Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
21. 

Which bank has been chosen as the best SME bank of India by AsiaMoney?

A. Axis Bank
B. DBS Bank
C. SBI Bank
D. HDFC Bank

Answer: Option D

Explanation:

The HDFC Bank has adjudged the 'India's Best Bank for SMEs' at the Asiamoney Best Bank Awards 2021.

22. 

Which Small Finance Bank awarded with 'Great place to work' certification?

A. Fincare Small Finance Bank
B. Equitas Small Finance Bank
C. ESAF Small Finance Bank
D. Suryoday Small Finance Bank

Answer: Option C

Explanation:

The ESAF Small Finance Bank had been awarded 'Great place to work' certification by the Great place to Work Institute.

23. 

On which Bank RBI has imposed a penalty of Rs. 15 lakh?

A. DBS Bank
B. YES Bank
C. HDFC Bank
D. Fedbank Financial Services Ltd

Answer: Option D

Explanation:

RBI imposed a monetary penalty of ?15 lakh on Fedbank Financial Services Ltd, Mumbai, for non-compliance with certain provisions of the central bank's directions on monitoring of frauds.

24. 

What is the new wholly-owned subsidiary set up by Punjab National Bank to manage its credit card business?

A. PNB Credit Cards Freedom Ltd
B. PNB Card Elite
C. PNB Cards & Services Ltd
D. PNB Cards Ltd

Answer: Option C

Explanation:

State-run Punjab National Bank (PNB) has set up a wholly-owned subsidiary namely "PNB Cards & Services Ltd" to manage its credit card business.

25. 

With which bank the IOCL has inked India's First LIBOR Alternative Rate Deal?

A. State Bank of India
B. Axis Bank
C. ICICI Bank
D. RBL Bank

Answer: Option A

Explanation:

The State Bank of India (SBI) and Indian Oil Corporation Limited (IOCL) will sign the first Secured Overnight Financing Rate (SOFR) linked external commercial borrowing (ECB) deal.