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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.
| 301. |
This bank slapped with a penalty of Rs. 50 million for non-compliance with the directions issued by RBI. |
| Answer» The Reserve Bank of India (RBI) has slapped a penalty of Rs. 50 million on South Indian Bank Limited for non-compliance with the directions issued by it. The non-compliance pertains to Income Recognition and Asset Classification (IRAC) norms, Know Your Customer norms and treasury function. Further, the bank is also pulled up for deficiencies in its compliance function and compliance culture. | |
| 302. |
This bank plans to open most of its operational activities at a shared service centre (SSC) at the GIFT City. |
| Answer» Bank of Baroda has successfully located most of its operational activities at a shared service centre (SSC) at the GIFT City near Ahmedabad. The bank will now offer its services including retail loan processing, deposit account opening, forex and call center from the SSC, which will have a staff strength of 200. The bank will thus become one of the largest employers in the Ahmedabad-Gandhinagar region. The bank had taken 20,000 sq, ft of office space in GIFT City, making it the first Indian bank to move several key operations to the smart city. | |
| 303. |
Which bank has signed agreement with CDSL Commodity Repository (CCRL)? |
| Answer» Bank Of Baroda has signed agreement with CDSL Commodity Repository (CCRL). This agreement is for pledge financeunder the repository ecosystem for registered/accredited warehouses. The new ecosystem will boost confidence among bankers and other stakeholders like depositors and warehouse service providers. BOB becomes the firstpublic sector bank to become the repository participant. | |
| 304. |
This bank to be empanelled as'Settlement Bank' for National Securities Clearing Corporation (NSCC). |
| Answer» India's Largest stock exchange National Stock Echange (NSE) has given approval to Yes Bank to be empanelled as'Settlement Bank' for National Securities Clearing Corporation (NSCC). It is already empanelled as a 'Clearing Bank' for BSE, NCDEX, MCX. . It will provide different services to the member viz. Settlement and Clearing, electronic fund transfer and 'anywhere' banking and free of cost fund transfer across all centres of NSE's members. NSCCL will be coordinating with YES bank accounts for its risk management and settlement operations that it does on behalf of NSE. | |
| 305. |
CSC SPV and this Bank signed an MoU to offer financial support to CSCs all over India. |
| Answer» CSC SPV and Small Industries Development Bank of India (SIDBI) signed an MoU to offer financial support to CSCs all over India. As per the MoU, SIDBI will offer financial support to the Village Level Entrepreneurs (VLEs) of Common Services Centers, with minimum one year of operation, under the Direct Financing Window of SIDBI. Through Direct Financing Window, CSC SPV will approve the list of VLEs, within 25 km distance of SIDBI Branch Offices, who are in need of financial support. In order to receive the loan, the VLEs should submit their CSC project, with maximum project outlay of Rs. 3.50 lakh and term loan requirement under Rs. 2 lakh per project. This tie up will also improve financial viability of CSCs by providing additional services in their range of products. | |
| 306. |
Which bank will be empanelled by NSE as Settlement Bank for National Securities Clearing Corporation? |
| Answer» Yes Bank has received approval from National Stock Exchange to be empanelled as Settlement Bank for National Securities Clearing Corporation (NSCC), a wholly owned subsidiary of NSE. NSCC is responsible for clearing and settlement of all trades executed on NSE. The Bank is already an empanelled Clearing Bank for BSE, NCDEX & MCX. | |
| 307. |
RBI allows this bank to continue banking services under restriction. |
| Answer» The Central Bank of India, Reserve Bank of India (RBI) has instructed the Rupee Co-op Bank of Pune to continue its banking services keeping the limitations in mind. Restriction were first imposed on February 22, 2103 to August 2013 and that was extended 8 times till May 2018. Restriction were first imposed on February 22 ,2013 to August 2013 and that was extended 8 times till May 2018. | |
| 308. |
Which bank has revised its interest higher on retail fixed deposits or FDs below Rs. 1 crore, recently. |
| Answer» India's biggest lender State Bank of India (SBI) has revised its interest higher on retail fixed deposits or FDs below Rs. 1 crore. SBI has revision interest rates by up to 25 basis points in select maturities. The interest rate on SBI FDs with a maturity of one year to less than two years has been increased to 6.65% for the public, from 6.4% earlier. Senior citizens will get an interest rate of 7.15% as compared to 6.9% earlier. SBI fixed deposits with a maturity of two years to less than three years will fetch an interest rate of 6.65%, higher than 6.6% earlier. Senior citizens will get 7.15% as compared to 7.10%. | |
| 309. |
Which bank has appointed M D Mallya as an additional independent director of the bank? |
| Answer» The ICICI Bank board appointed former Bank of Baroda (BoB) chief M D Mallya as an additional (independent) directorfor a period of 5 years. M D Mallya's appointment is subject to the approval of shareholders. His appointment comes a month before the ICICI bank's chairman M K Sharma completes his term. Before joining BoB, M D Mallya was the chairman of Bank of Maharashtra. He is 65 years old. | |
| 310. |
This bank was recognized with the Champion Security Award at the 14th Visa Asia Pacific Security Summit. |
| Answer» HDFC Bank has been recognized with the Champion Security Award at the 14th Visa Asia Pacific Security Summit. For the second time in a row, the bank has won the award in the India and South Asia category. The Award is a mark of excellence reflecting leadership in risk management and payment security performance. | |
| 311. |
SBI, ICICI and __________ raised the lending rate making the loans costlier. |
| Answer» India's major banks SBI, PNB and ICICI bank raised the lending rate making the loans costlier. They increased their benchmark lending rate (MCLR) by 10 basis points or by 0.1 %. SBI has increased its lending rate by 10 basis points for all tenors upto 3 years. The MCLR for overnight and one month tenors is for 7.9% and for the three years tenor is 8.45%. PNB has raised tenors for 3 and 5 years to 8.55% and 8.7% PNB has also raised the base rate of 9.15% to 9.25%. ICICI has raised MCLR for 5 year tenors to 8.70% and also changed tenors for three and one year. | |
| 312. |
SBI has increased its lending rate by how many basis points for all tenors upto 3 years? |
| Answer» SBI has increased its lending rate by 10 basis points for all tenors upto 3 years. The MCLR for overnight and one month tenors is for 7.9% and for the three years tenor is 8.45%. PNB has raised tenors for 3 and 5 years to 8.55% and 8.7%. PNB has also raised the base rate of 9.15% to 9.25%.ICICI has raised MCLR for 5 year tenors to 8.70% and also changed tenors for three and one year. | |
| 313. |
___________ received RBI's approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company. |
| Answer» IDFC Bank received RBI's approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company. IDFC Bank received RBI's approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company. IDFC Bank received RBI's approval for merger of Capital First, Capital First Home Finance and Capital First Securities with the company. | |
| 314. |
This become the first corporate bank to make use of UK's Open Banking regime? |
| Answer» According to the open banking regime the European Banks are required to share customer data with third party banks upon the customers' approval. Citi Bank is the first to enroll as "Payment Initiation Service Provider". This would enable it to receive small payments directly from UK's customer bank accounts without debit or credit cards. This initiative will be less time consuming and cheaper compared to other alternatives like PayPal etc. | |
| 315. |
Bharat Financial Inclusion Ltd. received a no-objection nod for its merger with which Bank? |
| Answer» Bharat Financial has got the nod from multiple stock exchanges like NSE and BSE after SEBI's approval. This merger was proposed and drafted by the board of directors of both the companies on October 2017. IndusInd Bank would acquire BFIL through all stock deal. BFIL caters to the weaker section of society and has is present across 16 states covering 1 lakh villages. | |
| 316. |
This bank set up Public Credit Registry to Curb Bad Loans recently. |
| Answer» RBI stated that a Public Credit Registry (PCR) will be set up containing information on all borrowers to ensure financial stability. Following a report by Yeshwant M Deosthalee headed High-Level Task Force, RBI stated it has considered the recommendations and decided to set up a PCR in a modular and phased manner. | |
| 317. |
Former RBI deputy governor H R Khan was appointed as the chairman of this bank. |
| Answer» Bandhan Bank appointed former RBI deputy governer Harun Rashid Khan as non- executive part time chairman. Khan will be the independent director of the bank at a remuneration of Rs 24 lakh per annum subject to RBI and other approvals. The Bank also appointed Pravir Kumar Vohra as an Additional Director (Category being Independent, Non - Executive) of the Bank for a period of three years with effect from June 5, 2018. | |
| 318. |
This bank has received the National Payments Excellence Award 2017 by NPCI? |
| Answer» SVC Co-operative Bank has received the National Payments Excellence Award2017 by National Payments Corporation of India (NPCI). It is the highest recognition in the banking industry for exceptional performance in payments system. This is for their outstanding performance in NFS ATM Network and CTS. This effort will help in upgrading from the cheque system to UPI system and inclusion in the digital umbrella. | |
| 319. |
__________ ties up with Aditya Birla Health to provide insurance services to customers. |
| Answer» Private sector bank Karur Vysya Bank announced its tie up with Aditya Birla Health to provide insurance services to customers. It has already partnered with Birla Sunlife Insurance for the same. ABHICL will be able to access millions of customers of KVB, especially in the Tier I, II and IIIcentres. | |
| 320. |
This bank released the draft guidelines to modify the loan system for delivery of bank credit. |
| Answer» The Reserve Bank of India (RBI) released the draft guidelines to modify the loan system for delivery of bank credit, making the rules stricter to regulate larger borrowers enjoying working capital facility from the banking system. The draft specifies a minimum level of loan component in fund based working capital finance and a mandatory Credit Conversion Factor (CCF) for the undrawn portion of cash credit availed of by large borrowers. | |
| 321. |
__________ hit by cyber-attack, hackers steal USD 10 million recently. |
| Answer» Bank of Chile hit by cyber-attack, hackers steal USD 10 million though the country's second-largest commercial bank said no client accounts had been impacted. The cyber heist is the latest in a string of such attacks, including one in May in Mexico in which thieves used phantom orders and fake accounts to steal hundreds of millions of Mexican pesos out of the country's banks, including Banorte. | |
| 322. |
This bank get an approval to raise additional share capital upto 24,000 crore rupees. |
| Answer» Union Cabinet approved the proposal for grant of permission to HDFC Bank to raise additional share capital of up to a maximum of 24,000 crore rupees. The composite foreign shareholding in the Bank will not exceed 74% of the enhanced paid-up equity share capital of the bank. According to the Finance Minister Piyush Goyal, the proposed investment is expected to strengthen the capital adequacy ratio of the bank. The Cabinet also approved reconstitution of North Eastern Council (NEC). Home Minister will be the ex officio chairman of NEC and the Minister of State for DoNER will serve as Vice Chairman of the council. | |
| 323. |
Which bank has been ranked as the 5th biggest public company globally in the 'consumer financial services category' as per the report of Forbes? |
| Answer» Housing finance major HDFC has been ranked as the 5th biggest public company globally in the 'consumer financial services category' on a list compiled by Forbes magazine. American Express has topped this category, while Indiabulls Housing Finance is the only other Indian company (at 13th place) on the list. | |
| 324. |
Marg ERP limited patners with this bank to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers. |
| Answer» Marg ERP limited, a leading Inventory and Accounting software solution company has partnered with ICICI Bank, India's largest private sector bank by consolidated assets, to offer an integrated payments platform to Micro, Small and Medium Enterprise (MSME) customers, using MARG's accounting software. This integration aims to promote 'Connected Banking' and enables ICICI Bank's current account holders to securely connect their bank account with the MARG ERP software and undertake an array of digital transactions from within the ERP platform itself. | |
| 325. |
Which bank will not handle payments for crude from Iran from November 2018? |
| Answer» SBI has informed refiners it will not handle payments for crude from Iran from November 2018. Such a move from the SBI would come after US President Donald Trump pulled out of an international nuclear deal with Iran on May 8 and said he would reimpose sanctions within 180 days. Reliance Industries Ltd (RIL), owner of the world's biggest refining complex, plans to halt oil imports from Iran while Rosneft-promoted Nayara Energy has started cutting purchases from this month. | |
| 326. |
This bank has unveiled a novel card variant recently. |
| Answer» Karnataka Bank has unveiled a novel card variant 'KBL Deposit Only Card'. The card aims to enable hassle free cash deposit transaction at Bank's 24x7 e-Lobby services. This card is specially meant for Bank's Current/Overdraft customers. By using this card they can perform card based cash deposit transactions even with higher deposit limit. | |
| 327. |
Recently, this bank gets SEBI nod for custodian of securities business enhancing its market offerings. |
| Answer» Yes Bank has received approval from market regulator Securities and Exchange Board of India (Sebi) for acting as custodian of securities. This would enable the bank to play a larger role in channelising domestic and foreign investments into Indian financial market and would enhance bank's current capital market offerings. The bank has taken advantage of its global reach through its international banking team, IFSC banking unit in GIFT City and its representative office in Abu Dhabi as a part of its strategy. | |
| 328. |
Which bank ranks 60th in the BrandZ Top 100 Most Valuable Global Brands ranking? |
| Answer» HDFC Bank, has featured at 60th rank in the BrandZ Top 100 Most Valuable Global Brands ranking. The brand value of HDFC Bank at $20.9 billion, up 22%. Google and Appleretained the number 1 and 2 spots in the rankings, followed by Amazon, which moved into the #3 position ahead of Microsoft. | |
| 329. |
According to BSE, __________ overtook Axis Bank in market capitalization ranking. |
| Answer» Bajaj Finance overtook Axis Bank in market capitalization ranking according to BSE. It was a surge of 3%. The m-cap of Bajaj Finance was of Rs 1,345.85 billion. Bajaj Finance stood at number 18 position in overall market-cap ranking climbing 11 places in 2018. | |
| 330. |
Which bank plans to close the 9 foreign branches as part of rationalisation of overseas operations? |
| Answer» The country's largest lender State Bank of India (SBI) is in the process of closing down nine foreign branches as part of rationalisation of overseas operations. SBI has over 190 foreign offices spread across 36 countries. Bank of India also closed down operations in Yangoon and Bostwana, while Bank of Baroda and Indian Overseas Bank shut the Hong Kong branch. In addition, PSBs have also closed down various representative offices. | |
| 331. |
Which bank has raised its stake in Swadhaar Finserve Pvt. Ltd to 100% from 60.48% recently? |
| Answer» RBL Bank has raised its stake in Swadhaar Finserve Pvt. Ltd to 100% from 60.48%. The bank has bought the stake it did not own from US-based non-profit Accion. Swadhaar FinServe started operations as a non-banking finance company in 2008. It subsequently converted into an NBFC-MFI. It became a business correspondent for RBL Bank in 2014 and transferred its microcredit portfolio to the bank. | |
| 332. |
Allahabad Bank and this bank raised lending rate by up to 10 basis points. |
| Answer» Allahabad Bank and PNB (Punjab National Bank) raised their marginal cost of funds-based lending rate (MCLR) by up to 10 basis points, with effect from July 1, 2018. One basis point equals one-hundredth of a percentage point. ? For loan of a six-month tenor, the borrowing rate will be costlier by 0.10 per cent to 8.40 per cent. ? For one year loan term, the new rates are up by 0.05 percent to 8.45 percent. | |
| 333. |
For which bank, Reserve Bank of India gave permission to open the branch in India? |
| Answer» The Reserve Bank of India licensed Bank of China to operate in India. This decision comes as part of the commitment made by PM Modi to the Chinese leadership. Bank of China will now have operating offices in India. This will be the second Chinese bank to be operating in the country. As on 1 January, 2018 Industrial & Commercial Bank of China Ltd was operating in India along with 45 other foreign banks. The United Kingdom's Standard Chartered has the highest, 100 branches in India as of now. | |
| 334. |
This bank revised the interest rates on Foreign Currency Non-Resident (banking) term deposits with immediate effect. |
| Answer» Public sector Indian Bank revised the interest rates on Foreign Currency Non-Resident (banking) term deposits with immediate effect. The bank shares were trading at Rs 337.65 a piece. | |
| 335. |
IFC has invested __________ million in Mahindra & Mahindra Financial Services Ltd. |
| Answer» World Bank Group member IFC (International Finance Corporation) has invested $100 million in Mahindra & Mahindra Financial Services Ltd. (Mahindra Finance). This would enable the Mahindra Group company to augment its growth by extending loans to individuals along with financing small and medium enterprises. Mechanised farming can cut costs by 25% and raise productivity by 20%, helping meet the Centre's target of doubling farmers' incomes by 2022. | |
| 336. |
Which bank has received final regulatory approval from the SEBI to start mutual fund business? |
| Answer» Private lender YES Bank announced that it has received final regulatory approval from the Securities & Exchange Board of India (SEBI) to start mutual fund business. This approval is subsequent to the Reserve Bank of India's (RBI) approval. YES Asset Management (India), a wholly owned subsidiary of YES Bank, will launch fund offerings across the spectrum in both debt and equity markets over the next 6-12 months. | |
| 337. |
The Mortgage Loan Portfolio of this bank crosses Rs1.5-Trillion recently. |
| Answer» ICICI Bank has announced that its mortgage loan portfolio crossed the Rs 1.5-trillion milestone, making it the largest private player in the segment, and the lender is targeting to grow it to Rs 2 trillion by FY20. At Rs 1.5 trillion, the mortgage loan-book is half of the bank's overall retail loan portfolio of around Rs 3 trillion. | |
| 338. |
Name of the bank which becomes the Most valuable bank in Emerging Market outside China. |
| Answer» HDFC Bank has gone past Russia's Sberbank to become the most valuable bank in the emerging market outside China. HDFC Bank's current market capitalisation is $78.4 billion against Sberbank's $74.4 billion. Chinese banks are leading the pecking order in the emerging market, with Industrial & Commercial Bank of China topping the list with a market cap of $273.4 billion. There are four lenders from India that now rank among the world's 500 most valuable companies. HDFC Bank is followed by its housing finance cousin Housing Development Finance Corporation (HDFC), Kotak Mahindra Bank and State Bank of India. | |
| 339. |
The Reserve Bank of India Cancels the Licence of __________ in Alwar. |
| Answer» The Reserve Bank of India has announced that the licence of Alwar Urban Co-operative Bank in Alwar, Rajasthan has been cancelled as it is not in a position to pay its depositors in full as and when their claims accrue, among other reasons. The reasons for the cancellation of the licence were, the bank does not have adequate capital and earning prospects, and hence does not comply with the relevant provisions of the Banking Regulation Act, 1949. | |
| 340. |
Recently; With which bank, Indian Army have inked an MoU on the Defence Salary Package? |
| Answer» The Indian Army and SBI have inked an MoU on the Defence Salary Package. This revised MoU (the first was signed in 2011) is expected to suit the requirements of serving soldiers, pensioners and their families. The additional facilities that have been incorporated in the MoU include free personal accident death cover, free permanent total disablement cover and other accidental benefits to the deceased soldier and their family. | |
| 341. |
Which payment bank gets RBI Nod to resume taking New Customers? |
| Answer» Airtel Payments Bank has received requisite approvals from the Reserve Bank of India (RBI) to begin taking new customers. Also, Aadhaar-issuing authority UIDAI has allowed it to use the 12-digit unique identification number-based e-KYC. RBI thereafter had directed Airtel Payments Bank not to on-board new customers while Aadhaar-issuing body UIDAI had suspended the e-KYC licence of both Airtel and the payments bank. | |
| 342. |
Amitabh Malhotra has been appointed as the Head of Investment Banking for __________. |
| Answer» The Hongkong and Shanghai Banking Corporation Limited (HSBC) has appointed Amitabh Malhotra as the Head of Investment Banking for HSBC India. Amitabh will lead the Investment Banking and Equity Capital Markets business. Prior to HSBC, Amitabh worked at Rothschild India, where he was the co-head and managing director of the Global Investment Bank, based in Mumbai. | |
| 343. |
The Bank for International Settlements (BIS) has praised which bank for its effective communications strategy? |
| Answer» The RBI has been praised by the Bank for International Settlements (BIS), for its effective communications strategy. The RBI has been applauded by the BIS, which calls itself 'a bank for central banks', for effectively using a targeted communication strategy for reaching out to the right audience in "short and simplified" language. In its latest annual economic report, Basel-based BIS, which is owned by 60 central banks from across the world including the Reserve Bank of India, has said that effective communication is critical for success, as in many other policymaking areas. | |
| 344. |
LIC has approved the proposal to hold a 51% stake in this bank. |
| Answer» The board of Life Insurance Corporation of India (LIC) has approved the proposal for the insurer to hold a 51% stake in IDBI Bank. The announcement was made by Subhash Chandra Garg, Secretary, Department of Economic Affairs. The life insurer has around 7.5% stake in LIC at present and will acquire the remaining stake from the government. Using this route rather than LIC directly buying the government's stake in IDBI Bank will ensure that the bank receives the capital. | |
| 345. |
This bank will launch a kisan Mela outreach program for farmers to help in imparting financial literacy to the farmers. |
| Answer» State Bank of India (SBI) announced that it would launch a kisan Mela outreach program for farmers to help in imparting financial literacy to the farmers, on July 18,2018 . This would cover 10 lakh farmers in 14000 rural and semi urban branches. This initiative will educate the farmer customers about their right and various banking initiatives. The bank will also issue Kisan Credit Card (KCC) with 10% of enhancement on their credit limit. It would also help various the farmers on knowing various agri-products of the bank like asset backed agri-loan, mudra loan and loans on other allied agri activities. | |
| 346. |
This bank launched DigiLocker facility recently. |
| Answer» Karnataka Bank launched DigiLocker facility for its customers as part of its digital initiative. The facility is being given by integrating bank's MoneyClick internet banking channel.DigiLocker is a key initiative to store the digital documents, by National E-Governance Division under Union Ministry of Electronics and Information Technology. The customer can login to the bank's internet banking account and click on access. Customers can access their digital documents anytime, anywhere and share it online. Digital Locker makes it easier to validate the authenticity of documents as they are issued directly by the registered issuer. | |
| 347. |
Which bank has obtained the regulatory nod from RBI (Reserve Bank of India) to open offices in Bahrain, Kuwait and Singapore? |
| Answer» Federal Bank has obtained the regulatory nod from RBI (Reserve Bank of India) to open offices in Bahrain, Kuwait and Singapore. Federal Bank is waiting for local clearances to start operations. It already has representative offices in Abu Dhabi and Dubai. Federal Bank does not have any plans to increase its presence in India. It will focus on the digital alternatives to reach out to more customers. Federal bank will focus more on the unsecured lending segment, where it stands at Rs 380 crore currently. | |
| 348. |
Reliance Jio partnered with which bank for digital services? |
| Answer» RIL's telecom subsidiary Reliance Jio partnered with State Bank of India (SBI) to extend the next generation of digital banking and payments services to customers. MyJio platform will enable SBI YONO's digital banking features and solutions for a seamless, integrated and superior customer experience. It will also extend the financial services capabilities of SBI and Jio Payments Bank. | |
| 349. |
RBI increased the policy repo rate by 25 basis points to __________. |
| Answer» The Reserve Bank of India (RBI) increased the repo rate by 25 basis points to 6.5% and the reverse repo rate to 6.25%. This is the third bi-monthly policy review of the 2018-2019 financial year. The marginal standing facility rate and the bank rate have been adjusted to 6.75%. This decision was made by the Monetary Policy Committee headed by RBI Governor Urjit Patel. Repo rate is the rate at which the RBI lends money to commercial banks in the event of a shortfall of funds. | |
| 350. |
Which bank awarded as the best performing bank in CLSS schemes? |
| Answer» HDFC has been awarded the best performing primary lending institution in Credit Linked Subsidy Scheme (CLSS) for the EWS (Economically Weaker Section) and LIG (Low Income Group) category. The award was given by Prime Minister Narendra Modi. CLSS was introduced in June 2015 under Pradhan Mantri Awas Yojana ( PMAY) for home loans to customers from the EWS as well as LIG. | |