Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

Which Indian businessman has announced to make investment in UAE’s first digital only independent bank ZAND?

A)

Azim Premji

B)

Uday Kotak

C)

Kumar Mangalam Birla

D)

Cyrus S. Poonawalla

Correct Answer : Kumar Mangalam Birla

Kumar Mangalam Birla, the Chairman of Aditya Birla Group, is set to invest in Zand, the first digital only independent bank in UAE.For this investment, Birla will partner with Hamed bin Zayed Al Nahyan, the Managing Director of Abu Dhabi Investment Authority (ADIA).

2 .

Which bank has launched the new digital platform named Abacus 2.0?

A)

RBL Bank

B)

HDFC Bank

C)

ICICI Bank

D)

Kotak Mahindra Bank

Correct Answer : RBL Bank

RBL Bank is working on a new digital platform named Abacus 2.0, that would help the bank to scale up customer acquisition over the next few years. Using Abacus 2.0, RBL Bank will provide products and services to new as well as existing customers digitally.

3 .

Who has been appointed as the new Chairman of the Karnataka Bank Ltd.?

A)

Uma Shankar

B)

Pradeep Kumar Panja

C)

Balakrishna Alse S

D)

Keshav Krishnarao Desai

Correct Answer : Pradeep Kumar Panja

The Reserve Bank of India (RBI) has given its approval to appoint Pradeep Kumar Panja as the Chairman of Karnataka Bank Ltd with effect from November 14th, 2021.

* Pradeep Kumar Panja will serve for a period of three years.

* He will replace P Jayarama Bhat, whose’s term will be ended on November 13th, 2021.

About Pradeep Kumar Panja :

* Pradeep Kumar Panja has served as Managing Director (Corporate Banking) of the State Bank of India (SBI).

* He also was appointed as Managing Director of the State Bank of Travancore.

* He is having experience of 39 years in various fields such as banking, including corporate and international banking, treasury management, information technology, retail, and so on.

4 .

Name the MD and CEO of the Axis Bank, whose re-appointment to the post has recently been approved by RBI?

A)

Rana Kapoor

B)

Deepak Parekh

C)

Sandeep Bakhshi

D)

Amitabh Chaudhry

Correct Answer : Amitabh Chaudhry

The Reserve Bank of India (RBI) has approved the re-appointment of Amitabh Chaudhry as Managing Director (MD) and Chief Executive Officer (CEO) of private lender Axis Bank for a period of three years.

5 .

Who has been appointed by IndusInd Bank as its new Chief Financial Officer?

A)

Gobind Jain

B)

Harpeet Kochhar

C)

Sumant Kathpalia

D)

Dr. Randeep Guleria

Correct Answer : Gobind Jain

IndusInd Bank on 14th October 2021, said that SV Zaregaonkar has resigned as the chief financial officer with effect from 30 September.

In his place, Gobind Jain has been appointed as the new CFO.

In a statement to the exchanges, the private sector bank said that Zaregaonkar has stepped down to take over other responsibilities until the date of his superannuation. Zaregaonkar started his career as a lecturer in commerce before he joined Dena Bank as a specialist in middle management cadre as ‘Chartered Accountant’ in 1980.

6 .

The financial inclusion campaign named '6S Campaign' has been launched by which bank?

A)

Canara Bank

B)

Bank of Baroda

C)

Punjab National Bank

D)

State Bank of India

Correct Answer : Punjab National Bank

Punjab National Bank has launched ‘6S Campaign’ under the customer outreach programme. The objective of the ‘6S Campaign’ is to extend financial services to its customers at a concessional rate during the festival season.The ‘6S Campaign’ encapsulates different schemes such as – Swabhiman, Samruddhi, Sampark and Shikhar, Sankalp and Swagat.It is a financial inclusion campaign.

7 .

Who appoints the MD and CEOs of public sector banks and insurance companies?

A)

Ministry of Finance

B)

Reserve Bank of India

C)

Respective Banks and Companies

D)

Banks Board Bureau

Correct Answer : Banks Board Bureau

The CEOs and MDs of public sector banks and insurance companies are chosen by the Banks Board Bureau (BBB).

8 .

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.

9 .

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.

10 .

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.

Banking - General Knowledge Questions