Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
11. 

The State Bank of India raised how much amount from Japan Bank for International Cooperation?

A. $3 billion
B. $2 billion
C. $1 billion
D. $4 billion

Answer: Option C

Explanation:

The State Bank of India has raised $1 billion from Japan Bank for International Cooperation (JBIC) to extend loans to supply chain of Japanese automobile industry in India.

12. 

Which of the following banks to sell its UK arm to OpenPayd Holdings Ltd?

A. Axis Bank
B. ICICI Bank
C. Yes Bank
D. HDFC Bank

Answer: Option A

Explanation:

The Private sector lender Axis Bank has entered into a Share Purchase Agreement for sale of 100 per cent stake in its subsidiary, Axis Bank UK Limited to OpenPayd Holdings Ltd.

13. 

What is the revised estimated growth rate of India for fiscal 2021-22 as per the World Bank?

A. 9.55%
B. 11%
C. 10.1%
D. 8.24%

Answer: Option C

Explanation:

The World Bank has revised upward the GDP growth projections for India by 4.7 percentage points to 10.1 percent for the financial year 2021-22.

14. 

Which bank in India has inked a loan agreement with Japan Bank for International Cooperation to extend loans to the supply chain of the Japanese automobile industry?

A. Canara Bank
B. Punjab National Bank
C. Bank of Maharashtra
D. State Bank of India

Answer: Option D

Explanation:

The India's largest lender, State Bank of India, has raised $1 billion from JBIC to extend loans to supply chain of Japanese automobile industry in India.

15. 

RBI has extended the timeline for processing recurring online transactions. What is the new timeline to adhere to the rules?

A. December 31
B. April 30
C. August 31
D. September 30

Answer: Option D

Explanation:

The Reserve Bank of India has extended the timeline for processing recurring online transactions by 6 months to September 30, 2021.