Banking Awareness – January 3rd Week 2023 – PDF

1. When was the last date for submitting EoIs for IDBI Bank's stake sale by Govt and LIC?

2. Which Payments Bank has received final approval from the Reserve Bank of India to operate as a Bharat Bill Payment Operating Unit?

3. Securitisation volume jumped ...................... per cent to over Rs 1.15 lakh crore in the first three quarters of the current fiscal, as per CRISIL report.

4. The Reserve Bank of India is moving closer towards ring fencing the banking system from credit losses as it proposes to move to provisioning on the principles of '................' approach used in IFRS 9.

5. Warehousing Development Regulatory Authority has signed a memorandum of understanding with Which bank to help farmers in getting low interest rate loans by launching a new loan product called 'Produce Marketing Loan'?

6. Permission of the Reserve Bank to acquire shares or voting rights in a banking company for non-promoter will be limited to ........................% in case of individuals, non-financial institutions, and financial institutions connected with large industrial houses.

7. A traders' body Bhartiya Udyog Vyapaar Mandal has demanded a ........................ scheme on the lines of Kisan credit card in the coming Union Budget.

8. Which Finance Company had partnered with Shivalik Small Finance Bank for sourcing and managing retail gold loan assets?

9. According to the Reserve Bank of India, States’ gross fiscal deficit is budgeted to decline from 4.1% of gross domestic product in 2020-21 to .....................% in 2022-23.

10. Who is the operator of the UPI protocol and is also the sponsor of RuPay, the local card in India?

11. The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an ............................. method, could raise capital requirements for lenders.

12. PM SVANidhi scheme was launched on June 1, 2020 to help street vendors, who were impacted by the coronavirus pandemic that aims to provide working capital loans up to Rs.......................... at a subsidised rate of interest.

13. The FRBM Review Committee was formed in 2016 under the chairmanship of ........................ with a mandate to review the Fiscal Responsibility & Budget Management (FRBM) Act, 2003.

14. Which among the following state recently announced the restoration of the old pension scheme for the sake of social security and welfare of their employees?

15. Agreements for investment commitments worth Rs 88,420 crore in Maharashtra have been signed so far at the ongoing World Economic Forum (WEF) annual meeting in .........................

16. The Employees' Provident Fund Organisation which has been investing up to ..............% of its corpus in ETFs since 2015-16, will also try to lengthen the investment tenure to five years instead of the current four years to ensure better returns.

17. Netherlands’ largest lender ....................... has submitted an expression of interest (EoI) for IDBI Bank.

18. Who is leading in NPV (Net Present Value) offers held in the challenge mechanism bidding for the resolution of twin Srei companies?

19. At the heart of the dispute in the resolution process of Reliance Capital is a bid from the ...................... entity given 24 hours after the auction deadline (December 21, 2022).

20. As per the Budget 2022-23, the government estimated a total expenditure of .........................lakh crore for 2022-23 as compared to Rs 37.70 lakh crore for the previous fiscal.

21. The Finance Ministry on 18 Jan 2023 deliberated on steps being taken to mitigate the threats of ........................... in the financial segment amid the growing digitisation of the sector, in the symposium organised by the Department of Financial Services (DFS) and Secretary Vivek Joshi.

22. Investments proposals worth Rs 17,507 crore were received for ............................ alone during the one-day roadshow held in the city on 18 Jan 2023 ahead of the Uttar Pradesh Global Investors Summit 2023.

23. In a development that could put pressure on the European Securities and Markets Authority (ESMA) to soften its stand against India, ........................ banks are learnt to have received the go-ahead from their home country's regulator to deal with Clearing Corporation of India (CCIL) for settling all transactions.

24. A Bill has been moved to let the .......................... give more time to crucial market infrastructure institutions (MIIs) outside the UK --- like the Clearing Corporation of India (CCIL) ---- to come under a new regime.

25. Pradhan Mantri Mudra Yojana (PMMY) aims to provide loans up to Rs .......................... to non-corporate, non-farm small/micro enterprises.

26. Kedaara Capital, a homegrown private equity firm, will infuse Rs ...................in Avanse Financial Services Ltd. (Avanse), the education-focused non-banking financial company (NBFC).

27. Non-Banking Financial Companies in India are finding it difficult to adhere to the ........................... obligations set by the Reserve Bank of India (RBI).

28. The voting on identifying highest bidder for the twin Srei companies is delayed due to an objection raised by state-owned  .......................... over distribution of proceeds.

29. Regulator Irdai asked insurance companies to take steps for expeditious settlement of claims of loss to property due to subsidence and landslides in the calamity-affected areas in ...................... town of Chamoli district in Uttarakhand.

30. Rating firm Moody's Investors Service on 20 Jan 2023, affirmed a long-term local and foreign currency bank deposit ratings of State Bank of India to ...................

31. Months after investors re-rated state-run bank stocks, rating company Moody's upgraded credit ratings of three state owned banks - Bank of Baroda, Canara Bank and Punjab National Bank -- by two notches to .......................

32. Launched by Prime Minister Narendra Modi in January ................................, the Aspirational Districts Programme (ADP) aims to quickly and effectively transform the 112 most under-developed districts across the country.

33. Bandhan Bank's net profit fell .................% at Rs 291 crore in the third quarter ending December last year 2022 as compared with Rs 859 crore in the year ago period.

34. Bombay High Court on 20 Jan 2023, quashed the write-off of additional Tier-1 (AT1) bonds worth Rs 8,500 crore issued by ................... Bank.

35.  Which bank plans to sell its stake in Russian joint venture Commercial Indo Bank LLC (CIBL) to SBI for Rs 114 crore?

36. What was the target year set by IRDAI to acheive the insurance for all in India?

37. Uttar Pradesh is gearing up for a Global Investors' Summit (GIS) which is scheduled to be held in ........... in February 2023.

38.  Which Finance company had sought a security-clearance waiver a fortnight before the expression of interest (EoI) deadline (January 7, 2023) for IDBI Bank expired, but the Centre did not accede to the request?

39. AT1 bonds, also called perpetual bonds, carry no maturity date but have a .....................option.

40. The government last provided capital support to banks in 2021-22 and had earmarked Rs ........................ crore for recapitalisation of PSBs through supplementary demands for grants.

41. Under Section ..................... of the Income Tax Act, 1961, we can avail deduction for health insurance premium paid for self, spouse, dependents, children, and even parents.

42. What was the current tax deducted at source (TDS) exemption limit on insurance commission (under section 194 D of the Income Tax Act) which provide a greater impetus to insurance agents?

43. Credit rating agencies have asked the RBI to spell out the ‘.............................’ criteria, which determines how missed or delayed payment in one kind of debt impacts the rating of other debt raised by a borrower.

44. Who regulates Bank Loans?

45. Who regulates corporate debt securities listed on stock exchanges?