Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which bank has tied up with Google to improve the next generation customer experience?

A)

Axis Bank

B)

RBL Bank

C)

HDFC Bank

D)

ICICI Bank

Correct Answer : RBL Bank

RBL Bank stated on Monday(10th Jan 2022) that it has collaborated with Google to strengthen its customer experience strategy and expand value proposition in order to serve its rapidly growing customer base through its digital platform, Abacus 2.0. This collaboration will enable RBL to better manage customer data and analytics and enable effective cross-selling, thereby reducing the cost of customer acquisition significantly.

The lender stated that it aims to provide a superior and holistic one-stop solution to its customers through Abacus 2.0. It also plans to increase its over 4 million customers to a base of 12-14 million users in the next three years in the urban retail asset and liability category. It will leverage Google Cloud’s infrastructure for seamless on-boarding of customers. The infrastructure will also be the technology foundation of a customer acquisition engine with inclusive access to products such as payments, deposits, insurance, credit card, investments, secured loans and more.

Surinder Chawla, Head Branch and Business Banking, RBL Bank said, “Advancing our innovation agenda and building an optimized and agile data platform to serve our existing and prospective customers is one of our critical business priorities. Working with Google, we will augment our customer targeting with solutions such as Google Ads, and explore co-innovation opportunities with platforms like Google Pay to drive user engagement and build new digital offerings.”

Source : Business Today

2 .

Which bank tie-up with Park+ to offer FASTag-based Parking Solutions?

A)

IDFC FIRST Bank

B)

India Post Payments Bank

C)

Fino Payments Bank

D)

Airtel Payments Bank

Correct Answer : Airtel Payments Bank

Airtel Payments Bank and Park+ have collaborated to offer FASTag-based smart parking solutions to marquee commercial and residential properties across India. This partnership will utilize the reach of Airtel Payments Bank to digitize the parking ecosystem using FASTag associated with the vehicle. Park+ is backed by Sequoia Capital and Matrix Partners and is engaged in automating parking spaces through FASTag.

3 .

Who issued the eligibility rules for companies that utilize credit bureau data?

A)

Central Bank of India

B)

State Bank of India

C)

Reserve Bank of India

D)

Union Bank of India

Correct Answer : Reserve Bank of India

Reserve Bank of India (RBI) issued eligibility criteria for entities that harness data from credit information companies (CICs) or credit bureaus. These newly-formed guidelines said that a company’s net worth must be at least Rs 2 crore and owned and controlled by resident Indian citizens to become a designated user with a credit bureau, which comes amid accusations of lending applications with Chinese ties functioning in India.

4 .

What is the latest value of foreign currency reserves of India as per the data by RBI?

A)

$633.614 billion

B)

$654.72 billion

C)

$672.56 billion

D)

$693.65 billion

Correct Answer : $633.614 billion

As per the latest Reserve Bank of India (RBI) data, the foreign currency reserves of India declined by $1.466 billion to $633.614 billion, in the last week of 2021, which ended December 31, 2021. Gold reserves rose by USD 14 million to USD 39.405 billion. India’s forex touched a lifetime high of USD 642.453 billion in the week ended September 03, 2021. Forex reserves include foreign currency assets (FCAs), gold reserves, SDRs and the country’s reserve position with the IMF.

5 .

Which Bank won UiPath Automation Excellence awards 2021?

A)

South Indian Bank

B)

City Union Bank

C)

Punjab National Bank

D)

State Bank of India

Correct Answer : South Indian Bank

The Kerala-based lender South Indian Bank has won the UiPath Automation Excellence Awards 2021 for Best Automation under Crisis for Business Continuity.

The award was bestowed upon the Bank for its exceptional use of Robotic Process Automation capabilities under difficult times for solving severe operational constraints, thereby ensuring business continuity.

The UiPath Automation Excellence Awards aim to recognise the change-makers of automation. In the 2021 Edition of the UiPath Automation Excellence Awards, the individuals and organisations across India and South Asia (Sri Lanka, Bangladesh and Nepal), who have solved some of the greatest challenges through transformative automation projects were recognised.

South Indian Bank has been at the forefront in adopting robotic process automation with a robust ecosystem in place, with a vision to automate complex and mundane processes.

Source : The Hindu BusinessLine

6 .

Who was appointed as the Bank of Baroda Brand Endorser in Jan 2022?

A)

Mithali Raj

B)

Shafali Verma

C)

Smriti Mandhana

D)

Harmanpreet Kaur

Correct Answer : Shafali Verma

Bank of Baroda has signed cricketer Shafali Verma as its brand endorser. The Bank continuously supports the youth of the country through its various banking and non-banking initiatives and this announcement reflects the bank’s ethos of adding value to its customer experience by choosing youth-icons like Shafali to inspire them.”

In 2019, at the age of 15, Shafali became the youngest cricketer to play in a Women’s Twenty20 International match for India. Previously in 2021, Shafali Verma became the 1st Women Cricketer to Hit 3 Sixes in Test Match.

7 .

Who cancelled authorisation certificates of Muthoot Vehicle Finance, Eko India?

A)

State Bank of India

B)

National Housing Bank

C)

Punjab National Bank

D)

Reserve Bank of India

Correct Answer : Reserve Bank of India

Reserve Bank of India (RBI) has cancelled the authorisation certificates of Muthoot Vehicle and Asset Finance Limited and Eko India Financial Services Private Limited for non-compliance with regulatory requirements.

Both the payment system operators (PSOs) had the authorisation for issuance and operation of prepaid payment instruments.

"Following the cancellation of the Certificate of Authorisation (CoA), these companies cannot transact the business of issuance and operation of prepaid payment instruments," RBI said.

However, customers or merchants having a valid claim, if any, on these companies as PSOs, can approach them for settlement of their claims within three years from the date of cancellation.

The CoA was cancelled on December 31, 2021, the central bank said.

8 .

Which bank are issued framework for offline digital payments?

A)

State Bank of India (SBI)

B)

Asian Development Bank(ADB)

C)

Reserve Bank of India (RBI)

D)

Tamilnad Mercantile Bank (TMB)

Correct Answer : Reserve Bank of India (RBI)

To push digital transactions in rural and semi-urban areas, the Reserve Bank of India (RBI) on Monday(03rd Jan 2022) issued a framework allowing offline payments up to Rs 200 per transaction, subject to an overall limit of Rs 2,000.

An offline digital payment means a transaction that does not require internet or telecom connectivity.

Under the offline mode, payments can be carried out face-to-face (proximity mode) using any channel or instrument like cards, wallets, and mobile devices.

9 .

Which bank has appointed Ajay Kumar Chaudhary and Deepak Kumar as its new Executive Directors in Jan 2022?

A)

Central Bank of India

B)

Union Bank of India

C)

Reserve Bank of India

D)

State Bank of India

Correct Answer : Reserve Bank of India

The Reserve Bank of India (RBI) has appointed Ajay Kumar Choudhary and Deepak Kumar as the new executive directors (ED).

According to the RBI statement, the appointment of the new EDs has been made with effect from January 3, 2021.

Prior to being elevated as ED, Ajay Choudhary was serving as the Chief General Manager-in-Charge, Department of Supervision of the Central Bank.

Ajay Kumar Choudhary : Meanwhile, Choudhary has, over a span of three decades, served in supervision, regulation, currency management, payments and settlements, and other areas in the Reserve Bank, in its Central Office as well as Regional Offices. He will look after the fintech department, risk monitoring department and inspection department.

Deepak Kumar : Kumar has over a span of three decades working in RBI’s central office departments covering policy making and project management functions in the areas of information technology, cyber security, payment systems, currency management, human resource management, banking supervision, foreign exchange management.

10 .

Which Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934?

A)

Airtel Payments Bank

B)

Fino Payments Bank

C)

Jio Payments Bank

D)

Kotak Mahindra Bank

Correct Answer : Airtel Payments Bank

Airtel Payments Bank has been categorised as a scheduled bank by the Reserve Bank of India (RBI) in the second schedule of the Reserve Bank of India Act, 1934. With this, Airtel Payments Bank can now pitch for the government. Airtel Payments Bank is among the fastest-growing digital banks in the country, with a base of 115 million users. It offers a suite of digital solutions through the Airtel Thanks app and a retail network of over 500,000 neighbourhood banking points. The bank turned profitable in the quarter ended September 2021.