Indian Banking Reforms Update: The government and RBI are implementing major banking sector reforms to strengthen public sector banks, enhance lending capacity, support infrastructure growth, and boost financial inclusion. Bold Banking Reform Agenda to Reshape India’s Banking Sector The government of India is stepping into a new phase of banking sector reform, as Nirmala Sitharaman…
PSU Banks Quarterly Profit Report: Public sector banks in India recorded a combined profit of ₹49,456 crore in Q2 FY26. Learn about SBI’s contribution, IOB’s high growth, sector trends and key banking current affairs for competitive exam preparation. PSU Banks Clock ₹49,456 Crore Profit in Q2 FY26 India’s public sector banks (PSBs) delivered another strong…
SBI-STAR Awards launched to recognise SBI employee talents in arts, sports, culture and social work. Learn selection process, significance and key highlights for competitive exam preparation. SBI Launches ‘SBI-STAR’ Awards to Honour Employee Talents The State Bank of India (SBI) has announced the launch of a new recognition scheme titled “SBI-STAR” (Staff Talent Acknowledgement &…
New Banking Nomination Rules 2025 allow up to four nominees for bank accounts, lockers, and safe custody items from November 1. Learn about types of nominations, claim settlement, and legal benefits. 🏦 New Banking Nomination Rules Effective from November 1, 2025 Introduction Starting November 1, 2025, India will implement significant changes to its banking nomination…
Asheesh Pandey Union Bank CEO and Kalyan Kumar Central Bank India appointed as MD & CEOs for three years, strengthening public sector bank leadership and digital banking initiatives. Government Appoints Asheesh Pandey and Kalyan Kumar as MD & CEOs of Union Bank and Central Bank of India In a significant move to strengthen leadership within…
PM Jan Dhan Yojana 2025 updates – Over 54.58 crore accounts opened, 55.7% held by women. Learn about financial inclusion, DBT benefits, and exam-relevant insights. “PM Jan Dhan Yojana: A Decade of Financial Inclusion and Empowerment” Establishing Financial Foundations – PMJDY’s Journey So Far Launched on 28 August 2014, the Pradhan Mantri Jan Dhan Yojana…
RBI announces three major steps to enhance banking convenience and financial inclusion, including doorstep re-KYC camps, standardized claims, and upgraded Retail Direct platform. RBI Unveils Three Major Measures to Enhance Customer Convenience and Financial Inclusion Introduction On August 6, 2025, the Reserve Bank of India (RBI) announced three significant initiatives aimed at simplifying banking processes…
RBI data quality index March 2025 reveals improved supervisory reporting by Indian banks. Learn sDQI scores, top-performing banks, and key exam takeaways. RBI’s Supervisory Data Quality Index Rises in March 2025 What is the Supervisory Data Quality Index? The Reserve Bank of India (RBI) developed the Supervisory Data Quality Index (sDQI) to assess the quality…
Karnataka Banks Triumph at IBA Banking Technology Awards Introduction: Karnataka Banks Shine at IBA Banking Technology AwardsIn a significant achievement, Karnataka’s banks have garnered accolades at the prestigious IBA (Indian Banks’ Association) Banking Technology Awards. This recognition highlights the growing importance of technological innovation within the banking sector, especially in the state of Karnataka. The…
RBI Approves Merger of National and Cosmos Co-operative Banks Introduction: RBI’s Approval for Bank MergerThe Reserve Bank of India (RBI) has granted approval for the merger of the National Co-operative Bank and Cosmos Co-operative Bank. This approval marks a significant step in India’s banking sector, as it aims to create a stronger and more resilient…
