Banking Awareness – January 2nd Week 2023 – PDF

1. Lenders led by Which Bank have received close to ₹1,300 crore as part of their dues from Infrastructure Leasing & Financial Services (IL&FS) in what is a second payout from the defunct infrastructure financier?

2. Who is secretary of Department of Investment and public asset management (DIPAM)?

3. Currently, the government and the Life Insurance Corporation (LIC) hold 94.71 per cent in IDBI Bank. The successful bidder will have to make an open offer for acquisition of ................. per cent of public shareholding.

4. Bombay High Court allows release of former ICICI CEO .................................  on a cash bail of Rs 1 lakh related to ICICI bank-Videocon loan fraud case.

5. Reliance Capital's lenders have proposed holding a fresh auction in January 3rd week, 2023 at a minimum bid threshold of ₹9,500 crore, which includes ....................... crore as minimum upfront cash payment.

6. Which entity submitted its bid 24 hours after the auction deadline, which was higher than the top offer made within the stipulated time by Torrent Investments in Anil Ambani-promoted Reliance Capital resolution process in NCLT?

7. According to a report in Times of India, the Sale of health insurance policies is rising in ...............areas, due to rising cost of healthcare services, demand from the micro-insurance segment and post-Covid awareness.

8. The credit worthiness outlook for countries in the Asia-Pacific (APAC) region, including that of India, for 2023 is .................... as per Moody's Investors Service report.

9. In July 2021, the RBI issued an advisory to banks and financial institutions to cease entering into new financial contracts that reference ..................... as a benchmark and instead use any widely accepted alternative reference rate (ARR) by December 2021.

10. Axis Bank enters into revised pact with Max Financial Services for acquiring additional ......................% stake in Max Life Insurance.

11. When did Government kicked off its annual Budget preparation exercise for Financial Year 2023-24?

12. In the auction of Reliance Capital that was held on December 21, 2022, ....................... has offered an upfront payment of Rs 8640 crore, Hinduja offered Rs 8950 crore, including Rs 8110 crore as an upfront payment.

13. According to Refinitiv Report, which domestic companies topped the deal by receiving USD 800 million each from PEs in the year 2022?

14. What was the minimum threshold value to be held in the second auction (Januray 3rd week, 2023) of Reliance Capital resolution process in NCLT?

15. The government and LIC together hold 94.72 per cent stake in IDBI Bank, which will come down to .........................per cent after the strategic sale.

16. Which was the asset reconstruction company that have surrendered their registration certificate to RBI?

17. The Union Cabinet approved promotional incentives worth ........................ crore for Rupay debit cards and low-value transactions of BHIM (UPI) for FY22-23.

18. Commercial lending origination volumes declined by ......................per cent to 22.2 lakh loans in the COVID-affected FY22, as per the report by Crif High Mark.

19. According to government data, the country's gross direct tax collection of the current fiscal year (FY23) till January 10 went up 24.58 per cent to ................................... crore, against the gross collections made in the corresponding period the previous fiscal.

20. The Centre approved a ₹15,300-crore blanket guarantee for National Asset Reconstruction Co (NARCL), which will be valid for.................... years, to be invoked in case of resolution or liquidation of the bad loan.

21. The second auction for the Reliance Capital resolution process will be held on ........................., 2023 with the threshold price of Rs 9500 crore on a net present value.

22. In a research report by S&P Global, stocks of which two Indian banks occupied the top two spots among 15 banks in the Asia Pacific region in terms of returns in the quarter ended December 31, 2022?

23. The United Forum of Bank Unions decided to go on two-day strike from January 30 to meet which of their following demands?

24. RBI is open to the idea of European banks carrying out government securities trading and custody businesses through locally incorporated ........... arms of these MNC institutions.

25. What was the  budget estimates for direct taxes announced by the Union Govt for FY23, in which it has reached 86.68% till January 10 this fiscal ?

26. One year after the integration with DHFL, Piramal Capital & Housing Finance (PCHF) is repositioning itself as a lender for retail with a focus on ‘........................ Bharat’ — lending to the segment that does not have the papers or documents to avail formal credit.

27. The Indian government is allowing banks to verify individual transactions that exceed a certain annual limit using ............................. in some cases, in a bid to reduce fraud and tax evasion.

28. At present, the Indian banking system is witnessing a credit growth of around 17 per cent, as against a 9 per cent growth in deposits, which has triggered what some bankers refer to as a '.........................' in the system.

29. Russia’s second largest bank named ........................... launches direct payments in rupees that would boost bilateral trade and investments and also simplifies the work on foreign trade contracts with India.

30. The government will aim to cut its fiscal deficit to 5.8-5.9% of GDP in the year from April 1,2023 from an estimated ....................% in the current year 2022-23.

31. Which is the major component of our Foreign Exchange Reserves?

32. The Central Board of Indirect Taxes and Customs (CBIC) clarified that incentives paid by the Ministry of Electronics and Information Technology (MeitY) to banks under the incentive scheme for promotion of RuPay Debit Cards and low value BHIM-UPI transactions are in the nature of ...................... and are not taxable.

33. Public sector Indian Bank has stepped up its offerings on its digital transformation initiative '..........................' with the launch of Kisan Credit Card loans to farmers.

34. Who was appointed as the new Executive Director of Karnataka Bank?

35. According to the report by consultancy major Pricewater house Coopers(PwC) and the Association of Microfinance Institutions of India, the global market size of the MFI industry is expected to grow by ................. billion from 2021 to 2026 at a compound annual growth rate of 11.61 per cent.