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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 93
Minimum Alternate Tax & Alternate Minimum Tax Context: The Income Tax (No. 2) Bill, 2025, passed by the Lok Sabha, introduces a key structural change in India’s alternative tax regime. It now formally separ 12 Aug 2025 RBI Imposes Rs 75 Lakh Penalty on ICICI Bank for Regulatory Violations Context: The Reserve Bank of India (RBI) levied a monetary penalty of Rs 75 lakh on ICICI Bank Limited for non-compliance with specific regulatory guidelines. K 11 Aug 2025 SEBI Proposes Separate Category of Alternative Investment Fund (AIF) Schemes Context: The Securities and Exchange Board of India (SEBI), the capital markets regulator, has proposed creating a new category of Alternative Investment Fund ( 11 Aug 2025

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NABARD Grade A 2026: what the 2025 cut-offs changed, and the 90-day plan

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NSE & BSE Introduced new Standard Operating Procedure (SOP) Context: The National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) have introduced a new Standard Operating Procedure (SOP), effective from Aug 11 Aug 2025 RBI Proposes Standardised Forms and 15-Day Settlement for Deceased Customers Claims Context: The Reserve Bank of India (RBI) has issued a draft circular titled Reserve Bank of India (Settlement of Claims in respect of Deceased Customers of Bank 11 Aug 2025 LIC Enters Bond Forward Rate Agreements (FRA) Market Context: State-owned Life Insurance Corporation of India (LIC) has officially entered the bond Forward Rate Agreements (FRAs) market through transactions with o 11 Aug 2025 ICICIBank Hikes Minimum Balance Requirement for New Savings Accounts Context: ICICI Bank, one of India’s leading private sector banks, has revised the minimum average balance (MAB) requirements for new savings accounts opened on 11 Aug 2025 Kotak Mahindra Bank Launches ‘Solitaire’ Programme Context: Kotak Mahindra Bank has introduced ‘Solitaire’, an exclusive, invitation-only programme designed for affluent customers, offering premium banking privi 11 Aug 2025
DSP Mutual Fund Launches India’s First Flexi-Cap Index Fund Context: DSP Mutual Fund has introduced the DSP Nifty500 Flexicap Quality 30 Index Fund, marking it as India’s first-ever flexi-cap index fund. The fund is desi 11 Aug 2025 FSSAI and Bank of Baroda Collaborate to Enhance Digital Payments Context: The Food Safety and Standards Authority of India (FSSAI) has partnered with Bank of Baroda to promote digital payment adoption in the food business sec 11 Aug 2025
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