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🏦 RBI Issues New Rules for Sale of Seized Properties

Effective From: 1 October 2026

• RBI has issued new rules for houses, land and commercial properties that banks acquire from loan defaulters.

• Banks must sell these properties within 7 years of acquiring them. They are encouraged to sell them earlier through public auctions.

• The defaulting borrower and related parties cannot buy back the seized property from the bank. This prevents borrowers from intentionally defaulting and later reclaiming the property.

Valuation: The property will be valued at the lower of:
✓Outstanding loan value (Net Book Value), or
✓Fair value assessed by two independent valuers.

• Every bank must have a Board-approved policy for managing and selling such properties.

• These rules apply only after the property legally becomes the bank's ownership. Borrowers' rights under the SARFAESI Act, 2002 remain unchanged before that.
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Olympic medallists Mirabai Chanu and Lovlina Borgohain will lead Team India as the flag and baton bearers at the opening ceremony of the 2026 Commonwealth Games in Glasgow on July 23🇮🇳
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Major Banks Earn over 20,000 Crore from insurance sales in FY26.

Leading public and private sector banks dominated this lucrative fee stream, with nearly 80% of earnings coming from insurance sales:HDFC Bank: ₹6,927 croreICICI Bank: ₹4,068 croreAxis Bank: ₹3,700 croreState Bank of India (SBI): ₹2,795.01 crore (a 19.26% jump from the previous year)Kotak Mahindra Bank: ₹1,075 crore
Banks, financial institutions saw fraud of 1.42 trillion in 5 Years

Banks and financial institutions reported fraud of Rs 1.42 lakh crore in the last five financial years and recovery to the tune of Rs 6,389 crore was made during the period, Parliament was informed on Tuesday.

In a written reply to Rajya Sabha, Minister of State for Finance Pankaj Chaudhary said his ministry has been apprised by RBI that it is not maintaining information pertaining to the action taken against wilful defaulters.

Public sector banks, as on March 31, 2026, have recovered an aggregate amount of Rs 52,360 crore from wilful defaulters.

Further, he said, recovery in accounts classified as fraud is an ongoing process and as per RBI data, an aggregate recovery of Rs 6,389 crore was made in such accounts during the last five financial years.
Centre appoints Anurag Jain as Chief Executive Officer, NITI Aayog
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#Interview_Basics

Money Market Instruments
The Money Market is a market for short-term borrowing and lending (up to 1 year). It helps the Government, RBI, banks, financial institutions, and companies manage their short-term liquidity requirements.

1. Treasury Bills (T-Bills)
• Issued by the Government of India.
• Maturity: 91, 182, and 364 days.
• Issued at a discount and redeemed at face value (Zero-coupon security).
• Considered the safest money market instrument.

2. Call Money
• Very short-term borrowing and lending between banks.
• Maturity: 1 day (overnight).
• Helps banks meet temporary liquidity shortages.

3. Notice Money
• Similar to Call Money but with a maturity of 2–14 days.

4. Term Money
• Inter-bank borrowing and lending for 15 days to 1 year.

5. Commercial Paper (CP)
Unsecured short-term promissory note issued by companies, NBFCs, and financial institutions.
• Used to meet working capital requirements.
• Issued at a discount.

6. Certificate of Deposit (CD)
• Issued by Scheduled Commercial Banks and select Financial Institutions.
• A negotiable time deposit with a fixed maturity.
• Used by banks to raise short-term funds.

7. Commercial Bill (Trade Bill)
• Bill of Exchange raised during credit sales.
• Can be discounted with banks before maturity to obtain immediate funds.
• Facilitates trade finance.

8. Repo (Repurchase Agreement)
• A short-term borrowing arrangement where banks sell Government Securities to RBI (or another party) with an agreement to repurchase them later.
• Used by RBI to inject liquidity into the banking system.

9. Reverse Repo
• Banks park surplus funds with RBI and earn interest.
• Used by RBI to absorb excess liquidity.

10. Tri-Party Repo (TREPS)
• A collateralized money market instrument settled through a third-party agent (CCIL).
• Widely used by Mutual Funds, Banks, and Financial Institutions for short-term fund management.

Credit : Interview Library
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PEMTSchedule-2025ContingencyList.pdf
294.6 KB
NIACL AO Reserve List Out
As a mentor, one of the most beautiful feelings is seeing your people achieve what they once dreamed of.

At some point, you're no longer just a part of their journey—you become invested in it. Their failures start feeling like your own, and their success reminds you why you chose this profession in the first place.

Feeling really proud today to see that most of our old members are now well settled in Insurance Organisations and Regulatory Bodies.

Heartiest congratulations, Raghav! I always believed in you❤️

Keep shining. This is just the beginning 🏆
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The union govt approved a draft amendment bill to the Public Examinations (Prevention of Unfair Means) Act, 2024, ; up to 10 years in jail, ₹10 crore fine, and other provisions.

The law mandates that the fast-track courts and investigators must complete their processes and deliver final verdicts within three months.

The amendments explicitly target syndicates and organised networks that systematically procure, distribute, and monetise leaked public question papers.

The amended bill will be introduced in Parliament early next week.
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Viswanathan Anand has taken charge as interim president of FIDE 🔥
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Sarnath becomes India's 45th UNESCO World Heritage Site
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#Interview_Basics

Important Capital Market Related Terms - Part 01

The Capital Market deals with long-term funds (more than 1 year). It enables governments and companies to raise capital for expansion and long-term projects.

1. Equity Share
• Represents ownership in a company.
• Shareholders have voting rights.
• Returns come through dividends (not guaranteed) and capital appreciation.

2. Preference Share
• Carries fixed dividend.
• Dividend is paid before equity shareholders.
• Generally no voting rights.

3. Bond
• A debt instrument through which governments, PSUs, financial institutions, or companies borrow money.
• Investors receive fixed interest (coupon) and principal on maturity.

4. Debenture
• A corporate debt instrument issued mainly by companies.
• May be secured or unsecured.
• Pays fixed interest and is redeemed on maturity.

5. Government Securities (G-Secs)
• Bonds issued by the Government of India.
• Considered virtually risk-free.
• Include Treasury Bills and Dated Government Securities.

6. Initial Public Offering (IPO)
• The first sale of shares by a private company to the public.
• Used to raise capital and get listed on a stock exchange.

7. Follow-on Public Offer (FPO)
• Issue of additional shares by a company that is already listed.

8. Rights Issue
• Existing shareholders are given the right to buy additional shares, usually at a discounted price.

9. Bonus Issue
• Company issues free additional shares to existing shareholders from its reserves.
• No fresh money is raised.

10. Dividend
• A portion of a company's profits distributed to shareholders.
• Declared by the Board and approved by shareholders.

Credit : Interview Library
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History created! 🇮🇳🏆

Anahat Singh became the first Indian to win the World Junior Squash Championship, defeating Egypt's Ruqayya Salem 11-3, 11-7, 11-9 in the women's final. The world No. 20 and top seed bettered her bronze-medal finish from last year to clinch the historic title.
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PM Modi constitutes high powered task force on examination reforms under the leadership of Infosys' founder and Aadhaar architect Nandan Nilekani
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Mirabai Chanu won India's first gold medal at Glasgow 2026, marking her third consecutive CWG gold.

🏅Gold In 2018 Gold Coast
🏅Gold in 2022 Birmingham
🏅Gold in 2026 Glasgow

Legend Completes The Hat-trick! 🫡
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IBPS Clerk Short Notification Out
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Govt has approved RBI's trials of ₹10, ₹20 polymer notes
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Govt Sets up Task Force for Toy Sector.

The government on Monday announced setting up of a task force to identify ways to boost manufacturing and increase share of Indian toy sector to 5 per cent in the global market by 2032.

At present, the share is 1.9 per cent of global trade.
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Important Capital Market Related Terms - Part 02

11. Market Capitalization
• Total market value of a company's outstanding shares.
Formula: Share Price × Number of Outstanding Shares.
• Companies are classified as Large-cap, Mid-cap, and Small-cap.

12. Face Value
• Original value of a share assigned by the company (e.g., ₹10).
• Used for accounting purposes and dividend calculation.

13. Book Value
• Company's net worth per share based on its balance sheet.
• = (Assets − Liabilities) ÷ Number of Shares.

14. Blue-chip Company
• Large, financially strong, and well-established company with a consistent performance record.
• Example: SBI, TCS, Infosys.

15. Bull Market
• A market where prices are generally rising and investor confidence is high.

16. Bear Market
• A market where prices are generally falling and investor sentiment is weak.

17. Capital Gain
• Profit earned from selling a security at a price higher than its purchase price.

18. Securities and Exchange Board of India (SEBI)
• India's capital market regulator.
• Protects investors, regulates intermediaries, and promotes market development.

19. Stock Exchange
• Platform where securities are bought and sold.
• Major exchanges: BSE and NSE.

20. Mutual Fund
• A professionally managed investment vehicle that pools money from investors and invests in equities, bonds, money market instruments, or a mix of these.

Credit : Interview Library
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