Banking Awareness of 27, 28 and 29 November 2025

Topic: RBI

1. The Commerce Department will urge the RBI to increase the export-loan moratorium beyond 20 sectors.

• Many sectors, which are excluded from the present list of 20 sectors are also hit by US tariffs as well as global instability.
• These sectors are textiles, toys, sports items, paper and inorganic chemicals.
• On 14 November, RBI decided to permit qualifying exporters to postpone term-loan instalments and working-capital interest.
• This was apllicable those that were due between September 1 and December 31, 2025.
• During the suspension period, interest is charged on a simple-interest basis.
• The accumulated interest is converted into a funded interest term loan, repayable by September 30, 2026.
• Items such as fish, organic chemicals, apparel, carpets, leather products, footwear, rubber goods, stone articles, iron and steel products, aluminium items and certain finished textile goods are covered under the current moratorium.

Topic: Appointments

2. New Executive Directors have been appointed in seven public sector banks.

• This has been done after the  Appointments Committee of the Cabinet (ACC) approved proposals made by the Department of Financial Services.
• Three PNB Chief General Managers have elevated to Executive Director roles.
• Amit Kumar Srivastava has been appointed an Executive Director at PNB.
• Amresh Prasad has been appointed an Executive Director at Union Bank of India.
• Sunil Kumar Chugh has been appointed as an Executive Director at Canara Bank.
• E Ratan Kumar from Central Bank of India has been elevated to Executive Director in the same bank.
• Pramod Kumar Dwibedi from Bank of India has also been promoted to Executive Director in same bank.
• Mini TM from Bank of Baroda has been appointed an Executive Director at Indian Bank.
• Prabhat Kiran from Canara Bank has been made an Executive Director at Bank of Maharashtra.
• Eleven candidates were recommended by Financial Services Institutions Bureau for Executive Director roles in August 2025.

Topic: Indian Economy/Financial Market

3. India Ratings and Research (Ind-Ra) has raised India’s FY26 GDP growth projection to 7%.

• The new FY26 GDP growth projection is 70 basis points higher than Ind-Ra’s July 2025 estimate of 6.3%.
• According to RBI's projections, India’s GDP is expected to expand 6.8% in FY26.
• This is an increse over the 6.5% growth that was recorded in the previous year.
• In April–June FY26, India’s real GDP increased 7.8%. This was the fastest pace in five quarters.
• As per Ind-Ra, economic conditions at home and abroad have changed since July 2025.
• US tariff hikes since late August 2025 is a key uncertainty.
• The positive factors are disinflation, rising real wages in rural areas and GST rationalisation.
• Risks from tariff conflicts and capital outflows were previously highlighted by Ind-Ra.
• It now considers overall growth risks for FY26 as evenly balanced.
• Ind-Ra estimates private final consumption to rise 7.4% in FY26.
• Indian exports to the US declined 11.9% in September 2025 and declined 8.9 per cent in October 2025.
• The average of exports was $7.4 billion per month between April and October 2025.

Topic: Reports and Indices

4. According to a new United Nations (UN) report, a woman or girl is killed every 10 minutes worldwide.

• In the 2025 femicide report by United Nations Office on Drugs and Crime and UN Women, it is  estimated that 83,000 women and girls were intentionally killed in 2024.
• Nearly 60 percent of these deaths were because of intimate partners or family members.
• The UN highlights that technology has increased risks through cyberstalking, coercive control, and image-based violence.
• Africa recorded the highest femicide rate. It was followed by the Americas, Oceania, Asia, and Europe.
• The report was released on the International Day for the Elimination of Violence against Women (25 November).
• The theme of International Day for the Elimination of Violence against Women 2025 is “UNiTE to End Digital Violence against All Women and Girls”.
• This years' International Day for the Elimination of Violence against Women marked the launch of the UNiTE campaign (Nov 25-Dec 10).
• This is an initiative of 16 days of activism, which ends on the International Human Rights Day (10 December).

Topic: Miscellaneous

5. A $250 million fund launched by IGF to boost Indian brands globally.

• A $250 million fund was launched by India Global Forum (IGF) to support high-potential Indian consumer and industrial brands in expanding to global markets, positioning Dubai as the hub for their international growth.
• It was announced at IGF Middle East 2025, where Chairman Manoj Ladwa called it a new era of India-UAE economic collaboration.
• Dubai’s strong connectivity and IGF’s networks were highlighted as key enablers for Indian companies entering global markets.
• The program integrates IGF’s business, government and innovation networks with Dubai’s logistics capabilities through DP World.
• The initiative will offer tailored entry support for sectors including F&B, consumer products, chemicals, automotive and advanced manufacturing.
• India’s Ambassador to the UAE, Dr. Deepak Mittal, emphasised the deep political trust and economic complementarity shaping bilateral ties.
• He noted that Prime Minister Modi’s 2015 UAE visit accelerated cooperation across technology, education and investment.
• The fund aims to help high-growth Indian brands expand across the Middle East, Africa, Europe and other global regions.

Topic: Banking/Financial/Govt Schemes

6. A ₹7,280-crore scheme has been approved by the Union Cabinet to promote manufacturing of Rare Earth Permanent Magnets.

• Cabinet approved the “Scheme to Promote Manufacturing of Sintered Rare Earth Permanent Magnets”.
• The scheme marks the first major government initiative to build an integrated Rare Earth Permanent Magnet ecosystem in India.
• The aim of scheme is to develop domestic capacity of 6,000 metric tonnes per annum of sintered Rare Earth Permanent Magnets.
• Rare Earth Permanent Magnets are critical component used across electric vehicles, renewable energy systems, defence, aerospace and electronics.
• These magnets are among the strongest permanent magnets.
• As of now, most of India's Rare Earth Permanent Magnet demand is met through imports.
• The scheme provides ₹6,450 crore in sales-linked incentives for a period of five years.
• It also provides ₹750 crore as capital subsidy for setting up 6,000 metric tonnes per annum capacity.
• Five companies will be selected through a global competitive bidding process.
• Each selected company will receive up to 1,200 metric tonnes per annum of production capacity.
• The scheme will continue for seven years, which include a two-year gestation period for setting up facilities and five years for incentive disbursement.
• Under the scheme, establishment of fully integrated Rare Earth Permanent Magnets manufacturing hub that convert rare-earth oxides into metals, alloys, and finished magnets will be supported.
• India’s requirement for these magnets will double between 2025 and 2030.
• The scheme aligns with Atmanirbhar Bharat goals and India’s Net Zero 2070  commitment.

Topic: MoUs/Agreements

7. An MoU signed between C-DOT and IIT Roorkee to establish Centre of Excellence.

• An MoU has been signed between Centre for Development of Telematics (C-DOT) and IIT Roorkee to establish a Centre of Excellence (CoE).
• The Centre for Development of Telematics (C-DOT) is a premier R&D centre of the Department of Telecommunications (DoT), Ministry of Communications, Government of India.
• As part of the MoU, C-DOT is setting up a Centre of Excellence (CoE) at IIT Roorkee.
• The CoE will accelerate indigenous research, innovation, and capacity-building in advanced communication technologies.
• Research will focus on wireless communication, quantum technologies, cybersecurity, and AI applications.
• Joint research and prototype development in 5G/6G, V2X communication, RF-Sub-THz ICs, and millimeter-wave antennas will be undertaken.   
• The CoE will promote academia–industry collaboration leveraging IITR expertise and C-DOT’s industrial strength.
• Students, researchers, and start-ups will be enabled to contribute to India’s innovation journey.
• The CoE will serve as a hub for high-impact R&D, IP development, and skill building.
• Workshops, training programs, and joint engagements will facilitate continuous knowledge exchange.

Topic: Banking/Financial/Govt Schemes

8. Government approved Tex-RAMPS Scheme to boost textiles sector.

• The Textiles Focused Research, Assessment, Monitoring, Planning and Start-up (Tex-RAMPS) Scheme has been approved by the Government of India to strengthen research, innovation, and competitiveness in textiles.
• The scheme, with a total outlay of Rs 305 crore for the period from FY 2025-26 to FY 2030-31, will end with the next Finance Commission cycle
• The scheme will be implemented as a Central Sector Scheme, fully funded by the Ministry of Textiles.
• Advanced research in smart textiles, sustainability, and emerging technologies will be promoted.
• Data systems, analytics, and diagnostics will be strengthened to facilitate policymaking.
• The Integrated Textiles Statistical System (ITSS) will support real-time monitoring and strategic decisions.
• Capacity-building workshops and sectoral events will improve state-level planning and knowledge dissemination.
• Support for incubators, hackathons, and academia-industry collaboration will nurture start-ups.
• Employment generation and enhanced competitiveness in global markets are expected outcomes.