Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which Bank and LIC have renewed their agreement through an MOU for bancassurance tie-up?

A)

RBL Bank

B)

Union Bank of India

C)

Andhra Pragathi Grameena Bank (APGB)

D)

Karnataka Vikas Grameena Bank (KVGB)

Correct Answer : Karnataka Vikas Grameena Bank (KVGB)

Karnataka Vikas Grameena Bank (KVGB), a Dharwad-headquartered regional rural bank and Life Insurance Corporation (LIC) of India have renewed their agreement through a memorandum of understanding for bancassurance (for selling life Insurance products through the branches of KVGB) tie-up.

The bank will market LIC’s products through its 639 branches in Dharwad, Gadag, Haveri, Belagavi, Bagalkot, Vijayapura, Uttara Kannada, Udupi and Dakshina Kannada districts.

Quoting P Gopi Krishna, Chairman of KVGB, a statement said the bank is renewing the pact with LIC mainly to increase insurance penetration in rural areas and to provide better deal to customers on service and premium.

Stating that the bank is playing a major role in extending the affordable banking facilities in urban and rural areas through various products and services, he said the bank’s business has crossed â‚¹30,800 crore by catering to the needs of around 80 lakh customers in nine districts of Karnataka.

K Venkataramana, Senior Divisional Manager of LIC, Dharwad, said the insurane behemoth is offering innovative products with affordable premium and also ensures speedy settlement of claims..

Source : The Hindu Businessline

2 .

Which Bank rolls out a bouquet of Digital products as part of "Project WAVE"?

A)

Bank of India

B)

Canara Bank

C)

Indian Bank

D)

Union Bank of India

Correct Answer : Indian Bank

Indian Bank has rolled out six new digital initiatives under ‘Project WAVE’ for enhancing customer experience through integrated services on its digital platform.

The new products were rolled out by the bank MD & CEO S.L. Jain in the presence ED Imran Amin Siddiqui and Universal Sompo General Insurance Co. Ltd., MD & CEO Sharad Mathur in Chennai on Wednesday(26th Oct 2022).

Indian Bank along with Universal Sompo General Insurance will provide online vehicle and health insurance through its mobile banking app IndOASIS.

This digital collaboration would enable the bank’s customers to access and buy general insurance products digitally, anytime, anywhere, thus augmenting the insurance inclusion in India, it said in a statement.

Under the co-lending arrangement, Indian Bank has partnered with Rupeek Capital Pvt. Ltd, to offer jewel loans at customer doorsteps. The entire gold loan journey will be through digital platform and not require any physical visit to the bank branch by the customer..

Source : The Hindu

3 .

Indian Banks Association has re-elected Punjab National Bank MD and CEO as its new chairman?

A)

A K Goel

B)

R Ramesh Babu

C)

Shreenath H Joshi

D)

Prashant Kumar

Correct Answer : A K Goel

Indian Banks’ Association re-elected A K Goel, Managing Director(MD) and CEO of Punjab National Bank as its new chairman, who will serve the industry body for the financial year 2022-23.

The reelection was one of the rare occasions in history when an incumbent IBA chairman obtained a second consecutive term.

Goel was supposedly a unanimous candidate, said a banking source.

“Goel will be able to coordinate with the government better sitting in Delhi,” the person said.

The senior most managing director of a public sector bank is generally elected as chairman for a period of one year.

State Bank of India’s Dinesh Khara has become deputy chairman along with two others including A S Rajeev, MD & CEO of Bank of Maharashtra and Madhav Nair, CEO of Mashreq Bank, a Dubai-headquartered foreign lender..

Source : Economic Times

4 .

Which bank has appointed C S Rajan as an additional and independent director on the bank's board?

A)

State Bank of India

B)

Kotak Mahindra Bank

C)

Union Bank of India

D)

IDFC FIRST Bank

Correct Answer : Kotak Mahindra Bank

Kotak Mahindra Bank Limited has appointed C S Rajan as an additional and independent director on the bank’s board.

Rajan’s appointment is for a period of five years effective 22 October 2022.

Rajan has over 40 years of experience across significant government portfolios.

Rajan is currently serving as a non-executive chairman of Infrastructure Leasing and Financial Services Limited, appointed by the government of India..

Source : Mint

5 .

Which Bank's board of directors has reappointed 'Sandeep Bakshi' as the MD and CEO for a period of 3 years.

A)

ICICI Bank

B)

Axis Bank

C)

HDFC Bank

D)

Kotak Mahindra Bank

Correct Answer : ICICI Bank

ICICI Bank's board of directors has reappointed Sandeep Bakshi as the managing director (MD) and chief executive officer (CEO) for a period of three years, said in a regulatory filing.

The tenure Sandeep Bakshi was till October 3, 2023. The reappointment period is from October 4, 2023 to October 3, 2026, which is subject to approval from Reserve Bank of India, and the shareholders of ICICI Bank.

“The Board unanimously approved the re-appointment of Mr. Sandeep Bakhshi for a period of three years with effect from October 4, 2023 to October 3, 2026, subject to approval of the RBI and shareholders of the Bank," said the regulatory filing.

He was appointed as the banks's MD and CEO since October 15, 2018. He has served as Wholetime Director and the Chief Operating Officer (COO) of the bank, prior to his appointment as MD and CEO.

Bakhshi has been with the ICICI Group for 36 years and has handled various assignments across the group in ICICI Limited, ICICI Lombard General Insurance, ICICI Bank and ICICI Prudential Life Insurance.

ICICI Bank on Saturday posted a net profit of â‚¹7,558 crore for the quarter ended September, rising by 37per cent from â‚¹5,511 crore in the same quarter last year.

Net interest income (NII) jumped by 26 per cent yoy to â‚¹14,787 crore in Q2FY23 as against â‚¹11,690 crore in Q2 of FY22. Net interest margin stood at 4.31 per cent in Q2FY23.

The business banking portfolio grew by 43 per cent year-on-year and 11% sequentially as of September 30, 2022..

Source : Mint

6 .

Which bank has bagged the National Digital Transformation Awards, "DX 2022 Awards" instituted by the Confederation of Indian Industry (CII)?

A)

Canara Bank

B)

South Indian Bank

C)

Bandhan Bank

D)

Karnataka Bank

Correct Answer : Karnataka Bank

Karnataka Bank has bagged National Digital Transformation Awards — DX 2022 Awards — instituted by the Confederation of Indian Industry for best practice in digital transformation under BFSI segment.

The awards in recognition of the “Innovative Excellence” in ‘KBL HR NxT - Employee Engagement’, ‘KBL Operations NxT - Operational Excellence’ and ‘KBL Customer NxT - Customer Experience’ were presented to senior executives of the bank at New Delhi on Tuesday(18th Oct 2022).

Bank Managing Director and CEO M.S. Mahabaleshwara said KBL Vikas introduced in 2017 has laid a strong foundation for the digital transformation of the Bank. KBL NxT concept was launched in 2021 under KBL Vikas 2.0 focusing digitisation of its various verticals, including operations, human resources, customer experience, digital marketing etc.

Source : The Hindu

7 .

Who has been appointed as the interim Chief Executive Officer (CEO) by Paytm Payments Bank?

A)

Rakesh Sharma

B)

Sashidhar Jagdishan

C)

Deependra Singh Rathore

D)

Chandra Shekhar Ghosh

Correct Answer : Deependra Singh Rathore

Paytm Payments Bank has appointed Deependra Singh Rathore as the interim chief executive officer (CEO), in addition to his role as chief product & technology officer.

He will replace Satish Gupta, who is presently serving as the bank's CEO and retire in October 2022.

The bank will announce the new full-time CEO after receiving regulatory approvals.

The bank has also appointed Sunil Chander Sharma, a former IRS officer as chief operating officer (COO)..

Source : Economic Times

8 .

Which Bank has been relaunched Suraksha Fixed Deposit (FD) as a festive treat for customers?

A)

Axis Bank

B)

DCB Bank

C)

Bandhan Bank

D)

IDBI Bank

Correct Answer : DCB Bank

The Suraksha Fixed Deposit (FD) from DCB Bank, a private sector lender, has been relaunched. This FD offers higher interest rates and free insurance as well as other benefits.

This festive season, DCB Bank reintroduced this special type of FD that has a tenure of 3 years and offers an excellent mix of savings and safety for depositors as well as their dependents or loved ones.

Another attractive option is a regular Fixed Deposit without Suraksha insurance. For fixed deposits of 700 days or three years, the bank provides an attractive 7.10% annual interest rate, which yields 7.49% pa or 7.84% p.a, respectively.

Elderly individuals earn 7.60% annually over the same time period, and the yields are 8.05% and 8.45% annually, respectively. For a fixed deposit with a longer period of five years, the annualised return is 7% per year, for which the annualised yield is 8.43% p.a. Elderly individuals earn 7.50% annually, which represents an annualised yield of 9.14%.

DCB Bank Suraksha Fixed Deposit (FD) : Two distinguishing characteristics of DCB Suraksha make it a wise and "surakshit" investment. In addition, it gives free life insurance coverage up to Rs. 10 lakh if the value of the Suraksha FD is more than Rs. 10 lakh. Furthermore, it offers a high interest rate of 7.10% p.a. on a three-year deposit. The insurance premium is not payable by the DCB Suraksha FD customer. Additionally, there is no need for a medical evaluation in order to benefit from life insurance coverage..

Source : Mint

9 .

Bookmyshow has partnered with which bank to launch a new credit card named 'Play'?

A)

RBL Bank

B)

Axis Bank

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : RBL Bank

RBL Bank and BookMyShow on Wednesday(12th Oct 2022) announced a partnership to launch a new 'Play' credit card.

This card will be available to select customers on BookMyShow and give them access to offers on transactions across movies and live entertainment offerings (online and offline), the companies said in a joint statement.

Additionally, eligible customers will be able to avail offers on binge-watching movies and TV series on BookMyShow Stream by renting or buying a title, while enjoying benefits with every purchase made, the companies said.

While BookMyShow customers can purchase the ‘Play’ credit card for an annual fee of Rs 500, the superlative offering will be available to entertainment loyalists on the platform, BookMyShow Superstars at zero cost.

On top of that, consumers will be able to track the entire journey from application to delivery of the ‘Play’ credit card on BookMyShow, with real-time updates enabled within the platform, the companies said..

Source : CNBC

10 .

How many million loan extended by World Bank for salt project in Andhra Pradesh?

A)

$200 million

B)

$250 million

C)

$300 million

D)

$400 million

Correct Answer : $250 million

B. Rajasekhar has said that the World Bank (WB) has extended an unconditional loan of $250 million to the Supporting Andhra’s Learning Transformation (SALT) project in appreciation of the path-breaking reforms implemented by the State government.

The SALT is the first project in the school education sector to be funded by the World Bank without any precondition.

Mr. Rajasekhar dismissed the media reports that the World Bank had imposed certain curbs to extend the financial assistance, as baseless.

He said a sum of approximately â‚¹53,000 crore had been spent on school education in the last three years and a major chunk of it (â‚¹22,617 crore) had gone to Amma Vodi and the first phase of the Nadu-Nedu scheme.

The number of children studying in government schools in 2022-23 academic year was 40,31,239. The total number of children in government, private and aided schools was less by 86,119 when compared to last year. .

Source : The Hindu