Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
6. 

Which bank has become the first bank to partner with PhonePe to issue FASTags?

A. Dena Bank
B. HDFC Bank
C. ICICI Bank
D. YES Bank

Answer: Option C

Explanation:

The ICICI Bank has become the first bank to partner with PhonePe for the issuance of FASTag.

7. 

NBBL is a newly set up entity formed on April 01, 2021, to run the Bharat Bill Payment System business. The NBBL is a wholly-owned subsidiary of which bank?

A. IDRBT
B. State Bank of India
C. NPCI
D. RBI

Answer: Option C

Explanation:

The National Payments Corporation of India has transferred all its BBPS transaction business to NPCI Bharat BillPay Limited (NBBL), a wholly-owned subsidiary of NPCI.

8. 

The Reserve bank of India lowered the base rate by how many basis points to 7.81 percent?

A. 25
B. 30
C. 20
D. 15

Answer: Option D

Explanation:

The Reserve bank of India lowered base rate by 15 basis points or by 0.15 percent to 7.81 per cent.

9. 

Which bank has tied up with Tide India to provide banking infrastructure for Tide's India platform focused on the SME segment?

A. IDFC FIRST Bank
B. RBL Bank
C. Kotak Mahindra Bank
D. IndusInd Bank

Answer: Option B

Explanation:

The RBL Bank ties-up with Tide India, part of Tide UK, UK's leading business banking fintech, to provide banking infrastructure for Tide's India platform focused on the SME segment.

10. 

Which bank has joined hands with nStore to digitize offline retailers and small businesses in the country?

A. Equitas Small Finance Bank
B. Ujjivan Small Finance Bank
C. Jana Small Finance Bank
D. AU Small Finance Bank

Answer: Option B

Explanation:

The Ujjivan Small Finance Bank said that it has joined hands with nStore to digitize offline retailers and small businesses in the country.