BANKING & FINANCIAL CA IN AUGUST 2025

RETIRED - 

* Suresh Narayanan, MD CEO Of Nestle India Will Retire After  26 Years Of 

* 

BANKING - 

* Quant MF Gets SEBI Approval To Launch India's First Long Short Fund 

* Government Of India Collected Rs. 1.96 lakh Crores GST In July 2025. 

Maharashtra With 30,590 Crores 

Karnataka With 13,967 Crores 

Gujarat With 11,358 Crores 

Tamilnadu With 11,296 Crores 

Haryana With 10,149 Crores 

Uttar Pradesh With 9,760 Crores 

Delhi With 6,057 Crores 

*  UPI Transaction Crosses 19.47 billions In July 2025. 

* UPI TRANSACTION 25.08 Lakh Crores In Value Recorded in July 2025.

* RBI Approved The Merger Of New India Cooperative Bank With Saraswat Bank.

* Reserve Bank of India (RBI) Announced The Repo Rate Remains Unchanged ( 5.5%)

* Projected GDP GROWTH FY 26 (6.5%)

* Projected Retail Inflation (3.1%) 

* NSDL Is Now Listed In BSE.

* * Government e- Marketplace Has Achieves a GMV Of Rs 5.4 Lakh Crores In FY 2024/25. 

WHAT IS GMV ? 

* GMV STANDS FOR - GROSS MERCHANDISE VALUE 

EXPLANATION - IT Represents The Total Value Of Merchandise Sold Over A Specific Period Through A Platform, 

An E-commerce Or C2C Marketplace 

Before Accounting For Expenses Like Returns, Discounts And Fees. 

* Hitachi Energy, Swiggy, Vishal Mega Mart And Waaree Energies Added To MSCI Global Standard Index 2025.

* RBI IMPOSES Rs 75 Lakh Penalty On ICICI Bank For Regulatory Violation.

*  ICICI Bank Increases Its Monthly Average Balance To 50,000 For Urban Areas And 25000 For Semi URBAN And Rural Areas.

* KSFE Becomes India's First Miscellaneous NBFC To Cross Rs 1 Lakh Crores Business Turnover.

* July CPI Inflation At 1.55% in 2025.

* RBI Issues Payment Aggregator Licence To Paytm Payments Services.

* Former Indusind Bank Deputy CEO Arun Khurana Under EOE Probe.

* RBI Cancelled The Certificate Of Registration Of Wadhawan Global Capital.

* State Bank of India (SBI) Has Offerings A Special Loan Scheme To Agniveers on The Occasions Of 79th Independence Day.

*  RBI Approved Block chain Based MSME Financing Solution By IBDIC, Backed By ICICI, HDFC Bank, Yes Bank, Aditya Birla Bank 

* INDIGO & IDFC First Bank Introduce The Co- Branded Credit Card, 

* YES Bank Announced Japan's SUMITOMO MITSUI BANKING CORPORATION ( SMBC) Has Received Approval From RBI To Acquire 24.99% Stake Of Company.

* LIC Will Continue Its Banc assurance Agreement With IDBI Bank 

( LIC To Reduce Its Residual Stake To Below 15%)

* Goldman Sachs Appointed As The The Sole Banker For The Government Stake Sale In 4 Public Sector Banks. 

* Government To Offload Stakes In UCO Bank, Central Bank of India, Punjab & Sindh Bank, And Indian Overseas Bank.

* Phonepe Launched Home Insurance With Premium Of Rs 181 Annually  For Coverage Of 12.5 Crores.

* Atal Pension Yojana (APY) Has Achieved A Milestone By Crossing 8.11 Crores Subscribers.

* Government e- Marketplace Has Crossed A Historic Milestone Of Rs 15 Lakh Crores in Gross Merchandise Value.

*  GSK Pharma Launched The JEMPERLI & ZEJULA  in India, ( WHICH Uses For Endometrial And Ovarian Cancer) 

* Union Finance Minister Nirmala Sitharaman Has Introduced The One Time - One Way Switch Facility From The Newly Introduced Unified Pension Scheme To NATIONAL Pension System (NPS) 

* This Facility Is Available To UPS Subscribers Upto One Year Before Their Superannuation Or Three Months Before Voluntary Retirement 

*  BSE Proposes Introduction Of Pre-Open Session For Index- & Stock Futures in F & O Segment From 8th December 2025. 

* 11 Years Completed The PM JAN DHAN Yojana. 

* GROW Received SEBI Approval for USD 700 Million To USD 1 Billion IPO. 

* Real GDP Has Been Growth By 7.8% in Q1 In FY 2024/25.

MANUFACTURE - 

* India Has Achieved The Historic Milestone - 100 GW Solar PV Module Manufacturing Capacity Under The Approved List Of Models And Manufacturing ( ALMM).

* PM Jan Dhan Yojana Completed 11 Years.

* State Bank of India (SBI) introduce The  SBI Nari SHAKTI Platinum Debit Card Exclusive Designed For WOMAN  ( Personal Accident Insurance Upto Covered 10 Lakh) 

APPOINTMENTS - 

* 1989 Batch IDAS Dr Mayank Sharma Assumed Charge As Financial Adviser ( Defense Service) 

* Valli Sekar & Jatul Anand Have Been Appointed As The Chief Business Officer And Executive Director Of PNB Housing Finance Respectively.

* AON Appoints Sushant Sarin As Head Of Strategy And Commercial Risk Solution For India.

* Gaurav Banarjee Has Been Appointed As Chairman Of BARC INDIA.

* Kevin Vaz Has Been Appointed As President Of Indian Digital Media Industry Foundation.

* 1988 Batch UTTAR PRADESH IAS OFFICER S Radha Chauhan Has Been Appointed As Chairperson Of The Capacity Building Commission (CBC).

* PB Balaji Has Been Appointed As CEO Of Jaguar And Land Rover.

* Rajiv Anand Has Been Appointed As The MD & CEO Of Indusind Bank for 3 Years.

* Air Bus Has Appoints Jurgen Westermeir As President And MD In India.

* Joydeep Saha Has Been Appointed As The MD & CEO Of Manipal Signa Health Insurance.

* Abhijit Kisore Has Been Appointed As The New CEO Of Vodafone Idea For Next 3 Years.

* HCL Tech CEO C Vijay Kumar Is The Highest Paid IT CEO in India, he Paid 94.6 Crores in FY 2025.

* Neha Markanda Has Been Appointed As The New Chief Business Officer Of Share chat.

* Rajiv Anand Assumed As The MD & CEO Of Indusind Bank.

* Avinash Rao Has Been Appointed As The MD & CEO Of Mahindra Susten 

* RBI Board Nominates INDRANIL Bhattacharya ( executive Director OD RBI) As An Ex- officio Member Of The Monetary Policy., 

* DR RAJIV RANJAN, ( PART OF RBI FOR 35+ YEARS) HAS BEEN APPOINTED AS THE NEW VICE PRESIDENT & RISK OFFICER OF NEW DEVELOPMENT BANK FOR NEXT 5 YEARS. 

* TCS Named Amit Kapur As Chief AI And Services Transformation OFFICER.

* Teymur Abasguliyev Appointed As The Chief Executive Officer Of Nayara Energy

* * FORMER RBI GOVERNOR URJIT PATEL HAS BEEN APPOINTED AS THE EXECUTIVE DIRECTOR OF INTERNATIONAL MONETARY FUND (IMF) FOR NEXT 3 YEARS.

* HE SERVED AS 24TH GOVERNOR OF RBI 

* Himanshu Tandon Has Been Appointed As The Vice President Of Sub - brand CMF Of NOTHING. 

*  Nishant Pitti Has Been Appointed As The CMD Of Easy My Trip.

THE BANKING LAW (AMENDMEMT) 2025 - 

* FROM 1ST AUGUST 2025 THE BANKING LAW ( AMENDMENT) CAME TO EFFECT 

AIM - 

* TO STRENGTHEN GOVERNANCE STANDARDS, IMPROVE DEPOSITORS PROTECTION AND RAISE AUDIT QUALITY ACROSS INDIAN BANKING SECTOR. 

* PUBLIC SECTOR BANK (PSB) WILL NOW BE ALLOWED TO TRANSFER UNCLAIMED SHARES, INTEREST AMOUNT, AND BOND REDEMPTION PRICEEDS, TO THE INVESTOR EDUCATION AND PROTECTION FUND ( IEPF) 

* TO ALIGN WITH 97TH CONSTRUCTION AMENDMENT ( THE TENURES OF DIRECTOR EXCLUDING CHAIRPERSON AND WHOLE TIME DIRECTOR IN COOPERATIVE BANKS HAS BEEN INCREASE FROM 8 YEARS TO 10 YEARS. 

WHAT LAW OFFERS - 

* IT CONTAINS TOTAL 19 AMENDMENTS ACROSS 5 LEGISLATION.

+: The Reserve Bank of India Act 1934 

+: The Banking Regulation Act 1949 

+: The State Bank of India Act 1955 

+: The Banking Companies ( Acquisition And Transfer Of Undertaking ) Act 1970 & 1980 

AWARDS - 

*  POWERGRID Director Recived Peoples Leader Of The Year 2025 

* IRCON Has Honoured With Public Sector Procurement Excellence Award At 10th Annual ISM - INDIA Conference 2025.

* CONCOR Has Received The Dynamic Trade Facilitator Of The Year At 15th All India Maritime And Logistics Awards 2025 (MALA) 

* Mining Tenement System (MTS) Has Bagged The GOLD Award At Under Government Process Re - Engineering Using Tech For Digital Transformation At The National Award For e- Governance 2025.

*  BPCL Has Honoured With The International Procurement And Supply Chain Conference .

*  State Bank of India Has Win 4 Awards At 4th DATA MATIXX Summit And Awards 2025.

a) Best Use Of AI Driven Influencer Marketing ( Gold Award) 

b) Excellence In Data Driven Social Media Marketing (SILVER) 

* C A Charanjot Singh Nanda, President Of ICA Has Conferred With ET Leadership Excellence Award 2025 in Professional Excellence. 

* President Droupadi Murmu Presented The SCOPE Eminence Award 2025.

* BHEL Wins ( In R & D And Innovation Technology) 

* POWERGRID Recived ( HUMAN Resources Management Category) 

* NTPC LIMITED Has Win ( Individual Leadership Category) 

* HAL ( Institution Excellence) 

* railtel ( Digital Transformation Category) 

* Goa Shipyard Limited ( In Women Empowerment Category)