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This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 451. |
Name the small Finance Bank Launches Current Account with Unique Auto-Sweep Facility. |
| Answer» Jana Small Finance Bank launched Current Account with Auto-Sweep facility. The facility will enable bank's existing and potential new customers to auto sweep-in and sweep-out the idle funds in the current account to Sweep Fixed Deposit and earn high interest. For a tenor of 365 days on sweep deposit, the customers will be able to earn interest of 8.5 percent. | |
| 452. |
For which bank Deepak Maheshwari was appointed as the chief credit officer? |
| Answer» Deepak Maheshwari, the retired HDFC Bank executive and former Federal Bank board member took charge as chief credit officer (CCO) at Axis Bank as part of an ongoing reshuffle undertaken by new CEO Amitabh Chaudhry. The 64 years old Maheshwari will be given the responsibility of corporate credit appraisal and disbursement at the Axis Bank. Maheshwari was also granted an exemption to take over as CCO by the board of Axis Bank as he is now 64 which is above the bank's retirement age of 60. | |
| 453. |
RBI slapped Rs 3 crore on this bank for non-compliance in criteria for directors of the bank. |
| Answer» The Reserve Bank of India (RBI), under the relevant provisions of the Banking Regulation Act, 1949, imposed a penalty of Rs 3 crore on Citibank India for non-compliance in criteria for directors of the bank. Citibank has been accused of deficiencies in regulatory compliance and of directions regarding the 'fit-and-proper criteria' for directors of the bank. The US-based Citibank has been operating in India for over 115 years. | |
| 454. |
Which bank appoints B Sriram and Rama Bijapurkar on its board as independent director? |
| Answer» Private sector ICICI Bank inducted former SBI Managing Director B Sriram and management consultant Rama Bijapurkar on its board as independent director. Both are appointed for 5 years, subject to the approval of shareholders, ICICI Bank stated in a regulatory filing on stock exchanges. Sriram retired as the managing director of IDBI Bank in September 2018. Prior to IDBI Bank, he was the managing director of SBI. | |
| 455. |
Recently, Private sector lender IDFC Bank changed its name as __________. |
| Answer» Private sector lender IDFC Bank changed its name to IDFC First Bank Ltd owing to the merge of the bank with Non-Banking Finance Company (NBFC) Capital First on December 2018. The change was effective from January 12, 2019 by virtue of 'Certificate of Incorporation pursuant to change of name' issued by the Registrar of Companies, Chennai. The board of IDFC Bank also approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as managing director and chief executive officer of the merged entity. | |
| 456. |
How much did RBI through the purchase of government securities? |
| Answer» Reserve Bank of India announced that it will inject 10,000 crore rupees into the system to increase liquidity through open market operations (OMOs). The offers have been instructed to be submitted in electronic format on the RBI Core Banking Solution (E-Kuber) system. It also plans to inject liquidity under OMOs for 50,000 crore rupees in January 2019. | |
| 457. |
RBI imposed a Rs 1-crore penalty to this bank for non-compliance of Know Your Customer (KYC) guidelines and fraud-classification norms. |
| Answer» Reserve Bank of India (RBI),imposed a Rs 1-crore penalty on state-owned Bank of Maharashtra (BoM) for non-compliance of Know Your Customer (KYC)guidelines and fraud-classification norms. The is penalty has been imposed on failure of the bank to follow the rules and regulation issued by the RBI. In the year 2018, the RBI had imposed a penalty of Rs 1 crore on BoM on account of delay on the part of the bank to detect and report fraud in accounts. | |
| 458. |
With which company Reliance Jio Infocomm launch a new e-commerce platform in the country? |
| Answer» Reliance Industries Ltd Chairman and managing director Mukesh Ambani announced that group companies Reliance Retail and Reliance Jio Infocomm would jointly launch a new e-commerce platform in the country. Gujarat would be the first state to get it. The announcement was made at the inauguration of the three-day Vibrant Gujarat summit. The new e-commerce project would empower 1.2 million shopkeepers in Gujarat. | |
| 459. |
How many banks have been allowed to exit the PCA framework? |
| Answer» Bank of India, Bank of Maharashtra and Oriental Bank of Commerce have been allowed to exit the PCA framework fully. The three lenders were part of 11 government-owned banks put under the framework in 2017 and 2018. In December, the government had announced a capital infusion of Rs 10,000 crore for Bank of India, Rs 5,500 crore for Oriental Bank of Commerce and Rs 4,500 crore for Bank of Maharashtra, which helped the banks coming out of the framework. The RBI's decision to impose lending restrictions on these banks had become a flashpoint between the regulator and the government, which wanted the lending capacity to be freed up. | |
| 460. |
Ajai Kumar is appointed as the interim CEO of this bank, recently. |
| Answer» Ajai Kumar is appointed as the interim CEO of Yes Bank. He will hold the charge of MD & CEO till the new CEO Ravneet Gill joins the lender. Yes Bank said that the Reserve Bank of India had approved the interim appointment. | |
| 461. |
Reserve Bank of India (RBI) approved the appointment of V Vaidyanathan as MD and CEO of which bank for a period of three years? |
| Answer» Reserve Bank of India (RBI) approved the appointment of V Vaidyanathan as MD and CEO of IDFC First Bank for a period of three years. The Tenure of V Vaidyanathan started from 19th December 2019. V Vaidyanathan is the founder and chairman of Capital First. IDFC Bank and non-banking financial company Capital First completed their merger in December 2018 and created a loan asset book of 1.03 Lakh crore for the merged entity IDFC First bank. | |
| 462. |
Which bank recommended Unconditional Cash Transfer to farmers to alleviate the agrarian distress instead of Universal Basic Income (UBI) scheme? |
| Answer» State Bank of India recommended Unconditional Cash Transfer to farmers to alleviate the agrarian distress instead of Universal Basic Income (UBI) scheme in its Ecowrap report. Initiating Rythu Bandhu Scheme on national level may not be feasible presently because land data in several states including Bihar, Jharkhand, Gujarat and Tamil Nadu is not yet digitized. The Report suggested that Government should consider Unconditional Cash Transfer scheme until the problems are ironed out in terms of proper tenancy laws because it will be more equitable (on per farmer basis) with meaning full impact. As per the report, The Government had estimated Agriculture Subsidy (Plus Support) at Rs 98,100 crore in the 2019-20 budget which includes 13,000 crore for Crop Insurance, 15,000 crore for Interest Subsidy and Rs. 70,100 crore for Fertilizer subsidy. | |
| 463. |
With which bank, Etihad Guest tie-up to launch premium card for international travel? |
| Answer» SBI Card, the country's second largest credit card issuer and Etihad Guest, the loyalty programme of Etihad Airways have weld their hand together for a specific visa credit card to come into play for members and Indian travellers. It has been launched in order to confront the constraints of international travel. It is a promise to backtrack the lifestyles of affluent and urban Indians to complement their travel experience. Besides that, it is anticipated that the Indians will boost their travelling frequency which in turn leads to global exposure substantially. | |
| 464. |
Which bank launched the Kisan Suvidha loan product for small and marginal farmers? |
| Answer» 'Kisan Suvidha loan' for small and marginal farmers launched by Ujjivan Small Finance Bank. The scheme will attempt to reach the bottom of the pyramid with products and services. Kisan Suvidha loan can be used by farmers for both agriculture and allied activities. The product is specially designed to cater to the needs of customers for various allied and agricultural activities. Ujjivan Small Finance Bank launched the product in Tamil Nadu, West Bengal, Karnataka and Odisha with an eye to expand the product offerings. It provides loans to individuals with an amount ranging from Rs. 60000 to Rs. 2 Lakh to fulfill the customized needs of the mass market segment. Ujjivan becomes the 1st bank to offer loans for agriculture and allied activities. | |
| 465. |
Name the bank which has received CCI Nod for Merger with Gruh Finance. |
| Answer» Bandhan Bank has received approval from the Competition Commission of India (CCI) for the proposed scheme of amalgamation of Gruh Finance with the bank. The approval has been made under sub-section (1) of Section 31 of the Competition Act, 2002. Bandhan Bank had, in January 2019, announced the merger of Gruh Finance with it. The move was taken to bring down promoter holding in the bank to 61% from 82.3%. | |
| 466. |
Which small finance bank Partners With Suryoday SFB to offer Sweep Account Facility? |
| Answer» Fino Payments Bank Partners With Suryoday SFB to offer Sweep Account Facility. | |
| 467. |
RBI imposed Rs.1 crore penalty to this bank under Section 47 A of the Banking Regulation Act, 1949. |
| Answer» The Reserve Bank of India (RBI) imposed a fine of Rs.1 crore penalty State Bank of India (SBI). This penalty was levied as the lender violated the RBI norms. RBI levied the penalty in the exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949 as SBI was not monitoring the end use of funds in respect of one of its borrowers. | |
| 468. |
Which bank has been penalized with Rs 1.5 crore for not monitoring fund use and fraud reporting delay? |
| Answer» Allahabad Bank said the Reserve Bank of India (RBI) has imposed a penalty of Rs 1.5 crore on them for not monitoring end use of funds, delay in classification and reporting of fraud and non-adherence with RBI guidelines during restructuring of accounts in respect of one of its borrowers. | |
| 469. |
RBI has recently raised the limit for collateral-free agriculture loans from Rs 1 Lakh to __________. |
| Answer» The Reserve Bank of India (RBI) has recently raised the limit for collateral-free agriculture loans to Rs 1.6 lakh from Rs. 1 lakh to enhance coverage of small and marginal farmers in the formal credit system. Currently, the banks are mandated to extend collateral-free agricultural loans up to Rs. 1 lakh. This limit was fixed in the year 2010. The RBI also proposed to set up an internal working group to review various issues plaguing farm credit, such as regional disparity, extent of coverage and limited capital formation from such credit. As per interim Budget of 2019, the Government of India (GoI) will also launch the 'Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) programme to provide assured income support to small and marginal farmers. Under this, vulnerable landholding farmer-families, having cultivable land up to two hectares, will be provided direct income support at the rate of Rs. 6,000 per year. This income support will be transferred directly into the bank accounts of beneficiary farmers in three equal instalments of Rs. 2,000 each. The programme will be funded by the Government of India (GoI). | |
| 470. |
For which bank, RBI penalized Rs.2 Crore for Flouting Norms? |
| Answer» Reserve Bank of India, has imposed an aggregate penalty of Rs 20 million on Corporation bank due to some lapses in monitoring of end use of funds and exchange of information with other banks in respect of one borrower along with some other banks. | |
| 471. |
The Reserve Bank of India (RBI) has penalised Rs 2 million each for __________, Kotak Mahindra Band and IDBI Bank for non-compliance with respect to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. |
| Answer» The Reserve Bank of India (RBI) has penalised seven banks for not including public and private sector banks for not complying with various norms. HDFC Bank, Kotak Mahindra Band and IDBI Bank were fined Rs 2 million each for non-compliance with respect to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards. Allahabad Bank, Andhra Bank, Indian Overseas bank and Bank of Maharashtra were penalised for not following directions set by RBI on monitoring end use of funds, exchange of information with other banks, classification and reporting of frauds and restructuring of accounts. The penalty was Rs 10 million for Andhra Bank and Rs 15 million each for others. Bank of Baroda and Union Bank of India has imposed a penalty of Rs 1 crore each for violating various banking norms. | |
| 472. |
Which bank cleared the Divergence charges imposed by RBI? |
| Answer» The Reserve Bank of India cleared Yes Bank of Divergence charges i.e. disparity in reporting bad loans and provisioning numbers for the year ended March 2018. The final report has observed nil divergence in the bank's asset classification and provisioning from the norms of the RBI. In FY16, after its first assessment, Yes Bank was found divergence of Bad loans by RBI at Rs. 4,176 crore higher than the reported gross NPA of Rs. 748.9 crore. Further, in FY17, Yes Bank was found to be divergence again at Rs. 6,355 crore and reported gross NPA of Rs. 2,018 crore lower than RBI's estimation of Rs. 8,373 crore. | |
| 473. |
Indian Wealth management company, Edelweiss and this bank signed an MoU to access each other product platforms, recently. |
| Answer» A memorandum of understanding (MoU) has been signed between Edelweiss and Bank of Singapore in order to form a strategic partnership. The MoU will provide an opportunity to clients of both entities to access each other product platforms.Edelweiss became the first Indian Wealth management company to sign an MoU with offshore private bank (Bank of Singapore).Bank of Singapore has signed similar MoU with financial companies from Switzerland and Japan. | |
| 474. |
Which bank will pay Rs 28,000 Crore as Interim Dividend to the Government? |
| Answer» The Reserve Bank has announced that it will transfer an interim surplus of 28,000 crore rupees to the central government for the half-year ended 31st December 2018. The central bank follows a July-June financial year and usually distributes the dividend in August after annual accounts are finalised. With this interim transfer, the government will get a total of Rs 68,000 crore from the central bank in the current fiscal. The RBI had transferred Rs 40,000 crore to the government in August 2018. This will be the highest receipt from RBI in a single financial year for the government, exceeding the Rs 65,896 crore it received in FY16 and Rs 40,659 crore in FY18. A committee headed by former Reserve Bank of India governor Bimal Jalan has been set up to review RBI's economic capital framework. | |
| 475. |
Srei Equipment Finance and this bank jointly collabrated to provide equipment financing under co-lending arrangement. |
| Answer» Srei Equipment Finance, a wholly-owned subsidiary of Srei Infrastructure Finance, has collaborated with Syndicate Bank to provide equipment financing under co-lending arrangement for various equipment categories like construction, mining, material handling, commercial vehicles, medical and farm equipment. The arrangement requires Syndicate Bank to utilise its low-cost funds and co-lend equipment loans with Srei at a rate which has been mutually agreed on. It has been done under the aegis of Reserve Bank of India (RBI) circular dated September 21, 2018 that allows banks to collaborate with non-banking finance companies (NBFCs) to co-originate loans for the creation of assets for priority sector. Loans under this programme will be sourced by iQuippo a Kanoria Foundation initiative- India's first digital marketplace for construction equipment, machinery and services. | |
| 476. |
UN, SIDBI and this bank jointly launched the Women's Livelihood Bond, recently. |
| Answer» World Bank, United Nations Entity for Gender Equality and the Empowerment of Women (UN Women), and Small Industries Development Bank of India (SIDBI) launched new social impact bonds exclusively for women, called Women's Livelihood Bonds (WLBs), with an initial corpus of Rs 300 crore. It will enable individual women entrepreneurs in sectors like food processing, agriculture, services, and small units to borrow around Rs 50,000 to Rs 3 lakh at an annual interest rate of around 13% to 14% or less and have a tenure of 5 years. They will be unsecured, unlisted bonds and offer a fixed coupon rate of 3% per annum to bond investors. | |
| 477. |
How many banks are removed from the Prompt Corrective Action (PCA) framework by the Reserve Bank of India? |
| Answer» The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities. The Board for Financial Supervision (BFS) met to review the performance of banks under PCA and noted that the government has infused fresh capital into various banks including some of the banks currently under the PCA framework. | |
| 478. |
Germany's KfW Development Bank and __________ has tied up for funding USD 130m to Refinance Solar Units. |
| Answer» State-run Bank of Baroda has tied up with Germany's KfW Development Bank for funding of USD 113 million to refinance solar projects. The tie-up is part of an Indo-German Solar Energy Partnership signed in 2015. | |
| 479. |
Hemant Bhargava was appointed as the non-executive and non-whole time chairman of this bank. |
| Answer» IDBI Bank has appointed Hemant Bhargava as non-executive, non-whole time chairman. Bhargava is currently the Chairman (in-charge) and Managing Director of Life Insurance Corporation of India (LIC). The bank stated that Bhargava has been appointed for 3 years or until he continues in his position at LIC. The life insurer is now the majority shareholder in IDBI Bank with a 51% stake. | |
| 480. |
According to BCG-IBA Report - EASE Reforms for Public Sector Banks, This bank tops in the implementation of 'Reforms agenda'. |
| Answer» According to BCG-IBA Report - EASE Reforms for Public Sector Banks, released by Union Minister of Finance & Corporate Affairs, Punjab National Bank (PNB) secured the top spot among all public sector banks in the implementation of 'Reforms agenda'. PNB which topped the list with a score of 78.4 out of 100 in the EASE-index was followed by BoB (77.8), SBI (74.6), and Oriental Bank of Commerce (69). The EASE (Enhanced Access and Service Excellence) report has shown significant enhancement in PSB performance on the back of Government's 4R's strategy- recognition, recovery, recapitalisation and reforms. The index has measured Banks on 140 objective metrics across 6 themes including customer responsiveness, credit off-take and digitalization. | |
| 481. |
This private Bank launches Open Banking Platform for next generation banking solutions. |
| Answer» Creating a collaborative ecosystem with enterprises, fintech and app developers, and enhancing customer-service delivery, DCB Bank announced the launch of its Open Banking Platform. More than 20 start-ups, fintechs, merchants, enterprises and developers are set to partner with DCB Bank for access to its Open Banking Platform APIs (Application programming interface) and collaborate on innovation and customer centric products. | |
| 482. |
Which Bank acquired 9.9% stake in Kisan Finance for cash consideration of Rs 17.82 crore? |
| Answer» ICICI Bank announced that it will buy 1.49 crore shares to acquire 9.9% stake in the non-banking finance company (NBFC) Kisan Finance for Rs 17.82 crore.The acquisition is expected to be over by the end of March 2019.Incorporated in December 2017, Kisan Rural Finance Ltd (Kisan Finance) had registered a net loss of Rs 48 lakh in 2017-18 at a revenue of Rs 4 lakh. iii. The deal will involve the acquisition of roughly 1.49 crore equity shares with a face value of Rs 10 per share at a premium of Rs 2 per share. | |
| 483. |
Which bank receives Best Bank Award from the state government of Tamil Nadu? |
| Answer» Indian Bank, a Public Sector Bank (PSB), headquartered at Chennai, Tamil Nadu has been awarded the Best Bank Award by the Tamil Nadu government for successfully meeting the needs of women's self-help groups (SHGs). The award was given to MK Bhattacharya, the executive director of Indian Bank by the Chief Minister of Tamil Nadu K Palaniswami at Salem, Tamil Nadu. | |
| 484. |
RBI slaps penalty for how many banks for non-strengthening of 'SWIFT' related controls? |
| Answer» The Reserve Bank of India (RBI) has imposed a penalty on 7 Banks for delayed implementation of SWIFT-related operational controls. It fined Rs.4 crore on Karnataka Bank, Rs.3 crore on City Union Bank, Rs.2 crore on DCB Bank and Rs.1 crore on Karur Vysya Bank Ltd., Rs. 4 crore on Indian Bank, Rs.3 crore on IOB and Rs.3 crore on United Bank of India for the same violations. SWIFT is the global messaging software used for transactions by financial entities. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. RBI had directed banks on time-bound implementation and strengthening of SWIFT-related operational controls after the Rs.14,000 crore fraud in Punjab National Bank. | |
| 485. |
Hitachi Payment Services Pvt Ltd and this bank jointly establishing a digital payments platform for India. |
| Answer» State Bank of India (SBI) and Hitachi Payment Services Pvt Ltd, a wholly-owned subsidiary of Hitachi Ltd has launched their merchant-acquiring joint venture, SBI Payment Services Pvt Ltd (SBIPSPL) in Mumbai for establishing a digital payments platform for India and other countries in the region. The joint venture (SBI) has a 74 percent stake, and the balance is with Hitachi Payment Services) will facilitate expansion of the digital payments landscape in India via its digital payments platform. | |
| 486. |
Which bank has signed a bancassurance deal with private life insurer HDFC Life Insurance Company? |
| Answer» United Bank of India has signed a bancassurance deal with private life insurer HDFC Life Insurance Company. Through this partnership, United Bank's customers will be able to take advantage of HDFC Life's expertise in life insurance products, distribution and customer service. United Bank has a strong presence in rural and semi-urban areas, with over 2,000 branches and offices, while HDFC Life is India's largest non-bank-promoted private life insurer. | |
| 487. |
Which bank grant 250 Million dollars for NRETP to boost Rural incomes in India? |
| Answer» In order to provide a boost to rural income across 13 states on India, World Bank shall provide $250 million support to the National Rural Economic Transformation Project (NRETP). The agreement was signed between the World Bank and Government of India. The Agreement was signed in New Delhi by Mr. Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank India. The loan aims to help rural women entrepreneurs in setting up their businesses related to farm and non-farm products. The loan has a 5-year grace period with a final maturity of 20 years. National Rural Economic Transformation Project (NRETP) is an add-on to the National Rural Livelihoods Project (NRLP) worth $500-million, which was approved by the World Bank in July 2011. The National Rural Livelihoods Project (NRLP) currently spans across 13 states, 162 districts and 575 blocks. It has integrated 8.8 million women from poor rural households into 7.5 lakh self-help groups (SHGs). | |
| 488. |
Which bank plans to grow its balance sheet size threefold in five years? |
| Answer» Singapore's DBS Bank plans to grow its balance sheet size threefold in five years. DBS recently started operations in India as a wholly owned subsidiary (WoS). The bank is expected to close the financial year with a balance sheet size of Rs.50,000 crore. In 2018, the bank infused Rs.1,800 crore capital while transforming itself into a WoS. The total capital of the bank now stands at Rs.7,700 crore, with a capital adequacy ratio of more than 19%. The loan book, which is about Rs. 20,000 crore, is predominantly made up of corporate loans while the share of retail is less than 10%. The deposit base of the bank is about Rs. 30,000 crore. DBS aims to grow the retail so that it contributes 30% of the income and profitability over the next few years. | |
| 489. |
How much did UN owe India for peacekeeping operations? |
| Answer» United Nations (UN) owes India USD 38 million, the highest it has to pay to any country, for the peacekeeping operations as of March 2019. In a report on improving the financial situation of the world body, as of March 31, 2019, the total amount payable to troop- and police-contributing countries with respect to active peacekeeping missions was USD 265 million. Of this, the UN owes USD 38 million to India, followed by Rwanda (USD 31 million), Pakistan (USD 28 million), Bangladesh (USD 25 million) and Nepal (USD 23 million). The arrears to troop- and police-contributing (TCCs/PCCs) countries could increase to USD 588 million by June 2019 "in the worst-case scenario". | |
| 490. |
The first domestic bank to link the interest rate it offers on savings account deposits to the Reserve Bank of India's repo rate. |
| Answer» State Bank of India has become the first domestic bank to link the interest rate it offers on savings account deposits to an external benchmark - the Reserve Bank of India's repo rate. By doing so, the bank will effectively link all loan rates to an external benchmark either directly or indirectly, thereby attempting to speed up the transmission of any changes in the benchmark monetary policy rate to depositors and borrowers. | |
| 491. |
Which bank has sanctioned a loan Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs)? |
| Answer» State-owned Punjab National Bank (PNB) has sanctioned loans worth Rs 689 crore to over 1,600 Micro, Small and Medium Enterprises (MSMEs) through the psbloansin59minutes.com portal as part of its effort to promote such industries. Under the Mudra Yojana, the bank has offered loan to over 2.69 lakh small entrepreneurs this fiscal (till February 14, 2019). | |
| 492. |
Which bank raised Rs.660 crore by selling shares to employees under Employee Share Purchase Scheme (ESPS)? |
| Answer» State-owned Bank of India (BoI) raised Rs.660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The bank issued 6,25,52,188 shares of Rs.10 each to eligible employees. The Bank offered a discount of 24.28% on the applicable price to the employees and about 94.70% of total employees participated. | |
| 493. |
Which bank has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers? |
| Answer» State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers. Eligible customers can avail this service at a nominal fee of 100 rupees per transaction for financial transactions and 60 rupees for non-financial transactions. Doorstep banking services are available to KYC- compliant account holders, with a valid mobile number registered with the bank and residing within 5 kilometers radius from their home branch. This service will not be available for accounts operated jointly, minor accounts, and accounts of non-personal nature. | |
| 494. |
This bank crossed the Rs.6 trillion market capitalization after TCS and RIL. |
| Answer» HDFC Bank Ltd crossed the Rs6 trillion market capitalization mark for the first time, making it only the third Indian firm-after Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL)-to achieve the milestone. RIL is the most valued company in India with a market cap of Rs8.50 trillion, followed by TCS at Rs7.48 trillion. | |
| 495. |
Which bank celebrated its 114th Foundation Day on 12th March 2019? |
| Answer» Corporation Bank celebrated its 114th Foundation Day on 12th March at various centres of the bank across the nation and undertook 114 Corporate Social Responsibility (CSR) activities to mark the day. CEO and MD for the bank P.V Bharathi, Executive Directors Gopal Murli Bhagat and Birupaksha Mishra and other senior officials were present at the occasion. Corp Ease- which is a mobile banking app in 10regional languages, was launched by P.V Bharathi. | |
| 496. |
RBI allows HDFC Bank to hold how much percent in Bandhan Bank? |
| Answer» HDFC, India's largest mortgage lender, which has agreed to merge its low-cost arm Gruh Finance Pvt. Ltd. with Bandhan Bank, can hold 9.9 percent in the bank, according to its exchange filing. That's the maximum a non-banking finance company can own in a private bank. HDFC had sought approval for 14.96 percent. | |
| 497. |
This bank raises Rs 487 crore through private placement of Tier II bonds. |
| Answer» Karur Vysya Bank announced that it has raised Rs 487 crore through Basel-III compliant bonds for funding its growth plans. The decision was taken in the Capital Raising Committee of the board. The committee allotted 48,700 BASEL-III compliant unsecured, redeemable, non-convertible tier-II bonds of Rs 1,00,000 each, totalling to Rs 487 crore and the capital raising was done on private placement basis. The instrument will be listed on NSE. | |
| 498. |
Which bank launched 'YONO cash', cardless withdrawal of cash? |
| Answer» State Bank of India launched 'YONO Cash' for cardless withdrawal of cash at over 16,500 SBI ATMs across the country. With this facility, customers can initiate the cash withdrawal process on the YONO app and set a six-digit YONO Cash PIN for the transaction. They will also get a six-digit reference number for the transaction on their registered mobile number via SMS. The withdrawal has to be completed in the next 30 minutes at the nearest ATM. The initiative will also address their concern of using debit card at the ATMs for cash withdrawals by eliminating possible risk associated with it. | |
| 499. |
Which bank appointed KVS Manian, Gaurang Shah as board directors? |
| Answer» KVS Manian and Gaurang Shah appointed as Kotak Mahindra Bank's whole-time directors for a three-year term effective from the date of approval from the Reserve Bank of India. He is currently working as the president - corporate, an investment bank and Gaurang Shah is the president- group chief risk officer of the bank. | |
| 500. |
Rajesh Yaduvanshi is appointed as Executive Director of this bank. |
| Answer» Punjab National Bank (PNB) appointed Rajesh Kumar Yaduvanshi as the Executive Director of the bank. Rajesh Kumar Yaduvanshi joined PNB as a management trainee in 1985. He is equipped with an experience of 34 years in the banking career and is a certified associate member of Indian Institute of Bankers. In the past, he had worked with Dena Bank in the capacity of the Executive Director. He holds a doctorate in science from Indian Agricultural Research Institute, (IARI) New Delhi. | |