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.
| 651. |
As the governments move of merger of 10 PSBs into 4, Syndicate Bank will be absorbed by which bank? |
| Answer» Canara Bank will absorb Syndicate Bank, giving it a combined business of Rs 15.2 lakh crore and ranking it at fourth, while Union Bank of India will amalgamate with Andhra BankNSE 7.65 % and Corporation Bank (Rs 14.59 lakh crore, fifth). | |
| 652. |
Which bank launches "DigiSmart" credit card, recently? |
| Answer» Standard Chartered Bank, a British multinational banking and financial services company has launched a DigiSmart credit card. The primary focus of the Bank on the ever-growing segment of millennials. The credit card will offer instant discounts and benefits across key e-commerce categories of travel, entertainment, fashion, groceries, and food delivery around the year. The new credit card is available for a nominal monthly fee of only Rs 49. However, this fee will be waived off if the spends of the customer are Rs 5,000 or above in the previous month. | |
| 653. |
Which bank provides $200 million to upgrade rural roads for Maharashtra? |
| Answer» Asian Development Bank (ADB) provides $ 200 million to upgrade rural roads to all-weather standards in 34 districts of Maharashtra. The main aim to improve road safety and better connectivity with markets. The project will improve the condition of about 2,100 kilometers of rural roads to all-weather standards, with climate resilience and safety features, connecting rural communities with productive agricultural areas and socio-economic centers. | |
| 654. |
How many NPA accounts did PNB puts off for sale to recover dues of Rs 1,234 crores? |
| Answer» Punjab National Bank, a government-run put up for sale nearly a dozen Non Performing Assets (NPA) to recover dues of over 1,234 crore. The bank invited bids from Asset Reconstruction Companies (ARCs)/ NBFCs/ banks/ financial institutions for 11 NPA accounts. The accounts having the bad loans include Visa Steel, which has irrecoverable dues of 441.83 crore, IndBarath Energy (Utkal) 414.23 crore, Aster Pvt Ltd 113.57 crore and Om Shiv Estates 100.16 crore. | |
| 655. |
Who has launched Aadhaar Enabled Payment System (AePS) Services recently? |
| Answer» Union Minister for Communications, Electronics & Information Technology and Law & Justice Shri Ravi Shankar Prasad announced that India Post Payments Bank (IPPB) has launched Aadhaar Enabled Payment System (AePS) Services at the first anniversary of its business operations. With this, IPPB became the single largest platform in the country for providing interoperable banking services to the customers of any bank including the 34 crore Jan Dhan account holders. With the help of AEPS services anyone with a bank account linked to Aadhaar can carry out basic banking services like cash withdrawals and balance enquiry irrespective of the bank they hold their account with. Thus, it will benefit the unbanked and underbanked customers and help in doorstep banking access to millions of underbanked customers. In August 2019, the transaction value of AePS stood at Rs. 10,034.12 crores. | |
| 656. |
Along with which bank, Life Insurance Corporation of India Credit Cards Services launched a co-branded credit card? |
| Answer» The Industrial Development Bank of India (IDBI Bank) and Life Insurance Corporation of India Credit Cards Services (LIC CSL), a wholly-owned subsidiary of LIC, will launch a co-branded credit card. It will be marketed to customers, agents, and employees of the corporation and its subsidiaries. At present, IDBI Bank offers 5 credit card variants as LIC has ties up with Axis Bank and Corporation Bank for issuance of credit cards under co-branded/white label agreements. | |
| 657. |
Which bank signs 200 million dollar loan agreement with India? |
| Answer» India and Asian Development Bank signed 200 million dollar loan agreement. The agreement which will upgrade rural roads in 34 districts of Maharashtra to improve road safety. The project aims to improve the condition of about 2,100 km of rural roads to all-weather standards, with climate resilience and safety features. The main aim is to connect rural communities with productive agricultural areas and socio-economic centres. | |
| 658. |
World Bank sanctions __________ crore for food parks across India. |
| Answer» The World Bank will provide Rs 3,000 crore assistance to finance mini and mega food parks across India. The announcement was made by Union Minister of State for Food Processing Industries during the 15th Indo-US Economic Summit. The 15th Indo-US Economic Summit was organized by the Indo-American Chamber of Commerce-North India Council (IACC-NIC) in New Delhi. | |
| 659. |
Which bank has revised the service charges for deposits, cash withdrawals, non-maintenance in Average Monthly Balance(AMB) from October 1, 2019? |
| Answer» The State Bank of India(SBI) has announced revision in charges of deposits and withdrawals that will be effective from October 1, 2019. The new revision is applicable to cash withdrawals, non-maintenance in Average Monthly Balance(AMB) and deposits. | |
| 660. |
Through, which electronic platform does RBI conducts auctions to issue Government Securities? |
| Answer» RBI conducts auctions to issue Government Securities. These auctions are done online through an electronic platform called the E-Kuber. | |
| 661. |
Who launched Bharosa savings account, recently? |
| Answer» Airtel Payments Bank launched Bharosa savings account which enables customers to withdraw cash check their balance or access a mini statement of their account at over 6,50,000 Aadhaar-enabled payment system (AePS) enabled outlets across India. These services have been designed for deepening financial inclusion in the country. The benefits of this product will be further amplified through a structured roadway for the phased introduction of other features linked to formal banking. | |
| 662. |
Reserve Bank of India (RBI) has put the Prompt Corrective Action (PCA) Framework against which bank? |
| Answer» The country's central bank, Reserve Bank of India (RBI) has put the Prompt Corrective Action (PCA) Framework against Lakshmi Vilas Bank (LVB) after an inquiry against the directors of the bank over the alleged fraud. RBI puts the bank in PCA due to reasons like high net NPA (Non Performing Assets), insufficient capital to risk-weighted assets ratio (CRR) and Common Equity Tier 1 (CET1) negative RoA (Return on assets) for two consecutive years and high leverage, based on the on-site inspection under the Risk Based Supervision carried out for the year ended 31 March, 2019. The bank's net NPA registered at 7.49%, capital adequacy ratio was at 7.72% and its RoA was -2.32% as on March 2019. | |
| 663. |
Which bank appoints Samuel Joseph Jebaraj as Deputy Managing Director (DMD)? |
| Answer» IDBI Bank's Board of Directors has approved the appointment of Samuel Joseph Jebaraj as Deputy Managing Director (DMD) for a period of 3 years. He currently serves as Chief General Manager of the Loan Administration and Human Resources Management Groups of the Bank. The decision has been taken as per the approval received by the Reserve Bank of India (RBI). This is the first major appointment on the Bank's Board, in which LIC acquired a majority stake of 51 per cent in January 2019. | |
| 664. |
Trusted Family Bank is the tagline of which bank? |
| Answer» Dena Bank Ltd was an Indian public sector bank with the tagline "Your Trusted Family Bank". | |
| 665. |
How much compensation will the bank has to pay if they fail to settle the amount debited during the failed transaction after the completion of time period? |
| Answer» The Reserve Bank of India (RBI) has come out with a new order for banks and payment system operators regarding the failed transaction of customers. Under this, the time period has been fixed for the disposal of grievances and auto reversal of the amount on the failed transaction for the banks, which has been termed as Turn Around Time (TAT). Banks will have to pay compensation to the customers if there is no settlement or reversal of the transaction within this time period. This compensation will be as per Rs 100 per day after completion of the time period. This RBI order will come into effect on October 15, 2019. | |
| 666. |
What is the timeline of auto reversal of transaction for a bank, when the amount debited from one card but did not reach another card(card to card transfer) as per new guidelines of Reserve Bank of India(RBI)? |
| Answer» As per new guidelines of Reserve Bank of India, During the Card to card transfer, if the amount debited from one card but did not reach another card then the respective bank has to pay back the amount to the customer in 1 day after failed transaction. | |
| 667. |
What is the increased loan limit for small exporters sanctioned by Reserve Bank of India(RBI) in order to boost credit to the export sector? |
| Answer» The Reserve Bank of India (RBI) increased the loan sanction limit for small exporters as priority sector lending (PSL) by banks to Rs 40 crore per borrower from Rs 25 crore in order to boost credit to the export sector. | |
| 668. |
Which bank plans to organise 1,000 Grameen Loan Melas over? |
| Answer» HDFC Bank plans to organise 1,000 Grameen Loan Melas over the next six months. The Grameen Loan Melas or village loan fairs will be held across more than 300 districts and cover around 6,000 villages across India and will be a one-stop shop for people from five to six nearby villages. Local residents can avail tractor loans, auto loans, two-wheeler loans, agri loans, etc. | |
| 669. |
Which private sector bank is planning to open 450 branches in the forthcoming financial year? |
| Answer» Private sector lender ICICI Bank is planning to open 450 branches in the forthcoming financial year. Among the planned 450 branches, 320 branches have already been added. 5000 branches: After the installation of the 320 operational branches for customers, the bank has crossed the milestone of having 5,000 branches. The branch that was opened at Thane in Maharashtra is the 5000th (milestone) branch of ICICI. | |
| 670. |
What is the name of submarine which is commissioned by Shri Rajnath Singh to modernize the Navy and equip it with the best platforms, weapons? |
| Answer» Union Defence Minister Rajnath Singh commissioned (September 28, 2019) the INS Khanderi in Mumbai, making it the second Scorpene-class submarine to join the submarine arm of the Indian Navy. | |
| 671. |
Which Bank has recently reduced the lending rates by ten basis points? |
| Answer» The State Bank of India (SBI) on October 10, 2019 reduced its lending rates by ten basis points and revised the savings rate by 25 basis points for fixed deposits under Rs 1 lakh. | |
| 672. |
How many DCBs will be merged to form Kerala Bank? |
| Answer» The Reserve Bank of India (RBI) approved the amalgamation of all the 13 district co-operative banks (DCBs) of Kerala with Kerala State Co-operative Bank to form the Kerala Bank. | |
| 673. |
Which bank has launched "KayPay", a Fund Transfer service for Facebook users? |
| Answer» Kotak Mahindra Bank has launched KayPay", a Fund Transfer service for Facebook users. It is bank's agnostic payment product for Facebook users to send money to each other. | |
| 674. |
Which bank has recently launched contactless mobile phone payments facility? |
| Answer» SBI has launched the 'SBI Card Pay'. Using SBI Card Pay, customers can make contactless payments at Near Field Communication (NFC) enabled point of sale terminals with just one tap of their mobiles, without using the physical credit card or entering any PIN. | |
| 675. |
Which bank has won the DigiDhan Mission Digital Payments Award 2018-19? |
| Answer» YES Bank won the DigiDhan Mission Digital Payments Award 2018-19 for the Overall Performance in Digital Payments. | |
| 676. |
Which bank has crossed the 3 trillion market capitalization in India recently? |
| Answer» ICICI Bank Ltd crossed the 3 trillion market capitalization for the making it the country's fourth lender to achieve this milestone. | |
| 677. |
The Vijaya Bank Heritage Museum has been inaugurated at the headquarters of the erstwhile Vijaya Bank in which city? |
| Answer» The Vijaya Bank Heritage Museum has been inaugurated at the headquarters of the erstwhile Vijaya Bank in Bengaluru. | |
| 678. |
UPI has crossed how many transactions in October 2019? |
| Answer» UPI hits 1 billion transactions in October 2019. | |
| 679. |
The Reserve Bank has imposed a penalty of Rs 35 lakh on which bank for violating norms on fraud classification and notification? |
| Answer» The Reserve Bank has imposed a penalty of Rs 35 lakh on Tamilnadu Mercantile Bank for violating norms on fraud classification and notification. | |
| 680. |
Which Bank and Srei Equipment Finance ltd have partnered together under a co-lending agreement to provide loans to MSME? |
| Answer» United Bank of India and Srei Equipment Finance ltd have partnered together under a co-lending agreement to provide loans to MSME. They both have jointly organised Loan Utsav in 20 cities across India. | |
| 681. |
ICICI Lombard has decided to sell insurance products with the help of which bank? |
| Answer» ICICI Lombard has entered into a strategic tie-up with Karur Vysya Bank for selling insurance products. Through this collaboration, ICICI Lombard aims to offer innovative insurance solutions to 8 million customers of the bank spread across its 779 branches. | |
| 682. |
Which bank has partnered with Government e-Marketplace for payment related issues? |
| Answer» GeM signed MoU with Central Bank of India. The Central Bank of India will be able to offer an array of services includes the transfer of funds through GeM Pool Accounts (GPA) to the registered users on the portal. The payments and various banking services is one of the priorities for GeM towards the goal of a paperless, contactless and cashless system. GeM already signed MoU with 18 Public Sector and Private Banks. | |
| 683. |
Banks can no longer charge account holders for online transactions in the NEFT system from which month? |
| Answer» From January 2020, banks can no longer charge savings bank account holders for online transactions in the NEFT system. The Reserve Bank of India (RBI) has now mandated banks to do this. RBI stated that it is doing this to promote digital payments. | |
| 684. |
How much minimum balance penalty was collected by Public sector banks in 2018-19? |
| Answer» Public sector banks collected Rs 1,996.46 crore in penalty from customers for not keeping minimum monthly balance in savings account in 2018-19. In 2017-18, the 18 public sector banks collected Rs 3,368.42 crore by levying minimum balance penalty. | |
| 685. |
U GRO Capital with which bank has recently signed loan co-origination partnership? |
| Answer» On November 25, 2019 capital market company NewQuest's U GRO Capital has entered into a co-origination partnership with the State Bank of India(SBI) in order to provide widened credit outreach and faster disbursal. Through U GRO Capital's platform "GRO-Xstream", in-principle loan approval will be done within 60 minutes. | |
| 686. |
IEPFA with which bank has signed MoU for Investor awareness? |
| Answer» Investor Education & Protection Fund Authority (IEPFA) signs MOU with Bank of Baroda for information dissemination and reaching out to investors and stakeholders. The exercise aims to help various investors who often fall prey to tempting offers for investments and Ponzi schemes. The MoU will spread customer awareness and investor education by strengthening ties with IEPFA. | |
| 687. |
How much non-performing assets has been under-reported by SBI for 2018-19? |
| Answer» Reserve Bank of India (RBI) auditors have found that the country's largest bank, State Bank of India (SBI), under-reported its non-performing assets (NPAs) for 2018-19 by Rs 11,932 crore, and made Rs 12,036 crore less provisions. | |
| 688. |
What is current Gross Nonperforming asset ratio of the banking system? |
| Answer» Gross nonperforming asset (GNPA) ratio of the banking system declines from 11.2% in 2017-18 to 9.1% in 2018-19. | |
| 689. |
Which bank has signed a loan agreement with German development bank to establish energy-efficient housing programme in India? |
| Answer» State Bank of India (SBI) has signed a loan agreement with KfW, the German development bank, worth $277 million on 16 December 2019. The arrangement of the loan and the grant facilities was facilitated by SBI's investment banking subsidiary SBI Capital Markets Ltd. | |
| 690. |
Which Bank has launched a digitized version for opening Savings Bank account through TAB banking on the spot? |
| Answer» Karnataka Bank digital initiative launched KBL Xpress SB Accounts a digitized version for opening Savings Bank account through TAB Banking on the spot. The TAB banking account opening process, the Bank can on-board the prospective customer and open the Savings Bank Account. The Bank official visit the customer's place and open the account using the TAB and issue the pre-activated Debit Card and Mobile and Internet Banking will be activated instantly. | |
| 691. |
Ashok Leyland has inked pact with which bank for vehicle financing? |
| Answer» Ashok Leyland has inked a pact with Yes Bank for vehicle finance for a period of 2 years. It will help the company design customized financial solution, and the pan-India reach will help chose the financial solution they desire. | |
| 692. |
Which bank allowed ATM withdrawal above Rs 10,000 only after an OTP verification during 8 PM to 8 AM from January? |
| Answer» SBI is to allow ATM withdrawal above Rs 10,000 only after OTP verification during 8 PM to 8 AM from January. | |
| 693. |
Which online platform has been launched to increase the transparency in auctioning of assets attached by banks? |
| Answer» Finance Minister Nirmala Sitharaman launched eBkray, an online platform to increase the transparency in auctioning of assets attached by banks. The platform is equipped with property search features, and navigational links to all PSB e-auction sites provide single-window access to information on properties up for e-auction as well as a facility for comparison of similar properties photographs and videos of uploaded properties. | |
| 694. |
S. Sundar, who recently resigned was the CFO of which bank? |
| Answer» Lakshmi Vilas Bank Ltd. (LVB) has announced the resignation of its chief financial officer (CFO) S. Sundar.The resignation comes months before the expiry of his two-year tenure.The board of directors, at its meeting, accepted the resignation. Mr. Sundar took charge as CFO during April 2018. | |
| 695. |
P.R. Seshadri, who recently resigned was the MD of which bank? |
| Answer» Private sector lender Karur Vysya Bank Ltd. MD and chief executive officer P.R. Seshadri has resigned citing personal reasons. The board accepted his resignation on January 4. He will be relieved from the services on March 31, 2020, as per his request. | |
| 696. |
Which app has been launched by RBI for visually challenged persons to identify new currency notes? |
| Answer» On January 01, 2020, the Reserve Bank of India launched the MANI application for visually challenged persons to identify new currency notes that werelaunched after demonetization. MANI is Mobile Aided Note Identifier. | |
| 697. |
How much amount was raised by EXIM Bank through an overseas bond sale to execute regular activities? |
| Answer» Exim Bank raises $1 bn via overseas bond sale to execute regular activities. The Export Import Bank of India (Exim Bank) on January 7 said it has raised $1 billion (over Rs 7,000 crore) through an overseas bond sale which will be used for its regular activities. | |
| 698. |
Which bank has unveiled myApps application to boost digital payments? |
| Answer» In a first, HDFC Bank launched myApps application on 9 January 2020. The app aims to boost digital payments in India. MyApps is a customized suite of banking products. The app will benefit urban local bodies, housing societies, local clubs and gymkhanas, and religious institutions. | |
| 699. |
With which bank Assam has signed $88 mn loan agreement to implement the Inland Water Transport Project? |
| Answer» World Bank signed an $88 million loan agreement with the Government of India and the Government of Assam on 16 January 2020. The loan is to help modernize Assam's passenger ferry sector that runs on its rivers including the Brahmaputra and implement Inland Water Transport Project. | |
| 700. |
Which bank has recently launched a 'Cardless Cash Withdrawal' facility from its ATMs? |
| Answer» ICICI Bank announced the launch of a 'Cardless Cash Withdrawal' facility from its ATMs on 21 January 2020.ICICI Bank's Cardless Cash Withdrawal service will allow customers to withdraw cash from over 15,000 ATMs of the bank by raising a request on its mobile banking app, iMobile. | |