Current Affairs - Business

Exercise : Business - Latest Current Affairs
  • Business - Latest Current Affairs
411.
Which housing finance company had its Certificate of Registration cancelled by the RBI in 2023?
Indiabulls Housing Finance Limited
Bajaj Housing Finance Limited
Ind Bank Housing Ltd
Shriram Housing Finance
Answer: Option
Explanation:
The Reserve Bank of India (RBI) cancelled the Certificate of Registration of Chennai-based Ind Bank Housing Ltd in 2023 due to a decline in its financial performance.

412.
Which payments bank was fined by the RBI for failing to comply with KYC and cybersecurity guidelines in 2023?
Paytm Payments Bank
Google Pay
PhonePe
Amazon Pay
Answer: Option
Explanation:
The RBI imposed a fine of ₹5.39 crore on Paytm Payments Bank for failing to comply with KYC and cybersecurity guidelines in 2023.

413.
What percentage of Bharti AXA Life Insurance did Bharti Group acquire from AXA?
49%
51%
74%
26%
Answer: Option
Explanation:
The Bharti Group acquired a 49% stake in Bharti AXA Life Insurance from AXA, making it the sole owner of the company.

414.
Which bank is planning to raise 10,000 Crore rupees through long-term bonds to fund affordable housing and infrastructure?
State Bank of India
Bank of Baroda
ICICI Bank
HDFC Bank
Answer: Option
Explanation:
The Bank of Baroda's board approved a plan to raise to Rs 10,000 crore through long-term bonds on October 11, 2023. These funds will be used to support infrastructure development and affordable housing.

415.
Which bank was stopped by RBI from adding new customers to its mobile app in October 2023?
State Bank of India
HDFC Bank
ICICI Bank
Bank of Baroda
Answer: Option
Explanation:
The Reserve Bank of India (RBI) stopped Bank of Baroda from adding new customers on its mobile app, 'bob World', due to the presence of material supervisory concerns.