Context: Federal Bank unveiled ‘Bharat Surotsav’, a signature cultural initiative celebrating India’s music and dance heritage, in Chennai. The launch highlights the bank’s efforts to connect with audiences through arts and culture while reinforcing its brand identity. Key Highlights:

Context: Securities and Exchange Board of India (SEBI) plans to discuss an expert panel report on conflict of interest regulations for its senior officials at the next board meeting on December 17, 2025. The move follows governance scrutiny after conflict-of-interest allegations against former SEBI chairperson Madhabi Puri Buch, which involved claims of undisclosed offshore investments (refuted by Buch and her husband). Why the Review Now? 1. Governance Concerns 2. Need for Enhanced Transparency What the Expert Panel Report Covers SEBI’s expert committee has submitted recommendations including: 1. Stricter Disclosure Requirements 2. Cooling-Off & Recusal Rules 3. Higher Monitoring & Internal Audits 4. Clarity on Permissible Investments

Context: The Securities and Exchange Board of India (Sebi) has launched a review of its case settlement rules to simplify calculations, address concerns about inflated penalties, and make the process more accessible for market participants. What Is the Case Settlement Framework? SEBI’s settlement mechanism allows individuals or entities accused of market violations to settle cases by paying a settlement amount without undergoing lengthy litigation.It helps: Key Objectives

Context: Current offer documents for IPOs and FPOs are often lengthy and complex, making it difficult for retail investors to read and engage meaningfully. Key Proposals: Significance:

Context: Key Measures Announced: Significance:

Source: TH Context: Introduced in 2016, FIT provides a forward-looking monetary policy mandate for the Reserve Bank of India (RBI) to maintain inflation at 4% ± 2%. The current FIT cycle is ending in March 2026; the RBI is reviewing the framework for the next five years (up to 2030–31). Objective: Maintain price stability, protect the poor, encourage savings and investments, and support sustainable economic growth. What Is FIT? The Flexible Inflation Targeting (FIT) framework is India’s modern monetary policy system, introduced in 2016 through amendments to the RBI Act, 1934. It gives the Reserve Bank of India (RBI) and the Monetary Policy Committee (MPC) a clear, forward-looking mandate to maintain price stability while supporting economic growth. Why Was FIT Introduced? Key Questions in FIT Review Key Considerations for FIT and Macroeconomic Stability

Context: The Reserve Bank of India (RBI) has formally recognised the Self-Regulated PSO Association (SRPA) as a self-regulatory organisation (SRO) for the payment system operators (PSO) sector, a key step in strengthening governance, oversight, and compliance in India’s digital payments ecosystem. What is SRPA? The Self-Regulated PSO Association (SRPA) is an industry-led body formed to: SRPA is an industry-led body consisting of major payment system operators, including: More PSOs are expected to join after RBI’s formal approval. Why RBI Granted SRO Status to SRPA? Role of an SRO in the Payments Sector An SRO: India already has SROs for other sectors, such as: SRPA is now the dedicated SRO for payment system operators. What Will SRPA Do Now? According to its leadership, SRPA will: Significance for India’s Digital Payments Ecosystem