IndusInd Bank Integrates with EPFO for Seamless Provident Fund Contributions
This integration empowers registered employers to execute digital Provident Fund contributions smoothly through the central EPFO portal.
Employers can complete these monetary transfers using IndusInd Bank's Corporate Internet Banking platform or the INDIE for Business mobile application.
Exam Perspective: The partnership enhances the ease of doing business by modernizing business-to-business transaction pipelines for corporate compliance.
Key Facts / Static GK
IndusInd Bank MD & CEO: Rajiv Anand
IndusInd Bank Founded: April 1994
Q Practice Quiz — 17 July 2026
1. Which of the following statements is/are correct regarding the PARIVARTAN Scheme? 1. The scheme's operational guidelines have been approved by the Ministry of Road Transport and Highways. 2. Old vehicles in the NCR will be replaced with BS-VI compliant models or Electric Vehicles. 3. The National Capital Region Planning Board serves as the funding agency for this scheme.
Explanation: Statement 1 is incorrect because the operational guidelines have been approved by the Ministry of Housing and Urban Affairs, though the Ministry of Road Transport and Highways is the nodal ministry. Statements 2 and 3 are correct.
2. What is the weightage assigned to the 'Usage' dimension in the Reserve Bank of India's Financial Inclusion Index?
Explanation: The RBI Financial Inclusion Index is calculated based on three dimensions with specific weights: Access (35%), Usage (45%), and Quality (20%).
3. Which entity is responsible for managing the India-Japan Fund, which recently announced an investment of 200 crore rupees in Ather Energy?
Explanation: The India-Japan Fund is a bilateral investment fund managed by the National Investment and Infrastructure Fund.
4. Which airline operated the first international flight connecting Navi Mumbai International Airport with Abu Dhabi?
Explanation: Air India Express operated the first international flight from Navi Mumbai International Airport, connecting it to Abu Dhabi.
5. Which of the following nations were removed from the Financial Action Task Force Grey List in the June 2026 revisions?
Explanation: In the June 2026 changes, Algeria and Namibia were removed from the FATF Grey List, while Bosnia and Herzegovina and Iraq were added.
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