Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Approximately how many brick-and-mortar branches will public sector banks open in unbanked areas of various states by December 2022?

A)

100

B)

200

C)

300

D)

400

Correct Answer : 300

* As part of the financial inclusion drive, public sector banks will open about 300 brick-and-mortar branches in the unbanked areas of various states by December 2022.

* These new branches will cover all remaining unbanked villages with a population of more than 3,000, according to sources.

* A Maximum number of 95 branches will be opened in Rajasthan followed by 54 in Madhya Pradesh.

* The public sector banks will open 38 branches in Gujarat, 33 in Maharashtra, 32 in Jharkhand and 31 in Uttar Pradesh..

Source : Business Standard

2 .

Which private sector Bank introduced a new SMS banking facility for its customers on September 2022?

A)

Axis Bank

B)

ICICI Bank

C)

HDFC Bank

D)

Karur Vysya Bank

Correct Answer : HDFC Bank

HDFC Bank, India’s largest private sector lender, has started a new "SMS banking" facility for its customers, through which the customers can now access a wide range of banking services round-the-clock. The services include checking account balances and summaries, managing credit cards, applying for loans, requesting for chequebook, or generating account statements.

“Banking services are now a text away! #BankOnUs and access a wide range of banking services from wherever you are, round-the-clock. 24/7 x 365! To get started, SMS “Register" ; “Last 4 digits of customer ID" ; “Last 4 digits of account number" to 7308080808," HDFC Bank has said in a tweet.

SMS Banking is a service that allows customers to perform banking transactions on their mobile phone via SMS. Just type their query and send to 7308080808 to get a response on SMS Banking-registered mobile number.

The new SMS banking is currently available only in the English language. Customers can now undertake SMS banking operations from anywhere in India or overseas if they have national or international roaming enabled on their mobile device, without any cost.

How To Register For HDFC Bank SMS Banking :

To register for SMS Banking, customers need to visit an HDFC Bank ATM, insert the debit card and then enter the PIN. Thereafter, they need to go to ‘More Options’ on the homepage and enter their registered mobile number and then tap ‘Confirm’. Following this, the customer will receive a confirmation message on their mobile. The registration is done.

New SMS Banking registration is not available in net banking. “You can Register for SMS Banking by sending SMS from Bank Registered mobile number," HDFC Bank said.

It said, “If you register through by sending an SMS on 7308080808, you will be able to access SMS Banking instantly. If you fill in the application form to register for SMS Banking, it will take 4 working days to complete the registration process from the time you submit your application form."

Services That Can Be Availed Using SMS Banking :

* Balance Enquiry

* Cheque Book Request

* Account Statement Request

* Recent 7 Days Transactions

* FD Summary

* Debit Card Dispute

* Loans — Personal Loan, Auto Loan, Business Loan, Consumer Durable Loan

* Credit Card — View Reward Points, Convert Big Spends To EMI, Credit Card Dispute

* FastTag Registration

* Open Fixed Deposits

* Insurance – Both life insurance and general insurance..

Source : News18

3 .

Who has been appointed as the Managing Director(MD) and CEO of 'Tamilnad Mercantile Bank Ltd' for a period of 3 years from 4 September 2022?

A)

R Ramesh Babu

B)

Dr. N. Kamakodi

C)

S. Selvaraj

D)

Krishnan Sankarasubramaniam

Correct Answer : Krishnan Sankarasubramaniam

The Board of Directors of Tamilnad Mercantile Bank Ltd. has appointed veteran banker Krishnan Sankarasubramaniam (aka S Krishnan) as the Managing Director & CEO with effect from 4th September 2022 as term of the incumbent MD & CEO K V Rama Moorthy ends on 3rd September 2022, the bank said in a press note.

Prior to joining the Bank, Krishnan was the MD & CEO of Punjab and Sind Bank from 4th September 2020 to 31st May 2022. During his period there was total transformation of the Bank be it digital, IT, risk, compliance, monitoring, recovery, business development or HR. He played a crucial role in bank’s turnaround leading to bank registering highest ever profit in 2021-22..

Source : Economic Times

4 .

Which Bank announced a partnership with the Asian Development Bank (ADB) to support and promote supply chain finance solutions in India?

A)

RBL Bank

B)

Federal Bank

C)

Citibank

D)

IndusInd Bank

Correct Answer : IndusInd Bank

Private sector bank IndusInd Bank has announced its partnership with Asian Development Bank (ADB), a regional development bank catering to Asia and Pacific region, to create a partial guarantee programme to encourage supply chain finance solutions in India.

The initiative will have an initial outlay of $70 million (Rs 560 crore), said IndusInd Bank in a statement.

With the collaboration, the bank is looking forward to expand its MSME portfolio and strengthen its existing strategies for the sector.

IndusInd already has a few product structures for SCF and a digital portal called ‘earlyCredit’ to enable supply chain financing for corporates, suppliers and dealers.

Source : Financial Express

5 .

Which bank launches pilot project to "digitise Kisan Credit Card"?

A)

RBI

B)

SBI

C)

Central Bank of India

D)

Union Bank of India

Correct Answer : RBI

The Reserve Bank of India will run the pilot projects for complete digitalisation of Kisan Credit Card (KCC) lending from this month in the select districts of Madhya Pradesh and Tamil Nadu.

The digitalisation aims to make KCC-based lending more efficient by reducing costs and turn-around time for borrowers, and improving credit flow to the rural population.

RBI in a statement said the pilot is being developed by the Reserve Bank Innovation Hub (RBIH). Union Bank of India is the partner bank in Madhya Pradesh, while Federal Bank is the partner bank in Tamil Nadu. State governments will actively co-operate in running the pilot projects..

Source : Business Standard

6 .

Indian credit card issuer SBI Card has 1st Sep 2022 announced the launch of which card in India?

A)

YONO SBI Card

B)

CASHBACK SBI Card

C)

FREEDOM SBI Card

D)

CASHLESS SBI Card

Correct Answer : CASHBACK SBI Card

Indian credit card issuer SBI Card 1st Sep 2022 announced the launch of ‘CASHBACK SBI Card’ in India. As the company claims CASHBACK SBI Card is the industry’s first Cashback-focused credit card that enables cardholders to earn 5 percent cashback on all online spends without any merchant restrictions. Consumers across India, including tier 2 and 3 cities, can easily get CASHBACK SBI Card instantly through digital application platform ‘SBI Card SPRINT’.

Benefits of CASHBACK SBI Card :

* Cardholders can avail of four complimentary domestic airport lounge visits per year (one visit per quarter) on the card.

* “The card also offers a 1 per cent fuel surcharge waiver which is valid for transaction amounts ranging from Rs 500 to Rs 3,000, with a maximum surcharge waiver limit of Rs 100 per billing statement month for each credit card account.

* The annual renewal fee of the card is Rs 999 plus applicable taxes. CASHBACK SBI Card users can enjoy renewal fee reversal on reaching the milestone of Rs 2 lakh annual spending during the card membership year. CASHBACK SBI Card is available on the VISA platform,”..

Source : Business Today

7 .

Who has signed 25th Aug 2022 an agreement with ICICI Bank for the development of financial accounting software and mobile application?

A)

NMDFC

B)

ONGC

C)

BHEL

D)

NTPC Limited

Correct Answer : NMDFC

The National Minorities Development and Finance Corporation (NMDFC) on Thursday(25th Aug 2022) said it has signed an agreement with ICICI Bank for the development of financial accounting software and mobile application.

The Memorandum of Understanding (MoU) provides for the development of financial accounting software for NMDFC and State Channelizing Agencies (SCAs), loan accounting software for receiving and processing of loan applications and accounting of repayments from beneficiaries.

ICICI Bank will design, develop and deploy the application for NMDFC, provide source code and executable database information among others, an official statement said.

The customised banking software will bring greater transparency and speed of transactions in the loaning and accounting process of NMDFC as well as SCAs.

This will also facilitate submission of online applications by the targeted beneficiaries. Automation of activities of NMDFC by developing the software and mobile app would be a giant step forward by NMDFC towards accomplishing its mission of "Development with Dignity", it said..

Source : Business Today

8 .

Athletics Federation of India (AFI) has partnered with which bank to support young women athletes from 29th August 2022?

A)

Bank of America

B)

HDFC Bank

C)

HSBC India

D)

Standard Chartered

Correct Answer : HSBC India

Athletics Federation of India (AFI) on Monday(29th Aug 2022) announced its partnership with HSBC India to support women athletes of the country, especially the youngsters.

Under the partnership, promising girls will be picked from the National Inter District Championships for Under-14 and Under-16 categories and would be nurtured to perform on the global stage.

“Special coaching camps would be set up for the selected athletes and all their needs would be taken care of,” AFI President Adille Sumariwalla said at the launch of the partnership.

“The partnership with HSBC will not only help develop, grow and support women’s participation in various track and field disciplines but also raise their performance levels in international events,” he added.

HSBC India General Manager and CEO Hitendra Dave said, “We look forward to supporting our women athletes. We want to bolster their efforts by enabling access to training and equipment of international standard.” India’s first medallist in World Athletics Championships Anju Bobby George, Birmingham Commonwealth Games medallists Priyanka Goswami (10,000m race walk) and Annu Rani (javelin throw) and Asian Games silver winner (400m) Hima Das were also present on the occasion..

Source : The Print

9 .

Which Bank established a partnership with National Payments Corporation of India (NPCI) to offer RuPay credit cards from August 2022?

A)

HDFC Bank

B)

Axis Bank

C)

ICICI Bank

D)

Yes Bank

Correct Answer : ICICI Bank

ICICI Bank 29th Aug 2022 announced its partnership with National Payments Corporation of India (NPCI) to launch a range of credit cards on RuPay, the indigenous payments network. To begin with, the ICICI Bank RuPay Credit Card is available in the Coral variant of the Bank’s Gemstone series, which will be followed by Rubyx and Sapphiro variants soon.

Called, ‘ICICI Bank Coral RuPay Credit Card’, the contactless card offers a host of privileges and benefits including reward points on daily purchases like shopping and restaurants, paying utility bills, complimentary domestic airport & railway lounge access, waiver of fuel surcharge, discounts on movie tickets & dining, among others. The card also offers exclusive benefits of the RuPay network such as accident insurance coverage to the cardholder and dedicated personal concierge services.

Speaking on the launch, Sudipta Roy, Head- Credit Cards, Payment Solutions and Merchant Ecosystem, ICICI Bank, said, “ICICI Bank has always been at the forefront of offering innovative, powerful and distinctive value propositions for its customers. We are delighted to partner with NPCI to launch ICICI Bank Credit Cards on RuPay network, which is an Indian card payments network equipped with state-of-the-art technology..

Source : Mint

10 .

What was the percentage of bank credit growth in the quarter ended June 2022 in India?

A)

12.4%

B)

13.0%

C)

13.7%

D)

14.2%

Correct Answer : 14.2%

According to RBI statistics released on Thursday(25th Aug 2022), bank credit growth increased from 6% in the same quarter last year to 14.2% in the quarter that ended in June 2022.

Bank credit has increased by 10.8% in the three months that ended in March 2022. On Thursday(25th Aug 2022), the Reserve Bank of India (RBI) published the "Quarterly Statistics on Deposits and Credit of SCBs for June 2022." This information is gathered from all scheduled commercial banks (SCBs), which also include small financing banks (SFBs), regional rural banks (RRBs), and payment banks (PBs).

All population groups (rural, semi-urban, urban, and metropolitan), all bank groups (public/private sector banks, foreign banks, RRBs, and SFBs), and all geographic areas of the nation (central, eastern, north-eastern, northern, southern, and western) recorded double-digit annual credit growth in June 2022, according to the data.

Over the past five quarters, annualized deposit growth has been between 9.5% and 10.2%. Metropolitan branches continue to account for more than half of all bank deposits, and during the past year, their proportion has slightly grown.

Over the past three years, the proportion of deposits from current and savings accounts (CASA) in total deposits has increased (42% in June 2020, 43.8% in June 2021, and 44.5 % in June 2022).

The statistics revealed an increase in the credit-deposit (C-D) ratio as credit growth has recently outpaced deposit growth. The C-D ratio for all of India was 73.5% in June 2022 (compared to 70.5% a year earlier), while it was 86.2% for bank branches in major cities (84.3% a year ago)..

Source : India info line