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Banking/Finance

Written for the exam, not for the news cycle. Every item carries what it means for NABARD Grade A, RBI Grade B and SEBI Grade A.

Page 125
Jana Small Finance Bank Applies to RBI for Universal Bank License Context: Jana Small Finance Bank (Jana SFB) has officially applied to the Reserve Bank of India (RBI) for approval to transition into a univ 11 Jun 2025 RBI Flags High Interest Rates and Coercive Recovery in Microfinance Sector Context: RBI Deputy Governor M. Rajeshwar Rao, speaking at a Mumbai event on 5 June 2025, raised serious concerns over the deteriorating conditions in India’s m 11 Jun 2025 The Digital Rupee (e₹) Context: The Digital Rupee (e₹) is a central bank digital currency (CBDC) issued by the Reserve Bank of India (RBI), functioning as a d 11 Jun 2025

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RBI Defends Role in Subvention Scheme Scandal as Supreme Court Probes Builder-Bank Nexus Context: The Supreme Court of India is examining a major financial scandal involving banks, real estate developers, and subvention housing schemes, after hundre 11 Jun 2025 National Investment and Infrastructure Fund (NIIF) Why in News? The Union Finance Minister recently chaired the 6th Governing Council meeting of NIIF, reviewing its performance, partnerships, and future strategi 11 Jun 2025 RBI Discontinues Daily VRR Auctions Amid Liquidity Surplus Context: The Reserve Bank of India (RBI) has announced it will discontinue daily Variable Rate Repo (VRR) auctions from Wednesday, June 11, 2025, following a re 11 Jun 2025 RBI Flags Misselling and Microfinance Concerns Context: In a recent address at an HSBC event on financial inclusion, RBI Deputy Governor M. Rajeshwar Rao expressed concerns over widespread misselling by fina 11 Jun 2025 RBI Launches Scheme to Promote Original Hindi Books on Economics, Banking, and Finance Context: To encourage original Hindi-language writing and research in the fields of economics, banking, and finance by Indian academicians. Key Features of the 9 Jun 2025
Banks’ Proposal for Tax Relief on NPA Interest Under Review Context: The Indian government is reviewing a proposal from banks to amend the Income Tax Act and align the definition and treatment of Non-Performing Assets (N 9 Jun 2025 RBI Frontloads Monetary Support Amid Uncertainty – Is This the Terminal Rate? Context: In an effort to anchor economic confidence amid global uncertainties, the Reserve Bank of India (RBI), through its Monetary Policy Committee (MPC), del 9 Jun 2025
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