Banking Awareness of 7, 8, 9 and 10 September 2025

Topic: Regulatory Bodies/Financial Institutions

1. Not-for-Profit Organisations (NPOs) listed or registered on Social Stock Exchanges are now required to submit their annual financial reports by October 31.

• They may submit their annual financial reports by the due date for filing income tax returns, whichever is later.
• For the financial year 2024–25, October 31, 2025 is the income tax return deadline for audited entities.
• SEBI has amended the Listing Obligations and Disclosure Requirements (LODR) Regulations, 2015.
• The stricter disclosure rules for NPOs registered on Social Stock Exchanges have been introduced.
• NPOs must also report non-financial information, submit it within 60 days after the end of the financial year.
• Earlier, NPOs were only required to submit annual disclosures within 60 days of the end of the financial year.
• Stock exchanges can also request additional disclosures annually.
• The new rules are aimed at increasing transparency in functioning of NPOs.
• NPOs can include charitable trusts, societies, or Section 8 companies or other types of organisations if specified by SEBI.
• Only registered NPOs are allowed to raise funds through Social Stock Exchanges.
• Registered NPOs can raise funds by issuing Zero Coupon Zero Principal Instruments or receive donations through specific Mutual Fund Schemes.
• In the 2019–20 Union Budget, the idea of a Social Stock Exchange was introduced to help social enterprises raise capital under SEBI’s regulatory framework.
• A self-certified annual impact report can be filed by a registered social enterprise that has not yet raised funds.
• Funds cannot be raised by an NPO through the exchange for the first two years after registration.
• NPO is required to list at least one project after this two-year period.
• NPO will lose registration on the exchange if it fails to list at least one project after this two-year period.

Topic: Appointments

2. The tenure of Ajay Kumar Srivastava as MD & CEO of Indian Overseas Bank (IOB) has been extended till October 8, 2027.

• His tenure has been extended by central government for about 21 months with effect from 01 January 2026.
• His current term is ending on 31 December, 2025.
• As per government notification, his tenure is extended with effect from January 01, 2026 up to October 08, 2027 or until further orders, whichever is earlier.
• Srivastava is leading IOB as MD & CEO since January 01, 2023.
• He was Executive DIrector at Indian Overseas Bank from 2017.
• Indian Overseas Bank is a nationalized bank headquartered in Chennai. It is a government-owned bank. It was founded in 1937.

Topic: Corporates/Companies

3. Viyona Fintech has received approval from the National Payments Corporation of India (NPCI) to operate as a Third-Party Application Provider (TPAP).

• This approval supports Viyona’s plan to provide Unified Payments Interface (UPI) services in partnership with banks.
• The company is focused on expanding digital payment options in Tier II, Tier III, and underserved rural areas of India.
• Viyona’s main product, GRAAMPAY, addresses digital payment challenges in rural regions.
• GRAAMPAY allows farmers, small merchants, and local communities to carry out digital collections, payouts, and UPI transactions.
• The platform also promotes rural e-commerce and financial literacy through Village-Level Entrepreneurs (VLEs).
• Viyona plans to launch a Farmers Marketplace within the GRAAMPAY platform.
• This marketplace will connect farmers directly with buyers.
• It aims to improve price transparency, speed up settlements, and increase access to UPI payments for farmers.

Topic: MoUs/Agreements

4. A ₹21,000 crore MoU signed by PNB with the Rajasthan government.

• On 6 September, Punjab National Bank (PNB) signed a Memorandum of Understanding with the Rajasthan government under the Rising Rajasthan initiative.
• The MoU commits ₹21,000 crore in financial support for the state’s socio-economic development.
• PNB MD & CEO Ashok Chandra said the bank was “delighted to partner in Rajasthan’s ambitious growth story.”
• During his Jaipur visit, Chandra distributed 2,000 loan sanction letters to women entrepreneurs.
• The self-help group loan distribution ceremony was attended by nearly 3,000 members.
• He urged MSMEs to leverage PNB’s digital platforms for easy access to schemes.

Topic: Appointments

5. Bhupender Gupta has officially taken over as Chairman and Managing Director (CMD) of NHPC Limited on September 4.

• Before assuming this role, he was serving as Director (Technical) at THDC India Ltd.
• He also held additional responsibility as CMD of SJVN Ltd.
• He joined SJVN in 1995 and worked there for over twelve years.
• At SJVN, he was involved in the development and operation of the 1,500 MW Nathpa Jhakri Hydro Power Plant.
• This is India’s largest operational hydroelectric project.
• From 2002 to 2005, he was deputed to Bhutan and in Bhutan he contributed to the 1,020 MW Tala Hydroelectric Project.
• In 2020, he was appointed Director (Technical) at the Punatsangchhu Hydroelectric Project Authority in Bhutan. There, he resolved contract-related issues.

Topic: Agriculture

6. NITI Aayog has released a detailed plan to boost India’s pulses production.

• The goal is to double output by 2047 and become fully self-sufficient by 2030.
• Under current conditions, production is expected to reach 30.59 million tonnes by 2030.
• By 2047, it could rise to 45.79 million tonnes without further intervention.
• With targeted policies and strategies, output could grow to 48.44 million tonnes by 2030.
• It may reach as high as 63.64 million tonnes by 2047 with these measures.
• India is currently the largest producer and consumer of pulses globally.
• The pulses sector supports the livelihoods of over 5 crore farmers.
• Around 80% of pulses in India are grown in rainfed areas.
• The roadmap is detailed in a report titled “Strategies and Pathways for Accelerating Growth in Pulses towards the Goal of Atmanirbharta.”
• India’s production rose from 16.35 million tonnes in 2015–16 to 26.06 million tonnes in 2022–23.
• This marks a 59.4% increase in output over seven years.
• As a result, import dependency fell from 29% to 10.4%.
• India’s diverse climate supports 12 types of pulses.
• However, production is concentrated in a few states.
• Madhya Pradesh, Maharashtra, and Rajasthan together contribute 55% of total output.
• The Union Budget 2025–26 launched a six-year mission focused on self-reliance in pulses.
• It prioritizes crops like pigeonpea, black gram, and lentils.
• The plan includes horizontal expansion using rice fallow lands and intercropping.
• Vertical expansion aims to improve yields through modern technology and scientific practices.
• A district-wise approach targets 111 high-potential districts.
• These districts account for 75% of India’s total pulse production.
• Key proposals include crop-specific clusters and better seed distribution.
• It also suggests creating “One Block-One Seed Village” hubs led by farmer producer organizations.
• The roadmap recommends climate adaptation strategies for farmers.
• It stresses the importance of data-driven systems for monitoring and decision-making.
• Self-sufficiency in pulses is framed as a national priority.
• The plan aims to reduce imports, enhance nutritional security, and promote sustainable agriculture.

Topic: Appointments

7. The Reserve Bank of India has approved the reappointment of R Gandhi as part-time Chairman of Yes Bank.

• He will serve in this role from September 20, 2025, to May 13, 2027.
• During this period, he will act as the non-executive chairman of the bank.
• The RBI communicated its approval through a letter dated September 1, 2025.
• R Gandhi previously served as Deputy Governor of the RBI from 2014 to 2017.
• He has 37 years of experience in central banking.
• He also completed a three-year deputation at SEBI.
• In addition, he served as Director of the Institute for Development and Research in Banking Technology (IDRBT) in Hyderabad.

Topic: Banking/Financial/Govt Schemes

8. The Angikaar 2025 campaign launched under PMAY-U 2.0.

• On 4th September 2025, “Angikaar 2025,” a last-mile outreach campaign under Pradhan Mantri Awas Yojana - Urban 2.0 (PMAY-U 2.0), was launched by Shri Manohar Lal, Hon’ble Minister for Housing and Urban Affairs, in New Delhi.
• Angikaar 2025 is designed to create nationwide awareness and accelerate the implementation of PMAY-U 2.0.
• The campaign will fast-track application verification and expedite completion of sanctioned houses.
• Awareness about the Credit Risk Guarantee Fund Trust for the Low-Income Housing scheme will also be created.
• Additionally, PMAY-U beneficiaries will be provided the benefit of PM Surya Ghar: Free Electricity Scheme, and the housing needs of the special focus group beneficiaries identified under PMAY-U 2.0 will be given priority.
• So far, 120 lakh houses have been sanctioned under PMAY-U, of which 94.11 lakh have already been completed.
• Angikaar 2025 will run from 4 September to 31 October across more than 5,000 Urban Local Bodies.
• A special celebration, PMAY-U Awas Diwas, will be observed on 17 September 2025 to mark one year of PMAY-U 2.0.
• PM Awas Mela – Shehri will also be organized at district and municipal levels as part of the campaign to promote community participation.