Current Affairs - Banking
Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
186.
What is the new name of Bank of Baroda's card subsidiary, formerly known as 'BOB Financial Solutions Limited'?
Answer: Option
Explanation:
Bank of Baroda's card subsidiary, 'BOB Financial Solutions Limited,' has been rebranded as 'BOBCARD Limited' with the tagline "Credit Reimagined," reflecting a strategic move to revolutionize credit experiences.
Date : 2024-01-30
187.
Which bank recently raised Rs 5,000 crore through the issuance of 10-year infrastructure bonds?
Answer: Option
Explanation:
Bank of Baroda successfully raised Rs 5,000 crore through the issuance of 10-year infrastructure bonds, receiving a robust response with 128 bids totalling Rs 14,950 crore against the targeted issue size of Rs 5,000 crore.
Date : 2024-01-28
188.
In a recent development, which bank has received approval from the Reserve Bank of India for the Life Insurance Corporation of India (LIC) to acquire up to 9.99% aggregate holding?
Answer: Option
Explanation:
The Reserve Bank of India has approved Life Insurance Corporation of India's acquisition of up to 9.99% stake in HDFC Bank, the nation's largest private sector bank. The approval, subject to various conditions, mandates LIC to complete the major shareholding purchase by January 24, 2025.
Date : 2024-01-28
189.
Which small finance bank received Competition Commission of India (CCI) approval for its merger with AU Small Finance Bank?
Answer: Option
Explanation:
AU Small Finance Bank received CCI approval for its merger with Fincare Small Finance Bank, a significant step announced on October 30, 2023, with the merger set to be effective from February 1, 2024, pending RBI approval.
Date : 2024-01-24
190.
Which bank recently achieved the milestone of issuing 20 million active credit cards in India?
Answer: Option
Explanation:
HDFC Bank, India's largest private sector bank, became the country's first lender to issue an impressive 20 million active credit cards, dominating a quarter of the overall card market. This milestone was achieved on January 16, marking a significant achievement for the bank.
Date : 2024-01-24
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