Latest economy and banking current affairs for SBI PO, IBPS PO, RBI Grade B, and other banking exams. Includes RBI policy, monetary policy, budget updates, and financial news.
Economy & Banking current affairs for Banking (SBI, IBPS), RBI Grade B, UPSC and SSC exams. Practice the latest Economy & Banking MCQs, important exam-ready facts and updates on RBI monetary policy, budget, banking sector and financial-market updates — refreshed regularly for 2026.
Practice the latest Economy & Banking current affairs MCQs for Banking (SBI, IBPS), RBI Grade B, UPSC and SSC exams. This week's Economy & Banking quiz has 12 timed questions with answers and detailed explanations — a quick way to test your revision before the exam.
The boards of PFC and REC approved merging REC into PFC at an 88:100 share-swap ratio, creating India's largest power-sector financier with a loan book over Rs 11 lakh crore.
Kotak Mahindra Bank said its MD & CEO Ashok Vaswani will not seek reappointment after his term ends on December 31, 2026.
India's foreign exchange reserves climbed to $672.587 billion in the week ended June 19, led by a jump in gold reserves.
The RBI has notified rules giving victims of small-value digital banking fraud compensation of up to Rs 25,000.
On June 25, 2026, Amazon CEO Andy Jassy met PM Modi in New Delhi and announced an additional $13 billion for AI and cloud infrastructure, taking Amazon's total planned India investment to a record $48 billion between 2026 and 2030.
On June 24, 2026, the RBI released a draft 'Guidance on Regulatory Principles for Model Risk Management, 2026', proposing board-approved governance, human oversight and safeguards for models — including AI and machine-learning systems — used by banks, NBFCs and other regulated entities.
Effective June 24, 2026, the RBI simplified NBFC-Upper Layer identification: any non-banking financial company with assets of Rs 1 lakh crore or more is now automatically classified in the Upper Layer, replacing the earlier parametric scoring model.
On June 25, 2026, the RBI notified the final Credit Derivatives Directions, 2026, letting resident non-retail users freely use Credit Default Swaps and the newly introduced Total Return Swaps, while non-residents may use them only for hedging.
On June 24, 2026, the RBI finalised a revised customer-compensation framework for digital-payment fraud — capping relief at Rs 25,000, introducing a 'shadow reversal' provisional credit, and deferring the start to January 1, 2027.
Kolkata-based defence shipbuilder Garden Reach Shipbuilders & Engineers (GRSE) was granted Navratna status on June 19, 2026, becoming the 29th Navratna central public sector enterprise.
The Ministry of Mines auctioned 10 critical and strategic mineral blocks under the seventh tranche, taking the total successfully auctioned to 56, with exploration-licence blocks rising to 11.
India's eight core industries grew just 0.5% year-on-year in May 2026 — a seven-month low — dragged down by contractions in coal and petroleum products.
SEBI's new GARUDA mechanism lets eligible AIFs start fundraising in 10 working days instead of 30.
Top Indian banks are tapping RBI's fixed-rate swap incentive to raise over $2 billion in external commercial borrowings.
The World Bank's board approved a $1.5 billion Development Policy Financing operation to back India's structural reforms and boost private-sector job creation.
Minutes of the RBI's June 3-5 Monetary Policy Committee meeting, released June 19, show a unanimous decision to hold the repo rate at 5.25% with a neutral stance amid West Asia and monsoon risks.
SEBI's board on June 19 brought back open-market share buybacks via stock exchanges from August 1, alongside intraday borrowing for mutual funds and faster AIF launches.
Jio Platforms filed its draft IPO papers with SEBI on June 19, offering up to 27 crore fresh shares (~$3 billion), as Mukesh Ambani announced the move at Reliance's 49th AGM.
The Finance Ministry ratified an 8.25% EPF interest rate for FY26 — unchanged for a third year — to be credited to over 7 crore members this month.
The National Stock Exchange filed its DRHP with SEBI on June 17, 2026 for an IPO of about Rs 30,000 crore — entirely an Offer for Sale of around 6% of paid-up capital.
The RBI lifted interest-rate ceilings on fresh FCNR(B) (3-5 yr) and NRE (3 yr+) deposits till September 30, 2026 to attract more NRI inflows.
Fintech major Razorpay filed a confidential pre-DRHP with SEBI for an IPO estimated at Rs 5,000-6,000 crore.
India's WPI inflation rose to a series high of 9.68% in May 2026, driven by surging fuel and crude prices.
SpaceX's IPO, the largest ever, sent its shares surging on Nasdaq and made Elon Musk the world's first trillionaire.
India's CPI-based retail inflation rose to 3.9% in May 2026 from the previous month.
The World Bank projected India will remain the world's fastest-growing major economy with 6.6% growth in FY27, down from 7.2% the previous year, citing higher energy and input costs, with a rebound to 7.2% expected in FY28.
SpaceX made a blockbuster Wall Street debut with a $75 billion IPO priced at $135 a share, and the surge briefly pushed Elon Musk's net worth past $1 trillion, making him the world's first trillionaire.
At its June 2026 review, the RBI's MPC unanimously kept the repo rate unchanged at 5.25% with a neutral stance, and unveiled steps to attract foreign inflows to support the rupee.
Alongside its June 2026 policy, the RBI announced measures to attract foreign capital — expanding the Fully Accessible Route, easing FPI norms, supporting FCNR(B) deposits and (with the govt) exempting FPIs from tax on G-sec income.
Official data released on June 5, 2026 showed India's GDP grew 7.8% in the January–March 2026 quarter, lifting full-year FY26 growth to 7.7%, beating market expectations.
The RBI's Monetary Policy Committee kept the repo rate unchanged at 5.25% on June 5, 2026, retaining a neutral stance while cutting FY27 growth to 6.6% and raising inflation to 5.1%.
India met its FY2025-26 fiscal deficit target of 4.4% of GDP, aided by prudent expenditure management and strong net tax receipts.
Persistent Systems announced a voluntary public takeover of German digital-engineering firm Nagarro for about €1.1 billion.
India's DGTR has initiated an anti-dumping investigation into hot-rolled flat steel imports from China, Japan and Russia.
IRDAI is advancing a major reform push, including a new paper on insurance distribution, a Public Insurance Registry and the phased rollout of the Bima Sugam digital marketplace.
The RBI issued draft directions to broaden participation in the term money market and to simplify retail access to government securities.
On June 25, 2026, the Asian Development Bank approved a $42.2 million Small Expenditure Financing Facility to build an integrated bamboo economy across six northeastern states, aligned with the National Bamboo Mission.
Insurance regulator IRDAI has released draft rules proposing to tag every policy to the person who sold it and to raise the maximum penalty tenfold to Rs 10 crore, to curb mis-selling.
The RBI has revamped the Lead Bank Scheme to strengthen district-level credit planning and deepen financial inclusion.
Commerce Minister Piyush Goyal said India's merchandise exports rose ~15% in April-mid June and are on track to hit the $1 trillion FY27 target.
SBI Funds Management, India's largest mutual fund house, has secured SEBI approval for an IPO via an Offer for Sale.
SEBI allowed Alternative Investment Funds to retain liquidation proceeds beyond fund life and introduced an 'inoperative fund' framework.
The RBI issued final guidelines defining mis-selling and curbing aggressive selling of financial products by banks and influencers.
India and the UAE are intensifying efforts to expand local-currency (rupee-dirham) trade settlement, which already covers over 15% of bilateral trade.
SEBI Chairman Tuhin Kanta Pandey said the regulator is reviewing several frameworks to make capital markets more efficient.
SEBI Chairman Tuhin Kanta Pandey said the regulator will review its delisting framework to ease company exits, alongside LODR, KYC and AI-related norms, as part of a broader capital-market reform drive.
India's foreign exchange reserves declined by $711 million to $681.610 billion as of June 5, as a drop in foreign currency assets outweighed a rise in gold reserves, per RBI data.
India recorded a current account surplus of $7.1 billion in the January-March quarter of FY26, driven by strong services exports and remittances, though it was lower than the year-ago surplus.
The State Bank of India handed a dividend cheque of Rs 8,813 crore to the government for FY26, after reporting a 6% rise in Q4 net profit to Rs 19,684 crore.
The RBI ruled that banks' swap deals for foreign-currency funds will not count towards their overnight foreign-currency market position limit, easing a constraint to encourage foreign-currency inflows.
Central government employee unions are pushing for a higher fitment factor under the 8th Pay Commission, with the debate centred on 3.833 versus 4 and its impact on basic pay, pensions and allowances.
The price of a 14.2-kg domestic LPG cylinder was hiked by ₹29, raising household cooking-gas costs.
The number of registered investor accounts on the National Stock Exchange (NSE) crossed 26 crore, reflecting surging retail participation in Indian markets.
The RBI is weighing the introduction of polymer (plastic) currency notes and is likely to run a pilot, the Governor indicated, as cash in circulation continues to rise.
The RBI imposed a penalty of ₹41.80 lakh on Canara Bank for non-compliance with certain norms, including Know Your Customer (KYC) and inoperative-accounts directions.
India's seafood exports touched a record $8.46 billion in 2025-26, as per MPEDA, driven by frozen shrimp and expanding markets.
The Reserve Bank of India launched two key surveys that feed into its assessment of consumer confidence and household inflation expectations.
India revised the Index of Industrial Production (IIP) to a new base year of 2022-23, adding 120 new item groups; industrial output grew 4.9% in April.
Ahead of the June 2026 MPC meeting, the RBI is widely expected to hold the policy rate steady amid rising inflation risks and global uncertainty, with FY27 GDP pegged around 6.6%.
The central government notified export duty rates on petrol, diesel and aviation turbine fuel (ATF) for the fortnight beginning June 1, 2026.
Economy & Banking current affairs cover RBI monetary policy, budget, banking sector and financial-market updates. These are frequently tested in Banking (SBI, IBPS), RBI Grade B, UPSC and other government exams, so revising them regularly helps in both prelims and mains.
Use the latest Economy & Banking MCQs on this page for quick revision, then attempt the full timed Economy & Banking quiz to test recall under exam-like conditions.
Economy & Banking current affairs on TestNeeti are updated regularly as new developments are published, with the most recent and exam-important items surfaced first.
Recent high-value Economy & Banking topics include PFC-REC merger, NBFC-IFC, Power sector financing, PSU consolidation — all covered with key facts and MCQs on this page.
Economy & Banking current affairs are important for these competitive exams:
