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.
Correct Answer : Rs 50,000 crore
The RBI Governor Shaktikanta Das has announced a Covid-19 healthcare package of Rs 50,000 crore to entities for access to emergency health security during the second wave of Covid-19.
Correct Answer : Loan Companies
Loan Companies (LC) is one NBFC primarily carrying on, as its principal business, the providing of finance to the public whether by making loans or advances or otherwise for any activity other than its own but does not include an equipment leasing company or a hire-purchase, Asset Finance company.
Correct Answer : 1.5 billion
The NDB priced its 5-year USD 1.5 billion benchmark bond. This transaction is the third USD benchmark bond offering of the Bank in the international markets.
