Correct Answer : Wholesale Banking
Wholesale banking involves banking services for high net-worth clients like corporate, commercial banks, mid-size companies etc.
Correct Answer : ICICI Bank
The Private sector lender ICICI Bank has launched a unique facility, which allows linking a UPI ID with its digital wallet, 'Pockets'.
Correct Answer : Off Site Surveillance and Monitoring System
OSMOS refers to Off Site Surveillance and Monitoring System. The RBI requires banks to submit detailed and structured information periodically under OSMOS. On the basis of OSMOS, RBI analyzes the health of the banks.
Correct Answer : Kotak Mahindra Bank
The Kotak Mahindra Bank has issued the first-ever foreign portfolio investor license to the GIFT IFSC alternative investment fund of True Beacon Global.
Correct Answer : June 1948
After the Partition of India in August 1947, the bank served as the central bank for Pakistan until June 1948 when the State Bank of Pakistan commenced operations.
Correct Answer : 30 September
The Reserve Bank of India has asked banks to implement the image-based Cheque Truncation System in all branches by September 30 this year.
Correct Answer : Call Money / Notice Money Market
Call Money / Notice Money Market is the most active segment of the money market in India.
Correct Answer : State Bank of India
The SBI has launched a new loan product 'Kavach Personal Loan' to provide financial relief to its customers who are facing economic crises due to covid related treatment costs.
Correct Answer : 8.3%
The World Bank on, June 8, 2021, has projected the Indian economy to grow at 8.3% for the financial year 2021-22.
Correct Answer : All of the Above
Primary structures of mutual funds include open-end funds, unit investment trusts, and closed-end funds. Exchange-traded funds (ETFs) are open-end funds or unit investment trusts that trade on an exchange.
