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Current Affairs - Banking

Exercise : Banking - Latest Current Affairs
  • Banking - Latest Current Affairs
186.
Which entity received approval from the Reserve Bank of India for the acquisition of a 9.95% stake in Federal Bank, and also holds stakes in RBL Bank and Equitas Small Finance Bank?
ICICI Prudential Asset Management Company
HDFC Mutual Fund
SBI Mutual Fund
Axis Asset Management Company
Answer: Option
Explanation:
ICICI Prudential Asset Management Company Ltd (ICICI AMC) received approval from the Reserve Bank of India for acquiring up to a 9.95% stake in the Federal Bank. Additionally, ICICI AMC holds stakes in RBL Bank and Equitas Small Finance Bank, marking a significant move in the banking and financial sector.
Date : 2023-12-29
187.
Which regulatory authority has approved the reverse merger of IDFC Ltd with its banking subsidiary, IDFC First Bank?
RBI
SEBI
IRDAI
CCI
Answer: Option
Explanation:
The RBI has approved the reverse merger of IDFC Ltd with IDFC First Bank, involving a composite scheme as a strategic move.
Date : 2023-12-28
188.
Which Indian bank has announced plans to sell its entire 100% stake in its New Zealand subsidiary?
Bank of Baroda
Indian Bank
Punjab National Bank
Bank of India
Answer: Option
Explanation:
Bank of Baroda (BoB) is selling its entire 100% stake in Bank of Baroda (New Zealand), as revealed in the announcement that led to a surge in BoB's share price on the Bombay Stock Exchange.
Date : 2023-12-28
189.
In which Indian state did the RBI fine four cooperative banks, including Progressive Mercantile and Kutch Mercantile?
Gujarat
Maharashtra
Rajasthan
Madhya Pradesh
Answer: Option
Explanation:
The Reserve Bank of India imposed fines on four cooperative banks in Gujarat, namely Progressive Mercantile, Kutch Mercantile, Shree Morbi Nagarik, and Bhabhar Vibhag, for regulatory non-compliance.
Date : 2023-12-26
190.
Who has been appointed as the interim Managing Director (MD) and Chief Executive Officer (CEO) of Slice-backed North East Small Finance Bank (NESFB)?
Rajesh Gupta
Satish Kumar Kalra
Neha Sharma
Anil Verma
Answer: Option
Explanation:
Satish Kumar Kalra has been appointed as the interim MD and CEO of Slice-backed North East Small Finance Bank, indicating a noteworthy leadership change in the fintech-driven small finance bank.
Date : 2023-12-26
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