Latest Banking Dates General Knowledge(GK) Questions and answers

1 .

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.

2 .

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.

3 .

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.

4 .

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.

5 .

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.

6 .

RBI’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%.

7 .

RBI’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

8 .

Name the bank in UAE with which NPCI International Payments Ltd (NIPL) has tied up to launch the UPI facility in UAE?

A)

Mashreq Bank

B)

Emirates NBD

C)

Dubai Islamic Bank

D)

Union National Bank

Correct Answer : Mashreq Bank

NPCI International Payments Ltd (NIPL) has partnered with Mashreq Bank to launch the payment system facility of Unified Payments Interface (UPI), in the UAE. Mashreq Bank is the oldest privately owned bank in the United Arab Emirates. This step will benefit the Indian tourists and who travel to UAE for business or leisure purposes to pay for their purchases using UPI-based mobile applications across shops and merchant stores in the UAE.

9 .

Nitin Chugh has stepped down as the managing director and chief executive officer (MD & CEO) of which bank?

A)

ESAF Small Finance Bank

B)

Ujjivan Small Finance Bank

C)

Equitas Small Finance Bank

D)

Utkarsh Small Finance Bank

Correct Answer : Ujjivan Small Finance Bank

Nitin Chugh has tendered his resignation from the post of managing director and chief executive officer at Ujjivan Small Finance Bank. In a letter dated August 18, 2021, Chugh will step down from the office with effect from close of business hours on September 30, 2021, the bank said in a regulatory filing on 19-08-2021.

His tenure as Director of the bank is “co-terminus with his tenure as Managing Director and CEO of the bank," the lender said. This means Chugh will cease to be the director of the company from the date of his exit.

“He has confirmed, in his resignation letter, that he is resigning due to personal reasons and there are no material reasons," the bank clarified in its filing.

10 .

Which bank launched the ‘FRUITS’ (‘Farmer Registration and Unified Beneficiary Information System’) portal in partnership with Karnataka Government?

A)

HDFC Bank

B)

State Bank of India

C)

AU Small Finance Bank

D)

Karnataka Vikas Grameena Bank

Correct Answer : Karnataka Vikas Grameena Bank

The Dharwad-headquartered Karnataka Vikas Grameena Bank (KVGB), in association with the Karnataka government, has launched ‘Farmer Registration and Unified Beneficiary Information System’ (FRUITS) portal.

Inaugurating the portal in Dharwad on 16-08-2021, Niraj Kumar Verma, Chief General Manager of Nabard, said the FRUITS portal is the first of its kind in the country where in the land and other details of all the farmers in the State are being captured.

In this latest initiative by the Karnataka government, all the farmers will be registered and given a FRUITS ID (FID) number. Using this number, the financial and lending institutions can access the land details of farmers as well as their borrowings and take a quick decision on lending to them depending on their requirements, he said.

Appreciating KVGB for accepting the FRUITS pilot project, he hoped that all financial institutions will be on boarded to the portal soon so as to have a single data source of farmers. He thanked the Karnataka Department of e-Governance, and Canara Bank (sponsor bank of KVGB) for spearheading this initiative.

P Gopi Krishna, Chairman of KVGB, said that this being the latest initiative by the Karnataka government each farmer will be given a FRUITS ID comprising Aadhaar, land records and mobile number. A well organised and scrutinised farmer database will avoid farmers from running pillar to post for availing benefits, he said.

Banking - General Knowledge Questions