InterviewSolution
Saved Bookmarks
InterviewSolution
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.
| 551. |
Artificial Intelligence based HR solutions provider, Talocity to enable Touchless hiring for __________. |
| Answer» Artificial Intelligence based HR solutions provider, Talocity will provide Yes Bank its touchless technology in hiring process for Yes bank. This is done to enhance the hiring process with unbiased HR outcomes and to attain high-quality talent. In the process of recruitment, candidates are interviewed by an AI bot on a one-way video platform. Talocity's machine learning and AI capabilities will create personality report of each job applicant. This creates a unique evaluation platform which is effective without any human involvement and helpful in large volume hiring. | |
| 552. |
Which bank has acquired the shares in electric equipment maker CG Power? |
| Answer» Yes Bank has acquired eight crore shares in electric equipment maker CG Power and Industrial Solutions which were pledged to it by a borrower. The acquired shares represent 12.79% ownership in the company and will be valued at ₹292.56 crore. CG Power had a turnover of ₹6,287 crore in fiscal year 2017-18. | |
| 553. |
Name the bank which has appointed Balachandra Y V as Chief Operation Officer (COO) and Gokuldas Pai as Chief Business Officer (CBO). |
| Answer» Mangaluru based Karnataka Bank Limited appointed Balachandra Y V as Chief Operation Officer (COO) and Gokuldas Pai as Chief Business Officer (CBO). Earlier, both are General Managers of Karnataka Bank who were promoted as COO and CBO of the bank. The previous COO of Karnataka Bank was Raghavendra Bhat M. | |
| 554. |
Name the bank which agrees to buy stake in INX for Rs 31 crore. |
| Answer» ICICI Bank has entered into an agreement with the Bombay Stock Exchange (BSE) to buy stake in its subsidiary India International Exchange (INX) which is located at Gujarat International Financial Tec-City (GIFT City) Gujarat for around Rs 31 crore. ICICI is buying stake up to 9.9 % in INX. | |
| 555. |
Which bank has reduced its benchmark lending rate by 0.05% points? |
| Answer» State-owned Allahabad Bank announced a reduction in benchmark lending rate by 0.05 percentage points across various tenors. The marginal cost of funds-based lending rate (MCLR) for a one-year loan has been reduced to 8.60% from 8.65% effective May 14. Most of the loans including housing loans are benchmarked against MCLR for one year. | |
| 556. |
Who unveiled a mobile app to aid visually impaired persons in identifying Indian currency notes, recently? |
| Answer» The RBI proposes to come out with a mobile application to aid visually impaired persons in identifying Indian currency notes. At present, banknotes in the denominations of Rs 10, 20, 50, 100, 200, 500 and 2,000 are in circulation, besides Re 1 notes issued by the Government of India. The mobile application shall provide multi-lingual support as well as audio notifications. | |
| 557. |
RBI Slaps Rs.1-crore fine on this bank which is failed to automate the non-performing asset. |
| Answer» The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard. | |
| 558. |
Centre is to mandate _________ code based payment method option using UPI at all shops to promote digital payment. |
| Answer» The Indian government is planning to mandate a quick response (QR) code based payment method option using Unified Payments Interface (UPI) at all shops. The prime idea behind the proposal of mandatory QR code-based payment is to make digital payment more popular and bring a behavioral change in the ecosystem. The GST council approved the proposal. The move will also provide a GST benefit to both shops and consumers. The govt has for the project roped in National Payments Corporation of India (NPCI) to work on a necessary mechanism to launch it nationally. The QR code payment is reported to have witnessed exponential growth in consumer adoption in ASEAN countries. | |
| 559. |
Who launched a document named 'Payment and Settlement Systems in India: Vision 2019 - 2021' recently? |
| Answer» Reserve Bank of India on May 15 released a vision document, 'Payment and Settlement Systems in India: Vision 2019 - 2021', with its core theme of Empowering Exceptional (E) payment Experience that aims to achieve a highly digital and cash-lite society. It mainly targets to Increase digital payment transaction of GDP by 15%, Increase payment system operators, fourfold increase in digital transactions, Reduce currency in circulation with no specific target, Reduce the volume of cheque-based payments to less than 2%. | |
| 560. |
Which bank has collaborated with IMGC for a mortgage guarantee-backed home loan? |
| Answer» HDFC Bank collaborated with IMGC (India Mortgage Guarantee Corporation) for a mortgage guarantee-backed home loan. Mortgage guarantee is a financial product which compensates lending institutions for the losses that may occur when a home owner defaults on a mortgage loan. In 'mortgage guarantee', the risk of the home loan gets transmuted from the bank/FIs (financial institution) to the mortgage guarantee company. This collaboration will help HDFC provide more loan to a home loan customer on an improved eligibility. The main objective of the collaboration is to address middle age-salaried customers, self employed customers and young salaried customers. | |
| 561. |
Name the bank which is among the top RRB performer in the country. |
| Answer» Tripura Gramin Bank is among India's top three Regional Rural Banks (RRBs) in terms of profit, business, and growth. Currently, India has 45 Regional Rural Bank out of which Tripura Gramin Bank ranked 3rd in the country. Tripura Gramin Bank has posted a profit for 7 successive years to Rs 125.45 crore in fiscal 2018-19. The Bank also registered the business of Rs. 9,000 crores, with net Non-Performing Asset (NPA) of zero percent and gross NPA of 8.94 percent. In Tripura Gramin Bank, the central government has a 50% stake, the Union Bank of India has 35% stake and rest 15% is held by the Tripura government. Tripura Gramin Bank is the only RRB in the north-eastern region out of eight, which has been making profit to 7 successive years. | |
| 562. |
World Bank and __________ joined hands for World's first Blockchain Bond Transaction. |
| Answer» International Bank for Reconstruction and Development (IBRD, World Bank) in partnership with Commonwealth Bank of Australia (CBA) enabled recording of secondary market bond trading using blockchain technology. With this, Bond-i become the first bond whose issuance and trading is recorded on a blockchain platform. This also marked the next phase of the bond-i (blockchain operated new debt instrument) project. Bond-i, first issued in August 2018 by World Bank, is the world's first bond entirely based on blockchain, a type of Distributed Ledger Technology (DLT). CBA was the sole arranger of the bond. That experiment phase of 2018 helped the World Bank to raise $81 million at the time. | |
| 563. |
By what percent, the usage of debit card swipes on Point of Sales (PoS) terminals rise in March 2019, as per the Reserve Bank of India(RBI) data? |
| Answer» In accordance with the Reserve Bank of India (RBI) data, debit card swipes on Point of Sales (PoS) terminals have been increased over 27% in March 2019 in comparison to the same period of 2018. While, withdrawals from ATM hiked at a low rate of 15%. Debit card payments for merchant transactions have gone up more than 250% between March 2019 and 2016.The usage of Credit cards for PoS transactions mounted 22% versus 2018, as there were 162 million PoS transactions in March 2019 against 127 million in March 2018. | |
| 564. |
Which bank has signed an agreement to provide USD 750 million to India for Railway Track Electrification? |
| Answer» Multilateral funding agency Asian Development Bank (ADB) has announced that it has signed an agreement to provide USD 750 million equivalent in Indian rupee long-term financing to electrify railway tracks in India. It is the largest single non-sovereign loan ever committed by ADB to Indian Railway Finance Corporation (IRFC) to fund the railways track electrification project. | |
| 565. |
What is the maximum rate of service charge revised by Reserve Bank of India(RBI) for the non-chest bank branches, which has deposited in the modern Currency Chests(CC)? |
| Answer» The Reserve Bank of India (RBI) permitted the modern Currency Chests (CC) to hike service charges on the cash deposited by non-chest bank branches from Rs.5 per packet of 100 pieces to a higher rate subject to a maximum of Rs.8 per packet.Only those Currency Chests(CC) will be classified as large modern Currency Chests who fulfill the minimum standards. After the fulfillment of this criteria, the rates can be increased. | |
| 566. |
For which transactions RBI has extended the time from 4:30 pm to 6 pm? |
| Answer» The Reserve Bank of India (RBI) announced that the time-window for using the Real Time Gross Settlement System (RTGS) for customer transactions will be extended from 4:30 pm to 6 pm on all working days. It will be effective from June 1, 2019. The current RTGS service window for customer transactions is available to banks from 8 a.m. to 4.30 p.m. on a working day. | |
| 567. |
Which financial service firm launched Trade AI Engine in partnership with IBM? |
| Answer» Standard Chartered in partnership with IBM has launched the Trade AI Engine which will automate the high-risk process of trade documentation. It will enhance client experience through increased operational efficiency and strengthened operational control. This newly launched Trade AI Engine will replace the Traditional documentary trade consisting of millions of data elements in paper-based that are reviewed through a largely manual process. Conversion of non-digital shipping documents into machine-readable format enabled by Optical Character Recognition (OCR). Identification and classification of document types from an initial pre-defined database. Continuous Machine learning (ML) based on user re-classification/re-defining of data elements to further improve accuracy. | |
| 568. |
Name the organization, which has tied up with Oriental Bank of Commerce to offer loans for purchase of equipment under a co-lending arrangement. |
| Answer» Srei Equipment Finance tied up with Oriental Bank of Commerce to offer loans for the purchase of equipment under a co-lending arrangement.Srei Equipment Finance is a wholly-owned subsidiary of Srei Infrastructure Finance. The funds for the project will be sourced through a platform named iQuippo, a unique digital market place of Kanoria Foundation. It will help in loan origination, loan dues collection, auction of equipment, valuation of equipment and other facilities.The co-lending arrangement will include the financing of construction, mining and allied equipment, medical equipment, commercial vehicles and farm equipment. | |
| 569. |
RBI sets up a committee on corporate loans to increase the efficiencies of the debt market. It consists of how many members? |
| Answer» RBI has constituted a six-member committee on the Development of Secondary Market for Corporate Loans to come up with recommendations to increase the efficiencies of the debt market and aid in the resolution of stressed assets. The committee, headed by TN Manoharan, Chairman, Canara Bank, will make recommendations on required policy/regulatory interventions for facilitating the development of the secondary market in corporate loans, including loan transaction platform for stressed assets. | |
| 570. |
Which bank has partnered with Honda Motorcycle & Scooter India (HMSI) for providing financing solutions for vehicles across the country? |
| Answer» Honda Motorcycle & Scooter India (HMSI) partnered with IDFC FIRST Bank to provide financing solutions for vehicles across the country. The Memorandum of Understanding (MOU) was signed for the loan facility up to 100% of vehicle cost, zero processing fee, down payment of Rs.999 and extended loan tenure of 48 months offered to two-wheeler customers. This will lead to extra savings of Rs 5,000 on an average loan. The partnership will help IDFC FIRST Bank to offer speedy and convenient financing solutions to the customers. | |
| 571. |
Which bank form venture with Centrum Wealth to provide wealth management services? |
| Answer» Karur Vysya Bank Ltd (KVB) partnered with Centrum Wealth Management Ltd(Centrum) to form private limited Joint Venture(JV) to provide wealth management services to its clients. KVB will hold 51% of the share capital, Centrum will hold 45% and the remaining 4% will be held by the JV's Staff. | |
| 572. |
Who released an report "Benchmarking India's Payment Systems", recently? |
| Answer» The report on 'Benchmarking India's Payment Systems' which was released mentions that the country is "strong" in areas like having necessary laws and cash in circulation per capita. The report provides a comparative position of the payment system ecosystem in India relative to comparable payment systems and usage trends in other major countries. | |
| 573. |
RBI imposes Rs __________ crore on Kotak Mahindra Bank. |
| Answer» The RBI has slapped a penalty of Rs. 2 crores on Kotak Mahindra Bank for the non-state lender's failure to adhere to the regulator's diktat on promoter shareholding. The central bank has been engaged in a dispute with Kotak Mahindra since 2014 over its failure to meet the milestone for stake reduction by Uday Kotak, the billionaire promoter of the bank. | |
| 574. |
RBI relaxed leverage ratio for banks to __________. |
| Answer» The Reserve Bank of India (RBI) relaxed the Leverage Ratio (LR) for banks to 3.5%. This is done to help them in order to expand their lending activities. The LR is reduced to 4% for Domestic Systemically Important Banks (D-SIBs). LR is defined under Basel-III norms, Tier 1 Capital as a percentage of the bank's exposure. It was introduced for banks post-financial crisis of 2008. The minimum requirement for LR set by the Basel Committee on Banking Supervision (BCBS) is 3%. Banks have been required to publicly disclose their Basel III leverage ratio on a consolidated basis from 1 April 2015 quarterly. LR is one of the 4 indicators under the RBI's Prompt Corrective Action (PCA) framework and an important supplement to the risk-based capital requirements. | |
| 575. |
This bank launches centre for MSMEs in Bengaluru |
| Answer» ICICI Bank launched a centre in Bengaluru to provide business solutions exclusively to start-ups and MSME sector. ICICI Bank along with Viral Rupani, Retail Business Head South, ICICI Bank inaugurated the centre. The services offered include working capital loans upto ₹20 crore, business loans (based on GST returns) upto Rs 1 crore, instant overdraft facility of ₹15 lakh, extensive trade solutions and cash management services, among others. | |
| 576. |
Which bank has conducted the first e-auction of forest produce in Maharashtra? |
| Answer» Yes Bank has conducted the first e-auction of forest produce in Dhanora Mahasangh in Maharashtra under its Tech for Change initiative where the bank work with the government and corporate to create technology-based solutions which have a social impact. It is a joint effort of Yes Bank with its fintech partner, Sparsh Technologies. The expected throughput is about Rs 40 crore per annum. | |
| 577. |
IDBI Bank reduced its Marginal Cost of funds based Lending Rate (MCLR) by 5-10 basis points to __________. |
| Answer» Life Insurance Corporation of India (LIC)-owned IDBI Bank reduced its Marginal Cost of funds based Lending Rate (MCLR) by 5-10 basis points to 8.95% across various tenors with immediate effect on June 12. Against one-year MCLR most of the customer loans such as auto, personal and home loans are priced. | |
| 578. |
Which Committee was set up by RBI to review the entire gamut of security of treasure in transit in 2016? |
| Answer» The Reserve Bank of India (RBI) asked the banks to grout Automated Teller Machines (ATMs) to a wall, pillar, or floor by September 30, 2019 in order to mitigate risks in ATM operations and increase security. Exceptions were given to the ATMs installed in high secured premises such as airports as they have adequate CCTV (Closed Circuit Television) coverage and are guarded by state/central security personnel. The measure was adopted by the RBI after the recommendations made by the Committee on Currency Movement (CCM) under the chairmanship of DK Mohanty which was formed in 2016. All the ATMs will be operated for cash replenishment only with digital One Time Combination (OTC) locks. | |
| 579. |
HDFC sells further __________ stake in Gruh Finance for ₹899 crore. |
| Answer» HDFC has sold over 4.22% stake in subsidiary Gruh Finance Ltd (Gruh), which is proposed to be amalgamated with Bandhan Bank for ₹899.43 crore. Post the completion of the aforesaid sale of shares, Gruh would cease to be a subsidiary of the Corporation. Gruh is engaged in the business of providing home loans and is registered with the National Housing Bank as a housing finance company. | |
| 580. |
This bank was reported with highest number of fraud cases in India in the last 11 fiscal years. |
| Answer» The Reserve Bank of India's (RBI) data revealed that 53,334 fraud cases worth Rs. 2.05 lakh crore hit the banks in India in the last 11 fiscal years i.e, between 2008-09 and 2018-19. The highest number of cases were reported in ICICI (Industrial Credit and Investment Corporation of India) Bank, State Bank of India (SBI) and HDFC (Housing Development Finance Corporation) Bank. | |
| 581. |
With which bank, ECL Finance tied up for MSME loans? |
| Answer» The Bank of Baroda (BoB) and ECL Finance, the flagship non-banking financial company of Edelweiss Group, signed an agreement to form a strategic partnership to explore co-lending opportunities. They will offer loans and expertise for the growing needs of Micro, Small and Medium Enterprises (MSME), self-employed and priority sector groups. They will provide timely delivery of credit to customers at a significantly lower cost. | |
| 582. |
RBI sets up a committee to review the current framework for the MSME sector. It consists of how many members? |
| Answer» The Reserve Bank of India had set up an eight-member expert committee under the leadership of former chairman of SEBI, UK Sinha on 18 June 2019. The aim is to review the current framework for the MSME sector. UK Sinha, former chairman of SEBI was the head of the committee. | |
| 583. |
RBI imposes Rs.1 crore penalty for this bank for violating its KYC, AML norms. |
| Answer» The Reserve Bank of India (RBI) imposed Rs.1 crore penalty on private sector lender HDFC Bank for violating know your customer (KYC) and anti-money laundering (AML) norms. The penalty was imposed on 18 June 2019. RBI had received a reference from customs' authorities regarding submission of forged bill of entries (BoEs) by certain importers to the bank for remittance of foreign currency. RBI's examination revealed the violations of the RBI directions on KYC/AML norms and on reporting of frauds. RBI said that the penalties are based on deficiencies in regulatory compliance. Also it is not intended to pronounce upon the validity of any transaction or agreement entered into by the banks with their customers. | |
| 584. |
This bank recently updates rules for cash deposits of up to Rs 50,000. |
| Answer» From July 1, Canara Bank customers can deposit cash of up to Rs 50,000 for free only thrice a month. From the fourth transaction or for cash deposits of over Rs 50,000, there will be a service charge of Rs 1 per thousand, with a minimum of Rs 50 and a maximum of Rs 5,000 plus GST. | |
| 585. |
The Bharat Financial Inclusion will be merged with which bank? |
| Answer» IndusInd Bank recently announced that 4 July will be the effective date of its merger with the Bharat Financial Inclusion Ltd (BFIL). Post the merger, M R Rao, the current CEO of BFIL will become the CEO of IndusInd Financial Inclusion Ltd (IFIL). | |
| 586. |
When was the central bank of India, the RBI got nationalised? |
| Answer» The Reserve Bank of India was nationalised with effect from 1st January, 1949 on the basis of the Reserve Bank of India (Transfer to Public Ownership) Act, 1948. | |
| 587. |
Who is the chair person of SBI (State Bank of India)? |
| Answer» Rajnish Kumar, the senior most of the managing directors at State Bank of India (SBI), is the 25th chairman of the country's largest lender, who succeeded Arundhati Bhattacharya, as the chairman. | |
| 588. |
There are how many Deputy Governor in Reserve Bank of India? |
| Answer» The bank is headed by the governor, currently Shaktikanta Das. There are four deputy governors BP Kanungo, N. S. Vishwanathan, Viral Acharya and Mahesh Kumar Jain. Two of the four deputy governors are traditionally from RBI ranks and are selected from the Bank's Executive Directors. (Viral Acharya resigned recently). | |
| 589. |
What is the current CRR fixed by the RBI? |
| Answer» RBI has the power to determine the lending capacity of the banks in India through CRR. They will increase CRR if they want to reduce the amount that the banks can lend and vice versa. The current CRR is 4% p.a. | |
| 590. |
Recently, Reserve Bank relaxed the leverage ratio (LR) for Domestic Systemically Important Banks (DSIBs). It is; |
| Answer» The Reserve Bank relaxed the leverage ratio (LR) to 4% for Domestic Systemically Important Banks (DSIBs) and 3.5% for other banks. This has been done to help them boost their lending activities. The reduced leverage ratio will be effective from the quarter commencing October 1, 2019. The leverage ratio, as defined under Basel-III norms, is Tier-I capital as a percentage of the bank's exposures. | |
| 591. |
Government of Kerala and this bank have signed the Loan Agreement of USD 250 million for the First Resilient Kerala Program. |
| Answer» The GoI, the Government of Kerala and the World Bank have signed the Loan Agreement of USD 250 million for the First Resilient Kerala Program. The program will focus on strengthening the state's institutional and financial capacity to protect the assets and livelihoods of poor and vulnerable groups. The New Program is part of 'Rebuild Kerala Development Programme' aimed at building a green and resilient Kerala. | |
| 592. |
Reserve Bank of India Deputy Governor N S Vishwanathan gets extension by __________. |
| Answer» Reserve Bank of India Deputy Governor N S Vishwanathan has been given a one-year extension by the GoI. Presently he is heading the Department of Banking Regulation of the Reserve Bank of India. | |
| 593. |
What is the tagline of the bank "Bank of Baroda"? |
| Answer» Since Bank of Baroda has highest Global presence among all Indian Banks. The tagline depicts the same. | |
| 594. |
Which public sector bank has been authorised to issue 11th tranche of Electoral Bonds sale in India? |
| Answer» The Finance Ministry of India has launched the 11th tranche of Electoral Bonds sale from July 1-10. In this regard, India's largest Public Sector Bank (PSB), State Bank of India (SBI) has been authorised to issue and encash electoral bonds in the XI phase of sale through its 29 branches. This is the first issuance of electoral bonds after the formation of the new government. | |
| 595. |
Which bank has signed an MoU with NIIF in pact for funding infrastructure projects? |
| Answer» The State Bank of India has signed a memorandum of understanding with National Investment and Infrastructure Fund to boost availability of capital for infrastructure projects. The scope of the agreement includes equity investments, project funding, bond financing, renewable energy support and take-out finance for operating assets. | |
| 596. |
When was the IDBI bank established? |
| Answer» Industrial Development Bank of India was established in 1964 by an Act to provide credit and other financial facilities for the development of the fledgling Indian industry. | |
| 597. |
RBI fined __________ Public Sector Banks for violating KYC norms. |
| Answer» Reserve Bank of India fined 4 Public Sector Banks for violating KYC norms.Reserve Bank of India (RBI) imposed a penalty of Rs 1.75 crore on four public sector banks.The banks which includes PNB and UCO Bank for non-compliance with KYC requirement and norms. | |
| 598. |
With which bank, NBFC IndoStar Capital has tied for vehicle financing for small and medium fleet owners to buy new as well as old commercial vehicles? |
| Answer» ICICI Bank has tied up with NBFC IndoStar Capital for vehicle financing for small and medium fleet owners to buy new as well as old commercial vehicles. Under this partnership, IndoStar will originate and service the customers through the entire loan life cycle including sourcing, documentation, collection and loan servicing. | |
| 599. |
Which bank won the Finance Organisation of the Year during the 3rd edition of the UK-India Awards? |
| Answer» 2019 UK-India Awards marked the conclusion of the annual UK-India Week in London. This was the 3rd edition of the UK-India Award organised by India Inc., a media house based in London. AXIS Bank Limited was conferred with the Finance Organisation of the Year. | |
| 600. |
Which bank launched web tool for NPA recovery process named 'Vasool So-Ft'? |
| Answer» Karnataka Bank launched web tool for NPA recovery process named 'Vasool So-Ft. The tool will enable easy & faster processing, real-time information and immediate decision making in the recovery area. | |