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  • Question
  • Which bank Card raised Rs. 700 crore from banks and financial institutions to grow above industry average?


  • Options
  • A. SBI Card
  • B. Kotak Mahindra Bank Card
  • C. Yes Bank Card
  • D. Dena Bank Card

  • Correct Answer
  • SBI Card 

    Explanation
    SBI Card raised Rs. 700 crore from various financial institutions including its parent SBI (State Bank of India) in the 2nd half of FY19 (Financial Year) to grow above the industry average. SBI Cards and Payment Services Pvt. Ltd (SBI Card) raised Rs. 100 crore from ICICI Securities Primary Dealership Ltd, Rs. 250 crore from State Bank of India and Rs. 50 crore each from Canara Bank and Axis Bank by issuing NCDs (Non Convertible Debentures) at 9.15% coupon. SBI Card also raised additional Rs. 250 crore from Axis Bank through a coupon of 9.55%. The Rs. 700 crore fundraise is part of SBI Card's plan to raise Rs. 1,500 crore in a few tranches.

  • More questions

    • 1. World Veterinary Day 2019 is observed on 28th Apri. It's theme is;

    • Options
    • A. Value of Vaccination
    • B. The role of the veterinary profession in sustainable development to improve livelihoods.
    • C. Antimicrobial Resistance
    • D. Give food security and safety
    • Discuss
    • 2. What is the theme for International Day of Remembrance of the Victims of Slavery and the Transatlantic Slave Trade 2019?

    • Options
    • A. Remember Slavery: Triumphs and Struggles for Freedom and Equality
    • B. Women and Slavery
    • C. Remember Slavery: The Power of the Arts for Justice
    • D. Breaking the Silence, Lest We Forget
    • Discuss
    • 3. Who introduced a road safety robot named ROADEO?

    • Options
    • A. Hyderabad Traffic Police
    • B. Delhi Traffic Police
    • C. Bengaluru Traffic Police
    • D. Chennai Traffic Police
    • Discuss
    • 4. How many submarines will be contructed by DAC with the worth of Rs40000 cr?

    • Options
    • A. 5
    • B. 6
    • C. 8
    • D. 10
    • Discuss
    • 5. Which state government launched the Mukhyamantri Parivar Samman Nidhi scheme for farmers?

    • Options
    • A. Haryana
    • B. Punjab
    • C. Gujarat
    • D. Jharkhand
    • Discuss
    • 6. ISRO launched an initiative for students to engage them on space science activities. It was named as;

    • Options
    • A. Space
    • B. Sansad
    • C. Samwad
    • D. Sangrah
    • Discuss
    • 7. The government has slashed the minimum annual deposit requirement for accounts under the Sukanya Samriddhi Yojana (SSY) to __________ from Rs 1,000.

    • Options
    • A. Rs 350
    • B. Rs 500
    • C. Rs 250
    • D. Rs 400
    • Discuss
    • 8. How many countries have been tagged as "high-risk jurisdictions" by global bank?

    • Options
    • A. 10
    • B. 18
    • C. 25
    • D. 32
    • Discuss
    • 9. The scientists of which country have successfully created the first-ever artificial crater on an asteroid 'Ryugu'?

    • Options
    • A. United States
    • B. Japan
    • C. China
    • D. Australia
    • Discuss
    • 10. How many Indian Navy Ship will take part in Chinese Navy's 70th anniversary celebrations?

    • Options
    • A. 3
    • B. 2
    • C. 5
    • D. 4
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