Current Affairs - Banking
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Exercise : Banking - Latest Current Affairs
- Banking - Latest Current Affairs
1.
What is the revised minimum daily Cash Reserve Ratio (CRR) maintenance requirement for banks announced by the RBI from October 16, 2026?
Answer: Option
Explanation:
99% is the revised minimum daily CRR maintenance requirement for scheduled banks, increased from the earlier 90%, effective from the reporting fortnight beginning October 16, 2026. The Reserve Bank of India (RBI) has reportedly introduced this change to manage excess liquidity in the banking system, estimated at approximately ₹3.88 lakh crore on October 8, 2026. The revision is expected to absorb an additional ₹1 lakh crore from the banking system. However, the overall CRR remains unchanged at 3% of banks’ Net Demand and Time Liabilities (NDTL). The higher daily maintenance requirement reduces banks’ flexibility to maintain lower reserve balances on individual days.
Date : 2026-10-10
2.
Which bank was removed by the Reserve Bank of India from the list of scheduled banks after its banking licence was cancelled?
Answer: Option
Explanation:
Paytm Payments Bank Limited (PPBL) was removed from the list of scheduled banks by the Reserve Bank of India (RBI) following the cancellation of its banking licence due to regulatory non-compliance. The bank was excluded from the Second Schedule of the Reserve Bank of India Act, 1934, which contains the list of scheduled banks. The RBI cancelled its banking licence in April 2026, citing concerns about the bank’s operations and their impact on the interests of depositors. Earlier, the bank had faced restrictions on onboarding new customers and accepting deposits, credits and wallet top-ups. The exclusion was a follow-up regulatory action after the licence cancellation.
Date : 2026-10-08
3.
Which public sector bank became the second PSB in India to enter the pension fund business after receiving PFRDA approval?
Answer: Option
Explanation:
Bank of Baroda became the second Public Sector Bank in India to enter the pension fund business after State Bank of India. It received a Certificate of Appointment as Sponsor of a Pension Fund from the Pension Fund Regulatory and Development Authority (PFRDA) under Section 27 of the PFRDA Act, 2013. Bank of Baroda established BoB Pension Fund Management Company Limited, with Bank of Baroda holding an 80.10% stake and Baroda BNP Asset Management Company holding 19.90%. The bank has also integrated Tatkal NPS with the BHIM App to make NPS account opening faster, paperless and digitally accessible.
Date : 2026-10-06
4.
Which bank launched a dedicated Global Capability Centre (GCC) Banking vertical in September 2026?
Answer: Option
Explanation:
IndusInd Bank launched a dedicated Global Capability Centre (GCC) Banking vertical on September 30, 2026, to provide integrated financial services to international organisations operating in India. The vertical offers digital banking, employee banking, commercial card solutions, capital account services, and FEMA-related solutions. It also provides foreign-currency accounts managed through the bank’s International Banking Unit. The specialised services are facilitated through GIFT City in Gujarat. Established in 1994, IndusInd Bank is headquartered in Mumbai, Maharashtra, and is one of India’s leading private sector banks. The initiative strengthens its ability to serve global organisations with specialised banking and financial solutions.
Date : 2026-10-04
5.
Which bank became live with user-level programmable digital rupee (e₹) functionality on its CBDC platform in October 2026?
Answer: Option
Explanation:
Bank of India became live with user-level programmable digital rupee (e₹) functionality and auto-issuance capability on its Central Bank Digital Currency (CBDC) platform on October 1, 2026. The platform was developed by Montran India in compliance with RBI and NPCI guidelines. The functionality enables automatic transfers of e₹ to a beneficiary’s CBDC wallet at fixed amounts and frequencies. It also supports purpose-based controls that remain attached to the money and restrict how recipients can spend it. Established in 1906 and headquartered in Mumbai, Bank of India was nationalised in July 1969.
Date : 2026-10-04
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