1) India’s largest commercial bank SBI on 21 May 2015 signed an MoU with which leading international digital payments company to facilitate cross-border transactions? – PayPal
2) Country’s largest private bank – ICICI Bank on 25 May 2015 launched which new password service for its customers? – Voice Password Service
3) Which private-sector bank on 31 May 2015 announced that it will discontinue issuing slips after cash withdrawals at ATMs and will alert the customer through SMSes? – HDFC Bank
4) The US Department of Justice on 20 May 2015 imposed record $5.7bn fine on 5 banks for rigging foreign exchange markets. Which five banks are involved in this case? – Barclays, Royal Bank of Scotland (RBS), UBS, Citigroup and JP Morgan
5) Bank unions and the Indian Banks’ Association (IBA) on 25 May 2015 signed a wage revision agreement, which will benefit 1 million bank employees, including some from foreign and private banks. How much increase in bank employees’ salary and allowances has been agreed to in this agreement? – 15%
6) Which major European country slipped into deflation recently as disclosed by the government on 19 May 2015? – Britain
7) On 26 May 2015 who was appointed as the head of the newly constituted committee that will give recommendations to recast the model of the so-called public-private-partnership (PPP) model in India? – Vijay Kelkar
8) The State Bank of India (SBI) on 20 May 2015 signed a Memorandum of Understanding (MoU) with which e-commerce entity to develop payment and commerce solutions for customers and small businesses? – Amazon
9) State Bank of India (SBI), on 22 May 2015 reported a better-than-expected 23% increase in quarterly profit for fourth quarter ended March 2015. What was the total net profit during the quarter? – Rs. 3742 crore ($589.11 million)
10) Which Indian stock exchange on 18 May 2015 announced the introduction of the first-of-its-kind Overnight Liquid Fund product which will provide the facility to invest even for a single night in liquid funds? – BSE
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