Context: Key Details What is Niveshak Didi? Launch Timeline Partnering Entities Primary Objectives Phase 2 Highlights Inclusivity and Reach

Context: Piramal Finance Ltd. (PFL), formerly known as Piramal Capital & Housing Finance, has officially exited the housing finance business after surrendering its Housing Finance Company (HFC) license. This strategic move follows the Reserve Bank of India (RBI) granting it a new Certificate of Registration (CoR) on April 4, 2025, under Section 45 IA of the RBI Act, 1934. Key Developments: Why It Matters BS

Context: Bank of Baroda (BoB) has introduced a new fixed deposit scheme, dubbed the ‘bob Square Drive Deposit Scheme’, offering attractive interest rates up to 7.80% per annum. This move comes as part of BoB’s strategic shift to offer more competitive and flexible investment products in the current economic climate. Key Highlights of the Square Drive FD Scheme: This scheme is ideal for conservative investors looking for secure returns over a short-to-mid-term horizon. Utsav Deposit Scheme Discontinued Simultaneously, BoB has withdrawn the Utsav Deposit Scheme, a festive-time offering, and made adjustments to existing FD rates across tenures to better reflect market dynamics. Why it Matters: TET

Context: The Department of Financial Services under the Ministry of Finance has notified the merger of 26 Regional Rural Banks (RRBs) to streamline rural banking under the ‘One State, One RRB‘ strategy. This marks the fourth phase of RRB consolidation, aimed at improving efficiency, cost-effectiveness, and scale in rural banking operations. Key Highlights States Undergoing RRB Mergers Historical Context of RRB Consolidation Phase Timeline RRBs Reduced From To Phase 1 FY06 – FY10 196 82 Phase 2 FY13 – FY15 82 56 Phase 3 FY19 – FY21 56 43 Phase 4 Effective May 1, 2026 43 28 Objectives of the Merger Mint

Context: Bond-Wise Demand and Cutoff Insights RBI’s Liquidity Management Strategy Forecast & Expected Measures TET

The Nanny Regulator’s New Avatar PAN Card? Not Enough Anymore Trading Meets Health Check-Ups Insurance and Family NOCs: The Final Touches Tongue-in-Cheek Take on Overregulation TET

Context: The Indian government has urged banks to promote rupee-based international trade settlements through the Special Rupee Vostro Account (SRVA) system. The move aims to enhance adoption of INR in global trade, especially in light of recent US tariff increases. Background: US Tariffs Trigger Strategic Shift Infrastructure Enhancement: Infinet for Global Use Bilateral Agreements and Expansion Strategic Goals Next Steps TET

Why in News? Root Causes Identified Transaction Data and Impact Infrastructure and Ecosystem Challenges UPI’s Exponential Growth (FY25) BS

Context: Key Features of Form ITRB Understanding Block Assessment Tax Credit Provisions Significance BS