Source: Mint Context: Suryoday Small Finance Bank (SSFB) has introduced secured credit cards designed to expand credit accessibility for first-time users by leveraging fixed deposits as collateral. The offering targets homemakers, retirees, and individuals new to credit, encouraging responsible credit habits. Key Features: About Suryoday Small Finance Bank (SSFB)

Source: ET Context: The Insurance Regulatory and Development Authority of India (Irdai) has toughened its stance against granting insurance manufacturing licences to venture capital-backed fintech startups. The regulator believes such startups are better suited for insurance distribution, not manufacturing. Venture Capital-backed Fintech Startups Why IRDAI is Concerned?

Source: Mint Context: On September 2, 2025, SEBI announced a new entity-level framework to monitor intraday positions in equity index options, effective October 1, 2025. The move aims to curb risky expiry-day bets and enhance market stability. What are Equity Index Options? What are Intraday Positions? Key Features of the Framework Parameter Net Intraday Position Limit Gross Intraday Position Limit Definition Overall directional exposure (long or short) after adjusting for offsetting positions Total exposure on both buy and sell sides without netting opposite positions How Calculated Long positions – Short positions Long positions + Short positions Example ₹7,000 cr long – ₹2,000 cr short = ₹5,000 cr net long ₹7,000 cr long + ₹2,000 cr short = ₹9,000 cr gross SEBI Cap ₹5,000 crore per entity (on Futures Equivalent / delta basis) ₹10,000 crore per side (buy and sell separately) Status from Oct 1, 2025 Newly introduced, effective October 1, 2025 Already applicable, remains unchanged Monitoring Framework Keywords Why It Matters

Source: BS Context: The government has issued draft amendments to the Indian Insurance Companies (Foreign Investment) Amendment Rules, 2015, aimed at reducing compliance hurdles and making India’s insurance sector more attractive to global investors. Key Highlights: Relaxed Residency Requirement Board and Governance Conditions Capital and Dividend-Related Changes

Source: BL Context: State-owned Bank of Baroda (BoB) announced the launch of bob Digi Udyam – a digital, collateral-free lending platform offering Micro and Small Enterprises (MSEs) quick access to working capital loans above ₹10 lakh to ₹50 lakh. Purpose Loan Features Digital Process

Context: The Reserve Bank of India (RBI) plans to conduct an eight-day variable rate reverse repo (VRRR) auction on Thursday aimed to drain ₹ 1.5 trillion from the banking system. What is Variable Rate Reverse Repo (VRRR)? Difference Between VRR and VRRR Feature VRR (Variable Rate Repo) VRRR (Variable Rate Reverse Repo) Purpose Inject liquidity into system Absorb liquidity from system Flow of Money RBI → Banks Banks → RBI Collateral Banks give G-secs to borrow funds Banks deposit surplus cash Impact Eases shortage, reduces interest rates Controls excess, supports inflation control Why is RBI Conducting this Auction? Impact of VRRR Auction On Banks On Economy On Investors

Source: BS Context: Long-duration debt mutual funds (MFs) have seen a sharp fall in returns due to a surge in government securities (g-sec) yields. Investors in dynamic bond funds and g-sec funds with exposure to long-maturity papers bore the maximum impact. What are Long-Duration Debt Mutual Funds (MFs)? What are Government Securities (G-secs)? Current Situation? Impact of Rising G-sec Yields on Long-Duration Debt MFs On Investors On Economy On Mutual Fund Industry