Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
Which bank received RBI approval for Warburg Pincus to acquire up to a 9.99% stake?
Answer: Option
Explanation:
The Reserve Bank of India has granted approval to Warburg Pincus, a global private equity firm, to acquire up to a 9.99% stake in IDFC First Bank. This strategic investment, amounting to ₹4,876 crore (approximately $587 million), will be made via Warburg’s affiliate, Currant Sea Investments B.V. The transaction involves the purchase of about 81.27 crore Compulsorily Convertible Preference Shares (CCPS) at a price of ₹60 each. This move is expected to strengthen the capital base of IDFC First Bank and reflects increasing investor confidence in India's private banking sector.
Date : 2025-07-25
2.
Which bank was named the World’s Best Consumer Bank for 2025 by Global Finance magazine?
Answer: Option
Explanation:
The State Bank of India (SBI) was honoured as the World’s Best Consumer Bank for 2025 by Global Finance magazine, a prestigious recognition reflecting its leadership in customer-focused and technology-driven banking. As India’s largest public sector bank, SBI has prioritised digital transformation, financial inclusion, and rural outreach to deliver seamless and accessible services to its vast customer base. Key innovations like vernacular voice banking, AI-powered personalisation, and 24/7 digital support have positioned SBI as a global benchmark in retail banking. This accolade highlights not only the bank’s evolution but also India’s growing presence in the international financial landscape.
Date : 2025-07-24
3.
Which bank raised ₹25,000 crore through India’s largest-ever Qualified Institutional Placement (QIP) in July 2025?
Answer: Option
Explanation:
The State Bank of India (SBI) made history on July 22, 2025, by raising ₹25,000 crore through a Qualified Institutional Placement (QIP), marking the largest such fundraising in the Indian capital market. The issue was oversubscribed 4.5 times, reflecting immense investor confidence in SBI’s robust fundamentals, long-term growth strategy, and India’s economic outlook. The QIP attracted significant interest from both foreign and domestic institutional investors and was priced at a premium of ₹817 per share. The capital raised will enhance SBI’s Common Equity Tier-1 ratio, support credit expansion across retail, MSME, and corporate segments, and bolster its leadership in digital banking and financial resilience.
Date : 2025-07-22
4.
Who was appointed as the interim MD and CEO of Karnataka Bank starting from 16 July 2025?
Answer: Option
Explanation:
Raghavendra S Bhat was appointed as the interim Managing Director and Chief Executive Officer of Karnataka Bank effective 16 July 2025, following the resignation of the former MD & CEO, Srikrishnan Hari Hara Sarma. With over four decades of experience at Karnataka Bank, Bhat joined as a clerk in 1981 and rose through the ranks to become Chief Operating Officer in 2019. His appointment as interim CEO is for a three-month period or until a permanent successor is appointed. His longstanding association with the bank ensures operational stability during this leadership transition phase.
Date : 2025-07-15
5.
Which platform must be used for all Indian government payments above ₹75 crore starting July 16, 2025?
Answer: Option
Explanation:
Starting from July 16, 2025, all Indian government payments exceeding ₹75 crore are required to be processed through the RBI’s e-Kuber system. This decision aims to enhance transparency, efficiency, and accuracy in handling large-value government transactions. e-Kuber, developed by the Reserve Bank of India, offers features like real-time tracking, 24-hour reconciliation, and quicker settlements. By centralising and digitizing high-value transactions through e-Kuber, the government seeks to reduce processing delays and improve accountability in public fund disbursement and usage.
Date : 2025-07-11
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