Context: The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing major reforms to the allocation structure of Initial Public Offerings (IPOs), particularly for large issues exceeding ₹5,000 crore. The move aims to better align IPO allocation with investor interest and institutional appetite. Proposed Changes in IPO Allocation Structure Rationale Behind the Proposal Anchor Investor Reforms Enhanced Reservation for Long-term Institutions Objective of the Reform To align IPO structures with: Mint

Context: On 25 July 2025, the Insurance Regulatory and Development Authority of India (IRDAI) released its latest Master Circular. This circular lays out enhanced regulatory obligations for all life, general, and standalone health insurers for FY2025–26 and FY2026–27, superseding the 2024 version of the regulations. Key Obligations for Insurers Rural Sector Coverage Social Sector Coverage Motor Third-Party (TP) Insurance Obligations are based on an insurer’s market share in the TP segment: Market Share FY26 Increase FY27 Increase ≤ 2% 12.5% 13.75% 2%–5% 10% 11% 5%–10% 7.5% 8.25% > 10% 5% 5.5% Insurers must verify compliance using vehicle registration data and the Insurance Information Bureau (IIB) database to identify uninsured vehicles. Key Changes Introduced About IRDAI

Context: The Insurance Brokers Association of India (IBAI) released a comprehensive report titled “Leading the Path to Insurance for All: Broker of the Future”, in collaboration with McKinsey & Company, to mark its 24th Foundation Day in Mumbai (August 2025). Key Highlights: About IBAI (Insurance Brokers Association of India) BS

Context: On July 31, 2025, the Standing Committee on Finance, chaired by MP Bhartruhari Mahtab, submitted a report in Parliament highlighting key issues and recommendations related to the Prime Minister’s Internship Scheme (PMIS), Insolvency and Bankruptcy Code (IBC), and rising direct and indirect tax disputes. Key Highlights: Prime Minister’s Internship Scheme (PMIS) Insolvency and Bankruptcy Code (IBC)

Context: According to the Reserve Bank of India (RBI), non-food bank credit growth slowed to 10.2% year-on-year (Y-o-Y) as of the fortnight ended June 27, 2025, down from 13.8% during the same period in 2024. The slowdown was driven by weaker demand across agriculture, services, retail, NBFCs, and industrial sectors. Key Highlights: 1. Agriculture and Allied Activities 2. Services Sector 3. NBFCs and Trade 4. Retail Lending Trends Personal loans, housing finance, and vehicle loans—once pillars of credit growth—have all recorded slower expansion. This signals a shift in household borrowing behaviour, possibly due to higher interest rates, inflationary pressures, and reduced discretionary spending. 5. Industrial Credit Reasons Behind the Slowdown BS

Context: From August 1, 2025, ICICI Bank will start levying charges on payment aggregators (PAs) for processing Unified Payments Interface (UPI) transactions, becoming the latest major private bank to tap into this cost recovery mechanism. Key Highlights: Reason Behind the Move Impact on PAs and Merchants Growing UPI Volumes and Monetisation Pressure Operational Structure of PAs BS