Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which card joins hands with Paytm for card tokenization?

A)

Axis Cards

B)

HDFC Card

C)

SBI Cards

D)

ICICI Card

Correct Answer : SBI Cards

SBI Cards and Payment Services has tied up with Paytm for card tokenisation to protect data of the cardholders.

SBI Card has collaborated with Paytm to enable cardholders to tokenise their cards on devices and make payments through Paytm, SBI Card said in a regulatory filing on Thursday(30th Dec 2021).

Tokenisation refers to masking the original card number by replacing it with a set of unique characters, termed as token, which secures the customer's card details when a transaction is under process.

SBI Card said the card tokenisation facility is available only on Android NFC (near field communication) devices. "Currently, only cards issued in the Indian territory are enabled on Paytm network. However, customers may transact using his/her SBI Card through Paytm network in international locations," SBI Card said.

Source : The Hans India

2 .

How long has the RBI extended the deadline for periodic KYC updates?

A)

March 31, 2022

B)

April 30, 2022

C)

May 31, 2022

D)

June 30, 2022

Correct Answer : March 31, 2022

The Reserve Bank of India extended the deadline for periodic KYC update till March 31, 2022. It stated that the extension has been provided keeping in mind COVID-19 concerns. "In view of the prevalent uncertainty due to the new variant of Covid-19, the relaxation provided in the aforementioned circular is hereby extended till March 31, 2022," the central bank said on Thursday.

This extension comes after the RBI stated on May 5 that there would be no restriction on operations till December 31 of customer accounts whose KYC is due and pending due to COVID-19 related curbs. “Keeping in view the current COVID-19 related restrictions in various parts of the country, REs (regulated entities) are advised that in respect of the customer accounts where periodic updation of KYC is due and pending as on date, no restrictions on operations of such account shall be imposed till December 31, 2021, for this reason alone, unless warranted under instructions of any regulator/ enforcement agency/court of law, etc. Regulated entities are also advised to continue engaging with their customers for having their KYC updated in such cases,” it had stated.

Source : Business Today

3 .

Who has been appointed as the Managing Director and Chief Executive Officer (MD and CEO) of Jammu and Kashmir Bank?

A)

Baldev Prakash

B)

Dr. N. Kamakodi

C)

Amitabh Chaudhry

D)

Sandeep Bakhshi

Correct Answer : Baldev Prakash

Baldev Prakash has been appointed as the Managing Director & Chief Executive Officer (MD & CEO) of Jammu & Kashmir Bank for three years. His appointment will be effective from the date of taking charge or April 10, 2022, whichever is earlier. Apart from him, R K Chhibber has been appointed as an additional director on the board of the bank.

Prakash has over 30 years of experience in banking. He had joined SBI as a probationary officer in 1991 and was the Chief General Manager (Digital and Transaction Banking Marketing Department) at SBI, Mumbai. The appointment is effective from the date of taking charge or April 10, 2022, whichever is earlier.

4 .

Who has been re-appointed as MD and CEO of Equitas Small Finance Bank in Dec 2021?

A)

Vaani Kumari

B)

Prashant Kumar

C)

V. Vaidyanathan

D)

Vasudevan PN

Correct Answer : Vasudevan PN

Vasudevan Pathangi Narasimhan has been reappointed as the Managing Director (MD) & Chief Executive Officer (CEO) of Equitas Small Finance Bank Limited (ESFBL) for three years (from July 23, 2022, to July 22, 2025), by the Board of Directors (BoD). He is currently serving as the MD and CEO of the bank.

Earlier he was working as the MD of Equitas Holdings Limited. He holds a bachelor’s degree in science (physics) from the University of Madras. A qualified company secretary from the Institute of Company Secretaries of India, he has extensive experience in the financial services sector.

5 .

Which country has become the newest member of the BRICS New Development Bank?

A)

Kenya

B)

Egypt

C)

Tanzania

D)

Uganda

Correct Answer : Egypt

India on December 29, 2021, welcomed Egypt as the new member of the BRICS New Development Bank. With this, Egypt has now become a fourth new member to be admitted to BRICS NDB. The BRICS group includes five major emerging countries around the world- Brazil, Russia, India, China, and South Africa and the multilateral bank BRICS NDB was established by these rising economies to finance the sustainable development projects.

6 .

Which bank has become the second largest merchant-acquisition bank in India(2021)?

A)

Indian Bank

B)

YES Bank

C)

Axis Bank

D)

IDBI Bank

Correct Answer : Axis Bank

Axis Bank has become the second-largest merchant-acquiring bank in the country, leapfrogging two spaces during 2021 by installing over two lakh card-swipe machines during the year. This is part of the bank’s ‘Axis One’ strategy where it approaches the customers offering its entire gamut of products instead of a standalone service.

“We are making aggressive strides in merchant-acquiring. We are not looking at merchants as just someone who acquires a point-of-sale (PoS) terminal but as an opportunity to open a new current account for their business, personal savings account and an opportunity to provide loans and insurance protection. We are growing this business by offering new products to the payment products merchant,” said Axis Bank executive VP & head (cards & payments) Sanjeev Moghe.

Source : The Times of India

7 .

Which Bank launched 'green fixed deposits'?

A)

Axis Banl

B)

HDFC Bank

C)

ICICI Bank

D)

IndusInd Bank

Correct Answer : IndusInd Bank

IndusInd Bank launched Green Fixed Deposits where the deposit proceeds will be used to finance projects and firms supporting the United Nations Sustainable Development Goals (SDGs).

These deposits, shall be offered to both retail and corporate customers. The bank, will use the proceeds from these deposits to finance a wide array of sectors falling under the Sustainable Development Goal (SDG) category including, energy efficiency, renewable energy, green transport, sustainable food, agriculture, forestry, waste management, and greenhouse gas reduction.

The private bank's standalone net profit surged 72% to Rs 1,113.53 crore on an 8.6% increase in total income to Rs 9,487.56 crore in Q2 FY22 over Q2 FY21.

Shares of IndusInd Bank shed 0.27% to Rs 852.85 on BSE. IndusInd Bank caters to both consumer and corporate customers.

Source : Business Standard

8 .

Which bank has partnered with the National Payments Corporation to offer real-time cross-border remittances to India using UPI IDs, for its Money Transfer Operator (MTO) partners?

A)

IndusInd Bank

B)

Union Bank of India

C)

IDFC FIRST Bank

D)

Kotak Mahindra Bank

Correct Answer : IndusInd Bank

IndusInd Bank has partnered the National Payments Corporation of India (NPCI) to offer real-time cross-border remittances using Unified Payments Interface (UPI) IDs for its money transfer operator (MTO) partners. This is the first time that a bank has enabled UPI for receiving cross-border payments/NRI remittances. Overseas remitters can transfer money to a beneficiary without having their bank account details. Under this arrangement, the MTOs will be using the IndusInd Bank channel to connect with NPCI’s UPI payment systems for validation and cross-border payment settlement into beneficiary accounts.

9 .

Which bank has tied up with IPPB to provide banking services in rural areas?

A)

HDFC Bank

B)

ICICI Bank

C)

YES Bank

D)

IDBI Bank

Correct Answer : HDFC Bank

HDFC Bank has tied up with India Post Payments Bank (IPPB) to offer its banking services to the unbanked and underserved segments in semi-urban and rural areas. A memorandum of understanding was signed between HDFC Bank and IPPB to cater to the majority of over 4.7 crore customer base of IPPB.

About 90% of IPPB customers reside in rural areas, which may benefit from this tie-up. HDFC Bank said the strategic alliance will enable IPPB to provide affordable and diversified offerings, including access to finance, to its customers through its innovative Doorstep Banking Service. With nearly 2,00,000 postal service providers (Postmen and Gramin Dak Sevaks) equipped with micro ATMs and biometric devices, IPPB caters to the needs and requirements of various customer segments...

Source : CNBC

10 .

Who is the new MD and CEO of PNB appointed by GoI?

A)

Dr. N. Kamakodi

B)

Atul Kumar Goel

C)

Shanti Lal Jain

D)

Ramesh Babu Boddu

Correct Answer : Atul Kumar Goel

The Appointments Committee of the Cabinet (ACC) has approved the appointment of Atul Kumar Goel, MD & CEO of UCO Bank, as MD & CEO of Punjab National Bank (PNB) with effect from February 1 next year. Goel will serve as PNB chief until December 31, 2024, which is his attaining the superannuation age. He will serve as Officer on Special Duty (OSD) in PNB, which is the country’s second-largest public sector bank, until January 31, 2022.

Meanwhile, the ACC has appointed Soma Sankara Prasad, currently Deputy Managing Director at State Bank of India, as Managing Director and Chief Executive Officer in UCO Bank. He will serve as MD & CEO of UCO Bank till the date of attaining the age of superannuation on May 31, 2023.

Banking - General Knowledge Questions