Topic: Corporates/Companies
1. A new credit product, “Pay Later with BharatPe”, has been launched by BharatPe.
- BharatPe is one of India's leading fintech company. It has launched the product in partnership with YES Bank.
- The new product is an instant credit facility available on UPI. It is powered by NPCI.
- The new product is planned to democratize access to credit across Bharat.
- It will enable consumers and merchants to manage their financial needs with ease.
- The product offers instant UPI credit with zero paperwork or delays.
- Users will be able to spend daily and repay monthly in full or by flexible 3-12 month EMIs.
- Users can pay using a credit line instead of a bank balance.
- Payments can be made by scanning any UPI QR code.
- The facility works across all merchant locations and supports online shopping payments.
- The product offers up to 45 days of interest-free credit usage. Credit limits are refreshed after successful repayment.
Topic: Indian Economy/Financial Market
2. The government will introduce revised macroeconomic data series from 2026.
- The revised data will base year revision for retail inflation, GDP, and industrial production.
- Ministry of Statistics and Programme Implementation made the announcement.
- The revised data will be based on new reference years to better reflect current economic conditions.
- A consultative workshop, focussed on revisions to GDP, CPI, and IIP, has been scheduled ahead of the releases.
- A revised Consumer Price Index series, using 2024 as its base year, will be introduced on February 12, 2026.
- Revised national accounts data will also be released.
- The GDP series will adopt 2022–23 as the base year and release on February 27, 2026.
- The Index of Industrial Production, with 2022–23 as its new base year, will be released on May 28, 2026.
- The first consultative session was held in Mumbai on November 26.
Topic: RBI
3. RBI has placed a fine of Rs 61.95 lakh on Kotak Mahindra Bank.
- RBI has imposed the monetary penalty because of regulatory non-compliance.
- The bank failed to comply with norms related to basic savings bank deposit (BSBD) account, business correspondents, and credit information companies.
- RBI imposed penalty through an order dated December 11, 2025.
- The bank did not comply with RBI directions on access to banking services, which specifically relate to basic savings bank deposit accounts.
- The RBI also found non-compliance with rules on business correspondents and certain activities carried out were outside the permitted scope.
- Violations of the Credit Information Companies Rules, 2006 were also found.
- The bank shared inaccurate borrower information with credit information companies.
Topic: Appointments
4. Former RBI Deputy Governor B. P. Kanungo has been appointed non-executive chairman of board of NBFC firm IIFL Finance.
- His appointment has been approved by the board on December 19, 2025.
- His appointment became effective immediately.
- IIFL Finance said the appointment reflects strong confidence in Kanungo’s leadership and cited his deep regulatory and institutional experience.
- Kanungo brings more than four decades of experience with background spanning central banking, monetary policy, and financial regulation.
- He served as RBI Deputy Governor from 2017 to 2021. He was also a member of the Monetary Policy Committee.
- He was already associated with IIFL Finance and served as a non-executive independent director on the company’s board.
- The board also approved a change in borrowing limits from ₹35,000 crore to ₹60,000 crore. This increase is subject to approval by shareholders.
Topic: Indian Economy/Financial Market
5. An increase of 1.8% has been recorded in the combined Index of Eight Core Industries in November 2025 as compared to the same month last year.
- As per the Commerce and Industry Ministry, growth has been recorded in the production of Cement, Steel, Fertilizer and Coal in November.
- Coal production grew by 2.1 percent in November this year, as compared to the same month last year.
- Fertilizer, cement and steel production grew by 5.6%, 14.5% and 6.1%, respectively, in November this year, as compared to the same month last year.
- Crude Oil production and Natural Gas production declined by 3.2% and 2.5%, respectively, in November.
- The Index of Eight Core Industries tracks eight major sectors.
- These sectors are Coal, Crude Oil, Natural Gas, Refinery Products, Fertilizers, Steel, Cement and Electricity.
- Together, these sectors account for more than 40 percent of the weight in the Index of Industrial Production.
Topic: Reports and Indices
6. Singapore’s Changi Airport named World’s Best Airport for 2025.
- Singapore’s Changi Airport has been named the world’s best international airport for 2025 at India’s Best Awards by Travel + Leisure.
- The recognition was awarded based on global reader votes, highlighting excellence in overall travel experience, comfort and facilities.
- Changi Airport was ranked highest among global airports for delivering a smooth and enjoyable passenger journey.
- The award was announced during the 14th edition of India’s Best Awards, which recognises excellence across travel and hospitality sectors.
- Air India has been named Best Domestic Airline at the Travel + Leisure Awards 2025.
- Air India has been named Best Domestic Airline for second consecutive year.
- The Travel + Leisure Best Awards was decided through votes cast by readers.
Topic: Banking System
7. A new logo launched for Regional Rural Banks (RRBs), reflecting a single and unified brand identity.
- A common logo for Regional Rural Banks (RRBs) has been unveiled to establish a single and unified brand identity across the country.
- Based on the principle of "One State One RRB," the Department of Financial Services of the Ministry of Finance has merged 26 Regional Rural Banks (RRBs) in 11 states/union territories, effective from May 1, 2025.
- This reform is a decisive step towards creating stronger and more efficient regional rural banks.
- At present, 28 RRBs continue to operate through a network of over 22,000 branches across more than 700 districts.
- The new logo has been introduced as part of strengthening the identity and visibility of RRBs serving rural India.
- Upward Arrow (Symbol of Progress): Represents growth, development and advancement in rural economies.
- Hands (Symbol of Nurturing): Conveys care, support and a helping hand to rural communities.
- Flame (Symbol of Enlightenment): Signifies warmth, knowledge and empowering rural populations.
- The colors of the RRB logo have been chosen to reflect the objectives of the RRB.
- The dark blue color represents finance and trust, while the green color symbolizes life and growth, reflecting their mission to serve rural India.
- The branding exercise aims to create a modern, easily recognisable national identity for RRBs.
Topic: Indian Economy/Financial Market
8. India's REIT market has overtaken Hong Kong in terms of market capitalisation.
- India’s Real Estate Investment Trust sector has been positioned as a mainstream asset class after achieving a gross asset value of about ₹2.3 lakh crore.
- Market capitalisation of Indian REITs has been reported at approximately ₹1.66 lakh crore as of September 30, 2025.
- Hong Kong’s REIT market has been surpassed by India despite only around 32% of REIT-worthy stock being listed.
- A five-year annualised price return of over 8.9% has been recorded by Indian REIT indices.
- Peer markets such as Singapore, Japan and Hong Kong have been outperformed during the same period.
- Since their listing, the unit prices of the initial four REITs have increased by between 25% and 61%, while the newly listed Knowledge REIT has already gained approximately 12%.
- Distribution yields in the range of 5.1 to 6% have been achieved through steady income generation
- Distributions exceeding ₹2,331 crore were made by five REITs in Q2 FY26, marking a 70% year-on-year growth.
- Mandatory distribution of 90% of net distributable cash flows has enabled REITs to emerge as efficient yield vehicles for retail and HNI investors.
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