Banking Awareness – January 1st Week 2023 – PDF

1. Which of the following bank is included under Domestic Systemically Important Banks (D-SIBs) as mentioned by RBI?

2. In an e-auction conducted under the Challenge Mechanism, Torrent had presented a resolution plan for Reliance Capital Ltd (RCL) with a net present value of ................... crore.

3. HDFC Bank had partnered with Which Company for digital transformation journey to consolidate and modernise its enterprise data landscape?

4. Who was appointed by RBI as the administrator in relation to the Corporate Insolvency Resolution Process (CIRP) of the firm Reliance Capital Ltd?

5. Reliance Capital Ltd is the ...................... large NBFC against which the central bank has initiated bankruptcy proceedings under IBC.

6. Outstanding loan portfolio of the micro-finance institution (MFI) sector across India will increase around 20.3 per cent at .....................crore in 2022-23 compared to the previous fiscal, said the MFIN, a self-regulatory organisation (SRO) recognised by RBI.

7. Under Reliance Capital Limited resolution process in NCLT, how much was the improved offer from the Hinduja Group after the auction concluded (on December 21, 2022)?

8. Which subsidies alone account for about one-eighth of India's total budget spending of Rs 39.45 lakh crore this fiscal year?

9. The government kept the interest rate unchanged at ........................percent for the subscribers of the General Provident Fund and other similar funds, that is valid from January 1, 2023, to March 31, 2023.

10. The Delhi government's goods and services tax (GST) collection increased 22 per cent to ............... crore for the first three quarters (April-December) this fiscal, as it has projected a total receipt of Rs 47,700 crore as tax revenue in its budget for 2022-23.

11. Who has joined the Public sector Indian Overseas Bank as its executive director, having previously served Bank of Baroda in various capacities across the country and in the United Kingdom for over 25 years?

12. Which Company has taken lead in taking over two stressed entities of the Srei group as it submitted the "highest net present value bid of Rs 5,555 crore" among bidders?

13. Who was appointed by RBI as the administrator in relation to the Corporate Insolvency Resolution Process (CIRP) of the firm Srei Infrastructure Finance and Srei Equipment Finance?

14. When did RBI created a single platform for both bank and non-bank customers for getting speedy resolution of their grievances through integrated ombudsman scheme?

15. Last year, the coverage of the integrated ombudsman scheme was extended to credit information companies and the non-scheduled urban cooperative banks with a deposit size of ...................or above.

16. RBI, in the annual report of ombudsman scheme, said that its consumer education and protection department is working towards extension of the integrated ombudsman scheme to ....................... ,and this may be done by March 31, 2023.

17. RBI lifts restrictions imposed on ............................., and asks them to carry out any recovery or repossession activity through outsourcing arrangements.

18. The Reserve Bank of India has released fresh guidelines for the know your customer (KYC) processes that allow for them to completed remotely through a Video based Customer Identification Process as provided in Section ............... of the Master Direction on KYC.

19. Which Fintech app has come up with a platform to give its users 16% returns on gold through leasing of gold to jewellers and becomes the first to digitise and democratise the same?

20. Under Gullak platform the jewellers are screened and verified by .............., a fully integrated gold player.

21. The total FDI inflows declined to ..................... billion during the first six months of the current fiscal against USD 42.86 billion in the year-ago period, according to the DPIIT data.

22. ......................% of investment is funded through Central and States Budgets in Rs 111 lakh crore National Infrastructure Pipeline (NIP).

23. Total fees generated in India by Investment Banking in the year 2022 fell ...........% year on year, making it the lowest annual tally since 2018, as per data from financial markets tracker Refinitiv.

24. How much stake in IDBI Bank is being sold by the government and Life Insurance Corporation (LIC), for which they had invited bids for in October 2022 and the last date for which was set for December 16, 2022 and later extended to January 7, 2023 ?

25. Six groupings, which included Facebook, Google, Amazon, Flipkart and others, had applied for ....................... licences as a rival to National Payments Corporation of India (NPCI) and is said to have put on hold as all of them have fallen short of the RBI's expectations.

26. NPCI was established by the RBI and the Indian Banks' Association in ........................ modelled on the non-profit payments and settlement entity run by the Swedish central bank that's owned and operated by banks.

27. Committee of creditors to Reliance Capital will evaluate both plans and ask the companies to improve the resolution plans or may invite fresh bids since both offers are below the liquidation value - pegged between .......................... crore.

28. The National Company Law Appellate Tribunal (NCLAT) has allowed the resolution professional to form a committee of creditors (CoC) of .......................... Company after it had defaulted on a loan of ₹84 crores, so that unfinished projects may be completed and homebuyers are handed over the possession of their apartments.

29. Which Bank's credit growth was slower than its deposit mobilisation growth which is against the industry trend, as its advances rose 14% year-on-year while its deposits jumped 21% year-on-year ?

30. Which public sector bank has received the regulatory go ahead to hold special rupee vostro accounts of three banks from the Srilanka, which is struggling to tide over a serious foreign exchange crunch?

31. Reliance Cap lenders to run 2nd round of auction for value maximization with a reserve price of .................... crore, as against the minimum threshold value of Rs 6,500 crore in the first round that concluded on December 21, 2022.

32. Plans of the resolution applicants will be put up for voting after submission of a viability report by ........................ on the offers vying to acquire assets of debt-ridden Srei Infrastructure Finance Ltd (SIFL) and Srei Equipment Finance Ltd (SEFL).

33. Who had submited revised bid in Srei resolution and claimed to be the highest bidder but the offer was rejected by the lenders' committee, terming it as "non-compliant" with norms?

34. Loans worth ........................... crore were given in a single day to street vendors, small scale entrepreneurs and cattle rearers at a credit outreach program in Kota, Rajasthan by Union Finance Minister Nirmala Sitharaman and Lok Sabha Speaker Om Birla.

35. The RBI announced SBI and ICICI Bank as Domestic Systemically Important Banks (D-SIBs) in .............. and ...........................