Banking affairs

Banking current affairs

Question 1 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
RBI slaps penalty for how many banks for non-strengthening of 'SWIFT' related controls?
A
7
B
4
C
3
D
6
Question 1 Explanation: 
The Reserve Bank of India (RBI) has imposed a penalty on 7 Banks for delayed implementation of SWIFT-related operational controls. It fined Rs.4 crore on Karnataka Bank, Rs.3 crore on City Union Bank, Rs.2 crore on DCB Bank and Rs.1 crore on Karur Vysya Bank Ltd., Rs. 4 crore on Indian Bank, Rs.3 crore on IOB and Rs.3 crore on United Bank of India for the same violations. SWIFT is the global messaging software used for transactions by financial entities. SWIFT stands for Society for Worldwide Interbank Financial Telecommunication. RBI had directed banks on time-bound implementation and strengthening of SWIFT-related operational controls after the Rs.14, 000 crore fraud in Punjab National Bank.






Question 2 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank raised Rs.660 crore by selling shares to employees under Employee Share Purchase Scheme (ESPS)?
A
Syndicate Bank
B
Punjab National Bank
C
Union Bank of India
D
Bank of India
Question 2 Explanation: 
State-owned Bank of India (BoI) raised Rs.660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS). The bank issued 6, 25, 52, 188 shares of Rs.10 each to eligible employees. The Bank offered a discount of 24.28% on the applicable price to the employees and about 94.70% of total employees participated.
Question 3 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Korea Exim Bank extend a Rs 4, 100 crore loan for which of the following Metro Rail project?
A
Meerut
B
Kanpur
C
Vizag
D
Nagpur
Question 3 Explanation: 
Korea Exim Bank has come forward to extend a Rs 4, 100 crore loan for Visakhapatnam (VIZAG) Metro Rail project. The state government had earlier sent a proposal in this regard to the Central government, which in turn forwarded it to Korea Exim Bank.






Question 4 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank will issue the Seventh Phase of Electoral Bonds to Sale from 1 Jan?
A
RBI
B
ICICI Bank
C
State Bank of India
D
HDFC Bank
Question 4 Explanation: 
The State Bank of India (SBI), in the VII Phase of sale of Electoral Bonds, has been authorised to issue and encash Electoral Bonds through its 29 Authorised Branches w.e.f. January 01 - 10, 2019. Electoral bonds are alternatives to cash donations made to political parties that were introduced in 2018 as part of the government's efforts to bring transparency in political funding. These are short-term bonds that are valid for 15 calendar days, where the holders do not earn any interest (coupon rate). In the last six phases till November 2018, electoral bonds aggregated up to Rs 1, 056.73 crore from purchases made by citizens or entities.
Question 5 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Name the small finance bank that has received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala?
A
Jana Small Finance Bank
B
AU Small Finance Bank
C
ESAF Small Finance Bank
D
Manapuram Small Finance Bank
Question 5 Explanation: 
The Thrissur, Kerala-based ESAF Small Finance Bank has received the Reserve Bank approval to operate as scheduled bank making it the fifth scheduled bank that operates from Kerala after Federal Bank, South Indian Bank, Catholic Syrian Bank, and Dhanlaxmi Bank. The ESAF Small Finance Bank Ltd has received the RBI's approval for inclusion in the second schedule of the RBI Act, 1934 paving its way to operate as scheduled bank. In 2016, RBI gave approval to ESAF MFI along with 9 other applicants to start banking operations as a small finance bank and within two years of its commencement of operations, it has received the scheduled bank tag. On the operation front, the ESAF Small Finance Bank has a network of 432 outlets across 13 states with 2.6 million customers and a loan book of Rs 4, 660 crore and deposits if over Rs 3, 300 crore. Its capital- to-risk-weighted-asset (CRAR) ratio stands at 27.39 per cent.






Question 6 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank receives Best Bank Award from the state government of Tamil Nadu?
A
Canara Bank
B
Indian Bank
C
Axis Bank
D
HDFC Bank
Question 6 Explanation: 
Indian Bank, a Public Sector Bank (PSB), headquartered at Chennai, Tamil Nadu has been awarded the Best Bank Award by the Tamil Nadu government for successfully meeting the needs of women's self-help groups (SHGs). The award was given to MK Bhattacharya, the executive director of Indian Bank by the Chief Minister of Tamil Nadu K Palaniswami at Salem, Tamil Nadu.
Question 7 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
RBI denies a proposal to change the name of this bank.
A
IDBI Bank
B
Yes Bank
C
Dena Bank
D
Vijaya Bank
Question 7 Explanation: 
The Reserve Bank of India (RBI) has turned down IDBI Bank's proposal to change its name following the transfer of a controlling 51% stake to LIC, insurance behemoth, from the government of India. The board of IDBI Bank had, last month, sought the RBI's approval for a change in the name of the lender to either LIC IDBI Bank or LIC Bank following the takeover by Life Insurance Corporation (LIC). However, RBI did not elaborate on the reasons for denial by the regulator for changing the name.






Question 8 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The first domestic bank to link the interest rate it offers on savings account deposits to the Reserve Bank of India's repo rate.
A
HDFC
B
State Bank of India
C
ICICI Bank
D
Indian Overseas Bank
Question 8 Explanation: 
State Bank of India has become the first domestic bank to link the interest rate it offers on savings account deposits to an external benchmark - the Reserve Bank of India's repo rate. By doing so, the bank will effectively link all loan rates to an external benchmark either directly or indirectly, thereby attempting to speed up the transmission of any changes in the benchmark monetary policy rate to depositors and borrowers.
Question 9 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
SBFC and this bank signed a Memorandum of Understanding to provide loans worth Rs. 1 crore to MSMEs for 15-year tenure.
A
ICICI Bank
B
HDFC Bank
C
Axis Bank
D
IDBI Bank
Question 9 Explanation: 
ICICI Bank signed a Memorandum of Understanding (MoU) with Small Business FinCredit India Pvt Ltd (SBFC) on 4 January 2019. Under the MoU, it will jointly provide loans worth up to Rs 1 crore to the Micro, Small and Medium Enterprises (MSMEs). ICICI Bank will co-originate loan against property with SBFC at a mutually agreed ratio. The loans of up to Rs 1 crore is for a tenure of 15 years.






Question 10 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The government of India has decided to infuse Rs 2, 159 crore in the bank of .....
A
Canara Bank
B
United Bank of India
C
Punjab National Bank
D
IDBI Bank
Question 10 Explanation: 
State-owned United Bank of India announced that the government has decided to infuse Rs 2, 159 crore in the bank as part of Rs 28, 615 crore capital infusion to be done in about half a dozen banks. The government has decided to pump Rs 28, 615 crore into seven public sector banks (PSBs) through recapitalization bonds soon. Out of these seven PSBs, Bank of India is likely to get the highest amount of Rs 10, 086 crore.
Question 11 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The government has amalgamated how many Regional Rural Banks into a single RRB?
A
6
B
5
C
4
D
3
Question 11 Explanation: 
The government has amalgamated three Regional Rural Banks - Punjab Gramin Bank, Malwa Gramin Bank and Sutlej Gramin Bank - into a single RRB. The sponsor banks of the RRBs are National Bank for Agriculture and Rural Development (NABARD), the Government of Punjab and Punjab National Bank, State Bank of India and Punjab and Sind Bank.






Question 12 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which banks signs a bancassurance pact with SBI Life Insurance to offer a comprehensive financial planning solution to its customers?
A
Punjab National Bank
B
IDBI Bank
C
Corporation Bank
D
Syndicate Bank
Question 12 Explanation: 
Syndicate Bank and SBI Life Insurance signed a bancassurance pact aiming to offer a comprehensive financial planning solution to its customers. The pact was signed between Syndicate Bank MD & CEO, Mrutyunjay Mahapatra and MD and CEO of SBI Life, Sanjeev Nautiyal. Through the pact, Syndicate Bank will provide penetration in the market with its 3, 000 branches and SBI Life's diverse range of protection, wealth creation and savings insurance products will be brought to the table to the customers.
Question 13 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
RBI allows HDFC Bank to hold how much percent in Bandhan Bank?
A
9.9
B
8.4
C
12
D
18.6
Question 13 Explanation: 
HDFC, India's largest mortgage lender, which has agreed to merge its low-cost arm Gruh Finance Pvt. Ltd. with Bandhan Bank, can hold 9.9 percent in the bank, according to its exchange filing. That's the maximum a non-banking finance company can own in a private bank. HDFC had sought approval for 14.96 percent.






Question 14 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank cleared the Divergence charges imposed by RBI?
A
Kotak Mahindra Bank
B
Yes Bank
C
IndusInd Bank
D
Axis Bank
Question 14 Explanation: 
The Reserve Bank of India cleared Yes Bank of Divergence charges i.e. disparity in reporting bad loans and provisioning numbers for the year ended March 2018. The final report has observed nil divergence in the bank's asset classification and provisioning from the norms of the RBI. In FY16, after its first assessment, Yes Bank was found divergence of Bad loans by RBI at Rs. 4, 176 crore higher than the reported gross NPA of Rs. 748.9 crore. Further, in FY17, Yes Bank was found to be divergence again at Rs. 6, 355 crore and reported gross NPA of Rs. 2, 018 crore lower than RBI's estimation of Rs. 8, 373 crore.
Question 15 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank grant 250 Million dollars for NRETP to boost Rural incomes in India?
A
World Bank
B
Asian Development Bank
C
Reserve Bank of India
D
European Investment Bank
Question 15 Explanation: 
In order to provide a boost to rural income across 13 states on India, World Bank shall provide $250 million support to the National Rural Economic Transformation Project (NRETP). The agreement was signed between the World Bank and Government of India. The Agreement was signed in New Delhi by Mr. Sameer Kumar Khare, Additional Secretary, Department of Economic Affairs, Ministry of Finance, on behalf of the Government of India and Mr. Hisham Abdo, Acting Country Director, World Bank India. The loan aims to help rural women entrepreneurs in setting up their businesses related to farm and non-farm products. The loan has a 5-year grace period with a final maturity of 20 years. National Rural Economic Transformation Project (NRETP) is an add-on to the National Rural Livelihoods Project (NRLP) worth $500-million, which was approved by the World Bank in July 2011. The National Rural Livelihoods Project (NRLP) currently spans across 13 states, 162 districts and 575 blocks. It has integrated 8.8 million women from poor rural households into 7.5 lakh self-help groups (SHGs).






Question 16 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which bank has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers?
A
Axis Bank
B
ICICI Bank
C
HDFC Bank
D
State Bank of India
Question 16 Explanation: 
State Bank of India (SBI) has launched doorstep banking service for senior citizens over 70 years of age and differently-abled customers. Eligible customers can avail this service at a nominal fee of 100 rupees per transaction for financial transactions and 60 rupees for non-financial transactions. Doorstep banking services are available to KYC- compliant account holders, with a valid mobile number registered with the bank and residing within 5 kilometers radius from their home branch. This service will not be available for accounts operated jointly, minor accounts, and accounts of non-personal nature.
Question 17 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Reserve Bank of India(RBI) has eased business guidelines for which of the following ATM's to source cash directly from the central bank?
A
White Label ATM
B
Blue Label ATM
C
Red Label ATM
D
Pink label ATM
Question 17 Explanation: 
The Reserve Bank of India has eased business guidelines for white label ATMs by allowing companies that manage these machines to source cash directly from the central bank. sThe guidelines released by RBI include managing machines to source cash directly from RBI offices, offer non bank services like bill payment and advertise even non financial products in their premises.As per the statement, RBI has allowed the operators to source cash from any Scheduled banks in India including cooperative and rural banks.RBI allowed White Label ATM Operators (WLAO) to offer bill payment and deposit services depending on the technical feasibility of the device as determined by NPCI. The ATMs setup, owned and operated by non-bank Entities are called White Label ATMs (WLAs). They provide banking services to customers of banks based on the debit/credit/prepaid cards issued by banks.






Question 18 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
With which company Reliance Jio Infocomm launch a new e-commerce platform in the country?
A
Reliance Fresh
B
Reliance Retail
C
Big Bazaar
D
DMart
Question 18 Explanation: 
Reliance Industries Ltd Chairman and managing director Mukesh Ambani announced that group companies Reliance Retail and Reliance Jio Infocomm would jointly launch a new e-commerce platform in the country. Gujarat would be the first state to get it. The announcement was made at the inauguration of the three-day Vibrant Gujarat summit. The new e-commerce project would empower 1.2 million shopkeepers in Gujarat.
Question 19 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
RBI imposed a Rs 1-crore penalty to this bank for non-compliance of Know Your Customer (KYC) guidelines and fraud-classification norms.
A
Vijaya Bank
B
Allahabad Bank
C
Bank Of Baroda
D
Bank of Maharashtra
Question 19 Explanation: 
Reserve Bank of India (RBI), imposed a Rs 1-crore penalty on state-owned Bank of Maharashtra (BoM) for non-compliance of Know Your Customer (KYC)guidelines and fraud-classification norms. The is penalty has been imposed on failure of the bank to follow the rules and regulation issued by the RBI. In the year 2018, the RBI had imposed a penalty of Rs 1 crore on BoM on account of delay on the part of the bank to detect and report fraud in accounts.






Question 20 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which of the following banks have been designated as the RBI's list of D-SIBs?
A
PNB, BoB, Dena Bank
B
SBI, BoB and ICICI Bank
C
HDFC, Yes, and Axis Bank
D
SBI, ICICI and HDFC
Question 20 Explanation: 
The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue to be in the Reserve Bank of India (RBI)'s list of Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs are required to maintain higher capital as compared to other banks. It means that these banks are too big to fail and failure of any of these banks will have cascading effect on Indian financial system. The D-SIB framework requires the RBI to disclose the names of banks designated as D-SIBs starting from 2015 and place these banks in appropriate buckets depending upon their Systemic Importance Scores (SISs). SIBs are subjected to higher levels of supervision so as to prevent disruption in financial services in the event of any failure.
Question 21 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Government of India signed a loan agreement of USD 926 Million, with which of the following bank in order to operationalize two lines for the Mumbai Metro Rail System?
A
Asian Development Bank
B
Asian Infrastructure Investment Bank
C
World Bank
D
Reserve Bank of India
Question 21 Explanation: 
The Asian Development Bank (ADB) and the Government of India signed a loan agreement of USD 926 Million in order to operationalize two lines for the Mumbai Metro Rail System and is the Single Largest Infrastructure Project Loan in ADB history. It will fund the following metro lines totalling to about 58 km:2A (Dahisar to D.N. Nagar) 2B (D.N. Nagar-Bandra-Mandale) 7 (Dahisar [East] to Andheri [East]). It will fund 63 six-car trains, signalling and safety systems, and help establish a new dedicated metro operations organization to manage the entire metro network in Mumbai. The Mumbai Metropolitan Region Development Authority (MMRDA) will implement the project and will be operational by the end of 2022. The Project is also ADB's first co-financing with the Shanghai-based New Development Bank, which will provide USD 260 million for the metro systems project.






Question 22 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
According to BCG-IBA Report - EASE Reforms for Public Sector Banks, This bank tops in the implementation of 'Reforms agenda'.
A
Bank of Baroda
B
Syndicate Bank
C
Canara Bank
D
Punjab National Bank
Question 22 Explanation: 
According to BCG-IBA Report - EASE Reforms for Public Sector Banks, released by Union Minister of Finance & Corporate Affairs, Punjab National Bank (PNB) secured the top spot among all public sector banks in the implementation of 'Reforms agenda'. PNB which topped the list with a score of 78.4 out of 100 in the EASE-index was followed by BoB (77.8), SBI (74.6), and Oriental Bank of Commerce (69). The EASE (Enhanced Access and Service Excellence) report has shown significant enhancement in PSB performance on the back of Government's 4R's strategy- recognition, recovery, recapitalisation and reforms. The index has measured Banks on 140 objective metrics across 6 themes including customer responsiveness, credit off-take and digitalization.
Question 23 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
RBI slapped Rs 3 crore on this bank for non-compliance in criteria for directors of the bank.
A
IndusInd Bank
B
Citibank India
C
Axis Bank
D
Yes Bank
Question 23 Explanation: 
The Reserve Bank of India (RBI), under the relevant provisions of the Banking Regulation Act, 1949, imposed a penalty of Rs 3 crore on Citibank India for non-compliance in criteria for directors of the bank. Citibank has been accused of deficiencies in regulatory compliance and of directions regarding the 'fit-and-proper criteria' for directors of the bank. The US-based Citibank has been operating in India for over 115 years.






Question 24 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Srei Equipment Finance and this bank entered into an agreement for financing the Micro, Small and Medium enterprises (MSME) and agriculture sector.
A
CUB
B
UBI
C
IOB
D
OBC
Question 24 Explanation: 
The United Bank of India (UBI) and Srei Equipment Finance have entered into an agreement for financing the Micro, Small and Medium enterprises (MSME) and agriculture sector. Under the agreement UBI plans to leverage the co-lending model to offer credit at blended interest rate of 11-12 per cent. The Bank will leverage low its low cost loans with Srei Equipment finance to enable purchase of equipment and vehicle in the seamless manner. The Bank is eying around 200 crore business over the period of three months by this agreement.
Question 25 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
The cabinet has approved the merger of Vijaya Bank & Dena Bank with ..... And become the first ever three-way merger in Indian banking.
A
Axis Bank
B
Union Bank of India
C
Punjab National Bank
D
Bank of Baroda
Question 25 Explanation: 
The cabinet has approved the merger of Vijaya Bank & Dena Bank with Bank of Baroda. After this merger, Bank of Baroda will become the third biggest public sector bank. The merger will be effective from April 1. This is also the first ever three-way merger in Indian banking. Bank of Baroda (BoB) finalised the share swap ratio for the merger of Vijaya Bank and Dena Bank with itself. As per the Scheme of Amalgamation, shareholders of Vijaya Bank will get 402 equity shares of BoB for every 1, 000 shares held. In case of Dena Bank, its shareholders will get 110 shares for every 1, 000 shares of BoB.






Question 26 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which small finance bank Partners With Suryoday SFB to offer Sweep Account Facility?
A
Aditya Birla Payments Bank
B
Airtel Payments Bank
C
Fino Payments Bank
D
India Post Payments Bank
Question 26 Explanation: 
Fino Payments Bank Partners With Suryoday SFB to offer Sweep Account Facility.
Question 27 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Name the India's largest bank which has signed an MoU with the Bank of China to boost business opportunities.
A
Canara Bank
B
State Bank of India
C
ICICI Bank
D
Bank of India
Question 27 Explanation: 
The country's largest lender State Bank of India has signed a pact with the Bank of China to boost business opportunities. SBI has signed an MoU to enhance business synergies between both the banks. Through this pact, both SBI and BoC will gain direct access to their respective markets of operation. Both banks' clients will be able to use the vast combined network to expand their businesses abroad. SBI has a branch in Shanghai and BOC is opening its branch in Mumbai.






Question 28 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Asian Development Bank will invest ..... million in solar energy project developer Avaada Energy Pvt Ltd.
A
45
B
50
C
38
D
30
Question 28 Explanation: 
Asian Development Bank (ADB) has inked an agreement to invest USD 50 million in solar energy project developer Avaada Energy Pvt Ltd to help the company scale up rapidly. The investment will come equally from ADB's Ordinary Capital Resources and Leading Asia's Private Infrastructure Fund (LEAP). LEAP is a funding arrangement provided by Japan International Cooperation Agency (JICA) which is administered by ADB.
Question 29 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Which among the following became the First US Bank with Cryptocurrency?
A
Bank of America
B
Goldman Sachs
C
JP Morgan Chase & Co
D
Wells Fargo
Question 29 Explanation: 
JP Morgan rolled out as the first US bank with cryptocurrency. The change in opinion of JP Morgan is the first step in the program of making it more competitive. The currency is designed to be decentralized so that no one has control over transactions being sent over the network. JP Morgan will be using the cryptocurrency to see its potential in using digital coins to reduce risk and enable instant transfers. Cryptocurrencies are used successfully to move money between bank and a client which usually runs on a blockchain technology. JPM Coin is not for retail customers . It will be used internally by the bank to enable instant transfers of payments between institutional accounts.






Question 30 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
For which bank Reserve Bank of India has slapped a penalty of Rs 2 crore for non-compliance of regulatory directions?
A
IDBI Bank
B
Bank of Baroda
C
Punjab National Bank
D
Syndicate Bank
Question 30 Explanation: 
The Reserve Bank of India has slapped a penalty of Rs 2 crore on Punjab National Bank for non-compliance of regulatory directions with regard to SWIFT operations. SWIFT is a global messaging software used for sharing information on inter-bank transactions by financial entities.
Question 31 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
How many banks are removed from the Prompt Corrective Action (PCA) framework by the Reserve Bank of India?
A
2
B
4
C
3
D
5
Question 31 Explanation: 
The Reserve Bank of India (RBI) has taken off Allahabad Bank, Corporation Bank and Dhanlaxmi Bank from the Prompt Corrective Action (PCA) framework allowing them to resume their normal lending activities. The Board for Financial Supervision (BFS) met to review the performance of banks under PCA and noted that the government has infused fresh capital into various banks including some of the banks currently under the PCA framework.






Question 32 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
Ajai Kumar is appointed as the interim CEO of this bank, recently.
A
Yes Bank
B
Axis Bank
C
KVB Bank
D
IDBI Bank
Question 32 Explanation: 
Ajai Kumar is appointed as the interim CEO of Yes Bank. He will hold the charge of MD & CEO till the new CEO Ravneet Gill joins the lender. Yes Bank said that the Reserve Bank of India had approved the interim appointment.
Question 33 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
This bank raises Rs 487 crore through private placement of Tier II bonds.
A
Kotak Mahindra Bank
B
Indian Overseas Bank
C
Karur Vysya Bank
D
Federal Bank
Question 33 Explanation: 
Karur Vysya Bank announced that it has raised Rs 487 crore through Basel-III compliant bonds for funding its growth plans. The decision was taken in the Capital Raising Committee of the board. The committee allotted 48, 700 BASEL-III compliant unsecured, redeemable, non-convertible tier-II bonds of Rs 1, 00, 000 each, totalling to Rs 487 crore and the capital raising was done on private placement basis. The instrument will be listed on NSE.






Question 34 ->Click on any option to know the correct answers (सही उत्तर जानने के लिए किसी भी Choice पर क्लिक करें)
RBI imposed Rs.1 crore penalty to this bank under Section 47 A of the Banking Regulation Act, 1949.
A
Canara Bank
B
Indian Bank
C
State Bank of India
D
Union Bank of India
Question 34 Explanation: 
The Reserve Bank of India (RBI) imposed a fine of Rs.1 crore penalty State Bank of India (SBI). This penalty was levied as the lender violated the RBI norms. RBI levied the penalty in the exercise of powers conferred under Section 47 A of the Banking Regulation Act, 1949 as SBI was not monitoring the end use of funds in respect of one of its borrowers.
There are 34 questions to complete.

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