Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which Bank launches "Project Banksakhi" in Odisha?

A)

SBI

B)

ICICI Bank

C)

Indian Bank

D)

Bank of Maharashtra

Correct Answer : Bank of Maharashtra

Public sector lender, Bank of Maharashtra (BoM) has announced the launch of “Project Banksakhi” in Odisha in collaboration with Mahagram & Sunivesh India Finance Services Pvt. Ltd. for Online Bank Account opening. It will provide doorstep and hassle-free access to the people of Odisha for opening bank accounts. The people of Odisha using our innovative customer-friendly financial services and best in class customer experience across digital and physical touchpoints.

Bank of Maharashtra has been catering to the banking needs of customers offering a spectrum of banking products and financial services covering Retail, Agri and MSME sectors to its more than 2 crore customers. Apart from its physical delivery channels, the bank offers various digital platforms like mobile banking, internet banking, AEPS, ATM-Debit Card, 24×7 customer care centre for accessing uninterrupted banking services to its customers.

2 .

Which Bank has launched the "Union MSME RuPay Credit Card" in association with the National Payments Corporation of India (NPCI)?

A)

ICICI Bank

B)

HDFC Bank

C)

IndusInd Bank

D)

Union Bank of India

Correct Answer : Union Bank of India

The Union Bank of India has launched the ‘Union MSME RuPay Credit Card’ in association with the National Payments Corporation of India (NPCI). It is a first of its kind initiative in the industry, to provide simplified and digital delivery of Finance to Micro, Small & Medium Enterprises (MSMEs), to meet their business-related operational expenses.

The dedicated card for MSMEs will be available to eligible borrowers of the Union Bank of India. The Union MSME RuPay Credit Card was launched by Union Minister for Micro, Small & Medium Enterprises, Shri Narayan Rane on February 25, 2022, at the two days MSME Conclave being held in Sindhudurg district of Maharashtra.

3 .

Which bank has announced a US Dollar/Rupee two-year sell-buy swap auction?

A)

Reserve Bank of India

B)

Standard Chartered Bank

C)

Bank of America Corp

D)

JPMorgan Chase Bank

Correct Answer : Reserve Bank of India

Reserve Bank of India’s announcement to undertake a sell/buy swap auction of $5 billion next month will likely help in leveling the rupee liquidity ahead of the expected behemoth IPO of Life Insurance Corp of India, which could lead to a gush of US dollar inflows, experts say. Through the auction, RBI will conduct a spot sale to sell $5 billion worth of US dollars to banks on March 10, 2022 in exchange of rupees, and will make a forward purchase from banks in two years on March 11, 2024. In effect, this will reduce RBI’s current foreign exchange reserves, while increasing its two-year forward USD purchases.

“Every action from a central bank has impact at two levels – direct and indirect. While direct impact is clear and can be easily interpreted (on forward premium and rupee liquidity), it is the indirect one, which makes the difference for market participants. And to our mind, the bigger and indirect objective of RBI is to create room for itself ahead of LIC IPO, to intervene in FX market, if there is some large inflows,” Kotak Securities said in a note Tuesday. As of February 20, the banking system has a surplus liquidity of Rs 6.96 crore.

Source : Financial Express

4 .

Which nation has imposed sanctions on Russian banks and individuals?

A)

Germany

B)

United Kingdom

C)

United States

D)

Canada

Correct Answer : United Kingdom

The United Kingdom will impose sanctions on five Russian banks and three "very high-net worth individuals" following the deployment of troops to two Moscow-backed regions of Ukraine. This was announced by UK Prime Minister Boris Johnson on February 22, 2022.

5 .

Which bank has partnered with Assam Rifles to provide Central Forces Salary Package to all personnel of the force?

A)

Canara Bank

B)

Indian Bank

C)

Bank of Baroda

D)

Punjab National Bank

Correct Answer : Bank of Baroda

Bank of Baroda has signed a Memorandum of Understanding (MoU) with Assam Rifles, the oldest paramilitary force, to provide the Baroda Central Forces Salary Package to all personnel of the Assam Rifles.

6 .

Which bank has become the first to enter in the metaverse?

A)

UBS

B)

Barclays

C)

JPMorgan

D)

Citibank

Correct Answer : JPMorgan

JPMorgan (largest bank in the U.S.) announced that it has become the first bank to enter in the metaverse. It has opened a lounge in Decentraland i.e. a virtual world based on blockchain technology.

7 .

From the Central Bank of Singapore, the Government of Singapore and other mutual fund companies, Which bank has been in the news recently for raising Rs 550 crore?

A)

State Bank of India (SBI)

B)

IndusInd Bank

C)

IDFC First Bank

D)

Equitas Small Finance Bank

Correct Answer : Equitas Small Finance Bank

Equitas Small Finance Bank has raised Rs 550 crore from the government of Singapore, Singapore's central bank and a host of local mutual funds in the qualified institutional placement of equities.

The government of Singapore invested about Rs 155 crore while the Monetary Authority of Singapore put in Rs 36 crore.

The balance Rs 359 crore was invested by mutual funds Nippon Life India Trustee, SBI Mutual Fund, ICICI Prudential, HDFC Mutual Fund and HDFC Trustee Company.

The bank sold the shares at Rs 53.59 apiece, which is at about a 5 per cent discount to the floor price of Rs 56.40. The price includes a premium of Rs 43.59 over the face value of Rs 10 per share. The stock was at Rs 53.45 on BSE at the end of Friday's session.

The share sale through qualified institutional placement (QIP) will reduce the promoters holding to 75 per cent and raise public shareholding to a minimum of 25 per cent, as stipulated by the market regulator Securities & Exchange Board of India.

The promoter of the bank – Equitas Holdings – holds 81.36 per cent while the balance 18.64 per cent lies with the public, according to the shareholding pattern at the end of December 2021..

Source : Economic Times

8 .

Name the bank which has recently acquired a majority stake in India Debt Resolution Company Limited (IDRCL)?

A)

Canara Bank

B)

Punjab National Bank (PNB)

C)

Kotak Mahindra Bank

D)

State Bank of India (SBI)

Correct Answer : Canara Bank

Canara Bank has picked up 14.9 per cent in India Debt Resolution Company Limited (IDRCL) while Bank of Baroda bought 12.3 per cent in it.

IDRCL is an asset management company set up by the government with an authorized capital of Rs 50 crore. It will work in tandem with the National Asset Reconstruction Company Ltd (NARCL) to clean up the banking sector's bad loans. IDRCL will provide management and resolution of assets acquired by NARCL.

Public sector lenders will hold 49 per cent in IDRCL while private sector lenders will hold 51 per cent.

Canara Bank has subscribed to 1.2 lakh equity shares of Rs 10 and BoB has subscribed to 99,000 equity shares at par. Canara Bank's stake in IDRCL will be reduced to 5 per cent by the end of the current fiscal while BoB's stake will be reduced to 9.9 per cent, according to regulatory filings by these lenders.

Source : Economic Times

9 .

The Kotak Mahindra Bank has partnered with which company to provide integrated Point of Sale (PoS) solutions to its merchant partners?

A)

PayU

B)

Ezetap

C)

Paytm

D)

Paypal

Correct Answer : Ezetap

Kotak Mahindra Bank has partnered with Ezetap to provide integrated Point of Sale (PoS) solutions to merchants across 4,000 locations in India.

10 .

Which bank has won the highest number of awards at IBA's Annual Banking Technology Awards 2021?

A)

State Bank of India

B)

South Indian Bank

C)

Kotak Mahindra Bank

D)

The Jammu & Kashmir Bank

Correct Answer : South Indian Bank

Indian Banks’ Association (IBA) has announced the IBA’s 17th Annual Banking Technology Awards 2021 on February 14, 2022. In total South Indian Bank has won 6 awards in the event.