Current Affairs - Banking

Exercise :: Banking - Latest Current Affairs

  • Banking - Latest Current Affairs
26. 

The RBI has imposed a Rs 2 crores penalty on which bank for paying commission to employees?

A. Allahabad Bank
B. Punjab National Bank
C. State Bank of India
D. Union Bank of India

Answer: Option C

Explanation:

The RBI has imposed a penalty of Rs 2 crore on SBI for contravention of norms, including specific directions to the lender on remuneration to its employees in the form of commission.

27. 

What is the deadline set by the RBI for all bank branches to implement the image-based Cheque Truncation System (CTS)?

A. March 31, 2021
B. September 30, 2021
C. April 30, 2021
D. August 31, 2021

Answer: Option B

Explanation:

The Reserve Bank of India has asked banks to implement the image-based Cheque Truncation System in all branches by September 30, 2021.

28. 

Which bank has launched the Garima Savings Account for women?

A. BOI
B. SBI
C. HDFC Bank
D. Ujjivan Bank

Answer: Option D

Explanation:

The Ujjivan Small Finance Bank announced the launch of Women Savings Account catering to the financial needs of women.

29. 

Which bank has topped the list of "Digital Payment Scorecard" released by Ministry of Electronics & Information Technology (MeitY)?

A. State Bank of India
B. ICICI Bank
C. Punjab National Bank
D. HDFC Bank

Answer: Option A

Explanation:

The Ministry of Electronics & Information Technology (MeitY) has released the list of "Digital Payment Scorecard". In the list, the State Bank of India (SBI) has topped for the third consecutive months.

30. 

Which bank has been taken out of the Prompt Corrective Action (PCA) framework by RBI?

A. Central Bank of India
B. IDBI Bank
C. UCO Bank
D. Indian Overseas Bank

Answer: Option B

Explanation:

The Reserve Bank of India has taken the IDBI Bank, out of the Prompt Corrective Action (PCA) framework amid the improving finances of the bank, however it is subjected to certain conditions and continuous monitoring.