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A Learning Portal from Recruitment India
Name the life insurer that has been conferred with the FICCI Claims Excellence Award.
DHFL Pramerica Life Insurance
Bharti AXA Life Insurance
Birla Sun Life Insurance Co. Ltd
Bajaj Allianz Life Insurance Company Limited
Answer with explanation
Answer: Option BExplanation
Bharti AXA Life Insurance, a private life insurer, has been conferred with the FICCI Claims Excellence Award. The recognition comes for its customer-friendly claims services in the life insurance sector.
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The Reserve Bank of India has imposed a monetary penalty of Rs1 crore on which of the following bank recently for its failure to fully automate the non-performing asset (NPA) identification process?
Nainital Bank
Oriental Bank of Commerce
Karnataka Bank
Uttarakhand Cooperative Bank
Answer with explanation
Answer: Option AExplanation
The Reserve Bank of India (RBI) has imposed a monetary penalty of Rs1 crore on Nainital Bank for its failure to fully automate the non-performing asset (NPA) identification process, despite specific directions issued in this regard.
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Which financial institution has imposed fines on prepaid payment instrument issuers for violating norms?
WB
SIDBI
NHB
RBI
Answer with explanation
Answer: Option DExplanation
The Reserve Bank of India on May 3, 2019 announced that it has imposed penalties on five prepaid payment instrument (PPI) issuers, including Vodafone m-pesa and PhonePe, for violation of regulatory norms.
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Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched ________to enables its customers to purchase life insurance in a convenient and hassle-free way
Bank Custodian
Bankruptcy Code
Insuraisal
Webassurance
Answer with explanation
Answer: Option DExplanation
Canara Bank and its life insurance partner Canara HSBC Oriental Bank of Commerce Life Insurance launched ’Webassurance’ to enable its customers to purchase life insurance in a convenient and hassle-free way.
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Bank of Baroda has become the ______________ largest bank in the country
5th
1st
4th
3rd
Answer with explanation
Answer: Option DExplanation
The amalgamation of Vijaya Bank and Dena Bank into the Bank of Baroda (BoB) has come into effect and all branches of the former two will function as branches of BoB. The merged entity would also receive Rs 5,042 crore fund infusion from the government. Post the merger, Bank of Baroda has become the third largest bank in the country.
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How much amount to be provided to Rwanda by Exim Bank for various projects?
USD 255.78 million
USD 266.60 million
USD 495.70 million
USD 326.80 million
Answer with explanation
Answer: Option BExplanation
The Reserve Bank of India (RBI) said Exim Bank has provided soft loans of USD 266.60 million to Rawanda for various projects. The funding, done in three separate tranches to Rawanda, is to support agricultural projects, development of special economic zones (SEZs) and for financing road project in the African nation.
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Which of the following banks has signed the first co-origination loan agreement with Paisalo Digital?
Answer with explanation
Answer: Option DExplanation
To empower AGRI, MSME segment and small businesses, the State Bank of India (SBI) has signed the first co-origination loan agreement with PAISALO Digital Limited. It is the first agreement of its kind in the country that SBI has signed. This will introduce a platform for the last mile customer. Here, the loan ticket is designed at Rs 10,000 to Rs 2 lakh. The company expects to disburse 200,000 loan applications in FY20. The move is to enable the customers to reach with ease and use the platform for smooth loan disbursal and repayment easily. PAISALO Digital Ltd is a systemically important non-deposit taking NBFC registered with the Reserve Bank of India and has been in operations since 1992.
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RBL Bank has recently partnered with __________ to improve the lender’s customer experience.
BankVidya
SaarthiVidya
CreditVidya
ShaalaVidya
Answer with explanation
Answer: Option CExplanation
RBI bank would be able to gain significant insights into its customer base, through this partnership. For instant verification of employment details of salaried card applicants, the bank had first partnered with CreditVidya in 2018.
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The Reserve Bank set the average base rate to be charged from borrowers by non-banking financial companies (NBFCs) and micro-finance institutions (MFIs) at________ for the first quarter of the next fiscal (April-June).
9.21%
3.45%
4.67%
7.52%
Answer with explanation
Answer: Option AExplanation
The Reserve Bank set the average base rate to be charged from borrowers by non-banking financial companies (NBFCs) and micro-finance institutions (MFIs) at 9.21% for the first quarter of the next fiscal (April-June).
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Which among the following is the world’s first Islamic bank to launch Banking Service via Whatsapp?
Qatar Islamic Bank, Qatar
Emirates Islamic Bank, Dubai
Jaiz Islamic Bank, Nigeria
Arab Islamic Bank, Palestinian
Answer with explanation
Answer: Option BExplanation
Emirates Islamic a bank in Dubai, UAE has announced the launch of Chat Banking services for customers via WhatsApp. With this, it will become the world’s first Islamic Bank to launch Banking Service via Whatsapp.
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N S Srinath has been appointed as the nonexecutive Chairman of which bank?
South Indian Bank
Karur Vysya Bank
Kotak Mahindra Bank
Indian Overseas Bank
Answer with explanation
Answer: Option BExplanation
N S Srinath has been appointed as the Chairman (non-executive) of the Karur Vysya Bank. Earlier he was the Non-Executive Independent Director on the board of the bank.
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_______ has raised Rs 660.80 crore by issuing shares to employees under Employee Share Purchase Scheme (ESPS).
Dena Bank
Bank of India
BoB
SBI
Answer with explanation
Answer: Option BExplanation
The bank issued 6,25,52,188 shares of Rs 10 each to eligible employees. It offered a discount of 24.28% on the applicable price to the employees and about 94.70% of total employees participated in the scheme. These shares are issued with a lock-in period of one year.
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With which bank has India signed a loan agreement of 250$ million for the National Rural Economic Transformation Project to boost the rural income of 13 states?
World Bank
Asian Development Bank
European Bank for Reconstruction & Development
Asian Infrastructure & Investment Bank
Answer
Answer: Option AWorkspace