DAILY GK 15 NOV 2025
1.
SBI SURPASSES RS.100 TRILLION IN BUSINESS,
·
State Bank of India (SBI),
crossed the USD 100 billion market capitalization (market cap) for the first
time, after its total business including deposits and advances,
surpassed Rs.100 trillion.
·
With this, SBI becomes
the sixth Indian company, alongside
Reliance Industries Limited (RIL),
Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, and Infosys,
to reach a USD 100 billion valuation.
·
Its Gross Non-Performing Asset (GNPA) ratio declined to 1.73%, while
Net Non-Performing Asset (NNPA) improved to 0.42%.
2.
RBI PROPOSES 70% CAP ON FINANCING FOR ACQUISITIONS AND LIMITS
ON CME
·
The
Reserve Bank of India (RBI) issued the draft circular on
acquisition financing that proposes to
allow banks to finance as much as 70% of the acquisition value, provided the
rest 30% comes from acquirer.
·
This means if the acquisition
cost is Rs 10,000 crore (cr), banks can lend up to Rs 7,000 cr to fund the acquirer.
·
The RBI has proposed that the aggregate exposure of a bank to acquisition finance shall not
exceed 10% of its Tier-1
Capital.
·
Acquiring Company must be a listed entity with a satisfactory net worth and a
profit-making track record for the last three years.
·
Financial intermediaries such as Non-Banking Financial Company (NBFCs) and
Alternative Investment Fund (AIFs) are not eligible borrowers.
·
RBI’s new CME rules: The RBI in the draft guidelines, stated that banks’ total direct investments
in capital markets and acquisition finance must not exceed 20% of their tier 1 capital.
·
Additionally, the RBI proposed that the aggregate capital
market exposure of banks should not exceed 40% of their tier 1
capital.
3.
RBI TO IMPLEMENT ECL FRAMEWORK, FULL BASEL – III NORMS
·
Expected Credit Loss (ECL) framework: The ECL model moves away from the
traditional incurred-loss approach to a forward-looking method, requiring banks
to provision for possible future losses based on detailed credit risk
assessment and broader data signals.
·
The RBI proposed that the framework is proposed to be made
applicable to all Scheduled Commercial Banks (excluding Small Finance Banks
(SFBs), Payment Banks (PBs), Regional Rural Banks(RRBs)) and All India
Financial Institutions (AIFIs) with effect from April 1, 2027.
·
Basel –III: It is proposed to make the revised
Basel III capital adequacy norms effective for commercial banks (excluding
SFBs, PBs and RRBs) from April 1, 2027.
·
Basel – III: India’s Basel III capital ratios are
higher than the global minimum Basel III norms. Under the Basel III framework
globally, the minimum capital adequacy ratio (CAR) is 8%, plus a capital
conservation buffer (CCB) of 2.5%, totaling 10.5%. In contrast, the RBI
mandates a higher minimum CAR of 9% and including CCB it is 11.5%.
4.
NIPL PARTNERED WITH BENEFIT FOR FASTER
REMITTANCES BETWEEN INDIA AND BAHRAIN
·
NPCI International Payments Limited (NIPL), the
international subsidiary of the
National Payments Corporation of India (NPCI),
has entered into strategic partnership with BENEFIT, a
leading fintech and electronic financial transactions company in Bahrain, to
foster real-time cross-border remittances between India and Bahrain.
·
Under this collaboration,
India’s Unified Payments Interface (UPI) will be
connected with Bahrain’s Electronic Fund Transfer System (EFTS), specifically, Fawri+
service, enabling users in both countries to send and receive money
instantly and securely.
·
By connecting UPI and Fawri+ service, the initiative
aims to set up a strategic remittance corridor between India and Bahrain.
·
In
November 2025, NPCI Bharat BillPay
Limited (NBBL), a wholly-owned subsidiary of
NPCI in partnership with Clearcorp Dealing Systems (India) Limited (Clearcorp), 100%
subsidiary of the Clearing Corporation of India Limited (CCIL) has
introduced Forex category on Bharat connect.
·
NPCI Headquarters- Mumbai.
·
Established- 2008.
5.
RBI RECOGNISED SRPA AS SRO FOR PAYMENT SYSTEM OPERATORS
·
The
Reserve Bank of India (RBI) recognized the Self-Regulated Payment System Operators
(PSO) Association (SRPA) as the Self-Regulatory Organization (SRO) for
Payment System Operators(PSOs) in India.
·
As
per RBI directions, SRPA recognised as an SRO, has been mandated to set up behavioural and professional standards for its
members, resolve inter-PSO disputes, and act as the collective voice of the
payments industry in consultations with the RBI and other authorities.
·
SRPA Members: Infibeam Avenues (CC Avenue), BillDesk, Razorpay,
PhonePe, CRED, Mobikwik, Mswipe, Euronet, Spice Money, Unimoni, In Solutions,
Zokudo, among others.
·
Total SROs: At present, four SROs
have been recognised: Sa-Dhan and Microfinance Network (MFIN) for
microfinance, Fintech Association for Consumer Empowerment (FACE) for the
fintech sector (Aug 2024), and (FIDC) for Non-Banking Financial Companies
(NBFCs) sector (in October 2025).
6.
DFS LAUNCHED STARTUP COMMON APPLICATION JOURNEY FOR STARTUPS
·
The
Department of Financial Services (DFS) under the
Ministry of Finance (MoF) launched the “Startup
Common Application Journey” on Jan Sammarth portal aimed
to provide a unified digital platform for startups to access credit across all
Indian Public Sector Banks (PSBs).
·
It
was developed by the Indian Banks’ Association (IBA) in
partnership with PSB Alliance.
·
This
new initiative supported by a Model Loan Scheme, offers loans up to Rs 20 crore
under the Government of India (GoI)’s Credit Guarantee Scheme for
Startups (CGSS), operated by the National Credit
Guarantee Trustee Company (NCGTC)under the aegis of
Department for Promotion of Industry and Internal Trade (DPIIT) under the
Ministry of Commerce & Industry (MoC&I).
·
The scheme also offers
special interest concessions for women
entrepreneurs.
·
The
digital platform integrates key data
sources such as: Permanent Account Number (PAN), Good and Services Tax
(GST), Udyam registration, Income Tax Returns (ITR), and credit bureau
information, ensuring faster processing and greater transparency.
·
Jan Samath Portal: Jan Samarth portal launched in June
2022, acts as a single-digital platform that links
eligible beneficiaries with 14 credit-linked
government schemes.
7.
MOODY’S PROJECTED INDIA’S GDP TO GROW AT 6.5%
·
American
global rating agency, Moody’s Ratings (formerly
Moody’s Investors Service) released its latest report titled ‘Global Macro 2026: Growth will be steady
but subdued in 2026’.
·
As
per the report, India’s Gross Domestic Product (GDP) is expected to grow
by around 6.5% through 2027.
·
India’s GDP is expected
to grow at 6.4% in 2026, following 7% growth in
2025, according to Moody’s.
·
The
report has also projected that global
GDP is expected to grow between 2.5% and 2.6% during
2026 and 2027, marking a decline from 2.6% (in 2025) and 2.9% (in 2024).
8.
NATIONAL CANCER AWARENESS DAY 2025 – NOVEMBER 7
·
National Cancer Awareness
Day (NCAD) is observed every year on 7th
November across India to promote awareness about cancer
prevention, early detection, and treatment.
·
November 7 was chosen to mark the birth anniversary of Marie
Curie (born on 7 November 1867), the Polish-born French physicist who won two Nobel Prizes in Physics (1903) and Nobel Prizes in Chemistry (1911).
·
The lavender
ribbon represents support for people affected by all types of
cancer.
9.
137TH BIRTH ANNIVERSARY OF CV RAMAN – 7TH NOVEMBER
2025
·
India commemorates
the 137th birth anniversary of the eminent
physicist Sir Chandrasekhara Venkata (C.V) Raman,
widely known as Dr. C. V. Raman, for his remarkable
contributions to the study of light
scattering.
·
He was the first Indian
physicist to win the 1930 Nobel Prize in Physics for
discovering the Raman Effect, which explains the
scattering of light by molecules.
·
He was Born on 7th
November 1888 in Tiruchirappalli, Tamil Nadu (TN).
·
He became the first Indian Director of Indian Institute
of Science (IISc)Bengaluru, Karnataka (1933–1937) and continued to lead its
Physics Department until 1948.
·
He discovered the Raman Effect in 1928, co-discovered quantum photon
spin in 1932, and advanced acoustics studies like the ‘Raman Curve,’ pioneering modern Indian physics.
·
Other Awards Bharat
Ratna (1954), Knighthood (1929).
10.
INTERNATIONAL DAY OF RADIOLOGY 2025- NOVEMBER 8
·
International
Day of Radiology (IDoR) or World Radiography Day is
annually observed across the globe on 8 November to
honor the vital role of radiographers and radiological technologists in
healthcare.
·
The
IDoR was established in 2011 as a follow-up to the European
Day of Radiology (EDoR), which was held once on 10
February 2011 to mark Wilhelm Conrad Röntgen’s death anniversary.
·
She
was a German physicist and the first recipient of the Nobel Prize in Physics
(1901).
·
Radiology is a medical specialty that employs imaging technology to detect and treat
conditions affecting the human and animal body.
·
Types: Radiology is broadly classified into two types : Diagnostic
Radiology, which uses imaging techniques such as Positron Emission
Tomography (PET), Computed Tomography (CT), Ultrasound, X-ray and Magnetic
Resonance Imaging (MRI) and ultrasound to detect diseases.
·
Interventional Radiology,
which employs imaging guidance for minimally invasive treatments and
procedures.
