Current Affairs - Finance

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Exercise : Finance - Latest Current Affairs
  • Finance - Latest Current Affairs
1.
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.

2.
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.

3.
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.

4.
Which financial institution’s Mauritius-based unit had its trading ban lifted by SEBI?
Goldman Sachs
Morgan Stanley
HSBC
JPMorgan
Answer: Option
Explanation:
JPMorgan’s Mauritius-based unit, Copthall Mauritius Investment Ltd, had its trading ban lifted by the Securities and Exchange Board of India (SEBI) after depositing ₹2.96 crore in compliance with the regulator’s interim order. SEBI had alleged that Copthall and Mansi Share and Stock Broking engaged in manipulative trading activity related to the closing auction of the BSE Sensex. The alleged activity was intended to influence the indicative equilibrium price and benefit from benchmark-based options. Although the restrictions were removed and the entities could resume trading in India, SEBI’s investigation continues. Copthall Mauritius Investment Ltd is a Mauritius-registered company and is distinct from J.P. Morgan India Pvt. Ltd.

5.
What maximum stake has the Reserve Bank of India approved LIC to acquire in ICICI Bank?
7.99%
9.99%
11.99%
14.99%
Answer: Option
Explanation:
9.99% is the maximum aggregate stake that the Reserve Bank of India (RBI) has approved for the Life Insurance Corporation of India (LIC) to acquire in ICICI Bank. The approval allows LIC to purchase up to 9.99% of ICICI Bank’s paid-up share capital or voting rights, subject to applicable regulatory conditions. The clearance, issued on September 4, 2026, remains valid for one year. However, the approval itself does not mean LIC has already acquired the additional shares. LIC must act on the permission within the specified validity period.