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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 13
RBI Imposes ₹10.10 Lakh Penalty on City Union Bank, Plus Penalties on Two NBFCs Context: The Reserve Bank of India (RBI), through an order dated 20 May 2026 (communicated on 22 May 2026), has imposed a monetary penalty of ₹10.10 lakh on Cit 26 May 2026 RBI Tightens Governance Norms for Urban Cooperative Bank Directors : The Reserve Bank of India (RBI) has tightened governance norms for directors of Urban Cooperative Banks (UCBs) through the "Reserve Bank of India (Urban Co-op 26 May 2026 Fintech Jumpp Receives IRDAI Corporate Agency and ISNP Licences to Distribute Insurance Through AI-Powered Platform Context of the News The conversational fintech platform Jumpp, operated by the Finvasia Group, has received both a Corporate Agency licence and an Insurance Sel 25 May 2026

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The Impacts of Rupee Weakening NEER, REER, Exchange-Rate Regimes and Sectoral Impact Setting the Context In January 2025, the Indian rupee fell to an all-time low of about ₹86.63 against the 24 May 2026 RBI Withdraws IFR Requirement for Banks Maintaining Market Risk Capital of the News The Reserve Bank of India (RBI) has issued final amendment directions that withdraw the Investment Fluctuation Reserve (IFR) requirement for banks m 22 May 2026 RBI Revives Aggressive Pre-Market Intervention to Arrest Rupee’s Slide : The Reserve Bank of India (RBI) has revived its aggressive pre-market intervention strategy to arrest the rupee's slide, after the currency fell within a whis 22 May 2026 Real-time risk scores on cards for digital payments to track fraud of the News In a major step toward strengthening digital-payment fraud control, the Indian Digital Payment Intelligence Corporation (IDPIC) — newly empowered as 19 May 2026 RBI Removes Prior Approval Requirement for Banks’ Outward Remittance Tie-ups with Fintechs : In May 2026, the Reserve Bank of India (RBI) removed the prior approval requirement for non-bank entities (fintechs) to enter into tie-up arrangements with Au 16 May 2026
India’s Inflation Pressures : A recent editorial — "Bursting at the Seams: The current rise in inflation is not transient, but systemic" — flags a sharpening divergence between India's ret 16 May 2026 Banks Back RBI’s Proposed 1-Hour Lag for Digital Payments Above ₹10,000 : The Reserve Bank of India (RBI), in a discussion paper released in April, has proposed a one-hour delay on account-to-account digital transfers above ₹10,000 16 May 2026
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