Sunday, 31 May 2026

BANKING & FINANCIAL CA IN MAY 2026

BANKING - 

*  Federal Bank To Acquire Select Credit Card Portfolio From Standard Chartered Bank.

 SEBI Has Appointed Care Rating Limited To Function As The Past Risk And Return Verification Agency ( PaRRVA) 


*  The Reserve Bank of India Has Exempted Non - Deposit Taking Non -Banking FINANCE Companies ( NBFC) With An Asset Size Of Less Than 1000 Crores And Not Availing Public Funds, 

India Post Payment Bank (IPPB) Has Announced The Launch Of Its Self Help Group (SHG) Savings Account 

* UPI COMPLETED 10 Years 

* MoU Signed Between Government Of Gujarat And India Post Payment Bank To Provide Free Digital Life Certificate Via Post man

* UPI Transaction Value Exceeds Rs 314 Lakh Crores In FY 26

Recently The 10th Joint Trade Committee Meeting Between India And Kenya Held 

( India And Kenya Bilateral Trade REACHES USD 4.31 billion In 2025/26) 

* Government Of India Has Collected Rs 2.43 Lakh Crores GST IN April 2026

The Income Tax Of India Has Launched The Chat bot KAR SAATHI (.AI Powered Assistance) 

* Axis Bank Opens Its First DIGITAL Locker Focused Branch In New Delhi 

 * Government Notified 100% Foreign Direct Investment In Insurance Sector 

* National Stock exchange (NSE) Launched Electronic Gold Receipts (EGRs), 

* EGRs Is Dematerialised Securities That Represents Ownership Of Physical Gold, Which Is Stored In The SEBI, Accredited Vaults, And Held Electronically Through Depositary 
* Bank Of Baroda Gets Letter Of Appointment From PFRDA To Act As Sponsor Of Pension Fund 

( PFRDA - Pension Fund Regulatory And Development Authority) 

* UPI Records Rs 22.35 Billion Transaction In April 2026 

* Reserve Bank of India (RBI) HAS Issued The Foreign Exchange Management ( Authorised Persons) Regulation 2026 

* The New Regulation Aims To Rationalize The Process For Granting And Renewing Licence To Authorised Person While Expanding The Principal Agents Model For Delivering Forex Service. 

* India Achieved A Historic Milestone In Export - Of USD 863.11 Billion In FY 2025/26 

 Kotak Mahindra Bank Has Gets RBI NOD To Acquire 9.99% In AU Small FINANCE Bank 

Kotak Mahindra Bank Gets RBI NOD To Acquire Aggregate Holding Of Up To 9.99% In The Federal Bank 

NITI AYOG Vice Chairman Suman Berry Has Released The Policy Report Titled - School Education System In India 

Department Of Financial Service's Insurance Division Top Grievances Redressal Assessment And Index ( GRAI) Ranking In Group A Category in March 2026 

* BSE Announced The Rs 5000 Crores Revenue Milestone In FY 26 

 Pradhan Mantri Jeevan Jyoti Bima Yojana Completed 11 Years.

Reserve Bank of India (RBI) Has Imposed Monetary Penalty On Hinduja Housing Finance Limited And Yes Bank Limited For KYC 

 Reserve Bank of India And European Central Bank Have Signed MoU Aimed At Enhancing Cooperation In The Field Of Central Banking.

SBI Research - India Projected To Clock 6.6% GDP Growth FY 27.

* Public Sector Banks (PSBs) Recorded An All-time High Net Profit - Of Rs 1.98 Lakh Crores In FY 2025/26 

* PSBs Total Business Records REACHED 283.3 Lakh Crores In FY 26 

* PSBs Registered Lowest Ever NPAs Asset Quality 

* The Department Of Financial Services Launched The Bharat MARITIME Insurance Pool (BMIP)

*  SBI mutual Fund Buys 5.89 Million Adani Enterprises Share By Block Deal 

* Assam Chief Minister HIMANTA BISWA SARMA Inaugurated India's First AI - Powered PHYGITAL - Banking Branch Of Slice Small FINANCE Bank At GS Road In Guwahati, 


* Hindustan Coppers Limited Surges The Profit Before Tax ( PBT) To 95% To Rs 1232.73 Crores 

* RBL Bank Has Received All Regulatory And Government Approval For Emirates NBD Strategic Investment 

* Taiwanese CTBC Bank Opens Branch In GIFT City, 

 Bharti Airtel Overtakes HDFC Bank To Became India's 2nd Most Valuable Company 

* NSE India Launches The First Foreign Equity NSEIX - Cyprus Stocks Exchange 

 Euro Bank Became The First European Bank To Launch The UPI Based Remittance From Greece And Cyprus  To India 

Reserve Bank of India (RBI) Has Conducted The Information Security Channel Meeting In New Delhi 

Securities Exchange Board Of India ( SEBI), National Institute Of Securities Market ( NISM), And Indian Institute Of Corporate Affairs ( IICA) Signed MoU To Advance Corporate Governance, ESG And Capital Markets 

* RBI Approved Record Surplus Transfer Of 2.86 Lakhs Crores Rupee To Central Government  For FY 2025/26 

The Completion Commission In India (CCI) Has Approved The Merger Of Indovida India Private Limited With Into EPL Limited 

 Department Of Financial Services Has Launched The Common Landing Portal For Unclaimed Financial Assets To Facilitate Easier Access To Information On Unclaimed Financial Assets 

APPOINTMENTS - 

 Sanofi India Appoints Rahul Bhatnagar As Chairman Of Its Board Of Director 

Dr N Kamakodi, Resigned As MD CEO OF City Union Bank 

Infosys Named Nitin Paranjpe As Its Vice Chairman 

Phone Pe Share Market CEO Ujjwal Jain Steps Down 

* VETERAN RBI EXECUTIVE DIRECTOR SHRI ROHIT JAIN HAS BEEN APPOINTED AS THE NEW DEPUTY GOVERNOR OF RBI 

* HE SUCCEEDED SHRI T RAVI 

Hero Motocorp Appoints Sachin Agarwal As CTO 

* Adobe Appoints Manoj Nagpal As Vice President 

Manappuram finance Appoints Bhuvanesh Tharashankar As CFO.

LARSEN And Toubro APPOINTS P Ramakrishnan As Chief Financial Officer 

 Porsche India Appoints Asutosh Dixit As Brand Director.

Vodafone Idea Appoints Kumar Mangalam Birla As Non Executive Chairman.

* EisnerAmper India Appoints Radhika Harivanam As Managing Director 

* Aman Srivastava Joins Amar Chitra Katha As CEO 

 Jai RADHAKRISHNAN, MD Has Been Appointed As The Next Editor In Chief Of Kidney International.

* India Government Has APPOINTS Rajesh Agarwal As The Nominee Director On REC Board 

Dr Hemant Sharad Pande Has Appointed As The CMD Of Western Coalfield Limited (WCL)

 A K PANDA Has Assumed As The Chairman And MANAGING DIRECTOR of SAIL 

Bharti Airtel Reappointed Sunil Mittal As Chairman For The 5 Years 

Jio Platform Appoints Akash Ambani As MD For Five Years 

Shri Gunveer Singh APPOINTED As The New Executive Director Of RBI 

1996 Batch IRTS OFFICER Jasmeet Singh Bindra Has Been Appointed As The Chairperson Of Vishakapatnam Port Authority 

RBI Approved Sandeep Bakshi Has Appointed As MD & CEO Of ICICI BANK

Former IAS OFFICER Elias George Has Been Appointed As The Chairperson Of The Board Of Director Federal Bank Limited 

 IAIRO Appoints Vishal Mehta As Technical Advisor 

Power Foundation Of India (PFI) Has Appointed Dr Ravindra Kumar Tyagi as It's Director General.

 * BPCL Appoints Pushp Kumar Nayar As Human Resources Director.

 Shri Satyan Kumar Assumed As The Director ( Strategy And Corporate Affairs) Of ONGC 

AWARDS - 

 Adani Ports Wins The India's Best Annual Report Award 2025 In Logistics Category 
Industrialist Sunil Bharati Mittal Has CONFERRED With CII President Award For Lifetime achievement 

Central Coalfield Limited (CCL) Has Received The Greentech CSR India Platinum Award 

* BEL Has Bagged Golden Peacock Award For Business Excellence 

Karnataka Grameen Bank Has Honoured With Prestigious National Award By The Pension Fund Regulatory And Development Authority ( PFRDA) New Delhi For Outstanding Contribution Of Atal Pension Yojana 

Founder Of Kotak Mahindra Bank Uday Kotak Has Been Conferred With Padma Bhushan Award 

* Essar Ports Salaya Terminal Has Been Awarded The International Safety Award By Brit Safe.

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