DAILY GK 6 DEC 2025
1.
BI IMPOSES PENALTY ON HDFC BANK AND MANNA
KRISHNA INVESTMENTS
·
The Reserve Bank of India (RBI) imposed
penalties on HDFC Bank and Mannakrishna
Investments Private Limited for lapses in regulatory compliance, emphasizing the need for strict
adherence to banking and financial norms.
·
The RBI has imposed a Rs.91 lakh penalty on
HDFC Bank for multiple regulatory
violations, including non-compliance with the Banking Regulation Act, 1949, lapses in Know Your Customer (KYC) procedures, failures in outsourcing
compliance, and irregularities in handling interest-rate and loan
benchmarks.
·
The RBI also imposed a Rs.3.10 lakh penalty on
Mannakrishna Investments Private Limited,
a Non-Banking Financial Company, (NBFC),
for governance-related violations.
·
The company altered its board composition without
obtaining prior approval from the regulator, thereby breaching the NBFC –
Scale Based Regulation Directions, 2023.
2.
SBI & BOI SIGNED MOU TO
ESTABLISH COE FOR STRATEGIC LEADERSHIP
·
State Bank of India (SBI), India’s
largest Public Sector Bank (PSB) and Bank of India (BOI), leading
PSB in India, have signed a Memorandum of Understanding (MoU) to
jointly drive a Centre of Excellence (CoE) in Strategic Partnership.
·
This new initiative aims
to bolster leadership and expertise in
project financing across India.
·
Through this collaboration,
both PSBs will be able to explore joint financing of large-scale projects,
using their combined strengths to fund key infrastructure and industrial
projects across the country.
3.
INDIA’S GDP GROWTH –NSO
·
The National
Statistical Office (NSO), Ministry of Statistics and Programme Implementation
(MoSPI) released the Quarterly Estimates (QE) of Gross Domestic Product
(GDP) for 2nd Quarter (Q2:
July-September) of the Financial Year
2025-26(FY26).
·
As per the NSO latest
data, India’s Real GDP is estimated
at Rs 48.63 lakh crore in Q2FY26 compared
to Rs 44.94 lakh crore registered in Q2FY25, registering a 6-Quarter high
growth rate of 8.2%.
·
Nominal GDP saw a growth
rate of 8.7% in Q1 of FY26.
·
It is estimated to reach Rs
85.25 lakh crore (in Q2FY26) as against Rs 78.40
lakh crore (in Q2FY25).
·
The report highlighted that India’s GDP growth rate was mainly driven by significant
increase in the manufacturing sector which
registered a growth rate of 9.1% (Q2FY26) over 7.7%
in Q1 of FY26 and 2.2% in the same period last year.
·
It is followed by financial, real estate and professional
services (10.2%) and public administration defence services (9.7%).
·
The primary sectors
including agriculture and mining, registered 3.1% Year-on-Year
(Y-o-Y) growth compared to 3.5% in the corresponding period of FY25.
·
Real Private Final
Consumption Expenditure (PFCE), used to measure household consumption demand, recorded a growth rate
of 7.9% in Q2FY26 over the 6.4% growth rate in the
corresponding quarter of previous financial year.
4.
RBI FIVE-YEAR NATIONAL FINANCIAL INCLUSION STRATEGY:
NSFI:2025-30
·
The “National Strategy for Financial Inclusion (NSFI):2025-30”,
approved by the Sub-committee of the
Financial Stability and Development Council (FSDC-SC) in
its 32nd meeting, was formally released by Sanjay Malhotra, Governor, Reserve
Bank of India (RBI).
·
The strategy of NSFI 2025-30 is anchored in five objectives, termed “Panch-Jyoti”
supported by 47 action points: Expanding equitable and affordable services, promoting women-led inclusion, linking
finance with livelihoods, leveraging
financial education, and strengthening
customer protection.
·
The NSFI 2025-30 has been developed under the Technical Group on Financial Inclusion and
Financial Literacy (TGFIFL), following consultations nationwide with
multiple stakeholders.
5.
RBI’S ANNUAL REPORT OF OMBUDSMAN SCHEME 2024-25
·
The Reserve Bank of India (RBI) released the
‘Annual Report of the Ombudsman Scheme 2024-25’ under the
Reserve Bank -Integrated Ombudsman
Scheme (RB-IOS), 2021.
·
According to the report,
total RBI Ombudsman complaints rose
13.55% in Financial Year 2024-25 (FY25),
increasing from 11,75,075 in FY24 to 13,34,244.
·
The ORBIOs handled 2,96,321 complaints
in FY25, marking a 0.82% increase
from 2,93,924 complaints recorded in FY24.
·
Despite the increase in volume, the number of complaints per lakh bank accounts declined to 7.7 from
8.9.
·
The States / Union Territories (UTs) of Chandigarh,
Delhi, Gujarat, Maharashtra and Rajasthan were
the top five contributors to the
complaints at the ORBIOs in terms of complaints received per lakh accounts.
·
Mizoram,
Nagaland, Ladakh, Manipur, and Meghalaya reported the lowest number of complaints per lakh
accounts.
·
Complaints against the banks formed the largest portion accounting for 81.53% of
complaints received by the ORBIOs, followed
by Non-Banking Financial Companies (NBFCs) accounting for 14.80% during
FY25.
·
Among the banks, the private
sector banks accounted for the
highest share of complaints at 37.53% in FY25, while Public Sector Banks(PSBs) recorded a lower share of complaints at
34.80%.
·
Complaints related to Loan and Advances was
the highest at 29.25% in FY25.
·
Complaints related to Credit
Cards increased by 20.04% and has
become the second highest contributor of
complaints.
6.
SBI, HDFC BANK, & ICICI BANK CONTINUE TO BE
IDENTIFIED AS D-SIBS: RBI
·
The Reserve Bank of India (RBI) announced
that 3 Indian banks namely, the State Bank of India (SBI), India’s
largest Public Sector Bank (PSB); HDFC Bank Limited and ICICI
Bank Limited, will continue to be identified as Domestic Systemically Important Banks (D-SIBs)
for 2025 under the same bucketing
structure as in the 2024 list of D-SIBs.
·
As per RBI
directions, SBI is required to maintain an additional Common Equity Tier-1 (CET-1) capital buffer
of 0.80% of its Risk-Weighted Assets (RWAs).
·
HDFC
Bank Limited and ICICI Bank Limited must
maintain an additional CET-1 of 0.40% and 0.20% of
their RWAs, respectively.
·
The current update of D-SIBs list is based on the data
collected from banks as on March 31, 2025.
·
In July 2014, RBI 1st issued the ‘Framework for
dealing with Domestic-Systemically Important Banks (D-SIBs)’ which
was later updated on December 28, 2023.
·
The D-SIBs will be
selected by RBI based on the size of the bank as a percentage of GDP(Gross
Domestic Product) i.e the banks having a size beyond 2% of GDP.
·
The selected D-SIBs are
assessed through the 4 indicators of Size,
Interconnectedness, Lack of readily available substitutes or financial
institution infrastructure, and
Complexity.
7.
INDIA’S FDI INFLOW RISE 18% -MOC&I
·
The Department for
Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry
(MoC&I), released the quarterly fact sheet
on Foreign Direct Investments (FDI) inflow.
·
As per the data, the FDI in India rose 18% to USD
35.18 billion (bn) during April-September
of Financial Year 2025-26 (FY26), while the inflow from the United States of America (USA) more than doubled to USD 6.62 bn during
the same period.
·
Investments from overseas
during
the April-September period of the previous fiscal (FY25) stood at USD 29.79 bn.
·
During the July-September
quarter (2nd quarter) of FY26, the inflows
increased by over 21% year-on-year (Y-o-Y) to USD 16.55 bn.
·
Total FDI, which includes
equity inflows, reinvested earnings and other capital, increased to about USD
50 bn during the first six
months of this fiscal year as against USD 42.3 bn in the same period of
2024-25.
·
During April-September 2025, the computer software and hardware received the highest FDI at around
USD 9 bn, followed by the Services
sector with USD 5 bn and Trading with USD 2.78 bn.
·
Singapore was the largest
source of FDI during the period, contributing USD11.94 bn.
·
Among states, Maharashtra received
the highest inflow of USD 10.57 bn
during the April-September 2025.
8.
SEBI INTRODUCES SINGLE WINDOW GATEWAY FOR LOW RISK
FOREIGN INVESTORS: SWAGAT-FI
·
The market regulator Securities
Exchange Board of India (SEBI) issued the SEBI
(Foreign Venture Capital Investors (FVCI))
(Amendment) Regulations, 2025 for low
risk foreign investors to participate in the Indian securities market with the
introduction of a single window access.
·
SEBI’s framework, Single Window Automatic &Generalised
Access for Trusted Foreign Investors (SWAGAT-FI) was
introduced with the following
objectives:
·
Provide
easier investment access to objectively
identified and verified low risk foreign investors.
·
Enable
a unified registration process across multiple
investment routes for such entities.
·
Reduce
repeated compliance and documentation for
such entities.
·
Sebi notified amendments to the FPI and FVCI regulations will
be effective from June 01,2026.
·
SEBI has extended the registration
continuance period, including fee payment and KYC (Know Your Customer)
review to 10 years, up from the earlier 3–5 years, to reduce operational burden and promote
long-term investor participation.
9. NITI AAYOG &
IBM UNVEILED ROADMAP TO MAKE INDIA A TOP-3 QUANTUM ECONOMY BY 2047
·
the National Institution for Transforming India (NITI
Aayog)’s Frontier Tech Hub unveiled a Roadmap on Transforming India into a leading Quantum-Powered Economy.
·
The roadmap aims to make
India as one of the world’s top-3 quantum economies
by 2047.
·
Roadmap on Quantum Technology was developed by Frontier
Tech hub of NITI Aayog in collaboration with International Business
Machines (IBM) Corporation (as Knowledge Partner)
and with the support of Expert Council of leaders across academia, government,
and industry.
·
For India’s Quantum Economy in 2035, the roadmap has set
certain targets like incubating minimum 10 globally
competitive quantum startups, each surpassing USD 100 million in
revenue.
·
Capturing more
than 50% of the value in the global quantum software and services
market by 2035.
·
Achieving
Quantum Atmanirbharata (Self-Reliance)
and Controlling critical points in global supply chains.
·
Implementation Phase 1 (2025–2030) focuses on
building scale and market momentum. Key goals include expanding quantum hubs,
funding at least 50 startups.
·
Phase 2 (2030–2035)
shifts toward global leadership.
10. NPCI TO ENABLE UPI IN
INDIA AND CAMBODIA
·
NPCI International
Payments Limited (NIPL), the global arm of the National Payments
Corporation of India (NPCI), signed a Memorandum of Understanding (MoU) with ACLEDA
Bank Plc., the 1st
publicly listed commercial bank in Cambodia, to enable Quick Response (QR)-based
cross border transactions between India and Cambodia.
·
As per the MoU, ACLEDA Bank will
be the operator for Cambodia’s national Quick Response (QR) network, Bakong
(KHQR), by the NBC.
