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Important Banking Current Affairs: 1st - 15th May, 2018 

RBI Announced Rs10,000 Crore Bond Purchases

The Reserve Bank of India (RBI) announced that it would buy Rs. 10,000 crore ($1.50 billion) of government bonds via open market operation (OMO), after failing to sell all the debt it had offered to bidders. Important Questions Based On Above News:Q1. Who is the present governor of RBI? Answers: Urjit Patel Q2. What are government Bonds? Answers: A government bond or "'sovereign bond"' is a bond issued by a national government, generally with a promise to pay periodic interest payments and to repay the face value on the maturity date. Q3. What is open market operation (OMO)? Answers: OMOs are the market operations conducted by the RBI by way of sale/ purchase of G-Secs to/ from the market with an objective to adjust the rupee liquidity conditions in the market.

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SEBI Tightens KYC Norms For FPIs

Stepping up its crackdown on money laundering and round-tripping, SEBI recently came out with a detailed framework for risk-based Know Your Customer (KYC) documentation of foreign portfolio investors (FPIs). Important Questions Based On Above News:Q1. Who is the present chairman of SEBI? Answers: Ajay Tyagi Q2. When was SEBI established and where is it’s headquarter located? Answers: April 12, 1992, Mumbai Q3. What are the full form of FPI and KYC? Answers: Foreign Portfolio Investment and Know Your Customer Q4. Who has came out with a detailed framework for risk-based Know Your Customer (KYC) documentation of foreign portfolio investors (FPIs)? Answers: Securities and Exchange Board of India

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HDFC Bank launches interactive humanoid IRA 2.0 in Bengaluru

HDFC Bank has launched Interactive Robotic Assistant (IRA) 2.0, an interactive humanoid at its Koramangala Branch in Bengaluru, Karnataka. The interactive humanoid aims to enhance user


experience for customers visiting in this branch. HDFC Bank has developed IRA 2.0 in collaboration with its technology partners Invento Makerspaces and Senseforth Technologies. Important Questions Based On Above News:Q1. Who is the managing director of HDFC? Answers: Aditya Puri Q2. Which bank launches interactive humanoid IRA 2.0 in Bengaluru? Answers: HDFC Bank

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YES Bank Set To Launch Water-Security Programme

YES Bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative. Important Questions Based On Above News:Q1. Which bank is all set to roll out a capacity building project with farmers in Haryana and Rajasthan under its ‘Livelihood and Water Security’ CSR initiative? Answers: Yes Bank Q2. Who is the MD and CEO of Yes bank? Answers: Rana Kapoor

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Fino Payments Bank Launched Digital Suite

Fino Payments Bank launched a suite of digital products that can be accessed online and through mobile phones with the focus to build the transaction platform. Fino had launched its mobile banking app BPay in 2017. Important Questions Based On Above News:Q1. Which Payment bank has launched digital suite? Answers: Fino Payments Bank Q2. What is the minimum paid-up equity capital of the payments bank? Answers: 100 Crore Q3. What is the maximum limit of deposit in the account? Answers: 1 Lakh Q4. What is the percentage to payment banks have to maintain a minimum capital adequacy ratio of its risk weighted asset? Answers: 15%


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ICBC Launches China's 1st India-Dedicated Investment Fund

A state-run Chinese bank, Industrial and Commercial Bank of China (ICBC) has launched the country's first India-dedicated publicly offered investment fund, saying the Indian market offers the best opportunity for Chinese investors due to the prospects of double-digit growth. The fund, named the ICBC Credit Suisse India Market Fund. Important Questions Based On Above News:Q1. When was Industrial and Commercial Bank of China (ICBC) established? Answers: 1 January 1984. Q2. Which bank has Launches China's 1st India-Dedicated Investment Fund? Answers: Industrial and Commercial Bank of China Q3. Who is the President of ICBC and where is its headquarter? Answers: Gu Shu, Beijing, China.

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ICICI Bank Names Radhakrishnan Nair As Independent Director

ICICI Bank's board has appointed Radhakrishnan Nair as an additional (independent) director of the bank for five years. Important Questions Based On Above News:Q1. Who is the CEO of ICICI bank? Answers: Chanda Kochar Q2. Who has been appointed as an additional (independent) director of the ICICI bank for five years? Answers: Radhakrishnan Nair

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RBI to banks: Share foreign exchange data with DRI

The Reserve Bank of India has directed banks authorised to deal in foreign exchange (Authorised Dealer-I Banks) to share data with the Directorate of Revenue Intelligence (DRI). DRI is the apex intelligence and investigative agency for matters relating to violation of the Customs Act. Important Questions Based On Above News:Q1. Who is the Director General of DRI? Answers: Debi Prasad Dash
