Current Affairs - Finance
Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
221.
Until when has LIC been granted an extension to achieve the 25% Minimum Public Shareholding (MPS) rule, as per the one-time exemption by the Ministry of Finance?
Answer: Option
Explanation:
LIC (Life Insurance Corporation of India) was granted a one-time exemption by the Ministry of Finance to achieve the 25% Minimum Public Shareholding (MPS) rule within 10 years of listing, with the deadline extended to May 2032.
Date : 2023-12-22
222.
Which financial institution is involved in a bancassurance partnership with IDFC First Bank to offer comprehensive insurance solutions?
Answer: Option
Explanation:
Aditya Birla Sun Life Insurance has entered into a strategic bancassurance partnership with IDFC First Bank to provide comprehensive insurance solutions to the bank's extensive customer base.
Date : 2023-12-21
223.
Which financial institution's market capitalization recently soared to Rs 6 trillion with a 17% surge in just one month?
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.
Date : 2023-12-20
224.
What regulatory approval have Razorpay and Cashfree recently secured from the Reserve Bank of India (RBI)?
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.
Date : 2023-12-20
225.
What is the new name of the Poonawalla housing finance company that recently underwent a rebranding after being acquired by TPG Capital Asia?
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.
Date : 2023-12-16
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