Current Affairs - Banking

Exercise : Banking - Latest Current Affairs
  • Banking - Latest Current Affairs
191.
In which city did Power Finance Corporation (PFC) receive approval from the Reserve Bank of India (RBI) to establish a finance company, leading to a nearly 1% rise in its shares?
Ahmedabad
GIFT City (Gujarat)
Mumbai
Kolkata
Answer: Option
Explanation:
Power Finance Corporation (PFC) obtained RBI approval to set up a finance company in Gujarat’s GIFT City, resulting in a nearly 1% surge in its shares.

192.
Who is the newly appointed president of the European Investment Bank?
Nadia Calvino
Werner Hoyer
Angela Merkel
Mario Draghi
Answer: Option
Explanation:
Nadia Calvino assumed office as the new president of the European Investment Bank on January 1, making her the first woman and the first Spaniard to hold this position in the institution's history.

193.
Which digital payments app recently secured a payment aggregator (PA) license from the Reserve Bank of India (RBI) for e-commerce transactions?
Tata Pay
Razorpay
Cashfree
Google Pay
Answer: Option
Explanation:
Tata Pay, the digital payments app under Tata Digital, has secured a payment aggregator (PA) license from the RBI. This significant development places Tata Pay among industry leaders for efficiently handling e-commerce transactions within its subsidiary entities.

194.
What is the new bulk deposit limit set by the Reserve Bank of India (RBI) for large urban cooperative banks (UCBs)?
₹50 lakhs and above
₹75 lakhs and above
₹25 lakhs and above
₹1 crore and above
Answer: Option
Explanation:
The RBI has raised the bulk deposit limit for large urban co-operative banks (UCBs) significantly, from ₹15 lakhs to ₹1 crore and above, applicable to Tier 3 and Tier 4 UCBs.

195.
Which category of banks does the RBI classify SBI, HDFC Bank, and ICICI Bank as?
Domestically Significant Investment Banks (D-SIBs)
Domestic Systemically Important Banks (D-SIBs)
Domestically Secured Investment Banks (D-SIBs)
Domestically Stable Investment Banks (D-SIBs)
Answer: Option
Explanation:
The Reserve Bank of India identifies the State Bank of India (SBI), HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs). This categorization indicates their crucial role in the stability of the Indian financial system.