Category: Economics Current Affairs

Karnataka Bank MD and Executive Director resign: Karnataka Bank’s Managing Director & CEO, Srikrishnan Hari Hara Sarma, and Executive Director Sekhar Rao have tendered their resignations, both citing personal reasons. The resignations, effective in July 2025, come amid the bank’s ongoing transformation drive. In response, the Board of Directors has formed a search committee to […]

IRDAI Fines Edelweiss Life ₹1 Crore for Corporate Governance Violations: The Insurance Regulatory and Development Authority of India (IRDAI) has imposed a penalty of ₹1 crore on Edelweiss Life Insurance Company. The fine was levied following the company’s failure to adhere to corporate governance guidelines, particularly those related to outsourcing norms and policyholder KYC compliance.The […]

Sagarmala Finance Corporation Limited: The Union Minister of Ports, Shipping & Waterways (MoPSW) inaugurated Sagarmala Finance Corporation Limited (SMFCL). It is India’s first Non-Banking Financial Company (NBFC) in the maritime sector. It was formerly known as Sagarmala Development Company Limited. SMFCL —a Mini Ratna, Category-I, Central Public Sector Enterprise—has been formally registered as a Non-Banking […]

India Posts $13.5 Billion Current Account Surplus in Q4 FY25: The country reported a current account surplus of $13.5 billion equivalent to 1.3% of GDP for the fourth quarter of FY25, according to data released by the Reserve Bank of India (RBI). This marks a stark reversal from the $11.3 billion deficit recorded in the […]

Sonowal Unveils Sagarmala Finance Corporation to Boost Maritime Financing: Union Minister Sarbananda Sonowal inaugurated the country’s first Non-Banking Financial Company (NBFC) dedicated to maritime development – the Sagarmala Finance Corporation Limited (SMFCL). The launch marks a significant step in bridging critical financial gaps in the sector and aligns with India’s Maritime Amrit Kaal Vision 2047, […]

JioBlackRock Broking Gets SEBI Nod to Launch Brokerage Operations: JioBlackRock Broking Pvt. Ltd., a subsidiary of JioBlackRock Investment Advisers Pvt. Ltd., has received regulatory approval from the Securities and Exchange Board of India (SEBI) to begin operations as a brokerage firm. The entity is part of a 50:50 joint venture between Jio Financial Services Ltd. […]

RBI has reduced the Priority Sector Lending target for Small Finance Banks: The Reserve Bank of India (RBI) has reduced the Priority Sector Lending (PSL) target for Small Finance Banks (SFBs) from 75% to 60% to enhance lending flexibility and profitability.RBI’s revised PSL norms aim to ease lending restrictions for SFBs, allowing them to diversify […]

Digital Payment Intelligence Platform : RBI The Reserve Bank Of India has roped in major public and private sector banks to develop the Digital Payment Intelligence Platform (DPIP) as a Digital Public Infrastructure (DPI). It seeks to bolster fraud risk management by facilitating real-time intelligence sharing and gathering, thereby preventing fraudulent digital transactions. The institutional […]

Coffee Export Surge: India’s coffee exports surged over 25% in FY2025-26, continuing a record-breaking trend after 40% growth last year, according to the Coffee Board of India.India has recorded 25%+ export growth so far this year, after achieving US$1803 million in coffee exports in FY2024-25, up from US$1286 million in FY2023-24.India is the 7th largest […]