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๐Ÿ”†โ€”ยซ JUNE 2026 โ€” Banking & Finance ยปโ€”๐Ÿ”†


โœ…SEBIโ€™s NISM Partners with Galgotias University (UP) to Expand Industry-Aligned Financial Education.

โœ…Bajaj Finserv Partners with IIT-Bombay to Launch โ€˜Finserv Intelligenceโ€™ for AI & Deep-Tech Research โ€” to support Indiaโ€™s research and innovation in Artificial Intelligence (AI) and deep-technology.

โœ…Karura Vysya Bank Limited (KVB)an Indian private sector bank, launched 4 new premium credit card portfolios namely, Aura (Visa Platinum), Samara (Visa Signature), Altura (Visa Infinite) and Eternis (Visa Infinite)on the Visa platform.

โœ…RBI Annual Report 2025-26: RBIโ€™s Balance Sheet for FY26 Expands by 20.6% to Rs 91.97 lakh crores.

โœ…India Emerges As Worldโ€™s 5th Most Digitalised Economy: โ€œState of Indiaโ€™s Digital Economy (SIDE) 2026โ€ Report โ€” an annual publication from 2023.

โœ…CHIPS Index: The report also ranked India fourth globally in the Connect, Harness, Innovate, Protect and Sustain (CHIPS) index for (AI), behind only the United States of America (USA), China and Singapore.

โœ…BharatPe launches BharatPe Flex, a Credit-on-UPI solution powered by YES BANK โ€” BharatPe has also launched a new brand film for BharatPe Flex built around the proposition โ€œPay now. Settle laterโ€, highlighting the rising preference among consumers to  pay through UPI.

โœ…Indiaโ€™s UPI Enabled for Payments in Cambodia via KHQR Network โ€” (NPCI), partnered with ACLEDA Bank Plc. (Association of Cambodian Local Economic Development Agencies Bank).

โœ…Asian Development Bank (ADB) + Standard Chartered Bank signed agreements to strengthen supply chain finance in India through risk-sharing arrangements covering both United States Dollar (USD) and Indian Rupee (INR) transactions.

โœ…Highlights of RBIโ€™s 2nd Bi-monthly Monetary Policy FY2025-26: Policy Rates kept Unchanged โ€” (FY27)
61st 
and 2nd Bi-monthly Monetary Policy Committee (MPC)
(LAF) unchanged at 5.25%.
(SDF) rate remains at 5.00%
(MSF) rate + Bank Rate =  5.50%.
(GDP) Forecast for FY 27 = 6.6%
CPI inflation for FY27 = 5.1%

โœ…International Finance Corporation (IFC), a World Bank Group arm and Global Investors committed a total investment of around โœจ USD 105 million, to Hygenco Green Energies Private Limited to accelerate green hydrogen development in India.

โœ…RBI Imposes Rs 41.80 Lakh Penalty on Canara Bank for KYC and Account Classification Lapses โ€” under Section 47A(1)(c) read with Sections 46(4)(i) and 51(1) of the Banking Regulation Act, 1949.

โœ…RBI Launches Twin USD-INR Forex Swap Facility to Attract Foreign Currency Inflows :
โ€” One for fresh Foreign Currency Non-Resident Bank (FCNR (B)) deposits
โ€” Second for eligible External Commercial Borrowings (ECBs) and overseas Foreign Currency Borrowings (OFCBs)

โœ…Sahamati Foundation Gets RBI Recognition as SRO for AA Ecosystem

โœ…Viyona Fintech Gets NPCI Certification as Biller Operating Unit under BBPS to collect payments through the Bharat BillPay network.
โœ…RBI Releases '' 3rd Amendment Directions'' easing Bank Lending Norms for REITs and InvITs
โ†’ banks can lend only to REITs and InvITs that are registered with and regulated by (SEBI) and listed on recognised Stock Exchanges (SE).
โ†’
For REITs, lending will be restricted to listed trusts where at least 80% of assets comprise cash-generating properties that have been operational for more than one year.
โ†’
Banks may lend only to listed InvITs with at least 80% of assets invested in completed and revenue-generating infrastructure projects with positive cash flows for one plus year.

โœ…Nuvama Wealth Management Gets SEBI Approval to Launch Mutual Fund Business through its asset management arm Nuvama Asset Management Limited (NAML).

โœ…(RBI) imposed several restrictions on Mogaveera Co-operative Bank Limited (Mumbai, Maharashtra) under direction for a period of 6 months.

โœ…Oil India Limited (OIL), a โ€œMaharatnaโ€ Central Public Sector Enterprise (CPSE) under (MoPNG), signed a collaboration framework with Petroleum Technology Research Centre (PRTC), a Canada-based not-for-profit energy research organisation, to jointly explore carbon capture, geothermal energy, and other clean energy technologies.

โœ…(SEBI) revised the trading framework for Exchange Traded Funds (ETFs)introducing dynamic price bands to determine their base price - Effective from September 01, 2026.

โœ…RBI Launches โ€˜RBI Reelathon 2026โ€™ to Combat Cyber Financial Frauds in Kerala

โœ…Bank of Baroda Launches โ€˜bob Golden Goal Deposit Schemeโ€™ Offering Interest Rates up to 7.40% โ€” a 555-day retail term deposit for deposits below Rs 3 crore.

โœ…YES BANK & Northern Arc Capital Partner to Expand Credit Access and Digital Lending
โœ…NSE Indices Adds 11 New Sectoral Indices, Total Reaches 34

โœ…National Industry Platform โ€˜ARIFACโ€™ Launched to Strengthen AML/CFT Framework in India.

โœ…ADB Partners with Schoolnet India Limited [SIL] for USD 10 Mn to Expand Digital Education Infrastructure in India.

โœ…BITS Pilani-Axis Bank Signed Agreement to Establish Rs 100 Crore Innovation Park in Hyderabad.

โœ…BSE Launches Indiaโ€™s first Saatvik Index โ€˜BSE Saatvik 100โ€™ to Promote Ethical-based Investing โ€” The Index is derived from the constituents of BSE 500 Index + base value of 1000.

โœ…IRDAI Constitutes a 7-member AI Working Group Led by Prof. Sandeep Shukla to Guide AI Adoption in Insurance Sector.

โœ…Federal Bank Launches FCNR Max Deposit Scheme with 6.25% Interest on USD Deposits - with tenures of 3โ€“5 years.

โœ…(RBI) revamped the โ€œKisan Credit Card (KCC) schemeโ€, โ€” KCC directions, 2026 will apply to loans sanctioned under the KCC scheme from January 1, 2027.

โœ…RBI Waives Collateral Requirement for Agri Loans Up to Rs 2 lakhs; Revamps Lead Bank Scheme (LBS).
โ€” voluntary pledge of gold and silver as collateral for agriculture loans up to the collateral-free limit will not be considered as a violation of the guidelines on collateral-free lending to the agriculture sector.

โœ…Zerodha Fund House Launches Indiaโ€™s First Lifecycle Mutual Funds with Target Years 2036 and 2041

โœ…PNB Partners with Zaggle to Launch Eco-Friendly Co-Branded Twin Credit Cards - offers customers access to both Visa and RuPay networks through a twin-card proposition.

โœ…World Bank Approves USD 1.5 Billion for Indiaโ€™s Structural Reforms to Boost Private Sector Job Creation โ€”  under the Private Sector Development Policy Financing (DPF) programme.

โœ…World Bank Approves Rs 4,000 Crore Loan for Haryanaโ€™s Jal Sanrakshit Haryana Project

โœ…PFRDA Launches AI-Powered Pension Sahayak Portal for Pension Grievance Redressal

โœ…NSE Partners with BME to Boost Indiaโ€™s Non-Ferrous Metal Derivatives Market

โœ…International Finance Corporation (IFC), - arm of World Bank Group (WBG), pledged USD 371 million to Sify Infinit Spaces Limited (SISL), to support the development of Artificial Intelligence (AI)-ready, energy-efficient Data Centre (DC) infrastructure in India.

โœ…Skydo became the 1st Indian cross-border company to get regulatory approval overseas โ€” Secures Canada Registration

โœ…jUMPP - an (AI)-driven fintech platform- Secured NPCI Approval to Operate as TPAP, Enabling UPI Services .

โœ…LEXI Receives In-Principle Approval from IFSCA to Operate as PSP at GIFT-IFSC

โœ…PaisabazaarIndiaโ€™s largest financial marketplaces, in partnership with SBM Bank (India) Limited, launched the โ€œSBM Paisabazaar Paisa+ Credit Cardโ€, a Fixed Deposit (FD)-backed secured credit card.

โœ…RBI Classifies NBFCs with Assets Above Rs 1 lakh Crore as Upper Layer

โœ…ADB Approves USD 42.2 Million Small Expenditure Financing Facility (SEFF)  Loan to Develop Bamboo industry in NE India
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