BANKING
A)
1,50,000
B)
1,75,000
C)
2,00,000
D)
2,50,000

Correct Answer : Option (A) - 1,50,000

Note :

Airtel Payments Bank has started rolling out 1.5 lakh micro ATMS in a phased manner across tier 2 cities and semi-urban regions to facilitate cash withdrawal for its customers, the company said on Wednesday(28th Sep 2022).
 
The Bank will gradually expand its service to cover more banking points in a phased manner.
 
The bank will leverage its strong network of over 5 lakh banking points across India to give users access to easy cash withdrawals through this initiative, it added.
 
The company has plans to finish the rollout of 1.5 lakh micro ATMs by the end of the current fiscal.
 
Airtel Payments Bank is now integrated with the National Payments Corporation of India's (NPCI) - National Financial Switch (NFS) to facilitate micro ATM transactions.
 
Airtel Payments Bank customers will be able to withdraw up to Rs 10,000 per transaction through the Micro ATMs..

Source : Business Standard

  Show Answer
A)
7%
B)
6%
C)
5%
D)
4%

Correct Answer : Option (A) - 7%

Note :

The Reserve Bank of India (RBI) on Friday(30th Sep 2022) cut its economic growth estimate for fiscal year 2023 to 7% from 7.2% forecast earlier.

While it expects GDP growth to drop to 4.6% in the third and fourth quarter, respectively, from the estimated 6.3% in the second quarter, the broad expectation is that economic activity will recover by the first quarter of the next fiscal year.
 
India’s central bank has lowered its growth estimates on risks emanating from geopolitical tensions, monetary policy tightening across nations and elevated inflation.

Global growth is expected to slow down from 6.1% in 2021 to 3.2% in 2022 as the outlook is “gloomy and more uncertain,” RBI Governor "Shaktikanta Das" said in his speech on Friday(30th Sep 2022).
 
Several rating agencies have also recently trimmed their annual growth rate projections after GDP growth rate fell short of expectations in the past quarters..

Source : Business Insider

  Show Answer
A)
5.50%
B)
5.90%
C)
6.36%
D)
6.80%

Correct Answer : Option (B) - 5.90%

Note :

RBI announced in the Monetary Policy Statement dated September 30, 2022, it has been decided by the Monetary Policy Committee (MPC) to increase the policy Repo rate under the Liquidity Adjustment Facility (LAF) by 50 basis points from 5.40 per cent to 5.90 per cent with immediate effect.
 
* Consequently, the standing deposit facility (SDF) rate and marginal standing facility (MSF) rate stand adjusted to 5.65 per cent and 6.15 per cent respectively, with immediate effect.
 
* All other terms and conditions of the extant LAF Scheme will remain unchanged..

Source : RBI

  Show Answer
A)
Apple
B)
Nokia
C)
Samsung
D)
Motorola

Correct Answer : Option (C) - Samsung

Note :

Samsung, a consumer electronics company, and Axis Bank have partnered to launch a co-branded credit card, powered by Visa
 
With the Samsung Axis Bank Credit Card, consumers will get 10% cashback across all Samsung products and services round the year. The 10% cashback offer through Samsung Axis Bank Credit Card will be over and above existing Samsung offers, on both EMI and non-EMI transactions.
 
Consumers can choose between two variants - Visa Signature and Visa Infinite.

On the Signature variant, cardholders can avail up to ₹10,000 cashback annually, with a monthly cashback limit of ₹2,500.

On the Infinite variant, cardholders can avail up to ₹20,000 cashback annually, with a monthly cashback limit of ₹5,000
 
There is no minimum transaction value, which means cardholders can get 10% cashback on the smallest of Samsung purchases. Additionally, cardholders will earn Edge Reward Points on spends made outside the Samsung Ecosystem..

Source : Mint
 

  Show Answer
A)
Indian Bank
B)
Bank of Maharashtra
C)
Central Bank of India
D)
Bank of Baroda

Correct Answer : Option (D) - Bank of Baroda

Note :

Bank of Baroda has launched a festive campaign named "Khushiyon ka Tyohaar" with a range of offers for customers.

* BoB Home Loans are available at a competitive interest rate beginning at 7.95% p.a. with no processing charges.

* BoB Car Loans are being offered at a special rate starting from 7.95% p.a. – a 25 basis points concession.

Other benefits : No pre-payment/ part payment charges, concessional processing charges, and longer repayment tenure of seven years..

Source : Theweek

  Show Answer
A)
Doug Ricket
B)
Anupam Pahuja
C)
Rohit Kulkarni
D)
Vijay Jasuja

Correct Answer : Option (D) - Vijay Jasuja

Note :

Leading Fintech platform Stashfin has made a key addition to its leadership team with the announcement of renowned BFSI (Banking, Financial Services and Insurance) expert and former MD and CEO of SBI Cards, Vijay Jasuja as Non-Executive Independent Director. 
 
Jasuja, an industry veteran, has more than 40 years of BFSI experience in leadership positions across Indian and overseas markets, having been the MD and CEO of SBI Cards, and director, PNB Cards. He has held multiple leadership positions at SBI including General Manager, Hyderabad; General Manager (IBG), Mumbai; Country Head and CEO, Maldives and Regional Head, Sub-Saharan Africa.
 
He joins the diverse and experienced Stashfin Board, which boasts of BFSI experts and former Chief General Managers of SBIRadhakrishnan Iyer and Vijuy Ronjan.
 
With his rich expertise in different facets of the banking industry, including corporate lending, governance, pricing strategy, compliances, debt and equity syndication, de-risking of portfolio and financial engineering, he brings with him a thorough understanding of how to sustain the ever evolving fintech ecosystem, and make it more secure and accessible for borrowers across India..

Source : Business World

  Show Answer
A)
$14 billion
B)
$17 billion
C)
$21 billion
D)
$25 billion

Correct Answer : Option (A) - $14 billion

Note :

The Asian Development Bank (ADB) has announced plans to provide at least $14 billion to Asia-Pacific for 2022–2025.

Reason : To ease a worsening food crisis and improve long-term food security by strengthening food systems due to climate change.

Use of fund : The funding will be channeled through existing and new projects in sectors including farm inputs, food production and distribution, social protection, irrigation, and water resources management..

Source : ADB

  Show Answer
A)
Canara Bank
B)
Union Bank of India
C)
Bank of India
D)
Indian Bank

Correct Answer : Option (B) - Union Bank of India

Note :

The Union Bank of India inaugurated the Ethical Hacking Lab at the Cyber Security Centre of Excellence (CCoE) on Friday(23rd Sep 2022).
 
The lab with cyber defence mechanism will protect the bank’s information system, digital assets, and channels, against potential cyber threats.
 
The lab was inaugurated by the bank’s managing director and CEO A. Manimekhalai.
 
Ms. Manimekhalai said, “Union Bank is adopting digital products in a big way. Various new initiatives are being taken up by the bank to increase digital footprints. IT assets are increasingly exposed to the internet. In this backdrop, our bank has established the Ethical Hacking Lab to strengthen the cyber ecosystem.”..

Source : The Hindu

  Show Answer
A)
USD 250 million
B)
USD 300 million
C)
USD 350 million
D)
USD 450 million

Correct Answer : Option (C) - USD 350 million

Note :

World Bank has approved a USD 350 million or over ₹2,832 crore loan to Gujarat for augmenting health services with a special focus on adolescent girls and disease surveillance in the state. The Executive Board of Directors has given nod to the loan, said the multilateral funding agency as quoted by PTI.
 
The agency informed that the funding will come from the World Bank arm International Bank of Reconstruction and Development (IBRD), carrying a maturity of 18 years including a grace period of 5.5 years.
 
According to the World Bank, the loan amount will be utilized through the state government's Systems Reform Endeavours For Transformed Health Achievement In Gujarat (SRESTHA-G) programme which will enable more people to access a wider range of high-quality health services.
 
Currently, Gujarat provides seven health services to its citizens including reproductive, maternal, newborn, child and adolescent health, communicable and non-communicable diseases (NCDs)..

Source : Mint

  Show Answer
A)
₹1,000 crore
B)
₹2,000 crore
C)
₹3,000 crore
D)
₹5,000 crore

Correct Answer : Option (C) - ₹3,000 crore

Note :

Japan’s MUFG Bank on Wednesday(21st Sep 2022) said it has boosted the capital of its branches within India by ₹3,000 crore, as the bank looks to expand its India business, it said in a statement. As a result of this capital injection, the total capital of MUFG Bank in India will rise to ₹5,207 crore, the statement said.
 
With the help of the funds, MUFG Bank will strengthen its financial base in India and better respond to the diverse financing needs of its clients, it added.
 
India’s growth has been a phenomenal success story and this capital increase is a reflection of MUFG’s optimism of the country’s future and commitment to its long-term development. MUFG is proud of its longstanding presence in India and our ambition has always been to establish ourselves as one of the top global foreign franchises here. 
 
With this increase in capital, we will be in a stronger position to better support our clients and their aspirations, while further showcasing the remarkable opportunities that India has to offer to global companies," said Atsushi Deguchi, regional executive of India and Sri Lanka at MUFG Bank..

Source : Mint

  Show Answer