Important Current Affairs

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( August 1 to 31 Banking MCQ • The Reserve Bank of India (RBI) will introduce its
‘Unified Lending Interface’ (ULI) technology platform
2024 Current Affairs MCQ) across the nation. Introduced as a pilot project last
year, the platform aims to provide “frictionless
credit” and will soon be available nationwide.
बैं क ऑफ बड़ौदा (BoB) ने 10 साल के इं फ्रास्ट्र क्चर बांड्स के • ULI platform will facilitate a seamless and consent-
माध्यम से ककतनी राकि जुटाई? based flow of digital information, including land
records of various states, from multiple data service
How much amount did Bank of Baroda (BoB) raise through
providers to lenders. It will cut down the time taken
10-year infrastructure bonds?
for credit appraisal, especially for smaller and rural
a. ₹2,000 crore borrowers.

b. ₹3,000 crore • The ‘new trinity’ of JAM-UPI-ULI will be a

revolutionary step forward in India’s digital
c. ₹5,000 crore infrastructure journey. The JAM (Jan Dhan, Aadhar
d. ₹10,000 crore and Mobile) trinity is a tool used by the government
to transfer cash benefits directly to the bank account
Answer: (c) ₹5,000 crore of the beneficiary. Unified Payments Interface or UPI
Related Imp Points is a real-time payment system launched in India in
April 2016 by the National Payments Corporation of
• State-owned Bank of Baroda (BoB) raised Rs 5,000 India (NPCI).
crore through 10-year infrastructure bonds at a
coupon rate of 7.3 per cent.

• Funds raised through infrastructure bonds are ककस बैं क ने 'अवकन' बचत खाता िुरू ककया है ?
attractive from a bank’s point of view since they are
Which bank has introduced the ‘Avni’ savings account?
exempt from regulatory reserve requirements such
as the statutory liquidity ratio (SLR) and cash a. ICICI Bank
reserve ratio (CRR).
b. HDFC Bank
 Note: State Bank of India has raised Rs 7,500 crore by
c. Bandhan Bank
issuing Basel III compliant tier 2 bonds at a 7.42%
rate per annum. The bonds are issued for 15 years, d. State Bank of India
with a call option after 10 years and each anniversary
date thereafter. Answer: (c) Bandhan Bank
Related Imp Points

• Bandhan Bank has launched a new savings account

यूएलआई क्या है, कजसे आरबीआई जल्द ही पे ि करे गा?
named ‘Avni,’ specifically designed for women.
What is ULI, which will be introduced by RBI soon?
• The Avni savings account aims to empower women
a. Unified Loan Interface by offering personalised financial and lifestyle
solutions, along with a host of attractive benefits.
b. Unified Loan Integration
 Interim Managing Director and CEO of Bandhan
c. Unified Lending Interface Bank: Ratan Kumar Kesh
d. Universal Lending Interface  Headquarters: Kolkata
Answer: (c) Unified Lending Interface
Related Imp Points

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आरबीआई द्वारा ककतना म़ौकिक जुमााना लगाया गया है?
What is the amount of monetary penalty imposed by the ककस बैं क ने 'कनयो फॉर मचेंट्स' ऐप लॉन्च ककया है ?
RBI on The Manipur State Co-operative Bank Ltd., Manipur?
Which bank has launched ‘Neo for Merchants’ app?
a. ₹1.00 lakh
a. Axis Bank
b. ₹2.00 lakh
b. Bank of Baroda
c. ₹3.00 lakh
c. State Bank of India
d. ₹5.00 lakh
d. Punjab National Bank
Answer: (b) ₹2.00 lakh
Answer: (a) Axis Baroda
Related Imp Points
Related Imp Points
• The Reserve Bank of India (RBI) has imposed a
monetary penalty of ₹2.00 lakh on The Manipur State • Private sector bank Axis Bank launched a new
Co-operative Bank Ltd., Manipur. payment acceptance app for all merchant needs —
neo for merchants — in tie-up with VISA and
• The RBI has imposed a monetary penalty of ₹1.50 merchant SaaS platform for banks Mintoak.
lakh on The Urban Co-operative Bank Ltd., Cuttack.
• The app allows merchants to accept payments, view
• The RBI has imposed a monetary penalty of ₹1.25 transaction reports, and raise service requests
lakh on The Valsad Mahila Nagarik Sahakari Bank without relying on the relationship manager.
Ltd., Valsad, Gujarat. Merchants would be able to accept payments via
Cards, SMS Pay and UPI from the app along with
access transaction and settlement reports.
भारतपे ने दोपकहया वाहन ऋि फैसिसिटी के कलए ककस कंपनी
के साथ साझे दारी की है ?
नए मानदं डों के तहत, श्रेिी I और श्रेिी II वै कल्पिक कनवेि कोष
BharatPe has partnered with which company for facilitating
(एआईएफ) को ककतने कदनों के कलए ऋि लेने की अनु मकत है ?
two-wheeler loans?
Under the new norms, Category I and Category II
a. Volt Money
Alternative Investment Funds (AIFs) are allowed to take
b. HDFC Bank loans for how many days?

c. OTO Capital a. 10 days

d. ICICI Lombard b. 20 days

Answer: (c) OTO Capital c. 30 days

Related Imp Points d. 60 days
• Fintech firm BharatPe announced its foray into Answer: (c) 30 days
facilitation of secured loans for merchant partners on
Related Imp Points
its platform. The company has launched facilitation
of two-wheeler loans and Loans Against Mutual • Securities and Exchange Board of India (Sebi) issued
Funds (LAMF) for its existing merchant partners in guidelines for borrowing by Category I and Category
the first phase. II alternative investment funds (AIFs).
• BharatPe has partnered with OTO Capital, a digital • Under the new norms, they will be allowed to take
commerce and lending platform, for enabling two- loans to meet temporary funding requirements and
wheeler loans. Additionally, the company has day-to-day operational requirements but for not
partnered with Volt Money to facilitate Loans more than 30 days.
Against Mutual Funds to its merchant partners.

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• These AIFs will be allowed to borrow on not more How much did Overseas Indians deposit into non-resident
than four occasions in a year and not more than 10% Indian (NRI) deposit schemes between April and June FY25?
of the investable funds.
a. $2 billion
• Sebi has made it mandatory for AIFs to not exceed
b. $3 billion
20% of the investment proposed to be made in the
investee company, or 10% of the investable funds of c. $4 billion
the scheme of AIF or the commitment pending to be
drawn down from investors other than the d. $5 billion
investor(s) who has failed to provide the drawdown Answer: (c) $4 billion
amount, whichever is lower.
Related Imp Points
• All Category I and Category II AIFs will be required to
• Overseas Indians deposited approximately $4 billion
maintain a thirty days cooling-off period between
into non-resident Indian (NRI) deposit schemes
two periods of borrowing.
between April and June FY25, representing a
significant 79% increase compared to the same
period last year, as per data from the Reserve Bank
ररज़वा बैं क ने कनम्नकलल्पखत में से ककसके कलए स्वत: पु नः पूकता की
of India (RBI).
अनु मकत दी?
• This surge contrasts sharply with a 24.39% drop in
The Reserve Bank allowed auto-replenishment for which of outward remittances under the RBI's Liberalised
the following? Remittance Scheme (LRS), which totaled $6.9 billion
a. Credit Cards for the quarter.

b. UPI Payments • The NRI deposit schemes include foreign currency

non-resident (FCNR) deposits, non-resident external
c. Mobile Wallets (NRE) deposits, and non-resident ordinary (NRO)
d. FASTag and NCMC deposits.

Answer: (d) FASTag and NCMC

Related Imp Points ककस कंपनी ने 'गृ ह रक्षक' नामक गृ ह ऋि योजना िुरू की?

• The Reserve Bank of India modified its e-mandate Which company launched the home loan scheme called
framework and allowed auto-replenishment of ‘Griha Rakshak’?
FASTag and National Common Mobility Card (NCMC).
a. HDFC Ltd
• The current e-mandate framework requires a pre-
b. SBI Home Loans
debit notification at least a 24-hours before the
actual debit from the customer's account. c. ICICI Home Finance

• Payments for auto-replenishment, since they are d. LIC Housing Finance

recurring in nature but without any fixed periodicity,
Answer: (d) LIC Housing Finance
will be exempt from the requirement of pre-debit
notification. Related Imp Points

• LIC Housing Finance Limited has launched a home

loan scheme called ‘Griha Rakshak’ for the armed
forces. The scheme offers discounted interest rates
and benefits to serving and retired personnel.
ओवरिीज भारतीयों ने अप्रैल से जून FY25 के द़ौरान गै र-
कनवासी भारतीय (NRI) जमा योजनाओं में लगभग सितनी राकि • Under the Griha Rakshak scheme, eligible applicants
जमा की? with a CIBIL score of 750 and above can avail of home

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loans up to Rs 2 crore at a competitive interest rate d. Punjab National Bank
of 8.4 per cent per annum. As an additional benefit,
Answer: (b) Bank of Baroda
LIC Housing Finance has waived processing fees for
such loans. Related Imp Points

• Bank of Baroda (BoB) has emerged as the preferred

lender for a significant ₹5,000 crore loan deal with
आकदत्य कबडला फाइनें स और ककस लघु कवत्त बैं क ने वीज़ा और Steel Authority of India Limited (SAIL), a state-
रुपे भुगतान ने टवका द्वारा संचाकलत क्रेकडट काडा लॉन्च करने की owned steelmaker.
घोषिा की है ?
• BoB’s competitive bid of 7.49% for a five-year loan,
Aditya Birla Finance and which Small Finance Bank has linked to the 364-day treasury bill, secured the deal
announced the launch of credit cards, powered by Visa and over other major public and private sector banks. The
RuPay payment networks? loan will be used to fund SAIL’s capital expenditure
and working capital requirements.
a. AU Small Finance Bank

b. Jana Small Finance Bank

c. ESAF Small Finance Bank Jio Financial Services Ltd. को ककस सीमा तक कवदे िी कनवे ि
बढाने की अनु मकत कमली है?
d. Ujjivan Small Finance Bank
To what limit has Jio Financial Services Ltd. been allowed to
Answer: (a) AU Small Finance Bank increase foreign investment?
Related Imp Points a. 51% of total equity
• Aditya Birla Finance Limited ("ABFL"), a wholly owned b. 49% of total equity
subsidiary of Aditya Birla Capital, and AU Small
Finance Bank Limited (SFB), India's largest small c. 74% of total equity
finance bank, has announced the launch of Aditya
d. 100% of total equity
Birla Finance AU credit cards, powered by and
available on Visa and RuPay payment networks. Answer: (b) 49% of total equity

• The feature-loaded co-branded credit cards are Related Imp Points

available in four variants - ABC AU Flex, ABC AU Nxt,
• Jio Financial Services Ltd. has received approval from
ABC AU Pro, ABC AU Biz.
Department of Economic Affairs, Ministry of Finance
• AU Small Finance Bank to increase the foreign investment limits in the
company to 49% of the total equity, on a fully diluted
 MD and CEO: Sanjay Agarwal basis.
 Headquarters: Jaipur • Earlier, Jio Financial announced a partnership with
 Tagline: Chalo Aage Badhe BlackRock, Inc. to launch their wealth management
and broking business.

• Jio Financial Services Ltd. is an Indian financial

ककस बैं क ने SAIL के साथ ₹5,000 करोड िी ऋि डीि हाकसल services company, based in Mumbai that was
िी है ? originally a subsidiary of Reliance Industries (RIL). Its
subsidiary Jio Finance holds an NBFC license from the
Which bank has bagged ₹5,000 crore loan deal with SAIL?
RBI. Another subsidiary, Jio Payments Bank, is also a
a. ICICI Bank payments bank registered in India.

b. Bank of Baroda

c. State Bank of India

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सुरकक्षत प्रत्यायोकजत भुगतान के कलए एनपीसीआई ने अपने • The World Bank (International Bank for
यूपीआई प्लेटफॉमा पर क़ौन सी नई सुकवधा पे ि की है? Reconstruction and Development, IBRD) issued the
Amazon Reforestation-Linked Outcome Bond.
What new feature has NPCI introduced on its UPI platform
fo secured delegated payments? • The 9-year USD 225 million bond was priced on
August 13, 2024, and is due July 31, 2033. Outcome
a. UPI Circle bonds link investors’ financial return to measurable
b. UPI Social and impactful development outcomes in a liquid,
high-grade fixed income product.
c. UPI Global
• Through the transaction, approximately USD 36
d. UPI Connect million of additional capital is mobilized from
investors to support the reforestation activities of
Answer: (a) UPI Circle
Mombak, a Brazilian based company.
Related Imp Points

• The National Payments Corporation of India (NPCI)

has introduced a new feature called ‘UPI Circle’ on its ककस कंपनी को RBI से NBFC (कनवे ि और क्रेकडट कंपनी) के
Unified Payments Interface (UPI) platform. This रूप में पं जीकरि का प्रमाि पत्र प्राप्त हुआ?
feature allows primary UPI account holders to
Which company received the certificate of registration as a
securely delegate payment responsibilities to trusted
NBFC (investment and credit company) from the RBI?
secondary users.
a. Tata Capital Ltd.
• The Reserve Bank of India introduced this facility
during its August MPC meeting. “Delegated b. Bajaj Finance Ltd.
Payments” would allow an individual (primary user)
c. Reliance Capital Ltd.
to set a UPI transaction limit for another individual
(secondary user) on the primary user’s bank account. d. HDB Financial Services
• A primary user can delegate up to 5 secondary users Answer: (a) Tata Capital Ltd.
and a secondary user can accept delegation from
Related Imp Points
only one primary user. For full delegation, members
shall ensure a maximum monthly limit of ₹15,000 per • The Reserve Bank of India (RBI) has approved Tata
delegation and a maximum per transaction limit of Capital Limited’s (TCL) conversion from a non-
₹5000. banking finance company (NBFC)-core investment
company (CIC) to an NBFC-investment credit
company (ICC).
कवश्व बैं क द्वारा जारी अमेज़न पु नवा नीकरि-कलंक्ड आउटकम
• This follows TCL’s merger with Tata Cleantech
बांड का कुल मूल्य क्या है? Capital and Tata Capital Financial Services. TCL had
What is the total value of the Amazon Reforestation-Linked earlier announced the merger of Tata Motors
Outcome Bond issued by the World Bank? Finance Ltd with itself. As a result, Tata Motors will
hold a 4.7 per cent stake in the merged entity.
a. USD 200 million

b. USD 225 million

RBI ने NDX P2P प्राइवे ट कलकमटे ड पर ककतना म़ौकिक जुमााना
c. USD 250 million
लगाया?
d. USD 275 million
What is the amount of the monetary penalty imposed by
Answer: (b) USD 225 million the RBI on NDX P2P Private Limited?

Related Imp Points a. ₹1,50,00,000

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b. ₹1,92,00,000 b. HDFC Bank

c. ₹2,00,00,000 c. State Bank of India (SBI)

d. ₹1,75,00,000 d. Punjab National Bank (PNB)

Answer: (b) ₹1,92,00,000 Answer: (d) Punjab National Bank (PNB)

Related Imp Points Related Imp Points

• The Reserve Bank of India (RBI) has a monetary • State-owned Punjab National Bank has launched the
penalty of ₹1,92,00,000 on NDX P2P Private Limited PNB ANTAH DRISHTI Braille Debit Card, designed for
(‘LiquiLoans) for non-compliance with certain visually impaired customers.
provisions of the ‘NBFC - Peer to Peer Lending
• This contactless National Common Mobility Card
Platform (Reserve Bank) Directions, 2017.’
(NCMC) debit card is available on RuPay network.
• The RBI has imposed a monetary penalty of
• Braille is a system of touch reading and writing for
₹1,99,50,000 on Innofin Solutions Private Limited for
blind persons in which raised dots represent the
non-compliance with certain provisions of the ‘Non-
letters of the alphabet.
Banking Financial Company - Peer to Peer Lending
Platform (Reserve Bank) Directions, 2017.’ • MD & CEO of Punjab National Bank: Atul Kumar Goel
• In exercise of the powers conferred under Section
45-IA (6) of the Reserve Bank of India Act, 1934, the
RBI has cancelled the Certificate of Registration ककस म्यूचुअल फंड कंपनी ने भारत का पहला कनफ्टी टॉप 10
(CoR) issued to Margdarshak Financial Services इक्वल वे ट इं डेक्स फंड और ईटीएफ लॉन्च ककया?
Limited.
Which mutual fund company launched India's first-ever
• The RBl has imposed a monetary penalty of ₹50,000 Nifty Top 10 Equal Weight Index Fund and ETF?
on The Nashik Jilha Mahila Sahakari Bank Ltd, Nashik,
a. DSP Mutual Fund
Maharashtra.
b. HDFC Mutual Fund
• The RBl has imposed a monetary penalty of ₹2.00
lakh on Maharashtra Nagari Sahakari Bank Limited, c. ICICI Prudential Mutual Fund
Latur, Maharashtra.
d. Kotak Mahindra Mutual Fund
• The RBI has imposed a monetary penalty of
Answer: (a) DSP Mutual Fund
₹25,00,000 on Shikshak Sahakari Bank Limited,
Nagpur. Related Imp Points

• The RBI has imposed a monetary penalty of ₹8.00 • DSP Mutual Fund has launched India`s first-ever Nifty
lakh on The Co-operative Bank of Rajkot Ltd., Rajkot, Top 10 Equal Weight Index Fund and ETF, offering a
Gujarat. unique investment opportunity by equally weighting
the top 10 Indian companies based on free float
• The RBI has imposed a monetary penalty of ₹1 lakh market capitalization within the Nifty index.
on The Gandhidham Mercantile Co-operative Bank
Limited, Kachchh, Gujarat.  Note: Mirae Asset Mutual Fund has unveiled India’s
first Multicap Exchange Traded Fund (ETF), the Mirae
Asset Nifty500 Multicap 50:25:25 ETF.
ककस बैं क ने अं तः दृकि ब्रे ल डे कबट काडा लॉन्च ककया?

Which bank launched the ANTAH DRISHTI Braille Debit

Card?

a. ICICI Bank

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कालााइल ग्रु प ने पीएनबी हाउकसंग फाइनें स में ककतनी प्रकतित
कहस्से दारी बे ची?
What percentage of stake did The Carlyle Group divest in 'प्राइमस' क्रेकडट काडा ककस बैं क द्वारा जारी ककया गया है ?
PNB Housing Finance?
'Primus' credit card has been issued by which bank?
a. 10.5%
a. SBI Bank
b. 15.2%
b. ICICI Bank
c. 12.8%
c. Axis Bank
d. 8.70%
d. HDFC Bank
Answer: (c) 12.8%
Answer: (c) Axis Bank
Related Imp Points
Related Imp Points
• US-based private equity firm, the Carlyle Group
divested a 12.8 per cent stake in PNB Housing • Axis Bank, in collaboration with Visa, has introduced
Finance for Rs 2,578 crore through open market the ‘Primus’ credit card, a new offering available
transactions while Singapore government, Monetary exclusively by invitation to ultra-high-net-worth
Authority of Singapore picked up stakes in the individuals.
company. • Cardholders can access exclusive culinary
• American growth equity firm General Atlantic also experiences, including reservations at top restaurants
sold up to 5.1% stake in PNB Housing via open and Michelin-star establishments. Additionally, they
market. will receive invitations to private art galleries and
global events, and enjoy curated travel itineraries,
including access to private jets.

ककस बैं क की सहायक कंपकनयों सोनाटा फाइनें स और  Note: Citibank credit cards have been migrated to
बीएसएस माइक्रोफाइनें स का कवलय ककया जाएगा? Axis Bank credit cards. Citibank credit card customers
can begin using your new Axis Bank card(s) on their
Which bank's subsidiaries Sonata Finance and BSS current Citi-branded card(s) to get advantages.
Microfinance will be merged?

a. Axis Bank
ककस बैं क को RBI से म्यूचुअल फंड के पररसंपकत्त प्रबं धन
b. ICICI Bank
व्यवसाय के कलए पू िा स्वाकमत्व वाली सहायक कंपनी स्थाकपत
c. HDFC Bank करने की मंजूरी कमली है?
d. Kotak Mahindra Bank Which bank has received approval from the RBI to establish
a wholly-owned subsidiary focused on the asset
Answer: (d) Kotak Mahindra Bank
management business of mutual funds?
Related Imp Points
a. ICICI Bank
• Kotak Mahindra Bank informed that Sonata Finance
Private Ltd and BSS Microfinance Ltd, both wholly- b. Axis Bank
owned subsidiaries of the bank, at their respective c. HDFC Bank
board meetings have approved a scheme of
amalgamation. d. IndusInd Bank

• Sonata would merge with BSS Microfinance Ltd on a Answer: (d) IndusInd Bank
going concern basis. Related Imp Points
• Managing Director and CEO of Kotak Mahindra Bank • IndusInd Bank has received approval from the
(KMB): Ashok Vaswani Reserve Bank of India (RBI) to establish a wholly
owned subsidiary focused on asset management

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business of Mutual Fund. The RBI’s approval includes Answer: (d) Power Finance Corporation
infusion of equity capital into the new subsidiary,
Related Imp Points
which will operate within the mutual fund sector.
• State-owned Power Finance Corporation (PFC) has
• The new subsidiary will be tasked with managing
secured a loan of 25.5 billion Japanese yen (around
mutual fund assets, expanding the bank’s presence in
Rs 147 crore) from Japan Bank for International
the financial services sector.
Cooperation (JBIC) for a wind energy project.

• This loan is part of JBIC's Global Action for

Bank of Baroda ने अपनी दू सरी ‘phygital’ िाखा कहााँ खोली? Reconciling Economic Growth and Environmental
Preservation (GREEN) initiative.
Where did Bank of Baroda open its second 'phygital'
branch? • The loan proceeds will be used to finance 300.3 MW
Wind Energy Project of Ostro Kannada Power Private
a. Delhi Ltd (OKPPL) in Karnataka.
b. Mumbai

c. Bangalore कनााटक बैं क द्वारा ककस कंपनी के साथ साझे दारी में 'क्रेकडट
d. Hyderabad लाइन ऑन यूपीआई' सेवा िुरू की गई है?

Answer: (d) Hyderabad The ‘Credit Line on UPI’ service has been launched by
Karnataka Bank in partnership with which company?
Related Imp Points
a. Navi
• Public sector lender Bank of Baroda (BoB) opened a
‘phygital’ branch at Chanda Nagar in Hyderabad. b. Paytm

• This is the second such facility of the bank in the c. PhonePe

country. BoB opened its first phygital branch on July
d. BharatPe
20 at Horniman Circle in Mumbai on the occasion of
the lender’s 117th foundation day. Answer: (a) Navi
• The term ‘phygital’ stands for the convergence of the Related Imp Points
physical and digital worlds in which banks combine
• Karnataka Bank has announced the launch of ‘Credit
analogue and virtual business activities into a new,
Line on UPI’. The bank will be offering ‘Credit Line on
customer-oriented mix.
UPI’ through a partnership with Navi (a financial
services company).

ककस कंपनी ने पवन ऊजाा पररयोजना के कलए जापान बैं क फॉर  Managing Director and CEO of Karnataka Bank:
इं टरने िनल कोऑपरे िन (JBIC) से 25.5 कबकलयन जापानी येन Srikrishnan H
का ऋि प्राप्त ककया है ?  Chairman, Managing Director and CEO of Navi
Which company has secured a loan of 25.5 billion Japanese Technologies Ltd: Sachin Bansal
yen from Japan Bank for International Cooperation (JBIC)
for a wind energy project?
FY24 में 43 क्षेत्रीय ग्रामीि बैंकों (RRB) ने ककतना ने ट प्रॉसफट
a. NTPC
असजित सिया?
b. NHPC
How much consolidated net profit did 43 Regional Rural
c. REC Ltd Banks (RRBs) post in FY24?

d. Power Finance Corporation a. ₹6,178 crore

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c. ₹5,500 crore Garagepreneurs Internet Pvt Ltd, Quadrillion Finance

Pvt Ltd, Intergalactory Foundry Pvt Ltd, RGVN (North
d. ₹8,500 crore
East) Microfinance Ltd, and North East Small Finance
Answer: (b) ₹7,796 crore Bank.

Related Imp Points • North East Small Finance Bank

• 43 regional rural banks (RRBs) posted a consolidated  CEO: Rajan Bajaj
net profit of ₹7,796 crore in FY24, up 26 per cent
 HQs: Guwahati, Assam
from ₹6,178 crore in FY23. Further, the number of
RRBs posting a net loss has declined to three  Tagline: Your Door Step Banker
(aggregating ₹225 crore) from six (aggregating ₹1,205
crore).

• RRBs were established in 1975 to secure credit flow नए कनयमों के तहत, हाउकसंग फाइनें स कंपकनयों (एचएफसी)
to small and marginal farmers, agricultural labourers, द्वारा स्वीकार या नवीनीकृत की गई सावा जकनक जमा राकि को
artisans, and weaker sections of society. These banks चुकाने की अकधकतम अवकध क्या है?
are three-way joint ventures between the Central
Under the new regulations, what is the maximum period for
government (50 per cent stake), the State
which public deposits accepted or renewed by Housing
government in which the bank operates (15 per
Finance Companies (HFCs) should be repayable?
cent), and a sponsor bank (35 per cent).
a. 12 months
• As of March-end 2024, there were 43 RRBs
(sponsored by 12 scheduled commercial banks – 11 b. 24 months
public sector banks and Jammu & Kashmir Bank) with
22,069 branches spread across 26 States and three c. 36 months
Union Territories (Puducherry, Jammu & Kashmir, d. 60 months
and Ladakh).
Answer: (d) 60 months
Related Imp Points
ककस कंपनी ने नॉथा ईस्ट् स्मॉल फाइनें स बैं क (NESFB) के साथ
• Housing Finance Companies (HFCs) accepting public
कवलय के कलए NCLT से मंजूरी प्राप्त की है?
deposits will face the same regulatory rigour as
Which company has received approval from NCLT for its deposit-taking Non-Banking Finance Companies
merger with North East Small Finance Bank (NESFB)? (NBFCs), with the ceiling on the quantum of deposits
and the maximum period for which they can accept
a. Slice deposits being halved. Further, HFCs will be required
b. Paytm to maintain higher minimum percentage of liquid
assets.
c. PhonePe
• The ceiling on quantum of public deposits held by
d. BharatPe deposit taking HFCs, which comply with all prudential
Answer: (a) Slice norms and minimum investment grade credit rating,
has been reduced from 3 times to 1.5 times of net
Related Imp Points owned fund.
• Consumer payments and lending company Slice has • Public deposits accepted or renewed by HFCs will be
received approval from the National Company Law repayable after a period of twelve months or more
Tribunal (NCLT) for its merger with North East Small but not later than 60 months (currently 120 months).
Finance Bank (NESFB). Existing deposits with maturities above 60 months
• The NCLT Guwahati bench has sanctioned the can be repaid as per their existing repayment
scheme of arrangement and amalgamation involving profile.

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• All deposit taking HFCs have to maintain, on an a. ₹2,00,000

ongoing basis, liquid assets to the extent of 15 per
b. ₹5,00,000
cent (against the current 13 per cent) of the public
deposits held by them, in a phased manner – 14 per c. ₹10,00,000
cent by January 1, 2025 and 15 per cent by July 1,
2025. d. ₹15,00,000

Answer: (b) ₹5,00,000

Related Imp Points
ररजवा बैं क ऑफ इं कडया (RBI) ने ककस बैं क पर ₹1,27,20,000 का
म़ौकिक दं ड लगाया है ? • The Reserve Bank of India (RBI) has imposed a
monetary penalty of ₹5,00,000 on Muthoot Housing
The Reserve Bank of India (RBI) has imposed a monetary Finance Company Limited for non-compliance with
penalty of ₹1,27,20,000 on which bank? certain provisions of the ‘Non-Banking Financial
a. HDFC Bank Company - Housing Finance Company Directions,
2021’ issued by RBI relating to ‘Governance’.
b. State Bank of India
• The RBI has imposed a monetary penalty of
c. Bank of Maharashtra ₹3,10,000 on Ashoka Viniyoga Limited for non-
d. Punjab National Bank compliance with certain provisions of the ‘Non-
Banking Financial Company - Systemically Important
Answer: (c) Bank of Maharashtra Non-Deposit taking Company and Deposit taking
Related Imp Points
Company Directions, 2016’ issued by the RBI, relating
to ‘Governance Issues’.
• The Reserve Bank of India (RBI) has imposed a
monetary penalty of ₹1,27,20,000 on Bank of
Maharashtra for non-compliance with certain हाल ही में भारतीय ररजवा बैंक (RBI) ने ककस बैं क पर
directions issued by RBI on ‘Loan System for Delivery
₹1,06,40,000 का जुमााना लगाया है ?
of Bank Credit’, ‘Cyber Security Framework in Banks’
and ‘Know Your Customer’. Which bank was recently penalized by the Reserve Bank of
India (RBI) with a fine of ₹1,06,40,000?
 The RBI has imposed a monetary penalty of ₹4.90
lakh on Hinduja Leyland Finance Limited for non- a. ICICI Bank
compliance with certain provisions of the Reserve
b. State Bank of India
Bank of India (Know Your Customer (KYC)) Directions,
2016. c. Union Bank of India
 The RBI has imposed a monetary penalty of ₹10.00 d. Punjab National Bank
lakh on Poonawalla Fincorp Limited, Pune,
Maharashtra for non-compliance with certain Answer: (c) Union Bank of India
provisions of the ‘Non-Banking Financial Company - Related Imp Points
Systemically Important Non-Deposit taking Company
• The Reserve Bank of India (RBI) has imposed a
and Deposit taking Company (Reserve Bank)
monetary penalty of ₹1,06,40,000 on Union Bank of
Directions, 2016’ issued by RBI, relating to ‘Fair
Practices Code for NBFCs’. India for non-compliance with certain directions
issued by RBI on ‘Creation of a Central Repository of
Large Common Exposures-Across Banks’ and ‘Know
Your Customer (KYC)’.
RBI द्वारा मुथूट हाउकसंग फाइनें स कंपनी कलकमटे ड पर ककतना
म़ौकिक जुमााना लगाया गया? • The RBI has imposed a monetary penalty of
₹1,86,80,000 on CSB Bank Ltd for non-compliance
What is the amount of the monetary penalty imposed on with certain directions issued by RBI on ‘Guidelines
Muthoot Housing Finance Company Limited by RBI?

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on Managing Risks and Code of Conduct in Answer: (c) Capital Small Finance Bank
Outsourcing of Financial Services by banks’ and
Related Imp Points
‘Master Circular on Branch Authorisation’.
• Capital Small Finance Bank Limited (CSFB), and
• The RBI has imposed a monetary penalty of
Edelweiss Life Insurance have entered into a
₹5,00,000 on Nido Home Finance Limited for non-
bancassurance tie-up.
compliance with certain provisions of the direction
on ‘Co-Lending by Banks and NBFCs to Priority  MD & CEO, CSFB: Sarvjit Singh Samra
Sector’ issued by RBI. Headquarters: Jalandhar (Punjab)

 MD & CEO, Edelweiss Life Insurance: Sumit Rai

ककस कंपनी को RBI से NBFC (कनवे ि और क्रेकडट कंपनी) के

रूप में पं जीकरि का प्रमाि पत्र प्राप्त हुआ?
पाइन लैब्स के स्वाकमत्व वाली सेतु ने UPI केंकित भुगतान
Which company received the certificate of registration as a प्लेटफॉमा के कलए ककस बैं क के साथ साझे दारी की है ?
NBFC (investment and credit company) from the RBI?
Pine Labs-owned Setu has partnered with which bank for
a. Tata Capital Ltd. UPI focused payments platform?

b. L&T Finance Ltd. a. Yes Bank

c. Bajaj Finance Ltd. b. Axis Bank

d. Reliance Capital Ltd. c. ICICI Bank

Answer: (b) L&T Finance Ltd. d. HDFC Bank

Related Imp Points Answer: (b) Axis Bank
• L&T Finance Ltd. received the certificate of Related Imp Points
registration as a non-banking financial company
• Pine Labs-owned Setu, an application programming
(investment and credit company) from the Reserve
interface (API) infrastructure provider, introduced a
Bank of India.
Unified Payments Interface (UPI)-focused payments
• The NBFC was earlier registered as an NBFC-Core platform for businesses and developers in
Investment Company. However, after the company's partnership with Axis Bank.
merger with its wholly owned subsidiaries, L&T
• The platform, named UPISetu, supports a wide range
Finance, L&T Infra Credit Ltd. and L&T Mutual Fund
of UPI products, from basic QR code payments, UPI
Trustee Ltd., the company applied for conversion
Autopay, equated monthly instalments (EMIs), and
from an NBFC-CIC to an NBFC-ICC.
third-party validation service.

• CEO of Pine Labs: B Amrish Rau

ककस लघु कवत्त बैं क ने एडलवाइस लाइफ इं श्योरें स के साथ
बैं कएश्योरें स समझ़ौते पर हस्ताक्षर ककए हैं?
कुल संपकत्त के कहसाब से दु कनया के िीषा सबसे धनी केंिीय बैं कों
Which small finance bank has signed bancassurance pact
की सूची में आरबीआई सिि स्थान पर है ?
with Edelweiss Life Insurance?
In the list of top wealthiest central banks in the world by
a. ESAF Small Finance Bank
total assets, where does the RBI stand?
b. Ujjivan Small Finance Bank
a. 10th
c. Capital Small Finance Bank
b. 12th
d. Suryoday Small Finance Bank
c. 15th

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d. 20th • IDBI Bank had received banking regulator RBI's nod

for the 'fit & proper' criteria for privatization.
Answer: (b) 12th
Related Imp Points

• Sovereign Wealth Fund Institute (SWFI) listed the माचा 2024 को समाप्त कवत्तीय वषा में बैं कों द्वारा बट्टे खाते में
top wealthiest central banks in the world by total डाली गई कुल राकि ककतनी थी?
assets. What was the total amount written off by banks in the
• th
India’s Reserve Bank of India ranks 12 around the financial year ending March 2024?
world. The Reserve Bank of India (RBI) balance sheet a. Rs 150,000 crore
grew by 11.08% year on year to Rs 70.47 trillion as of
March 31, 2024, owing to its liquidity and foreign b. Rs 170,270 crore
currency (forex) activities.
c. Rs 190,500 crore
• Top 5 wealthiest central banks: Federal Reserve
d. Rs 208,037 crore
System (US), People’s Bank of China, Bank of Japan,
Deutsche Bundesbank, and Bank of France. Answer: (b) Rs 170,270 crore

• When evaluating a central bank’s assets, several Related Imp Points

factors come into play. Foreign exchange reserves,
• After writing off loans worth over Rs 9.90 lakh crore
which include monetary gold, foreign currency
in the last five years, the amount written off by banks
holdings, Special Drawing Rights (SDRs), and reserve
declined by 18.15 per cent during the financial year
positions in the International Monetary Fund (IMF),
ended March 2024, data from the Reserve Bank of
are critical indicators of a central bank’s financial
India (RBI) showed.
health.
• Banks reported a decline in loan write-off at Rs
फेयरफैक्स फाइनें कियल, एकमरे ट् स एनबीडी और कोटक 170,270 crore in FY24 as against Rs 208,037 crore in
मकहं िा बैं क को ककस बैं क के कलए कफट एं ड प्रॉपर सकटा कफकेट the previous year.
प्राप्त हुआ है?
• The mega write-off exercise has enabled banks to
Three suitors Fairfax Financial, Emirates NBD, and Kotak reduce their non-performing assets (NPAs), or
Mahindra Bank have received Fit & Proper’ certificates for defaulted loans, by Rs 990,224 crore ($117.88 billion)
which bank? in the last five years.
a. IDBI Bank • Banks were able to recover Rs 46,036 crore in 2023-
24 from loan written off earlier as against Rs 45,551
b. South India Bank
crore last year. Total recoveries from write-offs were
c. Bank of Maharashtra only 18.70 per cent at Rs 185,241 crore in the last
five years. This means banks were not able to recover
d. Central Bank of India
81.30 per cent of the loan written off in five years
Answer: (a) IDBI Bank despite adopting various recovery measures.

Related Imp Points • Once a loan is written off by a bank, it goes out from
the asset book of the bank. The bank writes off a loan
• The Reserve Bank of India (RBI) has granted ‘Fit &
after the borrower has defaulted on the loan
Proper’ certificates to three potential suitors for IDBI
repayment and there is a very low chance of
Bank, paving the way for their possible acquisition of
recovery. The lender then moves the defaulted loan,
the bank.
or NPA, out of the assets side and reports the
• The candidates include Fairfax Financial, Emirates amount as loss.
NBD, and Kotak Mahindra Bank.
• A loan becomes an NPA when the principal or
interest payment remains overdue for 90 days.

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• Public sector banks reported the lion’s share of write- • Three payment companies have secured the cross-
offs at Rs 349,108 crore accounting for nearly 63 per border payment aggregator licence from the Reserve
cent of the write-off exercise. Bank of India (RBI). These are Mumbai-based
merchant payment company BillDesk, Amazon Pay,
and global payments major Adyen.
2014 से आरबीआई ने ककतने िहरी सहकारी बैं कों के लाइसेंस • They joined Bengaluru-based payment aggregator
रद्द कर कदए हैं? Cashfree in the list of licence holders. Cashfree was
How many Urban Cooperative Banks' licenses have been the first company to secure the PA-cross border
cancelled by the RBI since 2014? licence.

a. 50 • The PA-CB licence allows payment companies to offer

payment services in the export-import space.
b. 60 According to the recently released Economic Survey
2024, India is expected to receive $129 billion worth
c. 78
of remittances by 2025.
d. 100

Answer: (c) 78
सोसाइटी फॉर वर्ल्ा वाइड इं टरबैं क फाइनें कियल
Related Imp Points टे लीकम्युकनकेिंस (ल्पस्वफ्ट) भुगतान धोखाधडी से कनपटने में
• The Reserve Bank of India (RBI) has cancelled the मदद के कलए ककस बैं क के साथ साझे दारी में एक एआई
licenses of 78 Urban Cooperative Banks (UCBs) since पररयोजना िुरू करे गी?
calendar year 2014, of which 46 percent are from
Society for Worldwide Interbank Financial
Maharashtra.
Telecommunications (SWIFT) will launch an AI project in
• In 2024 alone (till July), licenses of 10 UCBs were partnership with which bank to help combat payments
cancelled. In 2023, licenses of 14 UCBs and in 2022 fraud?
licenses of 12 UCBs were cancelled.
a. Yes Bank
• However, if the overall figures since 2014 is taken
b. Axis Bank
into account, then Maharashtra leads with 36 co-
operative banks losing their licenses, followed by c. ICICI Bank
Uttar Pradesh (14 banks) and Karnataka (8 banks).
d. HDFC Bank

Answer: (b) Axis Bank

कनम्नकलल्पखत में से क़ौन सी उन कंपकनयों में से एक नही ं है कजन्हें
Related Imp Points
सीमा पार भुगतान एग्रीगे टर लाइसेंस प्राप्त हुआ है?
• Belgium-headquartered Society for Worldwide
Which of the following is NOT one of the companies that Interbank Financial Telecommunications (SWIFT), the
received the cross-border payment aggregator license? global specialist in financial transactions, is launching
a. Adyen an artificial intelligence (AI)-driven pilot in
partnership with Axis Bank to help combat payments
b. PayPal fraud occurring in cross-border payments.
c. BillDesk • Along with global banks, including BNY Mellon,
d. Amazon Pay Deutsche Bank, DNB, HSBC, Intesa Sanpaolo and
Standard Bank, the duo will test the use of secure
Answer: (b) PayPal data collaboration and federated learning
Related Imp Points
technologies.

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माचा 2024 में RBI का कडकजटल भुगतान सूचकांक क्या था? • The Reserve Bank of India (RBI) has imposed a
monetary penalty of ₹50,000 on Nidhi Co-operative
What was the RBI’s Digital Payments Index in March 2024? Bank Ltd., Ahmedabad, Gujarat for non-compliance
a. 430.25 with the directions issued by RBI on ‘Loans and
Advances to directors, relatives and firms/concerns
b. 445.50 in which they are Interested’.
c. 438.60  The RBI has imposed a monetary penalty of ₹2.00
d. 455.75 lakh on Suvarnayug Sahakari Bank Ltd., Pune, for
non-compliance with certain directions issued by RBI
Answer: (b) 445.50 on ‘Know Your Customer (KYC)’.
Related Imp Points  The RBI has 2024 imposed a monetary penalty of
• The Reserve Bank of India’s (RBI) Digital Payments ₹5.00 Lakh on Urban Co-operative Bank Ltd.,
Index, a measure of the extent of digitisation of Mainpuri for non-compliance with certain directions
payments across the country, increased to 445.50 in issued by RBI on ‘Investments by Primary (Urban) Co-
March 2024 as against 418.77 for September 2023. operative Banks’.

• The RBI-Digital Payments Index has been constructed

with March 2018 as the base period, that is, the DPI
8 अगस्त तक, म़ौकिक नीकत सकमकत (MPC) ने लगातार ककतनी
score for March 2018 is set at 100. The RBI publishes
बार पॉकलसी रे पो दर को 6.50% पर अपररवकतात रखा है ?
the RBI-Digital Payments Index on a semi-annual
basis with a lag of four months. As on August 8, How many times in a row has the Monetary
Policy Committee (MPC) kept the policy repo rate
 RBI's Digital Payments Index comprises five broad
unchanged at 6.50%?
parameters-
a. Five
1. Payment Enablers (weight 25 per cent)
b. Nine
2. Payment Infrastructure – Demand-side factors (10
per cent) c. Seven
3. Payment Infrastructure – Supply-side factors (15 per d. Eleven
cent)
Answer: (b) Nine
4. Payment Performance (45 per cent)
Related Imp Points
5. Consumer Centricity (5 per cent)
• The Monetary Policy Committee (MPC) at its on
August 8, 2024 decided to keep the policy repo rate
under the liquidity adjustment facility (LAF)
कनकध सहकारी बैं क कलकमटे ड पर ककतना जुमााना लगाया गया? unchanged at 6.50 per cent for the ninth time in a
What is the amount of the penalty imposed on Nidhi Co- row.
operative Bank Ltd.? • The decision was taken with a majority of 4:2 by the
a. ₹25,000 MPC. Dr. Shashanka Bhide, Dr. Rajiv Ranjan, Dr.
Michael Debabrata Patra and Shaktikanta Das voted
b. ₹10,000 to keep the policy repo rate unchanged at 6.50 per
cent. Dr. Ashima Goyal and Prof. Jayanth R. Varma
c. ₹50,000
voted to reduce the policy repo rate by 25 basis
d. ₹1,00,000 points.
Answer: (c) ₹50,000 • Consequently, the standing deposit facility (SDF) rate
remains unchanged at 6.25 per cent and the marginal
Related Imp Points

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standing facility (MSF) rate and the Bank Rate at 6.75 will allow customers to make payments by tapping a
per cent. debit or credit card or scanning a QR code. The
device can help small shops in accepting all types of
• The MPC also decided to remain focused on
payments, including UPI and card transactions.
withdrawal of accommodation.
• Near Field Communication (NFC) is a set of short-
• Real GDP growth for 2024-25 is projected at 7.2 per
range wireless technologies, typically requiring a
cent with Q1 at 7.1 per cent; Q2 at 7.2 per cent; Q3
distance of 4 cm or less to initiate a connection.
at 7.3 per cent; and Q4 at 7.2 per cent. Real GDP
growth for Q1:2025-26 is projected at 7.2 per cent.

• Headline inflation increased to 5.1 per cent in June ककस बैं क ने िीसनयर अनसिक्योडि कसंकडकेटे ड टमा लोन सुकवधा
2024 after remaining steady at 4.8 per cent during के माध्यम से $750 कमकलयन जुटाए?
April-May 2024. CPI inflation for 2024-25 is projected
at 4.5 per cent with Q2 at 4.4 per cent; Q3 at 4.7 per Which financial institution raised $750 million through a
cent; and Q4 at 4.3 per cent. CPI inflation for Senior Unsecured Syndicated Term Loan Facility?
Q1:2025-26 is projected at 4.4 per cent. a. Axis Bank
• The next meeting of the MPC is scheduled during b. ICICI Bank
October 7 to 9, 2024.
c. HDFC Bank
• For expeditious clearance of cheques, the RBI has
announced measure on Continuous Clearing of d. State Bank of India (SBI)
Cheques under Cheque Truncation System (CTS).
Answer: (d) State Bank of India (SBI)
Once implemented cheques would be cleared within
hours of submission instead of two days taken Related Imp Points
currently. The clearing cycle will reduce from the • The country’s largest lender, State Bank of India (SBI),
present T+1 days to a few hours. has raised $750 million through a Senior Unsecured
Syndicated Term Loan Facility for deployment of
funds in lending operations.
ककस कंपनी ने भारत का पहला NFC काडा साउं डबॉक्स लॉन्च
ककया? • SBI’s board has approved a plan to raise long-term
funds up to $3 billion in single or multiple tranches in
Which company launched India's first NFC Card Soundbox? FY25. It would raise funds through a public offer
and/or private placement of bonds in US dollars or
a. Paytm
other major foreign currencies.
b. Infosys
 Note: Bank of Maharashtra raised Rs 811 crore
c. Reliance Industries through a 10-year infrastructure bond issue at a
coupon rate of 7.8 per cent.
d. Tata Consultancy Services

Answer: (a) Paytm

ककस एजेंसी ने एमएसएमई क्षे त्र को ऋि की सुकवधा के कलए
Related Imp Points
C2treds और UGRO Capital के साथ साझे दारी की है ?
• One 97 Communications Limited (OCL), Paytm's
parent company, launched India's first NFC Card Which agency has partnered with C2treds and UGRO Capital
Soundbox which is a two-in-one mobile QR payment to facilitate loans to the MSME sector?
device that combines NFC card payment technology a. RBI
with mobile QR payments.
b. SBI
• The new launch will provide a cost-effective solution
for offline merchants. The Paytm NFC Card Soundbox c. SIDBI
d. NABARD

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a. ICICI Bank

Answer: (c) SIDBI b. HDFC Bank

Related Imp Points c. IndusInd Bank
• Small Industries Development Bank of India (Sidbi) d. Kotak Mahindra Bank
has partnered with C2treds and UGRO Capital to
facilitate loans to the MSME sector. Answer: (d) Kotak Mahindra Bank
Related Imp Points
• Sidbi has onboarded C2treds, a platform that offers
MSMEs liquidity within 24 hours through an online • Kotak Mahindra Bank, in partnership with tech firm
bidding process. GOQii, announced the launch of a smartwatch which
would enable its customers to make contactless
• C2treds operates under the Trade Receivables
payments apart from monitoring some of the health
Discounting System (TReDS) initiative which enables
parameters.
the discounting of invoices and is regulated by the
Reserve Bank of India (RBI) to support the MSME • Powered by RuPay On-The-Go, the The Kotak – GOQii
sector in India. Smart Vital Plus smartwatch enables seamless
transactions up to Rs 5,000 without requiring a PIN.

 Note: Kotak Mahindra Bank Ltd has appointed Grant

भारतीयों और एनआरआई को वै कश्वक कनवे ि पहुं च प्रदान करने
Thornton Bharat as the external auditor.
के कलए एचडीएफसी कसक्योररटीज ने ककस कंपनी के साथ
साझे दारी की है ?

Which company has HDFC Securities partnered with to offer FY2024 में न्यू नतम बै िेंि न बनाए रखने के कलए 11 सावाजकनक
access to global investing for Indians & NRIs? क्षे त्र के बैं कों द्वारा विूिी गई कुल राकि ककतनी थी?

a. Paytm What was the total amount charged by 11 Public Sector

banks for non-maintenance of minimum balance in FY2024?
b. Bajaj Alliance
a. Rs 2,000 crore
c. Vested Finance
b. Rs 2,331 crore
d. Muthoot Finance
c. Rs 5,614 crore
Answer: (c) Vested Finance
d. Rs 1,855.43 crore
Related Imp Points

• HDFC Securities, a leading stock broking company Answer: (b) Rs 2,331 crore
and a wholly-owned subsidiary of HDFC Bank, has Related Imp Points
announced a strategic tie-up with Vested Finance, a
• Eleven public sector banks—excluding State Bank of
popular US-based investment platform, for
India (SBI) — have charged Rs 2,331 crore from
democratising global investing for Indians and NRIs.
account holders for their failure to maintain
• Global Investing 2.0 will provide a leap to all investors minimum balance in savings banks in FY2024, a rise
wanting augmented protection, innovative features, of 25.63 per cent from Rs 1,855.43 crore in FY2023.
and deep portfolio diversification. These banks collected Rs 5,614 crore from account
holders for not maintaining the minimum balance in
the last three years.
टे क फमा GOQii के साथ साझे दारी में ककस बैं क ने संपका रकहत • SBI stopped charging penalty for not maintaining
भुगतान के कलए स्माटा वॉच लॉन्च की? minimum balance since FY2020.
Which bank in partnership with tech firm GOQii, launched
smartwatch for contactless payments?

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• Punjab National Bank (PNB) collected the maximum Hingoli, Maharashtra, for contravention of the
amount of Rs 633.4 crore from their customers, provisions of section 26A read with section 56 of the
followed by Bank of Baroda Rs 386.51 crore and Banking Regulation Act, 1949 (BR Act).
Indian Bank Rs 369.16 crore.

• Some basic minimum facilities are being provided to

account holders under Basic Savings Bank Deposit हाल ही में रै नसमवे यर की चपे ट में आई C-Edge टे क्नोलॉजीज
Account (BSBDA), free of charge, without any कलकमटे ड ककन दो कंपकनयों का संयुक्त उद्यम है?
requirement of minimum balance. Under BSBDA, C-Edge Technologies Ltd, recently hit by Ransomware, is a
minimum of four withdrawals in a month, including joint venture between which two companies?
ATM withdrawal are allowed.
a. TCS and SBI

b. TCS and Infosys

भारतीय ररजवा बैं क ने द कहंदुस्तान को-ऑपरे कटव बैं क कलकमटे ड
पर ककतना जुमााना लगाया? c. Infosys and Wipro

What is the amount of the penalty imposed by the Reserve d. SBI and HDFC Bank
Bank of India on The Hindusthan Co-operative Bank Answer: (a) TCS and SBI
Limited?
Related Imp Points
a. ₹1.00 lakh
• The National Payments Corporation of India (NPCI)
b. ₹2.00 lakh informed that C-Edge Technologies Ltd, a technology
service provider who caters mostly to cooperative
c. ₹3.00 lakh
banks and regional rural banks (RRBs), has been
d. ₹4.00 lakh possibly impacted by a ransomware attack.

Answer: (d) ₹4.00 lakh • The attack has likely impacted 150-200 cooperative
banks and RRBs.
Related Imp Points
• C-Edge is a joint venture between Tata Consultancy
• The Reserve Bank of India (RBI) has imposed a
Services Ltd. (TCS) and State Bank of India (SBI).
monetary penalty of ₹4.00 lakh on The Hindusthan
Co-operative Bank Limited, Mumbai, for non-
compliance with certain directions issued by RBI on
‘Exposure Norms and Statutory / Other Restrictions - भारत आने वाले अं तराािरीय याकत्रयों के कलए NPCI द्वारा लॉन्च
UCBs’, and ‘Know Your Customer (KYC) Norms’. ककए गए वॉलेट का नाम क्या है ?

• The RBI has imposed a monetary penalty of ₹2.00 What is the name of the wallet launched by NPCI for
lakh on Alibag Co-operative Urban Bank Limited, international travelers coming to India?
Maharashtra for non-compliance with certain
a. TravelPay Wallet
directions issued by RBI on ‘Management of
Advances-UCBs’. b. Global UPI Wallet

• The RBl has imposed a monetary penalty of ₹2.08 c. One World UPI Wallet
lakh on Shrikrishna Co-operative Bank Limited,
d. Universal Payment Wallet
Umrer, Maharashtra, for non-compliance with
certain directions issued by RBI on ‘Loans and Answer: (c) One World UPI Wallet
advances to directors, their relatives, and firms
Related Imp Points
/concerns in which they are interested’.
• The National Payments Corporation of India (NPCI)
• The RBl has imposed a monetary penalty of ₹1.00
announced the One World UPI wallet for
lakh on Nagnath Urban Co-operative Bank Limited,
international travellers coming to India.

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• The wallet offers the convenience of making UPI

payments without requiring an Indian SIM card or an
Indian bank account and is based on the technology आईसीआईसीआई लोम्बाडा और ककस बैं क ने बैं कएश्योरें स
called Prepaid Payment Instrument (PPI). समझ़ौते की घोषिा की है ?

• One World UPI wallet was first introduced in 2023 ICICI Lombard and which bank have announced a
during the G20 India summit and is now being rolled Bancassurance tie-up?
out. a. ICICI Bank
• The One World UPI is currently available from NPCI b. HDFC Bank
partners such as IDFC First Bank and Transcorp.
Interested travellers can get on board the service c. State Bank of India
from select airports and merchant stores.
d. Karnataka Bank Limited

Answer: (d) Karnataka Bank Limited

टाटा पावर सोलर कसस्ट्म्स कलकमटे ड ने रूफटॉप सोलर Related Imp Points
इं स्ट्ॉलेिन और EV चाकजिंग स्ट्े िनों के कवत्तपोषि के कलए ककस
• ICICI Lombard and Karnataka Bank Limited have
बैं क के साथ साझे दारी की है ?
announced a Bancassurance tie-up, aiming to offer
Tata Power Solar Systems Ltd (TPSSL) has partnered with ICICI Lombard's insurance products to Karnataka
which bank for financing rooftop solar installations and EV Bank's customers.
charging stations?
• The partnership will leverage Karnataka Bank's 915
a. Axis Bank branches to reach over 13 million customers,
providing a wide range of insurance products
b. Bank of India
including motor, health, crop, fire, personal accident,
c. Bank of Baroda marine, engineering, and liability insurance.

d. Union Bank of India

Answer: (b) Bank of India NIIT इं स्ट्ीट्यू ट ऑफ फाइनेंस, बैं ककंग एं ड इं श्योरें स (NIIT IFBI)
ने ककस बैं क के सहयोग से 'ACE बैं कर प्रोग्राम' लॉन्च ककया?
Related Imp Points

• Tata Power Solar Systems Ltd (TPSSL) has partnered NIIT Institute of Finance, Banking and Insurance (NIIT IFBI)
with Bank of India (BOI) to facilitate easy financing launched the ‘ACE Banker Program’ in collaboration with
for rooftop solar installations and establishment of which bank?
electric vehicle (EV) charging stations. a. SBI
• Under the PM Surya Ghar Yojana, residential b. ICICI Bank
customers seeking to install solar systems up to 3 KW
can avail loans up to Rs 2 lakh with only a 5 per cent c. HDFC Bank
margin money requirement. These loans are offered d. IndusInd Bank
at an attractive interest rate of 7.10 per cent per
annum, are collateral-free, and have a tenure of up to Answer: (c) HDFC Bank
10 years. Related Imp Points
• For installations above 3 KW and up to 10 KW, loans • NIIT Institute of Finance, Banking and Insurance (NIIT
can be availed up to Rs 6 lakh with a 5 per cent IFBI), a subsidiary of NIIT, announced the launch of
margin money requirement. The interest rates for the ACE Banker Program in collaboration with HDFC
these loans range from 8.3 per cent to 10.25 per cent Bank.
per annum, and these are also collateral-free with a
tenure of up to 10 years. • A key component of NIIT's Talent Pipeline as a
Service (TPaaS) initiative, this programme aims to

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recruit and train customer service professionals for

HDFC Bank.

• This comprehensive full-time program includes 45

days of residential training at NIIT University's
Campus. Upon completion of the course, candidates
will receive a joint certificate from HDFC Bank and
NIIT and would be offered jobs, subject to the terms
and conditions of the Program.

वषा 2023-24 के कलए मुिा और कवत्त (आरसीएफ) पर भारतीय

ररजवा बैं क की ररपोटा का कवषय क्या है ?

What is the theme of the Reserve Bank of India's Report on

Currency and Finance (RCF) for the year 2023-24?

a. Financial Inclusion

b. Sustainable Growth

c. Economic Resilience

d. India’s Digital Revolution

Answer: (d) India’s Digital Revolution

Related Imp Points

• The Reserve Bank of India released the Report on

Currency and Finance (RCF) for the year 2023-24.

• The theme of the Report is “India’s Digital

Revolution”. The Report reflects the views of the
contributors and not of the Reserve Bank.

• The Report finds empirical support for a positive role

of the regulatory framework in increasing the
confidence of consumers in digital financial products,
boosting operating and technical efficiencies of
financial institutions and engendering more liquid
and integrated financial markets.

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