Correct Answer :   Centrum Financial Services Limited

The RBI has approved Centrum Financial Services Limited which will take over the Punjab & Maharashtra Co-operative Bank Ltd., Mumbai (PMC), and re-launch it as a Small Finance Bank.

Correct Answer :   DBS Bank

The DBS Bank has ranked 1 out of 30 domestic and international banks in India for the second consecutive year.

Correct Answer :   900

The credit score ranges from 300 to 900. The closer you are to 900, the more confidence the credit institution will have in your ability to repay the loan and hence, the better the chances of your application getting approved. Anything above 750 is considered a good credit score.

Correct Answer :   RBL Bank

RBL Bank gains after RBI approves re-appointment of Vishwavir Ahuja as MD, CEO. RBL Bank rose 1.47% to Rs 217.90 after the bank received an approval of the Reserve Bank of India (RBI) for the re-appointment of Vishwavir Ahuja as the managing director (MD) and chief executive officer (CEO).

Correct Answer :   HDFC Bank

HDFC Bank announced plans to become carbon neutral by 2031-32. As part of this initiative, the Bank is looking at reducing its emissions, energy, and water consumption. The Bank will continue to incorporate and scale up the use of renewable energy in its operations.

Correct Answer :   22

Section 22 of the RBI Act states that only the RBI has the exclusive rights to issue currency notes in India.

Correct Answer :   13.5%

In its semi-annual financial stability report, RBI had earlier said that the bad loan ratio of banks could rise to 13.5% under the baseline stress scenario by September 2021.

Correct Answer :   Myanmar

The RBI has acted as Burma’s (now Myanmar) central bank until April 1947 (except during the years of Japanese occupation (1942–45)), even though Burma seceded from the Indian Union in 1937.

Correct Answer :   Equitas Small Finance Bank

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 :   75%

The small Finance Banks have been mandated to extend 75% of their credit to priority sector lending. Further, at least half of these loans should be below Rs. 25 Lakh.