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- Question
Which bank has slipped down and attains 10th spot as most valued bank?
Options- A. Bank of Baroda
- B. HDFC Bank
- C. Kotak Mahindra Bank
- D. Yes Bank
- Correct Answer
- Yes Bank
ExplanationFor the 1st time, private lender YES Bank Ltd, in terms of market valuation, has slipped by 3 levels to come down to the 10th spot. The position of the bank has come down due to its shares collapsing over 30% in the last 4 sessions after YES bank had reported a net loss of Rs. 1500 crore in its March quarter earnings. The most valued Indian bank with a market cap of Rs. 6.34 trillion is HDFC Bank Ltd. This is followed by (SBI) State Bank of India and Kotak Mahindra Bank with market cap of Rs 2.76 trillion and Rs 2.68 trillion, respectively. Shares of YES Bank were down 5.3% at Rs.166.30 on the 6th of May, 2019 and its market capitalization was Rs. 38,515.71 crore. - 1. For which bank Reserve Bank of India has slapped a penalty of Rs 2 crore for non-compliance of regulatory directions?
Options- A. IDBI Bank
- B. Bank of Baroda
- C. Punjab National Bank
- D. Syndicate Bank Discuss
- 2. Which financial institution has imposed fines on prepaid payment instrument issuers for violating norms?
Options- A. SIDBI
- B. RBI
- C. NHB
- D. WB Discuss
- 3. ICICI Prudential Mutual Fund launched ICICI Prudential Bharat Consumption Scheme to get advantage from the Indian consumption market. The minimum investment of this scheme is;
Options- A. Rs 2,000
- B. Rs 35000
- C. Rs 4,000
- D. Rs 5,000 Discuss
- 4. This bank raises Rs 487 crore through private placement of Tier II bonds.
Options- A. Kotak Mahindra Bank
- B. Indian Overseas Bank
- C. Karur Vysya Bank
- D. Federal Bank Discuss
- 5. This bank crossed the Rs.6 trillion market capitalization after TCS and RIL.
Options- A. ICICI Bank
- B. HDFC Bank
- C. Axis Bank
- D. Yes Bank Discuss
- 6. Name the Bank which got RBI approval for holding up to 9.9 percent stake in Bandhan Bank.
Options- A. SBI
- B. Yes
- C. Axis
- D. HDFC Discuss
- 7. Which of the following financial service company won the Celent Model Bank 2019 Award?
Options- A. Equitas Small Finance Bank
- B. Ujjivan Small Finance Bank
- C. AU Small Finance Bank
- D. Fincare Small Finance Bank Discuss
- 8. Which bank receives NCLT approval for merger with Bharat Financial Inclusion?
Options- A. RBL Bank
- B. Kotak Mahindra Bank
- C. IndusInd Bank
- D. IDBI Bank Discuss
- 9. Which bank has reduced its benchmark lending rate by 0.05% points?
Options- A. Syndicate Bank
- B. Union Bank of India
- C. Allahabad Bank
- D. Bank of India Discuss
- 10. What is the new Repo Rate revised by the six-member monetary policy committee chaired by RBI Governor Shaktikanta Das?
Options- A. 6.00%
- B. 6.25%
- C. 5.75%
- D. 6.50% Discuss
Banking problems
Search Results
Correct Answer: Punjab National Bank
Explanation:
The Reserve Bank of India has slapped a penalty of Rs 2 crore on Punjab National Bank for non-compliance of regulatory directions with regard to SWIFT operations. SWIFT is a global messaging software used for sharing information on inter-bank transactions by financial entities.
Correct Answer: RBI
Explanation:
The Reserve Bank of India on May 3, 2019 announced that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms.
Correct Answer: Rs 5,000
Explanation:
ICICI Prudential Mutual Fund launched ICICI Prudential Bharat Consumption Scheme to get advantage from the Indian consumption market, which is considered as one of the fastest growing consumption markets globally. Nifty India Consumption Index is the benchmark for the Scheme. It will be managed by Rajat Chandak, Dharmesh Kakkad and Priyanka Khandelwal will manage the overseas investments. Minimum investment of this scheme is Rs 5,000 and in multiples of one rupee thereafter. Penalty for leaving the scheme is 1 percent if investments are redeemed within 12 months from the date of allotment.
Correct Answer: Karur Vysya Bank
Explanation:
Karur Vysya Bank announced that it has raised Rs 487 crore through Basel-III compliant bonds for funding its growth plans. The decision was taken in the Capital Raising Committee of the board. The committee allotted 48,700 BASEL-III compliant unsecured, redeemable, non-convertible tier-II bonds of Rs 1,00,000 each, totalling to Rs 487 crore and the capital raising was done on private placement basis. The instrument will be listed on NSE.
Correct Answer: HDFC Bank
Explanation:
HDFC Bank Ltd crossed the Rs6 trillion market capitalization mark for the first time, making it only the third Indian firm-after Tata Consultancy Services Ltd (TCS) and Reliance Industries Ltd (RIL)-to achieve the milestone. RIL is the most valued company in India with a market cap of Rs8.50 trillion, followed by TCS at Rs7.48 trillion.
Correct Answer: HDFC
Explanation:
The Reserve Bank of India (RBI) has given its in-principle approval to Housing Development Finance Corporation (HDFC) Ltd for acquiring 9.9 per cent stake in Bandhan Bank following the Gruh Finance deal. Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January. After the deal was announced, HDFC made an application to the RBI for holding shares in Bandhan Bank. Recently RBI gave its approval to HDFC to acquire the shareholding of up to 9.9 per cent of the paid-up capital of Bandhan Bank upon the effective date of the scheme of amalgamation.
Correct Answer: Fincare Small Finance Bank
Explanation:
Fincare Small Finance Bank (SFB) honoured with the prestigious Celent Model Bank 2019 Award in Financial Inclusion category, for 'Redesigning Lending to Reach Small Businesses'. The award recognizes LAP (Loans against Property) D.Lite, which is a tab-based solution designed and developed in-house by Fincare SFB for instant underwriting of loans against property targeted at micro and small enterprises. The Award was announced on its 12th anniversary in 2019 and was organized by Celent in New York. The other banks to receive the award in other categories were Bank of America, CIBC, Fidor Bank, HSBC, Rabobank, and Santander.
Correct Answer: IndusInd Bank
Explanation:
National Company Law Tribunal (NCLT) approved merger of private sector lender IndusInd Bank with Bharat Financial Inclusion (BFIL), a microfinance company. Last year, IndusInd Bank received 'No Objection' from Reserve Bank of India, National Stock Exchange and Bombay Stock Exchange As per the report, the merger is expected to complete within 2-4 weeks. IndusInd Bank Ltd's share price is currently at Rs1,686.85, up by Rs32.25 or 1.95%, from its previous close of Rs1,654.60 on the BSE. The current market cap of the company is Rs 99,750.17crores.
Correct Answer: Allahabad Bank
Explanation:
State-owned Allahabad Bank announced a reduction in benchmark lending rate by 0.05 percentage points across various tenors. The marginal cost of funds-based lending rate (MCLR) for a one-year loan has been reduced to 8.60% from 8.65% effective May 14. Most of the loans including housing loans are benchmarked against MCLR for one year.
Correct Answer: 6.00%
Explanation:
The Reserve Bank of India (RBI) has cut its repo rate under Liquidity Adjustment Facility (LAF) by 25 basis points to 6.0% in its first bi-monthly policy statement of the current financial year FY20, with immediate effect. The move will cheer markets and investors and is the second consecutive rate cut by the RBI. It has also maintained the policy stance neutral and lowered the retail inflation and GDP forecasts. This is the second consecutive rate cut from RBI under new Governor Shaktikanta Das, after a rate cut in February 2019.
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