CURRENT AFFAIRS

2017

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which bank retrieved hacked $171 million in 6 days from RBI
A
State bank of India
B
Karnataka Bank
C
Union Bank of India
D
Allahabad Bank
Explanation: 

Detailed explanation-1: -These banks are IDBI Bank, Indian Overseas Bank, Bank of Maharashtra, United Bank Of India, Dena Bank, Corporation Bank, UCO Bank, Central Bank of India, Oriental Bank of Commerce and Bank of India.

Detailed explanation-2: -The hackers would have made off with over $850 million if all of the transactions were completed, which would have made the Bangladesh Bank heist the most devastating hack of all time.

Detailed explanation-3: -The Federal Reserve Bank of New York blocked the remaining thirty transactions, amounting to US$850 million, due to suspicions raised by a misspelled instruction. All the money transferred to Sri Lanka has since been recovered.

There is 1 question to complete.