‌Banking‌‌Awareness‌‌June‌‌Set‌‌2‌ b

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Q)‌‌Which‌o‌ rganization‌‌has‌‌released‌‌a‌C ‌ onsultative‌‌Document‌‌on‌R ‌ egulation‌o‌ f‌‌Microfinance?‌  ‌
A.‌N‌ ABARD‌‌  ‌B.‌‌RBI‌  ‌
C.‌S‌ EBI‌ D.‌‌ASSOCHAM‌  ‌
 ‌
● The‌p‌ roposals‌i‌nclude‌‌alignment‌‌of‌‌pricing‌‌guidelines‌f‌ or‌N ‌ BFC-MFIs‌w ‌ ith‌g‌ uidelines‌‌for‌‌NBFCs,‌‌the‌‌introduction‌‌ 
of‌a‌ ‌s‌ tandard‌‌simplified‌‌fact‌‌sheet‌‌on‌‌the‌p‌ ricing‌‌of‌‌microfinance‌l‌oans‌‌for‌b‌ etter‌‌transparency‌,‌a‌ nd‌d‌ isplay‌‌of‌‌ 
minimum‌‌and‌‌maximum‌‌and‌‌average‌‌interest‌‌rates‌c‌ harged‌o‌ n‌‌microfinance‌‌loans‌‌on‌‌the‌‌websites‌o‌ f‌‌regulated‌‌ 
entities.‌  ‌
● The‌‌RBI‌‌has‌‌sought‌‌comments‌‌on‌‌the‌‌consultative‌‌paper‌‌by‌J‌ uly‌‌31,‌‌2021.‌  ‌
 ‌
Q)‌I‌ CICI‌‌Bank‌h‌ as‌‌recently‌‌launched‌‌which‌‌initiative‌t‌o‌‌provide‌‌digital‌b‌ anking‌‌solutions‌‌to‌c‌ orporates?‌  ‌
A.‌‌ICICI‌‌CORP‌ ‌B.‌I‌ CICI‌S ‌ TACK‌  ‌
C.‌‌ICICI‌‌STEP‌ D.‌‌ICICI‌‌FICO‌  ‌
 ‌
Q)‌‌Which‌‌bank‌‌will‌b‌ e‌‌the‌‌lead‌‌sponsor‌a‌ nd‌‌biggest‌‌shareholder‌o‌ f‌N ‌ ational‌‌Asset‌‌Reconstruction‌‌Company‌‌Ltd‌‌(NARCL)‌‌ 
with‌‌12%‌‌equity?‌  ‌
A.‌‌State‌‌Bank‌‌of‌‌India‌ B.‌P ‌ unjab‌‌National‌‌Bank‌  ‌
C.‌‌Canara‌B ‌ ank‌ D.‌‌Bank‌‌of‌‌Baroda‌  ‌
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Q)‌‌Which‌b‌ ank‌‌will‌‌provide‌‌a‌‌$484‌‌million‌‌loan‌‌(over‌‌₹‌‌3,500‌‌crores)‌‌for‌C ‌ hennai-Kanyakumari‌I‌ ndustrial‌‌Corridor‌‌(CKIC)‌‌ 
in‌T
‌ amil‌‌Nadu?‌  ‌
A.‌‌Asian‌‌Development‌‌Bank‌ B.World‌‌Bank‌  ‌
C.‌‌Asian‌‌Infrastructure‌‌Investment‌‌Bank‌‌  D.‌‌European‌‌Investment‌B ‌ ank‌  ‌
 ‌
Q)‌L ‌ IC‌‌Cards‌‌Services‌‌Limited‌‌(LIC-CSL)‌‌and‌‌which‌‌banks‌h‌ ave‌‌launched‌a‌ ‌‌contactless‌‌prepaid‌‌gift‌‌card‌‌‘Shagun’‌‌‌on‌‌the‌‌ 
RuPay‌p‌ latform?‌  ‌
A.‌A‌ xis‌B‌ ank‌ ‌B.‌I‌ DBI‌‌Bank‌  ‌
C.‌S‌ tate‌B
‌ ank‌o‌ f‌I‌ ndia‌ D.‌‌Punjab‌‌National‌‌Bank‌  ‌
 ‌
Q)‌T ‌ onfederation‌‌of‌‌Indian‌‌Industry‌‌(CII)‌h‌ as‌‌projected‌I‌ ndia’s‌‌GDP‌‌growth‌‌rate‌‌at‌‌what‌‌percent‌‌for‌F
‌ he‌C ‌ Y‌‌22?‌  ‌
A.‌8‌ .5%‌ ‌B.‌‌9.5%‌  ‌
C.‌‌10.1%‌ D.‌‌10.6%‌  ‌
 ‌
Q)‌R ‌ BI‌‌has‌‌granted‌‌“in-principle”‌‌approval‌‌to‌‌which‌‌among‌‌the‌f‌ ollowing‌t‌o‌s‌ et‌u‌ p‌‌a‌s‌ mall‌‌finance‌‌bank‌‌(SFB)‌t‌o‌‌take‌‌over‌‌ 
PMC‌B ‌ ank?‌  ‌
A.‌C‌ entrum‌‌Financial‌‌Services‌‌Ltd‌ B.‌‌IndoStar‌C ‌ apital‌‌Finance‌‌Limited‌  ‌
C.‌‌Power‌F ‌ inance‌‌Corporation‌‌Limited‌ D.‌‌PNB‌‌Gilts‌L ‌ imited‌  ‌
 ‌
Q)‌I‌ ndusInd‌B ‌ ank‌h‌ as‌‌launched‌‌which‌‌platform‌‌to‌‌facilitate‌‌customers‌t‌o‌‌avail‌‌personal‌‌loans‌‌or‌‌credit‌‌cards‌‌instantly‌‌on‌‌a ‌‌
single‌p‌ latform‌‌in‌‌a‌‌completely‌‌paperless‌‌and‌‌digital‌‌manner?‌  ‌
A.‌I‌ ndusInsta‌‌Credit‌  ‌ B.‌I‌ ndusQuick‌‌Cash‌  ‌
C.‌I‌ ndus‌C‌ redit‌ ‌D.‌‌IndusEasy‌‌Credit‌  ‌
 ‌
Q)‌‌What‌‌is‌t‌he‌‌rank‌‌of‌t‌he‌R ‌ eserve‌‌Bank‌‌of‌‌India‌‌(RBI)‌i‌n‌‌terms‌‌of‌‌reserves‌‌transferred‌‌to‌‌the‌g‌ overnment‌a‌ s‌‌a‌p‌ ercentage‌‌of‌‌ 
gross‌d‌ omestic‌‌product‌‌(GDP)‌‌for‌‌the‌‌fiscal‌‌year‌‌2020-21?‌  ‌
A.‌‌First‌ B.‌‌Third‌  ‌
C.‌‌Fourth‌ ‌D.‌‌Second‌  ‌
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Q) ‌India‌‌has‌‌extended‌a‌ ‌U
‌ SD‌‌100‌‌million‌‌L
‌ ine‌‌of‌‌Credit‌‌to‌‌which‌‌country‌‌to‌‌help‌‌the‌‌island‌n‌ ation‌‌finance‌‌various‌‌projects
in‌‌the‌‌solar‌‌energy‌‌sector?
A. ‌Nepal B. ‌Bhutan
C. ‌Sri‌‌Lanka D. ‌Bangladesh

● Export-Import‌‌Bank‌‌of‌‌India‌‌(Exim‌‌Bank)‌‌will‌‌provide‌‌$400‌‌million‌‌to‌‌which‌‌country‌f‌ or‌‌its‌‌connectivity‌‌project?
● Maldives

Q) ‌Name‌‌the‌I‌ ndian‌‌who‌‌was‌‌named‌‌a‌‌member‌‌of‌W
‌ orld‌‌Bank-IMF‌H ‌ igh-Level‌A
‌ dvisory‌‌Group?
A. ‌Montek‌‌Singh‌‌Ahluwalia B. ‌Jayati‌‌Ghosh
C. ‌Kaushik‌‌Basu D. ‌Bibek‌‌Debroy

Q) ‌What‌‌is‌‌the‌‌rank‌‌of‌‌India‌i‌n‌‌terms‌‌of‌f‌ oreign‌c‌ lients'‌‌money‌i‌n‌‌Swiss‌‌banks?

A. ‌34‌th ‌
B. ‌63‌rd
st ‌
C. ‌51‌ D. ‌34‌th

Q) ‌Which‌b‌ ank‌h‌ as‌a‌ nnounced‌‌the‌‌launch‌‌of‌‌the‌"‌ Ghar‌‌Ghar‌R

‌ ation"‌P‌ rogram?
A. ‌IDFC‌‌First‌B
‌ ank B. ‌Axis‌B‌ ank
C. ‌IndusInd‌‌Bank D. ‌HDFC‌B ‌ ank

‌ akeover‌‌Panel,‌‌r‌ econstituted‌b‌ y‌M

Q) ‌Who‌i‌s‌t‌he‌c‌ hairman‌‌of‌‌the‌T ‌ arkets‌‌regulator‌‌Sebi?
A. ‌N‌‌K‌S
‌ odhi B. ‌Darius‌‌Khambata
C. ‌Thomas‌‌Mathew D. ‌N‌V
‌ enkatram

Q) ‌The‌‌Government‌‌of‌‌India‌‌has‌‌signed‌‌a‌‌$32‌‌million‌l‌oan‌‌agreement‌w
‌ ith‌‌World‌‌Bank‌‌to‌‌improve‌‌healthcare‌‌services‌i‌n
which‌s‌ tate?
A. ‌Nagaland B. ‌Himachal‌P‌ radesh
C. ‌Mizoram D. ‌Bihar

Q) ‌Which‌‌bank‌‌has‌‌launched‌‌the‌A
‌ arogyam‌‌healthcare‌‌business‌l‌oan?
A. ‌Bank‌‌of‌‌Baroda B. ‌Punjab‌‌National‌‌Bank
C. ‌State‌‌Bank‌‌of‌‌India D. ‌Canara‌B‌ ank

Q) ‌Which‌‌bank‌‌has‌‌launched‌‌the‌‘‌ Pay‌‌Your‌‌Contact’‌‌f‌ eature‌‌for‌‌its‌‌customers?

A. ‌Axis‌‌Bank B. ‌HDFC‌‌Bank
C. ‌Kotak‌‌Mahindra‌‌Bank D. ‌ICICI‌‌Bank

Q) ‌Life‌‌Insurance‌‌Corporation‌‌(LIC)‌‌has‌‌launched‌w
‌ hich‌c‌ entralized‌w‌ eb-based‌‌workflow-based‌I‌ T‌p‌ latform‌‌for‌‌its‌‌group
business‌‌operations?
A. ‌e-TPT B. ‌e-BTB
C. ‌e-PGS D. ‌e-GPO

‌ SD‌‌125‌‌million‌‌p‌ rograms‌‌to‌‌support‌‌Kerala’s‌‌preparedness‌‌against‌n‌ atural‌‌disasters?

Q) ‌Which‌‌bank‌‌has‌‌have‌‌approved‌‌a‌U
A. ‌Asian‌‌Development‌‌Bank ‌B. ‌World‌‌Bank
C. ‌Asian‌‌Infrastructure‌‌Investment‌‌Bank D. ‌New‌‌Development‌‌Bank

Q) ‌Paisabazaar.com‌‌and‌‌which‌‌bank‌‌have‌‌jointly‌‌launched‌‌the‌S
‌ tep‌‌Up‌‌Credit‌‌Card‌‌p‌ roduct?
A. ‌HDFC‌‌Bank B. ‌DBS‌B‌ ank‌‌India
C. ‌SBM‌B‌ ank‌‌India D. ‌ICICI‌‌Bank

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 ‌ )‌‌Women's‌‌personal‌c‌ are‌‌brand,‌‌Clovia‌‌in‌‌partnership‌‌with‌‌which‌‌insurance‌‌company‌h‌ as‌l‌aunched‌“‌ Women's‌c‌ ancer‌‌ 
Q
shield”‌p‌ olicy‌‌for‌‌breast‌‌cancer‌‌female‌‌patients?‌  ‌
A.‌A‌ lliance‌‌Insurance‌ B.‌‌Max‌‌Life‌‌Insurance‌  ‌
C.‌‌Bajaj‌A‌ llianz‌ D.‌‌Bharti‌‌AXA‌  ‌
 ‌
MasterCard,‌I‌ nstamojo‌‌eye‌‌MSMEs‌‌and‌‌gig‌‌workers‌  ‌
● Mastercard‌h‌ as‌‌announced‌‌a‌‌strategic‌e‌ quity‌‌investment‌i‌n‌I‌ nstamojo,‌‌‌India’s‌‌largest‌‌full-stack‌‌digital‌‌solutions‌‌ 
provider‌f‌ or‌M‌ SMEs.‌  ‌
● This‌i‌nvestment‌‌is‌‌aimed‌‌at‌‌empowering‌‌MSMEs‌‌and‌‌gig‌‌workers‌‌by‌‌providing‌‌easy-to-use‌‌solutions‌‌that‌‌will‌‌help‌‌ 
them‌t‌o‌‌enhance‌‌digitization‌‌such‌‌as‌‌setting‌‌up‌o‌ nline‌‌stores,‌e‌ quipped‌‌with‌‌digital‌‌payment‌‌acceptance‌‌capabilities,‌‌ 
and‌r‌ each‌‌out‌t‌o‌‌customers,‌‌even‌‌during‌‌the‌‌pandemic.‌  ‌
 ‌
Nitin‌‌Gadkari‌‌launches‌‌Indian‌‌Bank's‌‌'MSME‌‌Prerana'‌p‌ rogram‌‌in‌‌Maharashtra‌  ‌
● To‌‌improve‌‌and‌‌empower‌‌small‌‌and‌‌medium‌‌enterprises,‌I‌ ndian‌‌Bank‌h‌ as‌‌launched‌‌its‌‌Business‌‌Mentoring‌‌program‌‌ 
named‌'‌MSME‌‌Prerana'‌‌in‌‌Maharashtra‌.‌‌This‌p‌ rogram‌‌is‌‌a‌‌business‌‌mentoring‌‌plan‌‌for‌‌MSME‌‌entrepreneurs.‌  ‌
● 'MSME‌‌Prerana'‌‌program‌‌has‌‌been‌‌launched‌‌to‌‌develop‌‌managerial‌‌and‌‌financial‌‌options‌‌for‌‌MSME‌E ‌ ntrepreneurs.‌  ‌
● W ‌ ith‌‌this‌‌program,‌‌Indian‌‌Bank‌a‌ ims‌‌to‌‌create‌a‌ wareness‌‌on‌‌various‌‌initiatives‌‌and‌‌plans‌‌taken‌u‌ p‌‌by‌‌the‌‌ 
Government‌o‌ f‌‌India‌‌(GOI)/State‌G ‌ overnments/Reserve‌‌Bank‌‌of‌‌India‌‌(RBI)‌‌and‌‌other‌‌agencies‌a‌ cross‌‌the‌‌country.‌  ‌
● Through‌t‌he‌'‌MSME‌‌Prerana'‌‌program,‌‌Indian‌‌Bank‌‌is‌‌providing‌‌financial‌‌help‌‌and‌‌support‌‌to‌n‌ early‌‌20‌l‌akh‌‌ 
MSMEs‌w ‌ ith‌c‌ redit‌‌exposure‌‌of‌‌over‌‌Rs‌‌70,180‌‌crore.‌  ‌
 ‌
The‌‌program‌‌adopts‌‌a‌s‌ tep-by-step‌‌approach‌i‌n‌‌the‌‌following:‌  ‌
● providing‌‌training‌‌to‌‌MSME‌  ‌
● understand‌‌their‌‌business‌‌numbers‌  ‌
● concept‌‌of‌‌balance‌‌sheet‌  ‌
● cash‌f‌ low‌‌management‌  ‌
● managing‌‌their‌‌business‌‌during‌‌the‌‌crisis‌‌time‌  ‌
● decision‌m ‌ aking‌  ‌
● communication‌‌and‌‌leadership‌‌skills‌  ‌
● awareness‌‌of‌v‌ arious‌‌initiatives‌‌taken‌‌by‌‌Government/RBI/Bank‌  ‌
 ‌
By‌‌extending‌‌web-based‌‌training‌‌to‌‌entrepreneurs,‌t‌he‌‌'MSME‌‌Prerana‌‌aims‌‌at‌‌breaking‌‌geographical‌a‌ nd‌l‌anguage‌‌barriers.‌  ‌
 ‌
World‌‌Bank‌‌sanctions‌‌funds‌‌for‌‌Andhra’s‌‌SALT‌‌program‌  ‌
● Andhra‌‌Pradesh‌‌has‌‌started‌‌a‌‌programme‌‌to‌t‌ransform‌‌foundational‌‌learning‌‌in‌‌government‌‌schools‌‌for‌w ‌ hich‌‌the‌‌ 
World‌B ‌ ank‌h‌ as‌‌approved‌‌a‌‌loan‌o‌ f‌‌250‌‌million‌d‌ ollars‌  ‌
● The‌m ‌ ain‌‌objectives‌‌of‌‌the‌‌programme‌‌called‌S ‌ upporting‌‌Andhra’s‌‌Learning‌‌Transformation‌‌(SALT)‌‌‌are‌‌ 
strengthening‌‌foundation‌‌schools‌‌and‌‌providing‌‌training‌‌and‌‌skill‌‌development‌‌to‌‌teachers‌  ‌
● The‌‌five-year‌‌program‌‌is‌‌result-oriented‌w ‌ ith‌t‌he‌‌WB‌r‌ eleasing‌‌funds‌a‌ fter‌‌key‌‌goals‌‌are‌‌achieved.‌‌The‌‌government‌‌ 
has‌c‌ onverted‌‌all‌‌Anganwadis‌‌into‌‌pre-primary‌s‌ chools‌a‌ nd‌‌attached‌‌them‌‌to‌‌the‌n‌ earest‌‌schools.‌  ‌
● The‌‌government’s‌‌document‌‌on‌‌SALT‌‌documents‌‌several‌‌challenges‌t‌o‌‌improving‌t‌he‌‌learning‌o‌ utcomes.‌  ‌
 ‌
Vijay‌D ‌ eshwal‌‌joins‌‌Magma‌‌Fincorp‌‌as‌‌group‌‌CEO‌  ‌
● Vijay‌‌Deshwal‌h‌ as‌‌joined‌‌Magma‌‌Fincorp‌‌Ltd,‌t‌he‌f‌ inancial‌‌services‌‌arm‌‌of‌‌the‌‌Poonawalla‌‌Group,‌‌as‌‌its‌‌group‌‌ 
chief‌‌executive‌‌officer‌‌(CEO).‌  ‌
● Poonawalla‌‌Group‌‌acquired‌‌a‌‌controlling‌‌stake‌‌of‌6‌ 0‌‌percent‌‌in‌‌Magma‌‌Fincorp‌‌by‌‌an‌‌equity‌‌infusion‌‌of‌‌₹3,456‌‌ 
crores‌‌through‌‌its‌‌holding‌‌company‌‌Rising‌‌Sun‌‌Holdings‌‌in‌‌May‌‌this‌y‌ ear.‌  ‌
 ‌
Ambuja‌‌Cement‌F ‌ oundation,‌‌NABARD‌‌to‌‌skill‌‌rural‌‌youth‌‌in‌1‌ 0‌‌states‌  ‌
● Ambuja‌‌Cement‌‌Foundation‌h‌ as‌‌joined‌‌hands‌‌with‌‌the‌‌National‌‌Bank‌‌for‌‌Agriculture‌‌and‌R ‌ ural‌‌Development‌‌ 
(NABARD)‌‌for‌‌the‌‌implementation‌‌of‌‌its‌‌employability‌‌through‌‌the‌s‌ kill‌‌initiative‌‌project’s‌‌second‌‌phase.‌  ‌

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 ● The‌‌foundation‌‌received‌‌grant‌‌assistance‌‌from‌‌NABARD‌‌under‌‌the‌‌Gramya‌‌Vikas‌‌Nidhi,‌a‌ ‌f‌ und‌c‌ reated‌‌for‌‌the‌‌ 
development‌‌of‌‌off-farm‌‌sector‌‌activities.‌ 
● The‌‌project‌‌will‌‌provide‌‌skill‌‌training‌a‌ cross‌‌19‌‌locations‌‌for‌‌two‌‌years‌‌in‌‌12‌‌trades.‌I‌ t‌‌has‌‌already‌r‌ eached‌o‌ ver‌‌ 
4,000‌‌youth‌d‌ espite‌‌the‌‌pandemic.‌  ‌
● Besides‌s‌ kill‌‌training,‌‌the‌‌course‌‌also‌‌includes‌s‌ oft‌s‌ kills‌‌and‌‌leadership‌‌skills‌a‌ s‌‌part‌o‌ f‌‌the‌‌training‌‌module.‌‌On‌‌ 
completion‌‌of‌‌training,‌‌the‌‌students‌‌will‌b‌ e‌p‌ rovided‌‌with‌‌placement‌‌and‌‌hand-holding‌‌support‌‌post-placement.‌  ‌
 ‌
Mobile‌p‌ repaid‌‌recharge‌‌facility‌‌on‌‌BBPS‌‌by‌‌August-end:‌R ‌ BI‌  ‌
● The‌R ‌ eserve‌B ‌ ank‌‌of‌‌India‌‌has‌‌increased‌‌the‌‌scope‌‌of‌t‌he‌‌Bharat‌‌Bill‌P ‌ ayment‌‌System‌(‌ BBPS)‌‌by‌‌adding‌'‌mobile‌‌ 
prepaid‌‌recharges'‌a‌ s‌‌a‌‌biller‌‌category,‌‌a‌‌move‌‌likely‌t‌o‌‌help‌‌millions‌‌of‌‌prepaid‌‌phone‌s‌ ubscribers‌‌in‌‌the‌‌country.‌‌   ‌
● In‌‌September‌2‌ 019,‌t‌he‌‌scope‌‌and‌‌coverage‌o‌ f‌‌BBPS‌‌were‌‌expanded‌t‌o‌‌include‌‌all‌‌categories‌‌of‌‌billers‌‌who‌r‌ aise‌‌ 
recurring‌‌bills‌(‌ except‌‌mobile‌‌prepaid‌‌recharges)‌‌as‌‌eligible‌‌participants,‌‌voluntarily.‌  ‌
● Before‌t‌hat,‌t‌he‌f‌ acility‌‌of‌‌payment‌‌of‌‌recurring‌‌bills‌‌through‌B ‌ BPS‌‌was‌‌available‌‌only‌‌in‌f‌ ive‌‌segments‌‌-‌‌direct‌‌to‌‌ 
home‌‌(DTH),‌‌electricity,‌‌gas,‌‌telecom,‌‌and‌‌water.‌  ‌
 ‌
Union‌‌Bank‌‌of‌I‌ ndia‌e‌ nters‌M‌ OU‌‌with‌‌The‌‌National‌‌Small‌‌Industries‌‌Corporation‌‌Ltd‌‌(NSIC)‌  ‌
● Union‌‌Bank‌‌of‌‌India‌h‌ as‌‌entered‌‌into‌M ‌ OU‌w ‌ ith‌‌The‌‌National‌‌Small‌‌Industries‌C ‌ orporation‌‌Ltd‌‌(NSIC)‌‌under‌‌the‌‌ 
"NSIC‌‌Bank‌‌Credit‌‌Facilitation‌‌Scheme"‌‌to‌‌support‌‌MSMEs‌‌with‌‌credit‌‌requirements.‌‌   ‌
● Under‌‌the‌‌arrangement,‌‌the‌‌MSME‌‌Unit‌c‌ an‌‌approach‌‌directly‌‌any‌o‌ f‌‌the‌‌NSIC‌‌branch‌o‌ ffices‌w ‌ hich‌‌are‌‌also‌‌ 
operating‌a‌ s‌F ‌ inance‌‌Facilitation‌‌Centre‌‌(FFC),‌‌and‌‌submit‌‌their‌r‌ equest‌f‌ or‌‌loan‌‌requirement‌f‌ rom‌‌Union‌‌Bank‌‌of‌‌ 
India.‌  ‌
● The‌o‌ fficial‌s‌ itting‌‌at‌‌the‌‌NSIC‌‌Branch‌‌will‌‌provide‌h‌ and-holding‌‌support‌t‌o‌t‌he‌‌MSME‌‌unit‌‌by‌a‌ ssisting‌‌them‌‌in‌‌ 
completing‌a‌ ll‌‌documentation‌‌as‌‌required‌‌for‌‌further‌‌submission‌‌to‌t‌he‌‌Bank.‌  ‌
● These‌‌documents‌‌are‌‌to‌‌be‌‌provided‌‌by‌‌the‌‌MSME‌‌unit‌b‌ ased‌‌on‌t‌he‌‌checklist‌o‌ f‌‌the‌‌Bank.‌N ‌ o‌‌fee‌‌is‌c‌ harged‌f‌ rom‌‌ 
the‌‌MSME‌‌unit‌‌for‌‌applying‌‌for‌‌a‌‌loan‌‌under‌t‌his‌‌scheme.‌‌   ‌
 ‌
SBI‌‌General‌‌Insurance‌‌enters‌‌into‌‌bancassurance‌‌tie-up‌‌with‌‌IDFC‌‌FIRST‌‌Bank‌  ‌
● SBI‌‌General‌‌Insurance‌,‌‌one‌‌of‌‌the‌‌leading‌g‌ eneral‌‌insurance‌‌companies‌‌in‌‌India,‌‌has‌‌signed‌‌a‌‌corporate‌a‌ gency‌‌ 
agreement‌‌with‌I‌ DFC‌‌FIRST‌‌Bank‌‌‌for‌‌the‌d‌ istribution‌‌of‌‌non-life‌‌insurance‌‌solutions.‌  ‌
 ‌
SBI‌‌Card,‌‌Fabindia‌‌launch‌‌a‌‌co-branded‌‌contactless‌‌credit‌c‌ ard‌‌for‌‌premium‌‌customers.‌  ‌
● SBI‌C ‌ ards‌‌&‌‌Payment‌‌Services‌‌has‌‌announced‌t‌hat‌i‌t‌‌has‌‌tied‌‌up‌‌with‌F ‌ abindia‌‌t‌o‌‌launch‌a‌ n‌‌exclusive‌‌co-branded‌‌ 
contactless‌c‌ redit‌‌card‌‌-‌‌Fabindia‌‌SBI‌‌Card.‌  ‌
● The‌‌card‌‌is‌d‌ esigned‌‌with‌‌curated‌‌benefits‌‌and‌‌privileges‌‌to‌‌offer‌‌a‌‌rewarding‌‌shopping‌e‌ xperience‌‌to‌‌its‌‌premium‌‌ 
customers.‌T ‌ he‌‌card‌‌comes‌‌in‌‌two‌‌variants‌‌-‌F ‌ abindia‌S ‌ BI‌C ‌ ELECT‌‌and‌‌Fabindia‌S
‌ ard‌S ‌ BI‌‌Card.‌  ‌
 ‌
RBI‌‌issues‌‌norms‌‌for‌‌dividend‌‌distribution‌‌by‌‌NBFCs‌  ‌
● The‌‌Reserve‌‌Bank‌‌of‌I‌ ndia‌‌(RBI)‌‌has‌‌come‌‌out‌w ‌ ith‌d‌ ividend‌‌distribution‌g‌ uidelines‌‌for‌‌non-banking‌f‌ inance‌‌ 
companies‌‌(NBFCs)‌‌to‌‌infuse‌‌greater‌‌transparency‌‌and‌‌uniformity‌i‌n‌‌the‌p‌ ractice.‌  ‌
● The‌‌regulator‌‌has‌‌mandated‌‌that‌‌the‌‌net‌N ‌ PA‌r‌ atio‌‌of‌‌the‌N‌ BFC‌c‌ oncerned‌‌should‌b‌ e‌‌less‌‌than‌6‌ %‌‌‌in‌‌each‌‌of‌‌the‌‌last‌‌ 
three‌‌years‌f‌ or‌‌declaring‌‌dividends.‌  ‌
● Similarly,‌‌the‌‌RBI‌‌has‌‌prescribed‌‌applicable‌‌regulatory‌‌capital‌r‌ equirements‌‌in‌d‌ ifferent‌‌types‌o‌ f‌‌NBFCs.‌  ‌
● For‌‌example,‌‌deposit-taking‌‌NBFCs‌‌will‌‌need‌‌to‌‌have‌‌a‌‌minimum‌‌capital‌a‌ dequacy‌‌ratio‌‌of‌‌15%.‌  ‌
● However,‌‌for‌h‌ ousing‌‌finance‌‌companies,‌‌the‌t‌ier-I‌‌and‌‌tier-II‌‌capital‌‌should‌‌not‌‌be‌‌less‌‌than‌‌13%‌‌as‌‌of‌‌March‌‌2020,‌‌ 
14%‌‌as‌‌of‌‌March‌‌2021,‌‌and‌‌15%‌‌as‌‌of‌‌March‌‌2022‌‌for‌‌declaring‌‌dividends.‌  ‌
● The‌‌guidelines‌‌also‌‌prescribe‌‌ceilings‌‌on‌‌dividend‌p‌ ayout‌‌ratios‌‌for‌‌NBFCs.‌‌The‌‌maximum‌‌dividend‌p‌ ayout‌‌rati‌o ‌‌
could‌b‌ e‌‌60%‌‌for‌‌an‌‌NBF‌C‌w ‌ hich‌i‌s‌‌a‌‌core‌‌investment‌‌company.‌  ‌
● However,‌‌there‌‌is‌‌no‌‌ceiling‌s‌ pecified‌f‌ or‌N ‌ BFCs‌‌that‌‌do‌n‌ ot‌‌accept‌‌public‌‌funds‌‌and‌‌do‌n‌ ot‌h‌ ave‌a‌ ny‌c‌ ustomer‌‌ 
interface.‌  ‌
● The‌‌proposed‌‌dividend‌‌should‌i‌nclude‌b‌ oth‌‌dividends‌‌on‌‌equity‌‌shares‌‌and‌‌compulsorily‌c‌ onvertible‌p‌ reference‌‌ 
shares‌e‌ ligible‌‌for‌‌inclusion‌‌in‌‌Tier‌‌1‌‌capital.‌  ‌
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