Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which bank license has been cancelled by RBI in Feb 2022?

A)

Kerala Gramin Bank (Kochi)

B)

Allahabad Bank (Delhi)

C)

Punjab National Bank (Haridwar)

D)

Co-operative Bank (Nashik)

Correct Answer : Co-operative Bank, Nashik

The licence of Independence Co-operative Bank, Nashik has been cancelled as it does not have adequate capital and earning prospects, the RBI said on Thursday(February 3, 2022). Independence Co-operative Bank has ceased to carry on banking business with effect from the close of business hours on February 3, 2022 (Thursday), the RBI said in a statement. On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to a ceiling of Rs 5 lakh from the Deposit Insurance and Credit Guarantee Corporation (DICGC).

As per the data submitted by the bank, more than 99 percent of the depositors are entitled to receive full amount of their deposits from DICGC. The RBI said the bank has failed to comply with the requirements the Banking Regulation Act, 1949.

Source : Financial Express

2 .

Which bank will introduce a digital rupee in India?

A)

RBI

B)

SBI

C)

KVB

D)

CUB

Correct Answer : RBI

Finance Minister Nirmala Sitharaman announced the government's intent to introduce a digital rupee in her Union Budget 2022-23 speech on February 1, 2022. The Finance Minister announced that the digital currency or digital rupee will be introduced by the central bank of India using blockchain and other technologies.

3 .

The Reserve Bank of India has imposed a number of restrictions on which bank, including a cap of Rs 1 lakh on withdrawals?

A)

Canara Bank

B)

Chaitanya Godavari Grameena Bank

C)

Andhra Pragathi Grameena Bank

D)

Indian Mercantile Co Operative Bank Ltd

Correct Answer : Indian Mercantile Co Operative Bank Ltd

The Reserve Bank India on Friday(28th Jan 2022) said it has imposed several restrictions on "Indian Mercantile Cooperative Bank Ltd", Lucknow, including a cap of Rs 1 lakh on withdrawals.

The restrictions came into force from closure of business hours on January 28, 2022 (Friday).

In a statement, RBI said the Lucknow-based co-operative bank will not, without its prior approval, grant or renew any loans and advances, or make any investment.

"In particular, a sum not exceeding Rs 1 lakh of the total balance across all savings bank or current accounts or any other account of a depositor, may be allowed to be withdrawn...", subject to certain conditions, it added.

The central bank, however, added the directions should not per se be construed as a cancellation of the banking licence by the RBI.

Source : Business Standard

4 .

Which Bank has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC.

A)

Reserve Bank of India (RBI)

B)

State Bank of India (SBI)

C)

Asian Development Bank (ADB)

D)

India Post Payments Bank (IPPB)

Correct Answer : State Bank of India (SBI)

State Bank of India (SBI) said on Friday(28th Jan 2022) that it has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC. This is the first such issuance by any Indian Bank in Formosa Bond market. Formosa bond is a bond issued in Taiwan.

Commenting on the listing, V. Balasubramaniam, MD and CEO, INDIA INX said, "We are delighted to be the first Exchange in IFSC to list Formosa Bonds issued by SBI, we thank SBI team for continually reposing this trust on our platform and congratulate them on their success."

"SBI was the first issuer whose Green bonds were dually listed in November 2021 on Luxembourg Stock Exchange through a MOU that has been entered into by both Exchanges. With this, our total bond listings are now over $34.5 + billion with the total medium-term notes established to the tune of $58+ billion, making our exchange the platform of choice for issuers of foreign currency bonds," he added.

Ashwini Kumar Tewari, Managing Director, SBI said, "This issuance was at the tightest spread ever for a 5- year public issuance by an Indian financial institution, which demonstrates the strong investor base SBI has created for itself in the offshore capital markets allowing it to venture in to new markets."..

Source : Business Today

5 .

The Tata Group has recently selected three banks for Air India as its preferred bankers. Which of these banks is not among them?

A)

HDFC Bank

B)

Bank of Baroda

C)

ICICI Bank

D)

State Bank of India

Correct Answer : ICICI Bank

The Tata Group have chosen State Bank of India, Bank of Baroda and HDFC Bank as preferred bankers for Air India, the country's largest international airline that it took over from the government on Thursday(27th Jan 2022), people aware of the matter said.

Tata Sons on Thursday availed of a Rs 10,000-crore loan from SBI and a Rs 5,000-crore loan from BoB, one of them said. The loans are unrated, unsecured, and pegged at 4.25% [interest rate] annually, the person said.

The new debt availed by the Tata Group will be used to refinance Air India's debt availed at over 10%, sources said. It is not known if Tatas have drawn a loan from HDFC Bank yet. Tata Group, SBI, BoB and HDFC Bank did not respond to ET's query as of press time on Friday(28th Jan 2022).

Source : Economic Times

6 .

Which entity has partnered with NPCI to enable Indian customers with an active UPI ID to receive real-time, international payments into their bank accounts?

A)

TerraPay

B)

Transfast

C)

Small World

D)

Western Union

Correct Answer : TerraPay

TerraPay (a leading global payments infrastructure company) has signed a Memorandum of Understanding (MOU) with NPCI International Payments Limited (NIPL) that will allow Indian customers with an active UPI ID to receive real-time, international payments into their bank accounts via TerraPay’s secure payments technology.

7 .

Which bank has been notified by the Government to merge with Unity Small Finance Bank Limited?

A)

YES Bank

B)

Axis Bank

C)

PMC Bank

D)

IDBI Bank

Correct Answer : PMC Bank

The Central government on Tuesday(January 25, 2022) sanctioned and notified the scheme for the amalgamation of Punjab and Maharashtra Co-operative Bank Ltd (PMC Bank) with Unity Small Finance Bank Ltd. (USFBL).

The amalgamation will come into force with effect from the date of the notification of the scheme — January 25, 2022. All the branches of the PMC Bank will function as branches of Unity Small Finance Bank Ltd with effect from this date, the RBI said.

“USFBL is making necessary arrangements to implement the provisions of the scheme,” it said. Unity SFB is a joint venture between Centrum Group and BharatPe. It commenced operations as a small finance bank (SFB) with effect from November 1.

Source : Indian Express

8 .

Hackers hacked which bank and transferred 12 crores to different accounts?

A)

Suryoday Small Finance Bank Limited

B)

North East Small Finance Bank Limited

C)

Baroda Rajasthan Kshetriya Gramin Bank

D)

Andhra Pradesh Mahesh Co-Operative Urban Bank

Correct Answer : Andhra Pradesh Mahesh Co-Operative Urban Bank

Cyber criminals allegedly hacked the servers of the "Andhra Pradesh Mahesh Cooperative Urban Bank" and allegedly transferred over Rs 12 crore to different accounts.

The police said that some people hacked into the bank servers and later logged into main accounts and transferred the amount to more than 100 bank accounts. The fraud came into force when the bank officials held an internal verification and lodged a complaint with Cyber Crime police in Hyderabad.

The bank officials lodged a complaint with the police after the fraud came to light during internal verification. A police team visited the main branch of the bank to launch the probe.

"The destination banks were informed and necessary steps were immediately initiated to secure our funds. The bank's funds are insured against cyber-attack," the bank official .

AP Mahesh Cooperative Bank has a total of 45 branches covering four states having its head office in Hyderabad.

Source : India Today

9 .

Which bank has launched EASY PAY Integrated Debit Card facility in Fitness Watch?

A)

Union Bank

B)

City Union Bank

C)

HDFC Bank

D)

ICICI Bank

Correct Answer : City Union Bank

City Union Bank, the oldest Private Sector Bank in India, in association with smart-tech-enabled preventive healthcare platform GOQii and powered by National Payments Corporation of India (NPCI), has launched a wearable payment solution called CUB fitness watch debit card.

“We used advanced technology to enable our customers to make digital transactions in a contemporary, safe and secure fashion. We are happy to introduce this CUB Easy Pay Debit Card in a Fitness Watch providing our customers with an easy tap and go payment solution,” said N Kamakodi, managing director and chief executive officer of City Union Bank.

Source : Business Standard

10 .

Whose appointment as Independent Chairman of Unity Small Finance Bank has been approved by RBI in 20th Jan 2022?

A)

Ashok Khemka

B)

Anil Swarup

C)

Durga Shakti Nagpal

D)

Vinod Rai

Correct Answer : Vinod Rai

The Reserve Bank of India (RBI) on Thursday(20th Jan 2022) approved the appointment of Vinod Rai, former Comptroller and Auditor General (CAG) of India as Independent Chairman of Unity Small Finance Bank Limited (Unity Bank).

A former IAS officer, Rai has rich experience in multiple capacities with the Ministry of Finance, Commerce, Defense as well as with Federal and State Governments and Private Institutions. He was also Chairman of the Banks Board Bureau, the body which advises the Government on top-level appointments at public sector banks and ways to address bad loans..

Source : CNBCTV18