Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Who is approves the merger of Equitas SFB, Equitas Holdings?

A)

Asia Development Bank

B)

Reserve Bank of India

C)

Union Bank of India

D)

State Bank Of India

Correct Answer : Reserve Bank of India

Equitas Small Finance Bank and the parent Equitas Holdings Ltd on Friday(6th May 2022) said that the Reserve Bank of India has given its no-objection to their proposal of amalgamation, subject to conditions.

"We would like to inform that RBI in its letter dated May 6, 2022 has conveyed its no-objection to our proposal for voluntary amalgamation of EHL (Equitas Holdings Ltd) with ESFB (Equitas Small Finance Bank)," they said in their stock exchange filings.

The RBI no-objection comes with conditions.

The merger is being effected to comply with the RBI norms on small finance banks, mandating the promoter to reduce the stake in the subsidiary to 40 per cent within five years of commencement of operations by the SFB (Small Finance Bank).

Source : Business Standard

2 .

Which Bank launches digital broking solution in May 2022?

A)

SBI

B)

Indian Bank

C)

Canara Bank

D)

Union Bank of India

Correct Answer : Indian Bank

Public sector Indian Bank has unveiled digital broking solution -- E-Broking -- allowing customers to open a demat and trading account facility, in line with the digitalisation mission of the bank, an official said on Saturday(7th May 2022). The launch of digital broking solution 'E-Broking' was a strategic step towards complete digitalisation of its offerings to customers, a bank statement said.

"E-Broking, an instant and paper-less demat and trading account opening is integrated in the bank's mobile banking application," it said.

IndOASIS, the bank's mobile banking application, would offer customers, a seamless experience from demat and trading account opening to discounted broking services backed by research based investment in the secondary market starting from equity, futures, options, and initial public offerings in a single platform, it said.

"This is a key initiative in line with our digitalisation mission to provide all financial products and services to our customers in an affordable manner under one roof," the bank's executive director, Ashwani Kumar said.

"This will also help the bank to increase its CASA (current account, savings account)...," he said.

The bank said the initiative also enables its customers to invest in the ongoing LIC Initial Public Offering seamlessly.

Source : Business Today

3 .

Which Bank has launched "Skill Loans" in association with the Additional Skill Acquisition Programme (ASAP) in 2022?

A)

Canara Bank

B)

Union Bank of India

C)

South Indian Bank

D)

Kerala Gramin Bank

Correct Answer : Canara Bank

* Higher Education Minister "Dr. R Bindu" launched Wednesday(27th April 2022) Canara Bank’s skill loan.

* The loan ranging from Rs 5000 to Rs 1.5 lakh will be given to students pursuing skill training programmes from ASAP Kerala or any other central or state government recognised agencies conducting National Skills Qualifications Framework (NSQF) or National Skill Development Corporation (NSDC) courses.

* Canara Bank will provide skill loans to students interested in pursuing skill training programmes. This initiative is in association with Additional Skill Acquisition Programme (ASAP) Kerala, the government company under the Higher Education Department.

* The loan is provided without any collateral and has a repayment period of three to seven years.

* Students can also avail moratorium on repayment for the duration of the course and additional six months.

* Students enrolled in the skill courses can apply for the loan directly at the nearest Canara Bank or through the Vidyalakshmi portal and avail of the loan facility without any hindrance..

Source : ASAP Kerala

4 .

Who has elected to Board of New York Federal Reserve Bank in 2022?

A)

Satya Nadella

B)

Thierry Delaporte

C)

Rajesh Gopinathan

D)

Arvind Krishna

Correct Answer : Arvind Krishna

* Arvind Krishna (IBM Chairman and CEO) has been elected to the Board of Directors as a Class B director of the Federal Reserve Bank of New York.

* He will remain in the office for the remaining portion of a three-year term ending December 31, 2023.

* He has been an undergraduate from the Indian Institute of Technology, Kanpur and a PhD from the University of Illinois at Urbana-Champaign.

* He was senior VP of Cloud and Cognitive Software and also headed IBM Research.

Source : Business Today

5 .

Which Bank joins Headstart and Anthill to support startups?

A)

SBI

B)

HDFC

C)

DBS

D)

ICICI

Correct Answer : DBS

* DBS Bank India has partnered with Anthill Ventures (startup venture capital fund) and Headstart Network Foundation (evangelist network) to launch DBS Business Class foundED in April 28, 2022.

* This forum will help modern-day founders, innovators, and game-changers to foster co-innovation and collaboration in the startup ecosystem.

* The first event of DBS BusinessClass foundED was held in Hyderabad with actor "Rana Daggubati".

Source : Ani News

6 .

Who is ties-up with Yes Bank to push financial inclusion?

A)

Rozpay

B)

PayPal

C)

PayU Money

D)

FidyPay

Correct Answer : FidyPay

* FidyPay (fintech API platform) has joined hands with Yes Bank to expand the digital facility to a wide range of enterprises, including SMEs, fintech companies, and start-ups.

* The fintech platform will provide Yes Bank customers with a smooth connected banking experience as part of the partnership.

* FidyPay will also serve as UPI services solution provider.

* FidyPay is backed by Mr. Pratekk Agarwal (the former CBO of BharatPe) and Mr. Ram Pathade (CEO of Mahagram).

Source : Economic Times

7 .

RBI has hiked the policy repo rate by how much much basis points?

A)

50 basis points

B)

40 basis points

C)

35 basis points

D)

30 basis points

Correct Answer : 40 basis points

The Reserve Bank of India (RBI) in a sudden move on May 4, 2022 increased the policy repo rate by 40 basis points to 4.40 percent with immediate effect. This was decided unanimously by the Monetary Policy Committee (MPC) in an off-cycle meeting to reassess the evolving inflation-growth dynamics and the impact of the developments after the MPC meeting of April 6-8, 2022. With this, the Standing Deposit Facility (SDF) rate stands adjusted to 4.15 percent and Marginal Standing Facility (MSF) rate and the Bank Rate to 4.65 percent.

8 .

Which bank has launched a pre-approved personal loan product under Project World of Advance Virtual Experience(WAVE)?

A)

Indian Bank

B)

Canara Bank

C)

Union Bank of India

D)

State Bank of India

Correct Answer : Indian Bank

Indian Bank has launched a Pre-Approved Personal Loan (PAPL) product under Project World of Advanced Virtual Experience (WAVE), which will be serviced only through digital channels.

The PAPL loan can be availed via 'IndOASIS' mobile app, bank’s website and internet banking facility. The loan carries an interest rate of 10% pa at present with no foreclosure charges.

Indian Bank is giving the loan at the finest conditions available in the domestic market, with the option to choose loan tenure from 24 to 48 months and the ability to close the loan before time without penalty.

Started in January 2022, the digital transformation initiative of Indian Bank under Project ‘WAVE' has led to launch of its first digital product PAPL that aims at providing its customers with instant loan disbursement via a three-step process. Currently, it is launched for existing customers of the bank aged 21 years and above, having regular income and pension accounts...

Source : Times of India

9 .

Which Bank launched pre-approved personal loan under Project WAVE?

A)

Indian Bank

B)

Bank of Baroda

C)

Canara Bank

D)

Punjab National Bank

Correct Answer : Indian Bank

Indian Bank has unveiled a pre-approved personal loan (PAPL) product under Project World of Advance Virtual Experience (WAVE) a top official said on Thursday(28th April 2022).

Aims : To provide customers with instant loan disbursements.

The loan would carry an interest rate of 10% p.a. with no foreclosure charges.

The service is available for existing customers (regular income and pension accounts) and can be availed of through a mobile application, website, and internet banking facility.

With the flexibility to opt for a loan tenure between 24 and 48 months and the ability to pre-close the loan without any penalties, Indian Bank is offering the loan at the best terms available in the domestic market,” Jain added..

Source : The Print

10 .

Which Bank became the first public sector bank to go live on the Account Aggregator (AA) ecosystem?

A)

State Bank of India

B)

Indian Bank

C)

Union Bank of India

D)

Central Bank of India

Correct Answer : Union Bank of India

Union Bank of India became the first public sector bank to go live on the Account Aggregator (AA) ecosystem. The framework facilitates sharing of financial information on a real-time basis between regulated entities. AAs are licensed by the Reserve Bank of India to enable the flow of data between Financial Information Providers (FIPs) and Financial Information Users (FIUs).

The Account Aggregator Ecosystem helps the Lenders to leverage Digital data acquired with the consent of the Customers for providing them with a seamless journey and eliminating the need of physical documentation. Financial Information User (FIU) can request data from the Financial Information User (FIP) based on a simple consent given by the Customer on their Account Aggregator handle.