Banking and Financial Sector Updates Major Banking Developments State Bank of India Wins Global Recognition: SBI has been adjudged as the World’s Best Consumer Bank for 2025 by Global Finance magazine, recognizing its digital innovation and customer-centric approach HSBC Exits Climate Coalition: HSBC becomes the first UK bank to withdraw from the Net Zero Banking…
NATIONAL NEWS Prime Minister’s Major Development Push PM Modi’s Dual State Visit: Prime Minister Narendra Modi undertook a significant visit to Bihar and West Bengal, inaugurating and laying foundation stones for development projects worth over Rs 12,000 crore Bihar Projects: Over Rs 7,200 crore worth of projects across railways, roads, IT, fisheries, and rural development…
National News Government Appointments and Policy Updates R Doraiswamy Appointed as LIC MD & CEO: R Doraiswamy has been appointed as Managing Director and Chief Executive Officer of Life Insurance Corporation of India from 15 July 2025. His term will last until 28 August 2028, when he turns 62. With over 38 years of experience…
CURRENT AFFAIRS QUIZ – JULY 7, 2025 Question 1: What is the new policy repo rate set by RBI in June 2025? A) 5.00% B) 5.25% C) 5.50% D) 5.75% Answer: C) 5.50% The RBI cut the policy repo rate by 50 basis points to 5.50% in a 5:1 MPC vote decision. Question 2: Which…
NATIONAL AFFAIRS Banking and Financial Sector Major Financial Changes Effective July 2025 Aadhaar verification becomes mandatory for new PAN card applications starting July 1, 2025 Cash Reserve Ratio (CRR) reduced by 100 basis points to support banking liquidity HDFC Bank implements 1% fee on monthly online gaming spends exceeding Rs 10,000 SBI revises Minimum Amount…
National News Updates Space Mission Achievement Axiom-4 Mission Launch: Indian astronaut Group Captain Shubhanshu Shukla successfully launched to the International Space Station (ISS) today at 12:01 PM IST as part of the Axiom-4 mission The mission marks India’s second human spaceflight after Rakesh Sharma’s 1984 journey The crew includes astronauts from Poland, Hungary, and former…
National Affairs Banking and Financial Sector Reserve Bank of India Monetary Policy Committee Meeting Commences RBI’s three-day Monetary Policy Committee meeting began on 04.06.2025 under Governor Sanjay Malhotra’s chairmanship Meeting scheduled to conclude on 06.06.2025 with policy announcement on Friday Economists predict a potential 50 basis points repo rate cut from current 6% to 5.75%…
National Affairs – India Economic and Financial Developments India’s Economic Growth Trajectory: India is positioned to overtake Japan as the world’s fourth-largest economy by nominal GDP in 2025, with projections showing India at $4,187.02 billion compared to Japan’s $4,186.43 billion IMF Economic Projections: The International Monetary Fund estimates India’s GDP growth at 6.2% in FY26…
National Affairs 1. India-Pakistan Tensions Escalate India conducted targeted strikes on terror hubs in Pakistan and Pakistan-occupied Kashmir (PoK) under “Operation Sindoor” Pakistan fired multiple missiles targeting areas in Jammu and Kashmir; all were intercepted by India’s Air Defense Units Pakistan reportedly launched around 500 drones targeting over 24 Indian cities, successfully intercepted by Indian…
(English & Hindi) 1. Who is the Managing Director of the International Monetary Fund (IMF) as mentioned in the current affairs? अंतर्राष्ट्रीय मुद्रा कोष (IMF) की प्रबंध निदेशक कौन हैं जैसा कि करेंट अफेयर्स में उल्लेख किया गया है? A) Christine Lagarde B) Kristalina Georgieva C) Janet Yellen D) Ngozi Okonjo-Iweala Answer: B) Kristalina Georgieva…
