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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. Which country attends OIC Meet for 1st Time in Abu Dhabi?

    • Options
    • A. Brazil
    • B. Germany
    • C. Singapore
    • D. India
    • Discuss
    • 2. Name the world's rarest giant softshell turtle that passed away in Suzhou Zoo,China.

    • Options
    • A. Yangtze
    • B. Iberian
    • C. Coahuilan
    • D. Alpaca
    • Discuss
    • 3. Name the initiative launched by Microsoft to preserve traditional weaving forms in India.

    • Options
    • A. Weavedraft
    • B. WeaveIt
    • C. Antaran
    • D. ReWeave
    • Discuss
    • 4. Recently with which state governemet Renault Nissan settles tax dispute?

    • Options
    • A. Tamil Nadu
    • B. Kerala
    • C. Andra Pradesh
    • D. Haryana
    • Discuss
    • 5. Name the author of the book titled 'The Ocean at the End of the Lane' who was recently appointed as UNHCR Goodwill Ambassador.

    • Options
    • A. Salman Rushdie
    • B. Douglas Adams
    • C. Julian Barnes
    • D. Neil Gaiman
    • Discuss
    • 6. The book "The man who could never say No" has been authored by whom?

    • Options
    • A. N N Saxena
    • B. Vikram Seth
    • C. S Muthiah
    • D. Gopalkrishna Gandhi
    • Discuss
    • 7. Which movie has won the Best Film award in the 64th National Awards-2017?

    • Options
    • A. Rustom
    • B. Ventilator
    • C. Kasaav
    • D. Neerja
    • Discuss
    • 8. Which of the following initiation of the Rotary Club of Madras North provides sanitary napkins to the students?

    • Options
    • A. Project Suvidha
    • B. Project Puthuyugam
    • C. Project Sangini
    • D. Project Kannamma
    • Discuss
    • 9. Which team won the Women's World Twenty20 title?

    • Options
    • A. West Indies
    • B. Australia
    • C. England
    • D. New Zealand
    • Discuss
    • 10. With whom Indian Army signed an MoU to build tunnels on China, Pakistan borders?

    • Options
    • A. NTPC
    • B. ONGC
    • C. NHPC
    • D. THDC Ltd
    • Discuss


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