Current Affairs - Banking

Exercise : Banking - Latest Current Affairs
  • Banking - Latest Current Affairs
91.
With which institution did the Reserve Bank of India (RBI) sign a Memorandum of Understanding (MoU) on bond clearing settlement?
International Monetary Fund
World Bank
European Central Bank
Bank of England
Answer: Option
Explanation:
RBI inked a crucial MoU with the Bank of England, facilitating substantial trade in Indian sovereign bonds through London lenders.

92.
What stake percentage has the Reserve Bank of India (RBI) approved for SBI Mutual Fund (SBI MF) to acquire in Karur Vysya Bank Ltd (KVB)?
9.99%
10.5%
8.5%
12.0%
Answer: Option
Explanation:
RBI has approved SBI Mutual Fund (SBI MF) to acquire up to 9.99% of the paid-up share capital or voting rights of Karur Vysya Bank Ltd (KVB).

93.
Whose reappointment as the Managing Director & Chief Executive Officer (MD&CEO) has been approved by the board of directors at Bandhan Bank?
Aditya Puri
Chandra Shekhar Ghosh
Rana Kapoor
Uday Kotak
Answer: Option
Explanation:
The board of directors at Bandhan Bank has approved the three-year extension of Chandra Shekhar Ghosh as MD&CEO, subject to RBI and shareholder approval, effective from July 10, 2024.

94.
Which bank has partnered with IRMA to promote financial inclusion and literacy in India?
HDFC Bank
Axis Bank
ICICI Bank
State Bank of India
Answer: Option
Explanation:
Axis Bank has collaborated with IRMA to establish the Axis Bank Chair, aiming to promote financial inclusion and literacy in India, contributing to equitable and sustainable transformation.

95.
The Reserve Bank of India (RBI) has imposed a penalty of ₹12 crore on which bank for breaching rules related to the code of conduct for the bank's directors and for failing to report fraud incidents?
HDFC Bank
ICICI Bank
Axis Bank
Kotak Mahindra Bank
Answer: Option
Explanation:
The RBI imposed a penalty of ₹12 crore on ICICI Bank for breaching rules related to the code of conduct for the bank's directors and for failing to report fraud incidents.