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Banking Current Affairs April 2017 -Part II | Banking/Economy News

Banking Current Affairs April 2017 -Part II

Latest Current Affairs 2017 PDF Free – Banking/Economy News

According to World Bank Report named “Globalization Backlash”, What is the expected growth rate of Indian Economy for the financial year 2017-18?
7.2% ( It will increase from 6.8 % of previous fiscal year growth rate).
President of World Bank: Jim Yong Kim.
Head office of World Bank: Washington, D.C., United States.

Which financial institution launched its revamped website with user-friendly features and compatible with all desktop and mobile devices?
SEBI (Securities and Exchange Board of India).
Chairman of SEBI: Ajay Tyagi.
Head office: Mumbai.

Which bank has recently announced the opening of its IFSC Banking Unit (IBU) at Gujarat International Finance Tech City (GIFT City)?
RBL Bank.

Head office: Kolhapur, Maharashtra.
MD & CEO: Vishwavir Ahuja.

Who has been appointed as new MD & CEO of LIC Housing Finance?
Vinay Shah.

Which mobile company has been signed a MoU with Artel & BSNL to set up 5G internet speed in India and fast internet ecosystem in the country?

The Finance Ministry has approved how much percentage of interest on EPF Deposits in 2016-17?

In which two states the Reserve Bank of India (RBI) has set up 2 new offices of the ‘Banking Ombudsman’?

Jammu & Kashmir ( at Jammu).
Chattisgarh (in Raipur).

Recently Which financial organization of India has signed a Memorandum of Understanding (MoU) on “Supervisory Cooperation and Exchange of Supervisory Information” with the Royal Monetary Authority of Bhutan?

The Reserve Bank of India (RBI).

Explanation: The MoU was signed by Mr. Phajo Dorjee, Deputy Governor on behalf of Royal Monetary Authority of Bhutan and Mr. S S Mundra, Deputy Governor on behalf of Reserve Bank of India.

Which bank has introduced UPI payments on the multi-Bank Payment app ‘Chillr’?
HDFC Bank.
MD& CEO: Aditya Puri.
Tagline: We understand your world.
Head Office of HDFC Bank: Mumbai.

Explanation: UPI is an instant payment system developed by the National Payments Corporation of India (NPCI) to enable faster money transfer between any two parties’ bank accounts.

Which is the new framework that RBI has issued to resolve the problem of NPAs (non-performing assets) or Bad loans?
‘Revised Prompt Corrective Action (PCA) framework’
Explanation: Under the revised framework, if a bank crosses the third level of risk threshold
it will either be amalgamated or merged, or taken over by another entity.

The income tax department has launched which initiative to detect black money generation post demonetisation?
Operation Clean Money.

Explanation: CBDT has decided the flow of black money into the banks over Rs 9,334 crore between November 9, 2016, and, February 28, 2017.

Which bank has entered into an agreement with ‘Fly World Money Exchange’ to facilitate remittances by Indian expatriates in Australia?
South Indian Bank

Important Notes:
Head Office: Thrissur, Kerala.
MD & CEO: V.G. Mathew.
Tagline: Experience next-generation banking.

Who has been appointed as the new MD & CEO of Karnataka Bank Ltd (KBL)?
Mahabaleshwara Mavinakudige Subrahmanya.

KBL Head Office: Mangalore

Tagline: Family Bank Across India.

Which bank has been honored with IBA (Indian Banks Association) – banking technology awards 2017 in February 2017?
Karnataka Bank Ltd.
Winner- best financial inclusion initiatives category.
Runner – best use of digital and channels technology category.

Name the web portal which has been launched by IRDAI (Insurance Regulatory and Development Authority of India) that allows insurers to register and sell policies online?

Important Notes:
IRDA Chairman: T.S. Vijayan
Head Office: Hyderabad.

Recently, Who has been taken the whole time membership of Insolvency and Bankruptcy Board of India (IBBI)?
Dr. (Ms.) Mukulita Vijayawargiya.

Which online e-commerce portal got RBI approval to setup e-wallet to make online payments?
Amazon India ‘Amazon Pay’.

The Union Ministry has released how much amount to states under MGNREGS for this Financial Year 2017-18?
Rs. 23,443 crore.

Notes: MGREGS – Mahatma Gandhi National Rural Employment Guarantee Scheme.
Union Minister for Rural Development: Narendra Singh Tomar.

Who took charge as the Executive Director of the Reserve Bank of India?
Malvika Sinha.

According to World Economic Forum (WEF) Report, India stood at which position in Travel and Tourism Competitiveness report 2017 among 136 countries?
40th rank: India.

(Spain: 1st Position)

The Non-Banking Financial Company ‘Manappuram Finance” has launched its own co-branded prepaid card to promote its digital transactions by collaborating with which bank?
YES Bank.

Manappuram YES Bank Prepaid Money Card


Head office: Mumbai,
MD& CEO: Mr. Rana Kapoor.
Tagline: Experience our expertise.

How much amount was sanctioned by National Mission for Clean Ganga (NMCG) to reduce the river’s pollution load under the Centre’s ‘Namami Gange’ program?
Rs 2,154.28 crore (Totally 26 projects approved under this program)

Which bank’s customer has won Rs. 1 crore under the Modi government’s promotional scheme ‘Pradhan Mantri Lucky Grahak Yojana’ to popularize digital payments?
1st Prize: 1 crore: Central Bank of India ( The digital payment transaction of Rs 1,590 of a customer from Central Bank of India has got this lucky draw).
2nd Prize: 50 lakhs: Bank of Baroda customer.
3rd prize: 25lakhs: Punjab National Bank customer.

Which popular e-commerce platform is buying eBay India business in exchange for an equity stake that eBay has agreed to make a $500 million cash demonetization investment in and sell its eBay.in business?

The cash payments of over how much amount made during 50-day post demonetization has to be disclosed in the new one page of Income Tax return form?
2 lakhs.

According to the which report, it has mentioned that the India’s internet economy will be doubled to $250 billion by the year 2020 by BCG- TiE?
” The $250 billion digital Volcano”

Which organization disburses the Rs. 245 crore worth of prize money to about 18 lakh winners under the NITI Aayog’s Lucky Draw schemes -Lucky Grahak Yojna (LGY) and Digi-Dhan Vyapar Yojna (DVY) to encourage digital transactions?
National Payments Corporation of India (NPCI).

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