RBI Initiates Review of NBFC Regulatory Framework

The Reserve Bank of India (RBI) has begun a comprehensive review of the Scale-Based Regulation (SBR) framework governing Non-Banking Financial Companies (NBFCs). Introduced in 2022, the framework was designed to align regulatory intensity with the size, complexity and systemic importance of NBFCs. The review reflects concerns over rising financial risks amid the sector’s rapid expansion.

Banking Sector Records Sharp Improvement in Asset Quality

India’s banking system has achieved a significant turnaround in asset quality, with non-performing assets (NPAs) falling to their lowest levels in decades. According to the Reserve Bank of India (RBI), the gross NPA (GNPA) ratio of scheduled commercial banks declined to 2.1 per cent by September 30, 2025, while net NPAs dropped to 0.5 per cent, reflecting stronger balance sheets and effective risk management.

Supreme Court Revisits Aravalli Hills Protection Framework

In a significant development in environmental jurisprudence, the Supreme Court of India has stayed its earlier ruling concerning the Aravalli Hills and ordered the constitution of a new independent expert committee. The decision reflects judicial concern over ambiguity in defining the Aravalli range and the potential ecological fallout arising from mining activities in the region.

India Tests Indigenous Long-Range Guided Rocket

India’s indigenous artillery capability received a major boost with the successful maiden flight test of the Pinaka Long Range Guided Rocket (LRGR-120). Conducted by the Defence Research and Development Organisation (DRDO) from the Integrated Test Range (ITR), Chandipur, Odisha, the trial demonstrated extended range, precision guidance, and operational reliability, marking a critical milestone in the Indian Army’s rocket artillery modernisation programme.

Israel Announces Rare Civilian Honour for US President

Israeli Prime Minister Benjamin Netanyahu has announced that former US President Donald Trump will be awarded Israel’s highest civilian honour, the Israel Prize for Peace, following high-level talks held in Florida. The announcement was made during a joint press interaction after the two leaders met at Trump’s Mar-a-Lago residence, marking a rare diplomatic gesture with deep symbolic and political significance.