Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

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.

2 .

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

3 .

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

4 .

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.

5 .

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.

6 .

Which Bank has bagged three awards at the 17th Annual Banking Technology Conference and Awards?

A)

Axis Bank

B)

HDFC Bank

C)

Karnataka Bank

D)

Union Bank of India

Correct Answer : Karnataka Bank

Karnataka Bank has bagged three awards at the 17th Annual Banking Technology Conference and Awards: 2020-21 Next-Gen Banking, instituted by Indian Banks’ Association (IBA). The bank has won the awards under categories: Best Technology Bank of the Year; Best Fintech Adoption; and Best Use of AI/ML & Data Analytics — all runner-ups.

With this focus on technology and digital transformation, the bank endeavours to emerge as ‘Digital Bank of Future’ all the while retaining its core values and identity built on more than 98 years of purposeful banking history.

7 .

By which bank was the Agri Infinity Program launched to develop digital financial solutions for the food and agro-ecosystem?

A)

Yes Bank

B)

ICICI Bank

C)

HDFC Bank

D)

Indian Bank

Correct Answer : Yes Bank

Yes Bank has launched an ‘Agri Infinity’ programme for digital financing solutions in the food and agriculture sector ecosystem by mentoring entrepreneurial ventures in this field. Agri-fintech start-ups working on financial innovations across the food and agriculture value chain are eligible to apply under this programme and can work with Yes Bank for digital solutions.

8 .

Paisabazaar.com has launched 'Paisa on Demand' (PoD) credit card in partnership with which bank?

A)

HDFC Bank

B)

ICICI Bank

C)

Indian Bank

D)

RBL Bank

Correct Answer : RBL Bank

Paisabazaar.com, a digital platform for consumer credit, has partnered with RBL Bank Limited to offer ‘Paisa on Demand’ (PoD), a credit card that will be exclusively available on the Paisabazaar platform. To build products that offer integrated services for the large under-served segments across India. This is the third product under Paisabazaar’s neo-lending strategy.

9 .

Who has been named as Business Standard Banker of the Year 2020-21?

A)

Sandeep Bakhshi

B)

Aditya Puri

C)

Shyam Srinivasan

D)

Amitabh Chaudhry

Correct Answer : Sandeep Bakhshi

Sandeep Bakhshi has been named the Business Standard Banker of the Year 2020-21. He is the managing director (MD) and chief executive officer (CEO) of ICICI Bank.

10 .

Which Bank will acquire Union Bank of India 21% stake in IndiaFirst Life Insurance Company?

A)

Bank of India

B)

Bank of Baroda

C)

Vijaya Bank

D)

State Bank of India

Correct Answer : Bank of Baroda

Bank of Baroda will acquire Union Bank of India’s 21% stake in IndiaFirst Life Insurance Company. It is a joint venture between the Bank of Baroda, Union Bank of India, and Carmel Point Investments. At present, the shareholding in IFIC is BoB holds 44%, Carmel Point Investments India holds 26% and UBI holds 30%. The acquisition is pursuant to a ‘Right of First Offer’ made by UBI to the existing shareholders of IndiaFirst Life, to divest 21% of its stake in IndiaFirst Life.

IndiaFirst Life Insurance Company will continue to have a long term agency distribution agreements with both banks (BOB and UBI), even after this stake sale. Bank of Baroda has a strong domestic presence spanning 8,185 branches and 11,535 ATMs and cash recyclers supported by self-service channels. The bank has a significant international presence with a network of 96 overseas offices spanning 18 countries.

Banking - General Knowledge Questions