Current Affairs - Banking

Exercise : Banking - Latest Current Affairs
  • Banking - Latest Current Affairs
106.
Which country launched its inaugural Islamic banking pilot program on September 1, aiming to explore Shariah-based finance?
Russia
Saudi Arabia
Malaysia
Turkey
Answer: Option
Explanation:
Russia launched its first Islamic banking pilot program on September 1 to explore Shariah-based finance.

107.
Which bank has been authorized by RBI to be the official pension disbursement bank in collaboration with the Central Pension Accounting Office (CPAO)?
State Bank of India
ICICI Bank
Bandhan Bank
HDFC Bank
Answer: Option
Explanation:
Bandhan Bank has been authorized by RBI to be the official pension disbursement bank in collaboration with the Central Pension Accounting Office (CPAO). This is a significant development, as it will allow Bandhan Bank to reach out to a wider range of customers and provide them with convenient and efficient pension disbursement services.

108.
Which bank launched the ‘Infinity Savings Account’ with zero domestic transaction fees?
State Bank of India
ICICI Bank
Axis Bank
HDFC Bank
Answer: Option
Explanation:
Axis Bank launched the ‘Infinity Savings Account’ with zero domestic transaction fees. This account eliminates domestic transaction fees, minimum balance requirements etc. It is designed to cater to the needs of digitally savvy customers who are avid users of subscription-based services.

109.
Which of the following banks has grabbed the title rights for the home international series of the Board of Control for Cricket in India for three years?
IDFC First Bank
Punjab National Bank
Bank of Maharashtra
Kotak Mahindra Bank
Answer: Option
Explanation:
On 25th August, the Indian Cricket Board announced that the IDFC First Bank has grabbed the title rights for the home international series of the Board of Control for Cricket in India (BCCI) for three years.

110.
Which bank introduced an innovative Customer Service Points (CSP) functionality that allows customers to seamlessly enrol in essential social security schemes using just their Aadhaar cards?
State Bank of India (SBI)
Bank of Baroda (BoB)
Punjab National Bank (PNB)
ICICI Bank
Answer: Option
Explanation:
The State Bank of India (SBI) has introduced an innovative Customer Service Points (CSP) functionality that allows customers to seamlessly enrol in essential social security schemes using just their Aadhaar cards. The move was unveiled by SBI's Chairman, Dinesh Khara, who emphasized the bank's commitment to breaking down barriers to financial security through technology-driven solutions.