its foundation day annually on 10 March , marking its role in protecting critical infrastructure and industrial establishments.
🔶 Banking & Financial Developments
Federal Bank – ‘Fed Wealth’ Platform
Federal Bank launched a new wealth management platform aimed at expanding services for high-net-worth clients.
AU Small Finance Bank Transition Rule Modified
The Reserve Bank of India eased conditions for AU Small Finance Bank’s potential transition to a universal bank , relaxing the Non-Operative Financial Holding Company (NOFHC) requirement.
SBI Social Term Loan Facility
State Bank of India introduced a USD 500 million syndicated social loan facility , focusing on women’s economic empowerment initiatives .
🔶 Climate & Rural Innovation
National Climate Stack Innovation Challenge
NABARD launched this initiative with support from the Gates Foundation and Dalberg Advisors to strengthen climate intelligence and resilience in rural India .
🔶 Global Public Health
Denmark Eliminates Mother-to-Child Transmission of HIV & Syphilis
The World Health Organization certified Denmark as the first European Union country to achieve elimination of mother-to-child transmission of both diseases.
🔶 International Military Cooperation
Exercise LAMITIYE-2026
An Indian Armed Forces contingent participated in the 11th edition of the joint military exercise with Seychelles Defence Forces in Seychelles.
🔶 Defence Leadership
Vice Chief of Army Staff Appointment
The Indian Army announced Lieutenant General Dhiraj Seth as the next Vice Chief of Army Staff (VCOAS) .
🔶 Corporate Leadership
Yes Bank CEO Appointment
Vinay Muralidhar Tonse was appointed Managing Director and Chief Executive Officer of Yes Bank .
🔶 Defence Innovation
Project KAL – Indigenous Strike Drone
IG Defence unveiled Project KAL , a domestically developed long-range strike drone designed for deep-strike operations .
🔶 Strategic Incident
Naval Conflict Incident Near Sri Lanka
Reports indicated that a US submarine torpedoed the Iranian warship IRIS Dena near Sri Lankan waters outside territorial jurisdiction.
🔶 Scientific Research & Defence
DRDO Toxicology Research Project
DRDO sanctioned a ₹99.15 lakh research project to Bharathiar University to develop antidotes for highly toxic organophosphorous compounds .
🔶 Renewable Ocean Energy
OTEC Plant Review – Lakshadweep
Union Minister Jitendra Singh reviewed the progress of India’s first Ocean Thermal Energy Conversion (OTEC) plant at Kavaratti, Lakshadweep .
🔶 Advanced Neuroscience Research
Brain Co-Processor Moonshot Project – IISc
The Indian Institute of
Month: Current Affairs - March 10, 2026
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