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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.
| 251. |
Recently, Which bank launched new products like pre-approved credit card and UPI solution to mark its 124th foundation day? |
| Answer» Punjab National Bank (PNB) launched new products like pre-approved credit card and UPI solution to mark its 124th foundation day. PNB also announced its UPI partnership with WALNUT, an expense management app, that has features like bill reminders, bill-split and instant paperless loans. PNB conducted blood donation camps in 200 blood donation centres in 76 circle offices covering more than 6,500 branches in all states and union territories. The camp was inaugurated at PNB head office in New Delhi by Sunil Mehta, MD and CEO of PNB. | |
| 252. |
Which bank introduced Erica, a chatbot to help customers check balances, remind about bills and answer bank-related questions? |
| Answer» Bank of America has started rolling out Erica, its chatbot that can help customers check balances, remind about bills and answer bank-related questions. Erica has been rolled out to customers in Rhode Island. Bank of America had first introduced Erica at fintech and payments conference Money 2020 in October 2016. Testing of Erica was conducted during 2017. Customers of Bank of America will be able to interact with Erica via voice or text and it will help them with routine day to day banking transactions. | |
| 253. |
Which bank launches GST Backed Over Draft Facility for MSMEs? |
| Answer» Yes Bank announced the launch of 'Yes GST', an OD (over draft) facility for Micro, Small and Medium Enterprises (MSMEs). Through this, an MSME can avail OD up to Rs 1 crore, based on their annual turnover, backed by GST returns. Any additional assessment of balance sheet or bank statements will not be required. This OD facility can be availed by an MSME against mortgage of residential or commercial property. The sanctioned amount can be utilized by the MSME either fully or in tranches. | |
| 254. |
Which bank Launches Products To Mark Foundation Day recently? |
| Answer» Punjab National Bank (PNB) launched new products such as pre-approved credit card and UPI solution to mark its 124th foundation day. Besides, the bank announced its UPI partnership with the expense management app WALNUT that comes embedded with features such as bill reminders, bill-split, and instant paperless loans. | |
| 255. |
With which bank Swiggy patners and Launches UPI-Based Digital Payment Service? |
| Answer» Online food ordering and delivery platform, Swiggy and India's largest private bank, ICICI Bank have partnered to roll out two innovative digital solutions to facilitate a convenient and hassle-free way for delivery partners to transfer funds to Swiggy. The first one is a Unified Payment Interface (UPI) based solution which enables instant fund transfers on-the-go while the other is a facility for depositing cash at automated Cash Deposit Machines (CDM) available at ICICI Bank branches and ATMs across India. Swiggy has integrated the UPI solution with ICICI Bank, which offers a secure and scalable mode to enable collection of funds from its delivery partners. Under this arrangement, Swiggy's delivery partners will have their own UPI handle, to which they can link their savings bank account and start transacting by using any UPI-enabled app like ICICI Bank 'Pockets', 'Google Tez', 'BHIM',etc. | |
| 256. |
Recently, this bank gets approval for amalgamation of its fully-owned subsidiary All Bank Finance Ltd. (ABFL) with itself. |
| Answer» Allahabad Bank stated that it has received approval from Union Ministry of Corporate Affairs for amalgamation of its fully-owned subsidiary All Bank Finance Ltd. (ABFL) with itself. Bank's board had approved the proposed amalgamation in December 2016. All Bank Finance offers fee-based services like debenture trusteeship, distribution of mutual fund schemes, investment advisory and portfolio management and security valuation. For financial year 2016-17, ABFL's total income stood at Rs 13.30 crore, while the net profit was Rs 6.76 crore. | |
| 257. |
SBI has to set how many digital branches "sbiINTOUCH" across the country? |
| Answer» SBI has set up 60 digital branches, called 'sbiINTOUCH', across the country. SBI has set up these branches in partnership with Dimension Data, a global technology integrator and managed services provider. The digital branches aim to help SBI expand its reach with increasing profitability. It will offer services like instant loan approvals, assistance in choosing investment portfolios. | |
| 258. |
This bank signs MoU with Government e-Marketplace recently. |
| Answer» HDFC Bank signed a memorandum of understanding (MoU) with the Government e-Marketplace (GeM) under which, it will facilitate a host of transaction/banking related services for the portal. GeM is an online marketplace for central and state government ministries/ departments, central or state public sector undertakings, autonomous institutions and local bodies for procurement of common use goods/services. GeM brings in transparency and efficiency in the entire public procurement process. About 20 states have already signed a MoU with GeM. Role of HDFC Bank would be to ensure timely payment to the sellers. | |
| 259. |
Jio and this online music service has signed an agreement to create a digital media platform. |
| Answer» Reliance Jio Director Akash Ambani, has signed an agreement for merging the digital music service Saavn with JioMusic to create a digital media platform with global reach. The total value of the deal will be over $1 billion. As part of the deal, additionally, Reliance will be acquiring a partial stake from the existing shareholders of Saavn for $104 million | |
| 260. |
This bank launched a Metro Plus Card for the customers with Delhi Metro. |
| Answer» Delhi Metro, in association with IndusInd Bank, launched a dual purpose Metro Plus' debit card that will enable customers of IndusInd bank to use it for metro train rides as well as for all other regular debit card transactions. The Metro Plus Card, developed by IndusInd bank, has an embedded Delhi Metro Transit chip along with the secured Debit Card Chip. The card can be topped-up via IndusInd Bank ATMs, IndusMobile app, net banking and SMS. The card users can also get their smart cards auto topped up at Delhi Metro's (Automatic Fare Collection) AFC Gates. | |
| 261. |
This banks commits to invest Rs 80 billion in Nepal's 900 MW hydro-electric project. |
| Answer» India's leading Public Sector Undertaking (PSU) bank State Bank of India (SBI) is all set to invest a sum of Rs 80 billion in Nepal's Arun-III hydropower project. The move will aid the Nepal-based firm to produce 900 megawatts (MW) electricity. According to news agency ANI, The SJVN, which has been awarded the construction of the mega power project of Nepal, has made an informal agreement with the SBI to acquire the investment as loan and soon will make the formal agreement.The Director Committee Meeting of the bank is due to make the recommendation. They soon will decide over. As of now, they have decided over the loan extend and the interest rate over it has been finalized. The 1.4 trillion rupees over the project will be expended for the construction of the structures and additional 11 billion rupees for the transmission lines. With the completion of the project, Nepal will get 21.9 percent of the total electricity produced in a year i.e., 197 MW electricity with 86 crore unit for free in a year. | |
| 262. |
The Reserve Bank of India (RBI) has decided to use ____ instead of Gross Value Added (GVA) to measure economic activity in India. |
| Answer» The Reserve Bank of India (RBI) has decided to use Gross Domestic Product (GDP) instead of Gross Value Added (GVA) to measure economic activity in India. Viral Acharya, deputy governor of RBI said that, this change has been done to confirm with international practice and for ease of comparison. Worldwide, the performance of economies is measured in terms of GDP. Multilateral institutions, international analysts and investors also follow this approach. GVA gives the picture of the state of economic activity from the producers' side or the supply side. GDP provides the picture from the consumers' side or the demand side. The Central Statistical Office has been employing GDP as the main tool to measure economic activity since January 2015. | |
| 263. |
Name the bank that has launched a new 'Yellow Army Savings Account' to increase its customer base through its association with Chennai Super Kings. |
| Answer» Equitas Small Finance Bank has launched a new 'Yellow Army Savings Account' to increase its customer base through its association with Chennai Super Kings. The yellow army savings account will offer an interest rate of 6% per annum for balance below ₹10 lakh and 6.5% per annum for balance above ₹10 lakh. Equitas will be the principal sponsor of CSK and the banking partner of CSK for 3 years. | |
| 264. |
Government of India, Government of Maharashtra and the ____ Bank signed a US$ 420 million project to benefit Small and Marginal farmers in the Marathwada and Vidarbha regions of Maharashtra? |
| Answer» Government of India, Government of Maharashtra and the World Bank signed a US$ 420 million project to benefit Small and Marginal farmers in the Marathwada and Vidarbha regions of Maharashtra. This project will help to increase climate resilient practices in agriculture and to make farming a profitable activity. This project will benefit more than 7 million people over an area of 3.0 million ha. It will cover 5,142 villages in the 15 most climate vulnerable districts of the region. The $420 million loan provided by the International Bank for Reconstruction and Development (IBRD) has a grace period of 6 years. Its maturity period is 24 years. The Agreements for the Maharashtra Project for Climate Resilient Agriculture were signed by Sameer Kumar Khare, Joint Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Indian government. Bijay Kumar, Additional Chief Secretary, Agriculture Department signed on behalf of Maharashtra government. Junaid Ahmad, Country Director, World Bank, India, signed on behalf of the World Bank. This project will be implemented in rural areas that are mainly dependent on rain-fed agriculture. | |
| 265. |
Which bank has announced a collaboration with Samsung Electronics to enable its MasterCard and Visa credit card customers to use 'Samsung Pay'? |
| Answer» IndusInd Bank announced a collaboration with Samsung Electronics to enable its MasterCard and Visa credit card customers to use 'Samsung Pay'. The Samsung Pay allows customers to simply tap and 'pay on the go' using their registered IndusInd Bank credit cards. The platform works with patented Magnetic Secure Transmission (MST) technology as well as Near Field Communication (NFC). | |
| 266. |
Which bank Extends $500 Million Loan Facility To 15-Nation Group In Africa? |
| Answer» The Export-Import Bank, Exim Bank announced that it will provide a USD 500 million credit facility to Economic Community of West African States (ECOWAS) to fund various development projects in western-south Africa. According to the Bank, with the signing of line of credit (LoC) agreement, the Bank till date has extended four LoCs to the Bank for Investment and Development (EBID) of West African States, taking the total value of LOCs to USD 1,000 million. The LoC of USD 500 million is an umbrella limit for financing developmental projects in 15-member countries. | |
| 267. |
Which bank enables Non-Resident Indians (NRIs) to send money to a beneficiary in India using social media platforms like WhatsApp and e-mail? |
| Answer» ICICI Bank launched a service which enables Non-Resident Indians (NRIs) to send money to a beneficiary in India using social media platforms like WhatsApp and e-mail. This first-of-its-kind service known as 'Social Pay' is available on Money2India (M2I), the bank's app for remittances. 'Social Pay' embraces the medium as a way to simplify money transfers, adding to customer convenience. | |
| 268. |
The First Bi-Monthly Monetary Policy Statement was released by; |
| 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%. Consequently, the Reverse Repo Rate (RRR) under the LAF remains at 5.75%, and the Marginal Standing Facility (MSF) rate and the Bank Rate at 6.25%. India's real gross domestic product (GDP) growth marginally upward to 6.6% from 6.5% in the first advance estimates. GDP growth in 2017-18 at 6.6 percent was lower than 7.1% in 2016-17. Retail inflation, measured by the year-on-year change in the CPI, fell from a high of 5.1% in January to 4.4% in February due to a decline in inflation in food and fuel. CPI inflation excluding food and fuel remained unchanged at 5.2% for the third consecutive month in February, after rising from its trough in June 2017. | |
| 269. |
Reserve Bank of India Imposes Rs 58.9 Cr Penalty for this bank recently. |
| Answer» The Reserve Bank of India ( RBI) imposed a monetary penalty of Rs. 58.9 crore on ICICI Bank Limited for non-compliance with the directions issued by the RBI on direct sale of securities from its Held To Maturity (HTM) portfolio and specified disclosure in this regard. The Central Bank stated this penalty has been imposed in the exercise of powers vested with the RBI under the provisions of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to its directions/guidelines. | |
| 270. |
Which bank in India will facilitate to set up 'WomenInTech (WIT) Forum that will work towards encouraging women to take up careers in science, technology, engineering and math (STEM)? |
| Answer» Royal Bank of Scotland (RBS) in India will facilitate to set up 'WomenInTech (WIT) Forum that will work towards encouraging women to take up careers in science, technology, engineering and math (STEM). WIT Forum will not only work towards creating awareness among young women about career opportunities in STEM but will also provide scholarships for economically weaker section. It will also provide mentoring and upskilling to increase the employability of women in STEM careers. Professional consultancy network Deloitte is the knowledge partner for this initiative. In the context of this news, it is important to note that nearly 2.5-3 million new jobs will be created in the IT and IT enabled services sector by 2025. | |
| 271. |
Indian Army and this banks signs Mou on the Defence Salary Package. |
| Answer» Indian Army and HDFC Bank signed a Memorandum of Understanding (MoU) on the Defence Salary Package. The first MoU between HDFC Bank and the Indian Army for Defence Salary Package was signed in 2011 and was renewed in March 2015. The current MoU is tailor made to suit the requirements of serving soldiers, pensioners and families. As per the terms of the current MoU, in addition to other benefits, the Army personnel having accounts in HDFC Bank will get free personal accident death cover and free permanent disability cover of Rs 30 lakhs, free educational cover of upto Rs 1 Lakh per year for four years for education of dependent child in case of accidental death of defence personnel and 100% processing fees waived for Car Loans and Personal Loans. | |
| 272. |
This bank reduced the base rate by 45 bps recently. |
| Answer» Allahabad Bank announced that, it has reduced the base rate and benchmark prime lending rate (BPLR) by 45 basis points each. The Asset Liability Management Committee (ALCO) of Allahabad bank decided to decrease base rate and BPLR (benchmark prime lending rate) by 45 basis points. Allahabad Bank has reduced base rate to 9.15 per cent from 9.60 per cent. BPLR has been reduced to 13.40 per cent from 13.85 per cent. These revised rates will be effective from 2nd April 2018. This move will reduce EMIs for its borrowers. | |
| 273. |
Which bank launched country's first artificial intelligence-powered voice-bot? |
| Answer» Kotak Mahindra Bank has launched the country's first artificial intelligence-powered voice-bot 'Keya' in the banking sector. Keya uses automatic speech recognition, natural language understanding and text-to-speech technology. The voice-bot uses natural language understanding to navigate the customer directly to the destination where he can get his issue resolved. | |
| 274. |
Recently, This bank has changed the methodology used by debt market players for their valuation. |
| Answer» To prevent the possibility of manipulation in the prices of securities, especially government securities, the RBI has changed the methodology used by debt market players for their valuation. Security/bond valuation will be based on the weighted average price of the last half-an-hour of trading. The methodology as to how the bonds are valued is crucial for mark-to-market purposes. | |
| 275. |
This bank signs $930-million deal to produce and sell solar equipment in India. |
| Answer» SoftBank signed a $930-million deal with China's energy conglomerate Golden Concord (GCL) to produce and sell solar equipment in India. GCL will invest for a 40% stake in the joint venture, with SoftBank taking the rest. The project will have a 4 gigawatt-capacity and will produce solar ingots, silicon wafers, batteries, and components. | |
| 276. |
Which bank launched a pilot WhatsApp enterprise solution to communicate with its customers recently? |
| Answer» IndusInd Bank announced that it has launched a pilot WhatsApp enterprise solution to communicate with its customers. IndusInd Bank's message service on WhatsApp is being rolled out to customers in phases, wherein customers can save the official WhatsApp number of the bank and initiate conversation. There will be a two-way communication with replies to customer messages seeking basic banking services. The customers of IndusInd Bank will now be able to check balance, obtain mini statement, check reward points as well as update of Aadhaar through WhatsApp. | |
| 277. |
Which payments bank Limited Commences Operations recently? |
| Answer» Jio Payments Bank Limited commenced operations as a payments bank. The Reserve Bank has issued a license to the bank under Section 22 (1) of the Banking Regulation Act, 1949 to carry on the business of payments bank in India. Reliance Industries Limited, Mumbai was one of the 11 applicants which were issued an in-principle approval for setting up a payments bank. | |
| 278. |
Which bank become the first Indian client of SWIFT to go live with an improved cross-border payments service? |
| Answer» The global financial messaging cooperative, SWIFT (Society for World Interbank Financial Telecommunication System platform) announced that ICICI Bank has become its first Indian client to go live with an improved cross-border payments service. The improved cross-border payments service which is being referred to is the gpi (Global Payment Innovation) Tracker, which has been extended to cover all payment instructions sent across the SWIFT network. SWIFT's gpi tracker enables real-time payments tracking across correspondent banks and has a facility to track the payments instructions across the correspondent banks globally. At a later stage, SWIFT is also planning to add another feature that has an ability to stop and recall payment in case of a fraud or when a duplicate payment has been sent erroneously. | |
| 279. |
This bank launches UK Subsidiary With 225 Millions Pounds Capital recently. |
| Answer» The State Bank of India SBI announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity. India's largest state-owned bank, which celebrated the new subsidiary with a special event in London, becomes the first foreign bank in the UK to ringfence its retail division from its wholesale business. | |
| 280. |
RBI slaps Rs.3 Crore monetary penalty for this bank. |
| Answer» Reserve Bank of India (RBI) has imposed a penalty of Rs. 3 crore on IDBI Bank for non-compliance with the outlined norms related to reporting of bad loans. the penalty was imposed on account of non-compliance with the directions issued on Income Recognition and Asset Classification (IRAC) norms. Notification regarding this stated that,this penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949, taking into account failure of the bank to adhere to the aforesaid directions issued by the RBI. | |
| 281. |
Which bank beat SBI and become the second most valued bank in the country? |
| Answer» Shares of private lender Kotak Mahindra Bank Limited beat India's largest lender State Bank of India (SBI) for the first time to become the second most valued bank in the country. Data from BSE showed that Kotak Mahindra Bank has a market capitalization of Rs2,22,560.69 crore after its shares rose 1.7%. SBI market capitalization stood at Rs2,22,043.74 crore. Its shares were trading at Rs248.80 on BSE, down 1% from its previous close. HDFC Bank Limited remained country's most valuable bank with a capitalization action of Rs5.04 trillion. | |
| 282. |
Which bank has allowed depositors to withdraw cash from its Point of Sale (PoS) devices? |
| Answer» In a bid to ease the cash crunch, the State Bank of India (SBI) has decided to allow depositors to withdraw cash from its Point of Sale (PoS) devices available with merchants. This "Cash@POS" facility will be available for customers of all banks and can be used in about 80% of SBI's PoS devices across the country. According to guidelines issued by the Reserve Bank of India, Customer can use SBI & any other bank debit card to withdraw cash up to Rs 2,000 in Tier 3 to 6 & up to Rs 1,000 in Tier 1 & 2 cities per card per day. Presently, the bank will not be charging any fees for these withdrawals. | |
| 283. |
This bank ties up with Zoho to offer solutions to enhance corporate banking experience. |
| Answer» Standard Chartered Bank has announced an alliance with Zoho to offer solutions to enhance corporate banking experience. Bank's business account holders can now pay their suppliers & automate reconciliation right from Zoho Books. The collaboration with Zoho offers clients a revolutionary experience, enabling them to interact seamlessly, resulting in simpler reconciliation & faster payments. | |
| 284. |
Which bank has has signed an agreement for information utility services with the National E-Governance Services Limited? |
| Answer» Indian Overseas Bank has entered into an agreement for information utility services with the National E-Governance Services Limited. With this agreement, the IOB branches will be able to provide high-quality, authenticated information about debts and defaults. The NeSL became India's first information utility for bankruptcy cases under the 'Insolvency & Bankruptcy Code 2016' in October 2017. | |
| 285. |
Which bank has received the Reserve Bank of India's approval to open two representative offices in London and Singapore, recently. |
| Answer» Yes Bank has received the Reserve Bank of India's approval to open two representative offices in London and Singapore. The opening of these new offices will help in further diversification and expansion of financial services to the NRI diaspora. Yes Bank opened its first representative office in Abu Dhabi in April 2015. | |
| 286. |
Reserve Bank of India (RBI) has placed which bank under directions, owing to which, its customers will not be allowed to withdraw more than Rs. 1000 per deposit account? |
| Answer» Reserve Bank of India (RBI) has placed Mumbai-based City Co-operative Bank under directions, owing to which, its customers will not be allowed to withdraw more than Rs. 1000 per deposit account. In addition to withdrawal restrictions, City Co-operative Bank would not be able to accept fresh deposits, disburse loans, make any investment, or borrow funds without RBI approval. In context of this news, it is important to note that City Co-operative Bank's net non-performing assets stood at 8.84 per cent of advances. However, RBI has clarified that issue of the directions should not be construed as cancellation of banking licence of City Co-operative Bank and it will continue to undertake banking business with restrictions till its financial position improves. | |
| 287. |
Paytm Payments Bank claims that it now has over ________ KYC-registered wallets. |
| Answer» Paytm Payments Bank claims that it now has over 100 million KYC-registered wallets - which includes both complete & minimum KYC. This development comes even as there have been indications in digital payments industry of a sharp fall in mobile-wallet users as customer authentication did not take off. Paytm Payments Bank is owned 51% by Paytm founder Vijay Sharma & 49% by One97 Communications. | |
| 288. |
This bank has launched IRA 2.0, the second version of its interactive humanoid at the Koramangala branch in Bengaluru, Karnataka. |
| Answer» IRA 2.0 has been developed by HDFC Bank in collaboration with Invento Makerspaces and Senseforth Technologies. Through voice based navigation, IRA will interact with customers, answer bank-related queries, frequently asked questions and will guide them inside the branch. The first version of IRA, which was launched in January 2017 at HDFC Bank's Kamala Mills Branch in Mumbai and is currently stationed at its Palarivattom branch in Kochi, Kerala. | |
| 289. |
Which bank appointed Radhakrishnan Nair as an additional (independent) director for its office? |
| Answer» ICICI Bank's board appointed Radhakrishnan Nair as an additional (independent) director of ICICI bank for five years. He is also an independent director of ICICI Prudential Life Insurance Company, ICICI Prudential Trust and ICICI Securities Primary Dealership. | |
| 290. |
Reserve Bank of India (RBI) has launched the 2018 Financial Literacy Week with the theme of; |
| Answer» The Reserve Bank of India (RBI) has launched Financial Literacy Week (FLW-2018) across the country with Customer Protection as its main theme. The event will focus on creating awareness among customers of banks about financial products and services, good financial practices and going digital. It will give out four consumer protection messages including 'know your liability' for unauthorised electronic banking transaction and good practices for a safe digital banking experience. Among various messages, customers will be told through banners and posters that in case of unauthorised digital transaction if bank is informed within 3 days, the liability of the account holder is zero. | |
| 291. |
Which bank signed an agreement with SIDBI under which it will act as a preferred financial institution for giving loans to the small and medium enterprising customers? |
| Answer» Yes Bank has entered into an agreement with SIDBI under which it will act as a preferred financial institution for giving loans to the small and medium enterprising customers. This will facilitate smooth flow of credit in a hassle-free manner to MSME customers availing term loan facility from SIDBI. Small enterprises will also be entitled to use Yes Bank's varied banking solutions. | |
| 292. |
Livelihood and Water Security programme a building project with farmers in Haryana and Rajasthan was launched by this project recently. |
| Answer» YES Bank is to launch a capacity building project with farmers in Haryana and Rajasthan under its 'Livelihood and Water Security' CSR (Corporate social responsibility) initiative. The main focus of the programme is sustainable agricultural practices and digital literacy. It aims to improve farmers' access to finance, offer effective use of digital banking resources, and good agricultural practices. The programme will be launched during the current year in Haryana and Rajasthan. Initially it will be launched in 15 districts (eight districts in Haryana and seven in Rajasthan). It will benefit 10,900 farmers. Digital methodology will be used to train farmers. | |
| 293. |
RBI restricts this bank from taking fresh credit exposure and Hiring recently. |
| Answer» Dena Bank has announced that Reserve Bank of India has restricted it from taking fresh credit exposure and recruiting new staff. It is to be noted that RBI initiated prompt corrective action against Dena Bank and imposed certain restrictions in May 2017 owing to high net non performing assets (NPA) and negative Return on Assets. The fresh restriction has been imposed in wake of deteriorated financial performance for the 4th quarter of 2017-18. For fourth quarter ended March 31, 2018, Dena Bank reported a net loss of Rs 1225 crore, which is much wider than the net loss of Rs 575 crore recorded in the same quarter last year. In addition to this, for the financial year 2017-18, Dena Bank recorded a net loss of Rs 1924 crore marking a third consecutive year of net loss. | |
| 294. |
Name the bank which has launched its Digital Loans against Mutual Funds in partnership with transfer agent CAM. |
| Answer» HDFC Bank has launched its Digital Loans against Mutual Funds in partnership with transfer agent CAM. Customers will be able to leverage their mutual fund portfolio to avail funds for any emergencies without liquidating their investments. The ticket size of the loans will range from Rs 1 lakh to Rs 1 crore at an interest rate of 10.5 -11%. | |
| 295. |
An online pharmacy Netmeds has appointed whom as its brand ambassador recently? |
| Answer» Netmeds has appointed Mahendra Singh Dhoni as its brand ambassador. Netmeds CEO Pradeep Dadha said that, the company wants people to know that it intends to be a team member to help fight Chronic diseases. Netmeds is promoted by Dadha family. At present it has an inventory of 35,000 stock keeping units (SKUs) of prescription drugs and 5,000 SKUs of OTC (Over-The-Counter) products. | |
| 296. |
Which bank Launches Agenda 25x25 recently? |
| Answer» YES Bank and YES Global Institute have launched Agenda 25x25, which pledges to create a synergetic startup environment for budding women entrepreneurs in India. The effort would ensure that by 2025 at least 25% of all entrepreneurs in India are women. The bank made the announcement at the YES Bank - YES Global Institute Annual Startup Conclave hosted in partnership with NITI Aayog, Invest India, Startup India and Atal Innovation Mission. The study outlines Agenda 25?25 and the need to build a 10 Step Developmental Model focused on empowering women innovators. | |
| 297. |
Reserve Bank of India (RBI) has placed additional restrictions on __________ under prompt corrective action (PCA) since January 2018. |
| Answer» Reserve Bank of India (RBI) has placed additional restrictions on Allahabad Bank, which is under prompt corrective action (PCA) since January 2018. RBI has debarred Allahabad bank from high-risk lending and has advised to reduce exposure to unrated and high-risk advances. Allahabad Bank has also been restricted by RBI from creating non-banking assets and accessing or renewing wholesale or costly deposits or certificate of deposits. These actions have been suggested by RBI by considering Allahabad Bank's Capital to Risk (Weighted) Assets Ratio (CRAR) and leverage ratio positions. Allahabad Bank is the second lender (after Dena Bank) among the 11 banks under prompt corrective action (PCA) that has been restricted by the RBI from lending to risky assets. | |
| 298. |
Which bank plans to sell 8.26 % stake in Universal Sompo General Insurance to Dabur Investment Corporation and Sompo Japan? |
| Answer» Karnataka Bank will sell 8.26 % stake in Universal Sompo General Insurance to Dabur Investment Corporation and Sompo Japan. This transaction is waiting for approval from Insurance Regulatory and Development Authority of India (IRDAI). After this transaction, Karnataka Bank's stake in the general insurance company will reduce to 6 percent from the current 14.26 percent. Sompo Japan's stake will increase to 34.61 percent from 28.42 percent and Dabur Investment Corporation's stake will increase to 12.81 percent from 10.74 percent. | |
| 299. |
Which company acquired Bhushan Steel Ltd recently? |
| Answer» Tata Steel, whose bid for debt-ridden Bhushan Steel was approved by NCLT, would implement the resolution plan through its step-down subsidiary Bamnipal Steel Ltd. Bamnipal Steel would invest in the debt-ridden company and acquire control on the closing date. As per the terms of approved Resolution Plan, Bamnipal Steel Limited (BNPL), a wholly-owned subsidiary of Tata Steel, will initially subscribe to 72.65% equity share capital of BSL at face value i.e. at Rs 2 per share, for an aggregate amount of Rs 158.89 crore. | |
| 300. |
Which is the first Indian exchange to receive a recognition certificate from the United States Securities and Exchange Commission (SEC)? |
| Answer» The BSE has received the recognition certificate of 'Designated Offshore Securities Market' (DOSM) from the United States Securities and Exchange Commission (SEC). This will help in the sale of securities to US investors through the BSE platform without registration of such securities with the US SEC. The BSE becomes the first bourse in India to receive the DOSM recognition. | |