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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.
| 601. |
Who has tied up with Bharti AXA Life Insurance to offer the Bharti AXA Life POS Saral Jeevan Bima Yojana? |
| Answer» The first live payments bank in the country, Air-tel Payments Bank has partnered with Bharti AXA Life Insurance to offer Bharti AXA Life POS (Point of Sale) Saral Jeevan Bima Yojana, a pure life term insurance plan up to Rs 5 lakh which is aimed at the under-insured and uninsured segments in India. The policy available at Airtel Payments Bank's 25,000 retail outlets will be expanded to cover over 60,000 banking points. The customers are offered the option of life cover between 3-5 lakh and it will soon be extended up to Rs 25 lakh. Any individual between the ages of 18 and 55 can enroll for this product. In 2018 Airtel Payments Bank had also partnered with Bharti AXA Life Insurance to offer Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY). | |
| 602. |
Who has ties up with Facebook for digital literacy initiative 'Digital Udaan'? |
| Answer» Reliance Jio ties up with Facebook for digital literacy initiative 'Digital Udaan'. The initiative will have audio-visual training in 10 regional languages. The initiative is announced for the first-time Internet users in the country. The programme is being launched in nearly 200 different locations across 13 states. | |
| 603. |
Which bank sets up centralised hub 'Cen-MARG' to process retail and MSME loans? |
| Answer» Punjab & Sind Bank has set up a centralized hub named "Centralised MSME & Retail Group" (Cen-MARG) for processing retail and Micro, Small and Medium Enterprises (MSME) loans for better efficiency of branches in business acquisition. It is headquartered in New Delhi. It will ensure qualitative improvement in credit appraisal, improved turnaround time, uniform documentation, and efficient monitoring. Cen-MARG will be linked with pan-India branches of the bank in a phased manner. | |
| 604. |
Who frames the monetary policy of India? |
| Answer» RBI devices the monetary policy of India, while the Fiscal policy is framed by the finance ministry. | |
| 605. |
This bank recently announced to pull out of global equities sales and trading to scale back investment banking. |
| Answer» German bank, Deutsche Bank announced to pull out of global equities sales and trading with an aim to scale back investment banking. The decision is expected to cut off 18,000 jobs for a globally of around 74,000 employees by 2022. | |
| 606. |
Which bank has acquired a 9.47% stake of Eveready Industries India by invoking shares pledged by McLeod Russel? |
| Answer» Mumbai based Private sector lender, YES Bank has acquired a 9.47% stake in dry cell battery maker, Eveready Industries India by invoking shares pledged by McLeod Russel.The acquisition comes after the Indian tea company, McLeod Russel defaulted on repayment of credit facilities extended by the Yes bank. McLeod's debt is about Rs.1,800 - 2,000 crore.The bank acquired 68,80,149 equity shares having a nominal value of Rs 5 per share constituting 9.47% of the post-issue paid-up share capital. | |
| 607. |
State Bank of India has reduced its benchmark lending rate by __________ bps for all loan tenures. |
| Answer» State Bank of India has reduced its benchmark lending rate by 5 bps across all loan tenures. The lender's one-year marginal cost of funds based lending rate (MCLR) will be 8.4% compared with 8.45%. | |
| 608. |
Who has formed an internal committee to review timings of different financial markets? |
| Answer» Reserve Bank of India (RBI) has formed an internal committee to review timings of different financial markets. It change the timing of the functioning of the foreign exchange market from 9 am to 9 pm. Currently, the currency market works from 9 am to 5 pm. The move is after RBI's consideration to gauge demand and potential benefits. RBI also said that if there is lack of demand from participants, the current market timings for government security markets may be retained. The move is after RBI's consideration to gauge demand and potential benefits. This extension of market timings is expected to provide various benefits like better pricing of post market hours information/data, improved onshore price discovery and a possible shift of offshore volumes to onshore. It is also understood that the extension might entail higher costs to stakeholders. | |
| 609. |
The World Bank Group announced its first female Managing Director on Friday - an Indian national. Her name is_____? |
| Answer» Anshula Kant, an MD at the State Bank of India and formerly CFO of SBI, was appointed MD and CFO of the World Bank Group | |
| 610. |
This bank has announced to do away with charges on NEFT and RTGS transactions through internet and mobile banking from July 1. |
| Answer» State Bank of India recently announced to do away with charges on NEFT and RTGS transactions through internet and mobile banking from July 1. The move came after the RBI decided announced the same decision to boost digital payments. | |
| 611. |
Which bank has signed a loan agreement worth $124 million to finance infrastructure and health care projects in Papua New Guinea and Senegal governments? |
| Answer» The Export-Import Bank of India (Exim Bank) has signed a loan agreement of providing $124 million (over Rs 850 crore) to Papua New Guinea and Senegal governments to finance infrastructure and health care projects.Exim bank has extended Line of Credit(LoC) of USD 100 million to the Government of Independent State of Papua New Guinea for the purpose of financing infrastructure related projects($60 million is to go for Bayer-Madang road project and $40 million for Hoskins-Kimbe road project).Exim Bank has also extended Line of Credit of $24.50 million to the Government of the Republic of Senegal for the purpose of financing up-gradation and rehabilitation of Health Care System. | |
| 612. |
Name the Bank which provides $100 million to L&T Finance arm for wind and solar infrastructure projects. |
| Answer» The Asian Infrastructure Investment Bank (AIIB) will give $100-million loan to L&T(Larsen & Toubro) Infrastructure Finance Company(LTIF) for wind and solar infrastructure projects. This is the first time AIIB provide loan to a non-banking finance company(NBFC). LTIF, a subsidiary of L&T Finance Holdings collaboration with AIIB help the company explore in the international market for green finance. The project will help in increasing the supply of renewable energy in India& also helps to reduce the carbon intensity by 30-35 percent of the 2005 levels by 2030 which was India's commitment under Paris agreement. India has set a target to install 175 Gigawatt (GW) of renewable energy capacity by 2022, of which a total of 80.04 GW of renewable energy capacity has been installed in the country till May 2019. | |
| 613. |
Along with which bank, the Common Services Centres (CSCs) launched a co-branded 'Small Business Money-Back Credit Card'? |
| Answer» HDFC Bank and Common Services Centres (CSCs) launched a co-branded 'Small Business Money-Back Credit Card'. For small traders and village-level entrepreneurs (VLEs). The credit card is designed for VLEs and VLE-sourced customers. The users give easy access to credit for their day-to-day business expenses, according to a statement. The card launched by HDFC Bank MD Aditya Puri and CSC Chief Dinesh Kumar Tyagi. Around ₹70,000 crore worth of business is transacted through the network of CSCs which apart from providing a platform for essential government and public utility services. | |
| 614. |
Who is the CEO of Kotak Mahindra Bank? |
| Answer» It is responsible for driving and overseeing Kotak Mahindra Group's growth charter. Uday Kotak, Founder and Managing Director & CEO of Kotak Mahindra Bank, has led the group in a broad range of financial services for over 30 years. | |
| 615. |
For how many banks, RBI fined for violating certain regulatory guidelines? |
| Answer» The Reserve Bank of India (RBI) imposed fine on State Bank of India (SBI) and Union Bank of India for violating certain regulatory guidelines. RBI fined Rs.7 crore as SBI did not comply with the directions issued by the RBI on Income Recognition and Asset Classification (IRAC) norms, code of conduct for opening and operating current accounts and reporting of data on Central Repository of Information on Large Credits (CRILC), and fraud risk management and classification and reporting of frauds. RBI also fined Rs.10 lakh on Union Bank for non-compliance with the directions on the cybersecurity framework in banks issued by the RBI. The RBI accused Union Bank of India that it failed to carry out the cybersecurity framework in 2016. RBI's examination revealed reports of generation of seven fraudulent messages worth $171 million through the SWIFT system of the bank. | |
| 616. |
Andhra Bank launched its AI(Artificial Intelligence) interactive assistant in Telangana. It's named as; |
| Answer» Andhra Bank launched its AI(Artificial Intelligence) interactive assistant called "ABHi" at a function in Hyderabad, Telangana. It uses new-age technologies include to understand the customer query. They fetch the relevant information from the possible knowledge base in a matter of milliseconds. ABHi is powered by AI startup Floatbot.ai (Bangalore). They are in partnership with IT(Information Technology) company Netxcell Limited(Hyderabad). Customers will be able to get the information instantaneously 24x7, anytime by using ABHi & can also connect and know details from ABHi through (www.andhrabank.in) over Mobile/Desktop browser, Facebook Messenger and over voice using Google Assistant. | |
| 617. |
The first foreign bank to launch operations at Gujarat International Finance Tec (GIFT)-City. |
| Answer» UK- based Standard Chartered will be the first foreign bank to launch operations at International Financial Service Centre (IFSC). The bank has received in-principle regulatory approvals to set up its IFSC Banking Unit (IBU) in Gujarat International Finance Tec-city (GIFT city).Tapan Ray, MD & CEO of GIFT City said that with the presence of Standard Chartered, the IFSC ecosystem will be formidable. | |
| 618. |
Which bank has raised $100 million from International Finance Corporation for the purpose of lending to buyers in housing projects? |
| Answer» Indian public limited housing finance company PNB(Punjab National Bank) Housing Finance Ltd has raised $100 million (around Rs 690 crore) from International Finance Corporation (IFC, member of the World Bank Group) for the purpose of lending to buyers in housing projects. This is the 1st ECB( external commercial borrowings) outlay was made under the RBI (Reserve Bank of India) automatic route for the current financial year (FY2019-20). The central bank has allowed it to borrow ECB up to $750 million annually from oversees through the route. The line of credit secured by the PNB Housing will enhance liquidity and balance the company's long-term asset-liability management position. | |
| 619. |
The first Indian bank to link up with the China's National Advance Payment System (CNAPS) is; |
| Answer» The State Bank of India's (SBI) Shanghai branch is now connected to China's National Advance Payment System (CNAPS). SBI is the only Indian bank to have obtained the license to do business in local currency and also inducted to the CNAPS by the People's Bank of China (PBOC). SBI Shanghai can also offer the real-time transfer of local funds within China by routing them through the PBOC. The CNAPS, launched in 2008 by People's Bank of China (PBOC) provides real-time settlement services for all payments. | |
| 620. |
RBI allows this bank to offer regular banking services in India. |
| Answer» The Reserve Bank of India (RBI) allowed "Bank of China" to offer regular banking services in the country. Banks falling under this schedule have to adhere to the norms of the RBI. 'Bank of China Limited' has been included in the 2nd Schedule to the Reserve Bank of India Act, 1934. | |
| 621. |
Name the bank that will be converted into small finance bank with the aim to provide micro-credit at the doorsteps to individuals and SME's. |
| Answer» The postal department has decided to convert the India Post Payments Bank (IPPB) into a small finance bank (SFB) with the aim to provide micro-credit at the doorsteps to individuals and SME's (Small and medium-sized enterprises). The postal department also sets a target to open one crore accounts for IPPB in 100 days. | |
| 622. |
Reserve Bank of India imposes Rs __________ fine on seven PSBs for violating norms. |
| Answer» The Reserve Bank of India imposed a penalty of ₹11 crores on seven public sector banks for violating norms on current account opening.The banks which includes Allahabad Bank and Bank of Maharashtra have been imposed a fine of ₹2 crore each. | |
| 623. |
For which bank, RBI imposed Rs.1.5 crore for non-compliance on frauds? |
| Answer» Penalty of Rs.1.5 crore was fined on Bank of India over "non-compliance with RBI's (Reserve Bank of India) direction on frauds" in Rotomac group companies. The penalty amount was ordered to be paid within 14 days of receipt of RBI's order. Further 7 more banks were imposed penalty for violating norms. They are Allahabad bank (Rs.2 crore), Bank of Maharashtra (Rs.2 crore), Indian Overseas Bank ( RS.1.5 crore), Oriental Bank of Commerce( Rs.1crore), Union Bank of India(Rs.1.4 crore), Bank of Baroda ( Rs.1.5 crore). Corporation bank was fine Rs.1crore for non-compliance with RBI directions on cybersecurity. | |
| 624. |
Which bank has tied up with fintech company Finwizard Technology Pvt Ltd to offer wealth management products and services? |
| Answer» An 'A' Class Scheduled Commercial Bank, Karnataka Bank has tied up with fintech company Finwizard Technology Pvt Ltd (widely known as "fisdom") to offer wealth management products and services, beginning with mutual funds (MFs), through its 'KBL Mobile Plus' application. The app enables customers to invest in any mutual fund & also help them navigate and select the best-suited funds besides having additional services like redemption assistance and live tracking. With this, the bank will deepen the penetration of its product offers and enable more customers experience through a digital proposition. Since 2006, The Karnataka bank offering mutual funds to its customers. | |
| 625. |
Which entity, has been barred by Reserve Bank of India(RBI) from charging pre-payment penalties or foreclosure charges from individual borrowers ? |
| Answer» The Reserve Bank of India(RBI) has barred the both deposit-taking and non- deposit taking NBFCs(Non-Banking Finance Companies) from charging pre-payment /foreclosure charges on any floating rate term loans sanctioned for purposes other than business to individual loan borrowers. Impact: The move will affect income line of NBFCs which are now troubling with the stock of issues including liquidity crisis.For Banks: RBI barred commercial banks from charging such penalties from individual borrowers with mortgage loans in May 2014. But it allows banks to charge on unsecured loans like credit cards, personal loans.Foreclosure: The foreclosure of personal loan is the full repayment of the remaining loan amount in one single payment instead of paying monthly installments. | |
| 626. |
This bank launched a Instant Demat account opening facility for the clients. |
| Answer» Instant Demat account opening facility which will help clients to open Demat account instantly without any heavy paper works, was launched jointly by Managing Director & Chief Executive Officer (MD & CEO) of Federal Bank, Shyam Srinivasan and G.V Nageswara Rao, MD& CEO of National Securities Depository Ltd (NSDL). The Demat account can be opened by the customers in a matter of a minute by logging into FedNet which is the federal bank's internet banking portal. The account can be opened any time as it is available 24*7 hours and no paperwork is needed to open the account. | |
| 627. |
Reserve Bank of India has reduced the policy repo rate from 5.75% to __________. |
| Answer» In its 3rd Bi-monthly Monetary Policy Committee meeting, the Reserve Bank of India has reduced the policy repo rate by 35 basis points (bps). The MPC has also decided to maintain the accommodative stance of monetary policy. The main decisions taken in the 3rd Bi-monthly Monetary Policy Committee meeting are The repo rate under the liquidity adjustment facility (LAF) was reduced from 5.75% to 5.40%. The benchmark rate is now at its lowest since April 2010. The reverse repo rate under the LAF stands revised to 5.15%. The marginal standing facility (MSF) rate and the Bank Rate to 5.6%. RBI has also reduced the real GDP growth for 2019-20 from 7% to 6.9%. | |
| 628. |
Reserve Bank of India will make available the National Electronic Funds Transfer system on a 24x7 basis from __________. |
| Answer» The Reserve Bank of India will make available the National Electronic Funds Transfer system on a 24x7 basis from December 2019 as per the Payment System Vision 2021 document. Presently, the transfer of funds via NEFT can only be done during banks' working hours. The facility of electronic transfer of funds is available from 8 am to 7 pm on all working days, except the second and the fourth Saturday of the month. The move will revolutionize the retail payments system of the country. It will also reduce the number of cheques while making payments and will also increase efficiency in businesses. | |
| 629. |
By how many basis points has the RBI reduced the repo rate, most recently? |
| Answer» The six-member monetary policy committee (MPC) of the Reserve Bank of India (RBI) on Wednesday cut repo rate by 25 basis points (bps) in its third bi-monthly policy review of the financial year. It was fourth rate cut by the central bank in a row. The short-term lending rate now stands at 5.40 per cent. | |
| 630. |
India's first Corporate Credit Card for SME's was launched by; |
| Answer» Business-to-business payments startup EnKash has launched the country's first corporate credit card called 'Freedom Card' for small and medium enterprises (SMEs). The Freedom Card would give SMEs and startups the freedom to avail credit facility for immediate needs and to manage their liquidity. | |
| 631. |
After State Bank of India, this bank link home loan product to RBI's repo rate. |
| Answer» Indian multinational, public sector bank, Bank of Baroda (BoB) has linked its home loan product to RBI's (Reserve Bank of India (RBI)repo rate after State Bank of India (SBI). With this, home loans at BOB will be available at repo rate linked interest rate starting at 8.35%, thus passing on the further benefit of 10 basis points to the present MCLR (Marginal Cost of Funds based Lending Rate) rated pricing. This decision is following RBI reducing the key interest rate (repo) by 35 basis points to a nine-year low of 5.40%. SBI's reduction: After RBI cut its key repo rate, State Bank of India (SBI), reduced home loan rates by 15 bps effect from August 10, 2019. The revised one-year MCLR stands at 8.25% per annum down from 8.40% earlier. | |
| 632. |
India's first health-focused credit card has been launched by; |
| Answer» India's first health-focused credit card has been launched by RBL Bank and digital healthcare platform Practo. The co-branded health credit card is powered by Mastercard and is available on both Practo and RBL mobile apps and websites. It offers benefits like unlimited and round-the-clock online consultations with experienced and qualified doctors, one free full body health check-up. In addition, the card also offers two complimentary domestic airport lounge accesses every quarter. Beside this, users can also use the card to earn points that can be redeemed for availing Practo services like ordering medicine, tests and online consultations. Currently, Practo is the only platform in the country that lets patients manage their healthcare needs end-to-end. | |
| 633. |
Asian Development Bank(ADB) has signed an agreement to invest __________ million in non-convertible debentures(NCD) being issued by GRIL. |
| Answer» In order to support road sector investment plans of the Indian government, Asian Development Bank(ADB) has signed an agreement to invest $23 million in non-convertible debentures(NCD) being issued by GRIL(GR Infraprojects Limited). This investment will promote the GRIL's ability for the construction of roads and highways in India through the purchase of new building equipment & help execute its existing order book of $ 2.78 billion and enable it to bid for larger and more complex infrastructure projects. The agreement was signed by Michael Barrow, Director General of ADB's Private Sector Operations Department and Vinod Kumar Agarwal, GRIL Chairman and Managing Director. | |
| 634. |
Which bank has signed a bancassurance agreement with Aditya Birla Health Insurance Co Ltd (ABHICL) to provide Aditya Birla's suite of insurance products to its customers? |
| Answer» The 3rd -largest of the private-sector lender, Axis Bank has signed a bancassurance agreement with stand alone health insurer, Aditya Birla Health Insurance Co Ltd (ABHICL) to provide Aditya Birla's suite of insurance products to its customers. Aditya Birla's products will now be available in Axis Bank customer base across its 4,094 branches and digital channels. Through this partnership, Aditya Birla will deepen the penetration of its product offers and enable more customers in Metro, Urban and Rural areas to access their risk solutions anytime, anywhere. | |
| 635. |
Which bank allows e-mandate for cards for recurring transactions? |
| Answer» The Reserve Bank of India has permitted processing of e-mandate on credit and debit cards for recurring transactions (merchant payments). The maximum limit for such a transaction will be Rs 2,000. While processing the first transaction in e-mandate-based recurring transaction series, additional factor authentication (AFA) validation should be performed. As per the RBI circular, no charges should be levied or recovered from the card holder for availing the e-mandate facility on cards for recurring transactions. The direction is applicable for transactions performed using all types of cards-debit, credit and Prepaid Payment Instruments (PPIs), including wallets. | |
| 636. |
Which bank is the oldest Public Sector Bank in India? |
| Answer» Allahabad Bank, established in 1865 - Allahabad Bank is the oldest Public Sector Bank in India having branches all over India and serving the customers for the last 145 years. | |
| 637. |
An online forex marketplace, BookMyForex and card payment company Visa has partnered with which bank to launch a co-branded multi-currency forex travel card? |
| Answer» An online forex marketplace, BookMyForex has partnered with YES Bank and card payment company Visa to launch a co-branded multi-currency forex travel card that will provide a smooth payments solution to Indians traveling abroad. They can load up to 10 currencies on the card. The forex travel card will be available to Customers on the BookMyForex platform and get doorstep delivery at free of cost across major cities in India. In order to promote the sale over currency notes, the platform will offer zero margin or exact inter-bank rates 24*7 on purchases made through the forex travel card. BookMyForex will also offer modern contactless cards that allow a user to simply tap their card on a POS machine, a must-have feature in countries like UK(United Kingdom) where some merchants only allow contactless payments. | |
| 638. |
Which bank has signed a bancassurance agreement with Digit Insurance to provide Digit Insurance's suite of products to its SMEs(Small and medium-sized enterprises) customers? |
| Answer» Karur Vysya Bank(KVB), one of the oldest banks in India has signed a bancassurance agreement with General insurance company, Digit Insurance to provide Digit Insurance's suite of products to its SMEs(Small and medium-sized enterprises) customers. | |
| 639. |
RBI allows recurring transactions up to ________ on cards from Sep 1. |
| Answer» RBI allows recurring transactions up to 2000 on cards from Sep 1. | |
| 640. |
Name the Private sector lender who join hands with standard Chartered for co-branded credit cards. |
| Answer» Private sector lender Bandhan Bank has entered into the partnership with multinational banking and financial services company, Standard Chartered Bank to provide co-branded credit cards to its 40 lakh savings bank account holders across the 1,000 branches of Bandhan. The co-branded cards are available in three variants. It includes,(i) One- for the mass market,(ii) Plus- for the affluent segment and(iii) Xclusive- for the premium segment. The credit period offered will be of 52 days. As part of this partnership, Standard Chartered Bank will take the risk of credit failure & Bandhan Bank will be responsible for identifying and issuing cards to its customers. | |
| 641. |
Euromoney has named this bank as the 'World's Best Bank'. |
| Answer» English-language monthly magazine 'Euromoney' has named DBS bank as the 'World's Best Bank'. DBS as of now is the only bank in the world to concurrently hold three global best bank awards. Previously it won Global Finance's "Best Bank in the World" in August 2018 and The Banker's "Bank of the Year - Global" in November 2018. it also marks the first time an Asian-headquartered bank has been named "World's Best Bank" by Euromoney since 1993. | |
| 642. |
Indian Bank will be merged with __________ to become the 7th largest public sector bank with business of Rs 8.08 lakh crore. |
| Answer» Union Finance Minister Nirmala Sitharaman has announced a big consolidation of public sector banks. Under the scheme of amalgamation, 10 public sector banks are to be merged into four banks. After the amalgamation, the total number of Public Sector Banks in the country will come down to 12 from 27 banks in 2017. Indian Bank will be merged with Allahabad Bank to become the 7th largest public sector bank with business of Rs 8.08 lakh crore. | |
| 643. |
This bank launches India's first OTP facility for ATM cash withdrawals above Rs.10,000. |
| Answer» Canara Bank, one of the largest public sector banks in India has launched India's first one-time password (OTP) facility for ATM withdrawals over Rs.10,000 in a day. This extra security armor will protect the card users from illegally withdrawing money from ATMs (Automated Teller Machine). Many banks have started taking steps to protect their customers from ATM fraud. On March 15, 2019, The State Bank of India( SBI) has also launched YONO (You Only Need One) Cash Services for customers to withdraw money from ATMs without a card. | |
| 644. |
Which bank and Tata AIG General Insurance signed an MoU? |
| Answer» The public sector Indian Bank signed a Memorandum of Understanding (MoU) with Tata AIG General Insurance to offer a variety of general insurance products to its customers. The MoU was signed in the presence of Ms Padmaja Chunduru MD and CEO of Indian Bank and Mr Saurabh Maini, Senior Vice President and Business Head. The partnership will see around 2,900 branches of the bank spread across India range of insurance policies benefiting its customers by way of protection, wealth creation and savings. | |
| 645. |
What term is used for maximum capital which the company can raise in its life time? |
| Answer» Authorized Capital, Registered Capital and Nominal capital all the three terms are used for maximum capital which the company can raise in its life time. | |
| 646. |
Which is the first bank to introduce OTP facility for ATM withdrawl? |
| Answer» Public sector lender Canara Bank has launched the first OTP facility for ATM withdrawals. In order to offer a more secured and safe system, Canara bank will activate OTP facility for cash withdrawals of Rs 10,000 or more in a day. | |
| 647. |
Which UAE Bank has signed a memorandum of bilateral currency swap agreement with Reserve Bank of India? |
| Answer» India signed a memorandum of bilateral currency swap agreement between Reserve Bank of India and the Central Bank of the UAE. | |
| 648. |
RBI has given a amount to the Central government to revive the economy. What's that amount? |
| Answer» On August 26, the central board of the Reserve Bank of India (RBI) decided to transfer a surplus of Rs 1.76 lakh crore to the government-its highest transfer ever-sparking a fierce debate. | |
| 649. |
As the governments move of merger of 10 PSBs into 4, the banks Oriental Bank of Commerce and United Bank of India will be absorbed by which bank? |
| Answer» Punjab National Bank will absorb Oriental Bank of Commerce and United Bank of India to form the nation's second-largest state-owned lender with combined business of Rs 17.94 lakh crore, overtaking Bank of Baroda with Rs 16.13 lakh crore. SBI leads state-owned banks with business of Rs 52.05 lakh crore. | |
| 650. |
India's first bank to deploy industrial robotic arms to count currency notes is; |
| Answer» India's ICICI Bank declared to be the first bank in the country to deploy industrial robotic arms to count currency notes. As per Bank's statement, it has deployed 14 machines in 12 cities to help sort more than six million notes on a typical day at its various currency chests. The main aim is to brings in a frictionless and completely mechanized process of note-sorting, leading to higher accuracy and flexibility to handle large volumes continuously. | |