Banking & Competitive Exams 🔹 1. Introduction to Foreign Exchange Foreign Exchange (Forex): Conversion of one currency into another. Foreign Transaction: Contract to exchange currencies between parties. Exchange Rate: Price of one currency in terms of another. 📌 Importance Facilitates international trade (exports & imports) Supports travel, tourism, remittances Maintains global financial integration Helps build…
📌 NATIONAL AFFAIRS 🔹 Union Budget 2026-27 (Presented on 01.02.2026) Finance Minister: Nirmala Sitharaman presented the Union Budget 2026-27 in Parliament, marking her ninth consecutive Budget. Fiscal Deficit Target FY 2026-27: Set at 4.3% of GDP (reduced from 4.4% in FY25-26). Capital Expenditure: Increased to ₹12.2 lakh crore, the highest ever, accounting for 4.4% of…
1. National Affairs – India Economic & Banking Updates Indian Banking Sector Health Reserve Bank of India (RBI) stress tests indicate Indian banks are in the healthiest position in a decade, with strong capital buffers able to withstand extreme shocks and improved asset quality. Gross bad loans projected to decline to 1.9% by March 2027…
🔹 National Economic & Banking Developments Reserve Bank of India (RBI) on December 5 cut its key repo rate by 25 basis points to 5.25%, aiming to boost banking-sector liquidity and support economic growth. This move has paved the way for potential further rate cuts, given the prevailing low inflation. Bank of India (Bank-INDIA) has…
Key National & International Events (08.12.2025) The Reserve Bank of India (RBI) announced plans to inject substantial liquidity into India’s financial markets — via open-market bond purchases and dollar-rupee forex swaps — aimed at supporting the bond market and overall banking system stability. The Indian rupee remains under pressure, trading near historic lows against the…
📰 National & Economic Developments Reserve Bank of India (RBI) Monetary Policy under Spotlight On 5 December 2025, the central bank’s Monetary Policy Committee, led by Governor Sanjay Malhotra, is set to announce its rate decision. Markets and analysts are divided: some expect a 25 basis point cut (repo rate down to 5.25%) given retail…
📰 Key National & Economic Developments Reserve Bank of India (RBI) appoints new Executive Director: CA Usha Janakiraman has been appointed as Executive Director of the RBI effective 1 December 2025 — a significant leadership update in India’s central banking landscape. Foreign exchange policy update — International Monetary Fund (IMF) reclassifies India’s FX regime: The…
🇮🇳 National News & Economy Banking holiday update: Contrary to common belief, banks in India are open on 29 November 2025. The day falls on a fifth Saturday of the month — and since there’s no special holiday declared, banking operations continue as usual. Digital banking services remain unaffected. Soaring gold-backed lending: According to the…
Q1. Which day is observed in India on 31st October every year? A) National Constitution DayB) Rashtriya Ekta DiwasC) National Youth DayD) Civil Services DayAnswer: ✅ B) Rashtriya Ekta DiwasExplanation: 31st October marks the birth anniversary of Sardar Vallabhbhai Patel, celebrated as National Unity Day (Rashtriya Ekta Diwas). Q2. Who is known as the ‘Iron…
1. National & Economic Affairs RBI Appoints New Executive Directors Reserve Bank of India has appointed Sanjay Kumar Hansda and Sonali Sen Gupta as new Executive Directors. Sanjay Kumar Hansda assumed office from 6 October 2025, and Sonali Sen Gupta from 9 October 2025. This move will influence RBI’s decision-making machinery and could interplay with…
