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.
| 851. |
Which bank to partner with Adobe to enhance Digital Customer experiences? |
| Answer» On 27th August, 2020 HDFC Bank announced a strategic partnership with Adobe to enhance the Digital Experiences of its Customers. The partnership is powered by Adobe Experience Cloud Solutions and will help HDFC Bank to deliver personalised digital experiences to existing as well as new customers, at anytime and anywhere. | |
| 852. |
UPEIDA signed a deal with which bank to led consortium of 6 banks to fund Bundelkhand Expressway Project? |
| Answer» On 25th August 2020, The Uttar Pradesh Expressway Industrial Development Authority (UPEIDA) signed a deal with the consortium of 6 banks led by Bank of Baroda (BoB) for funding construction of Bundelkhand Expressway project. | |
| 853. |
Andhra Pragathi Grameena Bank entered into a strategic partnership through VC to Offer Life Insurance with whom? |
| Answer» Canara HSBC Oriental Bank of Commerce(OBC) Life Insurance Company Limited(Canara HSBC OBC Life Insurance)and Andhra Pragathi Grameena Bank (APGB) have entered into a strategic tie up virtually. | |
| 854. |
Which bank to receive Human Capital Management Excellence Award 2020 for its HR initiative, "Nayi Disha"? |
| Answer» State Bank of India (SBI) to receive Brandon Human Capital Management(HCM) Excellence Award(also known as the Academy Awards of Learning & Development) 2020, a global recognition for its HR initiative, "Nayi Disha". | |
| 855. |
Vedanta tied up with which bank for Long Term Syndicated Loan of Rs.10000 crore? |
| Answer» On 31st August 2020, Vedanta announced its tie up for a long term syndicated loan facility for Rs.10000 crore with State bank of India(SBI) as facility agent and SBICAP Trustee Company limited(SBICTCL), a wholly owned subsidiary of SBI Capital Market Limited(SBICAP) as the security trustee with door to door tenor of 7 years. | |
| 856. |
S Krishnan appointed as the MD and CEO of which Bank? |
| Answer» Appointments Committee of the Cabinet (ACC) has approved the appointment of S Krishnan as the Managing Director and Chief Executive Officer of Punjab & Sind Bank. He will replace S Harishankar. | |
| 857. |
Who announced OMO of government securities worth Rs. 20,000 crore? |
| Answer» The Reserve Bank of India today announced that it will conduct open market operations or OMO of government t securities worth ?20,000 crore in two tranches. "On a review of current and evolving liquidity and market conditions, the Reserve Bank has decided to conduct simultaneous purchase and sale of government securities under Open Market Operation (OMO) for an aggregate amount of ?20,000 crores in two tranches of ?10,000 crores each. The auctions would be conducted on August 27, 2020 and September 03, 2020," RBI said. | |
| 858. |
Which organisation has ceased the Banking operations by the Aditya Birla Idea Payments (ABIP) Bank under Banking Regulations Act 1949 with effect from July 28, 2020? |
| Answer» Reserve Bank of India has ceased the Banking operations by the Aditya Birla Idea Payments (ABIP) Bank under Banking Regulations Act 1949 with effect from July 28, 2020. Now the bank company could not able to work successfully and applied for voluntary winding up by the Vodafone Idea Limited which holds 51% in ABIP bank and the remaining 49% by Grasim Industries Limited. | |
| 859. |
Which bank launched 'Signature Visa Debit Card' for HNIs? |
| Answer» Bank of India (BoI) on Monday launched "Signature Visa Debit Card" for the affluent/high net worth individuals maintaining an average quarterly balance of ?10 lakhs and above. | |
| 860. |
Which bank is going to launch new loan scheme SAFAL for organic cotton growers? |
| Answer» State Bank of India is planning to launch a loan product named "SAFAL" for organic cotton growers. The product Safe and Fast Agriculture Loan (SAFAL) is primarily focussed on organic cotton growers who don't have any credit history. SBI will use Artificial Intelligence (AI) and Machine Learning (ML) for this purpose. | |
| 861. |
Which bank tops EASE 2.0 Index by IBA? |
| Answer» As per the EASE Banking Reforms Index 2.0, Bank of Baroda has been placed at the first spot. State Bank of India and Oriental Bank of Commerce (OBC) got the 2nd and 3rd place respectively. The Indian Banking Association (IBA) makes EASE (Enhanced Access and Service Excellence) reform index. The aim of this index is to bring fruitful change in the PSBs by brining in healthy competition among these PSBs and by encouraging them to learn from each other. | |
| 862. |
Which organsiation issued a notice on Compliance functions in banks and role of CCO? |
| Answer» Reserve Bank of India has released a notice on Compliance Functions in Banks and the Role of Chief Compliance Officer (CCO). According to the compliance system Banks required, to have an effective compliance culture, independent corporate compliance function, and a strong compliance risk management programme at the bank and group level. Such an independent compliance function is required to be headed by a designated Chief Compliance Officer (CCO). | |
| 863. |
Which insurance company partnered with NSDL Payments bank to offer insurance products? |
| Answer» ICICI Prudential Life Insurance has entered into a corporate agency agreement with NSDL Payments Bank, a subsidiary of National Securities Depository Ltd (NSDL). Under the agreement, ICICI Prudential Life will provide its customer-centric protection and savings products to customers of NSDL Payments Bank. | |
| 864. |
Which card launched the Central Bank Digital Currency testing platform? |
| Answer» Mastercard has launched "Central Bank Digital Currencies" (CBDCs), a Virtual Testing Environment for Central Banks to Assess and Explore National Digital Currencies. Mastercard has invited Central Banks, Commercial Banks and tech and advisory firms to evaluate the suitability of CBDCs in a country or region. | |
| 865. |
Which bank planning to launch loan product 'SAFAL' for organic cotton growers? |
| Answer» State Bank of India is planning to launch a loan product, SAFAL, primarily focused on organic cotton growers who don't have any credit history, said a top official of the country's largest lender. The bank is using Artificial Intelligence (AI) and Machine Learning (ML) in a big way for generating business, SBI managing director C S Setty said speaking at a Fintech conference organised by Federation of Indian Chambers of Commerce and Industry (FICCI). | |
| 866. |
Which company launch AI Classroom Series to skill India's future workforce with AI capabilities in partnership with NASSCOM? |
| Answer» s part of its ongoing efforts to promote skilling as a national priority, NASSCOM FutureSkills and Microsoft have joined hands to launch a nation-wide AI skilling initiative. The initiative aims to skill 1 million students in AI by 2021. The collaboration will provide Microsoft's AI, machine learning and data science expertise to students through easy to consume modules including live demos, hands on workshops and assignments. These introductory sessions on AI will be available for undergraduate students at no cost and will cover the basics of data science, machine learning models on Azure, and understanding of cognitive services to build intelligent solutions. | |
| 867. |
Which bank has launched a new product named "iStartup 2.0"? |
| Answer» ICICI Bank has launched a new product named "iStartup 2.0", to cater to the banking needs of startups and entrepreneurs. The programme for startups that takes care of their banking as well as beyond-banking needs such as regulatory assistance, analytics, staffing, accounting, customer acquisition and digital outreach to customers, among others. | |
| 868. |
Jane Fraser has recently been appointed as the first female CEO of which bank? |
| Answer» Jane Fraser will become the first woman to lead a major financial institution in the United States when she takes the reins at Citigroup, the country's third-largest bank. Ms. Fraser, who has been at Citi for 16 years and runs its biggest global division, the consumer bank catering to individual customers, will succeed Michael Corbat as chief executive. | |
| 869. |
Which bank appointed Takeo Konishi as Country Director for India? |
| Answer» The Asian Development Bank (ADB) on Monday said it has appointed Takeo Konishi as its new Country Director for India. Konishi succeeds Kenichi Yokoyama who has taken over as Director General of ADB's South Asia Department and will be based at ADB headquarter in Manila, ADB said in a release. | |
| 870. |
ICICI lombard announced bancassurance tie-up with which Bank? |
| Answer» ICICI Lombard General Insurance said on Monday it has entered into a bancassurance tie-up with Yes Bank to make insurance more accessible to customers across 28 states and 8 union territories. Sanjeev Mantri, Executive Director of ICICI Lombard, said the company's continuous endeavour is to reach out to consumers and businesses for providing them effective risk management solutions. | |
| 871. |
Which Bank projected India's GDP at -9% in FY21? |
| Answer» The Asian Development Bank (ADB) has estimated that the GDP of India is expected to contract by 9% in fiscal 2020-21 (FY21). This estimate is worse than ADB's previous estimate of -4%. | |
| 872. |
SBI General Insurance inks corporate agency agreement with which Bank? |
| Answer» SBI General Insurance and YES Bank have signed a corporate agency agreement. Under the corporate agency agreement, the YES Bank will distribute the general insurer's retail products to its customers. The products of SBI General Insurance Company will be offered to YES BANK's customers across 28 states and 8 Union Territories. | |
| 873. |
In September 2020, National Bank for Agriculture and Rural Development (NABARD) gave in-principle sanction worth how much amount of proposals received from agri-credit societies in 22 states? |
| Answer» The National Bank for Agriculture and Rural Development (NABARD) has given in-principle sanction for Rs 1,568 crore worth of proposals received from agri-credit societies in 22 states under the recently launched Rs 1 lakh crore Agri Infrastructure Fund. | |
| 874. |
Mastercard (MA) rolls out premium Debit Card with which bank? |
| Answer» Mastercard Incorporated MA and SBM Bank India have collaborated to launch SBM World Debit Card, a premium and exclusive card. This card will be custom-built and offered to SBM Private Wealth customers on request. The SBM World Debit Card will club niche banking solutions and carefully curated lifestyle privileges including some of the finest shopping and dining opportunities. | |
| 875. |
With which bank Titan launch India's first contactless payment watch? |
| Answer» The State Bank of India (SBI), India's largest public sector lender, and Titan Company have partnered to launch contactless payment services through watches, called Titan Pay. | |
| 876. |
Who issued draft on rupee IR derivatives? |
| Answer» The Reserve Bank on Tuesday proposed allowing foreign portfolio investors (FPIs) to undertake exchange-traded rupee interest rate derivatives transactions subject to an overall ceiling of INR 5,000 crore. Interest Rate Derivatives (IRDs) are contracts whose value is derived from one or more interest rates, prices of interest rate instruments, or interest rate indices. | |
| 877. |
Which bank unveiled hassle-free, online SME loans? |
| Answer» Driven by its constant focus on building seamless, intuitive and hassle-free banking solutions for customers, DBS Bank India today unveiled its online credit solutions platform - DBS Digital Business Loans for SMEs. This segment-flagship platform from DBS improves the ease of accessing business credit for the entire spectrum of micro, small and medium-sized enterprises, offering credit up to INR 20Cr. | |
| 878. |
Which bank set up new vertical "Emerging Entrepreneurs Business"? |
| Answer» Bandhan Bank has set up a new vertical called "Emerging Entrepreneurs Business (EEB)". The new vertical has been launched to support the emerging needs of the unbanked and underbanked segment of customers. The vertical will focus on supporting this segment of customers in their journey to becoming entrepreneurs. In addition to micro loans, the vertical will also manage micro home loan, micro bazaar loan and micro enterprise loan. | |
| 879. |
Which bank introduced i-Lead 2.0 to boost customer services? |
| Answer» Public sector lender Canara Bank has launched lead management system (LMS) - i-Lead 2.0 (Inspiring Leads System version 2.0). The system has been launched to provide its services to customers irrespective of where they reside. | |
| 880. |
Which bank launched new gold loan scheme? |
| Answer» The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB) has launched a special gold loan scheme -- Vikas Laghu Suvarna -- with a reduced interest rate of 7.25 per cent. Quoting P Gopi Krishna, Chairman of the bank, a press release said on Friday that the bank has reduced the rate of interest to provide easy and affordable credit to needy customers at a cheaper cost considering the pandemic situation in the country. | |
| 881. |
Recently, Google Pay has partnered with which bank's card? |
| Answer» SBI Cards announced collaboration with Google to enable customers to use their cards on Google Pay platforms. | |
| 882. |
HDFC Life entered into partnership with which Bank to sell insurance policies? |
| Answer» HDFC Life on Tuesday said it has entered into a partnership with YES Bank to sell policies to the bank's customers. HDFC Life and YES Bank Limited entered into a corporate agency (CA) arrangement, it said in a release. | |
| 883. |
Who approves acquisition of 100% equity shares of Medlife by API Holdings? |
| Answer» The Competition Commission of India (CCI) has approved the acquisition of 100% equity shares of Medlife International Private Limited ("Medlife") by API Holdings Private Limited ("API Holdings"). It also approved the acquisition of up to 19.59% equity share capital of API Holdings by Medlife's shareholders under Section 31(1) of the Competition Act, 2002. | |
| 884. |
Which bank has appointed AK Das as new administrator of PMC Bank? |
| Answer» The Reserve Bank of India (RBI) has appointed AK Das (ex-general manager at Union Bank of India), as the new administrator of the Punjab and Maharashtra Co-operative (PMC) Bank. He has replaced JB Bhoria who has stepped down from his role as the administrator of the bank due to health reasons. In September 2019, the RBI had superseded the board of PMC bank due to fraud and financial irregularities in the PMC bank. | |
| 885. |
Which is the first bank to launch "SafePay" contactless debit card facility? |
| Answer» IDFC First Bank will launch "SafePay" a contactless debit card-based payment facility. This payment facility will allow contactless debit card payments by simply waving one's smartphone against a Near Field Communication (NFC)-enabled POS terminal. | |
| 886. |
Which bank publishesd "'Technology Vision for Cyber Security' for UCBs? |
| Answer» The Reserve Bank of India (RBI) will implement the "Technology Vision for Cyber Security' for Urban Co-operative Banks (2020-2023) to enhance the IT security system of Urban Co-operative banking to prevent, detect, respond to and recover from cyber-attacks. | |
| 887. |
How much loan amount did the Asian Development Bank (ADB) approved for urban sector projects in Rajasthan and Madhya Pradesh? |
| Answer» The Manila-headquartered Asian Development Bank (ADB) said it has approved two loans totalling $570 million (about Rs 4,200 crore) for urban sector projects in Rajasthan and Madhya Pradesh. The $300 million loan has been approved to finance inclusive water supply and sanitation infrastructure and services in secondary towns of Rajasthan. It has approved a $270 million loan for construction of water supply and integrated storm water and sewage management infrastructure in Madhya Pradesh. | |
| 888. |
Which bank has imposed monetary penalty on DCB Bank for rule violations? |
| Answer» The Reserve Bank of India (RBI) imposed monetary penalty on DCB Bank and Jio Payments Bank for various rule violations. The central bank has imposed a penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions on marketing/distribution of mutual fund/insurance etc. The penalty has been imposed in exercise of powers vested in RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949. | |
| 889. |
Which bank partnered with Bayer's Better Life Farming initiative in India? |
| Answer» Axis Bank, India's third largest private sector bank has joined Bayer's Better Life Farming initiative in India to provide enhanced and holistic financial solutions to smallholder farmers and rural farming communities. Through the partnership, Axis Bank will offer a wide range of end-to-end financial solutions and services like affordably priced loans, deposits, withdrawals, payments etc. Digital financial solutions and doorstep delivery of these services will be an integral part of the Bank's offering to ensure convenient and hassle-free transactions. These solutions will be offered through Bayer's Better Life Farming centers which are owned and operated either by a Farmer Producer Organization (FPO), Federation, agri-graduate or a local farmer/entrepreneur. | |
| 890. |
Which bank launched co-branded contactless credit card on RuPay Platform? |
| Answer» Expanding its portfolio on the RuPay network, SBI Card in collaboration with Indian Railway Catering and Tourism Corporation, on Tuesday launched the IRCTC SBI Card. | |
| 891. |
Which organisation will launch "Positive Pay System" for Cheque Truncation System? |
| Answer» The Reserve Bank of India has announced that it will launch "Positive Pay System" for Cheque Truncation System from 01st January, 2021. The "Positive Pay System" will be developed by the National Payments Corporation of India (NPCI) and make it available to participant banks. Banks will be required to enable the system for all account holders issuing cheques for amounts of Rs 50,000 and above. While availing of this facility is at the discretion of the account holder, banks may consider making it mandatory in case of cheques for amounts of Rs 5,00,000 and above. | |
| 892. |
Which bank launched India's first warehouse commodity finance app? |
| Answer» In a first of its kind in the country, HDFC Bank launched a Warehouse Commodity Finance App which will enable customers in drawing down and managing the loan against pledge of commodities online without physical intervention or multiple visits to a Bank branch. | |
| 893. |
BSE joined hands with which bank to empower SMEs? |
| Answer» The BSE has signed an MoU with YES BANK to empower the SME segment through awareness and knowledge-sharing programmes by the two entities. BSE and YES BANK will conduct knowledge events for SMEs, export promotion of SME scale companies, in addition to providing banking and financial solutions. This MoU shall further entail services pertaining to development and imparting industry-specific and related knowledge-based information, while the bank will also offer customised services and products to the listed SME members of the platform and advisory solutions to EXIM potential listed SMEs. | |
| 894. |
CRIF India partners with whom to introduce sector-based insight reports called 'Industry Spotlight'? |
| Answer» CRIF High Mark, a leading Indian credit bureau owned by CRIF has partnered with Small Industries Development Bank of India (SIDBI), the nation's apex financial institution for Micro, Small and Medium Enterprises (MSMEs), for the launch of sector-based insight reports called 'Industry Spotlight'. It will be a series of quarterly reports providing data and trends on key industry sectors in each edition. The first edition of the report will present a deep-dive analysis into the Indian drugs & pharmaceutical industry. The MSME sector plays a critical role in the economic growth of our nation. In India, more than 6 crore MSMEs contribute around 29.7% of the GDP and employ more than 11 crore persons. It is a vibrant sector and holds the promise of taking the GDP growth of the nation to the next level. Given the global trade tensions and the slowdown in demand affecting the large corporates, it becomes critical for policymakers to frame policies based on real-time data tracking. | |
| 895. |
Which bank becomes 1st bank to enable document embedding feature on SFMS? |
| Answer» Industrial Development Bank of India (IDBI) become the first to implement the new feature of document embedding facility with Letter of Credit (LC) / Bank Guarantee (BG) messages over SFMS (Structured Financial Messaging System) platform of Indian Financial Technology and Allied Services (IFTAS). The process would be conducted via a middleware application "i@Connect-SFMS (CSFMS) developed by IDBI Intech. | |
| 896. |
Which company launch cyber insurance cover? |
| Answer» E-commerce marketplace, Flipkart and Bajaj Allianz General Insurance have launched a cyber insurance cover for online financial frauds. The product, 'Digital Suraksha Group Insurance', will help customers who want to cover themselves against financial losses caused as a result of cyber attacks, cyber frauds, or other such malicious activities across various online platforms. | |
| 897. |
With whom Amex join hands to leverage scale, differentiated offerings for premium customers? |
| Answer» Amex is a clear market leader and they have a very good understanding of the customers," Tewari noted. The premium segment credit card users of SBI Card can enjoy American Express' valuable network benefits through local and global network offers, access to Elite tier membership, complimentary domestic lounge program, access to VIP upgrades and privileges at hotels, restaurants and retail outlets around the world, SBI Card said in a release. | |
| 898. |
Which bank launched Green-Tech Initiative "IB-eNote"? |
| Answer» Indian Bank has launched a green initiative named "IB-eNote" to enable a total paperless working environment. This tool enables processing and tracking of notes put up by various offices digitally. The bank for this initiative has customised SharePoint, one of the features of Microsoft Office. The Bank also launched 'Ind Guru', an e-learning platform for its employees. | |
| 899. |
How many banks were excluded from second schedule of the RBI Act, 1934 in September 2020? |
| Answer» Reserve bank of India (RBI) excluded six public sector banks (PSBs) from the Second Schedule of the RBI Act,1934 following their merger with other Banks with effect from April 01,2020. The six banks are Syndicate Bank, Oriental Bank of Commerce (OBC), United Bank of India, Andhra bank, Corporation bank and Allahabad bank. OBC and United Bank of India merged into Punjab National Bank, Syndicate Bank into Canara bank, Andhra bank and corporation bank into union bank of India, and Allahabad bank into Indian bank. | |
| 900. |
Which bank has signed MoU with Hindustan Unilever Limited (HUL) to provide digital payment solution and financing solution? |
| Answer» State Bank of India (SBI) and Hindustan Unilever signed a Memorandum of Understanding (MoU) to provide Digital Payment Solution and Financing solution to HUL's retailers and distributors. The Partnership will accelerate the adoption of digital payment among small scale entrepreneurs and retailers in all parts of the country. It will be available initially in Mumbai and Bengaluru. | |