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- Question
Which banks has become the first Destination Bank to launch debit card-based e-mandate on NPCI's API platform?
Options- A. ICICI Bank
- B. Kotak Mahindra Bank
- C. HDFC Bank
- D. Axis Bank
- Correct Answer
- Kotak Mahindra Bank
ExplanationThe Kotak Mahindra Bank (KMB) has become the first Destination Bank to go live with Net Banking and Debit Card-based authentication solution on NPCI's e-Mandate API platform. The facility will enable its customers to create electronic mandates (similar to the erstwhile eNACH with Aadhaar + OTP) via both the Debit Card and Net Banking channels. This allows Kotak to go live as a sponsor or acquirer bank for corporates and merchants seeking recurring payments. In a first-of-its-kind initiative in the industry, customers can register both physical and e-mandates on a single platform with validation on the mandate fields to remove rejections on account of various reasons. - 1. Rajesh Yaduvanshi is appointed as Executive Director of this bank.
Options- A. Bank of Baroda
- B. Axis Bank
- C. Punjab National Bank
- D. IDBI Bank Discuss
- 2. Name of the financial company that launched a unique proposition to pay electricity bill on EMIs.
Options- A. SBI Capital Markets
- B. Bajaj Finserv
- C. Birla Global Finance Limited
- D. LIC Finance Limited Discuss
- 3. Which bank plans to to raise up to Rs.50,000 crore by issuing bonds?
Options- A. Axis Bank
- B. ICICI Bank
- C. Kotak Mahindra Bank
- D. HDFC Bank Discuss
- 4. Who proposed strict rules on opening and running of current accounts of corporate borrowers in order to tackle fund diversion?
Options- A. Reserve Bank of India
- B. Dena Bank
- C. Canara Bank
- D. State Bank of India Discuss
- 5. 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 Discuss
- 6. Which of the following Bank has raised Rs.1,251.30 crore by issuing Basel III-compliant bonds?
Options- A. IDBI
- B. Axis
- C. SBI
- D. HDFC Discuss
- 7. The RBI cut its repo rate by 25 basis points to __________ in its first bi-monthly policy review of 2019-20.
Options- A. 18%
- B. 12%
- C. 7.5%
- D. 6% Discuss
- 8. Which bank has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers?
Options- A. Axis Bank
- B. ICICI Bank
- C. HDFC Bank
- D. State Bank of India Discuss
- 9. The World Bank and the International Monetary Fund (IMF) have launched a private blockchain and quasi-crypto currency called __________.
Options- A. Quasi Coin
- B. Learning Coin
- C. Block Coin
- D. Smart Coin Discuss
- 10. Canara HSBC Oriental Bank of Commerce Life Insurance Company and this bank -launched 'Webassurance', recently.
Options- A. HDFC Bank
- B. Canara Bank
- C. Punjab National Bank
- D. Axis Bank Discuss
Banking problems
Search Results
Correct Answer: Punjab National Bank
Explanation:
Punjab National Bank (PNB) appointed Rajesh Kumar Yaduvanshi as the Executive Director of the bank. Rajesh Kumar Yaduvanshi joined PNB as a management trainee in 1985. He is equipped with an experience of 34 years in the banking career and is a certified associate member of Indian Institute of Bankers. In the past, he had worked with Dena Bank in the capacity of the Executive Director. He holds a doctorate in science from Indian Agricultural Research Institute, (IARI) New Delhi.
Correct Answer: Bajaj Finserv
Explanation:
A unique proposition to pay electricity bill on EMIs launched by Bajaj Finserv through its lending arm Bajaj Finance Ltd. through the campaign of #BijliOnEMI. Customers can avail an Insta Credit loan in their Bajaj Finserv Wallet to pay their electricity bills on EMI. Bajaj Finance Ltd. financed the purchase of over 12 lakh air conditioners across our country in the year 2018. Bajaj Finance Ltd launched this campaign and customers buying air conditioners of Rs 20,000 and above will be eligible for Rs 5000 Instant Credit loan and for the air conditioners above Rs 40,000 will receive Rs 7000 Instant Credit loan to their Wallet.
Correct Answer: HDFC Bank
Explanation:
Private lender HDFC Bank said it is planning to raise up to Rs.50,000 crore this fiscal by issuing bonds on private placement basis. It will raise funds by issuing perpetual debt instruments [part of additional tier I capital], tier II capital bonds and long-term bonds [financing of infrastructure and affordable housing] up to a total amount of Rs.50,000 crore in the period of next 12 months through private placement mode. The bank would consider the proposal on April 20.
Correct Answer: Reserve Bank of India
Explanation:
According to a report by The Economic Times, India's Central Bank, the Reserve Bank of India (RBI) would tighten rules on opening and operating current accounts of corporate borrowers to prevent the diversion of funds. sRBI had notified that the banks with collection accounts will have to transfer funds to the current account and the current accounts could be opened only with the lead bank of a lending association. The rules would be applicable to corporates who have borrowed and used credit facilities of more than Rs 50 crore from the banking system.
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.
Correct Answer: SBI
Explanation:
State Bank of India (SBI) announced it had raised Rs.1,251.30 crore by issuing Basel III-compliant bonds. The Committee of Directors for Capital Raising, at its meeting on 22 March 2019, deliberated and accorded approval to allot 12,513 non-convertible, taxable, perpetual, subordinated, unsecured Basel III-compliant additional tier-I bonds, for inclusion in additional tier-I capital of the bank aggregating to Rs.1,251.30 crore. The bonds with a face value of Rs.10 lakh each bears a coupon rate of 9.45% per annum payable annually with a call option after 5 years or any anniversary date thereafter. The bonds were subscribed on 22nd March.
Correct Answer: 6%
Explanation:
The RBI cut its repo rate by 25 basis points to 6% in its first bi-monthly policy review of 2019-20. The decision comes a week before the election starts on April 11. The central bank had reduced the benchmark lending rate by 25 basis points in February after an 18-month gap. The reverse repo rate, too, was lowered from 6% to 5.75%. The bank rate was fixed at 6.25%. What is Repo rate? Repo rate refers to the rate at which commercial banks borrow money from the Reserve Bank of India (RBI) in case of shortage of funds.
Correct Answer: State Bank of India
Explanation:
State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers. Eligible customers can avail this service at a nominal fee of 100 rupees per transaction for financial transactions and 60 rupees for non-financial transactions. Doorstep banking services are available to KYC- compliant account holders, with a valid mobile number registered with the bank and residing within 5 kilometers radius from their home branch. This service will not be available for accounts operated jointly, minor accounts, and accounts of non-personal nature.
Correct Answer: Learning Coin
Explanation:
Two international financial institutions the World Bank and the International Monetary Fund (IMF) have launched a private blockchain and quasi-crypto currency called as "Learning Coin" for better understanding of blockchain technology and the function of crypto assets. The asset will only be available for use within the IMF and the World Bank. It has no monetary value, means it is not a true cryptocurrency. After the testing period, the IMF and the World Bank may use blockchain technology to create smart contracts, fight money laundering, and improve transparency.
Correct Answer: Canara Bank
Explanation:
Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched 'Webassurance' to enable its customers to purchase life insurance in a convenient and hassle-free way. Total Four life insurance products of Canara HSBC OBC Life would be made available to its customers with various facilities like key needs of child future, savings, and investments, retirement planning and protection. This Life Insurance is jointly owned by Canara Bank (51 percent) and Oriental Bank of Commerce (23 percent) and HSBC Insurance Holdings (26 percent), the Asian insurance arm of HSBC.
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