, introduces a Startup Engagement Programme that will provide accelerator access, structured mentorship, pilot opportunities, and ecosystem networking for startups. ICICI Bank’s Mumbai-based accelerator will serve as a hub for product-based startups, offering workspaces and opportunities to connect with industry leaders, investors, and clients. This collaboration not only empowers early- and growth-stage startups but also helps them test their solutions in real-world environments, enhancing innovation and scalability.
Date : 2025-09-05
4.
Which Indian IT company has partnered with Mastercard to integrate Mastercard Move into its Finacle platform for faster cross-border payments?
Answer: Option
Explanation:
Infosys has partnered with Mastercard to strengthen global cross-border payment solutions by integrating Mastercard Move into its Finacle banking platform. Mastercard Move is a portfolio of advanced money transfer capabilities that supports real-time, secure, and scalable transactions across more than 200 countries and 150 currencies. By embedding this system within Infosys Finacle, financial institutions can reduce integration complexities, improve payment speed and reliability, and enhance risk management. This collaboration highlights the growing role of digital payments in banking, while also supporting the increasing global demand for remittances, particularly in Asia, where India is a leading beneficiary of cross-border money flows.
Date : 2025-08-30
5.
In which city did Punjab National Bank inaugurate its first startup focused branch?
Answer: Option
Explanation:
Punjab National Bank (PNB) inaugurated its first startup focused branch in New Delhi to encourage entrepreneurship and innovation. The branch has been set up under the framework of the Startup India initiative, which promotes the growth of startups across the country. This specialised branch aims to offer comprehensive financial solutions, tailored banking facilities, and advisory services for entrepreneurs. By situating it in the national capital, PNB intends to provide easier access to resources, credit, and financial support, strengthening the startup ecosystem and contributing to the growth of emerging businesses in India.
Date : 2025-08-28
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