Category: Economics Current Affairs

RBI Hikes Agency Commission for Banks on Government Transactions: The Reserve Bank of India (RBI) has revised the agency commission rates paid to banks for handling government business transactions. Effective from April 1, 2025, the revised structure includes increased payouts for electronic revenue transactions, pension disbursements, and non-pension government payments, signaling RBI’s intent to bolster […]

RBI Relocates Andhra Pradesh Regional Office to Vijayawada: The Reserve Bank of India (RBI) has officially relocated its Andhra Pradesh regional office to Vijayawada. The new office was inaugurated on June 16, 2025, by Deputy Governor T. Rabi Sankar, marking a significant step in enhancing the central bank’s operational effectiveness and outreach in the state.The […]

TCS Joins Hands with CEB to Streamline Financial Operations: Tata Consultancy Services (TCS) has partnered with the Council of Europe Development Bank (CEB), headquartered in Paris, to streamline the bank’s complex financial transactions. As part of this collaboration, TCS will implement its AI-driven solution, TCS BaNCSTM for Reconciliations, to automate and modernise CEB’s reconciliation processes […]

Zero-Coupon Bonds: The Power Finance Corporation withdrew zero-coupon bonds issuance due to weak investor demand. These are a debt instrument that does not pay periodic interest but is issued at a discount rate to its face value. These are also known as discount bonds, are issued at a discount on the bond’s face value and […]

IREDA Bags ‘Excellent’ Ratings: The Indian Renewable Energy Development Agency Ltd. (IREDA) was awarded an ‘Excellent’ rating for its exceptional performance in the Power and NBFC sectors by the Department of Public Enterprises (DPE). IREDA received the ‘Excellent’ rating for the fourth consecutive year, based on its annual performance for FY 2023-24. This recognition highlights […]

RBI’s LTV Norm Revision to Boost NBFC Gold Loan Growth: The Reserve Bank of India (RBI) has issued final directions allowing higher loan-to-value (LTV) ratios for gold loans, a move that is expected to benefit non-banking financial companies (NBFCs) that dominate this lending segment. According to Crisil Ratings, this breather in LTV ceiling especially for […]

SEBI’s New Verified UPI Mechanism: SEBI has announced a new verified UPI ID system for registered market intermediaries, effective from October 1, 2025, to curb rising cases of cyber fraud and impersonation in securities transactions. SEBI’s New Verified UPI Mechanism: A validated UPI payment framework for SEBI-registered intermediaries featuring exclusive UPI handles ending with @valid. […]

DFCC Bank Becomes First Foreign Entity to List Bond on NSE IX at GIFT City: DFCC Bank PLC of Sri Lanka has become the first foreign corporate to list a bond on India’s National Stock Exchange – International Exchange (NSE IX) at GIFT City, Gujarat. This secondary listing of its LKR 2.5 billion green bond […]

Gyan Post Service: India Post launched the ‘Gyan Post’ service to deliver educational books and socio-cultural literature at affordable rates across India.The initiative supports the vision of ‘Har Ghar Gyan, Har Sapne Ko Udaan’. Gyan Post is a postal delivery service introduced by the Department of Posts under the Ministry of Communications to deliver non-commercial […]

Scapia & Federal Bank Launch Dual-Network RuPay-Visa Credit Card: Travel-focused fintech platform Scapia, in collaboration with Federal Bank, has launched the Scapia Federal RuPay Credit Card, a dual-network credit card integrating Visa and RuPay. The card supports UPI, international usage, and offline and online payments, all consolidated in a single credit statement, targeting mobile-first travelers […]