Discussion
Home ‣ Current Affairs ‣ Banking Comments
- Question
Which of the following banks have been designated as the RBI's list of D-SIBs?
Options- A. PNB, BoB, Dena Bank
- B. SBI, BoB and ICICI Bank
- C. HDFC, Yes, and Axis Bank
- D. SBI, ICICI and HDFC
- Correct Answer
- SBI, ICICI and HDFC
ExplanationThe State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)'s list of Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs are required to maintain higher capital as compared to other banks. It means that these banks are too big to fail and failure of any of these banks will have cascading effect on Indian financial system. The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs). SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure. - 1. BSE has signed a memorandum of understanding with which of the following bank to strengthen the BSE Startups platform?
Options- A. ICICI Bank
- B. HDFC Bank
- C. Axis Bank
- D. SBI Bank Discuss
- 2. As per Forbes World's Best Bank survey, which bank has been identified as number 1 bank by customers in India?
Options- A. Axis Bank
- B. SBI Bank
- C. HDFC Bank
- D. ICICI Bank Discuss
- 3. Name the India's largest bank which has signed an MoU with the Bank of China to boost business opportunities.
Options- A. Canara Bank
- B. State Bank of India
- C. ICICI Bank
- D. Bank of India Discuss
- 4. Karnam Sekar has been appointed as the MD and CEO of this bank, recently.
Options- A. Canara Bank
- B. Vijaya Bank
- C. Indian Overseas Bank
- D. KVB Bank Discuss
- 5. Which bank celebrated its 114th Foundation Day on 12th March 2019?
Options- A. Indian Bank
- B. ICICI Bank
- C. Corporation Bank
- D. Canara Bank Discuss
- 6. Which bank received a capital infusion of Rs 5,042 Crore from the government, recently?
Options- A. IDBI Bank
- B. Dena Bank
- C. Bank of Baroda
- D. Union Bank of India Discuss
- 7. Which Bank has introduced a new interest rate to RBI's Repo Rate?
Options- A. ICICI Bank
- B. Indian Bank
- C. Axis Bank
- D. State Bank of India Discuss
- 8. The first Destination Bank to launch debit card based e-mandates On NPCIs E-Mandate API Platform.
Options- A. Syndicate Bank
- B. IDBI Bank
- C. RBL Bank
- D. Kotak Mahindra Bank Discuss
- 9. Name the Non-banking finance company withdrew a release which has issued earlier regarding securing Rs 695 crore debt funding from NABARD.
Options- A. Muthoot Finance Ltd
- B. Mahindra & Mahindra Financial Services Limited
- C. Manappuram Finance
- D. Bajaj Finance Limited Discuss
- 10. Which of the following bank has been categorized as a private sector lender following the acquisition of majority stake by Life Insurance Corporation?
Options- A. Axis Bank
- B. HDFC Bank
- C. IDBI Bank
- D. Punjab National Bank Discuss
Banking problems
Search Results
Correct Answer: HDFC Bank
Explanation:
The BSE has signed a memorandum of understanding (MoU) with HDFC Bank with an objective to strengthen the BSE Startups platform. The MoU has been signed to spread more awareness on the benefits of the listing of startups on this BSE startup platform. The exchange had launched the startup platform in December, with an aim to encourage entrepreneurs to get listed and raise equity capital for their growth and expansion.
Correct Answer: HDFC Bank
Explanation:
HDFC Bank has been identified as number 1 bank by customers in India, as per Forbes World's Best Bank survey. In the first edition of this survey, Forbes partnered with market research firm Statista to measure the best banks in 23 countries. HDFC Bank emerged as India's No 1 bank. ICICI Bank was at number 2 and SBI was surprisingly ranked 11th in the list. Customers were asked to rate banks on overall recommendation and satisfaction, as well as 5 key attributes or 'sub-dimensions' namely trusts, terms & conditions, customer services, digital services and financial advice.
Correct Answer: State Bank of India
Explanation:
The country's largest lender State Bank of India has signed a pact with the Bank of China to boost business opportunities. SBI has signed an MoU to enhance business synergies between both the banks. Through this pact, both SBI and BoC will gain direct access to their respective markets of operation. Both banks' clients will be able to use the vast combined network to expand their businesses abroad. SBI has a branch in Shanghai and BOC is opening its branch in Mumbai.
Correct Answer: Indian Overseas Bank
Explanation:
The government has announced that Karnam Sekar (MD and CEO of the erstwhile Dena Bank) will take over as MD and CEO of Indian Overseas Bank from July 1. His term will end in June 2020. Also, R A Sankara Narayanan (former MD and CEO of Vijaya Bank) will move to Canara Bank as MD and CEO. His term will end in January 2020.
Correct Answer: Corporation Bank
Explanation:
Corporation Bank celebrated its 114th Foundation Day on 12th March at various centres of the bank across the nation and undertook 114 Corporate Social Responsibility (CSR) activities to mark the day. CEO and MD for the bank P.V Bharathi, Executive Directors Gopal Murli Bhagat and Birupaksha Mishra and other senior officials were present at the occasion. Corp Ease- which is a mobile banking app in 10regional languages, was launched by P.V Bharathi.
Correct Answer: Bank of Baroda
Explanation:
The government has decided to infuse a capital of 5,042 crore rupees into state-owned Bank of Baroda ahead of its merger with two other public sector lenders Dena Bank and Vijaya Bank,with Bank of Baroda which would be effective from 1st April 2019.With this initiative, the share price of Bank of Baroda rose 6.21% to 129.10 compared to the previous close of 121.55 on BSE (Bombay Stock Exchange).According to the Scheme of Amalgamation, shareholders of Vijaya Bank and Dena Bank will get 402 equity shares and 110 equity shares of BoB respectively for every 1,000 shares held.
Correct Answer: State Bank of India
Explanation:
India's largest bank State Bank of India has moved to a new interest rate regime on large savings account deposits as well as short-term loans. Earlier, SBI had announced that it will link its interest rate on savings account with a balance above Rs1 lakh and short-term loans like overdraft and cash credit facility to Reserve Bank of India's repo rate, effective 1 May 2019. The interest rates on large SBI savings account deposits and interest rate on some short-term loans will automatically change as and when RBI changes its repo rate. This will help in better transmission of RBI's policy rates into the banking system.
Correct Answer: Kotak Mahindra Bank
Explanation:
Kotak Mahindra Bank is the first debit card based authentication solution on NPCI's (National Payments Corporation of India) e-Mandate (electronic mandate) API (Application Program Interface) platform first ever Destination Bank to go live with both Net Banking and Debit Card-based e-mandate authentication. The main objective of this initiative is to enable Kotak customers to create electronic mandates (similar to the former eNACH with Aadhaar + OTP) (eNACH- Electronic National Automated Clearing House; OTP- One Time Password) via both debit card and net banking provision. As API based e-mandates are customer-friendly, fast, frictionless and paperless, the initiative would help in making its customers' lives hassle free for handling recurring payments.
Correct Answer: Manappuram Finance
Explanation:
Manappuram Finance, a Non-banking finance company withdrew a release which had issued earlier regarding securing Rs 695 crore debt funding from NABARD.Previously this Rs 695 crore funding will agree to use for priority sector lending.
Correct Answer: IDBI Bank
Explanation:
As per RBI notification, IDBI Bank has been categorized as a private sector lender following the acquisition of majority stake by Life Insurance Corporation. IDBI Bank has been under the prompt corrective action framework of RBI that bans it from corporate lending and branch expansions, salary hikes and other regular activities. In January 2019, LIC completed the process of picking up a controlling 51% stake in the nearly crippled IDBI Bank. IDBI Bank has been categorized as a 'private sector bank' with effect from January 21, 2019.
Comments
There are no comments.Programming
Copyright ©CuriousTab. All rights reserved.