Image

RBI forms new Payments Regulatory Board-PRB

October 06, 2025

1. Core Announcement

  • A new Payments Regulatory Board (PRB) has been set up by the Reserve Bank of India (RBI) with six members.
  • It supersedes the former Board for Regulation and Supervision of Payment and Settlement Systems (BPSS).
  • Legal Authority: The PRB is given its authority through the Payment and Settlement Systems Act of 2007.

Month: 

Category: 

SBI Platinum Jubilee Asha Scholarship 2025

October 06, 2025

1. Minimal Information & Monetary expenditure.

  • Organizer: SBI Foundation, the Corporate Social Responsibility (CSR) of the State Bank of India (SBI).
  • Funding Organization: SBI Platinum Jubilee Asha Scholarship 2025.
  • Financial Obligation: 90 crore in the financial year 2025-26 (FY26).

Month: 

Category: 

Tata AIG Suspends the cashless services with Max hospitals

October 06, 2025

1. Current Situation

  • Tata AIG General insurance has also joined the other three big health insurers in suspending cashless facilities at Max Hospitals.
  • This is after similar moves by Star Health, Niva Bupa and Care Health.

Month: 

Category: 

Axis Bank also introduced the first UPI-backed gold-secured credit line in India

October 06, 2025

1. Core Product

  • Axis Bank in collaboration with Freecharge has introduced the first gold-based credit line in the country that could be accessed through UPI.
  • It is intended to be sold to MSMEs, self-employed people, and merchants.

Month: 

Category: 

SBI Dominant Debit Card HDFC Leader in credit cards Aug 2025

October 06, 2025

1. Market Leadership

  • The State Bank of India (SBI) is the leader in the debit card markets with a share of 24 percent as of August 2025.

Month: 

Category: