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Financial Performance of SIDBI during FY 2024-25

October 06, 2025

1. Record-Breaking Profit

  • SIDBI had registered a net profit of 4,811 crore in FY 2024-25, the highest ever in the history of the company.
  • This is a massive 19.5 percent rise over the profit of ₹4,026 crore of last year (FY 2023-24).

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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.

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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).

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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.

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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.

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