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 Political and Administrative Updates Karnataka CM Siddaramaiah Denies Leadership Change – Karnataka Chief Minister Siddaramaiah rejected the proposed ’50-50′ formula for power sharing, stating clearly that there is no vacancy for the CM position in the state Vadodara Bridge Collapse Tragedy – The death toll from the Vadodara bridge collapse has risen to…
National News Updates Major Headlines for Competitive Exams Bharat Bandh Disrupts Essential Services – A coalition of 10 central trade unions organized a nationwide strike on July 9, 2025, significantly disrupting banking, postal, transport, and mining sectors across India. Over 25 crore workers participated in the protest against government policies, causing widespread inconvenience to the…
International Affairs Middle East Conflict Escalates United States has joined Israel in striking Iranian nuclear facilities under Operation Midnight Hammer Three major Iranian nuclear sites targeted – Fordow, Natanz, and Isfahan facilities US President Donald Trump confirmed strikes using B-2 stealth bombers carrying 30,000-pound bunker-busting bombs Death toll in Iran crosses 400 with over 3,500…
National News Updates Banking and Financial Sector Bank of India Dividend Record Date: Bank of India has set 20.06.2025 as the record date for its final dividend of ₹4.05 per equity share for FY25, with shareholders needing to hold shares by 19th June to be eligible for the dividend payment RBI Monetary Policy Impact: Following…
National News Updates Economic and Banking Sector RBI Monetary Policy Highlights: The Reserve Bank of India implemented a significant 50 basis points repo rate cut, bringing it down to 5.50% from 6.00%, marking the largest single rate reduction in recent years. The central bank also reduced the Cash Reserve Ratio (CRR) by 100 basis points…
NATIONAL NEWS Prime Minister Modi’s International Tour Prime Minister Narendra Modi embarked on a significant three-nation diplomatic tour starting with Cyprus on June 15, 2025 This marks the first visit by an Indian Prime Minister to Cyprus in over two decades, since former PM Atal Bihari Vajpayee’s visit in 2002 The tour includes participation 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%…
Economic and Banking Affairs Reserve Bank of India (RBI) Monetary Policy Committee Meeting RBI MPC meeting commenced on 04.06.2025 under the leadership of Governor Sanjay Malhotra, marking the second policy meeting of FY 2025-26 Strong expectations for third consecutive rate cut of 25 basis points, which would reduce the repo rate from current 6% to…
National Events and Government Updates Health and Public Welfare COVID-19 Cases Rising Across India New surge in COVID-19 cases reported nationwide Kerala, Maharashtra, and Delhi recording highest infection rates Health authorities issue advisory for preventive measures Hospitals experiencing increased patient admissions Political Developments Karnataka BJP MLA Suspensions Revoked Suspension of 18 BJP MLAs lifted after…
