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🔆—« MAY Month BANKING News 2026 »—🔆

✅NPCI Bharat BillPay Limited (NBBL), a subsidiary of NPCI, partnered with fintech firm Juspay Technologies Private Limited, to launch a unified switch and software development kit (SDK) for its Banking Connect platform across India 🇮🇳, aimed at enhancing the net banking experience 💳.

✅IPPB Launches Zero-Balance SHG Savings Account to Empower Women-Led Self Help Groups 🚺💰
Maximum balance: Rs. 2 lakh, Zero balance, zero charges, Quarterly interest payout 📈
✓ Features: Zero balance, free transactions, digital onboarding, and a free monthly statement 📱.

✅Ministry of Finance (MoF) notified amendments to the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026, allowing 100% Foreign Direct Investment (FDI) in Indian insurance companies and insurance intermediaries via the automatic route, subject to regulatory approval and compliance with the Insurance Act, 1938 🏦.

Exception: Retains FDI in LIC at 20%. ⚠️

✅Asian Development Bank (ADB) launched a USD 70 billion initiative to expand energy and digital infrastructure across Asia-Pacific by 2035 ⚡️🌏, enhancing connectivity, power trade, broadband access, and regional resilience 🌐.
• It was announced during its 59th Annual Meeting held in Samarkand, Uzbekistan. 🇺🇿
✓ Initiative 1: Pan-Asia Power Grid (USD 50 Billion) 🔌
✓ Initiative 2: Asia-Pacific Digital Highway (USD 20 Billion) 🛣
✅ADB Launches New Financing Partnership Facility To Strengthen Asia’s Critical Mineral Supply Chains - Japan (USD 20 million); the UK (USD 1.6 million) 💎.

ADB—MASATO kanda - manila-philippines -1966 🇵🇭

✅AU SFB Launches Four New Credit Cards with Travel and Lifestyle Benefits ✈️💳
└─AU Ananta, AU Laksya, AU Tejas, AU Prathama
TARGET: Affluent users, Gen Z, salaried professionals, first-time credit users 🎯

AU SFB - 1st in principle approval from RBI for UCB = HQ: Jaipur

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✅CTBC Bank Becomes 1st Taiwanese Bank to Open Branch at GIFT City, Gujarat 🏦🇹🇼

✅IDFC FIRST Bank Launches Business Multiplier Metal Credit Card for Founders & Entrepreneurs 🚀

✅ICICI Bank and Visa Launch India’s First USD-Denominated Debit Card for NRIs at GIFT City💰
Operates on: Visa Infinite Platform

✅Assam CM Himanta Biswa Sarma Inaugurates India’s 1st AI-powered Phygital Bank Branch in Guwahati
—» branch of Slice Small Finance Bank (Slice SFB)

✅Bajaj General Insurance Limited (BGIL) launched ‘My Health Care Plan Edge+’ (MHCP EDGE+), a next-generation health indemnity insurance plan offering coverage from Rs 5 lakh to Rs 5 crore, aims to reduce out-of-pocket healthcare expenses by providing flexible, customisable, and long-term health protection solutions.

✅NCDEX Launches India’s First Weather Derivatives Contract “RAINMUMBAI”
Co-developer: IIT-Bombay

✅ZikZuk Technologies Receives RBI Approval to Operate as PPI Issuer
— Payment and Settlement Systems Act (PSSA), 2007.

✅Skydo, a leading cross-border payments platform, secured the in-principle approval to operate as Payment Service Provider (PSP) in the International Financial Service Centre (IFSC) at Gujarat International Finance Tec-City (GIFT City) in Gandhinagar, Gujarat. PA-CB licence.

✅AIIB Rolls Out USD 10 Billion Relief Shield for Conflict-Hit Nations
Duration: 2 years
✓ Purpose: Support countries affected by the ongoing Middle East conflict.

AIIB - Beijing (China) - 2015.

✅(LIC) announced the launch of two new joint life insurance savings plans ‘LIC’s New Jeevan Sathi Single Premium’ and ‘LIC’s New Jeevan Sathi Limited
Premium’, available from June 2026.

✅One Mobikwik Systems Secures RBI Approval for offline PA Licence Expansion - Payment Aggregator-Physical (PA-P) licence.

✅BoB Launches Biometric & UIDAI Face Authentication, UPI Services on bob इ Pay — Platform: bob इ Pay

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