Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which Bank launches Green Deposits programme?

A)

DBS Bank India

B)

ADS Canadian Bank

C)

European Central Bank

D)

Asian Development Bank

Correct Answer : DBS Bank India

DBS Bank India has announced the launch of its Green Deposit Programme for corporate clients providing a simple way for companies to support environmentally-friendly projects or avenues. DBS Bank is one of the few banks globally to integrate Sustainable Development Goals by offering lending & trade credit solutions to sustainable and environmentally-friendly green sectors and now offering a Green Deposit product.

2 .

By which bank was the "AutoFirst" application launched to provide fully automated auto loans?

A)

ICICI Bank

B)

HDFC Bank

C)

Union Bank of India

D)

Kotak Mahindra Bank

Correct Answer : HDFC Bank

'Small' is big business for India's most valuable bank. After the regulator eased all curbs, HDFC Bank has decided to create a dedicated app for mom-and-pop stores to push merchant loans.

The bank now clocks at least ₹1,000 crore in merchant loans every month and is looking to triple the run rate. HDFC Bank will also launch an application 'AutoFirst' that will offer fully automated auto loans. "We don't want to wait for the most perfect product to launch, we will put together a minimum viable product and upgrade the offerings," said Parag Rao, country head-payments, HDFC Bank, in an interview with ET.

Already in its pilot phase, the SmartHub Vyapar programme for merchants will be launched soon. It is an app that bundles all payment platforms - cards, UPI, QR code, tap pay and SMS-based payments.

"We are doing fund flow-based underwriting so that inside the app itself, merchants will have access to the quantum of loan eligibility," Rao said. "The merchant can avail of working capital or short-term loans, a business card or loan on the business card.".

Source : Economic Times

3 .

Which bank has announced the launch of SmartHub Vyapar programme?

A)

SBI

B)

Axis Bank

C)

HDFC Bank

D)

ICICI Bank

Correct Answer : HDFC Bank

SmartHub Vyapar programme : It is an app by "HDFC Bank" that bundles all payment platforms – cards, UPI, QR code, tap pay and SMS-based payments. The programme for merchants will be launched soon and is in the pilot phase.

4 .

The SBI bank has announced its plan to set up its Innovation, Incubation and Acceleration Centre (IIAC) in which city of the country?

A)

Chennai

B)

Mumbai

C)

Bangalore

D)

Hyderabad

Correct Answer : Hyderabad

State Bank of India (SBI) will set up an Innovation, Incubation and Acceleration Centre (IIAC) at Hyderabad, Telangana.

5 .

Which Bank won 'Asian Bank of the Year' at IFR Asia Awards 2021?

A)

ICICI Bank

B)

HDFC Bank

C)

Axis Bank

D)

Indian Bank

Correct Answer : Axis Bank

India’s third-largest private sector bank, Axis Bank has been awarded IFR Asia’s Asian Bank of The Year 2021, for its breadth of coverage and depth of expertise in the Asian investment banking space. The award acknowledges the bank’s outstanding performance in equity and debt issuance, across all major products and segments. Axis Bank was the only local house to serve as a global coordinator for the record Rs. 183 Bn Paytm IPO, and was also the global coordinator for Macrotech Developers’ Rs. 25 Bn IPO.

This year, the bank has also won the ‘Best DCM House in India’ Award at the Finance Asia’s Country Awards. Axis Bank has been No. 1 on the Bloomberg League Table ranking for 15 consecutive calendar years and has maintained its leadership position in the domestic Debt Capital Market.

Globally : Morgan Stanley has been honoured with the Bank of the year award at the IFR Asia Award 2021 and the JSW Group has been awarded with the Issuer of the year award. The awards are organized by IFR Asia, a Hong Kong-based provider of capital markets intelligence.

6 .

Which bank was punished by RBI for data breach to Chinese companies?

A)

Paytm Payments Bank

B)

Jio Payments Bank

C)

Fino Payments Bank

D)

Airtel Payments Bank

Correct Answer : Paytm Payments Bank

Paytm Payments Bank, which processes transactions for India’s digital payments giant Paytm, was barred from taking on new customers because it violated rules by allowing data to flow to servers abroad and didn’t properly verify its customers, according to a person familiar with the matter.

Annual inspections by the Reserve Bank of India found that the company’s servers were sharing information with China-based entities that indirectly own a stake in Paytm Payments Bank, the person said, asking not to be identified as the details are private. Paytm Payments Bank is a joint venture between Paytm and its founder Vijay Shekhar Sharma. China’s Alibaba Group Holding Ltd. and its affiliate, Jack Ma’s Ant Group Co., own shares of Paytm, according to exchange filings.

An email to the RBI wasn’t immediately answered.

Meanwhile, Paytm Payments Bank termed the Bloomberg report claiming data leak to Chinese firms being the reason behind RBI’s action on the company as “false and sensationalist.”

“Paytm Payments Bank is proud to be a completely homegrown bank, fully compliant with RBI’s directions on data localisation. All of the Bank’s data resides within India,” the company said in a tweet..

Source : Business Standard

7 .

Who is the new Managing Director (MD) of the State Bank of India (SBI) in March 2022?

A)

Kalpana Morparia

B)

Ashwani Bhatia

C)

Chanda Kochhar

D)

Chitra Ramkrishna

Correct Answer : Ashwani Bhatia

The government has appointed veteran banker Ashwani Bhatia as the whole time member of the Securities and Exchange Board of India (Sebi).

Bhatia, who is currently the managing director — stressed assets and information technology at State Bank of India, has been appointed for a period of three years.

Prior to his elevation as MD of SBI, Bhatia was the chief executive of SBI Mutual Fund. Bhatia, who started his career with SBI in 1985 as a probationary officer, will retire on May 31,2022.

The positions of two whole time members at Sebi were vacant at Sebi, after the tenures of G Mahalingam and Madhabi Puri Buch ended last year. Buch was appointed as the Sebi chairperson last month. The other two whole time members on the board of Sebi are SK Mohanty and Ananta Barua.

The government has also nominated two officials to the regulator’s board.

Ajay Seth, secretary, Department of Economic Affairs (DEA) has been appointed in place of Anand Mohan Bajaj, additional secretary, DEA. The government has nominated Rajesh Verma, secretary, Ministry of Corporate Affairs (MCA) in place of KVR Murthy, joint secretary, MCA..

Source : Economic Times

8 .

Which bank has launched the 'HouseWorkIsWork' initiative for urban educated women who want to rejoin the professional space?

A)

SBI

B)

HDFC Bank

C)

ICICI Bank

D)

Axis Bank

Correct Answer : Axis Bank

Axis Bank has rolled out an initiative called ‘HouseWorkIsWork’ to offer opportunities to such urban educated women who want to rejoin the professional space.

9 .

Which Bank has launched the 'HouseWorkIsWork' project, which provides possibilities for those who want to return to the workforce?

A)

SBI

B)

Axis Bank

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : Axis Bank

Due to a low participation of urban educated women in the workforce, Axis Bank has launched the ‘HouseWorkIsWork’ project, which provides possibilities for those who want to return to the workforce. In an interview about the bank’s recent hiring initiative ‘HouseWorkIsWork,’ Axis Bank President and Head (HR) Rajkamal Vempati said, “The intent behind this initiative is to give these women the confidence that they are employable, that they have skills, and that they can fit in various job roles in a bank, and it is about getting these women back to work.”

10 .

Which bank has partnered with software company ToneTag for "VoiceSe UPI payments service"?

A)

Paytm Payments Bank

B)

Airtel Payments Bank

C)

NSDL Payments Bank

D)

India Post Payments Bank

Correct Answer : NSDL Payments Bank

ToneTag has partnered with NSDL Payments Bank and NPCI to launch its “VoiceSe UPI payments service” for feature phone users. This comes after the Reserve Bank of India has launched the UPI 123Pay facility that enables UPI payments for feature phone users. ToneTag is a sound-based proximity communication and payments service provider based in Bengaluru, Karnataka.

To access the “VoiceSe UPI payments service” feature phone users need to call on the IVRS number 6366 200 200. Every user can only proceed with the financial transaction through UPI PIN. They do not require internet connectivity or a smartphone for making payments. This is an all-inclusive technology that fills the gap in the existing financial ecosystem and brings many benefits to the customers.

Banking - General Knowledge Questions