Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Who is the new MD and CEO of the "Ujjivan Small Finance Bank" in December 2021?

A)

Sandeep Bakhshi

B)

Ittira Davis

C)

S. S. Mallikarjuna Rao

D)

Ramesh Babu Boddu

Correct Answer : Ittira Davis

The Board of Directors of Ujjivan Small Finance Bank appointed Ittira Davis as the MD and CEO of the bank. Davis has been appointed as the MD and CEO for a period of 3 years from the date of approval of the RBI or such other period as may be approved by RBI. Davis was the MD and CEO of Ujjivan Financial Services Limited from July 2018 from where he resigned in 2021.

2 .

Punjab National Bank (PNB) launched the _______ an android-based application for differently-abled employees.

A)

PNB Pride-CRD

B)

PNB Pride-CRMD

C)

PNB Pride-CRMF

D)

PNB Pride-MCRD

Correct Answer : PNB Pride-CRMD

Punjab National Bank (PNB) launched the "PNB Pride-CRMD module tool", an android-based application for differently-abled employees to monitor and effectively follow up with the special mention account (SMA) borrowers. The Pride-CRMD module has built-in TalkBack software that allows the visually impaired to access the system freely and to interact with customers by tapping on their phones.

3 .

Which Bank repo rate unchanged for the 9th consecutive time?

A)

RBI

B)

SBI

C)

ICICI

D)

HDFC

Correct Answer : RBI

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) headed by Reserve Bank of India (RBI) Governor Shaktikanta Das kept the repo rate unchanged at 4 per cent for the ninth consecutive time while maintaining an ‘accommodative stance’ as long as necessary. The reverse repo rate will continue to be 3.35 per cent. The central bank had last revised the policy rate on May 22, 2020, in an off-policy cycle to perk up demand by cutting the interest rate to a historic low. The meeting was held between December (6 to 8), 2021. The remaining will take place in February (7 to 9, 2022).

4 .

Which bank debuts India's first standalone metal debit card?

A)

ICICI Bank

B)

HDFC Bank

C)

IDFC FIRST Bank

D)

State Bank Of India

Correct Answer : IDFC FIRST Bank

IDFC FIRST Bank announced the launch of FIRST Private Infinite, the country’s first-ever standalone metal debit card, in partnership with Visa. FIRST Private Infinite is a lifetime free card designed specifically for customers who are part of the Bank’s FIRST Private program, premium savings and wealth offering. The FIRST Private program offers an unrivalled banking and investment experience to customers and comes with a range of exceptional investment, banking, lifestyle and wellness benefits.

5 .

Private sector lender which of the following bank has launched a feature-rich savings bank product

A)

ICICI Bank

B)

Canara Bank

C)

Bank Of Boroda

D)

Federal Bank

Correct Answer : Federal Bank

The private sector lender, Federal Bank has recently launched a feature-rich savings bank product “Mitra Plus” for women. It offers a curated set of features designed to make financial planning and investing easier for women.

6 .

Under RBI's new directives, what is the minimum initial capital requirement to set up a new universal bank?

A)

Rs 1000 crore

B)

Rs 800 crore

C)

Rs 600 crore

D)

Rs 500 crore

Correct Answer : Rs 1000 crore

The initial paid-up voting equity share capital/ net worth required to set up a new universal bank has been increased to ₹1000 crore (from present ₹500 crore).

7 .

Reserve Bank of India (RBI) has imposed a monetary penalty of Rs 1 crore on which bank?

A)

Canara Bank

B)

State Bank of India

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : State Bank of India

The Reserve Bank of India (RBI) by an order dated November 16 has imposed a monetary penalty of Rs 1 crore on the State Bank of India for contravention of section 19 (2) of the Banking Regulation Act, 1949 (the Act), informed RBI.

"This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers," reads the official release.

As per the press note, the irregularities were identified after a Statutory Inspections for Supervisory Evaluation (ISE) of the bank was conducted by RBI with reference to its financial positions as on March 31, 2018, and March 31, 2019, and the examination of the Risk Assessment Reports, Inspection Report and all related correspondence pertaining to the same, revealed, inter-alia, contravention of section 19 of the Act.

8 .

Which bank approves USD 1.5 bn loan to India for COVID-19 vaccine procurement?

A)

World Bank

B)

Asian Development Bank (ADB)

C)

Reserve Bank of India (RBI)

D)

Central Bank of India

Correct Answer : Asian Development Bank (ADB)

Asian Development Bank (ADB) has approved a $1.5 billion loan (approx Rs 11,185 crore) to help the Government of India purchase safe and effective vaccines against the coronavirus (COVID-19). The fund will be used to procure at least 66.7 crore COVID-19 vaccine doses for an estimated 31.7 crore people of the country. The Asian Infrastructure Investment Bank is expected to co-finance an additional USD 500 million for the project.

9 .

Which bank has launched a new online platform 'Trade Emerge' for exporters and importers across India?

A)

SBI

B)

Axis Bank

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : ICICI Bank

ICICI Bank has announced the launch of an online platform ‘Trade Emerge’ for exporters and importers across India. The platform will offer comprehensive digital banking and value-added services to the companies engaged in export and import in India.

10 .

Which Bank launches the 2nd edition of "Mooh Band Rakho" campaign?

A)

SBI Bank

B)

Axis Bank

C)

ICICI Bank

D)

HDFC Bank

Correct Answer : HDFC Bank

HDFC Bank Ltd has launched the second(2nd) edition of its “Mooh Band Rakho” campaign to raise awareness on fraud prevention in support of International Fraud Awareness Week 2021 (November 14-20, 2021). HDFC Bank aims to increase awareness of its customers on all types of frauds and the importance of keeping your mouth shut to ensure their prevention and taking a pledge and not share confidential banking information with anyone. HDFC Bank will organise 2,000 workshops in the next four months under this campaign.

Banking - General Knowledge Questions