Here are 20 questions and answers based on recent banking and economic for the date 09.03.2025
- Which financial regulator imposed ₹76.6 lakh penalties on four NBFCs in March 2025?
The Reserve Bank of India (RBI) penalized four NBFCs for non-compliance with P2P lending platform regulations.
- What is India’s projected FY25 GDP growth according to Standard Chartered Bank?
Standard Chartered forecasts 6.5% GDP growth for FY25, with 6.4% growth in Q4 FY25.
- Which bank’s CEO received only a one-year extension despite requesting three years?
IndusInd Bank’s MD & CEO Sumant Kathpalia was granted a one-year extension (March 2025-2026) by RBI.
- Which state secured the top rank in the 2024 Local Governance Performance Index?
Karnataka topped the index, reflecting its developmental progress.
- What global inflation rate does IMF project for 2025?
The IMF forecasts global inflation to decline to 4.4% in 2025, revised down from earlier estimates.
- Which semiconductor company announced ₹10,000 crore investment in Karnataka?
US-based Lam Research committed the investment during the Global Investors Meet 2025.
- What caused IndusInd Bank’s weak Q3FY25 performance?
Stress in the microfinance segment (32% of total slippages) led to higher NPAs (2.3%) and lower NIMs (3.93%).
- Which banking services were unavailable during HDFC Bank’s March 9 maintenance?
NEFT transactions, mutual fund transactions via NetBanking/Mobile Banking, and credit card services were disrupted from 5:00-7:30 AM IST.
- What is ‘Project Hifazat’ launched in Punjab?
A initiative by Dr. Baljit Kaur to provide immediate assistance to women and children affected by violence.
- What RBI monetary policy action does Standard Chartered predict in April 2025?
The bank anticipates a 25-basis-point rate cut and subsequent deposit rate reductions.
- Which international agreement worth $248 million was signed by India’s Defence Ministry?
A deal with Russia’s Rosoboronexport for defense equipment procurement.
- Name the Indian Navy ships that visited Thailand’s Phuket port in March 2025.
INS Sujata, INS Shardul, and ICGS Veera concluded their visit on March 7.
- What rupee-US dollar exchange rate does Standard Chartered predict?
Ankur Khurana forecasts ₹88/USD within three months.
- Which banking exercise tested maritime readiness in 2025?
The Indian Navy conducted TROPEX 2025 (Theatre Level Operational Readiness Exercise).
- What percentage of Standard Chartered’s workforce comprises women?
31% of employees are women, supported by initiatives like extended parental leave and daycare facilities.
- Which cricket administrator joined the ACC Executive Board?
BCCI Vice-President Rajeev Shukla was appointed to the Asian Cricket Council.
- What infrastructure projects were announced for Bengaluru?
Karnataka CM Siddaramaiah unveiled ₹70,000 crore road infrastructure upgrades.
- When is CISF Raising Day observed annually?
March 10 marks the Central Industrial Security Force’s Raising Day.
- Which new insurance products did SBI Life launch for child plans?
‘Smart Future Star’ and ‘Smart Platina Young Achiever’ policies.
- Which international event will PM Modi attend as chief guest on March 12?
Mauritius’ National Day celebrations during his state visit.
