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- Question
Name the Bank which became the second largest public sector undertaking (PSU) bank.
Options- A. Axis Bank
- B. Bank of Baroda
- C. Union Bank of India
- D. Dena Bank
- Correct Answer
- Bank of Baroda
ExplanationBank of Baroda (BoB) became the second largest public sector undertaking (PSU) bank after merging Dena Bank and Vijaya Bank into itself as part of the first three-way amalgamation. BoB is now the third-largest bank after State Bank of India (SBI) and HDFC Bank. Following the merger, the number of PSBs has come down to 18. The consolidated bank will have over 9,500 branches, 13,400 ATMs, 85,000 employees to serve 12 crore customers. The bank will have a business mix of Rs 15 lakh crore of balance sheet, with deposits and advances of Rs 8.75 lakh crore and Rs 6.25 lakh crore, respectively. Post-amalgamation, the bank will have a 22 per cent market share in Gujarat and 8-10 per cent market share in Maharashtra, Karnataka, Rajasthan and Uttar Pradesh. - 1. Which bank appointed KVS Manian, Gaurang Shah as board directors?
Options- A. IDBI Bank
- B. Yes bank
- C. Kotak mahindra Bank
- D. Dena Bank Discuss
- 2. The First Public Sector Bank in India to Meet RBI's EMV Mandate is;
Options- A. Canara Bank
- B. Syndicate Bank
- C. Indian Overseas Bank
- D. Oriental Bank of Commerce Discuss
- 3. Which bank will merge with Indiabulls Housing Finance?
Options- A. Lakshmi Vilas Bank
- B. Karur Vysya Bank
- C. Kotak Mahindra Bank
- D. City Union Bank Discuss
- 4. Which bank has launched an Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region?
Options- A. Asian Development Bank
- B. International Monetary Fund
- C. Islamic Development Bank
- D. European Bank for Reconstruction and Development Discuss
- 5. How much billionis accepted by Reserve Bank of India(RBI) from banks at its currency swap auction to ease liquidity?
Options- A. $2 billion
- B. $4 billion
- C. $5 billion
- D. $7 billion Discuss
- 6. Which bank raised Rs.660 crore by selling shares to employees under Employee Share Purchase Scheme (ESPS)?
Options- A. Syndicate Bank
- B. Punjab National Bank
- C. Union Bank of India
- D. Bank of India Discuss
- 7. RBI denies a proposal to change the name of this bank.
Options- A. IDBI Bank
- B. Yes Bank
- C. Dena Bank
- D. Vijaya Bank Discuss
- 8. Exim Bank gives loans worth __________ million for projects in Rwanda.
Options- A. 225$
- B. 244$
- C. 267$
- D. 275$ Discuss
- 9. Artificial Intelligence based HR solutions provider, Talocity to enable Touchless hiring for __________.
Options- A. Axis Bank
- B. Yes Bank
- C. HDFC Bank
- D. SBI Bank Discuss
- 10. Which bank has signed BEML Limited (Bharat Earth Movers Limited) for financing Earth Moving and Construction Equipment?
Options- A. Bank of Baroda
- B. UCO Bank
- C. Syndicate Bank
- D. Punjab National Bank Discuss
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Search Results
Correct Answer: Kotak mahindra Bank
Explanation:
KVS Manian and Gaurang Shah appointed as Kotak Mahindra Bank's whole-time directors for a three-year term effective from the date of approval from the Reserve Bank of India. He is currently working as the president - corporate, an investment bank and Gaurang Shah is the president- group chief risk officer of the bank.
Correct Answer: Canara Bank
Explanation:
ACI Worldwide, a global provider of real-time electronic payment and banking solutions, announced that Canara Bank has successfully rolled out major new functionality to support EMV card acquiring across its ATM network and Aadhaar Authentication, leveraging ACI's UP Retail Payments solution to achieve market firsts. Canara Bank, with nearly 6,300 branches and a network of more than 10,000 ATMs, is the first public sector bank to shift to EMV chip and PIN for card present transactions across the country's vast ATM network.
Correct Answer: Lakshmi Vilas Bank
Explanation:
The board of Lakshmi Vilas Bank approved a share swap acquisition by housing finance firm Indiabulls Housing Finance. The merged entity, Indiabulls Lakshmi Vilas Bank, will be among the top eight private banks by size and profitability. The merger will need the approval of the Reserve Bank of India and other regulators. As per the share swap ratio for the merger, for every 100 shares of Lakshmi Vilas Bank shareholders will get 14 shares of Indiabulls Housing Finance.
Correct Answer: Asian Development Bank
Explanation:
Asian Development Bank (ADB) launched 5$ billion Action Plan for Healthy Oceans and Sustainable Blue Economies for the Asia and Pacific region. This will support ADB's developing member countries' efforts for achieving the Sustainable Development Goals (SDGs), inclusive of the SDG 14: Life Below Water. Among the 10 rivers that transports 88% to 95% of plastics into the sea globally, 8 are in Asia and Pacific region. The Healthy Oceans Action Plan was launched at the 52nd Annual Meeting of ADB's Board of Governors, Fiji.
Correct Answer: $5 billion
Explanation:
Reserve Bank of India received a huge response for introducing a $5-billion swap facility for the banks to facilitate permanent liquidity support.To ease the liquidity crunch, Reserve Bank of India will buy dollars from banks for three years and offer them rupees in return, which will bulk up the central bank's foreign-exchange reserves while injecting cash into the banking system.Banks offered $16.31 billion at the auction against the notified amount of $5 billion for the rupee-dollar swaps and out of this $16.31 billion received via 240 offers by market participants, the RBI accepted $5.02 billion via 89 offers.
Correct Answer: Bank of India
Explanation:
State-owned Bank of India (BoI) raised Rs.660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The bank issued 6,25,52,188 shares of Rs.10 each to eligible employees. The Bank offered a discount of 24.28% on the applicable price to the employees and about 94.70% of total employees participated.
Correct Answer: IDBI Bank
Explanation:
The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of a controlling 51% stake to LIC, insurance behemoth, from the government of India. The board of IDBI Bank had, last month, sought the RBI's approval for a change in the name of the lender to either LIC IDBI Bank or LIC Bank following the takeover by Life Insurance Corporation (LIC). However, RBI did not elaborate on the reasons for denial by the regulator for changing the name.
Correct Answer: 267$
Explanation:
The Reserve Bank of India (RBI) notified that Exim Bank has proffered soft loans worth 266.6$ million to Rwanda for various projects. The funding for the projects has been done in 3 distinct tranches. The projects are for supporting agricultural projects; for the development of Special Economic Zones (SEZs); for financing road projects in Rwanda. Exim Bank, according to the agreement will provide $100 million to finance the development of 2 SEZs, as well as for the expansion of the Kigali SEZ in Rwanda.
Correct Answer: Yes Bank
Explanation:
Artificial Intelligence based HR solutions provider, Talocity will provide Yes Bank its touchless technology in hiring process for Yes bank. This is done to enhance the hiring process with unbiased HR outcomes and to attain high-quality talent. In the process of recruitment, candidates are interviewed by an AI bot on a one-way video platform. Talocity's machine learning and AI capabilities will create personality report of each job applicant. This creates a unique evaluation platform which is effective without any human involvement and helpful in large volume hiring.
Correct Answer: Syndicate Bank
Explanation:
Syndicate Bank and BEML Limited (Bharat Earth Movers Limited) have signed an agreement for financing Earth Moving and Construction Equipment which is manufactured by BEML. Also, it will facilitate the availability of loans and address the growing demand for higher capacity equipment in the Mining Industry.Under this agreement, the customers will be provided loans in the range of Rs 20 Lakh to Rs 300 Lakh and preferential pricing by Syndicate Bank. Also, Syndicate Bank and BEML expect to book business worth Rs.100 crore by March 2020.
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