Banks in India and their history - Banking awareness questions on current affairs

1)   As per the Fitch Ratings released on 1st Sep’15, which of the following banks has been downgraded by one notch to 'bb' to reflect the growing risk to the bank's capital position from its mounting stressed assets?
- Published on 08 Sep 15

a. Indian Bank
b. Canara Bank
c. Axis Bank
d. Punjab National Bank
Answer  Explanation  Related Ques

ANSWER: Punjab National Bank

Explanation:
Rating agency Fitch Ratings downgraded PNB's Viability Rating by one notch to 'bb' on the growing risk to the bank's capital position from a mounting stock of stressed assets.


2)   Which of the following banks were declared as Domestic Systemically Important Banks (D-SIBs) by the RBI on 31st Aiug’15?
- Published on 08 Sep 15

a. SBI & ICICI Bank
b. ICICI Bank & PNB
c. HDFC Bank & SBI
d. PNB & HDFC
Answer  Explanation 

ANSWER: SBI & ICICI Bank

Explanation:
The D-SIB framework requires RBI to disclose the names of banks designated as D-SIBs every year in August starting from August 2015. Now it is to be interpreted as that these banks are so integral to the economy that their failure would have to be prevented at any cost.


3)   Which bank has acquired the Sharekhan.com- broking and trading company?
- Published on 08 Sep 15

a. HSBC
b. BNP Paribas
c. Deutsche Bank
d. ING Vysya
Answer  Explanation  Related Ques

ANSWER: BNP Paribas

Explanation:
Mumbai based Sharekhan has been valued at Rs. 2200 Crore.


4)   What amount of capital would be infused in Public Sector banks by Indian Government over a period of four years to improve capital ratio and fight with rising bad loans?
- Published on 08 Sep 15

a. 70,000 Crore
b. 1 Lakh Crore
c. 2 lakh Crore
d. 500 Crore
Answer  Explanation  Related Ques

ANSWER: 70,000 Crore

Explanation:
No explanation is available for this question!


5)   Name the mobile banking app of Kotak Mahindra Bank (KMB) launched primarily for “un-banked” regions?
- Published on 08 Sep 15

a. Kotak Bharat
b. Bharat
c. Kotak India
d. IndianKotak
Answer  Explanation  Related Ques

ANSWER: Kotak Bharat

Explanation:
It is the ‘inclusive digital banking’ app launched by KMB that is primarily targetted to benefit customers in the under-banked and un-banked regions, who can access its services in their preferred language. One major benefit of this app is that it requires no internet connectivity.


6)   On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?
- Published on 08 Sep 15

a. PNB
b. UCO Bank
c. Allahabad Bank
d. Union Bank of India
Answer  Explanation  Related Ques

ANSWER: UCO Bank

Explanation:
The Gross Non-performing Assets as a percentage of total advances increased to 7.3 percent during June quarter, from 4.3 percent in the same period last fiscal. Net non-performing assets also rose to 4.5 percent against 2.3 per cent during the same quarter last year.


7)   Who has been appointed as the MD and CEO of Canara Bank by the government?
- Published on 08 Sep 15

a. M S Dhir
b. Rakesh Sharma
c. Rajesh Dhariwal
d. Sanjay Shah
Answer  Explanation  Related Ques

ANSWER: Rakesh Sharma

Explanation:
Rakesh Sharma is chosen from private sector to head the Public Sector Bank.


8)   Who has been appointed as the MD and CEO of Bank of Baroda by the government?
- Published on 08 Sep 15

a. P S Jayakumar
b. Jaykumar Sharma
c. Shiv Pal Sharma
d. Ajay Shankar
Answer  Explanation  Related Ques

ANSWER: P S Jayakumar

Explanation:
This is the first time the government has chosen the candidate from the private sector to head the Public Sector Banks.


9)   Which bank has launched the fist contactless debit, credit and multi-currency forex card?
- Published on 08 Sep 15

a. Axis Bank
b. ICICI Bank
c. HDFC Bank
d. SBI
Answer  Explanation  Related Ques

ANSWER: Axis Bank

Explanation:
The bank launched contactless multi-currency forex cards in partnership with Visa - the payments gateway company. Axis Bank would be the first bank to issue multi-currency contactless cards or 'tap and pay' cards which can be loaded in 15 currencies such as Swiss Franc and Hong Kong dollar besides the three main currencies - US dollar, Euro and British Pound.


10)   How many payment banks received in-principle approval by the Reserve bank of India?
- Published on 08 Sep 15

a. 3
b. 4
c. 6
d. 11
Answer  Explanation  Related Ques

ANSWER: 11

Explanation:
A payment bank is different from conventional banks as it cannot lend to its customers. It is allowed to take deposits, allow remittances and provide simple financial products. The central bank has approved applications of National Securities Depository Limited (NSDL), Reliance Industries , Aditya Birla Nuvo , Airtel M Commerce, Department of Posts , Fino PayTech, Tech Mahindra, Vodafone m-pesa, Cholamandalam Distribution Services, PayTM, and Sun Pharma.


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