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 and Government Updates Banking and Financial Sector Developments RBI announced a significant 50 basis points reduction in repo rate to 5.50% during June 2025 monetary policy meeting, marking the second bi-monthly policy statement for FY26 The policy stance was changed back to ‘neutral’ from accommodative, with Standing Deposit Facility rate at 5.25% and…
National Events – India Prime Minister’s Kashmir Visit and Infrastructure Development PM Narendra Modi inaugurated the world’s highest railway arch bridge – Chenab Rail Bridge in Jammu and Kashmir The bridge stands 359 meters above the riverbed, making it taller than the Eiffel Tower Bridge spans 1,315 meters and connects Bakkal and Kauri villages in…
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%…
Question 1 Who was elected as the first American Pope, choosing the name Leo XIV? A) Cardinal Timothy Dolan B) Cardinal Robert Prevost C) Cardinal Sean O’Malley D) Cardinal Daniel DiNardo Answer: B) Cardinal Robert Prevost Question 2 Which countries recently accused each other of drone attacks along the Line of Control? A) India and…
