Current Affairs - Finance
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Exercise : Finance - Latest Current Affairs
- Finance - Latest Current Affairs
1.
Which digital lending platform received NPCI's Third-Party Application Provider (TPAP) approval to launch UPI services on its application?
Answer: Option
Explanation:
Fibe received Third-Party Application Provider (TPAP) approval from the National Payments Corporation of India (NPCI) and launched UPI services on its application on 5th November 2026. The approval allows Fibe to facilitate UPI transactions in partnership with Payment Service Provider (PSP) banks. The service is available to all consumers across India, including individuals who are not existing borrowers of the platform. Users can link their bank accounts, use RuPay credit cards for transactions and connect eligible credit lines to UPI. Fibe was established in 2015 under the name EarlySalary and was rebranded in 2022. Its headquarters is in Pune, Maharashtra.
Date : 2026-11-08
2.
Through which platform is Canara HSBC Life Insurance offering its USD-denominated Global Wealth Plan launched in October 2026?
Answer: Option
Explanation:
Policybazaar is the digital insurance brokerage platform through which Canara HSBC Life Insurance offers its USD-denominated Global Wealth Plan, launched in October 2026. The plan is designed for Non-Resident Indian (NRI) customers and is distributed through GIFT City, India's International Financial Services Centre. It is a unit-linked insurance plan (ULIP) that provides investment opportunities in global equities, debt funds, gold, and silver, with premiums and benefits processed in US dollars. The product offers three variants: Wealth, Wealth Plus, and Wealth Forever. It also features zero allocation and administration charges, along with loyalty additions and maturity boosters, depending on the selected variant.
Date : 2026-10-25
3.
Which financial corporation received the RBI’s No-Objection Certificate for its proposed merger with Power Finance Corporation Limited?
Answer: Option
Explanation:
REC Limited received a No-Objection Certificate (NOC) from the Reserve Bank of India (RBI) on October 16, 2026, for its proposed merger with Power Finance Corporation Limited (PFC). The proposed transaction involves the merger of REC Limited into PFC under Sections 230–232 of the Companies Act, 2013. REC Limited is a government-owned financial corporation that provides funding for power sector infrastructure, including electricity generation, transmission and distribution. The RBI’s NOC represents an important regulatory milestone, but it does not mean the merger is complete. Further legal, statutory and regulatory requirements must be fulfilled before the merger can be finalized.
Date : 2026-10-17
4.
Which organisation is the parent institution of NABKISAN Finance Limited, which listed India’s first WASH-focused social bond?
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.
Date : 2026-10-06
5.
Which fintech company secured in-principle approval for two payment licenses from the Central Bank of the UAE?
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.
Date : 2026-09-25
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