Current Affairs - Finance

Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
216.
Which financial institution's market capitalization recently soared to Rs 6 trillion with a 17% surge in just one month?
HDFC Bank
SBI
ICICI Bank
Axis Bank
Answer: Option
Explanation:
Shares of the State Bank of India (SBI) reached a record high, with a 17% surge in the past month, propelling its market capitalization to Rs 6 trillion. This remarkable performance is attributed to robust financials, digital innovation, and investor confidence in SBI.

217.
What regulatory approval have Razorpay and Cashfree recently secured from the Reserve Bank of India (RBI)?
Digital Lenders
Contactless Payments
Payment Aggregators
Cryptocurrency Exchanges
Answer: Option
Explanation:
Razorpay and Cashfree have received final authorization from the RBI to operate as Payment Aggregators (PAs), allowing them to onboard new merchants and enhance their commitment to innovative payment solutions.

218.
What is the new name of the Poonawalla housing finance company that recently underwent a rebranding after being acquired by TPG Capital Asia?
Apex Housing Finance
Shelter Housing Finance
Grihum Housing Finance
Prime Housing Finance
Answer: Option
Explanation:
Poonawalla Housing Finance has transformed into Grihum Housing Finance following its acquisition by TPG Capital Asia, which now holds a substantial 99.02% equity stake in the company.

219.
Which financial institution has approved a USD 200 million loan for the Swachh Bharat Mission-Urban 2.0?
World Bank
Asian Development Bank
International Monetary Fund
Reserve Bank of India
Answer: Option
Explanation:
The Asian Development Bank (ADB) has taken a significant step in sustainable urban development by allocating a USD 200 million loan to support the Swachh Bharat Mission-Urban 2.0, aiming for garbage-free cities in India by 2026.

220.
In collaboration with Imperial College London, which global steel leader has committed a substantial investment of ₹100 crore for the establishment of the Centre for Innovation in Sustainable Design and Manufacturing in London?
ArcelorMittal
POSCO
Tata Steel
Nippon Steel
Answer: Option
Explanation:
Tata Steel has committed a significant investment of ₹100 crore for the establishment of the Centre for Innovation in Sustainable Design and Manufacturing in London in collaboration with Imperial College London.