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Banking News – Last 3 Months Banking Current Affairs 2016 – IBPS POs & Clerks

Banking News – Last 3 Months Banking Affairs for IBPS Bank Exams

RBI Policy Rates – Latest Update
Bank Rate (BR): 6.75%.
Repo rate: 6.25%.
Reverse repo rate : 5.75 %.
Cash Reserve Ratio (CRR): 4% of Net Demand and Time liability (NDTL).
Statutory Liquidity Ratio (SLR): 20.75%.
Marginal standing facility (MSF): 6.75%

Banking News Questions & Answers – Banking Current Affairs 2016

How much amount of black money was disclosed by the Indian Finance Minister under Income Declaration Scheme in the form of cash and other assets in 2016?
Rs.65,250 crores.

In which year, The currency notes of value Rs. 5000 and Rs. 10,000 were demonetized which were introduced in the year 1954?
January 1978.

What is the ECB (External Commercial Borrowings) limit for start-up organizations set by the RBI (Reserve Bank of India) for the maturity period of 3years?
$3 million
(ECB is the amount borrowed from foreign sources to invest in the commercial activities in India other than equity capital are called ECBs.

Which is the first Indian bank to open the branch in Yangon, the capital city of Myanmar?
State Bank of India. (This is the 54th overseas branch of SBI).

Name the three economists who are appointed to the Monitory Policy Committee by the union govt.?
Chetan Ghate, Pami Dua, and Ravindra Dholakia

Which is the India’s first firm to get debt recast under RBI’s new Scheme for Sustainable Structuring of Stressed Assets (S4A)?
HCC ( Hindustan Construction Company).

Who was appointed as the World Bank’s country director of India by succeeding Onno Ruhl?
Junaid Ahmed (Bangladesh).

Which is the first bank to introduce software robotics for power banking operations?

Who is the 24th Governor of RBI appointed in August 2016?
Mr. Urjit Patil.

Who has been as Executive Director of the Reserve Bank of India (RBI)?
Sudarshan Sen.

Who is the newly appointed Executive Director of RBI?
Rajeshwar Rao.

Who was the newly appointed deputy governor of the Reserve Bank of India (RBI) in 2016?
NS Viswanathan.

Name the six banks which were got approval to merge with State Bank of India with itself in August 2016?
State Bank of Hyderabad, Mysore, Travancore, Bikaner & Jaipur,
and Bharatiya Mahila Bank (BMB).

Which city has been considered as the wealthiest city in India?
Mumbai ( Total wealth – 820 billion dollars).

Which is the most valuable brand in India in the list of Top 50 valuable brands report?

Who is the newly appointed Managing Director (MD ) & CEO of SBI Mutual Fund?
Anuradha Rao.

Who was appointed as the chairman of LIC (Life Insurance Corporation of India) after replacement of SK Roy in 17th September 2016?
V K Sharma.

Who is the newly appointed Non – Executive Chairman of the 5th largest private sector bank ,YES Bank?
Ashok Chawla.

Who is the newly elected Chairman of Indian Bank Association (IBA) for the financial year 2016-17?
Rajeev Rishi.

Which committee was set up to study the various issues in the household finances in India?
Tarun Ramdorai Committee.

What is the inflation target fixed by the union government for the next 5 years until March 31, 2021?
4% .

Name the portal which was launched by the RBI to curb illegal money by filing complaints on black money / illegal pooling of money?

Which is the social media banking platform that was launched by State Bank of India for facebook and twitter users?
SBI Mingle.

Karnataka Bank Inked with which organization for distributing the mutual fund products?
Birla Sun Life Asset Management company.

Which country is at the top position in milk production?
India (18.5% of world’s production with the growth rate of 6.26% as per the economic survey of 2015 -16).

Syndicate Bank has launched which project to improve digital banking services?

Kotek Mahindra Bank has been tied up with which e-commerce online shopping portal to pay air tickets, hotel bills, bus tickets by expanding banks in-app shop ,mStore?

RBI has imposed the penalty on which four co-operative banks for violating its norms?

  1. Co-operative City Bank.
  2. Indapur Urban Co-operative Bank
  3. Shri Dadasaheb Gajmal Co-operative Bank.
  4. Model Urban Co-operative Bank.

Federal Bank has tied up with which mobile banking application for providing cashless transactions?

Andhra Bank has launched 3 in one Online Investment and Trading Platform by collaborating Geojit BNP Paribas Financial Services?
AB eTrade.

Has central bank banned the cash transactions over ___________ worth to curb black money in India?
Rs.3 lakhs. (Those transactions can be taken place through debit cards, credit cards so that they can be tracked easily).

Which private sector bank has tied up with IT company, IBM to provide Cloud Commerce Solutions?
IndusInd Bank.

Name the mobile app launched by Karnataka Bank that was built on UPI(Unified Payments Interface) platform of NPCI (National Payments Corporation of India)?

As per recent reports, Which country stood at the top position in supplying crude oil to the India?

According to RBI reports, What is the growth rate of India for the Financial Year 2016-2017?

Who was appointed as the director of Indian Post Payments Bank (IPPB) board?
RS Sodhi (Amul MD).

Freecharge partners with which private sector bank for UPI platform to pay bills?
AXIS Bank.

The Central Board of Direct Taxes (CBDT) has launched _______________ app to resolve the grieviences of Income Tax (TDS, delay in refunds, filing of e-returns, PAN issues)?

Last 3 months Banking Current Affairs for IBPS PO’s & Clerks 2016-17

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