SBI solar rooftop scheme aims to solarize 4 million Indian homes by FY27, boosting India’s Net-Zero mission with renewable energy, rural upliftment, and green finance. SBI to Solarize 4 Million Indian Homes by 2027 SBI’s Big Green Push The State Bank of India (SBI), the nation’s largest public sector bank, announced a bold “Solar Rooftop…
NACH 3.0 by NPCI introduces faster and more secure recurring transactions like salary credits, EMIs, and SIPs. Learn its key features, benefits, and exam-relevant details. NPCI Launches NACH 3.0 to Enable Faster Salary, EMI, and SIP Transactions The National Payments Corporation of India (NPCI) has begun rolling out NACH 3.0, a significant upgrade to the National Automated…
Revised PSL Norms 2025 – RBI lowers priority sector lending target for Small Finance Banks from 75% to 60% effective FY 2025–26. Know the impact, history, and exam-relevant facts. RBI Slashes Priority Sector Lending Norms for Small Finance Banks in FY 2025–26 The Reserve Bank of India (RBI) has announced significant changes to the Priority…
Jio Payments Bank acquisition finalized as Jio Financial becomes the sole owner by purchasing SBI’s 17.8% stake, marking a major move in India’s digital banking sector. Jio Financial Becomes Sole Owner of Jio Payments Bank Acquisition Details and Strategic Implications On June 18, 2025, Jio Financial Services Ltd. (JFSL) acquired the remaining 17.8% stake in…
SBI Cards MAD update from July 2025 revises the Minimum Amount Due formula. Understand how this impacts your credit card repayment and exam preparation. Introduction: SBI Cards Raises MAD from July 15, 2025 SBI Cards, a major player in India’s credit card domain, will introduce a revised Minimum Amount Due (MAD) formula starting July 15,…
French banks in GIFT City mark a major step in India’s journey to become a global financial hub. Learn about IFSC banking units and their role in India’s international finance landscape. Modernizing India’s Finance HubIndia’s GIFT City in Gujarat is rapidly ascending as a global financial destination. Leading French banks—Natixis and Crédit Agricole—have secured approvals…
