🚨 04 Major Money Rule Changes Effective from July 1

1. ITR Filing Deadlines

• ITR-1 & ITR-2 (Salaried Individuals): Last date – 31 July
• ITR-3 & ITR-4 (Business/Profession): Last date – 31 August

2. Aadhaar Email Update is Free

• Updating your email ID linked with Aadhaar is now free via the app.
• The earlier ₹75 fee has been waived till December 2026.

3. Passport Fees Revised

• 36-page Passport: ₹2,500
• Tatkaal (36-page): ₹5,000
• 60-page Passport: ₹3,500

4. RBI Strengthens Customer Protection

• If a bank or regulated entity mis-sells an unsuitable financial product, customers may be entitled to a full refund and compensation for any losses, subject to RBI's guidelines.

India-Japan Summit 2026: Key Highlights

Prime Minister Narendra Modi and Japanese Prime Minister Sanae Takaichi held the 16th India-Japan Annual Summit in New Delhi, further strengthening the Special Strategic and Global Partnership between the two countries.

Key Outcomes

• Both countries adopted a Roadmap on Economic Security to build resilient supply chains and reduce dependence on single-country sourcing.

• Agreed to deepen cooperation in Artificial Intelligence (AI), Semiconductors, Critical Minerals, Energy Security, and Emerging Technologies.

• Signed their first Defence Co-development Agreement, marking a major milestone in bilateral defence cooperation.

• Japan reaffirmed its support for the Mumbai–Ahmedabad High-Speed Rail (Bullet Train) project and India's target to begin operations on priority sections by 2027.

• Japan reiterated its long-term commitment to invest ¥10 trillion (over US$60 billion) in India by 2035, with fresh investments announced in technology and manufacturing.

• Collaboration will expand in Green Hydrogen, Clean Energy, Shipbuilding, Rare Earths, and Next-generation Mobility.

• Both leaders reaffirmed support for a Free, Open and Inclusive Indo-Pacific, closer cooperation under the Quad, and stronger maritime security.

SBI CBO Previous Year Interview Questions
(Source: Adda)

MSME Sector

1.  What are MSMEs, and how do they contribute to the Indian economy?
2.  What are the major challenges faced by MSMEs today?
3.  What measures can banks and the Government take to improve MSMEs' access to finance?
4.  What initiatives has RBI/Government taken recently to support MSMEs?
5.  What is the role of TReDS in MSME financing?

Supply Chain Finance

6.  What is Supply Chain Finance?
7.  Why is Supply Chain Finance important for MSMEs?
8.  How can banks strengthen Supply Chain Finance?
9.  What are the benefits of invoice financing and receivables financing?

Priority Sector Lending (PSL)

10.  What is Priority Sector Lending (PSL)?
11.  Why is PSL important for the Indian banking system?
12.  What are the major categories covered under PSL?
13.  How are housing loans classified under PSL?
14.  What is the role of banks in achieving PSL targets?

Digital Banking & SBI Products

15.  What are the recent innovations in SBI's digital banking ecosystem?
16.  What are SBI's major digital banking products and services?
17.  How do digital banking products promote financial inclusion?
18.  What measures has SBI taken to enhance customer experience through digital banking?
19.  What are the major cybersecurity risks associated with digital banking?

Lending & Interest Rates

20.  Why are personal loan interest rates generally higher than housing loan rates?
21.  How does risk assessment influence lending rates?
22.  What factors are considered while assessing a borrower's creditworthiness?
23.  How does the repo rate affect bank lending rates?

Economy & Banking

24.  What are the recent trends in India's economic growth?
25.  What are the latest inflation trends in India?
26.  What were the key highlights of RBI's latest Monetary Policy?
27.  How do inflation and interest rates affect the banking sector?
28.  What are the major challenges currently facing the Indian banking sector?

Current Affairs

29.  What are the recent developments in India's sports sector?
30.  Which recent banking or economic news has caught your attention, and why?

Government Plans to Replace WPI with PPI

The Government is planning to replace the Wholesale Price Index (WPI) with the Producer Price Index (PPI) over the next 4-5 years. For now, it has started collecting data and testing the new index.

First, understand these terms:

1) WPI (Wholesale Price Index): Measures inflation based on the prices of goods sold in the wholesale market.

2) PPI (Producer Price Index): Measures changes in prices received by producers (manufacturers) before goods reach wholesalers or consumers. It gives a better picture of inflation at the production stage.

Why is this important?

Inflation indices like CPI and WPI/PPI are used not only to measure inflation but also in important economic indicators such as:

• GDP (Gross Domestic Product) – the total value of goods and services produced in the economy.
• IIP (Index of Industrial Production) – measures the growth of industrial output.

The government has already started using PPI instead of WPI in some GDP and IIP calculations, even though WPI will continue as the official index for a few more years.

Types of Producer Price Index (PPI)

1. Output PPI (OPPI)
Measures the prices that producers receive when they sell their products.
Shows inflation at the factory gate.

2. Input PPI (IPPI)
Measures the cost of raw materials, fuel, and other inputs used in production.
Indicates cost pressures faced by producers.

3. Service PPI (SPPI)
Measures price changes in services such as transport, banking, insurance, and telecommunications.

India has emerged as the 10th largest insurance market globally by premium volume, reflecting expanding financial protection. Insurance broadly includes life insurance (covers death, disability, retirement risks) and non-life insurance (protects health, property, assets against unforeseen events).

Cristiano Ronaldo's final FIFA World Cup ends in tears as Spain's late strike knocks Portugal out 💔

Led by Smartphones & electronics,TN posted fastest growth in Merchandise exports in FY26

Tamil Nadu’s total exports for FY26 stood at $59.3 billion, up 13.7 per cent YoY despite a year of trade tensions and geopolitical instability, as per data of Ministry of Commerce.

Ethanol Blending: Why?

✓ Ethanol is an alcohol-based biofuel with the chemical formula C₂H₅OH.

✓ Ethanol contains 2 carbon atoms per molecule, whereas petrol mainly consists of hydrocarbons containing 8–12 carbon atoms.

✓ A higher proportion of ethanol in petrol helps reduce carbon dioxide (CO₂) emissions, making it a cleaner fuel.

✓ Ethanol is produced from renewable agricultural feedstocks such as sugarcane, maize, damaged food grains and agricultural residues.

✓ Ethanol has a lower calorific value than petrol, meaning it contains less energy per litre.

✓ As a result, vehicles running on high ethanol blends may experience around 25–30% lower fuel efficiency (mileage) compared to pure petrol.

✓ Ethanol has a high octane number, which improves fuel quality and engine performance by resisting premature combustion (engine knocking).

✓ India has advanced its target of 20% ethanol blending (E20) in petrol from 2030 to 2025-26 under the National Biofuel Policy.

📈 Capital Market Terms Every Banking Aspirant Should Know

🔹 IPO (Initial Public Offering): First-time sale of shares by a private company to the public.

🔹 FPO (Follow-on Public Offer): Additional share issue by an already listed company to raise more capital.

🔹 Rights Issue: Existing shareholders get the right to buy additional shares, usually at a discounted price.

🔹 Bonus Issue: Free shares issued to existing shareholders from the company's reserves.

🔹 Stock Split: Division of existing shares into smaller denominations, increasing the number of shares while reducing the price proportionately.

🔹 Buyback: Company repurchases its own shares from shareholders to reduce outstanding shares.

🔹 OFS (Offer for Sale): Promoters sell their existing shares to the public through the stock exchange.

🔹 Preferential Issue: Shares allotted to a selected group of investors instead of the general public.

🔹 ESOP (Employee Stock Option Plan): Employees are given the option to purchase company shares at a predetermined price.

🔹 DRHP (Draft Red Herring Prospectus): Preliminary IPO document filed with SEBI containing company details and risk factors.

🔹 Face Value: Nominal value assigned to a share by the company (e.g., ₹10).

🔹 Market Price: Current price at which a share trades on the stock exchange.

🔹 Market Capitalization: Total market value of a company's outstanding shares.
Formula: Share Price × Outstanding Shares.

🔹 Price Band: The minimum and maximum price range within which investors can bid for an IPO.

🔹 Grey Market Premium (GMP): Unofficial premium at which IPO shares trade before listing. It is not regulated by SEBI.

🔹 Listing: Admission of a company's shares for trading on a stock exchange.

🔹 Delisting: Removal of a company's shares from a stock exchange, either voluntarily or compulsorily.

OICL AO 2026 Final Result Out

Cleared OICL AO 👏

Congratulations Prachi 🏆

PM Modi has hinted social media curbs for Minors

📅 Expected Regulatory Body Notifications

✓ NABARD Grade A
• Expected: August 2026
• Vacancies: 90-100

✓ IFSCA Grade A
• Expected: This year
• Vacancies: Around 20

✓ RBI Grade A
• Expected: Before December 2026 (High Probability)
• Vacancies: 200+

✓ NPS Grade A
• Expected: Soon
• Vacancies: Not Confirmed
(Eligibility criteria may change).

✓ RBI Grade B
• Expected: Early 2027
• Vacancies: Likely higher than the previous recruitment

Source: CGB

Food regulator FSSAI has issued 9 notices to Swiggy Instamart following several consumer complaints, including of alleged supply of rotten and expired food products by the platform.

The regulator has directed the platform to submit a detailed explanation and compliance report failing which appropriate legal action will be initiated.

World Bank to Give $890 mn For Solar Rooftops

🚨Linda Noskova is the Wimbledon champion 🏆🎾

The Czech youngster overcame a dramatic collapse after missing five championship points to defeat Karolina Muchova in a thrilling Wimbledon final and lift her maiden title.

Impacts of Rupee Depreciation:

Imports become more expensive: One of the immediate impacts of rupee depreciation is that imports become more expensive. This is because when the rupee depreciates, it takes more rupees to buy the same amount of foreign currency. As a result, businesses and consumers in India have to pay more for imported goods and services, which can lead to higher prices for consumers.

Inflation Increases: When the cost of imports increases, it can lead to inflation.

Impact on foreign investment: A weaker rupee can discourage foreign investors from investing in India. This is because they are more likely to face losses when converting their profits back into their home currency.

Higher borrowing costs: When the rupee depreciates, it can lead to higher borrowing costs for Indian businesses and the government. This is because foreign investors demand higher interest rates to compensate for the increased risk associated with investing in a country with a weaker currency.

(Source : Brajesh Mohan)