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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.
| 201. |
This bank partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. |
| Answer» Federal Bank entered into a strategic partnership with Hedge Equities Ltd for providing Portfolio Investment Scheme (PIS) services to NRIs. A formal agreement was executed in which Jose K Mathew (EVP & Head Retail Business, Federal Bank) and Alex Babu (MD, Hedge Equities Ltd) exchanged the MoU announcing the tie-up. Federal Bank is authorized by the RBI to issue permission letter to NRIs on behalf of the RBI to transact in the secondary market. | |
| 202. |
This bans funds from buying cryptocurrencies. |
| Answer» Brazil's securities regulator prohibited local investment funds from buying cryptocurrencies. The prohibition has been imposed, citing the reason that Cryptocurrencies cannot be considered financial assets. Owing to this decision, Brazilian funds cannot directly invest in cryptocurrencies such as Bitcoin. However, funds considering to indirect investment in cryptocurrencies by acquiring a stake in foreign funds have been advised to await further clarification from the regulator. | |
| 203. |
This bank becomes 1st Indian Bank to Cross Rs5 trillion Market Capitalisation. |
| Answer» India's most-valued lender HDFC Bank Limited crossed Rs5 trillion capitalization action for the first time, making it only the third Indian company to achieve this milestone. In intraday trade, the stock touched a fresh record high of Rs1,53.75 on the BSE, up 3.31% from its previous close. Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL) are the other two companies which crossed market capitalisation of Rs5 trillion. | |
| 204. |
Which bank ties up with Amplus Energy Solutions? |
| Answer» Amplus Energy Solutions announced entering into a pact with private sector lender Yes Bank for a strategic tie-up to co-finance projects in the solar energy space in India. The memorandum of understanding (MoU) was signed at International Solar Alliance pavilion at the World Future Energy Summit, Abu Dhabi. | |
| 205. |
How many banks have suspended some accounts of major Bitcoin exchanges in India on suspicious transactions recently? |
| Answer» The top banks of the country including State Bank of India (SBI), HDFC Bank, Axis Bank, ICICI Bank and YES Bank have suspended some accounts of major Bitcoin exchanges in India on suspicious transactions. The legal action has been initiated against top ten cryptocurrency exchanges in the country, including - Zebpay, Unocoin, CoinSecure and BtcxIndia. The total estimated revenue of these exchanges in India stands at Rs 400 billion. | |
| 206. |
World Bank signs USD 300m loan for __________ quake reconstruction. |
| Answer» World Bank approved USD 300 million loan to Nepal for undertaking reconstruction work post April 2015 earthquake. In April 2015, a 7.8-magnitude earthquake struck Nepal which destroyed more than half a million homes and killed nearly 9000 people. Since then, only 10% homes have been rebuilt. Nepal is currently facing USD 1.2 billion shortfall in reconstruction funds. USD 300 million loan from World Bank will partially help to fill this gap. This loan also includes USD 80 million for a livestock project and another USD 60 million for vocational training. | |
| 207. |
National Housing Bank and this bank ties up for the Rural Housing Interest Subsidy Scheme (RHISS) of the Ministry of Rural Development. |
| Answer» Indian Overseas Bank has signed an MoU with National Housing Bank for the Rural Housing Interest Subsidy Scheme (RHISS) of the Ministry of Rural Development. The agreement was signed by R Subramaniakumar, MD and CEO of Indian Overseas Bank, and Sriram Kalyanaraman, MD and CEO of the National Housing Bank. The aim of the RHISS is to provide subsidy for housing loans taken by those living in rural areas for construction and modifications of their dwelling units. | |
| 208. |
How many public sector banks did Union Government To Infuse Over Rs88 Thousand Crore? |
| Answer» The Union Government announced 88,139 crore rupees capital infusion in 20 public sector banks, PSBs, during the current fiscal ending 31st March to boost lending and revive growth. IDBI Bank will get the most- Rs10,610 crore followed by State Bank of India 8,800 crore rupees. The 20 banks that will receive the capital infusion during this phase include Bank of India, UCO Bank, and Punjab National Bank. In October last year, the government had announced over two lakh crore rupees bank recapitalization plan spread over spread over two financial years 2017-18 and 2018-19. | |
| 209. |
World Bank commits $100 million to boost this state's rural economy. |
| Answer» Indian Government and World Bank signed a $100 million loan agreement to promote rural economy in across 26 districts of Tamil Nadu (TN). Tamil Nadu Rural Transformation Project envisages creation of an enabling environment for producer organizations and enterprises to promote businesses in select value chains. | |
| 210. |
This bank launches its fourth edition of Evolve recently. |
| Answer» Private sector Axis Bank launched the fourth edition of 'Evolve' in Coimbatore, Tamil Nadu. It is an annual multi-city knowledge series for Bank's small and medium-sized enterprises (SME) customers. The current edition of 'evolve' is titled as "Transform your Family Business into your dream company". It will empower the SMEs to understand the winning strategies and best practices that have helped some of the leading family businesses in India grow into the reputable enterprise. This edition will span across 30 cities. | |
| 211. |
This bank has initiated a pilot scheme of credit cards for farmers recently. |
| Answer» State Bank of India (SBI) has initiated a pilot scheme of credit cards for farmers. SBI credit cards for farmers will extend credit facility to farmers for 40 days just like regular credit card. However the major difference as compared to regular credit cards is that the interest rates on farmers' credit card would be much lower. SBI has launched this facility on a pilot basis in three States - Rajasthan, Gujarat and Madhya Pradesh. SBI Chairman Rajnish Kumar has stated that it will roll out this facility on national level on basis of response received and experience gathered during the pilot phase. | |
| 212. |
For which agreement IWAI Signs Project Agreement with World Bank? |
| Answer» Inland Waterways Authority of India (IWAI) signed a project agreement with the World Bank for Jal Marg Vikas Project on river Ganga. The World Bank entered into a USD 375 million loan agreement with the Department of Economic Affairs, Union Ministry of Finance for Jal Marg Vikas Project (JMVP). Jal Marg Vikas Project, which is expected to be completed by March 2023, is being implemented with the financial and technical support of the World Bank. | |
| 213. |
This bank launched a musical logo MOGO recently. |
| Answer» IndusInd Bank launched its new Sonic Identity - MOGO, a musical logo, as a part of branding initiatives taken by the bank. The Sonic Identity has been introduced by IndusInd Bank to build its brand image through music and sound for brand experiences and audience connection. MOGO is a short, 4 note piece of 2-3 seconds. Surrounding this there is a longer (90 second piece) called the MOGOSCAPE. The sonic identity will be used in ATMs, net banking, mobile apps, TV, radio, social media etc. It has also introduced games and contests to attract users. It has also created a microsite to highlight the importance of sonic identity. | |
| 214. |
The government has directed the banks to only accept online applications for ___________. |
| Answer» The government has directed the banks to only accept online applications for education loans in a bid to make the loan disbursement process transparent and efficient. The banks have also been asked to not consider any application received in physical form. The move also aims to tackle the delay in sanctioning of the education loans. Vidya Lakshmi is the IT-based Student Financial Aid Authority to administer and monitor scholarships as well as education loan schemes. | |
| 215. |
Which bank has signed an agreement for information utility with National e-Governance Services? |
| Answer» PNB has signed an agreement for information utility with National e-Governance Services. It will enable storing of financial information that will help substantiate defaults & verify claims expeditiously. This will in turn facilitate resolution in National Company Law Tribunal in a time bound manner. The objective of the agreement is to augment the information infrastructure in India. | |
| 216. |
The country's largest lender SBI write off bad loans worth how much crore in 2016-17? |
| Answer» The country's largest lender SBI write off bad loans worth Rs 20,339 crore in 2016-17. It is the highest among all the public sector banks, which had a collective write off of Rs 81,683 crore for the fiscal. Besides SBI, Punjab National Bank had a write-off of Rs 9,205 crore in 2016-17, followed by Bank of India (Rs 7,346 crore), Canara Bank (Rs 5,545 crore). | |
| 217. |
This bank ban use of debit/credit cards to buy bitcoins. |
| Answer» Citi Bank, India has issued an email notification to its customers stating that credit and debit cards cannot be used to purchase cryptocurrencies. In the email notification, Citi Bank India has cited global and local concerns (including from the Reserve Bank of India) about dealing in cryptocurrencies (including Bitcoin) and has cautioned its customers that such transactions involves potential economic, financial, operational, legal, customer protection and security related risks. Earlier, in January 2017, RBI had warned banks about cryptocurrencies and had directed them to step up scrutiny of financial transactions by companies and exchanges involved in the trade of Bitcoins and other cryptocurrencies. Cryptocurrencies including Bitcoin are decentralised digital currencies which are not backed by any Sovereign Government, Central Bank or monetary authority. | |
| 218. |
Which small finance institute rolls out "selfeSavings" digital savings account recently? |
| Answer» Equitas Small Finance Bank has rolled out 'selfeSavings', an interactive digital savings account. This account can be opened with the web-based interactive video form hosted on Equitas's website by using Aadhaar number, PAN and other basic details. It allows customers to set up a mobile banking PIN, through which they can start using their account instantly. 'selfeSavings' account comes with a virtual Visa debit card that can be used to shop online. This account also allows customers to make online money transfers for free. | |
| 219. |
Which bank lists $600 million MTN bond on India INX? |
| Answer» Yes Bank announced the listing of US $600 million bond issue under its maiden US $1 billion medium-term note (MTN) programme on IndiaINX. Medium Term Note (MTN) is a debt note that usually matures or has a payback period of 5 years. Yes Bank's debut MTN bonds received an overwhelming response from international investors as it was oversubscribed by more than 1.83 times from over 90 accounts. Yes Bank had established a Medium Term Note (MTN) programme in December 2017 to raise USD 1 billion post approval from its board's Capital Raising Committee. BSE's IndiaINX is India's first international exchange located at the International Financial Services Centre (IFSC) at GIFT City in Gandhinagar, Gujarat. | |
| 220. |
Which bank launches global customer service centre in Kochi? |
| Answer» State Bank of India has launched its Global NRI Centre (GNC) in Kochi, a one-stop customer service point for all NRI banking-related activities. Through its GNC, SBI aims to centralise operations which are currently spread across 16 circles, 92 NRI branches in 66 different locations and several NRI-intensive branches. SBI has a strong NRI customer base of over 33 lakh as on January 31. | |
| 221. |
This banks plans to open offshore banking branch at GIFT City. |
| Answer» Axis Bank has announced opening of off-shore banking unit at the International Financial Services Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat. It was inaugurated by Union Commerce Secretary, Rita Teaotia in presence of Shikha Sharma, MD & CEO, Axis Bank. Through this offshore banking branch, Axis Bank will be able to offer more products to its clients including trading in foreign currency in overseas markets, raising funds in foreign currency and deposits & borrowings from non-residential sources. In context of this news, it is important to note that State Bank of India (SBI), ICICI Bank, IDBI Bank, Kotak Mahindra Bank, YES Bank, Federal Bank and IndusInd Bank already have their International Business Units (IBUs) at IFSC. | |
| 222. |
Which bank IFC Tie Up To Raise $800 Mn For Affordable Housing? |
| Answer» PNB Housing Finance Ltd has tied up with International Finance Corporation (IFC), part of the World Bank Group, to raise $800 million for green and affordable housing in India. As per the deal with PNB Housing, IFC will make $400 million available for the new facility, of which $150 million will be its own money and the rest will be mobilized from other sources. All of this money will be raised through masala bonds issued by PNB Housing. The move comes as a big boost to Prime Minister Narendra Modi's housing for all scheme by 2022. Under PMAY, the government offers interest subsidy of 6.5% to economically weaker sections on their home loans. The scheme is for people with an annual income up to Rs3 lakh. | |
| 223. |
Which committee has been constituted by the Reserve Bank of India (RBI) to look into bank frauds? |
| Answer» The Reserve Bank of India (RBI) has constituted a new 5-member expert Committee under the chairmanship of Y H Malegam, a former member of the Central Board of Directors of RBI, to look into the reasons for wide divergence by banks in asset classification and provisioning by banks and measures to prevent frauds. The committee will also look into the issue of huge non-performing asset divergences - between what banks classify and what is detected in RBI inspection - and recommend steps to address the issue. The other members of the committee are Bharat Doshi, S. Raman and Nandkumar Saravade. A.K. Misra, Executive Director of RBI, will be the Member-Secretary of the committee. | |
| 224. |
The National Housing Bank (NHB) has approved the merger of Capital First with which Bank? |
| Answer» Capital First announced that regulator National Housing Bank (NHB) has approved its merger with IDFC Bank. IDFC Bank - Capital First Merger was announced in January 2018. As per the terms of the merger deal, IDFC Bank will issue 139 shares for every 10 shares of Capital First. Capital Home Finance and Capital First Securities Limited, the subsidiaries of Capital First are also a part of the merger deal. Post merger, IDFC Bank-Capital First combined entity will have Asset Under Management (AUM) of Rs 88000 crore. | |
| 225. |
First sale of electoral bonds via SBI to begin from which month of 2018? |
| Answer» Union Finance Ministry announced that the first sale of electoral bonds will start from March 1, 2018 for a period of 10 days at select branches of State Bank of India (SBI). The bonds will be available in multiples of Rs.1000, Rs. 10000, Rs. 10 lakh, Rs. 1 crore. These bonds would be valid for 15 days from the date of issue. Electoral Bonds can be purchased from four main branches of State Bank of India in Chennai, Kolkata, Mumbai and New Delhi, starting from March 1, 2018 for a period of 10 days. | |
| 226. |
Which bank has launched Ombudsman Scheme for non-banking financial companies (NBFCs)? |
| Answer» The Reserve Bank of India has launched Ombudsman Scheme for non-banking financial companies (NBFCs) for redressal of complaints against them. The scheme will provide a cost-free and expeditious complaint redressal mechanism relating to deficiency in the services by NBFCs covered under the scheme. The scheme will cover all deposit-taking NBFCs, and based on the experience gained. The offices of the NBFC ombudsmen will function at four metro centers - New Delhi, Mumbai, Kolkata, and Chennai. | |
| 227. |
Which bank Hikes Lending Rate To 8.15% recently? |
| Answer» The State Bank of India raised its lending rates by 20 basis points to 8(point)15 percent, with immediate effect, setting the tone for the industry to follow suit. This is likely to make home and car loans costlier. This is the first lending revision by the bank since April 2016 and comes a day after it massively raised the retail and bulk deposit rates. | |
| 228. |
Which bank plans set for a major restructuring of its business in UK? |
| Answer» SBI is set for a major restructuring of its business in UK from April. SBI's UK operations will transform into a subsidiary named State Bank of India UK Limited from April 1. It means that all retail branches of SBI in UK will fall under a new UK-incorporated banking entity instead of their previous status as overseas branches of the Indian entity. SBI operates 7 branches in London. | |
| 229. |
IndusInd Bank and ____________ tie-up for cross border remittances. |
| Answer» IndusInd Bank has announced its partnership with Ripple, the blockchain solution provider to facilitate cross border remittances into and out of India. Through this tie-up, IndusInd Bank will leverage Ripple platform based on blockchain technology for global payments as it lowers both costs and transfer time for customers. IndusInd Bank will use the platform for settling payment of its retail remitters, recipients as well as institutional partners across the world. In context of this news, it is important to note that for 2017, inward remittances in India stood at $65 billion. | |
| 230. |
The Reserve Bank of India (RBI) has raised currency derivative trade limit to __________ amount for residents and foreign portfolio investors? |
| Answer» The Reserve Bank of India (RBI) has raised exposure limit under Exchange Traded Currency Derivatives (ETCD) trading for residents and foreign portfolio investors (FPIs) to $100 million across all currency pairs involving the Indian rupee. The RBI's decision to raise the limit will help entities engaged in forex transactions to maintain their currency risks in a better manner. The ETCD is a financial instrument that trades on a regulated exchange, and whose value is based on the value of another asset. These are derivatives that are traded in a regulated fashion. These derivatives can be used to hedge exposure or speculate on a wide range of financial assets like commodities, equities, currencies, and even interest rates. Earlier, the RBI had imposed a limit of $15 million for USD-INR and $5 million for other currency pairs of Indian rupee with Euro, Japanese Yen and British Pound. | |
| 231. |
This bank has ties up with Celebrus Capital for online trading services, recently. |
| Answer» Catholic Syrian Bank Ltd (CSB) has partnered with Celebrus Capital Ltd (Celebrus), to offer online equity trading and demat services to its customers. As per the terms of the tie-up, CSB's customers will be able to open a Celebrus trading account free of cost. Besides, customers opening trading accounts will enjoy preferred rates on brokerage charges and Annual Maintenance Charges (AMC) on the demat account. The customers will be able to execute their trades through Celebrus' mobile trading and investment platform - LEAP, which has been created in association with Thomson Reuters. | |
| 232. |
Punjab National Bank and this bank increases MCLR rates for loan borrowers. |
| Answer» The Punjab National Bank (PNB) and ICICI Bank hiked the MCLR rates for loan borrowers. Taking a cue from SBI, country's second-largest private sector lender ICICI Bank also raised the one-year MCLR from 8.2% to 8.3%. The PNB, which is at the center of Nirav Modi fraud also increased one-year MCLR to 8.3% from 8.15%. | |
| 233. |
Happay and this bank join hands to help firms manage T&E expenses. |
| Answer» HDFC Bank and Happay, a business expense management solution provider, have entered in to a collaboration to introduce a new prepaid card-linked Travel and Entertainment (T&E) expense management solution which will help Indian firms to efficiently manage their business travel expenditure. Through Happay-HDFC Bank prepaid cards and Happay mobile app, employees of the companies will be able to seek trip advances, get trip itineraries pre-approved by management, do trip bookings and even file trip expenses digitally. This solution will be equally useful from Company's management, as it will help to manage employee cards online - from loading and withdrawing funds from cards, activating and deactivating cards, setting card limits and view travel spend analytics. This solution holds special significance in context of a report published by Forrester Research (an American market research company) which highlighted that Indian business travel is on the rise and T&E expense still remains the second most difficult operating expense to control in an organisation. | |
| 234. |
Which bank launches home loans linked to Treasury bills? |
| Answer» Citibank introduced a new variable interest rate mortgage product that will be linked to the 90-day Treasury bills and will change every quarter. | |
| 235. |
For which bank, RBI fines Rs. 2 crore for non-compliance with Know Your Customer (KYC) norms? |
| Answer» Reserve Bank of India imposed a penalty of Rs. 3 crore on Axis Bank for non-compliance of Income Recognition and Asset Classification (IRAC) norms and a penalty of Rs. 2 crore on Indian Overseas Bank for non-compliance with Know Your Customer (KYC) norms. In the case of IOB, RBI detected a fraud in one of IOB's branches, which was traced to non-compliance with KYC norms. The penalty was imposed after evaluating banks' reply and oral submissions in context of above matters. | |
| 236. |
Which country become the 69th member of the European Bank for Reconstruction and Development (EBRD)? |
| Answer» India is all set to become the 69th member of the European Bank for Reconstruction and Development (EBRD) after shareholders of the international financial institution gave their nod to the country's candidature. The formal membership process will now get underway, which includes the purchase of shares by India at an estimated cost of around 1 million euros. The EBRD's Board of Governors, which represents all the existing shareholders of the UK-based bank, voted in favor of India's membership application. | |
| 237. |
For which bank RBI imposes Rs. 40 lakh penalty for not complying with its directions on detection and impounding of counterfeit notes? |
| Answer» The Reserve Bank has slapped a penalty of Rs 40 lakh on SBI (State Bank of India) for not complying with its directions on detection and impounding of counterfeit notes. The Reserve Bank of India (RBI) has imposed, on March 01, 2018, a monetary penalty of Rs 4 million on State Bank of India for non-compliance with the directions issued by RBI on Detection and Impounding of Counterfeit Notes. | |
| 238. |
Name the bank which increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points recently. |
| Answer» Bank of Baroda increased its Marginal Cost-Based Lending Rate (MCLR) by 5 basis points. This would come into effect from June 7,2018. Other banks that have recently raised their MCLR rates are : SBI by 10 basis points, Punjab National Bank by 5-10 basis points, Union Bank, ICICI Bank, Kotak Mahindra Bank. | |
| 239. |
This bank launches online service to send money globally recently. |
| Answer» DCB Bank has launched "DCB Remit", a remittance service to enable customers to send money online globally. Using DCB Remit, any resident Indian can register online and send money to 20 countries such as the US, Canada, Australia, the UK, the UAE and Germany. Once the exchange rate of money is fixed, customer can transfer money from any account to DCB Bank account. This in turn can be transferred to the beneficiary account present in another country on or within the next business day. DCB Remit has been introduced in collaboration with Avenues Payments. Avenues Payments specialises in providing cross border payments. | |
| 240. |
Recently, Which bank reduces Charges On Non-Maintenance of Minimum Balance? |
| Answer» The country's largest lender, SBI State Bank of India slashed charges for non-maintenance of Average Monthly Balance (AMB) in savings accounts by nearly 75 percent. The revised charges will be effective from April 01, 2018 and will benefit over 25 crore customers. The charges for non-maintenance of AMB for customers in Metro and Urban centers have been reduced from a maximum of Rs 50 per month to Rs 15 per month. Similarly, for Semi-Urban and Rural centers, the charges have been reduced from Rs 40 every month to Rs 12 and Rs 10 GST charges will be applicable over and above the rates specified above. | |
| 241. |
Which bank has launched instant overdraft "InstaOD" facility for MSME (Micro, Small and Medium Enterprises) customers? |
| Answer» ICICI Bank has launched instant overdraft ?InstaODi facility for MSME (Micro, Small and Medium Enterprises) customers in a completely online and paperless manner. Customers can get overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the bankis Internet and mobile banking app. The new facility will enable a few lakh of pre-qualified current account customers of the bank to instantly avail of the facility without visiting a branch and submitting physical documents. ICICI Bank will also offer the facility for instant online sanction of the overdraft facility to MSME customers of other banks shortly. | |
| 242. |
This Bank launched humanoid IRA 2.0 in Bengaluru recently. |
| Answer» HDFC Bank has announced the launch of IRA 2.0, its interactive humanoid in Bengaluru. IRA will interact with customers, answer bank-related queries, frequently asked questions, and guide them inside the branch with voice-based navigation. HDFC Bank also launched its virtual assistant 'EVA' on Amazon Alexa and Google Assistant. The first version of IRA is currently stationed in Kochi. | |
| 243. |
This bank partners with Celebrus Capital Ltd and Fortune Wealth Management Co India Pvt. Ltd. for providing Portfolio Investment Scheme (PIS) services to Non-resident Indians (NRIs). |
| Answer» Federal Bank announced that it has entered into a strategic partnership with two new broking partners, Celebrus Capital Ltd and Fortune Wealth Management Co India Pvt. Ltd. for providing Portfolio Investment Scheme (PIS) services to Non-resident Indians (NRIs). Reserve Bank of India's Portfolio Investment Scheme enables NRIs to purchase and sell shares and convertible debentures of Indian companies on a recognized stock exchange through their NRI Savings Account with a designated bank branch. Including the above stated entities, Federal Bank has partnered with total nine broking companies, for providing NRI clients, the facility to invest in shares and debentures of Indian companies in the secondary market. These strategic tie-ups are in line with Federal Bank's objective to double the PIS business in terms of a number of accounts and total volume. | |
| 244. |
Which multinational bank allows customers to check certain banking information through Facebook Messenger? |
| Answer» Citigroup has rolled out a service that allows customers to check certain banking information through Facebook Messenger, the American banking giant revealed to CNBC. The service, a conversational computer program - or chatbot - is available to Citi's consumer banking clients in Singapore beginning Thursday. A spokeswoman said the bank plans to roll out the service in Hong Kong and Australia later this year before moving onto other markets in which Citi operates. | |
| 245. |
Which bank projects India's FY19 GDP growth at 7.3 pc? |
| Answer» As per World Bank's biannual publication, India Development Update: India's Growth Story, India's Gross Domestic Product (GDP) growth for next financial year i.e. FY 2018-19 is projected at 7.3 per cent. World Bank has outlined that Indian economy is likely to recover from the impact of demonetisation in November 2016 and roll out of Goods and Services Tax (GST) July 2017 and will accelerate further to 7.5 per cent in 2019-20. | |
| 246. |
Karnataka Bank opened its first all-woman branch at __________. |
| Answer» Karnataka Bank opened its first all-woman branch at Bull Temple Road in Bengaluru. This is the 36th branch opened by the Bank during the current financial year 2017-18 and the 800th branch of the bank. Karnataka Bank is a major Private Sector Banking institution headquarted at Mangaluru in Karnataka. | |
| 247. |
Which bank has launched a robotics-based 'Digital export Import' payments solution? |
| Answer» Yes Bank has launched a robotics-based 'Digital export Import' payments solution as a part of its Yes Transact Smart Trade product suite. It aims to bring over 1 lakh trade transactions going entirely digital, across major geographies including China, US. The product uses robotics process automation & helps in eliminating the requirement of documents submission for import & export payments. | |
| 248. |
Which bank has won the Banco Award for best performing cooperative bank? |
| Answer» Bhuj Mercantile Cooperative Bank has won the Banco Award for best performing cooperative bank. Bhuj Mercantile Cooperative Bank received the Banco Award from Telangana Chief Minister K Chandrashekhar Rao at an award ceremony held recently in Hyderabad. Bhuj Mercantile Cooperative Bank was selected as the best performing cooperative bank from 1500 cooperative banks in India. Also, Bhuj Mercantile Cooperative Bank ranked in the top in Gujarat for hi-tech technology upgradation. It ranks third in the category at National level. Banco Award is presented every year to the top performing cooperative banks to recognise and encourage best practices in the cooperative banking sector. The banks for Banco Award were selected based on the bank's audited accounts for past 3 years, deposit growth, non-performing assets (NPA), net profit, customer service standards, ratings provided by RBI, staff training, Core Banking Solution (CBS), use of latest technology, e-com and ATM facilities. | |
| 249. |
Which Bank announced that it has on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance? |
| Answer» India's largest private sector bank, ICICI Bank announced that it has on-boarded over 250 corporates on its blockchain platform for domestic and international trade finance. In August 2016, ICICI Bank became the first bank in India to successfully undertake pilot transactions on its blockchain platform for international trade finance. Since then, more than 250 Indian corporate, including the leading ones are now undertaking domestic/international trade finance transactions on this platform. ICICI Bank's blockchain platform digitises the paper-intensive international trade finance process as an electronic, distributed and unalterable ledger, which is accessible to all the participating entities including banks. This is not just more time and cost efficient but also a secure way of undertaking domestic and international trade transactions. | |
| 250. |
Recently, Which banks signs MoU With IMGC to offer mortgage guarantee scheme for the customers? |
| Answer» India's largest lender State Bank of India SBI and India Mortgage Guarantee Corporation (IMGC) signed a pact to offer mortgage guarantee scheme for prospective non-salaried and self-employed home loan customers. The offering will help increase home loan eligibility up to 15% within the regulatory norms. The MoU between SBI and IMGC is a strategic initiative which will enable to improve housing loan volumes in the non-salaried segment. | |