Banking Regulation (Money & Banking).
Syllabus: UPSC Pre GS1: Economic & Social Development; Mains GS3
RBI for UPSC: Hilton Young Commission, RBI Act 1934, Central Board, functions, MPC and inflation target, Section 7, surplus transfer and Jalan…
On 14 October 2026 the Cabinet Committee on Economic Affairs approved 10955230 Canada Inc., a Fairfax Financial Holdings entity, as strategic buyer of 60.72% of IDBI Bank for about Rs. 52,878 crore. The Government sells 30.48% and LIC 30.24%. The winning bid of Rs. 81 a share beat the Rs. 75.99 benchmark.
UPSC angle: Prelims: stake split, residual holdings, PCA dates, valuation methods. · Mains GS-III: disinvestment, bank privatisation, FDI in financial services.
14 Oct 2026
On 25 September 2026 the MSME Ministry said CGTMSE guarantee cover is now live on TReDS, the RBI-regulated platforms where small firms sell their unpaid invoices. Available on M1xchange, RXIL and DTX (KredX), it covers 75% of the defaulted amount when both buyer and seller are Micro or Small Enterprises.
UPSC angle: Prelims: TReDS platforms; CGTMSE.
25 Sep 2026
The Bankers' Books Evidence Act, 2026, which got the President's assent on 13 August 2026, comes into force on 1 October 2026 under a notification of 10 September 2026. It replaces the Bankers' Books Evidence Act, 1891. The new law recognises bank records in electronic, digital and cloud form and simplifies how they are certified for use in court.
UPSC angle: Prelims: which old Act was replaced.
11 Sep 2026
Safer banks will now pay less. Pricing risk is how insurance discourages bad behaviour.
UPSC angle: Prelims: DICGC.
6 Feb 2026
These governance fixes protect depositors.
UPSC angle: Prelims: Nominee rules.
4 Dec 2025
A clear number series makes "I am calling from your bank" frauds easier to spot.
UPSC angle: Prelims: TRAI powers.
19 Nov 2025