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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 96
RBI Approves Merger of New India Co-operative Bank with Saraswat Co-operative Bank Context: The Reserve Bank of India (RBI) has approved the amalgamation of fraud-hit New India Co-operative Bank (NICB) with Saraswat Co-operative Bank (SCB), un 4 Aug 2025 Quant Mutual Fund Becomes First AMC in India to Launch Specialized Investment Fund (SIF) Context: Quant Mutual Fund has received final approval from the Securities and Exchange Board of India (SEBI) to launch India’s first Specialized Investment Fun 4 Aug 2025 Choice International Gets SEBI Approval to Launch Mutual Fund Business via Choice AMC Context: Mumbai-based financial services company Choice International Ltd has received the final approval from the Securities and Exchange Board of India (SEBI) 4 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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Finance Ministry Notifies 0.1% Concessional Government Guarantee Fee for NaBFID Context: The Ministry of Finance has set a 0.1% concessional guarantee fee for the National Bank for Financing Infrastructure and Development (NaBFID) to enable 2 Aug 2025 MCX Relaunches Cardamom Futures Trading Contracts Context: The Multi-Commodity Exchange of India (MCX) has reintroduced cardamom futures contracts, initially launching for August, September, and October 2025. T 2 Aug 2025 NPCI Introduces Revised UPI Rules Context: The National Payments Corporation of India (NPCI) has introduced new Unified Payments Interface (UPI) rules, effective from August 1, 2025, to enhance 2 Aug 2025 UPI’s ‘Free Payments’ Model Under Strain as ICICI Bank Imposes Charges on Payment Aggregators Context: ICICI Bank has begun charging payment aggregators (PAs) for processing UPI transactions, raising concerns over the long-term viability of the zero-cost 2 Aug 2025 RBI’s MuleHunter Platform to Tackle Bank Frauds Gains Traction Context: The Reserve Bank of India (RBI) is scaling up the deployment of its AI-driven MuleHunter platform across more banks to curb fraud involving mule accoun 2 Aug 2025
SEBI Plans Major Reforms for Mega IPOs Context: The Securities and Exchange Board of India (SEBI) is considering regulatory reforms to streamline large Initial Public Offerings (IPOs) and improve mar 2 Aug 2025 SEBI Proposes Changes in IPO Allocation Norms for Large Issues Context: The Securities and Exchange Board of India (SEBI) has released a consultation paper proposing major reforms to the allocation structure of Initial Publ 1 Aug 2025
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