Correct Answer : Vishwavir Ahuja
The RBI has approved the appointment of Vishwavir Ahuja as the Managing Director and CEO of RBL Bank.
Correct Answer : 9.5 percent
The RBI has cut its real GDP growth forecast for the current financial year 2021-2022 to 9.5 percent.
Correct Answer : Section 56
In 1965, the Act was amended to include cooperative banks under its purview by adding the Section 56. Cooperative banks, which operate only in one state, are formed and run by the state government.
Correct Answer : Equitas SFB
Equitas Small Finance Bank offers online process for NRI account opening. Equitas Small Finance Bank has now become the first Small Finance Bank to offer its NRI customer segment the ease of account opening online.
Correct Answer : Cash Reserve Ratio
The Cash Reserve Ratio is the amount of funds that the banks are bound to keep with Reserve bank of India as a portion of their Net Demand and Time Liabilities (NDTL).
Correct Answer : USD 590 billion
The country's foreign exchange reserves crossed the USD 590 billion mark on the week ended 14th March. In terms of rupee, it is 43,24,574 crores.
Correct Answer : All of the above can become a BC
All of the above given options i.e. Krishi Vigyan Kendras, Khadi and Village Industries units, Community based organisations etc. can become a Banking correspondent for a bank.
Correct Answer : Axis Bank
The Axis Bank has launched a range of wearable contactless payment devices under the brand Wear 'N' Pay.
Correct Answer : Fixed-but-Adjustable Exchange Rate
Correct Answer : IDBI Bank
The LIC Cards Services has launched a contactless prepaid gift card, 'Shagun', in collaboration with IDBI Bank on the RuPay platform.
