Current Affairs: Banking & Finance

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Questions and Answers

What is the maximum stake percentage Zulia Investments, a subsidiary of Temasek Holdings, is authorized to hold in AU Small Finance Bank, as approved by the Reserve Bank of India?

10%
1.37%
5%
7% (correct)

Which action has the Reserve Bank of India (RBI) taken to address liquidity shortages in the banking system?

Increasing the CRR (Cash Reserve Ratio)
Purchasing government bonds from the open market
Injecting ₹2.5 lakh crore through Variable Rate Repo (VRR) auctions (correct)
Reducing the Repo Rate

What is the primary reason the Reserve Bank of India (RBI) has placed restrictions on The New India Co-operative Bank of Mumbai?

Liquidity concerns (correct)
Violation of lending norms
Inadequate capital reserves
High number of non-performing assets (NPAs)

According to the guidelines for ESG Rating Providers (ERPs), under which circumstance Sebi can allow an ERP to withdraw its ratings?

Except when the rated issuer is wound up or merged with another company or except in cases specified by Sebi. (C) Signup and view all the answers

Under which condition can an ESG Rating Provider (ERP) withdraw a rating under the issuer-pays business model?

If the ERP has rated the security continuously for 3 years, or 50% of the tenure of the security — whichever is higher — and has received NOC from 75% of the bond holders by value. (C) Signup and view all the answers

What is the denomination of the special coin being issued by the Government of India to commemorate the birth centenary of Mohammed Rafi?

₹100 (C) Signup and view all the answers

What is the metal composition of the ₹100 coin issued to commemorate Mohammed Rafi's birth centenary?

Silver (50%), Copper (40%), Nickel (05%), Zinc (05%) (B) Signup and view all the answers

What is the purpose of SEBI's MITRA initiative?

To track and reclaim inactive or unclaimed mutual fund folios. (C) Signup and view all the answers

Which of the following features will be included in the new ₹50 banknotes issued by the RBI?

The signature of Governor Sanjay Malhotra (D) Signup and view all the answers

Which entities are excluded from the RBI's allowance for SFBs to offer credit via UPI?

Payments Banks, Regional Rural Banks (RRBs) (C) Signup and view all the answers

What is the primary objective of the $100 million credit line from France's AFD to SIDBI?

To scale up green finance solutions for Indian MSMEs (A) Signup and view all the answers

Which of the following best describes the role of Industry Standards Fora (ISFs) as guided by the SEBI's Industry Standards Recognition Manual?

To guide the formation and operation of industry standards and assist in implementing existing regulatory instructions (C) Signup and view all the answers

What change occurred in MSCI's February 2025 index review regarding Hyundai Motor India?

Hyundai Motor India was added to the MSCI Global Standard Index. (C) Signup and view all the answers

What is the main purpose of the MSCI Index?

To measure the performance of large and mid-cap stocks across 23 developed countries worldwide (D) Signup and view all the answers

What is the primary feature of the 'Anmol Salary Account' launched by HDFC Bank?

A cyber fraud cover (C) Signup and view all the answers

What is the rationale behind the RBI's decision to defer the implementation of Liquidity Coverage Ratio (LCR) and project financing norms to 2026?

To provide banks with more time for implementation (D) Signup and view all the answers

What is the main goal of the Indian Overseas Bank (IOB) in joining the Partnership for Carbon Accounting Financials (PCAF)?

To enhance transparency in measuring greenhouse gas (GHG) emissions. (B) Signup and view all the answers

What is the primary objective of the Export Pathshala workshop?

Enhancing agri and allied exports through farmer producer organizations (FPOs) (A) Signup and view all the answers

What action did RBI take regarding Kotak Mahindra Bank (KMB) in April 2024?

Restricted the bank from onboarding new customers through its online and mobile banking channels (D) Signup and view all the answers

Under the Payment and Settlement Systems Act, 2007, what authorization did Easebuzz receive from the RBI?

Authorization to operate as an Online Payment Aggregator (PA) (D) Signup and view all the answers

What is SEBI proposing regarding unclaimed funds and securities lying with stock brokers?

A revised framework for dealing with unclaimed funds and securities. (C) Signup and view all the answers

What was the primary reason for the decrease in India's retail inflation rate in January 2025?

Slowing food price rises (A) Signup and view all the answers

For the month of December 2024, what was the growth rate of India's Index of Industrial Production (IIP)?

3.2 percent (D) Signup and view all the answers

Which company recorded the highest number of UPI transactions in January 2025, according to NPCI data?

PhonePe (C) Signup and view all the answers

IDFC FIRST Bank and Ikonz Studios collaborated to launch Amitabh Bachchan's AI avatar. What technology are they using?

HXR technology (B) Signup and view all the answers

What is the name of the new health insurance plan launched by Bajaj Allianz General Insurance, designed exclusively for women?

HERizon Care (D) Signup and view all the answers

Which type of securities does SEBI plan to expand the scope of Category II AIF investments to include?

Listed debt securities (B) Signup and view all the answers

What is the primary aim of RBI in allowing forward contracts in Government securities (G-secs)?

To enable further market development and aid in hedging of interest rate risks (B) Signup and view all the answers

Why is PhonePe winding down its account aggregator (AA) business?

Because it failed to onboard major lenders and banks for customer data (A) Signup and view all the answers

What is the main purpose of the Reserve Bank of India's (RBI) Economic Capital Framework (ECF)?

To determine risk provisioning and surplus distribution by the central bank (A) Signup and view all the answers

Which aspect of financial markets will the Reserve Bank of India's (RBI) working group comprehensively review?

The trading and settlement timings (C) Signup and view all the answers

What is the purpose of the NDS-OM platform that RBI is opening to non-bank brokers?

To boost retail participation in government securities (C) Signup and view all the answers

What is the purpose of the TPAP license obtained by Infibeam Avenues' subsidiary Rediff for RediffPay?

To offer Unified Payments Interface (UPI) services to users (C) Signup and view all the answers

What was the primary driver for the increase in India's foreign exchange reserves as of January 31?

Rise in the value of the Gold Reserves (B) Signup and view all the answers

Which country topped the list of Asia's Wealthiest Families, according to Bloomberg's 2025 rankings?

The Ambani Family (India) (C) Signup and view all the answers

In the Climate Risk Index (CRI) report, what contributes to the ranking of countries?

Fatalities, economic losses, and affected population due to extreme weather (B) Signup and view all the answers

Which country holds the highest weightage across emerging markets?

China (D) Signup and view all the answers

What is the primary objective of the Autonomous Systems Industry Alliance (ASIA) initiative launched by PM Modi and President Trump?

To boost industry collaboration and enhance the production of autonomous systems (D) Signup and view all the answers

What is the significance of the India-US TRUST initiative?

It aims to boost the National Critical Mineral Mission. (A) Signup and view all the answers

What is the primary aim of the FAO's seven-year project launched in Somalia?

To enhance climate adaptation and resilience for vulnerable communities (A) Signup and view all the answers

Which European organization is represented by Switzerland, Norway, Iceland, and Liechtenstein?

The European Free Trade Association (EFTA) (A) Signup and view all the answers

What is the main purpose of the Prime Global Cities Index?

To track the movement of prime residential prices across 44 cities worldwide (C) Signup and view all the answers

What is the primary objective of the Ocean Coordination Mechanism (OCM) for the Caribbean and North Brazil Shelf?

To enhance sustainable ocean governance and protect biodiversity (B) Signup and view all the answers

Flashcards

Temasek Stake Hike

RBI authorized Zulia Investments (Temasek subsidiary) to raise its stake in AU Small Finance Bank.

RBI Liquidity Injection

Addresses liquidity shortages by injecting ₹2.5 lakh crore into the banking system through auctions.

RBI Restricts Bank

The RBI restricted New India Co-operative Bank from offering loans/deposits due to liquidity concerns.

Sebi & ESG Framework

Sebi proposed provisions to fortify the framework for ESG rating providers, ensuring better governance.