Current Static Banking Flashcards
- Name the Bank that has recently (in July ‘23) inaugurated 34 Transaction Banking Hubs
across 21 district centres across India.
1) Bank of Baroda
2) YES Bank
3) ICICI Bank
4) HDFC Bank
5) State Bank of India
Answer- 5) State Bank of India
Explanation:
On the occasion of its 68th foundation day July 1st, 2023, the State Bank of India (SBI) inaugurated
34 Transaction Banking Hubs across 21 district centres in the country. These hubs aim to provide
efficient and quick Transaction Banking solutions to customers.
i. The SBI’s goal is to meet all customer needs and offer comprehensive solutions for transaction,
payment, and collection requirements in one place.
ii. The bank aims to transform its Transaction Banking services and Current Account-related offerings
to enhance customer experience.
- In July 2023, Bank of Baroda (BoB) intended to sell up to ____________ of its ownership in the
credit card division BOB Financial Solutions Ltd.
1) 30%
2) 25%
3) 49%
4) 51%
5) 35%
Answer- 3) 49%
Explanation:
The government-owned Bank of Baroda (BoB) intends to sell up to 49% of its ownership in the credit
card division BOB Financial Solutions Ltd. BoB currently holds a 100% ownership interest.
i. BOB intends to offloadThe government-owned Bank of Baroda (BoB) intends to sell up to 49% of its
ownership in the credit card division BOB Financial Solutions Ltd.
ii. BoB currently holds a 100% ownership interest. up to 49 per cent in a combination of primary and
secondary capital from one or multiple investors to create more value in BOB Financial Solutions and
take it to the next level of growth.
iii. By issuing about 1.2 million credit cards in FY23 as opposed to 0.5 million the previous year, BOB
Financial more than doubled the acquisition of new credit cards.
3.Name the bank that has recently (in August ‘23) launched Prime Minister Street Vendors
Aatmanirbhar Nidhi (PMSVANidhi) publicity campaign to access affordable working capital
loans for their livelihood activities.
1) State Bank of India
2) Bank of India
3) Bank of Baroda
4) Indian Bank
5) Punjab National Bank
Answer- 1) State Bank of India
Explanation:
State Bank of India, Hyderabad Circle, launched Prime Minister Street Vendors Aatmanirbhar Nidhi
(PMSVANidhi) publicity campaign to facilitate more street vendors to access affordable working
capital loans for their livelihood activities.
i. Five PMSVANidhi branded vehicles were flagged off by SBI Deputy Managing Director Amit Jhingran
and Chief General Manager of Hyderabad Circle Rajesh Kumar. The vehicles would be going around
the city explaining the details and urging street vendors to make the best use of the scheme, the bank
said in a release on the launch from its local head office here.
- What is the tagline of IndusInd Bank?
1) Good People to Grow With
2) The Banker to Every Indian
3) We Make You Feel Richer
4) Banking With Personal Touch
5) Together we can
Answer- 3) We Make You Feel Richer
Explanation:
About IndusInd Bank Limited(Ltd):
Managing Director(MD) & Chief Executive Officer(CEO) – Sumant Kathpalia
Headquarters – Mumbai, Maharashtra
Established in – 1994
Tagline – We Make You Feel Richer
- In August 2023, the Competition Commission of India (CCI) imposed a penalty of Rs. 40 lakh
on _________ (Bank) for failing to notify the regulator about its acquisition of a stake in CSC e-
Governance.
1) IndusInd Bank
2) Axis Bank
3) ICICI Bank
4) HDFC Bank
5) YES Bank
Answer- 2) Axis Bank
Explanation:
The Competition Commission of India (CCI) has imposed a penalty of Rs. 40 lakh on Axis Bank for
failing to notify the regulator about its acquisition of a stake in CSC e-Governance.
i. The watchdog said in an order that the transaction under consideration comprised acquisition of a
9.91 per cent stake in CSC e-Governance by Axis Bank and was completed in November 2020.
ii. The private lender has/had representation on the board of CSC e-Governance.
iii. Axis Bank is required to pay the penalty within 60 days from the date of order.
- What is the Tagline of YES Bank?
1) Good People to Grow With
2) The Banker to Every Indian
3) We Make You Feel Richer
4) Experience Our Expertise
5) Together we can
Answer- 4) Experience Our Expertise
Explanation:
About YES Bank Limited (Ltd):
Managing Director (MD) & Chief executive Officers (CEO) – Prashant Kumar
Headquarters – Mumbai, Maharashtra
Established in – 2004
Tagline –Experience Our Expertise
