Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Centre has recently announced an extension in the timeline of Emergency Credit Line Guarantee Scheme (ECLGS). What is the extended period of the scheme?

A)

January 31, 2022

B)

March 31, 2022

C)

October 31, 2021

D)

December 31, 2021

Correct Answer : March 31, 2022

The Government of India has extended the timeline of the Emergency Credit Line Guarantee Scheme (ECLGS) till 31.03.2022 or till guarantees for an amount of Rs 4.5 lakh crore are issued under the scheme, whichever is earlier.

2 .

The Indian Overseas Bank has been taken out of the Prompt Corrective Action (PCA) restriction by RBI. In which year was the bank placed under the PCA framework?

A)

2011

B)

2013

C)

2015

D)

2018

Correct Answer : 2015

The Reserve Bank of India (RBI) has announced that the Indian Overseas Bank (IOB) is taken out of the PCA restrictions. (Prompt Corrective Action Framework (PCAF)). Chennai-based IOB was placed under PCA in October 2015.

3 .

Which bank in the only one left under the RBI's PCA regime?

A)

Central Bank of India

B)

Canara Bank

C)

Bank of Maharashtra

D)

Kotak Mahindra Bank

Correct Answer : Central Bank of India

Now, only Mumbai-based Central Bank of India is under PCA regime. The Reserve Bank of India (RBI) on Thursday(30-09-2021) removed three public sector banks from the Prompt Corrective Action (PCA) framework, allowing them to carry on normal business, especially lending. The three banks are Bank of India (BoI), Bank of Maharashtra (Mahabank), and Oriental Bank of Commerce (OBC).

The Central Bank took this decision after reviewing the performance of these banks in the October-December (Q3) 2018-19 (FY19) quarter. The banks will, however, have to meet some norms that will ensure close monitoring.

4 .

NPCI has partnered with which bank to launch 'RuPay On-the-Go' contactless payments solutions?

A)

Axis Bank

B)

ICICI Bank

C)

HDFC Bank

D)

Yes Bank

Correct Answer : Yes Bank

The National Payments Corporation of India (NPCI) has partnered with private sector lender YES Bank to launch first-of-its-kind ‘RuPay On-the-Go’ contactless payments solutions.

5 .

Yes Bank has recently tied up with which payment network to offer the credit card to its customers?

A)

Discover

B)

Mastercard

C)

Visa

D)

American Express

Correct Answer : Visa

Private sector lender Yes Bank has partnered with Visa to offer credit cards to its customers, following the regulatory ban on Mastercard by RBI.

6 .

Recently, RBI has given its nod to which bank to form a special committee of directors in order to oversee the operations?

A)

Yes Bank

B)

Ujjivan Small Finance Bank

C)

IDFC First Bank

D)

Equitas Small Finance Bank

Correct Answer : Ujjivan Small Finance Bank

Reserve Bank of India has given its approval to the Ujjivan Small Finance Bank (SFB) to form a special committee of directors so that they can oversee the operations in absence of a CEO and MD. This Special Committee of Directors will comprise of three independent directors as its members. This committee will oversee the operations and administration of the bank in effect from September 16.

7 .

Name the MD & CEO of UCO Bank who has been reappointed to the post by the Appointments Committee of the Cabinet (ACC) ?

A)

A S Rajeev

B)

Atul Kumar Goel

C)

S S Mallikarjuna Rao

D)

Chandra Shekhar Ghosh

Correct Answer : Atul Kumar Goel

The appointments panel has also approved a two-year extension for Atul Kumar Goel, MD and CEO of UCO Bank as well as A S Rajeev, MD and CEO of Bank of Maharashtra.

8 .

Indian government has approved an increase in the family pension of bank employees to what percent of the last salary drawn?

A)

30%

B)

40%

C)

50%

D)

60%

Correct Answer : 30%

Central Government has approved the Indian Banks’ Association’s (IBA) proposal to increase the family pension to 30% of the last salary drawn. The immediate benefit of this approval will be an increase of 30,000 to 35,000 in the family pension of public sector bank employees from a maximum of 9,284 per month, depending on the last drawn salary of the deceased bank employee.

9 .

RBIâ€™s expert committee on Urban Cooperative Banks (UCBs) suggested minimum capital to risk-weighted asset ratio (CRAR) for Tier 1 UCBs to vary from 9% to ___%?

A)

12%

B)

13%

C)

14%

D)

15%

Correct Answer : 15%

The expert committee also suggested different capital adequacy and regulatory norms for UCBs. It has been suggested that the minimum Capital to Risk-weighted Asset Ratio (CRAR) for Tier 1 UCBs will vary from 9% to 15%.

10 .

RBIâ€™s expert committee on Urban Cooperative Banks (UCBs) suggested recommendation of ____-tier structure for UCBs in order to ease the regulatory process?

A)

2

B)

3

C)

4

D)

5

Correct Answer : 4

The Reserve Bank of India released the recommendations suggested by its expert committee on Urban Cooperative Banks (UCBs).

The committee was headed by former Deputy Governor of RBI, N S Vishwanathan.

The committee was asked to suggest measures to have faster rehabilitation of UCBs and to review various regulatory norms through amendments to the Banking Regulation Act 1949 in respect to UCBs.

The committee suggested the 4-tier structure for UCBs in order to ease the regulatory process. The structure is divided on the basis of UCB’s capital availability and other factors.

The 4 Tier structure is mentioned below :

Tier 1: UCBs with deposits upto Rs 100 crore

Tier 2: UCBs with deposits between Rs 100 crore- Rs 1000 crore

Tier 3: UCBs with deposits between Rs 1000 crore- Rs 10,000 crore

Tier 4: UCBs with deposits more than Rs 10,000 crore