Grade B Aspirants Hub 📖

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Strengthening Collaboration to Preserve Sovereignty Highlighted speech.pdf

Judging the RBI by the whole rule : Rajeshwari Sengupta

Time for Investor KYC

Govt to form Banking for Viksit Bharat panel soon

The impossible Trinity, revisited

The Reserve Bank of India has now issued final, binding directions on loan recoveries, and how the recovery agents for the lenders need to interact and engage with the borrowers. It will come in force from January 1, 2027. (Source : Brajesh Mohan)

IBC at 10: From Framework to Culture The Insolvency and Bankruptcy Code, 2016 was never intended to recover debt or rescue every distressed enterprise. Its purpose was to provide India with a credible mechanism for economic exit, enabling resources to move from failing arrangements to more productive uses. Ten years on, the IBC has substantially changed incentives, strengthened credit discipline and helped unlock value that was earlier trapped in prolonged distress. Its most significant achievement may, however, be less visible: the behavioural change it has induced. Many defaults are now resolved or restructured before formal insolvency because the consequences of default are credible. But the second decade presents important challenges. Time discipline needs to be restored; liquidation must be recognised as a legitimate economic outcome; the Code must remain faithful to its resolution and value-maximisation objective; and stakeholder legitimacy needs greater attention. By M S Sahoo, Former IBBI Chair

🇮🇳 Highlights of PM's Independence Day Speech 2026 Vision 2047 • Reiterated the goal of building a Viksit Bharat by 2047. • Vande Mataram was sung at the Red Fort on Independence Day for the first time in 80 years. Economy & Digital India • Internet users and digital consumers increased by 4%. • Digital transactions witnessed 100% growth. • Expansion of piped water and LPG connections highlighted as key achievements. Energy & Infrastructure • Target to generate 100 GW of nuclear power by 2047 and establish 5 new nuclear reactors. • Piped gas network expanded from 70 cities (pre-2014) to 700+ cities, covering 1.45 crore households. • Solar power capacity increased to 106 GW. • India achieved 100% railway electrification within the last decade. Trade & Manufacturing • Emphasised Make in India and self-reliance. • Highlighted the importance of critical minerals, energy security and data centres. • India is pursuing Free Trade Agreements (FTAs) with 40+ countries. • Stressed the export potential of India's seafood sector. 'Reform Express' – Saptadhara Reforms Seven priority reform areas: ✓Manufacturing & Global Supply Chains ✓Food Production & Processing ✓Technology & Innovation ✓PM Gati Shakti & Connectivity ✓Defence ✓Green & Blue Economy ✓Soft Power (Yoga, Tourism, Culture, Entertainment) Banking & Industry • Expressed the vision of having one Indian bank among the world's top five. • Called for Indian pharmaceutical companies to rank among the top five globally. Youth & Education • ₹1 lakh crore Innovation Fund announced. • Over 1 crore youth to receive AI training in the next one year. • Free online coaching for competitive examinations. • Continued focus on Digital India, Skill India, Khelo India and the National Education Policy. Sports • Target to compete in new disciplines at the 2036 Olympics. • Talent Hunt Programme for children aged 5–15 years. Internal Security • Reaffirmed the resolve to make India Naxal-free. • Announced the creation of a Civil Defence Network. Women & Governance • Urged political parties to support the Nari Shakti Vandan Adhiniyam (Women's Reservation Bill). • Encouraged citizens, especially youth, to participate in the self-census enumeration.

Happy Independence Day 🇮🇳❤️

UCO Bank unveils IFSC Banking unit at GIFT City. UCO Bank has launched its International Financial Services Centre (IFSC) Banking Unit (IBU) at GIFT City, marking its entry into the international banking hub and expanding its access to global financial services. The IBU will offer international banking services including trade finance, external commercial borrowings (ECBs), foreign currency loans, loan syndication.

RBI Grade B Interview Question • Can BRICS ditch the US Dollar? What does international law say? Sample Answer: A complete replacement of the US Dollar by BRICS is unlikely in the near term. However, BRICS can gradually reduce dependence on the Dollar by promoting local currency settlements, alternative payment systems, and greater monetary cooperation. From the perspective of international law, there is no requirement for countries to use the US Dollar for international trade. The IMF Articles of Agreement regulate exchange-rate policies and monetary stability but do not prescribe the currency in which trade must be settled. Therefore, countries are free to use any mutually agreed currency for bilateral trade. Thus, BRICS' de-dollarisation efforts are not a legal challenge to the existing international monetary system but a lawful exercise of monetary sovereignty. Ultimately, the future of the US Dollar will depend more on economic confidence, financial market depth, institutional credibility, and technological innovation than on international law.

News Articles and Editorials will now be deleted the next day after being posted 🙏

Winning in the AI Era Highlighted speech.pdf

SBI uses AI to Underwrite 1 trillion MSME Loans in FY 2026. Country’s largest lender State Bank of India (SBI) used artificial intelligence to underwrite nearly Rs 1 trillion of MSME loans of up to Rs 5 crore each in FY26, while also fully automating the processing of cheques up to Rs 10,000 through a straight through processing (STP) system, Managing Director Rama Mohan Rao Amara said.

Centre extends PM E-DRIVE Scheme till FY2028. The Ministry of Heavy Industries (MHI) has extended the PM E-Drive scheme to till FY28. “The PM E-Drive Scheme, with an outlay of ₹11,900 crore, is being implemented from April 1, 2024 till March 31, 2028, for faster adoption of electric vehicles (EVs), setting up of charging infrastructure and development of EV manufacturing eco-system in the country. The EMPS-2024 implemented during April 1, 2024 to 30th September 2024 was subsumed under this Scheme,” the notification said. The maximum ex-factory price of an eligible electric two-wheeler has been fixed at ₹1.5 lakh. PM E-Drive offers support for a maximum 45,79,120 e2Ws, with total funding support from the MHI pegged at ₹2,767 crore.

Q. Do you think Tata Sons should remain private or become a listed company? Sample Answer: Both options have their merits, and the decision should ultimately depend on the RBI's regulatory assessment. If Tata Sons is listed, it would enhance transparency, corporate governance, regulatory oversight, and protect minority shareholders. It would also provide easier access to long-term capital. On the other hand, remaining private would preserve Tata Trusts' long-term control and allow the company to focus on strategic investments without short-term market pressures. Since the RBI is still examining Tata Sons' application for deregistration as a Core Investment Company (CIC), the decision should be based on whether it continues to warrant regulation as a systemically important NBFC. If it does, listing would be appropriate; otherwise, allowing it to remain private would also be a reasonable outcome.