Current Affairs - Finance

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Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
1.
Which organisation is the parent institution of NABKISAN Finance Limited, which listed India’s first WASH-focused social bond?
SIDBI
SEBI
NABARD
RBI
Answer: Option
Explanation:
NABARD, or the National Bank for Agriculture and Rural Development, is the parent institution of NABKISAN Finance Limited. NABKISAN, a subsidiary of NABARD, listed India’s first social bond dedicated exclusively to the Water, Sanitation and Hygiene (WASH) sector on the National Stock Exchange in Mumbai on 2 October 2026. The bond raised ₹180 crore with a five-year tenure and an 8.10% coupon rate. The funds will support projects providing safe drinking water, sanitation facilities and hygiene services, particularly in rural and underserved communities, contributing to improved public health and quality of life.

2.
Which fintech company secured in-principle approval for two payment licenses from the Central Bank of the UAE?
PhonePe
Paytm
Razorpay
BharatPe
Answer: Option
Explanation:
PhonePe secured in-principle approval for two key payment licenses from the Central Bank of the UAE on September 23, 2026. The licenses are Retail Payment Services and Card Schemes (RPSCS) and Stored Value Facilities (SVF). These approvals will enable PhonePe to support the UAE’s domestic payment systems, including Aani, which is comparable to India’s UPI, and Jaywan, the UAE’s domestic card scheme equivalent to RuPay. The company plans to deploy digital wallets, gift cards and e-payment acceptance infrastructure for local merchants. This marks PhonePe’s first international market entry and expands its existing UPI payment services for Indian travellers in the UAE.

3.
Which organisation is set to launch India’s maiden blue bond?
SBI Capital Markets
LIC Housing Finance
Sagarmala Finance
National Highways Authority of India
Answer: Option
Explanation:
Sagarmala Finance is set to launch India’s maiden blue bond issue on September 28, 2026. Sagarmala Finance Corporation plans to raise ₹600 crore through 10-year bonds, with an additional ₹500 crore available through the greenshoe option. The funds will be used to support maritime-sector projects, including greenfield port facilities and coastal road networks. Blue bonds are financial instruments designed to finance projects connected with the sustainability and preservation of marine and water resources. The issue has received an AA+ rating from ICRA and CARE, while SBI Capital Markets will act as the arranger for the bond issuance.

4.
Which transaction value limit has been specified as charge-free for UPI payments?
₹500
₹1,000
₹1,500
₹2,000
Answer: Option
Explanation:
₹2,000 is the transaction value limit up to which UPI payments have been specified as charge-free by the government. Banks and payment system providers cannot charge customers for initiating or receiving UPI transactions up to this amount. The same exemption applies to RuPay debit card transactions up to ₹2,000. The clarification was issued amid discussions surrounding amendments to the Payment and Settlement Systems Act, 2007. The measure aims to ensure that consumers and small businesses can continue using digital payments for small-value transactions without additional charges. P2P UPI transactions also remain free for users.

5.
Which company was fined ₹1 crore by IRDAI for outsourcing and vendor management lapses?
HDFC ERGO General Insurance
Bajaj Allianz General Insurance
New India Assurance
ICICI Lombard
Answer: Option
Explanation:
ICICI Lombard was fined ₹1 crore by the Insurance Regulatory and Development Authority of India (IRDAI) for regulatory non-compliance related to outsourcing practices, vendor management, and corporate governance. The lapses were identified during an IRDAI inspection covering the company’s operations in 2019. The insurer failed to properly classify and report event management services involving agents of other insurers as outsourced activities. During FY19, ICICI Lombard had spent ₹709.57 crore under sales, marketing and business support, including around ₹35-37 crore paid to agents of other insurers without proper documentation or classification in its Outsourcing Returns.