Bankers Books Evidence Bill 2026 replaces the 1891 Act and recognises digital banking records, modernising the legal framework for banking evidence in India. Parliament Approves New Banking Evidence Law The Parliament of India has passed the Bankers’ Books Evidence Bill, 2026, marking an important step towards modernising the legal framework governing the use of banking…
Government debt to GDP ratio reached 58.2% in FY26. Know the key facts, fiscal deficit, fiscal consolidation, FRBM framework and important exam points for UPSC, PCS, SSC and banking exams. Government Debt-to-GDP Ratio in FY26 The Government of India’s debt-to-GDP ratio stood at 58.2% in FY26, according to information presented by the Ministry of Finance….
Bank in a Box UCBs launched by Amit Shah to modernise Urban Cooperative Banks with shared technology, cybersecurity, digital banking and regulatory support. Bank in a Box Initiative to Modernise Urban Cooperative Banking Union Home Minister and Minister of Cooperation Amit Shah launched ‘Bank in a Box’ and a dedicated Security Operations Centre (SOC) for…
UPI charges for consumers will not apply as P2P payments remain free, while any future MDR may target limited merchant transactions. Know key facts for government exams. UPI Payments to Consumers Will Remain Free The Government of India has clarified that ordinary consumers will not have to pay charges for UPI transactions. The clarification comes…
RBI loan recovery rules 2027 will introduce new norms from January 2027 covering recovery agents, borrower protection, calling hours, privacy and technology-based recovery practices. RBI Introduces New Framework for Loan Recovery The Reserve Bank of India (RBI) has revised the framework governing loan recovery practices, with the new norms scheduled to take effect from 1…
RBI upper layer NBFC list for FY2026–27 has 17 entities, with REC, PFC, IRFC and HUDCO added. Check key facts, framework and exam points. RBI Announces New Upper Layer NBFC List for FY2026–27 The Reserve Bank of India (RBI) has expanded the list of Non-Banking Financial Companies classified under the Upper Layer (NBFC-UL) to 17…
RBI polymer banknotes FY28 plan explained with features, benefits, security advantages, expected rollout timeline, and important facts for UPSC, Banking, SSC, Railways and other government exams. RBI’s New Initiative to Modernise Indian Currency System The Reserve Bank of India (RBI) is preparing to introduce polymer banknotes in India from the beginning of the financial year…
UPI MDR Charges Latest Update: Learn about the government proposal on Merchant Discount Rate for select UPI payments, its impact on digital payments, banking sector, and competitive exam preparation. Government Exam Current Affairs: Proposal to Change UPI Payment Framework The Government of India is considering a major policy change related to the Unified Payments Interface…
Bankers Books Evidence Bill 2026 aims to modernise banking laws by recognising electronic banking records as legal evidence. Know key changes, importance, historical background and exam-focused points for UPSC, Banking, SSC and other government exams. Government Introduces New Law to Modernise Banking Evidence Framework The Bankers’ Books Evidence Bill, 2026 is an important legislative reform…
RBI Executive Director Monisha Chakraborty Appointment 2026 highlights her new role, responsibilities, RBI departments handled, career background, and important facts for UPSC, Banking, RBI Grade B and other government exams. RBI Elevates Senior Banker to Executive Director The Reserve Bank of India (RBI) has appointed Monisha Chakraborty as its new Executive Director (ED) with effect…
