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Banking - General Knowledge Questions
A)
Axis Bank
B)
J&K Bank
C)
State Bank of India
D)
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.

A)
SBI
B)
HDFC Bank
C)
Bank of Baroda
D)
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.

A)
ICICI Bank
B)
Axis Bank
C)
SBI Bank
D)
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.

A)
Axis Bank
B)
ICICI Bank
C)
HDFC Bank
D)
State Bank of India

Correct Answer :   HDFC Bank

* HDFC Bank collaborated with DPIIT to strengthen the startup ecosystem by offering financial access, mentorship, and innovation support.

* This partnership provides startups with tailored banking products, access to HDFC Bank's extensive network, and capacity-building initiatives to overcome funding challenges and foster growth, ensuring a robust support system for budding entrepreneurs.

A)
QUEEN
B)
TIARA
C)
CROWN
D)
ELEGANCE

Correct Answer :   TIARA

* BOBCARD has launched the TIARA Credit Card, a premium financial product designed specifically for women.

* This card empowers modern women with exclusive perks in travel, health, dining, and lifestyle.

* It offers rewards like 15 points for every ?100 spent on select categories, complimentary health packages, personal accident coverage, and lifestyle vouchers worth ?31,000.

* Additional benefits include free OTT memberships, domestic lounge access, and reduced forex mark-ups.

* TIARA is powered by the RuPay network and aims to inspire financial autonomy with its slogan, ‘Your Woman Card is Your Power Move.

A)
SBI
B)
Axis Bank
C)
ICICI Bank
D)
HDFC Bank

Correct Answer :   SBI

* SBI Card has surpassed 20 million credit cards in circulation, marking a significant achievement in its growth since its inception in 1998.

* The company maintained an impressive compound annual growth rate (CAGR) of 25% in card issuance and 26% in spending from FY19 to FY24.

* Despite being the second-largest issuer in India, following HDFC Bank, SBI Card continues to show strong growth, supported by innovations, customer-centric services, and expanding market reach across urban and rural areas. This milestone solidifies SBI Card's leadership in the competitive credit card industry.

A)
Punjab National Bank
B)
HDFC Bank
C)
Bank of Baroda
D)
State Bank of India

Correct Answer :   Punjab National Bank

Punjab National Bank (PNB), the country’s second largest public sector bank, has become a signatory to the globally recognised Partnership for Carbon Accounting Financials (PCAF).

This move reinforces PNB’s commitment to transparency and proactive climate action, by adopting internationally benchmarked standards for measuring and disclosing greenhouse gas (GHG) emissions associated with its lending and investment activities.

In the financial year 2023-24, PNB disclosed its financed emissions in the Business Responsibility and Sustainability Report (BRSR) using the PCAF Standard, a globally accepted methodology.

PNB’s decision to join PCAF aligns with the Reserve Bank of India’s (RBI) draft framework on climate-related financial risk disclosures, which requires banks to begin reporting on governance, strategy, and risk management for climate-related financial risks and opportunities from FY 2025-26 onwards, and on metrics and targets related to these risks and opportunities from FY 2027-28 onwards.

As a PCAF signatory, PNB joins an international network of financial institutions committed to addressing climate change through robust GHG accounting practices.

This association offers PNB access to technical support, industry-leading training, and country-specific emission data, including insights tailored for India. Additionally, PNB will actively engage in global working groups to refine GHG accounting standards and benefit from peer-to-peer knowledge sharing through workshops and webinars.

Through this strategic initiative, PNB reaffirms its dedication to aligning with global sustainability practices and contributing meaningfully to climate action, according to the lender..

Source : The Hindu Businessline

A)
Axis Bank
B)
ICICI Bank
C)
HDFC Bank
D)
IndusInd Bank

Correct Answer :   IndusInd Bank

IndusInd Bank has collaborated with UNICEF to mitigate climate risks and strengthen community resilience in five disaster-prone districts across India, including Dharashiv, Begusarai, Virudhunagar, Baran, and Bahraich.

This partnership underscores the bank’s commitment to social responsibility and environmental sustainability, aligning its initiatives with global efforts to combat climate change and protect vulnerable communities.

A)
Axis Bank
B)
HDFC Bank
C)
State Bank of India
D)
Bank of Baroda

Correct Answer :   State Bank of India

The State Bank of India successfully raised Rs 10,000 crore through its seventh infrastructure bond issuance, attracting strong demand from investors, including provident funds, pension funds, and insurance companies.

The bonds were oversubscribed two times, reflecting market confidence in the bank.

Proceeds from the issuance will support long-term financing for infrastructure development and affordable housing initiatives.

This move aligns with the government's focus on boosting infrastructure growth and demonstrates SBI's commitment to supporting key sectors of the Indian economy.

A)
ICICI Bank
B)
Axis Bank
C)
HDFC Bank
D)
State Bank of India

Correct Answer :   Axis Bank

The Reserve Bank of India (RBI) has identified the State Bank of India, HDFC Bank, and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) due to their significant size, complexity, and systemic importance to the Indian economy.

Axis Bank, on the other hand, indicates it does not meet the RBI's criteria for systemic importance. D-SIBs are subject to stricter regulations and are considered "too big to fail," requiring government support during economic downturns to prevent systemic disruption.