Quiz on news highlights 13.03.2024

Which non-banking financial companies (NBFCs) surrendered their certificates of registration to the Reserve Bank of India (RBI)?

• L&T Finance and L&T Infra Credit

• Manjushree Fincap and Shruti Financial Services

• Muthoot Finance Ltd and Manappuram Finance Ltd

• Marudhar Food & Credit Ltd, Creative Intra Ltd, and Jinvani Trading & Investment Company

What action did the Reserve Bank of India (RBI) ask banks to take regarding gold loan frauds?

• Share information on frauds reported, actions taken to recover money, and defaults in the portfolio

• Review their lending processes to check compliance with gold loan guidelines

• Both A and B

• None of the above

Which two companies were impacted by curbs ordered by the banking watchdog?

• IIFL Finance and JM Financial Product

• Muthoot Finance Ltd and Manappuram Finance Ltd

• L&T Finance and L&T Infra Credit

• Capri Global Capital Ltd and Jet Airways

What is the interest rate on gold loans offered by Capri Global Capital Ltd after the rate cut?

• 8.96%

• 11.96%

• 9.96%

• 10.96%

What did Axis Bank do regarding the usage of Atlas credit cards for business spends?

• Temporarily suspended all reward redemptions

• None of the above

• Asked cardholders to provide invoices for travel transactions

• Both A and B

What did the National Company Law Appellate Tribunal (NCLAT) direct the bankrupt airline's lenders to do?

• Hand over the company to the Jalan-Kalrock consortium within 90 days

• File for bankruptcy

• Sell the company to the highest bidder

• Liquidate the assets

Which segment has rebounded and is rising as a percentage of Housing Finance Companies' (HFCs) total loan book?

• Home loans

• Non-housing loans

• Personal loans

• Business loans

What did the National Payments Corp of India (NPCI) approve for Paytm?

• A banking license

• A third-party application provider (TPAP) license

• A mortgage license

• A credit card license

What was the major reason for the growth in gold loan providers Muthoot Finance Ltd and Manappuram Finance Ltd?

• Government subsidies

• Robust demand for gold loans due to high gold prices

• Decrease in gold prices

• Regulatory support

Which bank recently launched a co-branded credit card with Amazon Pay?

• HDFC Bank

• ICICI Bank

• Axis Bank

• SBI