BANKING & FINANCIAL CURRENT AFFAIRS IN OCTOBER 2026

*  Reserve Bank of India ( RBI) Has Introduced A Special FCNR (B) Swap Scheme To Encourage Bank To Attract More Foreign Currency Deposit From NRI 

* India's GROSS GST Collection Rs 2,03,521 CRORES In September 2026 

 * UPI Recorded Rs 2407 Crores In September 2026 ( Declined 1.8%)

* World Bank Raises The India's GDP Growth Projection By 0.5% To 7.1% For Current Fiscal 

* The International Monetary Fund ( IMF) HAS Projects India's GDP Growth At 7.0% For 2026 & 2027 

* Reserve Bank of India ( RBI) Raises Repo Rate To 5.50% ( 25 bps Raised) 

* Real GDP Growth For FY 27 Projected At 7.1% 

* NSO, Ministry Of Government Statistics Released The Strategy For Environmental Economic Account India ( 2022-2026) 

* Paytm Payment Bank Limited Has Been Excluded From The 2nd Schedule To The Reserve Bank Of India Act 1934 

* The Ministry Of Consumer Affairs Has Introduced The Consumer Protection ( E- Commerce) Amendment Bill 2026 

* oil And Natural Gas Corporation ( ONGC) Limited Has Incorporate Thee New Joint Venture Company, ONGC Petrochemical Marketing Limited ( OPML) With Mangalore Refinery And Petrochemical Limited And ONGC Petro Addition Limited

*  The Securities and Exchange Board Of India ( SEBI) Has Introduced The Credit Risk -o- Meter As a Mandatory Disclosure Mechanisms To Help Investors Access The Credit Risk Of Debt Securities Before Investing 

* At The 57th GST COUNCIL Summit 2026 

* it Recommends The Following 

* Removal Of Arrest Provision Under GST 

* Raising Prosecution Thresholds From Rs 1 Crores to 5 Crores 

* Reduction in General Penalty From Rs 25,000 To Rs 10,000

* Tax Credit And Refunds 

* Pulse Imports Have Decrease By 31.52% From Rs 46,427.60  Crores In 2024/25 To 31,793.59 Crores In 2025/26

* Chief Economic Advisor To The Government Of India V Anantha Nageswaran Released The White Paper Titled AI Automation And India's Workforce 

*  India's CPI Inflation Rises To 5.54%  in September 2026, Food Inflation Climbing To 7.74% ( 5.97% in August) 

* Sales Of Khadi And Village Industries Reached Rs 1.87 Lakh Crores in 2025/26 

* Production Increase By 380% To Rs 1,25,296 Crores 

* All India Wholesale Price Index (WPI) Index Inflation For September 2026 is 11.39% ( Year On Year Basis) 

* Gross Direct Tax 

* India's Exports Growth (Cumulative & Electronics) (SEPTEMBER 2026) 

* Union Finance Minister Nirmala Sitharaman Has Visited To Bangkok For Annual Meeting Of IMF & World Bank 

* 

* India's Global Oil And Supply Chain 

* India's Crude Oil Import Bill Surged 47% Year On Year To USD 15.4 Billion In September 2026 

*  The Index Of Core Industries ( ICI) Grew By 7.9% In September 2026 

REPORTS - 

* ) Minister Of Electronics And Information Technology Ashwini Vaishnav Has Released The World Development Report 2026 In New Delhi 

( World Development Report 2026 

* The Report Examine The Opportunities And Challenges The Artificial Intelligence Presents For Developing Economies And Sets Out A Framework For Countries To Harness AI For Development Through Adoption, Adaptation, Advancement

*  Karnataka Bank Launched The Trade Konnect ( a Digital Platform That Enables Customer Request To Import And Export Transaction) 

* NITI AYOG Released The Data Centre Set Up - Evaluation Framework Report 

* India's Exports To The United Kingdom Grew By 11% In April - June FY 2026-27 Reaching USD 3.69 Billion 

* State Bank Of India Received CERT -IN Communication With Respect To Suspected Exposure Of Customer data On Dark Web 

APPOINTMENTS - 

* Shri Akhilesh Pathak Has Assumed As The Director ( Projects) Of Power Grid Corporation Of India Limited ( POWERGRID) 

* RBI Has Approved The Appointment Of Anup Kumar Saha As The MD & CEO Of Kotak Mahindra Bank Limited 

* HDFC Bank Appoints Anup Bagchi As The MD & CEO 

* * ON 1st OCTOBER 2026, LAVANYA MUNDAYUR APPOINTED AS THE CHAIRMAN & MANAGING DIRECTOR OF NEW INDIA ASSURANCE COMPANY LIMITED 

* * 2009 BATCH IAS OFFICER TAMBOLI AYYAJ FAKIRBHAI APPOINTED AS THE NEW EXECUTIVE DIRECTOR OF IRDAI 

* SUBASH CHANDRA LAL DAS HAS BEEN APPOINTED AS THE NEW CHAIRMAN OF FINANCIAL SERVICES INSTITUTION BUREAU (FSIB) 

* HE RECENTLY SERVED AS SECRETARY OF MSME 

*  Vodafone Idea Appoints Ex Ola Electric Executive Manoj Murali As Coo 

* 2008 Batch IPS OFFICER Deepali Masirkar Has Been Appointed As The Executive Director (Security) ONGC 

* Mr M Sridhar Appointed As The Director Human Resource ( BHEL) 

* Shri P B Rangarao Assumed As The Director ( Operation) At HAL 

* NSO Conduct India's First Ever Household Travel Survey 

* Survey Covered 14 Thousand 274 Village & 10,377 Urban Blocks 

* 4 Lakh 92 Thousand Household, 

 Covering Over 20 Lakh 30 Thousand Persons 

* The Average Monthly Expenditure On Commuting To A Fixed Workplace Is 785 Rupee For Worker 

* Urban Workers Average Monthly Cost Of One Thousand And 44 Rupees 

* India - Africa Trade Approaching USD 100 billion ( India Is Africa's Fourth Largest Trading Partner) 

* The Union Cabinet Has Approved The Strategic Sale And Restructuring Of IDBI Bank To FairFax Financial Holding 

* Goa's Mormuago Port Becomes India's First Major Port To Secure Private 5G Network Approval 

* State Bank of India.( SBI) Has Won The World's Best Consumer Bank In 2026 Award 

* The National Skill Development Corporation ( NSDC) Listed In National Stock Exchange 

* Centre For Development Of ADVANCED Computing ( C-DAC) And Bank Of India Have Signed MoU To ADVANCED Indigenous Quantum Technologies For BANKING Application 

* Prime Minister Narendra Modi Inaugurated The RBI Data Centre & Cybersecurity Training Institute At Bhubaneswar, Odisha 

* The Employees State Insurance Corporation ( ESIC) Has Extended The New Amnesty Scheme 2025 For Three Months December 31,2026 

*  SEBI And The Bank Of England ( BoE) Have Signed A MoU To Strengthen Cooperation And Exchange in clearing Corporation