Correct Answer : Cooperatieve Rabobank UA
Reserve Bank of India (RBI) on August 12, 2021 has imposed a penalty of Rs 1 crore on Cooperatieve Rabobank U.A. for deficiencies in regulatory compliances. The penalty has been imposed for contravention of certain provisions of the Banking Regulation Act, 1949 and directions related to ‘transfer to reserve funds’. RBI said a penalty of Rs 5 lakh has been imposed on Village Financial Services Ltd, Kolkata, for non-compliance with certain provisions of the Know Your Customer Directions, 2016. RBI has also imposed penalty of Rs 13 lakh on Ahmednagar Merchant’s Cooperative Bank, Ahmednagar, Maharashtra, and Rs 2 lakh on The Mahila Vikas Co-operative Bank, Ahmedabad.
Correct Answer : RBL Bank
RBL Bank has chosen Amazon Web Services (AWS), an Amazon.com company, as its preferred cloud provider to strengthen its AI powered banking solutions and drive digital transformation at the Bank, adding significant value to the Bank’s innovative offerings, saving costs, and tightening risk controls.
Correct Answer : World Bank
June 24, 2021 : The World Bank Board of Executive Directors has approved a $125 million support for the ‘Resilient Kerala Program’ to help the state in preparedness against natural disasters, climate change impacts, disease outbreaks, and pandemics.
Correct Answer : Punjab
This bank was established on 14th January 2000. Its area of operation includes three districts viz. Jalandhar, Kapurthala and Hoshiarpur in Punjab.
Correct Answer : All of the above
DBT beneficiaries can withdraw their money through the micro-ATMs, AePS and BHIM Aadhaar Pay. Customer who want to receive entitled benefits or subsidies of welfare schemes funded from the Consolidated Fund of India in their account directly, can avail it via Aadhaar-based authentication using e-KYC .
Correct Answer : Firm Underwriting
When an underwriter undertakes to buy or subscribe a certain number of shares or debentures irrespective of the subscription from the public, it is called firm underwriting. Firm underwriting generates confidence among investors and increases the chances of success of the issue.
Correct Answer : Subhadra Local Area Bank Ltd
Subhadra Local Area Bank Ltd., Kolhapur, having Its head office in Kolhapur, is the smallest Local Area Bank with only 8 branches.
Correct Answer : K G Ambegaonkar
K G Ambegaonkar was governor of RBI from 14-01-1957 to 28-02-1957. He was appointed as interim governor till H V R Iengar could take over. He did not sign any bank notes.
Correct Answer : All of the Above
A corporate loan is a loan from a bank for a specific amount that has a specified repayment schedule and a fixed or floating interest rate.
Correct Answer : RBI
RBI (Reserve Bank of India) regulates and supervises the banking functions of State Cooperative Banks (StCBs), District Central Cooperative Banks (DCCBs) and Urban Cooperative Banks (UCBs) under the various provisions of the Banking Regulation Act, 1949.
