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Banking News – March 2017 | Banking Current Affairs for Bank Exams

Banking News – March 2017

Banking Current Affairs for Bank Exams

TDSAT refused to extend recent popular Reliance Jio’s free promotional offer. Expand TDSAT.
Telecom Disputes Settlement and Appellate Tribunal – (TDSAT started in the year 2000 to resolve
and look into the disputes and appeals in the telecom sector and ensures the growth of the telecom sector).

Which country’s banking system has overtook the Eurozone to become world’s biggest banking system?
China. (Now the world’s largest economy is China and China replaced the European Union in 2015 ).

Recently Bandhan Bank has signed MoU with which payment solution provider for better customer support in March 2017?
Avenues India Pvt. Ltd.

Bandhan Bank Head Quarters: Kolkata.
CEO: Chandra Shekhar Ghosh
Tagline: Aapka Bhala, Sabki Bhalai.

The PFRDA eased some rules of taxation in march 2017, The funds transferred from the recognized employee’s provident fund to the National pension system are not __________.

The RBI set up a standing committee to review the cyber security issues and promote digital transactions safer?
Who is the head of that committee?
Meena Hemchandra (It involves 11-members).

Which bank has launched “Work from Home” option to serve any urgency of employees work and with this the employees can work through their mobiles from home itself?
The State Bank of India (SBI).

The HDFC Bank has launched an instant digital Loan Against Securities (LAS) facility in collaboration with which organization?
NSDL (National Securities Depository Ltd.).

Recently, The RBI (Reserve Bank of India) allowed multilateral and regional financial institutions (FIs)
to invest in which Indian bonds?
Masala Bonds.
The ‘masala bonds’ are rupee-denominated bonds from which Indian entities can raise money from foreign markets in Indian rupee, and not in foreign currency.

As per this decision was taken by RBI. The Multilateral and regional financial institutions – ADB (Asian Development Bank) and BRICS Bank i.e NDB (New Development Bank) are eligible to invest in masala bonds.

Which international organization has issued the first masala bond?
International Finance Corporation (IFC) (in 2014)

Which was the first Indian company issued masala bonds for the first time on LSE (London Stock Exchange)?
HDFC (Housing Development Finance Corporation) – (in 2016)

what is the percentage rise in wholesale inflation in the month February 2017?
In February 2017- 6.65%
In January 2017 – 5.25%,
In December 2016 – 3.68%

Which state government has got loan approval from World Bank for ‘Rewa Ultra Mega Solar project’ to develop internal transmission arrangements?
Madhya Pradesh.

Which bank has been conferred with first prize in the western region for the year 2015-2016 for the implementation of Official Language Policy?
Central Bank of India.

Chairman & Managing Director – Shri. Rajeev Rishi
Head Office of CBI: Mumbai.
Tagline of CBI: “Central To you Since 1911”

Recently State Bank of India has been declared the one-time farm loan settlement scheme to buy tractors for farmers as part of agricultural loans. how much amount was sanctioned under this scheme?
6,000 crore rupees

Which bank has launched India’s first AI (artificial intelligence) based banking chatbot, Electronic Virtual Assistant (EVA), for providing solutions to its customer queries throughout the World?
HDFC Bank (Eva can able to answer millions of customer queries across multiple channels instantly, HDFC Bank).

Which PSU bank become the first bank in India to use gLTD (generic top level domain) to provide enhanced security to its online customers?
SBI( State bank of India) – It uses Bank.sbi instead of .com or co.in as website extension.

The State Bank of India has been signed MoU (Memorandum of Understanding) with which real estate association to start various development works in the realy sector?
Confederation of Real Estate Developers’ Associations of India (CREDAI)

Which bank has been tied up with IRCTC to promote digital transactions by providing facilities to buy railway tickets to its customers using the bank’s debit card?
The UBI (United Bank of India) – (Head Quarters: Kolkata).

Which has PSU Bank got Rs 3000 crore bailout package from the central government to maintain its credit growth and a healthy capital adequacy ratio (CAR)?
IDBI Bank.

IDBI Net loss (December 2016 Quarter): Rs. 2255 crores.
Gross NPAs: Rs. 35245 crore
Capital Adequacy Ratio – CAR.

The IDFC Bank has sanctioned Rs 675 crore for a solar power project owned by the French company – ‘Solairedirect’. In which state the Solairedirect is located?
Rajasthan. The Solairedirect raises the loan for a special purpose vehicle called Solaire Surya Urja Pvt.

The Airtel Payments Bank plans to partner with which organizations to offer insurance and credit facilities. As per RBI rules, Payments Banks are not allowed to lend, but it can offer the third party financial products?
NBFCs, Insurance companies

Airtel Payments Bank’s MD and CEO – Shashi Arora.
NBFC – NonBanking Financial Organization.

India has been linked with which organization to sanction the loan of USD 375 million for developing 800 km Visakhapatnam—Chennai Industrial Corridor?
ADB (Asian Development Bank Ltd.).

Which bank has released RFID enabled banking cards for better service to its valued customer when a customer enters into the bank then the complete information about the customer popups at manager’s PC?
Dena Bank (CEO: Shri. Ashwani Kumar,
Head Office: Mumbai,
Tagline: Trusted Family Bank,
RFID -Radio Frequency Identification Card ).

Important Abbreviations for bank exams (March 2017)

Department of Industrial Policy and Promotion – DIPP
Information and Credit Rating Agency – ICRA.
Pradhan Mantri Suraksha Bima Yojana – PMSBY.
Confederation of Real Estate Developers Associations of India – CREDAI.
Telecom Disputes Settlement and Appellate Tribunal – TDSAT
Organization for Economic Co-operation and Development – OECD.
Securities and Exchange Board of India – SEBI.
Pension Fund Regulatory and Development Authority – PFRDA.

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