SBI PO/Clerk Main Banking Awareness Quiz: 17th July

Federal Bank is a Private Sector, scheduled commercial bank in India, headquartered in Kochi, Kerala.

Axis Bank was earlier known as UTI Bank.

All of the above.

Co-operative banks are registered with RBI.

Apna Sahakari Bank Ltd is located in Mumbai.

Chintaman Dwarkanath Deshmukh, a member of the Indian Civil Service, was the first Indian Governor of the Reserve Bank. His association with the Bank commenced in 1939, when he was appointed Government's liason officer. He later served as Secretary and thereafter in 1941 as Deputy Governor of the Bank. On the demise of James Taylor, he took over stewardship of the Bank and was appointed Governor in August, 1943.

The Insurance Regulatory and Development Authority of India (IRDAI) Act 1999 specifies the authority's composition. IRDAI Act 1999 is not administered by Reserve Bank of India.

Sir Osborne Smith was the first Governor of the Reserve Bank. A professional banker, he served for over 20 years with the Bank of New South Wales and 10 years with the Commonwealth Bank of Australia before coming to India in 1926 as a Managing Governor of the Imperial Bank of India.

The Reserve Bank of India performs the supervisory function under the guidance of the Board for Financial Supervision (BFS).

Shri Shaktikanta Das has assumed charge as the 25th Governor of the Reserve Bank of India effective 12th December 2018. Immediately prior to his current assignment, he was acting as Member, 15th Finance Commission and G20 Sherpa of India.

Bank of Baroda has signed an MoU with agriculture services companies to develop an agriculture digital platform, Baroda Kisan, which will provide solutions for agricultural requirements. BoB has signed the agreement with Skymet Weather Services, Weather Risk Management Services, BigHaat, Agrostar India, EM3 Agri Services, and Poorti Agri Services.

The Finance Ministry has decided to infuse Rs 5,042 crore into state-owned Bank of Baroda (BoB) after the merger of two other public sector lenders Dena Bank and Vijaya Bank with BoB.

State-owned lender Punjab National Bank (PNB) had sold stake in its housing finance arm, PNB Housing Finance (PNBHF) to General Atlantic Group and VardePartners for Rs 1,851 crore at Rs 850 per share. Both VardePartners and General Atlantic Group will buy 1.089 crore shares each at Rs 850 per share in the housing finance company from Punjab National Bank. PNB based in New Delhi.

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). The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

Kotak Mahindra Bank (Kotak) stated that it will charge customers for UPI transactions starting 1st of May 2019. For each Kotak Bank account, the first 30 UPI fund transfers will be free, after which a charge will be levied on all fund transfers from the bank account.