Daily Quiz — 11 May 2026

1. Q1.What is the primary purpose for which Indian Bank is raising ₹4,000–6,000 crore in capital, according to its CEO?

   To fund the launch of a new wealth management verticalTo absorb the impact of Expected Credit Loss provisioning normsTo finance branch network expansion across IndiaTo meet RBI's enhanced capital adequacy requirements
   Explanation: Indian Bank is raising this capital specifically to absorb the impact of Expected Credit Loss (ECL) provisioning norms, not to fund business growth or expansion.

2. Q2.Which framework is HDFC Bank implementing to embed AI-driven cybersecurity controls directly into its software development pipeline?

   Zero Trust ArchitectureDevSecOps Integration ProtocolSecure Software ManufacturingAI Threat Intelligence Framework
   Explanation: HDFC Bank's CIO Ramesh Lakshminarayanan described the framework as 'secure software manufacturing,' designed to counter AI-powered threats including autonomous zero-day vulnerability discovery.

3. Q3.The updated MoU on central banking cooperation signed between the RBI and the European Central Bank at Basel supersedes which earlier agreement?

   The 2010 MoUThe 2012 MoUThe 2015 MoUThe 2018 MoU
   Explanation: The new MoU signed by RBI Governor Sanjay Malhotra and ECB President Christine Lagarde supersedes the 2015 MoU and establishes a framework for information exchange, policy dialogue, and technical cooperation.

4. Q4.What was the key reason at least 20 newly registered Foreign Portfolio Investors were unable to begin trading in India?

   SEBI had suspended new FPI registrations pending a policy reviewTechnical glitches in the revised Common Application Form framework prevented PAN issuanceReserve Bank of India had placed a moratorium on new foreign investment approvalsCustodian banks refused to open demat accounts due to KYC non-compliance
   Explanation: Technical glitches in the revised Common Application Form framework prevented these FPIs from obtaining Permanent Account Numbers, which in turn blocked them from opening trading and demat accounts in India.

5. Q5.What was Bank of Baroda's net profit figure for Q4FY26, and by what percentage did it grow year-on-year?

   ₹4,890 crore, up 9.5% year-on-year₹5,616 crore, up 11.25% year-on-year₹5,616 crore, up 13.75% year-on-year₹6,102 crore, up 11.25% year-on-year
   Explanation: Bank of Baroda reported a net profit of ₹5,616 crore for Q4FY26, representing an 11.25% year-on-year increase, supported by 8.7% growth in net interest income and improved asset quality.

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