RBI’s approval for Warburg Pincus to invest in IDFC First Bank: The Reserve Bank of India (RBI) has granted approval to Warburg Pincus, a prominent global private equity firm, to acquire up to 9.99% stake in IDFC First Bank. The ₹4,876 crore investment is expected to enhance the bank’s capital base and support its growth […]
Category: Economics Current Affairs
SBI Adjudged World’s Best Consumer Bank 2025 by Global Finance Magazine
SBI Adjudged World’s Best Consumer Bank 2025 by Global Finance Magazine: The State Bank of India (SBI) has been named the World’s Best Consumer Bank for 2025 by the reputed Global Finance magazine, recognizing the bank’s customer-centric innovations and strong digital presence. This global recognition reinforces SBI’s commitment to inclusive and modern banking.SBI, India’s largest […]
Public Sector Banks Write Off Over ₹12 Lakh Crore In last 9 Years
Public Sector Banks Write Off Over ₹12 Lakh Crore In last 9 Years: The Ministry of Finance recently informed the Rajya Sabha that Public Sector Banks (PSBs) have written off more than ₹12 lakh crore in non-performing assets (NPAs) between FY2016 and FY2025. Despite the massive write-offs, efforts to recover the loans continue under various […]
SBI’s Raise The Amount Of ₹25,000 Crore Via QIP
SBI’s Raise The Amount Of ₹25,000 Crore Via QIP: The State Bank of India (SBI) achieved a historic milestone on July 22, 2025, by successfully executing India’s largest-ever Qualified Institutional Placement (QIP), raising ₹25,000 crore. The QIP was oversubscribed 4.5 times, indicating robust investor confidence in India’s banking sector and economic trajectory. With strong participation […]
NABARD Celebrates 44 Years
NABARD Celebrates 44 Years: The National Bank for Agriculture and Rural Development (NABARD) recently celebrated its 44th Foundation Day, reaffirming its commitment to rural development, financial inclusion, and institutional strengthening. Established in 1982, NABARD plays a pivotal role in enabling sustainable and inclusive growth in India’s rural landscape. The celebration was marked by events, documentaries, […]
Codex Alimentarius
Codex Alimentarius: India’s millet standard and leadership in Codex committees were appreciated at the 88th Codex Executive Committee (CCEXEC88) in Rome. Codex Alimentarius is a collection of internationally recognized food standards, guidelines, and codes of practice. It promotes food safety, consumer protection, and fair-trade practices in international food commerce. Established in: 1963 by FAO and […]
Kerala’s KITE Initiative
Kerala’s KITE Initiative: Kerala’s KITE initiative has gained national and international attention for ethically integrating Artificial Intelligence (AI) in school education, with UNICEF recognising it as a global best practice in responsible EdTech. Kerala Infrastructure and Technology for Education (KITE) is the technology arm of Kerala’s General Education Department. It was established to integrate digital […]
Ajay Kumar Shrivastava Appointed Director (Engineering & R&D), HAL
Ajay Kumar Shrivastava Appointed Director (Engineering & R&D), HAL: Ajay Kumar Shrivastava has officially assumed the role of Director (Engineering and R&D) at Hindustan Aeronautics Limited (HAL), one of India’s premier aerospace and defence public sector undertakings. With 37 years of experience in aircraft design and development, Shrivastava’s appointment marks a significant move in advancing […]
EximPe Gets RBI Approval for Cross-Border Payment Aggregator License
EximPe Gets RBI Approval for Cross-Border Payment Aggregator License: EximPe has received in-principle approval from the Reserve Bank of India (RBI) to operate as a Payment Aggregator – Cross Border (PA-CB). This move is expected to bolster cross-border digital transactions and e-commerce trade, particularly in the India-Asia corridor. As cross-border payments become more integral to […]
3rd edition of Trade Watch Quarterly for FY 2024-25
3rd edition of Trade Watch Quarterly for FY 2024-25: NITI Aayog (National Institution for Transforming India) released the 3rd edition of its Trade Watch Quarterly report for Q3 of FY 2024–25 (October to December 2024). It offers a comprehensive analysis of India’s trade trends. Key Findings of the Trade Watch Quarterly Report for Q3 of […]
