Daily Quiz — 11 Aug 2026

1. Q1.According to the PSB Manthan article, what are the three main focus areas that public sector banks will deliberate on during the August 17–18 meeting?

   Funding for MSMEs, agriculture, and global capability centresDigital transformation, cybersecurity, and rural credit expansionMicrofinance retreat, MCLR adjustments, and cooperative bankingISIN caps, bond liquidity, and ESG debt securities
   Explanation: The article explicitly states that banks will deliberate on funding for MSMEs, agriculture, and global capability centres, alongside the primary focus of attracting foreign capital and improving deposit mobilisation.

2. Q2.Which large microfinance institutions are specifically mentioned in the article as capitalising on bank microfinance retreat by raising growth targets?

   Muthoot Microfin, Satin Creditcare, and CreditAccess GrameenICICI Prudential, Aditya Birla Sun Life, and RelitradeHDFC Bank, Bank of Baroda, and Delhi Cooperative BankTata Sons, Milky Mist Dairy, and Wealth Company
   Explanation: The article names Muthoot Microfin, Satin Creditcare, and CreditAccess Grameen as large NBFC microfinance institutions raising growth targets by up to 500 basis points to capture market share vacated by retreating private and small finance banks.

3. Q3.Based on the MCLR moves article, what diverging action did Bank of Baroda take compared to HDFC Bank's rate cut?

   Raised its three-month MCLR by 10 basis points to 8.30%Cut its MCLR by 5 basis points across all tenorsKept its MCLR unchanged pending RBI guidanceReduced its overnight lending rate by 15 basis points
   Explanation: While HDFC Bank cut its MCLR by 5 basis points, Bank of Baroda raised its three-month MCLR by 10 basis points to 8.30% from August 12, reflecting divergent liquidity and cost-of-funds positions among lenders.

4. Q4.What is the cash consideration mechanism proposed for ICICI Prudential AMC's acquisition of ICICI Securities' PMS business?

   1.20% of actual Assets Under Management transferred based on independent valuationA fixed amount of ₹1,553 crore as determined by SEBI14% of the portfolio management services unit's annual earnings17% premium over the previous year's net asset value
   Explanation: The article states that the cash consideration will be set at 1.20% of actual Assets Under Management transferred, based on an independent valuation, as part of the slump sale arrangement.

5. Q5.According to SEBI's proposal on debt ISIN limits, what is the new annual maturity cap for privately placed debt ISINs, and which debt securities are proposed to be exempted entirely?

   Raised from 14 to 17, with exemptions for government-serviced and ESG debt securitiesRaised from 14 to 20, with exemptions for corporate debt onlyMaintained at 14, with exemptions for microfinance institutions onlyRaised from 17 to 21, with no exemptions proposed
   Explanation: SEBI proposes raising the annual ISIN maturity cap for privately placed debt from 14 to 17, while also proposing to exempt government-serviced bonds and ESG debt securities from the ISIN cap entirely.

You didn't attempt this quiz.