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Introduction: Boost Your SBI PO Mains Prep with GA Capsule 2025 The State Bank of India Probationary Officer (SBI PO) examination is one of the most prestigious banking exams in India. With the Mains stage approaching, Adda247 has released the SBI PO GA Capsule 2025, a comprehensive compilation of General Awareness (GA) topics. This capsule…
Overview of the One State One RRB Initiative The Indian government is moving ahead with its ambitious ‘One State One RRB’ (Regional Rural Bank) reform to streamline rural banking operations. This policy seeks to consolidate multiple RRBs within a state into a single unified banking entity, thereby enhancing operational efficiency, reducing redundancy, and improving service…
Introduction: RBI’s Decision on FPI Investment Limits In a recent announcement, the Reserve Bank of India (RBI) has decided to keep the investment limits for Foreign Portfolio Investors (FPIs) in government securities and corporate bonds unchanged for the financial year 2025-26. The decision reflects a cautious approach to managing capital inflows while ensuring financial stability…
RBI Data Reveals Credit Cards Breach 100 Million Mark in India In a significant milestone, data released by the Reserve Bank of India (RBI) has unveiled that the number of credit cards in circulation in India has surpassed the 100 million mark. This revelation underscores the burgeoning trend of digital transactions and the increasing reliance…
Karnataka Bank Raises Rs 600 Crore Through QIP, Bolsters Growth and Stability Karnataka Bank, a leading private sector bank in India, recently announced the successful completion of its Qualified Institutional Placement (QIP) to raise Rs 600 crore. This strategic move aims to strengthen the bank’s growth trajectory and enhance its stability in the ever-evolving financial…
Income Tax Department Imposes ₹564.44 Crore Penalty on Bank of India The Income Tax Department has recently imposed a hefty penalty of ₹564.44 crore on Bank of India for alleged discrepancies in the reporting of income. This penalty comes as a result of an investigation into the bank’s financial records, conducted by the tax authorities….
Introduction The Government of India has decided to end the Gold Monetisation Scheme (GMS), a program introduced to utilize idle gold reserves in households and institutions. The Reserve Bank of India (RBI) has provided an update regarding the existing deposits under this scheme, ensuring that all commitments made to depositors will be honored. Reasons for…
Introduction The Indian government has introduced BaankNet and e-Bkray, two new digital platforms aimed at improving the efficiency and transparency of Public Sector Undertaking (PSU) banks’ e-auctions for asset sales. This move is part of a broader initiative to strengthen the financial sector and enhance digital banking infrastructure. What is BaankNet? BaankNet is a secured,…
The Reserve Bank of India (RBI) has announced an interest rate of 8.34% for the Government of India (GOI) Floating Rate Bond (FRB) 2033. This announcement is crucial for investors and policymakers, as it reflects current economic conditions and market trends. Floating Rate Bonds (FRBs) are debt instruments with variable interest rates, making them attractive…
Remittances from the U.S. and U.K. Overtake Gulf Nations The latest Reserve Bank of India (RBI) bulletin has revealed a significant shift in remittance patterns. The U.S. and U.K. have now become the top sources of remittances to India, surpassing the Gulf nations, which have historically dominated this sector. This development highlights changing economic and…
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