Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

What percentage of stake in Go Digit Life Insurance will be acquired by HDFC Bank?

A)

9.944 percent

B)

10.521 percent

C)

12.793 percent

D)

14.696 percent

Correct Answer : 9.944 percent

The country's largest private sector lender HDFC Bank on 25th August 2022 said it will invest in Go Digit Life Insurance Ltd, the general insurer backed by Canada-based Fairfax Group.

HDFC Bank said it has proposed an investment of between Rs 49.9-69.9 crore, in two tranches, by subscribing to equity shares of the company, for an equity stake of up to 9.944 percent of the paid-up equity share capital of the company.

The bank said it has entered into an indicative and non-binding term sheet with Go Digit Life Insurance.

The investment is subject to the execution of definitive agreements whose terms and conditions are to be mutually agreed upon, and fulfilment of other terms and conditions, the bank said..

Source : Cnbctv18

2 .

Which Bank launched contactless Which Bank launched contactless Yoddha co-branded RuPay credit card for the Indian Army??

A)

Bank of India

B)

Bank of Baroda

C)

Central Bank of India

D)

Punjab National Bank

Correct Answer : Bank of Baroda

Bank of Baroda-backed BOB Financial Solutions on Wednesday(24th August 2022) launched a Yoddha co-branded RuPay credit card for the Indian Army personnel, in partnership with National Payments Corporation of India (NPCI). The new co-branded credit card will be equipped with contactless features and will be offered on the RuPay platform.

In its statement, BoB highlighted that Yoddha, the co-branded credit card has been curated like none other, offering best-in-class features and benefits along with democratic choice, for the Indian Army personnel.

Further, the co-branded credit card will be offered Life Time Free (LTF) to all Indian Army personnel. Yoddha comes with attractive welcome, activation, and spend-based gifts. The card will also offer complimentary domestic airport lounge access and golf games/lessons.

Shailendra Singh, MD & CEO, BFSL, said, “We are honored and pleased to partner with the Indian Army. The uniquely designed credit card will offer uninterrupted payment convenience and benefits to the personnel of the Indian Army..

Source : Mint

3 .

Who has approved the appointment of Mahendra N Shah as managing director-designate of the company with effect from October 1, 2022, till September 30, 2023?

A)

IDBI Bank

B)

Motilal Oswal

C)

IDFC Ltd

D)

DSP Mutual Fund

Correct Answer : IDFC Ltd

The Board of IDFC Ltd has approved the appointment of Mahendra N Shah as Managing Director (MD) - Designate with immediate effect.

He will be MD with effect from October 1, 2022, till September 30, 2023, subject to approval of the shareholders of the company and other applicable statutory/regulatory approvals, IDFC said in a regulatory filing on Wednesday(24th August 2022).

The term of Sunil Kakar as MD & CEO of the company will end at the close of business hours on September 30, 2022..

Source : The Hindu Businessline

4 .

Reserve Bank of India became a net seller of US currency in June 2022 after selling how many billion USD on net basis?

A)

USD 2.397 billion

B)

USD 2.873 billion

C)

USD 3.265 billion

D)

USD 3.719 billion

Correct Answer : USD 3.719 billion

Reserve Bank of India turned net seller of the US currency in June after it sold USD 3.719 billion on a net basis, the central bank data showed.

In the reporting month, the central bank purchased USD 18.96 billion from the spot market and sold USD 22.679 billion, according to the RBI monthly bulletin for August 2022 released on Thursday(18th Aug 2022).

In June 2021, RBI was net buyer of the greenback after it purchased USD 18.633 billion on a net basis from the spot market. In May 2022, the central bank net bought USD 2.001 billion. It had purchased USD 10.143 billion and sold USD 8.142 billion during the month.

During the fiscal 2022, the central bank had net purchased USD 17.312 billion. It had bought USD 113.991 billion and sold USD 96.679 billion in the spot market in FY22..

Source : Business Standard

5 .

Which Bank has appointed Gopal Jain and Dr. Sivakumar Gopalan as the non-executive directors?

A)

RBL Bank

B)

Bank of India

C)

Canara Bank

D)

Union Bank of India

Correct Answer : RBL Bank

The RBL Bank augmented its strength with the appointment of two eminent members in the Board of Directors on Monday(22nd Aug 2022).

Gopal Jain, Managing Partner at Gaja Capital, an experienced Private Equity Investor, and Dr. Sivakumar Gopalan, an accomplished Researcher with over three decades of experience across various aspects of technology were inducted into the bank’s board.

“Gaja Capital has been a part of the Bank’s journey through the years. RBL Bank has been working on adding a diverse set of leaders with relevant experience to accelerate its 2.0 strategy. With the new additions the Bank’s board now has 14 members, guiding the Bank’s strategy on business, technology and innovation,” the RBL bank said in a press note. .

Source : Economic Times

6 .

Who has partnered with Yes Bank to offer digital escrow services for the bank's customers?

A)

Cyient

B)

Castler

C)

Happiest Minds

D)

eClerx Services

Correct Answer : Castler

Global escrow banking solution provider Castler has partnered Yes Bank to offer digital escrow services for the bank’s customers.

The company said the tie-up will further strengthen its digital leadership position and is part of an effort to make banking more inclusive and accessible to its growing consumer base.

Through this partnership, both are in pole position to dominate the Enterprise Escrow Banking space and digitally democratise the product for easy adoption amongst its varied customer base. Escrow banking is generally quite complex and Castler with its unique digital offering has demonstrated that technology and innovation can provide solutions to even the most complex requirements.

Key Points :

* Yes Bank Founded: 2004;

* Yes Bank Headquarters: Mumbai, Maharashtra;

* Yes Bank MD & CEO: Prashant Kumar;

* Yes Bank Tagline: Experience our Expertise..

Source : Economic Times

7 .

Who has joined the Account Aggregator framework of RBI, this will boost the regulated financial-data sharing system?

A)

SEBI

B)

IRDA

C)

NSDL

D)

NABARD

Correct Answer : SEBI

Capital markets regulator Securities and Exchange Board of India (Sebi) on Friday(19th Aug 2022) joined the account aggregator framework, a move that will give a boost to the Reserve Bank of India (RBI)-regulated financial-data sharing system.

It will allow customers to share information about their mutual fund and stock holdings with financial service providers.

Under the framework, Financial Information Providers (FIPs) in the securities market, like depositories and asset management companies (AMCs) -- through their Registrar and Transfer Agents or RTAs -- will provide financial information pertaining to securities markets to the customers and consented Financial Information Users (FIUs) through any of the account aggregators registered with the Reserve Bank of India (RBI)..

Source : Economic Times

8 .

Which Bank has launched latest campaign 'Vigil Aunty' with an aim to promote safe banking habits among people?

A)

Axis Bank

B)

ICICI Bank

C)

HDFC Bank

D)

Kotak Mahindra Bank

Correct Answer : HDFC Bank

To educate customers on the modus operandi of financial fraudsters and share inputs on safe banking habits, HDFC Bank has come out with a community awareness programme called ‘Vigil Aunty’. The bank has roped in actor Anuradha Menon, who will host chat shows on social media platforms to create awareness on cyber frauds.

Until now, the financial sector regulator had taken up the mantle to educate customers on frauds happening in this space.

Anuradha Menon who plays the popular character of ‘Lola Kutty’ on television, will be the face of the ‘Vigil Aunty’ campaign.

This campaign will run with the Bank’s popular ‘Mooh Band Rakho’ campaign, that urges people not to share their confidential banking information with others. The Vigil Aunty campaign will run for 4-6 weeks..

Source : Business Standard

9 .

Who is the highest salary paid bank CEO in India in FY22?

A)

Sashidhar Jagdishan

B)

Chandra Shekhar Ghosh

C)

Sandeep Bakhshi

D)

Amitabh Chaudhry

Correct Answer : Amitabh Chaudhry

Axis Bank managing director and chief executive officer (MD & CEO) "Amitabh Chaudhry" was the highest-paid private bank chief in India in the previous financial year, drawing a total of Rs 7.62 crore in annual salary, as per the bank’s FY22 annual report.

Chaudhry was also separately granted a total of 412,938 stock options of Axis Bank during FY22, on the basis of approval received from the Reserve Bank of India (RBI), the Axis Bank annual report said. The stock options were granted at Rs 726.25 per share.

“The vesting schedule for the said stock options is 30 percent options after expiry of one year, 30 percent options after expiry of two years and balance 40 percent options after expiry of three years from the date of grant.

Chaudhry was followed by IndusInd Bank chief Sumant Kathpalia, who made over Rs 7.31 crore in annual salary in FY22. Kathpalia was followed by ICICI Bank MD Sandeep Bakhshi, who earned Rs 7.05 crore in annual salary last fiscal, as per the bank’s annual report.

HDFC Bank MD & CEO Sashidhar Jagdishan pulled in Rs 6.51 crore during the previous fiscal, while Bandhan Bank MD C.S. Ghosh drew Rs 4.35 in annual salary in FY22. HDFC Bank executive director Kaizad Bharucha, meanwhile, earned more than the lender’s MD during the previous fiscal, drawing a total of Rs 10.64 crore, including performance bonuses.

Source : Money Control

10 .

Which Bank has signed an MoU with Food Corporation of India (FCI) to provide "Ultima Salary Package" with exclusive benefits & features to all its employees?

A)

HDFC Bank

B)

YES Bank

C)

Axis Bank

D)

ICICI Bank

Correct Answer : Axis Bank

Axis Bank, India’s third largest private sector bank, has signed an MoU with Food Corporation of India (FCI) to provide “Ultima Salary Package”, a best-in-class salary account with exclusive benefits & features to all its employees. With this MoU, the Bank has reinstated its commitment to offering holistic banking services to the employees of the Public Sector Undertakings (PSU) sector.

A signing ceremony was held at FCI Headquarters, New Delhi where FCI was represented by Shri G. N Raju, GM HQ and Axis Bank was represented by Shri Anil Agarwal, President, Financial Institutions Group & Lt Col M.K Sharma, National Accounts Head.

Through this exclusive Ultima Salary package, the Bank will offer numerous benefits such as :

* Personal Accidental cover of up to Rs.20 lakhs

* Additional Education Grantupto Rs. 8 lakhs

* Total Permanent Disability Cover benefit up to Rs. 20 lakhs

* Permanent Partial disability cover of up to Rs.20 lakhs

* Air Accident cover of Rs. 1 Crore

* Free additional debit card for a family member

* 12 EMI waiver on Home loan

* 3 zero balance accounts for family member

Universal account number wherein all Axis Bank branches will function as a “Home branch”

This MoU is a reflection of Axis Bank’s constant endeavour to address the banking requirements of different customer segments, helping them meet their financial aspirations & milestones..

Source : Pragativadi