RBI Grade B Reasoning AbilityPreparation

To join BANK MAHAPACK Apply code Y537 for 77% off

Date: 1st to 15th Jan 2025

• Banking and Financial Awareness from Important Newspapers

• PIB
• RBI Notifications
• SEBI Circulars
• IRDAI Circulars
• The State Bank of India (SBI) has introduced a TAB-based end-to-end • Swiggy has partnered with the National Stock Exchange of India (NSE)
digital onboarding process for Non-Resident Indians (NRIs) to to launch a financial literacy program for its delivery partners. The
streamline the opening of Non-Resident External (NRE) and Non- program is designed to help delivery partners, especially women,
Resident Ordinary (NRO) accounts. improve their financial skills and awareness.
• Additionally, it also announced that it intends to have 1 lakh women
• YES BANK and FICCI FLO launch YES PowherUp to aid women delivery partners by 2030.
entrepreneurs.
• FLO was established in 1983, as a division of the Federation of Indian
Chambers of Commerce and industry (FICCI) which is the apex body
of industry and commerce in India. As an All India Organisation for
women

• DBS has announced that it will be appointing Rajat Verma as Chief

Executive Officer (CEO) of DBS Bank India with effect from 1 March
2025, in line with approval accorded by the Reserve Bank of India.

• Starting January 1, 2025, the Reserve Bank of India (RBI) will • SBI has launched two new deposit schemes: Har Ghar Lakhpati, a
implement new guidelines, leading to the closure of three specific recurring deposit plan helping customers save ₹1 lakh or more, and
types of bank accounts. SBI Patrons, a fixed deposit scheme offering higher interest rates for
Types of accounts facing closure senior citizens aged 80 and above.
• Dormant accounts: Accounts that have had no transactions for a
continuous period of two years or more • BharatPe to Sell 25% Stake in Unity Small Finance Bank. Unity Bank
• Inactive accounts: Inactive accounts refer to those that have had no was established in November 2021 through a collaboration between
transaction activity for the past 12 months or more. Centrum Financial Services and BharatPe. The Reserve Bank of India
• Zero balance accounts: Accounts that maintain a zero balance for a (RBI) mandates that BharatPe’s parent company, Resilient Innovation
prolonged period may be closed. The RBI's aim is to prevent the Private Limited, reduce its stake in Unity Bank to 10% by 2029.
misuse of such accounts, reduce financial risks, and promote active
engagement between customers and their banks. This initiative also • HDFC Bank has received RBI approval to acquire up to a 9.5% stake in
aims to reinforce Know Your Customer (KYC) regulations and ensure Kotak Mahindra Bank, through its group entities.
that customer information remains current and accurate.
• Recently, the National Payments Corporation of India (NPCI) extended • Cosmea Financial Holdings receives Sebi approval to enter mutual
the deadline for Third-Party App Providers (TPAPs) to comply with the fund business
30% transaction cap on UPI transaction volumes till 31st December,
2026.

• Federal Bank, the sixth-largest private sector bank in India, has

partnered with Nucleus Software to launch a new digital transaction
banking platform called FedOne designed to help streamline treasury
operations for its corporate clients.

• Assam partners with SBI, UBI to provide insurance benefits to govt

employees.

• NaBFID invests Rs 745 crore in long-term bonds issued by NDR InvIT

• Nomura forecasts further downward revision of India's FY25 GDP

growth to 6%

• SBI Lowers India’s GDP Growth Forecast to 6.3% for FY25

• PhonePe has partnered with ICICI Lombard to offer affordable
insurance plans for travelers attending the Maha Kumbh Mela,
covering medical expenses, personal accidents, and more. Plans start
at ₹59 for bus/train travelers and ₹99 for flight travelers, available
from Jan 13 to Feb 26, 2025.

• KredX receives TReDS licence from RBI under the brand name DTX
(Domestic Trade Exchange); eyes $2 billion disbursals in next fiscal.
KredX is the fifth company to receive the TReDS licence and the third
to have both RBI and IFSCA licences.

• The World Bank has approved a $35 million project titled ‘Meghalaya
Multisectoral Project for Adolescent Wellbeing, Empowerment and
Resilience (MPOWER)’ to better equip 5,00,000 adolescents to make
the transition from school to work in the state. This project will focus
on reducing dropout rates, improving learning outcomes, and
providing guidance on accessing jobs and starting businesses.

• Bajaj Broking has partnered with Tamilnad Mercantile Bank (TMB) to

offer a seamless 3-in-1 account integrating banking, broking, and
investment services.

• The UN's World Economic Situation and Prospects 2025 report

projects India's economy to grow by 6.6% in 2025.
• Reserve Bank Innovation Hub (RBIH) has partnered with IIM • Deputy Governor M. Rajeshwar Rao has been assigned to head the
Ahmedabad’s startup incubator, IIMA Ventures, to introduce Swanari RBI's Monetary Policy and Economic Research Departments,
TechSprint 3.0. This initiative supports fintech startups developing succeeding Michael Patra, whose term ended on January 15, 2025.
solutions to enhance women’s financial inclusion in India, offering
expert mentorship, grants, and funding to help refine and scale their • The Insolvency and Bankruptcy Board of India (IBBI) mandated the
products. use of the eBKray auction platform for asset sales during liquidation
• Strata has officially received a licence from the Securities and processes starting April 1, 2025. Insolvency professionals must list all
Exchange Board of India (SEBI) to launch small and medium-scale real unsold assets on the platform by March 31.
estate investment trusts (SM REITs). • About eBKray
Now rebranded as the Bank Asset Auction Network, eBKray is an
advanced property listing and e-auction platform designed for banks
and lending institutions. It facilitates the recovery of non-performing
asset (NPA) loans by enabling the efficient sale of distressed assets
through digital auctions.

• IDBI Bank has introduced a new specialised fixed deposit scheme,

'IDBI Chiranjeevi-Super Senior Citizen FD,' targeting customers aged
80 years and above. The premium offering provides enhanced interest
rates, with an additional 65 basis points above standard fixed deposit
rates and 15 basis points over existing senior citizen rates.

• Punjab National Bank (PNB) has launched its first Cybersecurity

Hackathon 2024-25, themed “Code Against Malware,” to combat
rising cybercrime. The initiative aims to foster collaboration among
innovators, researchers, and academicians to tackle malware threats.
https://pib.gov.in/PressReleasePage.aspx?PRID=2093125

https://pib.gov.in/PressReleasePage.aspx?PRID=2093125

https://pib.gov.in/PressReleasePage.aspx?PRID=2089236

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RBI/SEBI/IRDAI Circular
Regulatory Bodies by Veer Ashutosh
Covered Separately in separate monthly pdf and for more details join the following session:

Veer Ashutosh

Regulatory Bodies by Veer Sir

RBI Grade B Reasoning AbilityPreparation

To join BANK MAHAPACK Apply code Y537 for 77% off

Date: 16th to 31st Jan 2025

• Banking and Financial Awareness from Important Newspapers

• PIB
• RBI Notifications
• SEBI Circulars
• IRDAI Circulars
• The Indian government appointed Ashok Chandra as MD & CEO of • India's economy is projected to become the fourth largest globally by
Punjab National Bank and Binod Kumar as MD & CEO of Indian Bank, 2026, surpassing Japan, with a growth rate of 6.8% in FY25 and 7.7%
effective January 2025, following the retirement of their in FY26, according to PHD Chamber of Commerce and Industry
predecessors. (PHDCCI).

• PNB MetLife has partnered with Saraswat Co-Operative Bank to offer • NPCI International partners with Magnati to expand UPI acceptance in
a wide range of life insurance products to the bank's 30 lakh UAE
customers across India.
• The latest round of FICCI’s Economic Outlook Survey projects an
• Shriram Housing Finance has officially rebranded as Truhome Finance annual median GDP growth forecast of 6.4 per cent for 2024-25. CPI
following an acquisition by Warburg Pincus and Qatar’s QIA, which based inflation has a median forecast of 4.8 per cent for 2024-25.
invested ₹1,225 crore into the company. The rebranding aligns with
the company’s vision to enhance accessibility to affordable home
loans.
• HSBC India has received RBI approval to open 20 new branches across
major cities, marking a significant expansion after a decade.

• Alok Kumar Agarwal Appointed CEO of Zurich Kotak General

Insurance

• Skydo Technologies has received in-principle approval from the RBI to

operate as a Payment Aggregator-Cross Border entity. This enables the
company to offer seamless, cost-effective cross-border payment solutions
to Indian exporters.

• IDFC FIRST Bank, in collaboration with RuPay, has launched the FIRST EA₹N
RuPay Credit Card. This secured card combines the benefits of a fixed
deposit with cashback rewards on UPI transactions. With a minimum FD of
₹5,000, users can earn cashback up to ₹500 per month on UPI payments.

• Three Indian banks -- HDFC Bank, ICICI Bank, and the State Bank of India
(SBI) -- ended the fourth quarter (Q4) of 2024 at the 13th, 19th, and 24th
spots in the top 25 global banks by market capitalisation, respectively,
according to a new report. JPMorgan Chase continues to remain the
world’s largest bank by market cap Once an NBFC is classified as NBFC-UL, it is subjected to enhanced regulatory requirement, at least for a period of 5 years
• "IMF Retains India’s GDP growth forecast at 6.5% for FY26 & FY27“ • RBI penalized Canara Bank (₹1.63 crore), J&K Bank (₹3.31 crore), and Bank
of India (₹1 crore) for regulatory non-compliance in areas like loans, data,
• Moody’s Lowers India’s Economic Growth Forecast to 7% for FY 2024-25. and KYC.

• Punjab National Bank (PNB) has become the first Indian bank to launch
Clari5’s National Cybercrime Reporting Portal (NCRP) Integration Solution.
This system, developed with the Indian Cyber Crime Coordination Centre
(I4C) allows for real-time processing of cybercrime complaints and fraud
prevention.
https://www.youtube.com/watch?v=_wS2Nbgkvas

https://www.youtube.com/watch?v=_wS2Nbgkvas
• P. Suriaraj Appointed Executive Director of Dhanlaxmi Bank

• PNB MetLife, Truhome Finance (formerly known as Shriram Housing

Finance Ltd) to Offer Credit Life Insurance to Homeowners

• Jio Financial Services announced that its joint venture with global asset
management giant BlackRock, Jio BlackRock Investment Advisers Private
Ltd, has incorporated a wholly owned subsidiary named Jio BlackRock
Broking Private Ltd to enter the broking business, subject to regulatory
approvals.

• TATA AIG Unveils CyberEdge to Provide Comprehensive Cyber Insurance

Solution for Indian Businesses. targets 25% cyber insurance market share
by 2030.

• Tata AIA Life Launches ‘Shubh Muhurat’ to aid wedding financial planning

• HDFC Life Announces Corporate Agency Tie-up With CARS24 Financial

Services Pvt. Ltd.
 • Karnataka Bank has achieved a remarkable milestone by securing top
honours in six categories at the 20th Annual Banking Technology
Conference, Expo & Citations, 2024, organized by the Indian Banks’
Association (IBA).

https://www.rbi.org.in/Scripts/PublicationsView.aspx?id=23127
• IDBI Bank Reappoints Rakesh Sharma as MD & CEO for 3 Years.

• The Reserve Bank of India (RBI) has approved the establishment of the
National Urban Cooperative Finance and Development Corporation
(NUCFDC) to support Urban Cooperative Banks (UCBs) in improving
operational efficiency, technological adoption, and financial stability. To
function as an Umbrella organization, NUCFDC is required to achieve a
paid-up capital of ₹300 crore. The RBI has set a deadline of February 7,
2025, for this capital requirement.

• SBI Payments & Pine Labs Boost Partnership for Digital Commerce Growth • Alongside CRED, MobiKwik has also introduced its e₹ wallet, expanding
accessibility beyond beta users. The MobiKwik e₹ wallet is now available to
• SEBI has introduced the Integrated SEBI Portal for Technical Glitches all Android users, offering:
(iSPOT), a centralized system to streamline the reporting of technical issues • Peer-to-peer (P2P) and peer-to-merchant (P2M) transactions
by Market Infrastructure Institutions (MIIs) like stock exchanges and • Seamless UPI integration for payments by scanning any UPI QR code
clearing corporations. • Broader accessibility, making it one of the first payment apps to provide
full-fledged access to the CBDC wallet
• CRED has become the first fintech platform to integrate India’s e₹ wallet, a
digital currency backed by the RBI. In collaboration with YES Bank, CRED • CheQ has unveiled Wisor, India’s first AI-powered credit card expert,
allows users to store and transact with the e₹, enhancing digital payments designed to help users manage their credit cards efficiently. Wisor offers
in India. It is a beta version of e₹ wallet. CRED’s e-rupee wallet supports personalized assistance, real-time Q&A, detailed spend analysis, and
transactions up to ₹10,000 per transfer, with a daily transaction limit of optimized rewards management.
₹50,000 and storage up to Rs 1 lakh. These will be zero-cost merchant
transactions. YES BANK facilitates the issuance of CBDC tokens from RBI
to CRED
• iSPIRT, in partnership with UGRO Capital, IIFL, and GetVantage, has • The Birla Institute of Management Technology (BIMTECH) has introduced
launched the Priority Sector Lenders Association of India (PSLAI). This BIMCOIN, a blockchain-powered digital currency designed to create a
initiative aims to transform the landscape of priority sector lending (PSL) by secure, transparent, and efficient system for transactions within the
leveraging digital tools like the Open Credit Enablement Network (OCEN) to campus. With this launch, BIMTECH becomes the first business school in
make credit access for MSMEs more efficient and borrower-friendly. India to implement such a technology, following in the footsteps of IIT
Priority Sector Lenders Association of India (PSLAI) is a Section 8 company Madras.
aimed at addressing credit challenges in priority sectors, especially MSMEs.
• Paytm Launches ‘Receive Money QR Widget’ on Smartphone Home
• YES BANK, in collaboration with the Reserve Bank Innovation Hub (RBIH) Screen, for Influencers, Shopkeepers, Freelancers, and Small
and the S.P. Jain Institute of Management and Research (SPJIMR), has Businesses to Accept Payments on the Go
announced the launch of the Frictionless Finance Accelerator Programme.
Unveiled on National Startup Day, this initiative aims to empower fintech • BHIM, the digital payments app powered by NPCI BHIM Services Limited
startups by addressing critical challenges, scaling innovations, and driving (NBSL), has partnered with FinTech Yatra 2025 to promote financial
financial inclusion across India. inclusion and digital literacy across India.

• The FinTech Yatra 2025, a 10,000 km journey, seeks to connect fintech

innovators with financial institutions, venture capitalists, and other
stakeholders. The initiative emphasizes fostering innovation and expanding
the use of digital payments in India's financial ecosystem.

• HDFC Securities, a leading subsidiary of HDFC Bank, has teamed up with

KFin Technologies Limited (KFintech), a Central Recordkeeping Agency
(CRA), to enhance the reach and usability of the National Pension System
(NPS). This partnership is designed to simplify NPS access for subscribers
and encourage broader adoption.
 RBI/SEBI/IRDAI Circular

Covered Separately in separate monthly pdf and for more details join the following session:

Regulatory Bodies by Veer Ashutosh

Veer Ashutosh

Regulatory Bodies by Veer Sir

RBI Grade B Reasoning AbilityPreparation

To join BANK MAHAPACK Apply code Y537 for 77% off

Date: 1st to 12th Feb 2025

• Banking and Financial Awareness from Important Newspapers

• PIB
• RBI Notifications
• SEBI Circulars
• IRDAI Circulars
• MoMSME launched the MSME TEAM Initiative with a ₹277.35 crore budget • The NPCI circular issued on January 9, 2025, specifies that starting February
over three years to enhance the digital presence of MSMEs via the ONDC 1, 2025, UPI transaction IDs must be strictly alphanumeric. This means that
network. – Onboard 5 lakh MSMEs, with a focus on women-led and SC/ST any UPI transaction ID that includes special characters (such as @, #, !, etc.)
enterprises. will be rejected, and the transaction will fail.

• India Post Payments Bank (IPPB) and PNB MetLife have partnered to
expand life insurance access across India.

• To cater to the evolving demands of high-net-worth individuals, Canara

Bank, one of India's leading public sector banks, has launched the “Canara
Crest” Membership program, offering a personalized and premium banking
experience.

• Finvasia has teamed up with Yes Bank to introduce Jumpp, an AI-driven • L&T Finance Limited (LTF) has introduced ‘Knowledgeable AI’ (KAI), an AI-
super app designed to simplify personal finance management. The app powered virtual home loan advisor, on its newly revamped website. KAI
offers a range of services including banking, saving, payments, investing, uses advanced technology to provide personalized assistance, instant loan
and borrowing, with a focus on financial inclusion. calculations, and expert guidance throughout the home loan process.

• SEBI is planning a secure UPI payment mechanism to ensure investor safety • Ujjivan Small Finance Bank Seeks Universal Banking Licence.
and prevent fraud in capital markets. The proposal includes unique UPI IDs
for registered intermediaries, a verification icon for authenticity, and an
increased UPI transaction limit of ₹5 lakh per day (up from ₹2 lakh).

• Airtel Payments Bank has partnered with Karnataka Bulldozers as a co-

sponsor for CCL 2025, starting on February 8.

• CRISIL: India’s GDP to grow at 6.5% in FY26

• The National Payments Corporation of India has recommended increasing • SBI's Q3 FY25 net profit surged 84%, exceeding expectations, with a 4% rise
ATM interchange fees to help banks and White Label ATM Operators in NII and lower employee expenses. Strong loan growth, improved asset
manage rising operational expenses. The proposal suggests raising financial quality, and higher deposits reinforced financial stability despite a dip in
transaction fees from ₹15 to ₹17 and non-financial transaction fees from ₹5 the CASA ratio.
to ₹6.
• The Securities and Exchange Board of India (SEBI) has imposed a ₹25 lakh
• Sharan Hegde’s 1% Club Secures SEBI RIA License. fine on DB Realty Ltd (now Valor Estate Ltd) and seven individuals,
including promoters Vinod Kumar Goenka and Shahid Balwa Usman, for
• South Indian Bank (SIB) has launched two specialized startup current misrepresenting financial statements.
accounts—SIB Business Startup Current Account and SIB Corporate Startup
Current Account—to support India’s startup ecosystem. • The Reserve Bank of India has approved Tata Communications’ sale of its
entire stake in Tata Communications Payment Solutions Ltd to Australian
• Indian Overseas Bank (IOB) has become a signatory of the Partnership for fintech Findi’s subsidiary, Transaction Solutions International for ₹330
Carbon Accounting Financials (PCAF), committing to measure and disclose crore, with an additional ₹75 crore contingent on interchange rate
the greenhouse gas emissions from its financed activities. adjustments.
• As Indian Overseas Bank (IOB) celebrates its 89th Foundation Day on • The RBI has deferred the implementation of Liquidity Coverage Ratio (LCR)
February 10, 2025, it reinforces its commitment to sustainable banking by and project financing norms by a year, now set for March 31, 2026.
joining the Partnership for Carbon Accounting Financials (PCAF). Originally planned for April 1, 2025, these norms required banks to
maintain higher liquid assets, potentially impacting ₹4 lakh crore in
• IDFC FIRST Bank, in partnership with Ikonz Studios, has expanded its AI- lending.
powered holographic avatar of Amitabh Bachchan to five more cities. Using
HXR technology, the avatar offers interactive customer engagement,
providing information on banking products like Zero Fee Banking and
Mobile Banking.

• The RBI has approved the voluntary amalgamation of two urban co-
operative banks in Hyderabad: Twin Cities Co-operative Urban Bank with
Kranti Co-operative Urban Bank, and Navanirman Co-operative Urban Bank
with Rajadhani Co-operative Urban Bank.
The Index of Industrial Production (IIP) is a key economic
indicator that measures the short-term changes in the volume
of production of industrial goods in an economy. It tracks the
performance of various sectors such as manufacturing, mining,
and electricity.
Key Points:
•Base Year: Currently 2011-12.
•Published by: National Statistical Office (NSO), under the
Ministry of Statistics and Programme Implementation (MoSPI).
•Frequency: Monthly.
•Components:
• Mining (14.37%)
• Manufacturing (77.63%)
• Electricity (8%)
•Use: It helps in assessing industrial growth and planning
economic policies.

Read Complete Article from descriptive point directly from the Source.

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Read Complete Article from descriptive point directly from the Source.

Source Link: https://pib.gov.in/PressReleasePage.aspx?PRID=2098435

RBI/SEBI/IRDAI Circular

Covered Separately in separate monthly pdf and for more details join the following session:
Regulatory Bodies by Veer Ashutosh

Veer Ashutosh

Regulatory Bodies by Veer Sir

RBI Grade B Reasoning AbilityPreparation

To join BANK MAHAPACK Apply code Y537 for 77% off

Date: 13th to 28th Feb 2025

• Banking and Financial Awareness from Important Newspapers

• PIB
• RBI Notifications
• SEBI Circulars
• IRDAI Circulars
• Canara Bank Names Dr. Madhavankutty G as Chief Economist • Axis Bank has pledged ₹104 crore over four years to Ashoka University to
enhance its PhD and Post-Doctoral research programs. The funding will
• Easebuzz Secures RBI Authorization as Online Payment Aggregator support the development of advanced research labs in Neurosciences,
Behavioral Studies, and Physics, along with fellowships and grants for
• The Reserve Bank of India (RBI) has authorized Zulia Investments, a scholars.
subsidiary of Temasek Holdings, to raise its stake in AU Small Finance Bank
to a maximum of 7%. This decision underscores Temasek's expanding • Fitch Ratings predicts a 10 basis points decline in Indian banks' net interest
involvement in India's financial sector and AU Small Finance Bank's margins (NIMs) in FY26 due to the RBI’s 25 bps rate cut to 6.25% in
increasing significance. February 2025. Lower lending rates will pressure margins, while deposit
repricing lags. Liquidity constraints may further impact banks' profitability.

• The Reserve Bank of India (RBI) has approved Bank of Maharashtra (BoM)
to set up a branch in GIFT City, Gujarat, strengthening its offshore banking
operations.
 • RBI Fines Shriram Finance, Ujjivan SFB, and Nainital Bank for Violations.
• The Nainital Bank Limited faced a penalty of ₹61.40 lakh for failing to
follow RBI’s norms on ‘Interest Rate on Advances’ and ‘Customer
Service in Banks.’
• Ujjivan Small Finance Bank was fined ₹6.70 lakh for not issuing loan
agreements to some borrowers at the time of loan disbursement.
• Shriram Finance received a penalty of ₹5.80 lakh for not setting up a
system to review risk categorization of accounts periodically, which is
essential for regulatory compliance.

• South Indian Bank has launched 'SIB Quick FD,' a digital service that allows
customers to open Fixed Deposits using UPI, without needing an existing
account with the bank. The process is completely paperless, takes just 5
minutes, and requires minimal documentation (PAN and Aadhaar).

• RBI Ombudsman Called As “रिज़र्वबक

ैं ओम्बड्समैन योजना 2021”

• Bajaj Allianz General Insurance Launched ‘HERizon Care’, India’s 1st • Karnataka Bank celebrated its 100th anniversary on February 18, 2024, by
Comprehensive Health Insurance Plan for Women launching two new financial products—a specialized savings account for
children and a high-interest term deposit scheme.
• Infibeam Avenues’ RediffPay Secures TPAP License from NPCI to Enter
India’s UPI Ecosystem. • SBI Cards has appointed Salila Pande as its new MD & CEO

• Securities and Exchange Board of India (SEBI) launched ‘Related Party • The Life Insurance Corporation of India (LIC) has introduced a new digital
Transaction (RPT) portal’, India’s 1st dedicated platform to monitor and initiative called the ‘One Man Office’ (OMO) to enhance the efficiency of its
analyse RPTs. The portal also aims to bolster transparency and governance agents by providing 24×7 digital services. Launched on February 17, 2025,
in corporate India. this initiative aims to support LIC’s long-term vision of ‘Insurance for All by
2047’ by offering seamless online tools for policy sales, customer service,
and business management. The ‘One Man Office’ initiative is integrated
with LIC’s ANANDA (Atma Nirbhar Agents New Business Digital Application)
platform, which was launched in 2020 to digitize new policy issuance.
• RBI Extends Vakrangee’s WLA Authorization till March 2026

• Decentro Tech Private Limited, a fintech infrastructure platform based in

Bengaluru, Karnataka, has launched India’s first self-hosted CKYC (Central
Know Your Customer) solution in February 2025.

• 'Bima Trinity' schemes move closer to implementation: IRDAI

• SBI Research has revised India’s FY25 GDP growth forecast to 6.3%, down
from earlier estimates, citing a slowdown in lending, manufacturing, and
aggregate demand.

• Bank lending to NBFCs dropped to a four-year low of 6.7% in 2024, as per

RBI data, due to higher risk weights on loans and tighter credit conditions.
This marks a slowdown from previous years, reflecting a cautious lending
environment and regulatory shifts impacting NBFC funding.

• Bajaj Allianz Life Insurance has introduced Bima-ASBA, becoming the first
insurer in India to implement this IRDAI-backed facility. Launched on Feb
22, 2025, Bima-ASBA allows policyholders to block up to ₹2 lakh in their
bank accounts using UPI’s One-Time Mandate instead of paying premiums
upfront.
• The RBI has imposed penalties on Citibank (₹39 lakh), Asirvad Micro • Tamil Nadu (TN) based Indian Overseas Bank (IOB), a public sector lender,
Finance (₹6.20 lakh), and JM Financial Home Loans (₹1.50 lakh) for marked its 89th Foundation Day on February 18, 2025, by launching
regulatory violations. Aadhaar-One-Time Password (OTP) based account opening and Application
Programming Interface (API) banking services in response to the growing
• SEBI has fined Axis Securities ₹10 lakh for multiple regulatory violations, need for automation in corporate banking.
including reporting discrepancies, mishandling client funds, improper
penalty allocation, and inadequate grievance redressal. • The National Securities Depository Limited (NSDL) and Central Depository
Services Limited (CDSL), in collaboration with the Securities and Exchange
• ICRA estimates India’s GDP Growth to Rise to 6.4% in Q3 FY2025. Board of India (SEBI), have launched a Unified Investor Platform to enhance
the way investors manage their portfolios. This platform integrates MyEasi
• "IRDAI Forms Committee Under Ex-SBI Chairman Dinesh Khara to Review by CDSL and SPEED-e by NSDL, offering a consolidated view of
Insurance Law Amendments“. shareholdings, investments, and financial statements.

• Moody’s Projects India’s GDP Growth to Slow to 6.4% in 2025 • Paytm Launched India’s First Solar-Powered Payment Soundbox for
Merchants
• The RBI has launched Financial Literacy Week 2025 from February 24-28, • The Association of Mutual Funds in India (AMFI) has introduced three
focusing on "Financial Literacy: Women's Prosperity." This initiative aims to initiatives—Chhoti SIP, Tarun Yojana, and MITRA—to enhance financial
empower women with financial knowledge, improve their access to inclusion and investor awareness. Chhoti SIP offers a ₹250 Systematic
banking, credit, and investments, and enhance economic inclusion. Investment Plan, making mutual funds accessible to first-time and
underserved investors.
• IndusInd Bank has unveiled its collaboration with the Professional Golf Tour
of India (PGTI) as its official Banking Partner. This alliance is designed to • The Securities and Exchange Board of India (SEBI) has fined the Indian
elevate the banking experience for Ultra High Net Worth Individuals Clearing Corporation Ltd. (ICCL), a subsidiary of BSE Ltd., ₹5.05 crore for
(UHNIs) and High Net Worth Individuals (HNIs) through the PIONEER regulatory breaches. The penalty was imposed after an inspection
Program. uncovered non-compliance with SEBI’s cybersecurity framework, IT asset
management.
• PNB Partners with ITBP to Provide Exclusive Banking Benefits
• Indian corporate profits grew 15.3% in FY24, even as sales increased by just
• Muthoot Finance Gets RBI Nod to Open 115 New Branches 5.5%, driven by cost-cutting measures. The services sector led with 6.8%
sales growth and 38.1% PAT surge, while manufacturing struggled with
4.1% sales growth but managed a 7.6% PAT rise.

• South Indian Bank Launches ‘SIB QUICKPL’, a Fully Digital Personal Loan • Axis Bank has launched the 9th edition of its knowledge-sharing seminar,
Platform Evolve, to help Micro, Small, and Medium Enterprises (MSMEs) adapt to
the changing business landscape. This year’s theme, “Future-Proofing
• S&P Global Market Intelligence Projects India’s GDP to Grow at 6.4% in MSMEs for the New-Age Business,”. Since 2014, Evolve has impacted over
FY25 and FY26 9,000 entrepreneurs across 50+ cities.

• HDFC Bank Launches India’s First Salary Account ‘Anmol Savings Account’
for PSU Employees with a cyber fraud protection.
 RBI/SEBI/IRDAI Circular

Covered Separately in separate monthly pdf and for more details join the following session:

Regulatory Bodies by Veer Ashutosh

Veer Ashutosh

Regulatory Bodies by Veer Sir