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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.
| 701. |
Which bank launched the iBox Service recently in India? |
| Answer» ICICI Bank launches 'iBox' self-service delivery tool for customers to collect their deliverables like debit cards and cheque books from the bank bran nch near to their home/office. | |
| 702. |
Which bank is to take over Syndicate Bank? |
| Answer» The board of Canara Bank has given in-principal approval to the merger with Syndicate Bank. Finance Minister Nirmala Sitharaman had announced consolidation of 10 state-run banks into four large-scale banks. | |
| 703. |
Which bank is to pick up a 49% stake in Yes Bank? |
| Answer» SBI to pick up a 49% stake in Yes Bank for Rs 2,450 crore and clarified that all the deposits and liabilities of the reconstructed bank will continuein the "same manner". The crisis-hit Yes Bank was on March 5 superseded by RBI appointed administrator Prashant Kumar. | |
| 704. |
Which bank has recently waived minimum balance requirement for all savings bank (SB) accounts? |
| Answer» SBI waives minimum balance requirement for all savings bank (SB) accounts and interest rate on all SB accounts lowered to 3%. | |
| 705. |
How much amount will be infused by SBI in Yes Bank? |
| Answer» State Bank of India announces Rs 7,250-crore fund infusion into Yes Bank to pick up 49% equity. | |
| 706. |
Which bank will write-down Additional Tier-1 (AT-1) bonds as part of the SBI-led restructuring package for Yes Bank? |
| Answer» Recently, the Reserve Bank of India (RBI) has made a proposal to write-down Additional Tier-1 (AT-1) bonds as part of the SBI-led restructuring package for Yes Bank. AT-1 bonds are a type of unsecured, perpetual bonds that banks issue to shore up their core capital base to meet the Basel-III norms. | |
| 707. |
The authorized capital of Yes Bank has increased to what amount? |
| Answer» SBI will invest Rs 7,250 crore for 49% equity in Yes Bank Axis Bank and HDFC will invest up to Rs 600 crore and Rs 1,000 crore respectively in Yes Bank. Bank The authorised capital of Yes Bank has been increased to Rs 6,200 crore from Rs 1,100 crore. | |
| 708. |
What is revised exposure limits for urban cooperative banks to a group of borrowers? |
| Answer» Reserve Bank of India (RBI) revised exposure limits for urban cooperative banks (UCBs) to a single borrower and a group of borrowers to 15% and 25%, respectively, of tier-I capital. Previously, the UCBs were permitted to have exposures of up to 15% and 40% of their capital funds to a single borrower and a group of borrowers, respectively. | |
| 709. |
HIL (India) Limited launched "Customer Payment Portal" in association with which bank? |
| Answer» HIL (India) Limited, in association with Union Bank of India, launched "Customer Payment Portal" in New Delhi. The portal collects the payment from its customers of HIL through various online modes for faster and smoother collection of dues. It will help the customers to pay their dues in a quick and convenient manner by any Debit Card, Credit Card, Net Banking, UPI, or online wallets from their homes or offices. | |
| 710. |
Bandhan Bank will invest what amount for equity stake in troubled Yes Bank? |
| Answer» Bandhan Bank to invest Rs 300 crore for equity stake in troubled Yes Bank under RBI's reconstruction scheme. | |
| 711. |
Which bank is to start Swavlamban Express train on June 5 for entrepreneurs? |
| Answer» SIDBI (Small Industries Development Bank of India) to start Swavlamban Express train on June 5 for entrepreneurs. | |
| 712. |
Which Bank has launched an emergency loan facility for its existing loan customers whose business has been hit due to Coronavirus 2019 (COVID 19)? |
| Answer» State Bank of India has launched an emergency loan facility for its existing loan customers whose business has been hit due to Coronavirus 2019 (COVID 19). | |
| 713. |
The Reserve Bank of India (RBI) announced purchase of government securities of how many rupees through OMO to boost liquidity that remain under stress over COVID-19 related disruptions? |
| Answer» The Reserve Bank of India (RBI) announced additional purchase of government securities worth Rs 30,000 crore through open market operations (OMO) to boost liquidity and enhance investor confidence in the financial markets that remain under stress over COVID-19 related disruptions. | |
| 714. |
Which bank has introduced a 1 year-long Covid-19 Protection Cover? |
| Answer» ICICI (Industrial Credit and Investment Corporation of India ) Lombard, a private sector non-life insurance company has introduced a 1 year-long "COVID-19 Protection Cover" at a premium of Rs. 149. Launched in group insurance mode, this policy will pay 100% of the sum insured to the COVID-19 positive individual, irrespective of hospitalization expenses. | |
| 715. |
What is the name of pre-paid card launched by Karur Vysya Bank ? |
| Answer» Karur Vysya Bank launches pre-paid card Enkasu in Tamil Nadu. | |
| 716. |
Which bank has decided to provide 0.25% of its annual profit for 2020-21 to fight the coronavirus outbreak in India? |
| Answer» SBI to provide 0.25% of its annual profit for 2020-21 to fight the coronavirus outbreak in India. | |
| 717. |
Which bank has launched Covid Emergency Line of Credit (CELC) for its customers to tide over liquidity issues? |
| Answer» Union Bank of India launches Covid Emergency Line of Credit (CELC) for its customers to tide over liquidity issues. | |
| 718. |
Which bank has launched IND- COVID Emergency Credit Line (IBCECL) for large corporate? |
| Answer» Indian Bank launches IND- COVID Emergency Credit Line (IBCECL) for large corporate. | |
| 719. |
Which bank will be merged with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC)? |
| Answer» The Punjab National Bank (PNB) has launched a new logo before the mega merger of the bank with the United Bank of India (UBI) and the Oriental Bank of Commerce (OBC) comes into force from 1 April, 2020. The new logo will have signages of all the 3 banks. | |
| 720. |
Which bank is the partner bank of PM-CARES? |
| Answer» People can visit pmindia.gov.in to make contributions using credit and debit cards, UPI, net banking and RTGS or NEFT. State Bank of India (SBI) is the banking partner of PM-CARES. It should be noted that this is a dedicated national fund with the primary objective of dealing with any kind of emergency or distress situation and to provide relief to the affected | |
| 721. |
Which bank is to provide 1 billion USD to Government of India to implement Covid-19 Emergency Response and Health Systems preparedness project? |
| Answer» On April 1, 2020, the World Bank announced that it is to offer 1 billion USD to Government of India to implement Covid-19 Emergency Response and Health Systems preparedness project. | |
| 722. |
BharatPe has started COVID-19 Protection Insurance Cover in association with which bank? |
| Answer» For the first time, BharatPe, a New Delhi-based startup that is doing payment transaction business, has entered into the partnership with ICICI Lombard General Insurance Company Limited, a general insurance company in India, to introduce 'COVID-19 Protection Insurance Cover' for shopkeepers, who are most affected financially due to Coronavirus (COVID-19) outbreak. | |
| 723. |
Green Bonds of USD 100 million has been listed by which bank on India International Exchange Limited's (INX) Global Securities Market Green Platform (GSM)? |
| Answer» On April 2, 2020 the State Bank of India (SBI) has listed green bonds of USD 100 million (about Rs 750 crore) under its USD 10 billion global medium-term note programme on India International Exchange Limited's (INX) Global Securities Market Green Platform (GSM).SBI has adopted the green bond framework with the objective of creating a positive impact on the environment & this transaction is considered as part of the sustainability journey. The funds raised by green bonds are used to finance green projects that do not discharge toxic elements. | |
| 724. |
Which Bank got RBI nod to reappoint Mahabaleshwara M S as MD and CEO for 3 years? |
| Answer» Karnataka Bank gets RBI nod to reappoint Mahabaleshwara M S as MD and CEO for 3 years. | |
| 725. |
The Reserve Bank of India (RBI) released the 49th round of quarterly OBICUS of the manufacturing sector. What is full form of O in OBICUS? |
| Answer» The Reserve Bank of India (RBI) released the 49th round of quarterly OBICUS (Order books, inventories, and capacity utilization survey) of the manufacturing sector. The survey includes the reference period January-March 2020.The OBICUS survey will provide valuable input for monetary policy formulation.The Central Bank has conducted the OBICUS of the manufacturing sector on a quarterly basis since 2008. | |
| 726. |
The Reserve Bank of India (RBI) has announced the second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged during the extended lockdown due to the COVID-19 crisis. Reverse repo rate has been reduced by how many basis points from 4.0%? |
| Answer» The Reserve Bank of India (RBI) has announced the second set of measures to preserve financial stability and help put money in the hands of the needy and disadvantaged during the extended lockdown due to the COVID-19 crisis. RBI has approved to conduct a second set of targeted long-term repo operations (TLTRO 2.0) for an initial aggregate amount of Rs.50,000 crore. Reverse repo rate has been reduced by 25 basis points (bps) from 4.0% to 3.75% with immediate effect. Liquidity Coverage Ratio requirement for scheduled commercial banks has been brought down from 100% to 80% with immediate effect. It aims to improve the liquidity position for individual institutions. | |
| 727. |
RBI announces how much special refinance facilities for NABARD, SIDBI, NHB? |
| Answer» RBI announces Rs 50,000 crore special refinance facilities for NABARD (Rs 25,000 crore), SIDBI (Rs 15,000 crore), & NHB (Rs 10,000 crore). | |
| 728. |
RBI raises Ways and Means Advances limit for States by how much percent over and above the level as on 31 March 2020? |
| Answer» RBI raises Ways and Means Advances limit for States by 60% over and above the level as on 31 March 2020 | |
| 729. |
RBI exempts accounts with moratorium benefits from asset recognition norms for how many days? |
| Answer» In relief to borrowers and banks, RBI exempts accounts with moratorium benefits from asset recognition norms for 90 days. | |
| 730. |
The Reserve Bank of India (RBI) announced how much liquidity support for Mutual Funds (MFs) on 27 April 2020? |
| Answer» The Reserve Bank of India (RBI) announced Rs.50,000 crore liquidity support for Mutual Funds (MFs) on 27 April 2020. It approved the funds under the special liquidity facility scheme effective from 27 April. RBI's move comes after Franklin Templeton's decision to close 6 debt funds and put redemptions on hold indefinitely. | |
| 731. |
The Government of India and which bank signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic? |
| Answer» The Government of India and the Asian Development Bank (ADB) signed a $1.5 billion loan that will support the government's response to the novel coronavirus disease (COVID-19) pandemic. | |
| 732. |
The Reserve Bank of India on May 22, 2020 announced reduction in the Policy Repo Rate from 4.4% to how much percent? |
| Answer» The Reserve Bank of India on May 22, 2020 addressed the media and announced reduction in the Policy Repo Rate from 4.4% to 4%. The reverse repo rate was also reduced to 3.35 percent. The decision was taken by RBI's Monetary Policy Committee to maintain the accommodative stance. The GDP is expected to remain negative for 2020-21. | |
| 733. |
SBI reduces benchmark lending rate by how much basis points with effect from 10 May? |
| Answer» State Bank of India (SBI) slashed the benchmark lending rate by 15 basis points (bps). With the newly announced cut, the MCLR (Marginal Cost of Funds based Lending Rate) reduced to 7.25%, from 7.40% with effect from 10 of May. | |
| 734. |
Which bank becomes 1st bank in India to allow video Know your customer (KYC) facility for customers opening savings accounts on banks digital banking platform? |
| Answer» Kotak Mahindra Bank becomes 1st bank in India to allow video Know your customer (KYC) facility for customers opening savings accounts on Kotak 811 - the banks digital banking platform. The initiative is presently being launched on a pilot basis for savings accounts, Kotak Mahindra. With Video KYC, verification of documents, signature are completed via a video call with a representative from the bank without any physical interface. | |
| 735. |
IRDAI has approved the proposal of which bank to continue with its 30% holding in IndiaFirst Life? |
| Answer» Insurance Regulatory and Development Authority of India has approved the proposal of the state owned lender Union Bank of India (which holds 25.1% stake in Star Union Dai-Chi Life) to continue with its 30% holding in IndiaFirst Life. | |
| 736. |
The World Bank announced emergency operations of how much worth to 100 developing countries over a 15-month period to fight the deadly Coronavirus? |
| Answer» The World Bank announced emergency operations worth USD 160 billion to 100 developing countries over a 15-month period to fight the deadly Coronavirus. The coronavirus pandemic and shutdown is expected to put over 60 million into extreme poverty globally. | |
| 737. |
Which bank has launched a special campaign 'Summer Treats' with offers to meet the changing needs of merchants as well as salaried and self-employed customers? |
| Answer» HDFC Bank, a Mumbai based private sector bank has launched a special campaign 'Summer Treats' with offers to meet the changing needs of merchants as well as salaried and self-employed customers. | |
| 738. |
Which bank has introduced a special fixed deposit scheme for senior citizens which offers an interest rate of 6.55% per annum for deposits up to Rs 2 crores with a tenure of more than 5 years to 10 years? |
| Answer» The Private sector ICICI bank has introduced a special fixed deposit scheme for senior citizens called 'ICICI Bank Golden Years FD' which offers an interest rate of 6.55% per annum for deposits up to Rs 2 crores with a tenure of more than 5 years to 10 years. It is applicable for resident Indians & is available from May 20 to September 30, 2020. | |
| 739. |
According to the State Bank of India's Ecowrap report India's GDP is estimated to grow at what percent in the last quarter of FY20? |
| Answer» According to the State Bank of India's Ecowrap report India's Gross Domestic Product is estimated to grow at 1.2% in the last quarter of FY20 as economic activity came to a halt since last week of March due to the nationwide lockdown. | |
| 740. |
The Airtel Payments Bank has joined hands with which company, to develop a special type of payment solutions for Indian farmers and small and medium enterprises? |
| Answer» In a bid to create financial products especially for those areas where there is less access to bank services, the Airtel Payments Bank has joined hands with Mastercard, a leading technology company in the global payments industry, to develop a special type of payment solutions such as contact less payments via NFC, credit facility and other neighbourhood banking services for Indian farmers and small and medium enterprises. | |
| 741. |
NTPC has collaborated with which Bank to provide learning opportunities to its 19,000+ employees and their family members amid nationwide lockdown? |
| Answer» NTPC Ltd. has offered learning opportunities to its 19,000+ employees and their family members amid nationwide lockdown. The move by the company is to meet the requirements of the lockdown imposed due to the COVID-19 pandemic. NTPC has collaborated with the World Bank to provide learning opportunities. The collaboration aims to provide an opportunity to be part of a rigorous online technical course, attending virtual classes, giving assessments, and, eventually, obtaining certifications. | |
| 742. |
Private sector lender Yes Bank Limited has acquired how much stake in Dish TV India Ltd, a company providing DTH television service in India? |
| Answer» Private sector lender Yes Bank Limited has acquired a 24.19% stake in Dish TV India Ltd, a company providing DTH television service in India, following invocation of 44.53 crore pledged shares due to default in payment of debt by Dish TV and some other companies. It is to be noted that as of March 31, 2019, Dish TV's debt stood at Rs 2,758 crore. | |
| 743. |
Which bank has partnered with Transport Corporation of India Limited to facilitate real time payments for truck drivers by Real Time Application Program Interface solution to enable them to receive payments instantly? |
| Answer» DBS Bank India partnered with Transport Corporation of India Limited to facilitate real time payments for truck drivers by DBS RAPID(Real Time Application Program Interface-APIs by DBS) solution to enable them to receive payments instantly. | |
| 744. |
Which Bank and Mastercard India & Worldline India partnered to launch a digital point-of-sale solution 'Soft POS', the 1st financial payments service in India to transform everyday smartphones into merchant POS terminals? |
| Answer» Axis Bank Ltd, Mastercard India & Worldline India partnered to launch a digital point-of-sale(POS) solution 'Soft POS', the 1st financial payments service in India to transform everyday smartphones into merchant POS terminals. It helps offline merchants and Kirana stores accept payments using their smartphones. Through this app merchants who traditionally accept cash payments will now have a simpler and more secure way to manage transactions. | |
| 745. |
Which Bank has introduced a first-of-its-kind facility for customers to open current accounts through its mobile app? |
| Answer» IndusInd Bank Limited, an Indian new generation bank, has introduced a first-of-its-kind facility for customers to open current accounts through its 'Indus Corporate' mobile app. | |
| 746. |
Which Bank has created a separate Financial Inclusion and Micro Market vertical within the bank with an exclusive focus to provide financial services to people in the interior of the country? |
| Answer» State Bank of India , the country's largest lender has created a separate Financial Inclusion and Micro Market vertical within the bank with an exclusive focus to provide financial services to people in the interior of the country. The new wing will be headed by deputy managing director (DMD) Sanjeev Nautiyal at the national level. | |
| 747. |
NABARD provided how much Special Liquidity Facility to Assam Gramin Vikash Bank in the wake of COVID-19 pandemic to support the agricultural activities of the farmers? |
| Answer» National Bank for Agriculture and Rural Development(NABARD) provided Rs 270 crore Special Liquidity Facility to Assam Gramin Vikash Bank in the wake of COVID-19 pandemic to support the agricultural activities of the farmers. This support & separate line of credit will enable to intensify farmers crop production. | |
| 748. |
Which Bank has approved dollar 1.05 billion for three projects in Bangladesh to create quality jobs and accelerate economic recovery in the wake of the Corona pandemic? |
| Answer» The World Bank has approved dollar 1.05 billion for three projects in Bangladesh to create quality jobs and accelerate economic recovery in the wake of the Corona pandemic. These projects will help the economy in bouncing back by creating more and better jobs and promoting direct private investment in specialized economic zones. | |
| 749. |
Which bank in partnership with Universal Sompo General Insurance Company has launched a health insurance policy? |
| Answer» Karnataka Bank in partnership with Universal Sompo General Insurance Company has launched a health insurance policy. The policy aims to cover the individuals' COVID-19 pandemic related health expenses. | |
| 750. |
Which Indian bank is set to fully digitise its lending operations including home, agriculture, Micro, Small and Medium Enterprises, personal and auto loans? |
| Answer» India's 3rd largest lender, Bank of Baroda is set to fully digitise its lending operations including home, agriculture, Micro, Small and Medium Enterprises(MSME), personal and auto loans. | |