Current Affairs - Banking

Exercise : Banking - Latest Current Affairs
  • Banking - Latest Current Affairs
201.
What is the new UPI payment limit set by the Reserve Bank of India for the healthcare and education sectors?
Rs 1 lakh to Rs 5 lakh
Rs 5 lakh to Rs 10 lakh
Rs 2 lakh to Rs 5 lakh
Rs 1 lakh to Rs 2 lakh
Answer: Option
Explanation:
The Reserve Bank of India increased the UPI payment limits specifically for healthcare and education sectors from Rs 1 lakh to Rs 5 lakh, as announced during the Monetary Policy Committee (MPC) announcement by RBI Governor Shaktikanta Das.

202.
Which Indian financial institution has been honoured with the title "Bank of the Year (India) 2023" by The Banker, a renowned publication under the Financial Times umbrella?
IndusInd Bank
ICICI Bank
Federal Bank
HDFC Bank
Answer: Option
Explanation:
Federal Bank has been recognized as "Bank of the Year (India) 2023" by The Banker, highlighting its exceptional commitment to innovation, customer-centric services, and significant contributions to the banking industry.

203.
Which company did IDFC FIRST Bank collaborate with to design the "FIRST SWYP" credit card, catering to the dynamic preferences of the youth?
VISA
Mastercard
American Express
Discover
Answer: Option
Explanation:
IDFC FIRST Bank collaborated with Mastercard to design the "FIRST SWYP" credit card, a youth-centric offering tailored to the dynamic preferences of Millennials and Gen Zs.

204.
What action did the Reserve Bank of India (RBI) take regarding the Urban Co-operative Bank in Sitapur, Uttar Pradesh?
Issued a warning
Imposed a fine
Revoked the license
Put it under surveillance
Answer: Option
Explanation:
RBI cancelled the license of Urban Co-operative Bank in Sitapur, Uttar Pradesh, effective from December 07, 2023, citing the cessation of banking activities.

205.
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.