Correct Answer :   HDFC Bank

RBI approves Atanu Chakraborty appointment as HDFC Bank part-time chairman. Private sector lender HDFC Bank on said the Reserve Bank has approved appointment of former Economic Affairs Secretary Atanu Chakraborty as the part-time chairman of the bank.

Correct Answer :   financial risk

Ambiguity introduced by way by which organization finances its investments is financial risk. Financial risk is a term that can apply to businesses, government entities, the financial market as a whole, and the individual. This risk is the danger or possibility that shareholders, investors, or other financial stakeholders will lose money.

Correct Answer :   2016

The Reserve Bank of India Act, 1934 was amended by Finance Act (India), 2016 to constitute MPC which will bring more transparency and accountability in fixing India's Monetary Policy.

Correct Answer :   Policybazaar

Policy aggregator Policybazaar has been fined Rs 24 lakh by the Insurance Regulatory and Development Authority of India (IRDAI) for breaching advertising norms in relation to SMSs sent to customers last year regarding increases in term insurance policy premiums.

Correct Answer :   Rs 2000

The RBI has increased the limit of cash withdrawal from Points of Sale terminals using debit cards and open system prepaid cards to Rs 2000 per transaction within an overall monthly limit of Rs. 10,000 across all locations.

Correct Answer :   RBI

Under the lead bank scheme administered by RBI since 1969, a bank(can be private or public) leads the consortium of all banks in the area.

Correct Answer :   West Bengal

The Reserve Bank of India has cancelled the licence of United Co-operative Bank Ltd, Bagnan, West Bengal, as it does not have adequate capital and earning prospects.

Correct Answer :   Yes Bank

The Yes Bank has appointed Indranil Pan as its chief economist.Pan joins the bank from rival IDFC First Bank.

Correct Answer :   Blockchain remittance

A Blockchain Staple is a remittance payments in which one area that is a lifeline for millions of people across the globe, especially in rural areas. People are finding work outside of their homelands and are needing to send money home to friends and family to support them.

Correct Answer :   DBS Bank India Ltd

The RBI has excluded Lakshmi Vilas Bank from the Second Schedule of the Reserve Bank of India Act, 1934. The move was taken after the crisis-ridden Lakshmi Vilas Bank was merged with DBS Bank India Ltd.