9 December Current Affairs

National Affairs

1. RBI grants in-principle approval to Fino Payments Bank

• Fino Payments Bank becomes the 1st Payment Bank in India to receive approval to convert into a Small Finance Bank (SFB) .

2. Banking Laws (Amendment) Act, 2025

• Major legislative reform to modernize India’s banking sector , strengthen legal, regulatory & governance structures.

3. LIC enters bancassurance partnership with Yes Bank

• Enables LIC to distribute insurance products via Yes Bank’s network .

4. RBI issued revised Gold Metal Loan (GML) Directions

• New rules effective 1 April 2026 .

• Strengthens regulatory norms for gold-related lending .

5. PNB launched premium RuPay credit card

• ‘Luxura’ , aimed at the high-value credit card segment .

6. RBI revises LEF & ITE frameworks

• Clarifies prudential norms for foreign bank branches in India.

7. RBI amended Responsible Business Conduct Directions, 2025

• Banks must provide free ATM/debit card issuance & annual renewal for BSBD (Basic Savings Bank Deposit) account holders.

8. Department of Posts proposes DHRUVA

• Draft amendment to the Post Office Act, 2023 .

• DHRUVA = Digital Hub for Reference & Unique Virtual Address

• Nationwide digital addressing system.

9. WMO forecast

• 55% chance of weak La Niña influencing global weather in next 3 months.

10. NRAI President Election

• Kalikesh Narayan Singh Deo re-elected as NRAI President (2025–2029) .

11. Indian Army summits Mount Kangto

• 18-member Eastern Command team completed first-ever ascent of Kangto (7,042 m), Arunachal Pradesh’s highest peak.

12. Zaggle acquired Rio.Money

• Hyderabad fintech Zaggle bought Rivpe Technology Pvt Ltd for ₹22 crore .

13. DBT–BIRAC renews partnership with CEPI