Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which bank signed a co-lending agreement with U GRO Capital?

A)

Union Bank of India

B)

Reserve Bank of India

C)

Central Bank of India

D)

State Bank of India

Correct Answer : Central Bank of India

MSME lending fintech platform, U GRO Capital on Wednesday(22-12-2021) announced that it has signed a co-lending agreement with Central Bank of India.

Under this partnership, the two entities aim to disburse up to Rs 1000 crore to U GRO Capital’s varied MSME segments under its programmes like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in the next 12 months.

The co-lending arrangement with Central Bank of India will work towards providing formal credit to underserved MSMEs at affordable rates across all product categories of U GRO Capital, it said in a statement.

Source : Money Control

2 .

Which bank grabbed top spot in Digital Payments FY2020-2021?

A)

Axis Bank

B)

Canara Bank

C)

Bank of Baroda

D)

State Bank of India

Correct Answer : Bank of Baroda

Bank of Baroda has announced it has won the 1st position in overall digital transactions amongst large banks for FY2020-2021. The bank showed the exceptional growth of digital payment transactions achievement and was felicitated by the Ministry of Electronics & Information Technology (MeitY), Govt. of India at the Digital Payments Utsav.

To commemorate the 75th anniversary of the Independence of India, MeitY is celebrating “Digital Payments Utsav”. As a part of the celebration, the Bank of Baroda has been conferred with 5 DigiDhan awards for FY 2019-20 & 2020-21 in various categories. BoB has been conferred with five DigiDhan awards for FY 2019-20 & 2020-21 in various categories.

3 .

Which Bank has empanelled as the banking partner of the state government of Maharashtra with an aim to offer its services to employees of the State Government?

A)

Federal Bank

B)

Kotak Mahindra Bank

C)

IDFC FIRST Bank

D)

Equitas Small Finance Bank

Correct Answer : Equitas Small Finance Bank

Equitas Small Finance Bank has empanelled as the banking partner of the state government of Maharashtra with an aim to offer its services to employees of the State Government. The Bandhan Bank, Karur Vysya Bank, and the South Indian Bank have been assigned the role of distributing salaries and allowances to the government employees.

This partnership will enable the ESFBL to distribute salaries and allowances to the existing employees apart from making provision of pension to pensioners. The state government has authorised the Equitas SFB to open salary and pension accounts for the existing and retired employees across 58 branches of the bank across the state.

4 .

which bank Launches 3-in-1 Account Facility in india?

A)

State Bank Of India (SBI)

B)

Bank of Maharashtra

C)

Karur Vysya Bank

D)

Union Bank of India(UBI)

Correct Answer : State Bank Of India (SBI)

The State Bank of India, country’s largest public sector lender, comes up with new policies and facilities for its customers from time to time for ease of business. This time, the bank has launched a 3-in-1 account facility to help its account holders have a seamless trading experience.

The SBI 3-in-1 account comprises a savings bank account, a Demat account, and an online trading account — all at once — to help customers get a smooth paperless trading experience. The State Bank of India said in a note that people who are interested in opening the account can log in to its website for further details and queries.

Source : MSN

5 .

Who fined PNB and ICICI Bank?

A)

State Bank Of India (SBI)

B)

Reserve Bank of India (RBI)

C)

Central Bank of India

D)

Asian Development Bank(ADB)

Correct Answer : Reserve Bank of India (RBI)

A penalty of â‚¹ 1.8 crore has been imposed on Punjab National Bank (PNB) by the Reserve Bank of India (RBI), while ICICI Bank has been fined â‚¹ 30 lakh for deficiencies in regulatory compliances.

According to a statement issued by the central bank, PNB was found guilty of contravening provisions of the Banking Regulation Act, 1949, related to pledge of shares by it.

Investigations by RBI found that PNB had held shares in borrower companies, as pledgee, of an amount exceeding thirty per cent of paid-up share capital of those companies.

Source : NDTV

6 .

Who has introduced a Prompt Corrective Action (PCA) framework for large Non-Banking Financial Companies (NBFCs)?

A)

Union Bank of India(UBI)

B)

Reserve Bank of India (RBI)

C)

State Bank of India(SBI)

D)

Asian Development Bank(ADB)

Correct Answer : Reserve Bank of India (RBI)

The Reserve Bank of India (RBI) has introduced a prompt corrective action (PCA) framework for large non-banking financial companies (NBFCs) with effect from October 2022, putting restrictions on para-banks whenever vital financial metrics dip below the prescribed threshold. This brings them almost on a par with banks in terms of supervision and regulatory reach.

7 .

Which bank approves USD112 million loan to establish Assam Skill University?

A)

CityBank

B)

HSBC Bank

C)

Asian Development Bank

D)

Royal Bank of Scotland

Correct Answer : Asian Development Bank

The Asian Development Bank (ADB) has approved a $112 million loan to strengthen skills education and training through the establishment of the Assam Skill University (ASU). The Loan will create a path for skill development to enhance the productivity and competitiveness of Assam’s economy and industries. An additional $1 million grant from the Japan Fund for Poverty Reduction will support the introduction of technologies for smart campus management, integrated teaching, learning, and career development management.

8 .

Which bank has projected growth forecast for 2021-2022 for India at 9.7%?

A)

Central Bank of India

B)

Union Bank of India(UBI)

C)

Reserve Bank of India(RBI)

D)

Asian Development Bank (ADB)

Correct Answer : Asian Development Bank (ADB)

Asian Development Bank has trimmed its 2021 growth forecast for India to 9.7% from 10% but left the 2022 growth forecast unchanged at 7.5%. The inflation forecast of developing Asia was revised to 2.1% for 2021 and unchanged at 7% for 2022.

9 .

Which bank tied up with Swift to provide digital banking solution?

A)

Axis Bank

B)

HDFC Bank

C)

ICICI Bank

D)

Karur Vysya Bank

Correct Answer : Axis Bank

Axis Bank is working with new digital services from provider Swift to provide a comprehensive digital solution to clients. The bank is integrating with different digitization initiatives by government bodies and service providers to extend an end-to-end service to business clients. Axis bank’s B2B (business-to-business) digitization efforts are being supported by Swift, a cooperative of global banks that acts as an intermediary between banks and sets standards.

10 .

Which Bank launches bob World Wave?

A)

Canara Bank

B)

Bank of India

C)

Bank of Maharashtra

D)

Bank of Baroda (BoB)

Correct Answer : Bank of Baroda (BoB)

Bank of Baroda (BoB) has launched a solution for digital banking payments, named bob World Wave. Wearable technology is witnessing the rise of tremendous interest across the world and lenders are using this opportunity to adopt the more convenient and cashless digital payments systems. This is an innovative solution, intended to perfectly deliver preventive health actions as well as easier payment transactions.

Bank’s on the go wearable payment solution, bob World Wave is designed to ensure convenient and seamless digital payments by our customers. It is anticipated that 10% of the small ticket payments will be made via wearable devices in the next two years.”