Which Bank the launch of "Fincluvation" to Encourage Startups to Develop Financial Products?

State Bank of India

Central Bank of India

India Post Payments Bank

Union Bank of India

Correct Answer : India Post Payments Bank

* On the occasion of the 75th anniversary of Indian Independence & ongoing Azadi ka Amrit Mahotasav, India Post Payments Bank (IPPB), a 100% government owned entity under Department of Posts (DoP) announced the launch(21st Apr 2022) of Fincluvation– a joint initiative to collaborate with Fintech Startup community to co-create and innovate solutions for financial inclusion.

* Aim : To co-create and innovate solutions for financial inclusion.

* Start-ups will develop solutions and tailored products and services for customers.

* IPPB launched: September 1, 2018

* CEO of IPPB: J Venkatramu; Headquarters : New Delhi

Source : PIB

Published On : April 22, 2022

Recent Updates in Banking - General Knowledge Questions

Q .

Which bank appointed Amitava Chatterjee as its new MD & CEO, effective December 30, 2024?

Axis Bank

J&K Bank

State Bank of India

Punjab National Bank

Correct Answer : J&K Bank

* Amitava Chatterjee, previously serving as Deputy Managing Director at State Bank of India, has been appointed as the new Managing Director and Chief Executive Officer of J&K Bank.

* He will succeed Baldev Prakash, whose term concludes on December 29, 2024. Chatterjee's tenure as MD & CEO will span three years, beginning December 30, 2024.

Published On : December 27, 2024

Category : Banking

Q .

Which bank partnered with Tata Power Renewable Energy to provide financing for rooftop solar installations under the PM Surya Ghar Scheme?

SBI

HDFC Bank

Bank of Baroda

Canara Bank

Correct Answer : Canara Bank

* Tata Power Renewable Energy has partnered with Canara Bank to offer affordable loans for rooftop solar installations as part of the PM Surya Ghar Scheme.

* This initiative provides financing options with favorable terms, including low-interest rates and long repayment periods, for systems ranging from up to 3 kW to 10 kW capacity.

* The collaboration aims to promote clean energy adoption, supporting India’s renewable energy targets and enabling residential customers to transition to sustainable energy solutions.

Published On : December 22, 2024

Category : Banking

Q .

Which bank collaborated with Times Internet to launch the 'Times Black Credit Card'?

ICICI Bank

Axis Bank

SBI Bank

HDFC Bank

Correct Answer : ICICI Bank

* ICICI Bank partnered with Times Internet to introduce the ‘Times Black ICICI Bank Credit Card,’ a super-premium co-branded card targeting high-net-worth individuals (HNIs) in India.

* Designed with a unique metallic finish, it incorporates exclusive benefits such as global lounge access, concierge services, and a rewards program, catering to the luxurious lifestyle of affluent customers.

Published On : December 22, 2024

Category : Banking