Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
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
2.
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
3.
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
4.
Which bank launched the “Bob Women Sapphire” savings account offering lifestyle, health, and wellness benefits for women?
Answer: Option
Explanation:
Bank of Baroda introduced the “bob Women Sapphire” savings account to provide exclusive financial and lifestyle benefits for women customers. The account requires maintaining a Monthly Average Balance of ₹1 lakh and includes several health and wellness features. These benefits include a ₹10 lakh cancer care coverage plan, complimentary online doctor consultations for up to six family members, and discounts on medicines and pathology services. Customers also receive the Bob Bhoomi RuPay Select Debit Card, which provides privileges such as airport lounge access, gym memberships, spa or salon services, and OTT subscriptions, along with additional concessions on loans and locker charges.
Date : 2026-03-13
5.
Which bank partnered with Swiggy to launch the co-branded credit cards BLCK and Ornge, offering savings of up to ₹48,000 annually?
Answer: Option
Explanation:
Swiggy partnered with HDFC Bank to introduce two new co-branded credit cards named BLCK and Ornge. These cards are designed to provide rewards and benefits for customers who frequently use digital platforms for food delivery, grocery purchases, and online shopping. Cardholders can receive a combination of cashback and partner discounts that may lead to savings of up to ₹48,000 annually. The cards specifically target regular users of Swiggy’s services, such as food delivery, Instamart for groceries, and dining experiences. This collaboration between Swiggy and HDFC Bank reflects the growing integration of fintech solutions with digital consumer platforms to enhance convenience and value for users.
Date : 2026-03-11
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