Current Events of india

Banking Awareness Study Notes on Vostro Accounts Vostro account refers to an account that a foreign bank holds in INR in a bank that is based in India. VOSTRO Account means YOUR account with US. For example, If a foreign bank like Deutsche Bank has an INR account with Bank of Baroda, then such account is called as VOSTRO Account. Let’s say, HDFC Bank in India, wants to make and receive payments in US Dollars, in the US. It will tie up with, say, Citibank in the US. Citibank will act as its representative or ‘correspondent’ bank. HDFC Bank will have an account in Citibank, US – its USD receipts and payments will happen from this account. This account is HDFC’s ‘Nostro’ account and Citibank’s Vostro ‘account’.

💐❣RECENT CURRENT AFFAIRS ON BANKING ❣💐 💐Which bank launched new gold loan scheme? A.KVGB B.PNB C.SDB D.None of these Answer: Option A 💐Which bank introduced i-Lead 2.0 to boost customer services? A.Bank of India B.Canara Bank C.HDFC D.SBI Answer: Option B 💐Which bank saw maximum fraud cases according to a report given by PSBs to RBI? A.SBI B.Axis bank C.ICICI D.PNB Answer: Option A 💐Which bank set up new vertical "Emerging Entrepreneurs Business"? A.Bandhan Bank B.PNB C.SDB D.ADB Answer: Option A 💐Which bank has appointed AK Das as new administrator of PMC Bank? A.SBI B.SEBI C.SIDBI D.RBI Answer: Option D 💐Who issued draft on rupee IR derivatives? A.SEBI B.SBI C.RBI D.SIDBI Answer: Option C 💐Mastercard (MA) rolls out premium Debit Card with which bank? A.SBI B.PNB C.SBM D.HDFC Answer: Option C 💐With which bank Titan launch India's first contactless payment watch? A.HDFC B.SBI C.PNB D.RBI Answer: Option B 💐Which Bank projected India's GDP at -9% in FY21? A.R

❣💐MUDRA BANK💐❣ *Expansion of MUDRA Ans : Micro Units Development and Refinance Agency Bank *The formation of the agency was initially announced in the Ans : 2015 Union budget of India   *Mudra Bank was started on the initiative of  Ans : Narendra Modi  *Mudra Bank was founded on  Ans : April 8, 2015  *Head quarters  Ans : New Delhi *Mudra Bank was inaugurated by  Ans : Narendra Modi  *From Where You got this content? Aso ebooks institute  *First bank to issue mudra cards  Ans : Corporation Bank *The bank which provides loans at low rates to micro-finance institutions and non banking financial institutions Ans : Mudra Bank