Current Affairs - Banking

Exercise : Banking - Latest Current Affairs
  • Banking - Latest Current Affairs
216.
What is the total banking transaction value at GIFT International Financial Services Centre (IFSC) until July 2023?
USD 508 billion
USD 412 billion
USD 632 billion
USD 1 trillion
Answer: Option
Explanation:
Total banking transactions at GIFT International Financial Services Centre (IFSC) here reached USD 508 billion till July 2023.

217.
RBI has granted its approval for the voluntary amalgamation of Twin Cities Co-operative Urban Bank Ltd with which of the following Bank?
The Panipat Urban Cooperative Bank Ltd (PUCB)
Kranti Co-operative Urban Bank Ltd
Apna Sahakari bank Ltd.
Abhyudaya Cooperative Bank Ltd.
Answer: Option
Explanation:
The Reserve Bank of India (RBI) has granted its approval for the voluntary amalgamation of Twin Cities Co-operative Urban Bank Ltd with Kranti Co-operative Urban Bank Ltd.

218.
What is the maximum amount of funds that Union Bank plans to raise through the QIP?
Rs 500 crores
Rs 5,000 crores
Rs 50,000 crores
Rs 5 lakhs crores
Answer: Option
Explanation:
A Committee of Directors on Raising Capital Funds approved the raising of funds for an amount not exceeding Rs 5,000 crores through the issue of equity shares through Qualified Institutions Placement (QIP), Union Bank stated in a regulatory filing.

219.
Who is retiring as head of banking, capital markets and advisory (BCMA) for South Asia and India after 18 years with Citigroup?
Ravi Kapoor
Rahul Sharma
Amit Patel
Deepa Gupta
Answer: Option
Explanation:
Ravi Kapoor will retire as Banking, Capital Markets and Advisory (BCMA) Head for South Asia and India after working with the group for 18 years. K Balasubramanian will take over the role of BCMA Head for South Asia and India, in addition to his current Corporate Bank Head role.

220.
What is the name of YES Bank's new mobile banking application?
OYES App
BankXpress
DigitalBank
IRIS
Answer: Option
Explanation:
YES Bank introduced its state-of-the-art mobile banking application named 'iris' to redefine digital banking for its customers.