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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.
| 401. |
This bank increased the Refinance limit from Rs24,000cr to Rs 30,000cr. |
| Answer» National Housing Bank announced increase of the Refinance limit to Rs.30,000 crore from the previous Rs. 24,000. With this eligible Housing Finance Companies & Other entities will have increased availability of funds. The initial sanctioned limit was set to Rs. 24,000 crore for the current year (July 2018-June 2019) to refinance and credit Housing Finance Companies & other Institutions. Till date, Rs.8835 crore has been sanctioned. | |
| 402. |
Which bank has signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources? |
| Answer» State Bank of India has signed an MoU with Kathmandu-based National Banking Institute (NBI) for the development of human resources of the latter. Under the MoU, the strategic training unit of SBI will impart education, training and development to facilitate transformation of NBI's HR department. SBI signed the three-year MoU with NBI to establish a mutually beneficial strategic alliance for development of NBI's human resources by imparting education, training and research. | |
| 403. |
The theme of the World Bank's World Development Report 2018 is; |
| Answer» The World Bank released the Human Capital Index (HCI) as part of the World Development Report 2019. The theme of the World Development Report (WDR) this year is "The Changing Nature of Work". As part of this report, the World Bank has launched a Human Capital Project (HCP). The HCI has been constructed for 157 countries. The HCI for India has been estimated at 0.44. The Index was released at the World Bank-IMF Annual Meetings in Bali, Indonesia. Singapore ranked first for its universal health care system, education exams results and life expectancy figures. It is followed by South Korea, Japan, Hong Kong and Finland. India was ranked at the 115th position. | |
| 404. |
National Investment and Infrastructure Fund invest __________ in HDFC Capital realty platform. |
| Answer» National Investment and Infrastructure Fund (NIIF) an investment of Rs 660 crore in HDFC's real estate investment platform HDFC Capital Affordable Real Estate - 2 (H-CARE ) It enables investors in NIIF Fund of Funds to participate in the attractive mid-income and affordable housing sectors in India. | |
| 405. |
ICICI was formed in 1955 at the initiative of which International organisation? |
| Answer» The ICICI Bank was originally established by ICICI Limited as a wholly owned subsidiary in 1994. Though, Industrial Credit and Investment Corporation of India (ICICI) was formed in 1955 as a joint-venture of the World Bank, the Government of India (GoI) and representatives of Indian industry. The principal objective was to create a development financial institution for providing medium-term and long-term project financing to Indian businesses. Recently, it is in news because the Reserve Bank of India (RBI) has approved appointment of Sandeep Bakshi as Managing Director and CEO of the private sector lender ICICI Bank for 3 years. | |
| 406. |
The name of the first bank which launches Wealth Hub in Mangalore. |
| Answer» State Bank of India is the first bank to introduce wealth business services for its customers. The wealth hub was launched by SBI Chairman Rajnish Kumar. | |
| 407. |
This bank announced a capital infusion of Rs 728 crore from the government against preferential allotment. |
| Answer» Public sector Syndicate Bank announced capital infusion of Rs 728 crore from the government in lieu of preferential allotment of shares. The government in its October 17th order issued that it would infuse Rs 728 crore to Syndicate Bank against preferential allotment of equity shares during 2018-19. On October 22 the bank had received the amount and kept it in Syndicate Bank Share Application Money Account. In 2017-18, Rs 88,139 crore was infused into 20 public sector banks (PSBs). The banks will get capital infusion of Rs 65,000 crore in 2018-19. | |
| 408. |
This bank will inject Rs 40,000 crore in November through open market operation (OMO). |
| Answer» The Reserve Bank of India has announced that it will inject Rs 40,000 crore into the system in November through the purchase of government securities as it looks to meet festive season demand for funds. The central bank had already injected Rs 36,000 crore into the system in October through open market operation (OMO). | |
| 409. |
With which bank Hitachi Payment Services formed joint venture for digital payment platform? |
| Answer» State Bank of India (SBI) and payments solution provider Hitachi Payment Services India entered into an agreement to form a joint venture for establishing a card acceptance and digital payment platform. According to the joint venture (JV), Hitachi will pick up 26 percent stake in SBI Payment Services, a wholly-owned subsidiary of SBI. The JV will have various payment options to customers and merchants. | |
| 410. |
Aditya Puri was re-appointed as the MD of which bank? |
| Answer» The Reserve Bank of India (RBI) approved the re-appointment of Aditya Puri as Managing Director of the HDFC bank for another two years. Aditya Puri has been with the bank since 1994, making him the longest-serving head of any private bank in the country. Shareholders had already approved his appointment in 2015 for five years subject to the RBI's approval. | |
| 411. |
Atul Kumar Goel has taken charge as the MD and CEO of ___________. |
| Answer» Atul Kumar Goel assumed charge as Managing Director and Chief Executive Officer (UCO) of UCO Bank. Prior to this assignment, he was executive director of Union Bank of India. | |
| 412. |
This organisation has received a licence from the Reserve Bank of India (RBI) to start a Non-Banking Financial Company (NBFC). |
| Answer» Kirloskar Capital has received a licence from the Reserve Bank of India (RBI) to start a Non-Banking Financial Company (NBFC). Kirloskar Capital is a wholly-owned subsidiary of Kirloskar Oil Engines (KOEL). It will be headed by Vimal Bhandari. Prior to joining Kirloskar Capital, Vimal Bhandari was the Chief Executive Officer (CEO) of Indostar Capital. | |
| 413. |
Chola MS General Insurance and this bank renewed their corporate agency arrangement for five years, recenty. |
| Answer» Chola MS General Insurance and IndusInd Bank Ltd renewed their corporate agency arrangement for a period of five years. This is a part of a decade-long partnership has garnered around Rs 37 billion and serviced close to half a million customers during 2017-18. They will roll out more innovative digital insurance solutions, especially in claims servicing, targeting to double its premium over the next five years. | |
| 414. |
This bank launched co-branded credit card with Amazon pay recently. |
| Answer» ICICI Bank launched co-branded credit card with Amazon pay. The co-branded card is available on the Visa platform. This move is expected to help significantly expand the credit card customer base for the bank. This will make online shopping more affordable and provide the best value to Amazon Pay customers. The features of the card are: It enables Amazon Prime members to earn 5 percent reward points on shopping on Amazon.in. Other customers to get 3 percent reward points. Additional 2 percent reward points on spends at Amazon Pay partner merchants across categories such as food delivery, utility payments, movie ticketing etc. | |
| 415. |
New Delhi Municipal Council (NDMC) has launched QR-enabled fridge magnets for digital payment of bills along with SignCatch and this bank. |
| Answer» New Delhi Municipal Council (NDMC) launched a "smart" initiative to distribute quick response-enabled smiley fridge magnets to its consumers. This is a collaborative project between: NDMC, a Delhi-based retail tech startup called SignCatch and the Axis Bank for the initiative. | |
| 416. |
Recently, Reserve Bank of India cancelled the certificate of registrations of how many non-banking finance companies (NBFCs)? |
| Answer» The Reserve Bank of India cancelled the certificate of registrations of as many as 31 non-banking finance companies (NBFCs) for unspecified reasons. A majority 27 of the 31 companies which lost their licences are from Bengal. Bengal is followed by Uttar Pradesh, which has seen four NBFC licence cancellations. A majority of voluntary application for licence cancellation are also from Bengal. This can be seen from the fact that it also cancelled the certificate of registrations of 17 NBFCs following a request by them for the same. | |
| 417. |
Which bank signed a loan agreement US$13 million loan pact with EESL to promote efficient energy usage in India? |
| Answer» The Asian Development Bank (ADB) will provide US$13 million loan to Energy Efficiency Services (EESL) to promote efficient energy usage in India. The loan amount will be provided by the Global Environment Facility (GEF). The grant, to be administered by ADB, is tied to the USD 200 million ADB-financed Demand-Side Energy Efficiency Sector Project. | |
| 418. |
Which bank launched the country's first interactive credit card with buttons, recently? |
| Answer» IndusInd Bank has announced the launch of IndusInd Bank Nexxt Credit Card, which empowers customers with a choice of payment options such as EMI, Reward Points or Credit at the push of a button, on the card, at the point of sale (POS). The bank claims it to be the nation's first interactive credit card with buttons. According to the bank, this card provides customers with the flexibility of 3 payment options at a POS terminal - Credit, Converting Transactions into EMIs with 4 tenure options (6, 12, 18 & 24 months) or using accumulated Reward Points, by simply pushing a button on the card. | |
| 419. |
RBI imposed fine of Rs 3 crore each on Deutsche Bank and this bank. |
| Answer» Reserve Bank of India imposed a fine amounting to Rs. 6.1 crores fine each on two lenders -- Deutsche Bank and Jammu and Kashmir Bank. A monetary penalty of Rs 30.10 million on Deutsche Bank was imposed. The reasons are for non-compliance with the directions issued by RBI on Income Recognition and Asset Classification (IRAC) norms. Know Your Customer/Anti-money Laundering (KYC/AML) norms, and on disclosure of monetary penalties imposed by the regulator. | |
| 420. |
Which bank has launched a special campaign for opening current account and savings accounts (CASA)? |
| Answer» Karnataka Bank has launched a special campaign for opening current account and savings accounts (CASA). The campaign will remain in force for a period of three-and-a-half months from November 15 to February 28. It has been introduced as a new SB scheme 'KBL SB - TASC' a specialized product for Trusts/Associates/Societies/Clubs. Bank intends to open more than 4.18 lakh Current & Savings accounts by the active involvement of its 8000 plus workforce in all the 823 branches across India. | |
| 421. |
Which bank disbursed Rs 1,100 crore subsidy for 51,000 customers under Pradhan Mantri Awas Yojana (PMAY) scheme? |
| Answer» Housing finance firm HDFC disbursed over Rs 1,100 crore subsidy to over 51,000 customers under the government's flagship scheme Pradhan Mantri Awas Yojana (PMAY).It had provided loans of over Rs 9,800 crore under PMAY-Credit Linked Subsidy Scheme (CLSS) to EWS (Economically Weaker Section), LIG (Low Income Group) and Middle Income Group (MIG) category. It had also approved 37 per cent of home loans in volume terms and 18 per cent in value terms to customers from the EWS and LIG segment as on September 30, 2018. | |
| 422. |
Which small finance bank launches personal loan facility for salaried individuals? |
| Answer» he Ujjivan small finance bank a wholly owned subsidiary of Ujjivan Financial Services Limited introduced a new personal loan scheme for salaried individuals. The 14 tier I and tier II locations where the product will be launched are Ahmedabad, Bengaluru, Delhi, Kolkata, Pune, Surat, Mumbai, Mysore, Ankaleshwar, Coimbatore, Kochi, Chennai and Vadodara. Personal loans starting from Rs 50,000up to Rs 15 lakhs will be offered to salaried professionals who are earning a monthly salary above Rs 15,000. | |
| 423. |
As per the Chief Vigilance Commissioner (CVC) guidelines and the State Legislature, Which bank was brought under the purview of the Right to Information (RTI) act? |
| Answer» As per the Chief Vigilance Commissioner (CVC) guidelines and the State Legislature, the Jammu and Kashmir bank was brought under the purview of the Right to Information (RTI) act. The decision was taken by the State Administrative Council (SAC) chaired by Governor Satya Pal Malik. The objective of the decision was to strengthen better corporate governance. As per the proposal, hereafter, the J&K Bank Limited will be treated as a Public Sector Undertaking (PSU). | |
| 424. |
Which bank developed the PaiSA portal for processing interest subvention on bank loans to beneficiaries under DAY-NULM? |
| Answer» The government launched a centralised electronic platform for processing interest subvention on bank loans to beneficiaries under Deendayal Antyodaya Yojana - National Urban Livelihoods Mission (DAY-NULM), called 'Paisa'. PAiSA, or `Portal for Affordable Credit and Interest Subvention Access', is a web platform designed and developed by Allahabad Bank, which is the nodal bank. | |
| 425. |
Which bank get a Survey to create a profile of India's Startup Sector, recently? |
| Answer» The Reserve Bank has launched a survey to gauge their scope with respect to turnover, profitability, and workforce with an aim to create a profile of India's startup sector. The survey would also throw light on the problems faced by the startup sector. According to the RBI, the survey forms have been mailed to all startup entities registered with the Department of Industrial Policy and Promotion. | |
| 426. |
The central bank of India, Reserve Bank of India (RBI) reduced the mandatory hedging provision from 100 percent to ___________ Percent. |
| Answer» The central bank of India, Reserve Bank of India (RBI) in consultation with the government of India, reduced the mandatory hedging provision to 70 per cent from 100 per cent. To ease the External Commercial Borrowing (ECB) norms. This move would enable Indian companies to borrow foreign currency-denominated ECBs for better liquidity as they don't have to have a 100% hedge coverage. However, the ECBs thus raised should be ECBs under Track I, which refers to medium-term borrowings with average maturity between three and five years. Further, ECBs falling within the scope which were raised before have to roll over their existing hedge(s) only to the extent of 70 per cent of outstanding ECB exposure. | |
| 427. |
The government of India has decided to infuse Rs 2,159 crore in the bank of __________. |
| Answer» State-owned United Bank of India announced that the government has decided to infuse Rs 2,159 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen banks. The government has decided to pump Rs 28,615 crore into seven public sector banks (PSBs) through recapitalization bonds soon. Out of these seven PSBs, Bank of India is likely to get the highest amount of Rs 10,086 crore. | |
| 428. |
As per the RBI data, which bank topped in the List Of Banks Penalising Staff For Fraud in 2015-2017? |
| Answer» According to data furnished by the Reserve Bank of India, between 2015 and 2017, private lender ICICI Bank penalized the highest number of employees for defrauding bank assets in the last three year out of 60 scheduled commercial banks operating in India. It is followed by State Bank of India and Punjab National Bank. In all, banks took action against a staggering 13,949 officials, of which 16%, or 2,236, belonged to ICICI. | |
| 429. |
Which bank increased interest rates for fixed deposits less than Rs. 1 crore? |
| Answer» State Bank of India (SBI) revised its fixed deposit (FD) interest rates on select maturities by 0.05-0.10 per cent or 5-10 basis points. The hiked interest rates are on deposits below Rs. 1 crore. These changes were done ahead of the fifth bi-monthly monetary policy review outcome on December 5. | |
| 430. |
Which bank gets RBI approval for subsidiary? |
| Answer» Mauritius based SBM group granted a license by Reserve Bank of India to operate SBM Bank (India) Limited through Wholly Owned Subsidiary (WOS) mode under the Banking Regulation Act, 1949 with effect from December 1, 2018. Now at present SBM operate its branches in Mumbai, Chennai, Hyderabad, and Ramachandrapuram since 1994. It plans to open six new branches in Delhi, Bangalore, Kolkata, Pune, Ahmedabad, and Jaipur by next year. | |
| 431. |
TIPS an Instant Payment System launched by; |
| Answer» The European Central Bank launched a new system aimed at letting banks settle payments instantly across Europe, helping them to compete with PayPal and other global tech giants. Developed in just over a year, the ECB's TARGET Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds and regardless of the opening hours of their local bank. TIPS is open only to providers that have an account at a central bank connected to the euro zone's TARGET 2 network, meaning it is effectively restricted to European Union banks. | |
| 432. |
This bank extended a credit facility of USD 500 million to Tanzania for water supply projects in the country. |
| Answer» Export-Import Bank of India (Exim Bank) extended a credit facility of USD 500 million to Tanzania for water supply projects in the country. Exim Bank signed an agreement in May 2018, with the Tanzania government for making available a Government of India-supported line of credit of USD 500 million for the purpose of financing water supply schemes. | |
| 433. |
eATM : Instant fund credit feature to get cash within 30 minutes launched by __________. |
| Answer» ICICI Securities (ISec), a brokerage firm, launched the 'eATM' instant fund credit feature to enable real-time payments in bank accounts upon selling stocks in Bombay Stock Exchange (BSE). This feature is available to retail investors who can get payment against sell of stocks in BSE instantly compared to earlier waiting time of T+2 days. The payment is made directly to the bank accounts to within 30 minutes and the limit is Rs. 50,000 per client per day. This is being offered to all ICICIdirect customers at no additional cost and will be available to stocks sold on the BSE. It is open to all trades in cash segment on nearly 600 stocks traded in BSE. | |
| 434. |
With which bank, HDFC ERGO General Insurance Company ties up for offerings non-life insurance to the customers of the Bank? |
| Answer» HDFC ERGO General Insurance Company, India's leading private sector general insurance company, and Federal Bank, announced tie-up for the distribution of HDFC ERGO's range of non-life insurance offerings to the customers of the Bank through its network branches. This Corporate Agency Tie-up offers comprehensive Insurance solutions to customers both digitally and physically, which benefits the customers in many ways. Federal Bank's deep-rooted presence in Southern markets allows the Company to strengthen its foothold within the region. | |
| 435. |
A Currency Swap Agreement was signed between Central Bank of the UAE and this Indian bank. |
| Answer» Currency Swap Agreement was signed between the Reserve Bank of India and the Central Bank of the UAE. The MoU was signed by Ambassador of India to UAE, Shri Navdeep Suri and Dy. Governor of Central Bank of UAE. | |
| 436. |
Reserve Bank of India has imposed a fine of Rs 1 crore on this bank for violating cybersecurity norms. |
| Answer» The Reserve Bank of India has imposed a fine of Rs 1 crore on Indian Bank for violating cybersecurity norms. The contravention is with regard to RBI's directions on Frauds - Classification and Reporting by Commercial Banks. | |
| 437. |
Brahm Dutt was appointed as an Interim Chairman of this bank. |
| Answer» Yes Bank Ltd has named one of its independent directors Brahm Dutt as the bank's part-time non-executive independent chairman after former Finance Secretary Ashok Chawla resigned from the position. Brahm Dutt is a former bureaucrat and is one of the oldest members of Yes Bank's board. | |
| 438. |
Reserve Bank of India (RBI) launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)' for how many cities? |
| Answer» The Reserve Bank of India (RBI) launched a 'Survey on Retail Payment Habits of Individuals (SRPHi)' in 6 cities including four metropolitan cities. The survey will cover a sample of 6,000 individuals from various socio-economic backgrounds across six cities of: Delhi, Mumbai, Kolkata, Chennai, Bengaluru and Guwahati. The fieldwork for the survey was carried out by Sigma Research & Consulting Pvt Ltd. The survey would capture payment habits of individuals and this will provide some idea about awareness and usage habits of digital payment products. | |
| 439. |
Name of the non-banking financial company which merged with IDFC Bank. |
| Answer» Private sector IDFC Bank and Non-Banking Financial Company (NBFC) Capital First have announced completion of their merger to create IDFC First Bank. Capital First Founder and Chairman V Vaidyanathan has been appointed Managing Director (MD) and Chief Executive Officer (CEO) of the merged entity. IDFC Bank Founder, MD and CEO Rajiv Lall will serve as Part-Time Chairman of IDFC First Bank. It will serve 7.2 million customers through its 203 bank branches, 129 ATMs, 454 rural business correspondent centres across the country's urban and rural geographies. | |
| 440. |
Karnataka Bank Partners with this firm for the Home Loans. |
| Answer» Paisabazaar.com, India's largest online marketplace for financial products, and Karnataka Bank announced a strategic partnership to offer the bank's home loan product to customers on the Paisabazaar platform. Through this partnership, consumers will now be able to choose and apply for a home loan from Karnataka Bank, directly through the Paisabazaar platform. | |
| 441. |
ICICI Bank has projected the GDP (Gross Domestic Product) to increase to what percent in 2019-20 and 7.2% in 2018-19? |
| Answer» ICICI Bank projected the GDP to increase to 7.4% in 2019-20. Its growth forecast for 2018-2019 is at 7.2 mainly due to slow consumption. It states that one of the biggest factors restricting growth will be the real estate and small scale units as they are yet to recover from effects of GST and demonetisation. | |
| 442. |
Which bank pipped Tata Group as India's largest business house worth Rs. 10.40 lakh crore? |
| Answer» According to Bloomberg data, Deepak Parekh-led HDFC group overtook Tata Group become the country's largest conglomerate in terms of market capitalization. The total market capitalization (MACP) of the group's five listed companies is currently valued at Rs 10.40 lakh crore, which is Rs 1,185 crore more than that of Tata Group. HDFC Bank, a part of the group, is only the third company in Indian corporate history to cross the Rs 5-lakh crore market capitalization threshold, after TCS (Rs 7.16 trillion) and RIL (Rs 7.09 trillion). | |
| 443. |
SBI Life Insurance join hands with this bank for bancassurance partnership recently. |
| Answer» A 'bancassurance' pact was signed between State-owned Allahabad Bank and SBI Life Insurance to sell the policies of the insurer from over 3,238 branches of the Allahabad Bank. The agreement is considered as one of the largest Bancassurance partnerships in the country. The agreement was signed in the presence of Allahabad Bank Managing Director (MD) and Chief Executive Officer (CEO) Mallikarjuna Rao and SBI Life MD & CEO Sanjeev Nautiyal. | |
| 444. |
Which bank will issue the Seventh Phase of Electoral Bonds to Sale from 1 Jan? |
| Answer» The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches w.e.f. January 01 - 10, 2019. Electoral bonds are alternatives to cash donations made to political parties that were introduced in 2018 as part of the government's efforts to bring transparency in political funding. These are short-term bonds that are valid for 15 calendar days, where the holders do not earn any interest (coupon rate). In the last six phases till November 2018, electoral bonds aggregated up to Rs 1,056.73 crore from purchases made by citizens or entities. | |
| 445. |
Name the small finance bank that has received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala? |
| Answer» The Thrissur, Kerala-based ESAF Small Finance Bank has received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank. The ESAF Small Finance Bank Ltd has received the RBI's approval for inclusion in the second schedule of the RBI Act, 1934 paving its way to operate as scheduled bank. In 2016, RBI gave approval to ESAF MFI along with 9 other applicants to start banking operations as a small finance bank and within two years of its commencement of operations, it has received the scheduled bank tag. On the operation front, the ESAF Small Finance Bank has a network of 432 outlets across 13 states with 2.6 million customers and a loan book of Rs 4,660 crore and deposits if over Rs 3,300 crore. Its capital- to-risk-weighted-asset (CRAR) ratio stands at 27.39 per cent. | |
| 446. |
The cabinet has approved the merger of Vijaya Bank & Dena Bank with __________. And become the first ever three-way merger in Indian banking. |
| Answer» The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After this merger, Bank of Baroda will become the third biggest public sector bank. The merger will be effective from April 1. This is also the first ever three-way merger in Indian banking. Bank of Baroda (BoB) finalised the share swap ratio for the merger of Vijaya Bank and Dena Bank with itself. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1,000 shares held. In case of Dena Bank, its shareholders will get 110 shares for every 1,000 shares of BoB. | |
| 447. |
Which banks signs a bancassurance pact with SBI Life Insurance to offer a comprehensive financial planning solution to its customers? |
| Answer» Syndicate Bank and SBI Life Insurance signed a bancassurance pact aiming to offer a comprehensive financial planning solution to its customers. The pact was signed between Syndicate Bank MD & CEO, Mrutyunjay Mahapatra and MD and CEO of SBI Life, Sanjeev Nautiyal. Through the pact, Syndicate Bank will provide penetration in the market with its 3,000 branches and SBI Life's diverse range of protection, wealth creation and savings insurance products will be brought to the table to the customers. | |
| 448. |
SBFC and this bank signed a Memorandum of Understanding to provide loans worth Rs. 1 crore to MSMEs for 15-year tenure. |
| Answer» ICICI Bank signed a Memorandum of Understanding (MoU) with Small Business FinCredit India Pvt Ltd (SBFC) on 4 January 2019. Under the MoU, it will jointly provide loans worth up to Rs 1 crore to the Micro, Small and Medium Enterprises (MSMEs). ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio. The loans of up to Rs 1 crore is for a tenure of 15 years. | |
| 449. |
The government has amalgamated how many Regional Rural Banks into a single RRB? |
| Answer» The government has amalgamated three Regional Rural Banks - Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank - into a single RRB. The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National Bank, State Bank of India and Punjab and Sind Bank. | |
| 450. |
Srei Equipment Finance and this bank entered into an agreement for financing the Micro, Small and Medium enterprises (MSME) and agriculture sector. |
| Answer» The United Bank of India (UBI) and Srei Equipment Finance have entered into an agreement for financing the Micro, Small and Medium enterprises (MSME) and agriculture sector. Under the agreement UBI plans to leverage the co-lending model to offer credit at blended interest rate of 11-12 per cent. The Bank will leverage low its low cost loans with Srei Equipment finance to enable purchase of equipment and vehicle in the seamless manner. The Bank is eying around 200 crore business over the period of three months by this agreement. | |