Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which Bank launches digital renewal scheme for Kisan credit card holders in June 2022?

A)

SBI

B)

Bank of India

C)

Canara Bank

D)

Indian Bank

Correct Answer : Indian Bank

Indian Bank launched its KCC Digital Renewal scheme, enabling eligible customers to renew their Kisan Credit Card accounts via digital modes.

The initiative is part of the bank’s digital transformation under project ‘WAVE’ - World of Advanced Virtual Experience.

The account renewals can be done using Indian Bank’s IndOASIS mobile app and internet banking.

Out of the total agriculture portfolio of ₹88,100 cr, KCC constitutes ₹22,300 cr with 15.84 lakh customers.

Source : The Hindu Businessline

2 .

Who has decided to increased the existing limits on individual housing loans provided by cooperative banks?

A)

World Bank

B)

Reserve Bank of India

C)

State Bank of India

D)

Asian Development Bank

Correct Answer : Reserve Bank of India

The Reserve Bank of India (RBI) raised the upper limit of the home loans provided by cooperative banks to the individual borrowers by at least 100%. The limits have been revised after almost a decade, considering the rise in housing prices. The decision will help increase the demand for housing loans and facilitate better credit flow to the housing sector.

The RBI also allowed Urban Cooperative Banks (UCBs) to provide doorstep banking services to meet customers’ needs, especially senior citizens and differently-abled persons.

The upper limit for individual housing loans granted by tier-I UCBs has been revised from Rs 30 lakh to Rs 60 lakh. For tier-II UCBs, the upper limit for individual housing loans has been revised from Rs 70 lakh to Rs 1.40 crore. These limits were last revised in 2011 and 2009 for UCBs and RCBs, respectively.

For Rural Cooperative Banks (RCBs) with an assessed net worth of less than Rs 100 crore, the limits for individual borrowers have been revised to Rs 50 lakh from Rs 20 lakh, and for other RCBs, the limits have been increased to Rs 75 lakh from Rs 30 lakh..

Source : Clear Tax

3 .

Which Bank appoints R Subramaniakumar as new MD and CEO in June 2022?

A)

Axis Bank

B)

Indian Bank

C)

RBL Bank

D)

IDBI Bank

Correct Answer : RBL Bank

RBL Bank slumped 16.19% to Rs 95 after the bank appointed R Subramaniakumar as the new Managing Director and CEO of the bank for three years.

R Subramaniakumar is a banker with 40 years of experience. He is an Independent Director of the LIC Pension Fund. He is a physics graduate with PGDCA (post graduate diploma in computer application). He has acquired CISA (certified information system audit) & CISM (certified information security manager) from ISACA, USA. He is a banker with CAIIB (certified associate of indian institute of bankers) and also holds advanced banking certificate from University of Maryland, USA.

Shares of RBL Bank have tumbled 16.55% in two trading sessions from its previous closing high of Rs 113.85 on 9 June 2022. The stock has lost 58% from its 52-week high of Rs 226.45 recorded on 8 July 2021.

Shares of the private sector bank hit an all time low of Rs 92.75 in intraday today on the BSE..

Source : Business Standard

4 .

Which Bank Partners With "ZestMoney" To Expand Its 'Cardless EMI' Facility?

A)

ICICI

B)

HDFC

C)

Axis Bank

D)

Union Bank of India

Correct Answer : ICICI

ICICI Bank on Thursday(9th June 2022) announced that it has partnered with ZestMoney to expand its ‘Cardless EMI’ facility for purchases at retail and e-commerce platforms. The partnership enhances affordability of millions of customers of the bank who can use pre-approved cardless credit to instantly buy products/ services using ZestMoney and take care of the cost into Equated Monthly Installments (EMIs).

Customers can convert transactions up to Rs 10 lakh into EMIs by simply putting their registered mobile number, PAN and OTP (received on registered mobile number) at the check-out of the e-commerce website/app or at the PoS machine in retail outlets, without using cards. The facility, in partnership with ZestMoney, is live on select e-commerce websites and will soon be available at retail stores.

With this partnership, the bank’s customers will be able to use ZestMoney's wide merchant base. They will also be able to use ZestMoney’s flagship ‘Pay-in-3’ offering, where they can split the bill into three EMIs without extra cost.

Source : Business World

5 .

RBI has increased policy repo rate to how much in 8th June 2022?

A)

4.90%

B)

5.20%

C)

5.50%

D)

5.74%

Correct Answer : 4.90%

The Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) on Wednesday(8th June 2022) voted unanimously to increase the repo rate by 50 basis points to 4.90% in a bid to slow inflation that it estimates will average 7.5% in the current April-June quarter.

The MPC also decided to remain focused on the withdrawal of accommodation which had been provided to support the COVID-19 hit economy, to ensure that inflation remains within the target going forward, while supporting growth, RBI Governor Shaktikanta Das said while announcing the rate increase.

Source : The Hindu

6 .

Which bank announced the results of the 1st Global Hackathon "HARBINGER 2021"?

A)

State Bank of India

B)

Union Bank of India

C)

Central Bank of India

D)

Reserve Bank of India

Correct Answer : Reserve Bank of India

The Reserve Bank of India had launched its first global hackathon – “HARBINGER 2021 – Innovation for Transformation” with the theme ‘Smarter Digital Payments’ which was communicated. The hackathon received encouraging response with 363 proposals submitted by teams from within India and from 22 other countries including the USA, UK, Sweden, Singapore, Philippines, and Israel.

The Hackathon ran in three phases with shortlisting of proposals in the first phase, solution development in the second phase followed by the final evaluation in the third phase.

The third phase of final evaluation was held on May 26-27, 2022 in Bengaluru wherein 24 finalist teams presented their solutions for the problem statements to the jury of external experts who evaluated and selected the winners and runners-up based on parameters like innovation, technology, demonstration, user experience, security, ease of implementation.

Source : India Times

7 .

Which bank has announced the collaboration with global information technology services and consulting firm, Accenture to digitally transform its lending business?

A)

Axis Bank

B)

HDFC Bank

C)

ICICI Bank

D)

Kotak Mahindra Bank

Correct Answer : HDFC Bank

NBFC giant, HDFC on Thursday(2nd June 2022) announced the collaboration with global information technology services and consulting firm, to digitally transform its lending business. The tie-up will revamp HDFC’s customer experience and business processes to provide greater operational agility and efficiency, and drive business growth..

Source : F T L

8 .

Who was the first woman of Indian-origin to be appointed to the Monetary Panel of the Bank of England?

A)

Dr Uma Chandra

B)

Dr Alekya Nair

C)

Dr Swati Dhingra

D)

Dr Ravali Manohar

Correct Answer : Dr Swati Dhingra

UK-based academic, Dr Swati Dhingra has been appointed as the first Indian-origin woman as an external member of the Bank of England's interest rate-setting committee.

She is an Associate Professor of Economics at the London School of Economics (LSE) and having a specialisation in international economics and applied microeconomics.

She will join the Monetary Policy Committee (MPC) on August 9, 2022 for a three-year term.

The Bank of England's independent MPC makes decisions about the operation of monetary policy of the UK. It comprises the Governor of the Bank of England, its three Deputy Governors, one member of the Bank with responsibility for monetary policy and four external members who are appointed by the Chancellor.

Source : India Times

9 .

Which was the first Japanese bank to open a branch in Gujarat International Financial Tech City (Gift City)?

A)

Chase Bank

B)

Bank of America

C)

Deutsche Bank

D)

MUFG Bank

Correct Answer : MUFG Bank

MUFG Bank becomes the first Japanese bank to open a branch at Gujarat International Financial Tech City (GIFT City) in a bid to offer a wide range of banking services to both domestic and global clients.

MUFG Bank has already taken all necessary approvals from the International Financial Services Centre Authority (India) and the Financial Services Agency (Japan) to set up a branch at GIFT City.

MUFG had opened its first branch in Mumbai in 1953..

Source : New Indian Express

10 .

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 : 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

Banking - General Knowledge Questions