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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.
| 151. |
This company inks a bancassurance agreement with YES Bank. |
| Answer» Reliance General Insurance, a subsidiary of Reliance Capital, inks a bancassurance agreement with YES Bank. his is the first partnership signed by YES Bank since the open-architecture norms under the corporate agency regulations were introduced by the IRDAI in April 2016. | |
| 152. |
This bank signed an MoU with Innovation Centre Denmark India for Fintech Collaboration. |
| Answer» Private sector lender Yes Bank signed an MoU with Innovation Centre Denmark India (ICDK India), a partnership between the Ministry of Foreign Affairs of Denmark and the Danish Ministry of Higher Education and Science to bring fintech innovations and startups from Denmark to India, and facilitate entry of Indian startups to the region. The partnership aims to build bridges to promote innovation and assist fintech companies in India and Denmark to expand into each other's markets. | |
| 153. |
This bank opens its First all women branch in Chennai recently. |
| Answer» RBL Bank opens its First all women branch in Chennai. The branch at R A Puram would be managed by eight women and offer all products and services across liability and assets. The women branch is to encourage gender equality.RBL Bank currently serves 3.54 million customers. It has 246 branches and 389 ATM services across the country. | |
| 154. |
This bank launches an instant international payment services using RippleNet. |
| Answer» Axis Bank has launched an instant international payment services using RippleNet (Ripple's enterprise blockchain technology solution). RippleNet is referred to as world's only enterprise blockchain solution for global payments. It connects banks, payment providers, digital asset exchanges and corporates for enabling seamless experience to send money globally. This facility is currently available for Axis Bank's retail customers in India to receive payments from the UAE-based Rak Bank. | |
| 155. |
This bank launched Pattabhi Sitaramayya - Self Business Group (PS-SBG) scheme to encourage entrepreneurship? |
| Answer» Andhra Bank has launched a new scheme "Pattabhi Sitaramayya - Self Business Group (PS-SBG)" on November 21, 2017 to encourage entrepreneurship. The scheme was launched to commemorate the 138th birth anniversary of its founder Bhogaraju Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage programme in the country. Under the scheme, maximum financial assistance will be Rs. 25 lakh without collateral security. The Self Help Groups (SHGs), which have had five years of association with Andhra Bank, will be eligible for the scheme. The SHGs should also have completed three credit rotations with good repayment record to be considered eligible. The bank aims to encourage SHGs to Self Business Group model by helping these collectives take up substantial economic activity. | |
| 156. |
Which bank become the first Canadian bank to be added to the Financial Stability Board's (FSB's) list of global systemically important banks? |
| Answer» Royal Bank of Canada (RBC) has become the first Canadian bank to be added to the Financial Stability Board's (FSB's) list of global systemically important banks (G-SIB) deemed 'too big to fail'. On being added in this list, Royal Bank of Canada will now have to set aside larger capital buffers and will be subjected to more stringent supervision and compliance. | |
| 157. |
This bank and Mumbai Police Launch new Campaign #MuhPeTaala. |
| Answer» Axis Bank in association with Mumbai Police has launched its latest campaign #MuhPeTaala to promote safe banking. The aim of this campaign is to raise awareness about how to keep oneself safe from falling prey to fraudulent calls asking information such as pin code, CVV, OTP etc. | |
| 158. |
Which bank launches YONO, an Integrated app for Financial Services? |
| Answer» State Bank of India, the country's largest public sector bank, has launched a unified integrated app called YONO (You Need Only One) that would offer all kinds of financial and lifestyle products. YONO will also allow customers to meet their lifestyle needs across 14 categories including booking and renting cabs, entertainment, dining experience, travel and stay, medical needs. | |
| 159. |
This bank launches "Smart Banking 247 e-Lobbies" for their customers. |
| Answer» Kotak Mahindra Bank "Smart Banking 24x7" e-Lobbies gives customers the freedom to complete banking transactions at any hour of the day as per their convenience. It offers 24x7 access to a range of banking services such as cash withdrawals, cash deposits, and cheque deposits. These e-lobbies have been structured to give an easy and non-intrusive banking experience. | |
| 160. |
Which private sector bank has recently launched ripple-powered instant payment service for retail and corporate customers? |
| Answer» Private sector lender Axis Bank has recently launched instant international payment services using Ripple's enterprise blockchain technology solution for retail and corporate customers. The bank has launched a service for its retail customers in India to receive payments from RAKBANK in UAE and for its corporate customers in India to receive payments from Standard Chartered Bank in Singapore. Ripple makes international remittances faster and transparent for customers while ensuring security and improving efficiencies. The transactions reach their destination account in minutes, with the certainty of settlement, and with end-to-end visibility over the journey of the payment. | |
| 161. |
This bank launched digital Supply Chain Finance to accelerate working capital loan opportunities for the small and medium enterprises. |
| Answer» Bank of Baroda launched digital Supply Chain Finance solution which aims to accelerate working capital loan opportunities for the small and medium enterprises and large corporate clients. The new product provides a range of supply chain finance products which covers pre- and post-shipment products like dealer and vendor finance. It has been designed to ensure faster approvals, smoother transaction processing and availability of finance to the Small and Medium Enterprises. | |
| 162. |
This bank ties up with BCG for transformation initiatives. |
| Answer» Karnataka Bank Ltd has partnered with the Boston Consulting Group (India) Pvt Ltd for its transformation initiatives and the transformation project 'KBL Vikaas' was launched in Mangaluru on 29th November 2017. It has identified seven major intervention areas for this project. They are: growth aspiration and strategies to achieve growth; rationalisation of service outlets, including digital channels; human resource management structure and strategy; stakeholders' value enhancement initiatives; efficiency enhancement strategy; corporate branding and repositioning; and partnering and collaborating with Fintech companies, startups etc. | |
| 163. |
Arun Jaitley launches this bank recently. |
| Answer» A new Payments Bank 'Paytm Payments Bank' was formally launched at the hands of the Union Finance Minister Arun Jaitley. Currently, India has four Payments Bank including Paytm Payments Bank. The other three operational ones are Airtel Payments Bank, India Post Payments Bank and Fino Payments Bank. A payments bank is a differentiated bank. A customer can open a savings bank account in them and have deposits of up to Rs. 1 lakh. These banks cannot, however, lend money to their customers. | |
| 164. |
This bank launched the RuPay Credit Cards recently. |
| Answer» Corporation Bank launched its RuPay Select and RuPay Platinum credit cards. Corporation Bank's RuPay credit cards are accepted at all RuPay-enabled 1.5 million plus PoS terminals and 80,000 plus e-commerce merchants in India and all ICS Partner acceptance points (POS, e-commerce merchants) globally. Jai Kumar Garg, Managing Director and Chief Executive Officer of Corporation Bank, unveiled the cards in Mangaluru. | |
| 165. |
Which payments bank Unveils Paytm FASTag Across India? |
| Answer» Paytm Payments Bank rolled out Paytm FASTag to enable electronic toll fee collection on highways across the country, in line with the government's move to make FASTag mandatory on every new vehicle sold from December 1. The Paytm FASTag - which is a simple and reusable tag based on radio-frequency identification technology (RFID) that can be placed on a vehicle's windscreen - will allow commuters to pass through 380 toll plazas across India covering 55,000 km without having to stop. | |
| 166. |
This bank has approved a fund for Reliance Bangladesh Liquefied Natural Gas (LNG). |
| Answer» The Asian Development Bank (ADB) has approved debt financing and partial risk guarantee of $583 million to develop Reliance Power's 750MW LNG based combined cycle power plant and LNG terminal project in Bangladesh. ADB's financing package includes loans and partial risk guarantees for the power generation facility, as well as for the LNG terminal. The total project cost is approximately $1 billion. | |
| 167. |
Which bank released Fifth Bi-monthly Monetary Policy Statement? |
| Answer» On the basis of an assessment of the current and evolving macroeconomic situation at its meeting, the Monetary Policy Committee (MPC) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.0 percent. Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75 percent, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25 percent. The projection of real GVA growth for 2017-18 of the October resolution at 6.7per cent has been retained, with risks evenly balanced. In the previous meeting in October, the RBI had maintained status quo on rates. | |
| 168. |
For which bank, the government engaged to enable cashless payments on e-NAM? |
| Answer» The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM).The target is to connect 585 mandis with e-NAM by March 2018. At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards and net banking.ICICI Bank will enable BHIM (Bharat Interface for Money) and Unified Payments Interface (UPI) on the e-NAM portal for making cashless payments. | |
| 169. |
Which bank reduces debit card transactions at merchant outlets to promote cashless transactions? |
| Answer» To boost Digitisation, the Reserve Bank of India (RBI) has taken a crucial step revising merchant discount rates (MDR) charges on Merchants. Now even small businesses will start accepting payments from your Debit card through Scan and Pay. DR is the rate charged to a merchant by a bank for providing debit and credit card services. As per the new rules, merchants with revenue of less than Rs 20 lakh, the MDR would be 0.4% for Rs 200 and 0.9% for Rs 1,000. These charges will come into effect from 1 January 2018. For accepting payments via QR (quick response) code based transactions, the charge will be 0.30 percent subject to a cap of Rs 200 per transaction. | |
| 170. |
Which bank Securities Gets NCDEX Membership recently? |
| Answer» Axis Securities, a subsidiary of Axis Bank become the first-ever broking arm of a bank to take membership of a commodity exchange by registering itself with NCDEX. In September, Reserve Bank of India allowed banks wishing to undertake commodities derivatives clearing to set up a separate subsidiary for the purpose and adhere to the membership norms laid by market regulator Securities Exchange Board of India. | |
| 171. |
Which bank has approved a loan of USD 346 million to fund highway upgradation project in Karnataka? |
| Answer» An international financial organisation, Asian Development Bank (ADB) has announced that it has approved a loan of USD 346 million to fund highway upgradation project in Karanataka. Funds procured through this loan will be deployed to improve 419 km of state highways by upgrading it to two and four-lane highways. It will also include construction of planned pedestrian, installation of women-friendly amenities, marked crossings and proper signage. | |
| 172. |
Which bank changed its names and IFSC code for its branches? |
| Answer» State Bank of India has changed names and IFSC codes of nearly 1,300 of its branches. The country's largest lender has changed the names and IFSC codes of branches located in major cities such as Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, Kolkata and Lucknow, among others. | |
| 173. |
This bank partners Pantomath Advisory for MSME sector. |
| Answer» Yes Bank has collaborated with advisory services firm, Pantomath Advisory to develop a Micro Small and Medium Enterprises (MSME) ecosystem focused on Maharashtra and Gujarat. Yes Bank is following 'Alliances, Relationships & Technology (ART)' approach to digital banking and is thereby entering into partnership with financial technology (Fintech) firms to offer unique financial solutions to its customers. This collaboration with Pantomath Advisory is also a part of this approach and aims to enable better access to capital, knowledge and skills for helping MSMEs to scale up their businesses. | |
| 174. |
Which bank may invest $300 mn in dog-sitting app Wag? |
| Answer» Japanese conglomerate SoftBank is in talks to invest $300 million in the US-based dog-sitting app Wag, according to reports. This comes months after the startup was slammed for allegedly losing customers pets under its care. Founded in 2014, Wag gives on-demand access to dog handlers, who can be hired by the users for dog walking and dog sitting. | |
| 175. |
For which bank Union Government Ropes to Enable Cashless Payments on e-NAM? |
| Answer» The government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with the national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants are doing payments through traditional ways via bank branches, debit cards, and net banking. ICICI Bank will enable BHIM (Bharat Interface for Money) and Unified Payments Interface (UPI) on the e-NAM portal for making cashless payments. | |
| 176. |
The World Bank will provide __________ to India for the STRIVE project for skill development. |
| Answer» The World Bank committed $125 million (around Rs800 crore) loan to India for the STRIVE project for skill development. The main objective of the operation (Skills Strengthening for Industrial Value Enhancement) is to improve access to quality and market-driven vocational training as well as apprenticeships. The financing agreement was signed between the World Bank and the Finance Ministry. | |
| 177. |
Which small finance bank Joins Hands with Sahaj e-Village? |
| Answer» AU Small Finance Bank announced signing an MoU with Sahaj e-Village for extending its banking service in remote areas through Business Correspondent Agent (BC) model. With this MoU, AU Bank will be able to further foster its mission of financial inclusion and greater customer outreach. As per the agreement, the BCs will act as an intermediary between the Bank and the customers in the interior locations where the Bank does not have a presence. | |
| 178. |
Recently, European Investment Bank and ___________ announcing a co-finance programme of $400-million for renewable power generation in India. |
| Answer» YES Bank and the European Investment Bank (EIB) have released a joint statement announcing a co-finance programme of $400-million for renewable power generation in India. Under this programme, both the entities will co-finance a range of renewable energy projects being built and operated by leading Indian companies and private sector developers. Yes bank will fund $200 million while another $200 million will be supported by EIB. | |
| 179. |
Which bank got placed under the Prompt Corrective Action Framework recently by Reserve bank of India? |
| Answer» he Reserve Bank of India placed Bank of India under the Prompt Corrective Action Framework, consequent to the onsite inspection under the Risk-Based Supervision Model carried out for the year ended March 2017. This is the first time that the central bank has invoked PCA for a large bank of the size of BoI. | |
| 180. |
This company acquires HDFC's digital, realty units in all stock deal. |
| Answer» Housing Development Financial Corporation (HDFC) has sold its realty brokerage business 'HDFC Realty' and its digital real estate business 'HDFC Red' (owned by HDFC Developers) to online advertisements platform Quikr. Combined value of both these businesses of HDFC is being estimated to be about Rs 357 crore. In return, HDFC will get 3.5% stake in Quikr. In past couple of years, Quikr has been on an acquisition spree in the real estate business. In 2015, it bought real estate platform CommonFloor for about $120 million. | |
| 181. |
This company has been awarded a USD 2.25-billion outsourcing contract from UK-based Nielsen Holdings PLC. |
| Answer» Indian information technology firm, Tata Consultancy Services (TCS) has been awarded a USD 2.25-billion outsourcing contract from UK-based Nielsen Holdings PLC. Nielsen is a multinational information & measurement company which provides market research, trends and insights about what people watch, listen and buy. Under this contract, Nielsen will purchase services relating to IT, Business Process Outsourcing (BPO), client service knowledge process outsourcing (KPO), management sciences, analytics and financial planning from TCS. | |
| 182. |
With which bank Bharat Petroleum Launched rewarding fuel co-branded credit card in the country? |
| Answer» SBI Card, the credit card issuer and Bharat Petroleum, the leading petroleum company in India announced the launch of the BPCL SBI Card - the most rewarding fuel co-branded credit card in the country. The BPCL SBI Card will offer up to 70 litres of free fuel per year to cardholders. The Cardholders can earn rewards and save on fuel at 14000 Bharat Petroleum fuel stations across the country, making the BPCL SBI Card the only fuel co-brand card with such an extensive reach. It has been launched on the Visa platform. | |
| 183. |
With which company, Axis Bank tie-up to offer 'Bill Payments'? |
| Answer» Smartphone manufacturer Samsung launched its 'Bill Payments' on its flagship payments service, Samsung Pay in partnership with Axis Bank. The new feature launched by the company will enable users to pay their utility bills seamlessly via Samsung Pay. Currently, users can pay their mobile, landline phone, electricity, gas, water and DTH bills using 'Bill Payments' on Samsung Pay. Bill Payments' is another 'Make for India' innovation that we believe will greatly benefit the consumers. | |
| 184. |
With which banks Agri service solutions provider Sohan Lal Commodity Management for Post Harvest Credit? |
| Answer» Agri service solutions provider Sohan Lal Commodity Management (SLCM) and Myanmar ties up with HDFC Bank and IndusInd Bank to provide collateral management services. This tie-up will not only help improve the farmers' access to post-harvest credits at affordable interest rates, it will also provide easy access to scientific storage facilities leading to a fair price discovery of their products in the market. SLCM will also leverage its proprietary (patent pending) technology 'Agri Reach'. | |
| 185. |
With which bank POORTI Agri Services sighned an MoU to enable the farmers to purchase agricultural inputs? |
| Answer» Bank of Baroda entered into MoU with POORTI Agri Services Pvt. Ltd to enable the farmers to purchase agricultural inputs such as fertilizers, pesticides, seeds etc. provided by POORTI. This is a Platform for Online Ordering & Rural Transformation of India known as "POORTI". Poorti is a well-established company providing multi-party mobile commerce platform for easy ordering of fertilizers, pesticides, seeds by farmers with loans given by banks. | |
| 186. |
Which bank got Board Approval to Raise Rs 8,000 crore to Comply Basel III? |
| Answer» According to the country's largest lender, SBI, its board approved raising Rs 8,000 crore through various sources, including masala bonds, to meet Basel III capital norms. Masala bonds are rupee denominated specialized debt instruments that can be floated in overseas markets only to raise capital. Banks in India have to comply with the global capital norms under Basel III by March 2019, three months later than the internationally agreed time frame by January 2019. | |
| 187. |
Which bank Nod to Start India's 1st Foreign-Owned ARC? |
| Answer» US buyout giant KKR & Company become the first foreign investor to fully own an asset reconstruction company (ARC) in India as it received approval from the Reserve Bank of India. KKR, one of the most aggressive investors in financial services, plans to deploy a major chunk from its record Asia fund for buying troubled assets in the country, multiple sources with direct knowledge of the matter. | |
| 188. |
With which bank National e-Governance Services Limited (NeSL) signed an agreement for utilizing its Information Utility Services envisaged under the Insolvency and Bankruptcy Code, 2016? |
| Answer» Allahabad Bank entered into an agreement with National e-Governance Services Limited (NeSL) for utilizing its Information Utility Services envisaged under the Insolvency and Bankruptcy Code, 2016. State-owned NeSL is the first Information Utility entity registered by Insolvency and bankruptcy Board of India under IBBI (IU) Regulations, 2017. Information utility is an information network which procures and stores financial data like borrowings, default and security interests of various entities. Information stored by Information Utility Services can be accessed by concerned parties during insolvency resolution process under National Company Law Tribunal (NCLT). | |
| 189. |
Which Bank announced a partnership with Abu Dhabi-based LuLu Exchange to leverage blockchain technology for cross-border remittances? |
| Answer» Federal Bank announced a partnership with Abu Dhabi-based LuLu Exchange to leverage blockchain technology for cross-border remittances. In collaboration with Digiledge, a Bengaluru based fintech start-up, Federal Bank and Lulu Exchange have launched and successfully tested the service using blockchain technology. Blockchain technology helps organisations share data in a more trusted, distributed and extensively automated way and is thus rapidly transforming the financial and commercial world. By collaborating with multiple exchange houses abroad, Federal Bank has managed to hold a major share in the inward remittances market of India. | |
| 190. |
With which bank Rajasthan Government tie up to promote and nurture startups in the state? |
| Answer» HDFC Bank announced a partnership with Rajasthan Government to promote and nurture startups in the state. Under this partnership, HDFC Bank will team up with the state government to provide end-to-end solutions like current accounts, credit cards and other solutions to startups under its SmartUp programme. | |
| 191. |
SBI, Nabard ties up to promote JLG in __________. |
| Answer» State Bank of India and Nabard have signed an agreement with five NGOs in Bengal for the promotion of 2,500 joint liability groups (JLGs). JLGs are informal groups of 4-10 members engaged in similar economic activities and willing to jointly undertake the responsibility to repay loans taken by the group from a bank. Nabard has fixed a target of credit linking 80,000 JLGs in West Bengal in 2017-18. It has sanctioned assistance for the promotion of 60,000 JLGs by various NGOs in the State through 339 projects in different districts. | |
| 192. |
Which Bank Introduces Desktop ATMs in Rural India in AP? |
| Answer» The Andhra Pradesh Grameena Vikas Bank (APGVB) operationalized its first desktop ATM in Telangana. The mini-ATM within the branch premises will facilitate customers to withdraw small amounts. At the same time, regular bank account holders can withdraw money and do other banking activities. With these ATMs, there will be no need for separate ATM rooms, so there is no security issue. This initiative is the biggest under the SBI and among the best regional rural banks (RRBs). | |
| 193. |
Yes Bank and this private company has tied up to provide Aadhaar- enabled cardless and pinless ATM service for the customers. |
| Answer» Nearby Technologies Private Limited has tied up with Yes Bank to provide Aadhaar- enabled cardless and pinless ATM service through which, customers can deposit or withdraw money at retailers' place. A retailer can now become an Aadhaar ATM/Aadhaar Bank branch for cash withdrawals and deposits by a customer by using PayNEARBY mobile application on a smart phone. Nearby Technologies Private Limited is a FinTech start-up, founded by a team of professionals from Banking and Payments industry. Yes Bank and Nearby have collaborated with the National Payments Corporation of India (NPCI) to launch PayNEARBY. | |
| 194. |
The Reserve Bank of India introduces Rs __________ banknotes. |
| Answer» The Reserve Bank of India will shortly issue Rs10 denomination banknotes in the Mahatma Gandhi (New) Series. The new denomination has the motif of Sun Temple, Konark on the reverse. The base color of the note is Chocolate Brown. The dimension of the banknote will be 63 mm x 123 mm. | |
| 195. |
The Reserve Bank of India (RBI) has initiated PCA against this bank over its high bad loans recently. |
| Answer» The Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against public sector lender Allahabad Bank, owing to its high net Non-Performing Assets (NPAs) and negative Return on Assets (RoA) for two consecutive years. The action would contribute to the overall improvement in risk management, asset quality, profitability, efficiency of the bank. The RBI has initiated similar action against other public sector banks, including IDBI Bank, Indian Overseas Bank and UCO Bank. The RBI in April 2017 had issued a new set of enabling provisions under the revised PCA framework with a clause that if the bank does not show improvement then it could be either be merged or taken over by other bank. | |
| 196. |
Paytm Payments Bank partnered with this bank for FD Facility. |
| Answer» Paytm Payments Bank partnered Induslnd Bank to introduce a facility to create a fixed deposit (FD) when the customer balance exceeds Rs. 1 lakh at the end of the day. Paytm Payments Bank customers can redeem their deposits instantly, anytime without paying any pre-closure or miscellaneous charges and can earn up to 6.85 percent annual interest. | |
| 197. |
Which bank ties with Ola for Integrated Offers? |
| Answer» Ola, the taxi hailing app has tied up with ICICI Bank to provide a range of integrated offers, including micro-credit to their customers and digital payment facilities to driver partners respectively. ICICI Bank customers can now book and pay for Ola on the bank's mobile app and wallet itself and they can use the credit for 3-4 rides and then repay later. ICICI Bank customers will get the dual benefit of booking a cab and making payments directly through their 'iMobile' and 'Pockets' application. | |
| 198. |
How many percentage World Bank Projects Indias Growth Rate? |
| Answer» World Bank projected India's growth rate at 7.3 percent in 2018 and 7.5 for the next two years. According to the 2018 Global Economics Prospect release, despite initial setbacks from demonetization and Goods and Services Tax (GST), India's economy is estimated to have grown at 6.7 percent in 2017. India's growth potential will be around 7 percent for the next 10 years. In comparison with China, which is slowing, the World Bank is expecting India to gradually accelerate. | |
| 199. |
This bank has tied up with National Scheduled Castes Finance and Development Corporation(NSFDC) to provide financial assistance for economic empowerment. |
| Answer» Punjab National Bank (PNB) has tied up with National Scheduled Castes Finance and Development Corporation(NSFDC). The agreement is to provide financial assistance for economic empowerment of persons belonging to Scheduled Caste (SC) families living below Double Poverty Line (DPL). They will be setting up self-employment projects and skill-training grants to unemployed SC persons living below Double the Poverty Line. Under this tie-up, PNB would also act as a channelising agent for the loan schemes of NSFDC. | |
| 200. |
With which bank Capital First agree to merge in Share Swap Deal? |
| Answer» DFC Bank and Capital First approved a merger of Capital First with IDFC Bank. Pursuant to the merger which is subject to regulatory and shareholder approvals, IDFC Bank will issue 139 shares for every 10 shares of Capital First. The deal values Capital First - owned more than a third by private equity firm Warburg Pincus - at Rs. 938.25 a share based on the two companies' price and giving the company a market value of Rs. 9,278 crore ($1.46 billion), Reuters calculations showed. | |