Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI

Which of the following banks have become the first banks to join SWIFT‟s global payments initiative? A) ICICI and HDFC Bank B) IndusInd Bank and SBI C) PNB and Federal Bank D) Axis Bank and ICICI E) ICICI and SBI
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D) Axis Bank and ICICI Explanation: Global payments leader SWIFT said that ICICI Bank and Axis Bank have become the first domestic lenders to sign up for its global payments innovation initiative, which already has over 70 other leading banks globally. The initiative aims to enhance cross-border payments by leveraging Swift‘s messaging platform and global reach and in the first phase, the initiative will focus on business-tobusiness payments.
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Description : Who among the following decides the volume and value of bank notes to be printed in India? A. RBI B. SBI C. Security Printing and Minting Corporation of India D. All of the Above

Last Answer : A. RBI Explanation: The Reserve Bank based on the demand requirement indicates the volume and value of banknotes to be printed each year to the Government of India which get finalised after ... the demand for banknotes, GDP growth, replacement of soiled banknotes, reserve stock requirements, etc.

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Description : Yes Bank in August rolled out which facility under its „Yes We Care‟ initiative? A) 2 months leave for new father B) 6 months leave for pregnant women C) work for home D) adoption leave E) None of these

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Description : Which of the following surrendered their “in-principle” to launch payments banks? A. Cholamandalam Distribution Services B. Dilip Shanghvi, Sun Pharmaceuticals C. Tech Mahindra D. All of the Above E. None of the Above

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Description : The banks will be licensed as payments banks under ______ of the Banking Regulation Act, 1949. A. Section 21 B. Section 22 C. Section 23 D. Section 24 E. None of the Above

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Description : Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

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Description : Scheduled Banks have to be registered with - (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Last Answer : (2) RBI Explanation: The scheduled primary (urban) cooperative banks are required to maintain with the Reserve Bank of India an average daily balance, the amount of which should not be less than 5 per ... least 3 per cent of their total demand and time liabilities in India on clay-to-day basis.

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Description : Scheduled Banks have to be registered with (1) SEBI (2) RBI (3) Finance Ministry (4) SBI

Last Answer : RBI

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