1. Passing

• Pandit Chhannulal Mishra, legendary Hindu classical vocalist, died on October 2, 2025, in Mirzapur, at the age of 89.
• He died during the festival of Dussehra.

1. Basic Facts

• Date: observed on the 4th of October each year.
• Purpose: To increase world consciousness of raising animal welfare standards and ensuring they are not abused.

1. Policy Decision & Stance

   •    The Monetary Policy Committee (MPC) meeting became the 57 th meeting, which took place between Sep 29 and Oct 1, 2025.

   •    Repo Rate: Kept unchanged at 5.50%.

   •    Position: Adopted the stance of being neutral in order to have a balance between growth and stability.

1. Basic Partnership Details

• Organisations: RBL Bank Ltd and Life Insurance Corporation of India (LIC).
• The consensus: A bancassurance partnership.
• Purpose: To provide the products of the life insurance company LIC to the customer base of the RBL Bank.

1. New Regulatory Directions

• Publication date: 21 March 2012.
• Document: Basel III capital regulations - PDI in AT1 capital - the eligible limit of foreign currency / rupes denominated bond overseas directions, 2025.
• Effective Date: October 1, 2025.
• Legal Power: It is issued under Section 35A of the Banking Regulation Act, 1949.