Banking & Finance Affairs: January to May 2026
Month-wise rewritten notes for banking & finance affairs from 1 January to 2 May 2026.
Banking & Finance Affairs: January to May 2026
RBI, SEBI, NBFCs, banks, digital payments, market regulation and financial products.
What to Focus On
Focus on the regulator, the rule/product change, effective date, and affected institution.
January 2026
SEBI Mandates NISM Certification for AIF Compliance Officers from January 2027
Full update: The Securities and Exchange Board of India (SEBI) made it mandatory that compliance officers of Alternative Investment Fund (AIF) managers have to obtain certification from the National Institute of Securities Markets (NISM) by passing the NISM Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination, effective from January 1, 2027.
Quick recall:
- Month of update: January 2026.
- Update/topic: SEBI Mandates NISM Certification for AIF Compliance Officers from January 2027.
- Key institutions/entities: SEBI, NISM, AIF, III-C.
- Important figures/dates: 2027.
- Effective timeline: from January 2027.
Ashika Group Receives In-Principle Approval from SEBI to Launch MF
Full update: Ashika Group received in-principle approval from SEBI (Securities and Exchange Board of India) on December 31, 2025 to act as sponsor and establish Ashika Mutual Fund(MF), enabling it to form an Asset Management Company (AMC) and prepare scheme launches subject to final registration.
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Banking & Finance Affairs: January to May 2026
RBI, SEBI, NBFCs, banks, digital payments, market regulation and financial products.
What to Focus On
Focus on the regulator, the rule/product change, effective date, and affected institution.
January 2026
SEBI Mandates NISM Certification for AIF Compliance Officers from January 2027
Full update: The Securities and Exchange Board of India (SEBI) made it mandatory that compliance officers of Alternative Investment Fund (AIF) managers have to obtain certification from the National Institute of Securities Markets (NISM) by passing the NISM Series-III-C: Securities Intermediaries Compliance (Fund) Certification Examination, effective from January 1, 2027.
Quick recall:
- Month of update: January 2026.
- Update/topic: SEBI Mandates NISM Certification for AIF Compliance Officers from January 2027.
- Key institutions/entities: SEBI, NISM, AIF, III-C.
- Important figures/dates: 2027.
- Effective timeline: from January 2027.
Ashika Group Receives In-Principle Approval from SEBI to Launch MF
Full update: Ashika Group received in-principle approval from SEBI (Securities and Exchange Board of India) on December 31, 2025 to act as sponsor and establish Ashika Mutual Fund(MF), enabling it to form an Asset Management Company (AMC) and prepare scheme launches subject to final registration.
Quick recall:
- Month of update: January 2026.
- Update/topic: Ashika Group Receives In-Principle Approval from SEBI to Launch MF.
- Key institutions/entities: SEBI, MF, AMC.
- Important figures/dates: 31, 2025.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
- Remember the exact name of the scheme, framework, regulation or direction.
India’s Maritime NBFC, SMFCL Commences Lending Operations and Sanctions Loans Worth
Full update: Involving Rs 4,300 Crore, December 2025, Sagarmala Finance Corporation Limited (SMFCL), India’s first Non-Banking Financial Company (NBFC) focused on maritime financing, started lending operations and sanctioned loans of about Rs 4,300 crore during its 51st Board Meeting.
Quick recall:
- Month of update: January 2026.
- Update/topic: India’s Maritime NBFC, SMFCL Commences Lending Operations and Sanctions Loans Worth.
- Key institutions/entities: NBFC, SMFCL.
- Important figures/dates: Rs 4,300 Crore, 2025, Rs 4,300 crore, 51.
RBI Issues Guidelines on Risk Weighting Framework for Exposure of NBFC to Infrastructure Loans
Full update: The Reserve Bank of India (RBI) issued the final guidelines relaxing the risk-weight norms for Non-Banking Financial Companies (NBFC) involved in the infrastructure financing.
Quick recall:
- Month of update: January 2026.
- Update/topic: RBI Issues Guidelines on Risk Weighting Framework for Exposure of NBFC to Infrastructure Loans.
- Key institutions/entities: RBI, NBFC.
- Remember the exact name of the scheme, framework, regulation or direction.
ICICI Bank Launches CGAS for Tax-Exempt Deposits
Full update: From 1 January 2026 On January 1, 2026, ICICI Bank Limited launched the Capital Gains Account Scheme (CGAS), 1988, under the Income Tax (IT) Act, 1961, allowing taxpayers to deposit un-invested long-term capital gains from specified assets, earn interest, and avail tax exemptions for up to three years, effective from 1 January 2026.
Quick recall:
- Month of update: January 2026.
- Update/topic: ICICI Bank Launches CGAS for Tax-Exempt Deposits.
- Key institutions/entities: ICICI, CGAS, IT.
- Important figures/dates: 2026, 1988, 1961.
- Effective timeline: effective from 1 January 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
SEBI Gets Phased Capital, Revenue and Compliance Timelines for Merchant Bankers
Full update: The Securities and Exchange Board of India (SEBI) notified phased rollout of a revised net worth requirement for existing Merchant Bankers (MBs) including higher capital adequacy, liquid net worth, underwriting limits, among others.
Quick recall:
- Month of update: January 2026.
- Update/topic: SEBI Gets Phased Capital, Revenue and Compliance Timelines for Merchant Bankers.
- Key institutions/entities: SEBI.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
TMB Partners with Tech-Fini to Bolster UPI Infrastructure
Full update: Tamilnad Mercantile Bank (TMB), a private sector bank, has entered into a strategic partnership with TechFini, a Unified Payments Interface (UPI) infrastructure and fintech solution provider, to strengthen its UPI acquiring and issuing capabilities.
Quick recall:
- Month of update: January 2026.
- Update/topic: TMB Partners with Tech-Fini to Bolster UPI Infrastructure.
- Key institutions/entities: TMB, UPI.
- Remember the counterparties and the purpose of the agreement or partnership.
FSS Becomes First Payments Company in India, ME, APAC, SA to Receive ISO/IEC 42001 Certification
Full update: Financial Software and Systems (FSS), a payment solutions and transaction processing company, has become the first payments company in India, the Middle East (ME), Asia-Pacific (APAC), and South Africa (SA) to earn the International Organization for Standardization (ISO)/ International Electrotechnical Commission (IEC) 42001 (ISO/IEC 42001) Certification.
Quick recall:
- Month of update: January 2026.
- Update/topic: FSS Becomes First Payments Company in India, ME, APAC, SA to Receive ISO/IEC 42001 Certification.
- Key institutions/entities: FSS, ME, APAC, SA, ISO/IEC.
- Important figures/dates: 42001.
- Remember the exact name of the scheme, framework, regulation or direction.
IDFC FIRST Bank Launches ‘Zero-Forex Diamond Reserve Credit Card’
Full update: IDFC FIRST Bank, an Indian private sector bank, launched the ‘Zero-Forex Diamond Reserve Credit Card’, a premium offering for frequent international travelers that provides zero foreign exchange(Forex) markup along with travel and lifestyle rewards.
Quick recall:
- Month of update: January 2026.
- Update/topic: IDFC FIRST Bank Launches ‘Zero-Forex Diamond Reserve Credit Card’.
- Key institutions/entities: IDFC, FIRST.
Federal Bank Unveils Refreshed Brand Entity ‘The Fortuna Wave’
Full update: Federal Bank Limited, an Indian private sector bank, launched ‘The Fortuna Wave’, a refreshed brand identity, as part of a strategic brand refresh to signal modernization and future-readiness, in Mumbai (Maharashtra) in the presence of Vidya Balan, brand ambassador of the bank.
Quick recall:
- Month of update: January 2026.
- Update/topic: Federal Bank Unveils Refreshed Brand Entity ‘The Fortuna Wave’.
HDFC Bank Integrates Digital Rupee CBDC into
Full update: In January 2026, HDFC Bank integrated the Reserve Bank of India’s (RBI) Central Bank Digital Currency (CBDC), the Digital Rupee (e₹), into its online merchant payment platform, SmartGateway.
Quick recall:
- Month of update: January 2026.
- Update/topic: HDFC Bank Integrates Digital Rupee CBDC into.
- Key institutions/entities: HDFC, CBDC, RBI.
- Important figures/dates: 2026.
Karnataka Bank Enables Khajane-2 e-Receipts Via Net Banking
Full update: Karnataka Bank Limited has enabled its net banking platform to support payment and receipt of electronic receipts (e-receipts) for government transactions through the Government of Karnataka’s Khajane‑2 system.
Quick recall:
- Month of update: January 2026.
- Update/topic: Karnataka Bank Enables Khajane-2 e-Receipts Via Net Banking.
Piramal Finance Secures USD 350 Million from IFC and ADB
Full update: Piram al Finance Limited, a diversified Non-Banking Financial Company (NBFC), secured USD 350 million in multilateral funding from the International Finance Corporation (IFC) and the Asian Development Bank (ADB), marking its first borrowing from Development Finance Institutions (DFIs).
Quick recall:
- Month of update: January 2026.
- Update/topic: Piramal Finance Secures USD 350 Million from IFC and ADB.
- Key institutions/entities: USD, IFC, ADB, NBFC.
- Important figures/dates: USD 350 Million, USD 350 million.
RBI Issues ‘ Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2026 ’ to Simplify Complaint Resolution
Full update: The Reserve Bank of India (RBI) issued the Reserve Bank – Integrated Ombudsman Scheme (RB-IOS) 2026, a revised grievance‑redress framework designed to simplify complaint resolution for customers against banks and other finance institutions.
Quick recall:
- Month of update: January 2026.
- Update/topic: RBI Issues ‘ Reserve Bank – Integrated Ombudsman Scheme (RB-IOS), 2026 ’ to Simplify Complaint Resolution.
- Key institutions/entities: RBI, RB-IOS.
- Important figures/dates: 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
IGGEFIL Sanctions First International Green Loan for Zambia Solar Project
Full update: IREDA Global Green Energy Finance IFSC Limited (IGGEFIL), a wholly-owned subsidiary of Indian Renewable Energy Development Agency Limited (IREDA), sanctioned its first international green energy loan of USD 22.5 million to Swarna Solar Limited (SSL) for developing a 100 Megawatt (MW) Photovoltaic (PV) Solar Power Project in Serenje District, Central Province of Zambia.
Quick recall:
- Month of update: January 2026.
- Update/topic: IGGEFIL Sanctions First International Green Loan for Zambia Solar Project.
- Key institutions/entities: IGGEFIL, IREDA, IFSC, USD, SSL.
- Important figures/dates: USD 22.5 million, 100.
SBI Life Launches ‘Smart Platina Advantage’ Guaranteed Savings Plan
Full update: SBI Life Insurance launched ‘SBI Life – Smart Platina Advantage’, an individual, non-linked, non-participating life insurance savings plan offering long-term guaranteed benefits and life insurance protection to support financial goals across life stages, such as children’s education, retirement, and wealth creation.
Quick recall:
- Month of update: January 2026.
- Update/topic: SBI Life Launches ‘Smart Platina Advantage’ Guaranteed Savings Plan.
- Key institutions/entities: SBI.
Canara Bank Partners with NBSL to Integrate UPI into its Payment App Canara
Full update: In January 2026, Canara Bank has partnered with NPCI BHIM(Bharat Interface for Money) Services Limited (NBSL), a wholly owned subsidiary of the National Payments Corporation of India (NPCI), to integrate Unified Payments Interface (UPI) technology into its banking payments application(app), Canara ai1Pe.
Quick recall:
- Month of update: January 2026.
- Update/topic: Canara Bank Partners with NBSL to Integrate UPI into its Payment App Canara.
- Key institutions/entities: NBSL, UPI, NPCI, BHIM.
- Important figures/dates: 2026.
RBI Grants In-Principle Approval to
Full update: In January 2026, the Reserve Bank of India (RBI) gave in-principle approval to Payoneer India Private Limited, a subsidiary of United States of America(USA)-based Payoneer Global, to operate as a Payment Aggregator – Cross Border (PA-CB), enabling it to facilitate cross-border payment transactions for Indian importers and exporters.
Quick recall:
- Month of update: January 2026.
- Update/topic: RBI Grants In-Principle Approval to.
- Key institutions/entities: RBI, USA, PA-CB.
- Important figures/dates: 2026.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
RBI Issues Guidelines on Interest Subvention for Export C
Full update: In January 2026, the Reserve Bank of India (RBI) issued operational guidelines for extending interest subvention on pre and post-shipment export credit under the Export Promotion Mission (EPM) – NIRYAT PROT SAHAN (1st Component). NIRYAT PROT SAHAN – Interest Subvention Component Objective: To facilitate improved access to pre- and post-shipment rupee export credit for Micro, Small and Medium Enterprises (MSMEs) exporters by reducing the cost of such credit. Eligible Institutions: The RBI has directed all All Scheduled Commercial Banks (SCB) (excluding Regional Rural Banks (RRBs)), Primary (Urban) Co-operative Banks (UCB), State Co-operative Banks (StCB), All-India Financial Institutions (AIFI) to extend the benefit strictly to eligible exporters.
Quick recall:
- Month of update: January 2026.
- Update/topic: RBI Issues Guidelines on Interest Subvention for Export C.
- Key institutions/entities: RBI, EPM, NIRYAT, PROT, SAHAN.
- Important figures/dates: 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
RBI Notifies New FEMA Rules for Exports and Imports to Take Effect from October 01, 2026
Full update: The Reserve Bank of India (RBI) issued the ‘Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026’ under the Foreign Exchange Management Act, 1999 (FEMA), introducing uniform timelines and enhanced monitoring requirements for trade‑related foreign exchange transactions.
Quick recall:
- Month of update: January 2026.
- Update/topic: RBI Notifies New FEMA Rules for Exports and Imports to Take Effect from October 01, 2026.
- Key institutions/entities: RBI, FEMA.
- Important figures/dates: 01, 2026, 1999.
- Effective timeline: from October 01, 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
RXIL Becomes India’s First TReDS Platform to Declare Interim Dividend
Full update: Receivables Exchange of India Limited (RXIL), a Trade Receivables Discounting System (TReDS) platform, has declared and paid an interim dividend of 21.6% on the face value of its shares.
Quick recall:
- Month of update: January 2026.
- Update/topic: RXIL Becomes India’s First TReDS Platform to Declare Interim Dividend.
- Key institutions/entities: RXIL.
- Important figures/dates: 21.6%.
RBI Approves Punjab & Sind Bank to Open Branch in GIFT City, Gujarat
Full update: Punjab and Sind Bank, a Public Sector Bank(PSB) in India, received approval from the Reserve Bank of India (RBI) to open a branch at the International Financial Services Centre (IFSC) in Gujarat International Finance-Tec (GIFT) City in Gandhinagar, Gujarat. About IFSC GIFT City Branch: Framework: The GIFT City branch will operate under the IFSC framework, designed for cross-border financial services and international banking. Foreign Currency Lending: With this new branch, Punjab & Sind Bank aims to strengthen foreign currency lending, expand trade finance and treasury operations, and provide enhanced international banking services to corporate and institutional clients.
Quick recall:
- Month of update: January 2026.
- Update/topic: RBI Approves Punjab & Sind Bank to Open Branch in GIFT City, Gujarat.
- Key institutions/entities: RBI, GIFT, PSB, IFSC.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
- Remember the exact name of the scheme, framework, regulation or direction.
Slice Introduces India’s First UPI-Centric Digital Banking Ecosystem
Full update: Slice Small Finance Bank (Slice SFB) introduced three financial products such as Digital Savings Account linked to the Repurchase Agreement (Repo) rate, UPI-Integrated credit card, and digital Fixed Deposits (FDs). Financial Products Launched: Digital Savings Bank Account: Launch: Slice launched India’s first savings account linked to 100% of the Repo rate of Reserve Bank of India (RBI). Interest: The interest is calculated and credited daily, enabling money to grow in real time, setting a new benchmark for modern savings accounts by aligning profitability with fairness.
Quick recall:
- Month of update: January 2026.
- Update/topic: Slice Introduces India’s First UPI-Centric Digital Banking Ecosystem.
- Key institutions/entities: UPI-, SFB, RBI, UPI.
- Important figures/dates: 100%.
- Remember the counterparties and the purpose of the agreement or partnership.
February 2026
India Partners with World Bank on USD 8-10 Billion-a-year Plan to Boost Jobs and Growth
Full update: The Government of India (GoI) and the World Bank Group (WBG) announced a new Country Partnership Framework (CPF), aimed at accelerating job creation across both urban and rural areas of the country with USD 8-10 billion in annual financing over the next 5 years.
Quick recall:
- Month of update: February 2026.
- Update/topic: India Partners with World Bank on USD 8-10 Billion-a-year Plan to Boost Jobs and Growth.
- Key institutions/entities: USD, WBG, CPF.
- Important figures/dates: USD 8, 10 Billion, 10 billion, 5 years.
- Remember the exact name of the scheme, framework, regulation or direction.
- Remember the counterparties and the purpose of the agreement or partnership.
SBI Strengthened its Trade Finance and Global Banking Operations, with the launch of GTFC in Kolkata
Full update: India’s largest Public Sector Bank (PSB), State Bank of India (SBI), bolstered its trade finance and global banking operations with the launch of a Global Trade Finance Centre (GTFC) in Kolkata, West Bengal (WB).
Quick recall:
- Month of update: February 2026.
- Update/topic: SBI Strengthened its Trade Finance and Global Banking Operations, with the launch of GTFC in Kolkata.
- Key institutions/entities: SBI, GTFC, PSB, WB.
Central Bank of India Partners with HSBC Asset Management to Offer MF Solutions
Full update: The Central Bank of India (CBI), one of India’s leading Public Sector Banks (PSBs), has signed a distribution agreement with HSBC Asset Management (India) Private Limited to offer the Asset Management Company (AMC)’s Mutual Fund (MF) products to its customers.
Quick recall:
- Month of update: February 2026.
- Update/topic: Central Bank of India Partners with HSBC Asset Management to Offer MF Solutions.
- Key institutions/entities: HSBC, MF, CBI, AMC.
- Remember the counterparties and the purpose of the agreement or partnership.
SBI Launches ‘CHAKRA’ to Invest Rs 100 Trillion in Sun Rise Sectors over
Full update: Next 5 Years In January 2026, the State Bank of India (SBI), India’s largest Public Sector Bank (PSB), launched CHAKRA, a dedicated Centre of Excellence (CoE) for financing sunrise sectors that are crucial to India’s economic development.
Quick recall:
- Month of update: February 2026.
- Update/topic: SBI Launches ‘CHAKRA’ to Invest Rs 100 Trillion in Sun Rise Sectors over.
- Key institutions/entities: SBI, CHAKRA, PSB.
- Important figures/dates: Rs 100 Trillion, 5 Years, 2026.
PNB Launches ‘LUXURA Metal Credit Card’ on Visa Infinite Platform
Full update: Punjab National Bank (PNB), one of India’s leading public sector banks, launched ‘LUXURA Metal Credit Card’ on the Visa Infinite platform, expanding its premium credit offerings for high-net-worth and lifestyle-driven customers. About LUXURA Metal Card: Fee Structure : The card carries a Joining Fee of Rs.4,999 plus Goods and Services Tax(GST) and an Annual Fee of Rs.1,999 plus GST. Rewards : It includes accelerated reward points on purchases, with boosted earning on travel and lifestyle spending, welcome bonus points, and bonus rewards points for annual milestone spending.
Quick recall:
- Month of update: February 2026.
- Update/topic: PNB Launches ‘LUXURA Metal Credit Card’ on Visa Infinite Platform.
- Key institutions/entities: PNB, LUXURA, GST.
- Important figures/dates: Rs.4,999, Rs.1,999, 24.
16th Finance Commission recommends 41% tax devolution to States
Full update: The Union Finance Minister (FM) Nirmala Sitharaman tabled the 16 th Finance Commission (FC) report in Parliament alongside the presentation of the Union Budget for 2026–27, with the government accepting its key recommendation to retain the states’ share in central taxes at 41% for the period 2026–31. Key Recommendations Share of States: The 16th FC has recommended that the Central Government (CG) retain the 41% share of tax devolution to the States that had been implemented since 2021. Criteria for Devolution: To provide for the distribution of central taxes among states, FC define a formula with weightage for certain parameters.
Quick recall:
- Month of update: February 2026.
- Update/topic: 16th Finance Commission recommends 41% tax devolution to States.
- Key institutions/entities: FM, FC, CG.
- Important figures/dates: 16, 41%, 2026, 27.
- Remember the releasing body and the exact projection, rank or assessment.
- Remember the exact name of the scheme, framework, regulation or direction.
Equitas SFB Partners with Bharti AXA Life Insurance to Expand Life Insurance Reach
Full update: Equitas Small Finance Bank (Equitas SFB) signed a strategic bancassurance partnership with Bharti AXA Life Insurance, backed by Bharti Enterprises and France’s AXA, to expand the reach of life insurance across India. Key Details of Bancassurance Partnership: Objective: The partnership seeks to boost life insurance penetration while assisting customers in securing their long-term financial future. Role of Entities: As part of the partnership, Bharti AXA Life will offer its life insurance products such as protection, savings and retirement plans to customers of Equitas SFB.
Quick recall:
- Month of update: February 2026.
- Update/topic: Equitas SFB Partners with Bharti AXA Life Insurance to Expand Life Insurance Reach.
- Key institutions/entities: SFB, AXA.
- Remember the counterparties and the purpose of the agreement or partnership.
RBI Imposes Compounding Fee of Rs 18.76 Lakh on One 97 Communications for FEMA Violations
Full update: The Reserve Bank of India (RBI) issued a compounding fee of Rs. 18.76 lakh to One 97 Communications Limited (OCL), the parent company of Paytm Payments Services Limited (PPSL), under the provisions of the Foreign Exchange Management Act (FEMA), 1999, for contraventions related to foreign investment transactions in its subsidiary. About the Compounding Order: Transaction : Investments worth approximately Rs.
Quick recall:
- Month of update: February 2026.
- Update/topic: RBI Imposes Compounding Fee of Rs 18.76 Lakh on One 97 Communications for FEMA Violations.
- Key institutions/entities: RBI, FEMA, OCL, PPSL, LIPL.
- Important figures/dates: Rs 18.76 Lakh, 97, Rs. 18.76 lakh, 1999.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
Axis Bank Launches ‘Rooftop Solar Finance’ for MSMEs
Full update: Axis Bank launched “Rooftop Solar Finance ”, a new financing product, with an aim to help Micro, Small & Medium Enterprises (MSMEs) adopt solar energy systems on their commercial rooftops. About Rooftop Solar Finance: Collateral-Free loans: MSMEs can avail loans from Rs.10 lakhs to Rs.2 crores without needing collateral. The product is offered through Axis Bank’s branch network across India.
Quick recall:
- Month of update: February 2026.
- Update/topic: Axis Bank Launches ‘Rooftop Solar Finance’ for MSMEs.
- Important figures/dates: Rs.10 lakh, Rs.2 crore, 7 years.
- Remember the counterparties and the purpose of the agreement or partnership.
Kotak Mahindra Bank Issues India’s 1st Fully Digital FPI Licence
Full update: Kotak Mahindra Bank Limited (KMBL), an Indian private sector bank, became the 1st custodian in India to issue a Foreign Portfolio Investor (FPI) licence and complete the entire onboarding process using electronic signatures(e-signature). Key Details: Digital Workflow: This development comes after the Securities and Exchange Board of India (SEBI) operationalised a unified digital workflow in January 2026, enabling the use of Digital Signature Certificates (DSCs) and electronic signatures through the FPI Common Application Form (CAF) portal.
Quick recall:
- Month of update: February 2026.
- Update/topic: Kotak Mahindra Bank Issues India’s 1st Fully Digital FPI Licence.
- Key institutions/entities: FPI, KMBL, SEBI, CAF.
- Important figures/dates: 2026.
RBI MPC reduces Repo Rates by 25 bps to 5.25%, Maintains ‘Neutral’ Stance
Full update: Rate Cut: The MPC voted unanimously to reduce the policy repo rate under the liquidity adjustment facility (LAF) to 5.25%.
Quick recall:
- Month of update: February 2026.
- Update/topic: RBI MPC reduces Repo Rates by 25 bps to 5.25%, Maintains ‘Neutral’ Stance.
- Key institutions/entities: RBI, MPC, LAF.
- Important figures/dates: 25 bps, 5.25%.
- Remember the counterparties and the purpose of the agreement or partnership.
ADB Approved USD 182 million Loan to Scale Up Flood & Soil Erosion Management in Assam
Full update: The Asian Development Bank (ADB) approved USD 182 million loan as an additional financial support to expand its support for strengthening Assam’s resilience to chronic flooding and severe riverbank erosion along the Brahmaputra river.
Quick recall:
- Month of update: February 2026.
- Update/topic: ADB Approved USD 182 million Loan to Scale Up Flood & Soil Erosion Management in Assam.
- Key institutions/entities: ADB, USD.
- Important figures/dates: USD 182 million.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
MoF: FDI Flow in Banking Sector Declined to USD 115 Million in FY25
Full update: Union Minister of State (MoS) Pankaj Chaudhary, Ministry of Finance (MoF), informed the Rajya Sabha (Upper House of Parliament) that Foreign Direct Investment (FDI) equity inflows into the banking sector declined to USD 115 million in Financial Year 2024‑25 (FY25), down from USD 898 million in FY23.
Quick recall:
- Month of update: February 2026.
- Update/topic: MoF: FDI Flow in Banking Sector Declined to USD 115 Million in FY25.
- Key institutions/entities: FDI, USD, FY25, FY23.
- Important figures/dates: USD 115 Million, 25, USD 115 million, 2024.
PNB Announces ‘Soldierathon 2026’ to Honour Indian Armed Forces
Full update: Punjab National Bank (PNB), India’s leading Public Sector Bank (PSB), announced the ‘PNB Soldierathon 2026’, a themed half marathon, at its Corporate Office in Dwarka, New Delhi, Delhi.
Quick recall:
- Month of update: February 2026.
- Update/topic: PNB Announces ‘Soldierathon 2026’ to Honour Indian Armed Forces.
- Key institutions/entities: PNB, PSB.
- Important figures/dates: 2026.
IOB, IIM-Kozhikode Signs Pact for Executive Education, Capacity Building
Full update: The Indian Overseas Bank (IOB) signed a Memorandum of Understanding (MoU) with the Indian Institute of Management-Kozhikode (IIM-K) (Kerala) to foster collaboration on the design, delivery and certification of customised training programmes and workshops for IOB’s senior leadership and executives.
Quick recall:
- Month of update: February 2026.
- Update/topic: IOB, IIM-Kozhikode Signs Pact for Executive Education, Capacity Building.
- Key institutions/entities: IOB, IIM-, IIM-K.
- Remember the counterparties and the purpose of the agreement or partnership.
NIPL Signs Agreement with Malaysia’s PayNet for Cross-Border QR Payments
Full update: NPCI International Payments Limited (NIPL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet), national payments infrastructure operator of Malaysia. Key Details of Agreement: Purpose: The collaboration aims to enable Quick Response (QR) code based merchant transaction payments between India and Malaysia. Phased Implementation: Under Phase 1, Indian visitors in Malaysia will be able to use their Unified Payments Interface (UPI)-enabled application(apps) such as Google (G) Pay, PhonePe, Paytm, to pay at Malaysian merchants that accept the Malaysia’s DuitNow QR code by scanning the QR, without needing cash or foreign cards.
Quick recall:
- Month of update: February 2026.
- Update/topic: NIPL Signs Agreement with Malaysia’s PayNet for Cross-Border QR Payments.
- Key institutions/entities: NIPL, QR, NPCI, UPI.
- Remember the counterparties and the purpose of the agreement or partnership.
DBS Becomes 1st Bank in Asia-Pacific to Pilot Visa Intelligent Commerce for Daily Payments
Full update: DBS Bank Limited, Southeast Asia’s largest lender, entered into a strategic partnership with Visa, a global leader in digital payments, to drive the future of agent-initiated payments through a joint pilot under Visa Intelligent Commerce (VIC).
Quick recall:
- Month of update: February 2026.
- Update/topic: DBS Becomes 1st Bank in Asia-Pacific to Pilot Visa Intelligent Commerce for Daily Payments.
- Key institutions/entities: DBS, VIC.
- Remember the counterparties and the purpose of the agreement or partnership.
RBI Imposed Monetary Penalties on Three Banks & Two NBFCs for Non-Compliance
Full update: The Reserve Bank of India (RBI) imposed monetary penalties worth Rs 1.35 crore on 5 Financial Institutions (FIs) which include 3 banks: CSB Bank Limited, Bank of Maharashtra (BOM), and DCB Bank Limited, along with two Non–Banking Finance Companies (NBFCs), IIFL Finance Limited (formerly known as IIFL Holdings Limited) and Navi Finserv Limited. Key Details: Highest Penalty: Rs 63.60 lakh has been imposed on CSB Bank for non-compliance with directions issued by RBI on ‘Scope of activities to be undertaken of Business Correspondents (BCs)’ and ‘Customer Service in Banks’.
Quick recall:
- Month of update: February 2026.
- Update/topic: RBI Imposed Monetary Penalties on Three Banks & Two NBFCs for Non-Compliance.
- Key institutions/entities: RBI, CSB, BOM, DCB, IIFL.
- Important figures/dates: Rs 1.35 crore, Rs 63.60 lakh.
- Remember the exact name of the scheme, framework, regulation or direction.
IDFC First Bank Launches FD-Linked Credit Card ‘Hello Cashback Credit Card’
Full update: IDFC First Bank launched ‘Hello Cashback Credit Card’, a Fixed Deposit (FD)-backed credit card, designed especially for first-time users and people with no credit history. About Hello Cashback Credit Card: Access: It includes no eligibility conditions such as credit score or income proof. Customers can avail it by opening a minimum FD of Rs.10,000 and the credit limit is set at 100% of the FD value.
Quick recall:
- Month of update: February 2026.
- Update/topic: IDFC First Bank Launches FD-Linked Credit Card ‘Hello Cashback Credit Card’.
- Key institutions/entities: IDFC, FD-, FD, EMI, UPI.
- Important figures/dates: Rs.10,000, 100%, 3%, 5%.
ASK Asset & Wealth Management Received SEBI Approval to Launch MF Business
Full update: ASK Asset & Wealth Management Group, a leading financial services company, received regulatory approval from the Securities and Exchange Board of India (SEBI) to start operations as an investment manager for the Mutual Fund (MF) business in India.
Quick recall:
- Month of update: February 2026.
- Update/topic: ASK Asset & Wealth Management Received SEBI Approval to Launch MF Business.
- Key institutions/entities: ASK, SEBI, MF.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
Axis Bank Partners with IndiGo to Launch Two Co-branded Credit Cards
Full update: Axis Bank Limited, India’s 3rd largest private sector bank, collaborated with IndiGo (InterGlobe Aviation Limited) to launch two travel and lifestyle-focused co-branded credit cards, ‘IndiGo Axis Bank Credit Card’ and ‘IndiGo Axis Bank Premium Credit Card’.
Quick recall:
- Month of update: February 2026.
- Update/topic: Axis Bank Partners with IndiGo to Launch Two Co-branded Credit Cards.
RBI Mandates Unique Transaction Identifier for OTC Derivatives from January 01, 2027
Full update: The Reserve Bank of India (RBI) mandated the use of Unique Transaction Identifier (UTI) for all Over-the-Counter (OTC) derivative transactions from January 01, 2027, instead of its previous proposed timeline i.e. from April 01, 2026.
Quick recall:
- Month of update: February 2026.
- Update/topic: RBI Mandates Unique Transaction Identifier for OTC Derivatives from January 01, 2027.
- Key institutions/entities: RBI, OTC, UTI.
- Important figures/dates: 01, 2027, 2026.
- Effective timeline: from January 01, 2027.
NPCI Extends ‘UPI One World’ Wallet Service at India AI Impact Summit 2026
Full update: The National Payments Corporation of India (NPCI) extended the ‘UPI (Unified Payments Interface)- One World’ wallet for foreign delegates from more than 40 countries who participated at India Artificial Intelligence (AI) Impact Summit 2026 held from February 16 to February 20, 2026 in New Delhi, Delhi.
Quick recall:
- Month of update: February 2026.
- Update/topic: NPCI Extends ‘UPI One World’ Wallet Service at India AI Impact Summit 2026.
- Key institutions/entities: NPCI, UPI, AI.
- Important figures/dates: 2026, 40, 16, 20.
World Bank’s MIGA Provides USD 197.67 Million Guarantee to Citibank to Refinance SBI Rooftop Solar Program
Full update: The Multilateral Investment Guarantee Agency (MIGA), the guarantee arm of the World Bank Group (WBG), issued a USD 197.67 million five-year guarantee to Citibank N.A. for its non-shareholder loan to the State Bank of India (SBI) to support the refinancing of investments in India’s Grid-connected Rooftop Solar Photovoltaic (GRPV) systems. About MIGA Guarantee for SBI: Background : The SBI launched the GRPV systems programme in 2016 with financing from the International Bank for Reconstruction and Development (IBRD) of the WBG.
Quick recall:
- Month of update: February 2026.
- Update/topic: World Bank’s MIGA Provides USD 197.67 Million Guarantee to Citibank to Refinance SBI Rooftop Solar Program.
- Key institutions/entities: MIGA, USD, SBI, WBG, N.A.
- Important figures/dates: USD 197.67 Million, USD 197.67 million, 2016, USD 500 million.
RBI builds secured data centre in Odisha away from potential enemy strikes, seismic risk
Full update: The Reserve Bank of India (RBI) launched a highly secure second data centre in Bhubaneswar, Odisha, a step towards enhancing the safety and continuity of its critical financial infrastructure. Key Highlights: Purpose: The greenfield facility in the 18.55-acre campus at Info Valley-II, Khordha, Odisha will store and run the RBI’s main computer systems that manage cash supply, digital payments between banks, and financial data monitoring. Certification: The site has also secured Tier IV design certification, indicating that it meets the highest global standards for reliability, uptime, and operational performance.
Quick recall:
- Month of update: February 2026.
- Update/topic: RBI builds secured data centre in Odisha away from potential enemy strikes, seismic risk.
- Key institutions/entities: RBI, II, IV.
- Important figures/dates: 18.55.
ADB Partners with Aavas Financiers to Expand Affordable Housing, MSME Lending in India
Full update: The Asian Development Bank (ADB) signed a senior secured debt financing package of up to USD 108 million (Mn) (about Rs 983 crore (Cr)) with Aavas Financiers Limited to expand affordable housing and Micro, Small and Medium Enterprises (MSME) lending in India. Purpose: Apart from providing business loans for MSMEs in underserved states across India, the financing will support housing loans for self-built and green-certified homes, promoting climate-resilient and energy-efficient housing solutions for lower-middle-income borrowers. Capacity Support: The package includes concessional debt financing of USD 8 Mn through the Canadian Climate and Nature Fund for the Private Sector in Asia (CANPA), Asian Development Bank (ADB).
Quick recall:
- Month of update: February 2026.
- Update/topic: ADB Partners with Aavas Financiers to Expand Affordable Housing, MSME Lending in India.
- Key institutions/entities: ADB, MSME, USD, CANPA.
- Important figures/dates: USD 108 million, Rs 983 crore, USD 8.
NSE IX Launches ‘Global Access’ Platform
Full update: For Indian Retail Investors to Trade Overseas In February 2026, the National Stock Exchange Limited International Exchange (NSE IX) launched a ‘NSE IX Global Access’ platform, which allows Indian retail investors and Non-Resident Indians (NRIs) to directly trade in Equities, Debt and Exchange-Traded Funds (ETFs). About ‘NSE IX Global Access’ Platform: Initial Phase: For the initial phase, the NSE IX Global Access platform will provide access to the United States of America (USA)-listed stocks, with plans to expand to more than 30 international markets over the next 3-6 months. Investments: The newly launched platform has been designed to provide outbound investments under the Liberalised Remittance Scheme (LRS) framework of the Reserve Bank of India (RBI) which allows resident individuals to remit a maximum USD 250,000 per financial year overseas investments.
Quick recall:
- Month of update: February 2026.
- Update/topic: NSE IX Launches ‘Global Access’ Platform.
- Key institutions/entities: NSE, IX, USA, LRS, RBI.
- Important figures/dates: 2026, 30, 6 months, USD 250,000.
- Remember the exact name of the scheme, framework, regulation or direction.
March 2026
CBI Signs Distribution Agreement with Canara Robeco AMC to offer MF products
Full update: The Central Bank of India(CBI) has signed a Distribution Agreement with Canara Robeco Asset Management Company Limited(CRAMC) to offer a wide range of Mutual Fund (MF) products to its customers. About Distribution Agreement : Aim : This collaboration aims to enhance wealth creation avenues for retail and institutional clients across the bank’s branch network. Enhanced Access: Under the agreement, CBI will distribute MF schemes managed by Canara Robeco AMC, enabling customers to invest in diversified equity, debt, and hybrid products through the bank’s branch network and digital channels.
Quick recall:
- Month of update: March 2026.
- Update/topic: CBI Signs Distribution Agreement with Canara Robeco AMC to offer MF products.
- Key institutions/entities: CBI, AMC, MF, CRAMC, SEBI.
- Important figures/dates: 2015, 1987.
- Remember the exact name of the scheme, framework, regulation or direction.
- Remember the counterparties and the purpose of the agreement or partnership.
IIFL Home Finance Secures USD 300 Million Loan from ADB to Promote Women’s Housing Finance in India
Full update: IIFL Home Finance Limited (IIFL HFL) secured a USD 300 million loan agreement with the Asian Development Bank (ADB) to expand access to affordable housing finance for lower-income borrowers, primarily targeting women in India. About USD 300 Million ADB Loan for Affordable Housing: Breakup of Loan: USD 150 million from ADB and USD 150 million from parallel loans contributed by Mitsubishi UFJ Financial Group (MUFG), Japan; Emirates NBD Bank, United Arab Emirates (UAE); Sampath Bank PLC, Sri Lanka; and Hatton National Bank PLC, Sri Lanka. Focus: At least 25% of proceeds will finance green-certified affordable homes to promote sustainable construction.
Quick recall:
- Month of update: March 2026.
- Update/topic: IIFL Home Finance Secures USD 300 Million Loan from ADB to Promote Women’s Housing Finance in India.
- Key institutions/entities: IIFL, USD, ADB, HFL, UFJ.
- Important figures/dates: USD 300 Million, USD 300 million, USD 150 million, 25%.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
- Remember the counterparties and the purpose of the agreement or partnership.
Sarvam Partners with SBI Life to deploy AI tools across insurance distribution network
Full update: Indian Artificial Intelligence (AI) startup firm, Sarvam entered into a strategic partnership with SBI Life Insurance Company Limited, a subsidiary of the State Bank of India (SBI), for the deployment of AI tools across its nationwide insurance distribution network. Key Details: Aim: The initiative aims to strengthen customer engagement and support sales functions through large‑scale AI deployment rather than limited pilots. Sarvam’s Platforms: The AI tools will be operated on Samvaad, Sarvam;s conversational AI platform; and Arya, its multi-agent orchestration layer.
Quick recall:
- Month of update: March 2026.
- Update/topic: Sarvam Partners with SBI Life to deploy AI tools across insurance distribution network.
- Key institutions/entities: SBI, AI.
- Important figures/dates: 8 crore, 3.5 lakh.
- Remember the counterparties and the purpose of the agreement or partnership.
Sri Lanka’s 1st Blue Bond Dually Listed on NSE IX at GIFT City
Full update: Sri Lanka’s 1st Blue Bond, a Sri Lankan Rupee (LKR) 3 billion issuance by DFCC Bank Plc, dually listed on the National Stock Exchange Limited – International Exchange (NSE IX) at Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.
Quick recall:
- Month of update: March 2026.
- Update/topic: Sri Lanka’s 1st Blue Bond Dually Listed on NSE IX at GIFT City.
- Key institutions/entities: NSE, IX, GIFT, LKR, DFCC.
- Important figures/dates: 3 billion.
RBI Imposes Rs 11.50 Lakh Penalty on Mahindra & Mahindra Financial Services
Full update: The Reserve Bank of India (RBI), imposed a monetary penalty of Rs.11.50 lakh on Mahindra & Mahindra Financial Services Limited (MMFSL) for regulatory non-compliances observed during its annual inspection conducted with reference to the financial position as on 31 March 2025 (FY25).
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI Imposes Rs 11.50 Lakh Penalty on Mahindra & Mahindra Financial Services.
- Key institutions/entities: RBI, MMFSL, FY25.
- Important figures/dates: Rs 11.50 Lakh, Rs.11.50 lakh, 31, 2025.
RBI and Japan’s BoJ Renew Bilateral Swap Arrangement for USD 75 Billion
Full update: The Reserve Bank of India (RBI) and the Bank of Japan (BoJ), acting as the agent of the Minister of Finance, Japan, have signed the third Amendment and Restatement Agreement of the Bilateral Swap Arrangement (BSA) for up to USD 75 billion.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI and Japan’s BoJ Renew Bilateral Swap Arrangement for USD 75 Billion.
- Key institutions/entities: RBI, USD, BSA.
- Important figures/dates: USD 75 Billion, USD 75 billion.
- Remember the counterparties and the purpose of the agreement or partnership.
Yes Bank Launched Exclusive Salary Account for Women
Full update: Yes Bank Limited, launched an exclusive salary account ‘YES Essence Women’s Salary Account’, designed to support the financial and lifestyle requirements of working women ahead of International Women’s Day (observed annually on March 08).
Quick recall:
- Month of update: March 2026.
- Update/topic: Yes Bank Launched Exclusive Salary Account for Women.
- Key institutions/entities: YES.
- Important figures/dates: 08.
BoB Becomes First Bank in India to Raise Green Infrastructure Bonds Worth Rs.10,000 Crore
Full update: Bank of Baroda (BoB) raised Rs.10,000 crore through Series-I long-term Green Infrastructure Bonds, becoming the first bank in Indi a to issue domestic green bonds for infrastructure financing.
Quick recall:
- Month of update: March 2026.
- Update/topic: BoB Becomes First Bank in India to Raise Green Infrastructure Bonds Worth Rs.10,000 Crore.
- Important figures/dates: Rs.10,000 Crore, Rs.10,000 crore.
Swiggy, HDFC Bank launch two new co-branded credit cards focused on travel and Daily Spending
Full update: HDFC Bank Limited, and Swiggy, food delivery and quick commerce platform, jointly launched two new co-branded credit cards, ‘Swiggy BLCK HDFC Bank Credit Card’ and ‘Swiggy Ornge HDFC Bank Credit Card’ aimed at travel and daily spending rewards across food, shopping and lifestyle.
Quick recall:
- Month of update: March 2026.
- Update/topic: Swiggy, HDFC Bank launch two new co-branded credit cards focused on travel and Daily Spending.
- Key institutions/entities: HDFC, BLCK.
Nashik Municipal Corporation Lists Maharashtra’s First ULB Green Municipal Bond on NSE
Full update: The Nashik Municipal Corporation (NMC) marked a historic milestone by listing Maharashtra’s first-ever public issue of Urban Local Body (ULB) Green Municipal Bonds on the National Stock Exchange (NSE) in Mumbai, Maharashtra.
Quick recall:
- Month of update: March 2026.
- Update/topic: Nashik Municipal Corporation Lists Maharashtra’s First ULB Green Municipal Bond on NSE.
- Key institutions/entities: ULB, NSE, NMC.
PhonePe Launches ‘RuPay On-The-Go’ NCMC Card for Seamless Digital Transit Payments
Full update: PhonePe Limited launched the RuPay ‘On-The-Go’ Card, a National Common Mobility Card (NCMC) designed for contactless payments across public transport systems in India, supporting the Government of India(GoI)’s ‘One Nation One Card’ initiative for a single interoperable transit payment system. About RuPay ‘On-The-Go’ Card: Contactless Payments : The card enables tap-and-pay transactions at NCMC-enabled services such as metro, buses, trains, toll plazas and parking facilities, and supports offline payments without internet connectivity. Balance : The prepaid card stores value directly on its chip with a maximum balance of Rs 2,000 and supports offline transactions up to Rs 500, enabling quick and secure payments for commuters.
Quick recall:
- Month of update: March 2026.
- Update/topic: PhonePe Launches ‘RuPay On-The-Go’ NCMC Card for Seamless Digital Transit Payments.
- Key institutions/entities: NCMC, NCMC-, OTP.
- Important figures/dates: Rs 2,000, Rs 500.
Axis Max Life Insurance Partners with Saarathi Finance to Support MSMEs with Group Credit Life Insurance
Full update: Axis Max Life Insurance Limited entered into a strategic Corporate Agent partnership with Saarathi Finance and Credit Private Limited (Saarathi Finance) to strengthen financial protection for Micro, Small and Medium Enterprises (MSMEs) in India. Key Details of Partnership: Integration: Under the partnership, Group Credit Life Secure (GCLS) insurance will be integrated with loans provided to MSMEs. This ensures that borrowers receive financial protection along with credit support.
Quick recall:
- Month of update: March 2026.
- Update/topic: Axis Max Life Insurance Partners with Saarathi Finance to Support MSMEs with Group Credit Life Insurance.
- Key institutions/entities: GCLS.
- Important figures/dates: 2047.
- Remember the counterparties and the purpose of the agreement or partnership.
RBI Revises Bank Dividend Framework, new norms for FY27
Full update: The Reserve Bank of India (RBI) issued RBI(Commercial Banks – Prudential Norms on Declaration of Dividend and Remittance of Profits) Directions, 2026, governing how commercial banks declare dividends.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI Revises Bank Dividend Framework, new norms for FY27.
- Key institutions/entities: RBI, FY27.
- Important figures/dates: 27, 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
RBI revises counterparty credit risk rules to align with Basel norms
Full update: The Reserve Bank of India (RBI) released the RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026, revising its capital adequacy framework for commercial banks.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI revises counterparty credit risk rules to align with Basel norms.
- Key institutions/entities: RBI.
- Important figures/dates: 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
SBI and MUFG Bank Sign Strategic Partnership to Strengthen India–Japan Financial Ties
Full update: The State Bank of India (SBI) signed a strategic partnership agreement with MUFG Bank, Ltd. (MUFG), a leading Japanese global financial institution, to strengthen cross-border capital flows, expand financing opportunities, and enhance economic cooperation between India and Japan. Overview of the Strategic Alliance: Purpose: The partnership combines SBI’s strong domestic presence in India with MUFG’s global network to support Japanese companies investing in India and Indian enterprises expanding into Japan and other international markets.
Quick recall:
- Month of update: March 2026.
- Update/topic: SBI and MUFG Bank Sign Strategic Partnership to Strengthen India–Japan Financial Ties.
- Key institutions/entities: SBI, MUFG, M&A.
- Important figures/dates: 2047.
- Remember the counterparties and the purpose of the agreement or partnership.
RBI launches “Awareness Program on Digital Payments” in March 2026
Full update: Reserve Bank of India(RBI) Governor Sanjay Malhotra launched a pilot programme titled, “ Awareness Program on Digital Payments ” to promote the safe and widespread adoption of digital payments across the country. Key Highlights Title: The sixth edition of Digital Payments Awareness Week (DPAW) is being observed during March 9–13, 2026, during which a pilot programme titled “ Awareness Program on Digital Payments ” has been launched as part of the initiative. Campaign: The RBI also launched a multi-media awareness campaign “ Thoda Dhyan Se ” (be alert/ be careful), which encourages users to be careful while making payments and transacting online.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI launches “Awareness Program on Digital Payments” in March 2026.
- Key institutions/entities: RBI, DPAW.
- Important figures/dates: 2026, 13.
DCM Shriram Secured USD 90 Million Funding from World Bank’s IFC
Full update: DCM Shriram Limited secured USD 90 million from International Finance Corporation(IFC), the private sector arm of the World Bank Group (WBG), via sustainability-linked Non-Convertible Debentures (NCDs). Key Details: Key Focus: The funds will be used to strengthen the company’s strategic initiatives and support long-term growth, including the expansion of downstream chemicals business.
Quick recall:
- Month of update: March 2026.
- Update/topic: DCM Shriram Secured USD 90 Million Funding from World Bank’s IFC.
- Key institutions/entities: DCM, USD, IFC, WBG.
- Important figures/dates: USD 90 Million, USD 90 million.
RBI Imposes Rs 2.7 Lakh Penalty on Manappuram Finance for KMP Compensation Guideline Violation
Full update: The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 2.70 lakh on Manappuram Finance Limited, a Non-Banking Financial Company (NBFC), for non-compliance with Key Managerial Personnel (KMP) compensation guidelines. Key Details of Penalty: Inspection Basis: The violation was identified during the statutory inspection conducted by RBI based on the company’s financial position as of 31 March 2025. Action: The RBI clarified that the penalty, imposed under the Reserve Bank of India Act, 1934, addresses regulatory deficiencies and does not affect the validity of existing customer transactions.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI Imposes Rs 2.7 Lakh Penalty on Manappuram Finance for KMP Compensation Guideline Violation.
- Key institutions/entities: RBI, KMP, NBFC.
- Important figures/dates: Rs 2.7 Lakh, Rs 2.70 lakh, 31, 2025.
- Remember the exact name of the scheme, framework, regulation or direction.
Scapia Launches ‘Scapia Pay’
Full update: App to Earn Rewards Via RuPay Credit Cards In March 2026, Scapia, a travel fintech platform in India, launched ‘Scapia Pay’, an in-application(app) Unified Payments Interface (UPI) payment service that enables users to earn rewards on transactions made using RuPay credit cards. Key Details: Aim: This newly launched initiative aims to integrate daily payments, credit, and travel rewards within a unified platform. Process to Earn Benefits: Through this new payment service, users will be able to link their Scapia Federal RuPay and Scapia BOBCARD RuPay cre di t cards to the app for quick UPI payments and earn benefits on qualifying transactions.
Quick recall:
- Month of update: March 2026.
- Update/topic: Scapia Launches ‘Scapia Pay’.
- Key institutions/entities: UPI, BOBCARD, ID.
- Important figures/dates: 2026.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
Edelweiss AMC Launches India’s 1st Hybrid Passive Index Fund
Full update: Edelweiss Asset Management Company (EAMC) launched India’s 1st hybrid passive index fund named ‘Edelweiss Nifty LargeMidcap250 Plus 8-13 yr G-sec 70:30 Index Fund’, integrating equities and Government-Securities (G-Secs) within a unified index-based structure.
Quick recall:
- Month of update: March 2026.
- Update/topic: Edelweiss AMC Launches India’s 1st Hybrid Passive Index Fund.
- Key institutions/entities: AMC, EAMC, G-.
- Important figures/dates: 250, 13, 70, 30.
BoB Launches UPI-linked Credit Line for Women SHGs
Full update: Bank of Baroda (BoB), one of India’s leading Public Sector Bank (PSBs), launched the Overdraft (OD) facility on credit line on Unified Payments Interface (UPI) for verified women Self-Help Group (SHG) members who hold Pradhan Mantri Jan Dhan Yojana (PMJDY) accounts.
Quick recall:
- Month of update: March 2026.
- Update/topic: BoB Launches UPI-linked Credit Line for Women SHGs.
- Key institutions/entities: UPI-, OD, UPI, SHG, PMJDY.
RBI Imposed Rs 31.80 Lakh Penalty on HSBC for Non-Compliance with Deposit Norms
Full update: The Reserve Bank of India (RBI) imposed a monetary penalty of Rs. 31.80 lakh on Hongkong and Shanghai Banking Corporation Limited, India (HSBC India) for non-compliance with regulatory directions related to inoperative accounts and unclaimed deposits. Overview of RBI Penalty: Violations: The bank failed to maintain a searchable database of unclaimed deposits, did not generate Unclaimed Deposits Reference Number (UDRN), and showed lapses in deposits transferred to the Depositor Education and Awareness (DEA) Fund, under Section 26A of the Banking Regulation Act, 1949.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI Imposed Rs 31.80 Lakh Penalty on HSBC for Non-Compliance with Deposit Norms.
- Key institutions/entities: RBI, HSBC, UDRN, DEA.
- Important figures/dates: Rs 31.80 Lakh, Rs. 31.80 lakh, 26, 1949.
- Remember the exact name of the scheme, framework, regulation or direction.
SEBI Launches ‘Verified App Label’ Initiative To Strengthen Investor Protection
Full update: Tuhin Kanta Pandey, Chairperson of the Securities and Exchange Board of India (SEBI), launched the ‘Verified Application(app) Label’ Initiative to protect investors against fraudulent mobile applications and ensure safe digital investing in India. About ‘Verified App Label’ Initiative: Approach: Over 1.3 lakh fraudulent investment apps, including 66 fake trading apps, have been reported and removed, prompting SEBI to build preventive safeguards under the principle: “First verify. Then invest.” Mechanism: Apps of SEBI-registered intermediaries will display a verified badge on the Google Play Store to help investors easily identify genuine apps and reduce impersonation risks.
Quick recall:
- Month of update: March 2026.
- Update/topic: SEBI Launches ‘Verified App Label’ Initiative To Strengthen Investor Protection.
- Key institutions/entities: SEBI, SEBI-.
- Important figures/dates: 1.3 lakh, 66.
- Remember the releasing body and the exact projection, rank or assessment.
- Remember the exact name of the scheme, framework, regulation or direction.
Lakshya AMC Receives SEBI Approval to Launch MF Business
Full update: Lakshya Asset Management Company (AMC) received approval from the Securities and Exchange Board of India (SEBI) to commence its Mutual Fund (MF) business in India. About Lakshya AMC: Sponsorship: The AMC is sponsored by Wealth First Portfolio Managers, a publicly listed wealth management company on National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Leadership: Lakshya AMC has onboarded key members from Benchmark AMC, including Sanjiv Shah, Rajan Mehta, and Sanjay Gaitonde.
Quick recall:
- Month of update: March 2026.
- Update/topic: Lakshya AMC Receives SEBI Approval to Launch MF Business.
- Key institutions/entities: AMC, SEBI, MF, NSE, BSE.
- Important figures/dates: 2001.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
RBI Imposes Over Rs 2 Crore Penalties on UBI,Central Bank, BoI, Pine Labs for Regulatory Violations
Full update: The Reserve Bank of India (RBI) imposed monetary penalties exceeding Rs 2 crore on Union Bank of India (UBI), Central Bank of India, Bank of India (BoI) and Pine Labs Limited for non-compliance with regulatory directions. Key Details: Legal Provision: The penalties were imposed under Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949. Individual Fines: The RBI imposed a penalty of Rs 95.40 lakh on Union Bank of India (UBI), Rs 63.60 lakh on Central Bank of India, Rs 58.50 lakh on Bank of India (BoI), and Rs 3.10 lakh on Pine Labs Limited.
Quick recall:
- Month of update: March 2026.
- Update/topic: RBI Imposes Over Rs 2 Crore Penalties on UBI,Central Bank, BoI, Pine Labs for Regulatory Violations.
- Key institutions/entities: RBI, UBI.
- Important figures/dates: Rs 2 Crore, Rs 2 crore, 47, 46.
- Remember the exact name of the scheme, framework, regulation or direction.
April 2026
RBI Extends Implementation of Revised CME framework to July 01, 2026
Full update: The Reserve Bank of India (RBI) extended the implementation of its revised Capital Market Exposure (CME) framework by another 3 months to July 01, 2026 (originally scheduled for April 01, 2026).
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI Extends Implementation of Revised CME framework to July 01, 2026.
- Key institutions/entities: RBI, CME.
- Important figures/dates: 01, 2026, 3 months.
- Remember the exact name of the scheme, framework, regulation or direction.
RBI Imposes Rs 31.80 Lakh Penalty on Airtel Payments Bank
Full update: The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 31.80 lakh on Airtel Payments Bank Limited for non-compliance with regulatory directions related to Disclosure in Financial Statements for the Financial Year 2024-25 (FY25). RBI Penalty Action: Legal Basis: The penalty was imposed by RBI under Section 47A(1)(c) read with Section 46(4)(i) of the Banking Regulation Act, 1949. Inspection: RBI conducted the Statutory Inspection for Supervisory Evaluation (ISE 2025) based on the bank’s financial position as of March 31, 2025.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI Imposes Rs 31.80 Lakh Penalty on Airtel Payments Bank.
- Key institutions/entities: RBI, FY25, ISE.
- Important figures/dates: Rs 31.80 Lakh, Rs 31.80 lakh, 2024, 25.
- Remember the exact name of the scheme, framework, regulation or direction.
- Remember the counterparties and the purpose of the agreement or partnership.
CASA Ratio Falls to 2-Year Low of 37.9% in Dec 2025 Quarter: RBI Data
Full update: The Reserve Bank of India (RBI) reported that the share of Current Account and Savings Account (CASA) deposits in total bank deposits declined to a 2-year low of 37.9% in December 2025 quarter, compared to 40.1% in December 2023.
Quick recall:
- Month of update: April 2026.
- Update/topic: CASA Ratio Falls to 2-Year Low of 37.9% in Dec 2025 Quarter: RBI Data.
- Key institutions/entities: CASA, RBI.
- Important figures/dates: 37.9%, 2025, 40.1%, 2023.
- Remember the releasing body and the exact projection, rank or assessment.
RBI Unveils Rs 2.54 Lakh Crore State Borrowing Plan for Q1 FY27
Full update: The Reserve Bank of India (RBI) released the indicative borrowing calendar for the first quarter (April–June) of Financial Year 2026-27 (Q1 FY27), under which state governments and Union Territories (UTs) are set to collectively raise Rs 2,54,509 crore.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI Unveils Rs 2.54 Lakh Crore State Borrowing Plan for Q1 FY27.
- Key institutions/entities: RBI, Q1, FY27.
- Important figures/dates: Rs 2.54 Lakh Crore, 27, 2026, Rs 2,54,509 crore.
Bajaj Alts Gets SEBI Approval to Launch Portfolio Management Services
Full update: Bajaj Alternate Investment Management (Bajaj Alts), an arm of Bajaj Finserv Limited, secured the regulatory approval from the Securities and Exchange Board of India (SEBI) to launch Portfolio Management Services (PMS).
Quick recall:
- Month of update: April 2026.
- Update/topic: Bajaj Alts Gets SEBI Approval to Launch Portfolio Management Services.
- Key institutions/entities: SEBI, PMS.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
SEBI grants extension for IPO approval validity, MPS norms to September 30
Full update: , 2026 Market regulator Securities and Exchange Board of India (SEBI) has announced a two-pronged, one-time relief measure for companies, easing both Initial Public Offering (IPO) validity timelines and M inimum P ublic S hareholding (MPS) compliance.
Quick recall:
- Month of update: April 2026.
- Update/topic: SEBI grants extension for IPO approval validity, MPS norms to September 30.
- Key institutions/entities: SEBI, IPO, MPS.
- Important figures/dates: 30, 2026.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
CSB Launches ‘SMART SAVE ACCOUNT”, its 1st Retail Offering
Full update: CSB Bank Limited, one of India’s oldest private sector banks, launched its first dedicated retail savings product, the ‘SMART SAVE ACCOUNT’, marking a significant step in expanding its retail banking portfolio.
Quick recall:
- Month of update: April 2026.
- Update/topic: CSB Launches ‘SMART SAVE ACCOUNT”, its 1st Retail Offering.
- Key institutions/entities: CSB, SMART, SAVE, ACCOUNT.
NBBL’s Banking Connect Onboards Axis Bank, Expanding to 8 Banks and 11 PAs
Full update: NPCI Bharat BillPay Limited (NBBL), a wholly-owned subsidiary of the National Payments Corporation of India (NPCI), announced the onboarding of Axis Bank Limited, one of India’s largest private sector banks, on the Banking Connect platform.
Quick recall:
- Month of update: April 2026.
- Update/topic: NBBL’s Banking Connect Onboards Axis Bank, Expanding to 8 Banks and 11 PAs.
- Key institutions/entities: NBBL, NPCI.
- Important figures/dates: 11.
RBI Unveiled Utkarsh 2029 targets digital currency, UPI global expansion drive
Full update: The Reserve Bank of India (RBI) unveiled its medium-term strategy, Utkarsh 2029 for April 2026 to March 2029, aimed to consolidate its position as a world-class, full-service central bank.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI Unveiled Utkarsh 2029 targets digital currency, UPI global expansion drive.
- Key institutions/entities: RBI, UPI.
- Important figures/dates: 2029, 2026.
SEBI Launches Three New IT platforms to Transform Regulatory Landscape
Full update: Tuhin Kanta Pandey, chairman of Securities and Exchange Board of India (SEBI) launched three new Information Technology (IT) platforms: SUPCOMS (Single Universal Platform for Communications) 2.1, Electronic(e)-adjudication portal, and Cyber-Sec Audit Compliance (C-SAC), to boost ease of doing business and strengthen cybersecurity oversight.
Quick recall:
- Month of update: April 2026.
- Update/topic: SEBI Launches Three New IT platforms to Transform Regulatory Landscape.
- Key institutions/entities: SEBI, IT, SUPCOMS, C-SAC.
- Important figures/dates: 2.1.
- Remember the person, post, institution and tenure or effective date.
Visa, HDFC Bank Launches ‘FIFA World Cup 2026
Full update: Pixel Credit Card’ In April 2026, Visa, in partnership with HDFC Bank Limited, launched a limited edition of International Federation of Association Football (FIFA) World Cup 2026-themed digital credit card, ‘FIFA World Cup 2026 Pixel Credit Card’.
Quick recall:
- Month of update: April 2026.
- Update/topic: Visa, HDFC Bank Launches ‘FIFA World Cup 2026.
- Key institutions/entities: HDFC, FIFA.
- Important figures/dates: 2026.
- Remember the counterparties and the purpose of the agreement or partnership.
Worldline Report 2025: UPI processes 228.5 billion transactions in 2025
Full update: Worldline SA, a payment technology company, released its annual report titled “India Digital Payments Report- Year 2025 in Review”, stating that India’s Unified Payments Interface (UPI) processed 228.5 billion transactions in 2025, marking a 33% year-on-year (Y-o-Y) increase from 172.2 billion transactions in 2024.
Quick recall:
- Month of update: April 2026.
- Update/topic: Worldline Report 2025: UPI processes 228.5 billion transactions in 2025.
- Key institutions/entities: UPI, SA, Y-.
- Important figures/dates: 2025, 228.5 billion, 33%, 172.2 billion.
- Remember the releasing body and the exact projection, rank or assessment.
SEBI extends NPO registration validity for SSE and lowers minimum subscription for ZCZP
Full update: The Securities Exchange Board of India (SEBI) relaxed key norms for the Social Stock Exchange (SSE), extending the registration validity for Not-for-profit organisations (NPOs) and lowering the minimum subscription requirement for Zero Coupon Zero Principal (ZCZP) instruments. Key Highlights Extension of Period: The regulator has extended the registration period for NPOs to 3 years from 2 years, during which NPOs can remain registered on the SSE without raising funds.
Quick recall:
- Month of update: April 2026.
- Update/topic: SEBI extends NPO registration validity for SSE and lowers minimum subscription for ZCZP.
- Key institutions/entities: SEBI, NPO, SSE, ZCZP.
- Important figures/dates: 3 years, 2 years.
World Bank Launches ‘Water Forward’ Initiative to Improve Water Security for 1 Billion People
Full update: President of the World Bank Group (WBG) Ajay Banga announced WBG in collaboration with multilateral development banks and development finance institutions, launched ‘ Water Forward’, a global platform to improve water security for 1 billion people by 2030.
Quick recall:
- Month of update: April 2026.
- Update/topic: World Bank Launches ‘Water Forward’ Initiative to Improve Water Security for 1 Billion People.
- Key institutions/entities: WBG.
- Important figures/dates: 1 Billion, 1 billion, 2030.
RBI issues Master Directions on Notes and Coins Exchange Facility
Full update: The Reserve Bank of India (RBI) released Master Directions on Facility for Exchange of Notes and Coins, mandating all bank branches to provide free and non-discriminatory exchange services of currency notes and coins to the public. Key Highlights Exchange Facility: RBI has instructed that all bank branches in all parts of the country are mandated to provide following customer services.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI issues Master Directions on Notes and Coins Exchange Facility.
- Key institutions/entities: RBI.
- Remember the exact name of the scheme, framework, regulation or direction.
SBI Targets ‘Balance-sheet size of 25% of India’s GDP by 2030’
Full update: State Bank of India (SBI), India’s largest Public Sector Bank (PSB), set the target to expand its balance-sheet to about 25% of India’s Gross Domestic Product (GDP) by 2030, from existing 20%.
Quick recall:
- Month of update: April 2026.
- Update/topic: SBI Targets ‘Balance-sheet size of 25% of India’s GDP by 2030’.
- Key institutions/entities: SBI, GDP, PSB.
- Important figures/dates: 25%, 2030, 20%.
ADNIC Secures Licence to Establish Reinsurance Branch at GIFT City, Gujarat
Full update: Abu Dhabi National Insurance Company (ADNIC), a United Arab Emirates (UAE)-based insurance and reinsurance provider, received regulatory approval to establish a reinsurance branch in India’s Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat.
Quick recall:
- Month of update: April 2026.
- Update/topic: ADNIC Secures Licence to Establish Reinsurance Branch at GIFT City, Gujarat.
- Key institutions/entities: ADNIC, GIFT, UAE.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
Karnataka Bank Partners with Pine Labs to Enhance Digital Payment Solutions
Full update: Karnataka Bank Limited, an Indian private sector bank, entered into a partnership with Pine Labs Limited, a leading provider of Point-of-Sale (PoS) solutions, to strengthen its digital payment ecosystem across India. Partnership Overview Key Features: The collaboration enables advanced PoS payment services, seamless and secure transactions, and pan-India availability across all branches. Vision: It supports Karnataka Bank’s goal of becoming a ‘Digital Bank of the Future’ and strengthens its digital banking capabilities.
Quick recall:
- Month of update: April 2026.
- Update/topic: Karnataka Bank Partners with Pine Labs to Enhance Digital Payment Solutions.
- Remember the counterparties and the purpose of the agreement or partnership.
RBI issues e-mandate framework for digital payments
Full update: The Reserve Bank of India (RBI) released the new ‘ Digital Payments – E-mandate Framework, 2026 ’ consolidating the existing regulations while introducing stricter safeguards, clearer notification and greater flexibility for users. Applicable to: The directions shall be applicable to all payment system providers and payment system participants. Applicable Channels: The new rules apply across.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI issues e-mandate framework for digital payments.
- Key institutions/entities: RBI, E-.
- Important figures/dates: 2026.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
- Remember the exact name of the scheme, framework, regulation or direction.
RBI Eases Forex Rules for Banks, Allows Related Party Hedging
Full update: Under USD 100 mn exposure cap In April 2026, the Reserve Bank of India (RBI) withdrew some of the restrictions imposed on the forex dealers taking positions in the offshore non-deliverable forwards market (NDF) to curb rupee volatility. Initial Restriction: On 27 March 2026, the RBI capped bank’s net bank open positions in the offshore derivatives market at USD 100 million (Mn) to control volatility. Further Ban: On 1 April 2026, the RBI further tightened by.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI Eases Forex Rules for Banks, Allows Related Party Hedging.
- Key institutions/entities: RBI, USD, NDF.
- Important figures/dates: USD 100, 2026, 27, USD 100 million.
Imposes Penalties on Banks and Financial Institutions
Full update: Bandhan Bank: The RBI imposed a penalty o f Rs 41.8 lakh on Bandhan Bank for non-compliance with regulatory norms, including Know Your Customer (KYC) guidelines. Muthoot Housing Finance: The RBI also imposed a penalty of Rs 80,000 on Muthoot Housing Finance Company for non-compliance with its directions on the Fair Practices Code. Ebix Payments Services & Cooperative Banks: The RBI imposed a total penalty of Rs 2.60 lakh on Ebix Payments Services Limited and two cooperative banks under the Payment and Settlement Systems (PSS) Act, 2007.
Quick recall:
- Month of update: April 2026.
- Update/topic: Imposes Penalties on Banks and Financial Institutions.
- Key institutions/entities: RBI, KYC, PSS.
- Important figures/dates: Rs 41.8 lakh, Rs 80,000, Rs 2.60 lakh, 2007.
- Remember the exact name of the scheme, framework, regulation or direction.
RBI Revokes Banking Licence of PPBL Over Non-Compliance with Banking Regulations
Full update: The Reserve Bank of India (RBI) revoked the banking licence of Paytm Payments Bank Limited (PPBL) under Section 22(4) of the Banking Regulation Act (BR Act, 1949), due to its failure to comply with norms stipulated in the payment bank licence issued to it.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI Revokes Banking Licence of PPBL Over Non-Compliance with Banking Regulations.
- Key institutions/entities: RBI, PPBL, BR.
- Important figures/dates: 22, 1949.
- Remember the exact name of the scheme, framework, regulation or direction.
FM Nirmal Sitharaman delivers Keynote & Launched Mission Jagrook at 38th SEBI Foundation Day
Full update: The Union Minister Nirmal Sitharaman, Ministry of Finance and Corporate Affairs (MoF&CA) delivered the keynote address at the 38th foundation day programme of the Securities and Exchange Board of India (SEBI), in Mumbai, Maharashtra. Key Highlights Cyber Risk warning: The Union Minister urged SEBI to stay highly alert against rising cyber threats, warning that a single major attack on exchanges can destabilise markets at a national scale.
Quick recall:
- Month of update: April 2026.
- Update/topic: FM Nirmal Sitharaman delivers Keynote & Launched Mission Jagrook at 38th SEBI Foundation Day.
- Key institutions/entities: FM, SEBI, CA.
- Important figures/dates: 38.
- Remember the exact name of the scheme, framework, regulation or direction.
Flipkart, Axis Bank & PayU Launch Biometric Authentication for OTP-Free Card Payments
Full update: Flipkart Internet Private Limited, in partnership with Axis Bank Limited and PayU Payments Private Limited, launched biometric authentication for card payments, allowing users to approve transactions using fingerprint or Face ID (Identification) instead of One-Time Passwords (OTPs), marking a major shift toward faster and more secure digital payment systems in India. About Biometric Card Payment System: Entities: Flipkart (checkout), PayU (merchant infrastructure), Axis Bank (issuer), and Wibmo (PayU subsidiary) (issuer-side verification) collaborate to enable biometric card payments. Technology: The system replaces OTP with fingerprint or Face ID on Android and iOS (iPhone Operating System) using device-bound verification, fraud detection, and one-touch approval mechanisms.
Quick recall:
- Month of update: April 2026.
- Update/topic: Flipkart, Axis Bank & PayU Launch Biometric Authentication for OTP-Free Card Payments.
- Key institutions/entities: OTP-, ID, OTP, SIM.
- Remember whether this was an approval, authorisation, notification, extension or final direction.
- Remember the counterparties and the purpose of the agreement or partnership.
RBI launches Mission Saksham
Full update: For Urban Co-operative Banks In April 2026, the Reserve Bank of India (RBI) launched Mission Saksham (Sahkari Bank Kshamta Nirman), a nationwide capacity-building programme aimed at strengthening the Urban Co-operative Banking (UCBs) sector. Key Highlights Objective: The initiative is expected to improve managerial and operational capabilities within the sector and also strengthen compliance practices and institutional resilience.
Quick recall:
- Month of update: April 2026.
- Update/topic: RBI launches Mission Saksham.
- Key institutions/entities: RBI.
- Important figures/dates: 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
May 2026
RBI Eases Rules for Small NBFCs, Grants Exemptions from July
Full update: 1, 2026 In April 2026, the Reserve Bank of India (RBI) issued the final guidelines, RBI (Non-Banking Financial Companies(NBFC) – Registration, Exemptions and Framework for Scale Based Regulation) Amendment Directions, 2026 for NBFCs not availing public funds and not having customer interface. The regulations come into effect from July 1, 2026. Framework: Unregistered Type I NBFCs: NBFCs that do not avail of public funds and do not have a customer interface and have an asset size of less than Rs 1,000 crore (Crs) from the requirement of registration with the RBI.
Quick recall:
- Month of update: May 2026.
- Update/topic: RBI Eases Rules for Small NBFCs, Grants Exemptions from July.
- Key institutions/entities: RBI, NBFC.
- Important figures/dates: 2026, Rs 1,000 crore.
- Effective timeline: from July 1, 2026.
- Remember the exact name of the scheme, framework, regulation or direction.
Final Revision Checklist
- Can you recall the institution, person, regulator or ministry behind each update?
- Can you state the exact figure, rank, percentage, date, tenure or threshold from memory?
- Can you remember the name of the scheme, report, committee, regulation, app, platform or agreement involved?
- Can you separate bank/regulator updates from macroeconomy, appointments, schemes and global reports without confusion?