Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which mutual fund company launched the dedicated Specialised Investment Fund (SIF) brand named RedHex SIF in India in May 2026?
Answer: Option
Explanation:
HSBC Mutual Fund launched RedHex SIF, a dedicated Specialised Investment Fund (SIF) brand in India, on May 4, 2026. The SEBI-approved investment structure is designed for experienced investors, institutional participants, and High Net-Worth Individuals (HNIs). The fund requires a minimum investment of ₹10 lakh and combines the transparency and governance standards of mutual funds with the flexibility of advanced asset management strategies. RedHex SIF focuses on theme-based portfolio construction along with strong risk management practices. HSBC Holdings plc, headquartered in London, operates in 56 countries and territories and is one of the world’s leading banking and financial services organisations.
Date : 2026-05-05
2.
Which organisations collaborated to launch a biometric authentication system for card transactions in 2026?
Answer: Option
Explanation:
Flipkart, Axis Bank, and PayU jointly introduced a biometric authentication system aimed at enhancing the security of digital transactions. This system replaces traditional SMS-based OTP verification with advanced methods such as fingerprint and facial recognition. The initiative addresses the rising concerns of digital fraud, which has significantly increased in recent years. By implementing device-binding protocols and secure authentication flows, the system reduces risks like SIM-swap and OTP interception. It also aligns with regulatory guidelines issued by the Reserve Bank of India, ensuring safer and more reliable digital payment experiences for users.
Date : 2026-05-02
3.
Which fintech company became the first private-sector entity to secure direct membership in the RBI’s Centralised Payment System (CPS)?
Answer: Option
Explanation:
Pay Point India Network achieved a significant milestone by becoming the first private-sector fintech to gain direct access to the RBI’s Centralised Payment System. This allows it to operate independently within RTGS and NEFT networks without depending on partner banks. The development marks a shift from the earlier system, where only banks and select institutions could participate. With direct membership, Pay Point benefits from reduced transaction costs, faster settlements, and enhanced data security. This move also reflects the RBI’s evolving approach to integrating fintech players into core financial infrastructure.
Date : 2026-04-26
4.
Which company launched the Diversified Equity Fund II as a New Fund Offer in April 2026?
Answer: Option
Explanation:
Axis Max Life Insurance Limited introduced the Diversified Equity Fund II on April 23, 2026, as a New Fund Offer aimed at long-term wealth creation. The fund is designed with a multi-cap investment strategy, ensuring diversification across sectors and market capitalisations. It maintains a minimum of 80% exposure to equities for growth while allocating the remaining portion to debt instruments for stability. The fund is benchmarked against the NSE Nifty 200 Index and is offered through select ULIPs. Its launch reflects the company’s focus on providing balanced investment opportunities with strong return potential over time.
Date : 2026-04-24
5.
Which company launched the Unit Linked Insurance Plan (ULIP) named Promise4Wealth to offer life insurance and wealth creation solutions?
Answer: Option
Explanation:
Canara HSBC Life Insurance introduced the ULIP product Promise4Wealth to combine life insurance coverage with investment opportunities. The plan offers multiple fund options, including equity, debt, and balanced funds, allowing policyholders to tailor their investments based on risk appetite. It also includes features like a safety switch option to secure gains, loyalty additions to boost returns, and return of mortality charges at maturity. Additionally, flexible withdrawal options such as systematic withdrawal plans and milestone withdrawals help meet financial goals, making it a comprehensive financial planning solution.
Date : 2026-04-10
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