Daily Banking Awareness Quiz | 18 and 19 August 2023

RBI has removed the need of a sponsor of IDF-NBFCs. Now, IDF-NBFCs shall have net-owned funds of at least _________.

Which of the following statements is/are correct?

1. RBI has asked the banks to provide borrowers the option to switch from floating to fixed interest rate.

2. RBI said the banks and other lenders shall implement personal loan instructions by 31 December, 2023.

3. They will have to implement personal loan instructions for both existing as well as new loans by December 31, 2023.

Select the correct answer using the following codes.

RBI has approved the appointment of P.R. Seshadri as MD and CEO of which of the following banks?

Competition Commission of India (CCI) has imposed a penalty of _________ on Axis Bank.

RBI launched portal to track unclaimed deposits. What is the name of this portal?

Kamlesh Varshney and Amarjeet Singh have been appointed as whole-time members of SEBI for the period of ___________.

Which of the following has launched banking services on WhatsApp in August 2023?

Moody’s has affirmed a ______ rating on India’s long-term local and foreign-currency sovereign ratings.