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Banking Current Affairs 

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Banking Current Affairs 2020-21

Highlights Of Banking Current Affairs

  • HDFC Bank to launch ‘The HealthyLife Programme’ for its customers
  • RBI raises banks’ aggregate exposure limit for small businesses
  • Axis Bank launches ACE Credit Card in partnership with Google Pay
  • RBI’s 3rd Bi-Monthly Monetary Policy Statement 2020-21 Released
  • FM launches Indian Bank’s business mentoring programme ‘MSME Prerana’
  • ICICI Bank offers debit card for customers availing LAS
  • GoI appoints three new economists as RBI’s MPC members
  • RBI defers Basel III provisions amid Covid Uncertainty
  • Indian Bank launched Green-Tech Initiative “IB-eNote”
  • Vakrangee gets RBI approval to set up BBPS unit
  • SBI Card starts new brand campaign ‘Contactless Connections’
  • RBI to launch “Positive Pay System” for Cheque Truncation System
  • RBI publishes “’Technology Vision for Cyber Security’ for UCBs
  • IDFC First Bank to launch “SafePay” contactless debit card facility
  • HDFC Bank launches video Know Your Customer facility
  • Canara Bank introduces i-Lead 2.0 to boost customer services
  • Bandhan Bank sets up new vertical “Emerging Entrepreneurs Business”
  • ICICI Home Finance launched “Apna Ghar Dreamz” Home Loan Scheme
  • SBI, Titan launch contactless payment watches “Titan Pay”
  • ICICI Bank introduces ‘iStartup2.0’
  • RBI issued a notice on Compliance functions in banks and role…
  • Mastercard launches Central Bank Digital Currency testing platform
  • SBI to launch new loan scheme SAFAL for organic cotton growers
  • Bank of Baroda tops EASE 2.0 Index by IBA
  • RBI ceased Banking operations of Aditya Birla Idea Payments Bank
  • BoI launched “Signature Visa Debit Card” on his 115th Foundation Day
  • RBI releases revised Priority Sector Lending Guidelines
  • ICICI Bank launches ‘Home Utsav’, a virtual property exhibition
  • HDFC Bank & Adobe partners to enhance digital customer experiences

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Banking Current Affairs Question and Answers

Question 1. Which Bank acquired 9.9% stake in Kisan Finance for cash consideration of Rs 17.82 crore?

  1. Kotak Mahindra Bank
  2. ICICI Bank
  3. Axis Bank
  4. HDFC Bank

Answer: Option 2

Question 2. Which bank has signed a bancassurance deal with private life insurer HDFC Life Insurance Company?

  1. Corporation Bank
  2. Bank Of Baroda
  3. United Bank of India
  4. Andhra Bank

Answer: Option 3

Question 3. Hitachi Payment Services Pvt Ltd and this bank jointly establishing a digital payments platform for India.

  1. Axis
  2. ICICI
  3. HDFC
  4. SBI

Answer: Option 4

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Question 4. RBI slaps penalty for how many banks for non-strengthening of ‘SWIFT’ related controls?

  1. 7
  2. 4
  3. 3
  4. 6

Answer: Option 1

Question 5. Which bank receives Best Bank Award from the state government of Tamil Nadu?

  1. Canara Bank
  2. Indian Bank
  3. Axis Bank
  4. HDFC Bank

Answer: Option 2

Question 6. 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?

  1. Asian Development Bank
  2. Asian Infrastructure Investment Bank
  3. World Bank
  4. Reserve Bank of India

Answer: Option 1

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Question 7. Ravneet Gill is appointed as MD and CEO of which of the following Bank?

  1. Yes Bank
  2. IDBI Bank
  3. Axis Bank
  4. KVB Bank

Answer: Option 1

Question 8. This private Bank launches Open Banking Platform for next generation banking solutions.

  1. Dhanlaxmi Bank
  2. Kotak Mahindra Bank
  3. DCB Bank
  4. Federal Bank

Answer: Option 3

Question 9. According to BCG-IBA Report – EASE Reforms for Public Sector Banks, This bank tops in the implementation of ‘Reforms agenda’.

  1. Bank of Baroda
  2. Syndicate Bank
  3. Canara Bank
  4. Punjab National Bank

Answer: Option 4

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Question 10. Hemant Bhargava was appointed as the non-executive and non-whole time chairman of this bank.

  1. Yes Bank
  2. Axis Bank
  3. IDBI Bank
  4. Dena Bank

Answer: Option 3

Question 11. Germany’s KfW Development Bank and __________ has tied up for funding USD 130m to Refinance Solar Units.

  1. Punjab National Bank
  2. Bank of Baroda
  3. Dena Bank
  4. Axis Bank

Answer: Option 2

Question 12. How many banks are removed from the Prompt Corrective Action (PCA) framework by the Reserve Bank of India?

  1. 2
  2. 4
  3. 3
  4. 5

Answer: Option 3

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Question 13. UN, SIDBI and this bank jointly launched the Women’s Livelihood Bond, recently.

  1. RBI
  2. ADB
  3. World Bank
  4. IFC

Answer: Option 3

Question 14. Srei Equipment Finance and this bank jointly collabrated to provide equipment financing under co-lending arrangement.

  1. IDBI Bank
  2. Yes Bank
  3. Axis Bank
  4. Syndicate Bank

Answer: Option 4

Question 15. Which bank will pay Rs 28,000 Crore as Interim Dividend to the Government?

  1. SBI
  2. RBI
  3. HDFC
  4. Axis

Answer: Option 2

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Question 16. Indian Wealth management company, Edelweiss and this bank signed an MoU to access each other product platforms, recently.

  1. Bank of Singapore
  2. Asian Development Bank
  3. Bank of America
  4. World Bank

Answer: Option 1

Question 17. Which among the following became the First US Bank with Cryptocurrency?

  1. Bank of America
  2. Goldman Sachs
  3. JP Morgan Chase & Co
  4. Wells Fargo

Answer: Option 3

Question 18. Which bank cleared the Divergence charges imposed by RBI?

  1. Kotak Mahindra Bank
  2. Yes Bank
  3. IndusInd Bank
  4. Axis Bank

Answer: Option 2

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Question 19. The Reserve Bank of India (RBI) has penalised Rs 2 million each for __________, Kotak Mahindra Band and IDBI Bank for non-compliance with respect to Know Your Customer (KYC) norms and Anti-Money Laundering (AML) standards.

  1. HDFC Bank
  2. Andhra Bank
  3. Indian Overseas bank
  4. Union Bank of India

Answer: Option 1

Question20. RBI has recently raised the limit for collateral-free agriculture loans from Rs 1 Lakh to __________.

  1. Rs 1.6 lakh
  2. Rs 1.5 lakh
  3. Rs 1.4 lakh
  4. Rs 1.3 lakh

Answer: Option 1

Banking Current Affairs

Get Updated Banking Current Affairs and quiz questions through this page!!! Banks are the financial institutions that accept deposits from the public and create credit. IBPS RRB, IBPS PO, IBPS Clerk, SBI PO or other banks conducts various recruitment exams every year for filling up the vacant positions.

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Those candidates who are going to participate in banking exam can check the latest Banking And Finance Current Affairs from this single page. You can also download the Banking Current Affairs 2020 PDF from the official web portal via online mode. These Day-to-Day Bank Updates will help you to score good marks in General Awareness section and also help you to crack the interview session.

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