Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Who is launched co-branded contactless RuPay Credit Card with HPCL?

A)

BOB Financial

B)

Nainital Bank

C)

Karnataka Bank

D)

Life Insurance Corporation

Correct Answer : Option (A) - BOB Financial

BOB Financial and Hindustan Petroleum (HPCL) in partnership with National Payments Corporation of India (NPCI), have announced the launch of HPCL BoB co-branded contactless RuPay Credit Card. The card comes with various features including rewards for spending on utilities, grocery and departmental stores. This card can be used across merchants and ATMs globally through the JCB network. BOB Financial is a wholly-owned subsidiary of the Bank of Baroda (BoB).

Cardholders of HPCL BoB RuPay Contactless Credit Card will be able to earn up to 24 reward points (per Rs 150 spent) at HPCL fuel pumps and on the HP Pay app. In addition, cardholders will also benefit from a 1 per cent Fuel Surcharge Waiver on fuel purchases at HPCL pumps or on HP Pay. Customers who spend Rs 5,000 or more within 60 days of card issuance will get 2,000 bonus reward points..

Source : Financial Express

2 .

Which Bank ties up with NBFC Paisalo Digital for agriculture loan in May 2022?

A)

UCO Bank

B)

Canara Bank

C)

Bank of India

D)

IDBI Bank

Correct Answer : Option (A) - UCO Bank

* UCO Bank has signed a co-lending agreement with NBFC Paisalo Digital Limited for agriculture business to capitalize the underbanked and under-serviced population.

* The tie-up will give a boost to the agriculture advance of the bank and it is a win-win situation for the bank as well as the NBFC.

* The Government of India aims to help agriculture and other small borrowers who are the backbone of the Indian economy..

Source : Economic Times

3 .

Which bank has ties up with Mahagram to develop a digital payment system?

A)

HDFC Bank

B)

IndusInd Bank

C)

Punjab National Bank

D)

Kotak Mahindra Bank

Correct Answer : Option (B) - IndusInd Bank

* Mahagram (Rural NEO Bank) has signed a partnership with the IndusInd Bank to digitize the nation's payment ecosystem and provide a wider scope to transact for its customers in rural India.

* Aim : To boost financial inclusion, encourage socio-economic development, mitigate the risks of a shadow economy, and accelerate the growth of a cashless society.

* Mahagram was founded in 2015 to enable rural women to save money at the local Kirana stores..

Source : Economic Times

4 .

Which bank launch of a new range of co-branded credit cards with 'Retailio', aimed largely at pharmacies?

A)

SBI

B)

Axis Bank

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : Option (D) - HDFC Bank

India's largest private sector bank, HDFC Bank partnered with Retailio on Monday(23rd May 2022) and announced the 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.

In a statement, HDFC Bank said the partnership is likely to cover over 1.4 lakh merchants in the first phase of its roll-out. It will also be available to over 1 lakh customers of Retailio from their existing merchant base and as well as new customers..

Source : Mint

5 .

State Bank of India (SBI) has announced the introduction of _________ Credit on its Yono platform, allowing eligible customers to get personal loans of up to Rs 35 lakh.

A)

Real-Time Money

B)

Real-Time Loan

C)

Real-Time Xpress

D)

Real-Time Insurance

Correct Answer : Option (C) - Real-Time Xpress

State Bank of India (SBI) has announced the introduction of Real-Time Xpress Credit on its Yono platform, allowing eligible customers to get personal loans of up to Rs 35 lakh. The bank said its flagship personal loan product for salaried customers “Xpress Credit” now has a digital avatar and customers can now avail of it through Yono.

Under Real-Time Xpress Credit :

* Real-Time Xpress Credit, central, state government and defence salaried customers of SBI will no longer be required to visit the branch for availing of a personal loan. It would be a 100% paperless and digital experience and an end-to-end eight-step journey.

* The Xpress Credit product will enable our customers to experience a digital, hassle-free, and paperless loan process. SBI constantly endeavour to offer technology-led enhanced digital banking experience to the customers in order to simplify banking.”

6 .

Which bank has joined Retailio to launch co-branded credit cards?

A)

Axis Bank

B)

IDBI Bank

C)

City Union Bank

D)

HDFC Bank

Correct Answer : Option (D) - HDFC Bank

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

7 .

Which Bank has sanctioned a surplus transfer to the Central Government of 30,307 crore rupees for the fiscal year 2021-22 in its Central Board of Directors 596th meet?

A)

Reserve Bank of India

B)

World Bank

C)

European Central Bank

D)

Swiss National Bank

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

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

8 .

Which Bank has merged into a share purchase agreement to sell its remaining 25% stake in private sector life insurer Ageas Federal Life Insurance for Rs 580 crore?

A)

HDFC Bank

B)

IDBI Bank

C)

Axis Bank

D)

ICICI Bank

Correct Answer : Option (B) - IDBI Bank

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..

Source : Business Standard

9 .

Where did the New Development Bank(NDB) open its regional office in India?

A)

Delhi

B)

Karanataka

C)

Gujarat

D)

Telangana

Correct Answer : Option (C) - Gujarat

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

10 .

Which of the following savings clients will have NEFT, RTGS facility available from May 2022?

A)

Indian Railways

B)

HDFC Bank

C)

Post Office

D)

Employees' Provident Fund Organisation

Correct Answer : Option (C) - Post Office

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