Daily Quiz — 30 Jul 2026

1. Q1.According to the article on FCNR-B deposits, what primary concern do analysts highlight regarding private banks like ICICI, HDFC, and Kotak Mahindra?

   Compression of net interest margins due to rising offshore deposit costsInability to attract FCNR-B deposits from non-resident IndiansRegulatory restrictions on lending foreign currency domesticallyIncreased capital reserve requirements set by the RBI
   Explanation: The article explicitly states that the FCNR-B deposit scheme may compress net interest margins (NIMs) for leading private banks as offshore deposit costs rise, with profitability depending on banks' ability to deploy foreign-currency funds at higher domestic lending yields.

2. Q2.What is the significance of the Unified Payments Interface (UPI) in India's retail digital payment landscape as per FY2024-25 data?

   UPI accounts for nearly 81% of retail digital payment volumesUPI represents only 35% of total digital payment transactionsUPI volume exceeded ₹30,000 crore in FY2024-25UPI adoption is limited to tier-1 cities only
   Explanation: The article states that retail digital payment transactions hit 22,167.9 crore in FY2024-25, with UPI accounting for nearly 81% of volumes, demonstrating UPI's dominant role in India's digital payment ecosystem and driving banks to integrate all financial services into single platforms.

3. Q3.Why did the Reserve Bank of India cancel Paytm Payments Bank's banking licence, and who has been appointed as the official liquidator?

   Conduct detrimental to depositor interests; Girikumar M Nair appointed as liquidatorInsufficient capital reserves; Rajesh Kumar appointed as liquidatorFraudulent transactions; Priya Sharma appointed as liquidatorNon-compliance with digital payment standards; Vikram Singh appointed as liquidator
   Explanation: The RBI cancelled PPBL's licence citing conduct detrimental to depositor interests, effective April 24. The Delhi High Court appointed Girikumar M Nair, a former State Bank of India Chief General Manager, as official liquidator under the Banking Regulation Act, 1949.

4. Q4.What was the revised fresh issue size for Veritas Finance's refiled IPO prospectus submitted to SEBI on July 29?

   ₹900 crore₹2,800 crore₹1,400 crore₹600 crore
   Explanation: The article clearly states that Veritas Finance refiled its draft red herring prospectus with the fresh issue size raised to ₹900 crore, significantly reduced from the original ₹2,800 crore target.

5. Q5.According to Capri Global Capital's performance metrics, what was the growth rate in Gold Loans for Q1 FY27?

   110.6% year-on-year growth62% year-on-year growth85% year-on-year growth45% year-on-year growth
   Explanation: The article states that Capri Global Capital achieved 62% year-on-year total AUM growth in Q1 FY27, which was led by a 110.6% surge specifically in Gold Loans, earning a Buy upgrade from Choice Institutional Equities.

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