BANKING
A)
Axis Bank
B)
IDBI Bank
C)
City Union Bank
D)
HDFC Bank

Correct Answer : Option (D) - HDFC Bank

Note :

HDFC Bank has joined hands with Retailio to launch of a new range of co-branded credit cards primarily targeted at chemists and pharmacies in the merchant segment.
 
Retailio is the country's largest B2B pharma marketplace.
 
The co-branded credit card offers cashbacks on tax payments, reward points, and 5% Cashback on all Business essentials.
 
The card also offers no-cost and low cost EMI options for all customers on their credit card..

Source : Mint

  Show Answer
A)
Reserve Bank of India
B)
World Bank
C)
European Central Bank
D)
Swiss National Bank

Correct Answer : Option (A) - Reserve Bank of India

Note :

The Reserve Bank of India has approved the transfer of 30,307 crore rupees as surplus to the Central Government for the accounting year 2021-22.
 
According to an official press release, the 596th Meeting of the Central Board of Directors of Reserve Bank of India was held in Mumbai today under the Chairmanship of Governor Shaktikanta Das, wherein the board approved the Annual Report and accounts of the Reserve Bank for the said year.
 
Besides discussing the current economic situation, global and domestic challenges and the impact of recent geopolitical developments, the board also decided to maintain the Contingency Risk Buffer at 5.50 per cent.
 
Deputy Governors Mahesh Kumar Jain, Dr. Michael Debabrata Patra, M. Rajeshwar Rao, T. Rabi Sankar and other Directors of the Central Board, Satish K. Marathe, S. Gurumurthy, Ms. Revathy Iyer and Prof. Sachin Chaturvedi attended the meeting. Secretary of Department of Economic Affairs Ajay Seth and Secretary of Department of Financial Services Sanjay Malhotra also attended the meeting..

Source : News On Air

  Show Answer
A)
HDFC Bank
B)
IDBI Bank
C)
Axis Bank
D)
ICICI Bank

Correct Answer : Option (B) - IDBI Bank

Note :

IDBI Bank has entered into a share purchase agreement with Ageas Insurance International, wherein the bank is looking to sell its remaining stake of 25% in private sector life insurer Ageas Federal Life Insurance for Rs 580 crore, making Ageas one of the few foreign insurers to raise its stake in its Indian insurance joint venture to 74 per cent, after the government raised the FDI cap in the insurance sector.
 
“In continuation of the bank’s disclosure dated March 29, 2022, we hereby inform you that IDBI Bank has entered a share purchase agreement (SPA) with Ageas Insurance International NV (Buyer) on May 19, 2022 to sell IDBI Bank’s entire stake of 200,000,000 equity shares in Ageas Federal Life Insurance company pursuant to exercise of call option by Ageas. The transaction will be concluded subject to regulatory approvals,” the bank said in a notification to the exchanges..
 

  Show Answer
A)
Delhi
B)
Karanataka
C)
Gujarat
D)
Telangana

Correct Answer : Option (C) - Gujarat

Note :

The New Development Bank (NDB) of the BRICS countries has announced plans to open its regional office of India at the Gujarat International Finance Tec-City (GIFT City) to cater to infrastructure and sustainable development needs of the country.
 
Working in close coordination with the NDB Headquarters, the Indian Regional Office will focus on project origination including initial project preparation and technical assistance, pipeline development, project implementation and monitoring as well as regional portfolio management, the bank said in a press release.
 
Headquartered in Shanghai, the NDB was established by BRICS nations, namely Brazil, Russia, India, China, and South Africa. The bank formally opened in July 2015..

Source : Business Standard

  Show Answer
A)
Indian Railways
B)
HDFC Bank
C)
Post Office
D)
Employees' Provident Fund Organisation

Correct Answer : Option (C) - Post Office

Note :

According to a Department of Post circular, the NEFT facility has been made available for "Post Office" Savings Accounts holders from May 18, 2022, and RTGS facility will be available from May 31, 2022.
 
This facility enables POSB customers to transfer funds to and from other bank accounts to POSB Accounts in DoP-CBS (DoP-CBS stands for Department of Posts - Core Banking Solutions).

Source : Economic Times

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

Correct Answer : Option (D) - Reserve Bank of India

Note :

* Reserve Bank of India (RBI) has directed banks and ATM operators to provide cardless cash withdrawal facilities at all ATMs.

* All banks, automated teller machine (ATM) networks, and White Label ATM Operators (WLAOs) may provide the option of ICCW at their ATMs.

* The National Payments Corporation of India (NPCI) has been advised to facilitate Unified Payments Interface (UPI) integration with all banks and ATM networks.

Source : News On Air

  Show Answer
A)
World Bank
B)
Reserve Bank of India
C)
Asia Development Bank
D)
European Central Bank

Correct Answer : Option (A) - World Bank

Note :

The World Bank has approved 350 million dollars aid for the Systems Reform Endeavors for Transformed Health Achievement in Gujarat -(SRESTHA-G) project.
 
According to official sources, the SRESTHA-G project will be a 500 million dollars project with 350 million dollars support coming from the World Bank. The project will include transforming key health delivery systems in the state.
 
According to the official release, the programme will focus on four key result areas to improve quality, equity, and comprehensiveness of primary healthcare, services for adolescent girls and the capacity of disease surveillance systems.

Source : News On Air

  Show Answer
A)
State Bank Of India
B)
Reserve Bank of India
C)
Indian Bank
D)
Union Bank of India

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

Note :

* The Reserve Bank on Friday(13th May 2022) said Sitikantha Pattanaik and Rajiv Ranjan have been appointed as executive directors with effect from May 1st, 2022.
 
* Ranjan will also serve as an ex-officio member of the rate-setting panel Monetary Policy Committee (MPC).
 
* Prior to being promoted as ED, Pattanaik was an Adviser in the Department of Economic and Policy Research (DEPR), while Ranjan was serving as Adviser-in-Charge of Monetary Policy Department and Secretary to the MPC.
 
* RBI said as Executive Director (ED), Pattanaik will look after the Department of Economic and Policy Research, while Ranjan will take care of the Monetary Policy Department.
 
* Ranjan has a PhD in economics from Mumbai University and holds a Masters degree in economics from the Delhi School of Economics.
 
* Pattanaik has a PhD in economics from the University of Mumbai..

Source : Business Standard

  Show Answer
A)
Rs 27 lakh
B)
Rs 59 lakh
C)
Rs 68 lakh
D)
Rs 93 lakh

Correct Answer : Option (B) - Rs 59 lakh

Note :

RBI on Friday(13th May 2022) said it has imposed a penalty of Rs 59 lakh on KEB Hana Bank for non-compliance with the certain norms related to 'interest rate on deposits'.
 
The Korean bank has been penalised for non-compliance with the directions issued by RBI on "Reserve Bank of India (Interest Rate on Deposits) Directions, 2016".
 
The statutory inspection for supervisory evaluation of KEB Hana Bank was conducted by RBI with ereference to its financial position as on March 31, 2020.
 
RBI, however, said the penalty is based on the deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers..

Source : Economic Times

  Show Answer
A)
Canara Bank
B)
State Bank Of India
C)
Union Bank of India
D)
Reserve Bank of India

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

Note :

Union Bank of India 12th May 2022, announced the launch of ‘Trade nxt’, an online platform for providing comprehensive cross border trade finance services to Indian exporters and importers. It offers seamless entry and processing of Letters of Credit (LC), bank guarantees, export/import bills, disbursement of export credit, outward and inward remittances, dealer financing and much more.
 
‘Trade nxt’ is a next generation digital banking platform that enables all corporates as well as MSMEs to transact all the cross border export-import transactions in a hassle-free way as it offers an array of services in one place. It  eliminates the need for companies to visit a bank branch to initiate a trade transaction and ensures better governance with enhanced security and controls. Companies can now initiate a transaction from the comfort of their place 24/7 in a safe and secure manner.
 
Trade nxt’ platform will also enable the regulatory online auto reporting through Import Data Processing & Monitoring System (IDPMS), Export Data processing & Monitoring System (EDPMS) and other statutory reporting pertaining to ODI/ FDI/ LRS transactions, which will make the process much more convenient.
 
The Ministry of Electronics & Technology recently felicitated Union Bank of India for achieving highest percentage of digital payments transactions under the category of large and medium banks at “Digital Payment Utsav”..

Source : Business World

  Show Answer

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