Exams › IBPS PO › General Awareness

Which public sector bank became the first Repository Participant for Pledge Finance under WDRA's (Warehousing Development and Regulatory Authority) ecosystem?

1. SBI
2. Punjab National Bank
3. Bank of Baroda
4. Canara Bank

Correct answer: Bank of Baroda

Solution

Bank of Baroda became the first public sector bank to join as a Repository Participant under the Warehousing Development and Regulatory Authority (WDRA) ecosystem, enabling pledge finance against electronic Negotiable Warehouse Receipts (e-NWRs).

Related IBPS PO General Awareness questions

• What is the full form of PACS?
• The RBI has played conservative in ________ a rate cut of just 25 basis points.
• When was the RBI nationalized?
• ______ relates to inaccurate statements which are made without any fraudulent intention.
• A ______ is the risk that a borrower will default on any type of debt by failing to make required payments.
• Investors who purchase zero-coupon and zero-principal bonds issued by not-for-profit organisations can claim tax deduction under which section?

⚔️ Practice IBPS PO General Awareness free + battle 1v1 →