TLDR;
Alright guys, so this session covers the daily current affairs relevant for RBI, SEBI and other competitive exams. We're gonna look at national and international news, banking and finance, sports, obituaries, and appointments. Key takeaways include RBI's new asset threshold for NBFCs, SBI becoming India's second-largest lender, SEBI launching new IT platforms, and Amul crossing ₹1 lakh crore turnover.
- RBI proposes ₹1 lakh crore asset threshold for NBFCs
- SBI becomes India's second-largest lender by market cap
- SEBI launches three IT platforms for cybersecurity and regulatory oversight
- Amul becomes the first FMCG company to cross ₹1 lakh crore turnover
RBI's New NBFC Rules [2:00]
RBI is changing the rules for Non-Banking Financial Company (NBFC) classification. Now, if an NBFC has a net worth of over ₹1 lakh crore, it will automatically be included in the upper layer. Previously, RBI used a Parametric Scoring Methodology (PSMM), but now they're moving to an asset-size-based method. Also, the top 50 NBFCs based on total exposure will be considered for upper-layer classification. Government-owned NBFCs, like Power Finance Corporation (PFC) and REC, will also be included if they meet the ₹1 lakh crore asset threshold. This new ₹1 lakh crore asset size threshold will be reviewed every five years. Currently, there are 15 NBFCs in the upper layer for 2024-25. The framework used is Scale Based Regulation of NBFCs.
SBI Overtakes ICICI Bank [11:37]
SBI has become India's second-largest lender by market capitalization, overtaking ICICI Bank. This milestone was achieved in early April 2026, and it's the first time SBI has held this position since August 2019. The bank's total market cap has crossed ₹9 lakh crore, driven by strong quarterly earnings and high investor confidence. SBI was founded on July 1, 1955, and its headquarters are in Mumbai, Maharashtra. The current chairman is C. S. Shetty. Market cap is basically the total value of the company.
SEBI Launches IT Platforms [13:57]
SEBI has launched three IT platforms for cyber security and regulatory oversight: SUPCOMMS, E-Adjudication Portal, and Cyber Security Audit Compliance (CSAC). SUPCOMMS is a unified communication platform that replaces traditional email-based interactions. The E-Adjudication Portal digitizes quasi-judicial proceedings, allowing entities to access notices and participate in hearings online. CSAC is an AI-enabled platform that strengthens cyber security by analyzing cyber audit reports. SEBI was established on April 12, 1988, and got statutory status on January 30, 1992. The headquarters are in Mumbai, and the chairman is Tanuka Pandey.
Insurance Surety Bonds as Bank Guarantees [21:47]
Insurance surety bonds are now recognized as an alternative to bank guarantees. Previously, the government would take bank guarantees from companies for contracts, like in coal mining. Now, instead of blocking funds in a bank, contractors can get an insurance surety bond by paying a premium to an insurance company. This move is under the General Financial Rules of 2017. If the contractor fails, the insurance company compensates the loss. This improves the ease of doing business and liquidity for contractors.
Amul's ₹1 Lakh Crore Turnover [26:41]
Amul has become the first FMCG company in India to cross ₹1 lakh crore in turnover. The federation reported a total group turnover of ₹1 lakh crore with around 11% growth. Amul stands for Anand Milk Union Limited. This achievement makes it India's largest FMCG company and shows strong growth in the dairy sector. Saraswat Cooperative Bank also crossed ₹1 lakh crore total business mark in April 2026. Amul was founded in 1946, and its headquarters are in Anand, Gujarat. The parent organization is GCMMF, and the slogan is "The Taste of India."
UPI QR Code Growth [28:27]
According to the Worldline Report, UPI QR codes grew by 15% in India in 2025. The number of UPI QR codes in India has reached 731.38 million. Transaction volumes have grown by 33%.
Anniversary of Champaran Satyagraha [29:05]
The nation marks the 108th anniversary of the Champaran Satyagraha, led by Mahatma Gandhi in 1917 in Bihar. This movement aimed to end the grievances of indigo farmers, specifically the Tinkathia system, where farmers were forced to cultivate indigo on 3/20th of their land. The success of the Champaran Satyagraha led to the abolition of the Tinkathia system and the passage of the Champaran Agrarian Act in 1918. This was Gandhi's first civil disobedience movement in India, and he received the title "Mahatma" from Rabindranath Tagore.
Humanoid Robot Greets Voters [31:38]
A humanoid robot named Neela greeted voters at a polling booth in Puducherry. The robot was deployed at a government school and was dressed in a traditional saree. This initiative aimed to enhance voter experience and engagement using technology.
Indian Tanker Crosses Strait of Hormuz [33:28]
The Indian LPG tanker Jag Viram became the first to cross the Strait of Hormuz after the US-Iran ceasefire. The vessel was carrying around 20,000+ metric tons of LPG cargo.
IUCN Red List Highlights Climate Crisis [34:27]
The IUCN Red List 2026 highlights the climate crisis and lists the Emperor Penguin as endangered. The decline is due to melting ice, krill shortages, and disease outbreaks. Arctic seal species are also facing increasing extinction risk due to global warming. The IUCN was founded on October 5, 1948, and its headquarters are in Gland, Switzerland.
Release of Constitution in Sindhi [35:52]
The Vice President released the Sindhi version of the Constitution in Devanagari and Persian scripts. This is the first time since independence that the Sindhi version in Devanagari script has been released. The aim is to make the Constitution accessible in multiple languages.
Tribute to Mahatma Jyotirao Phule [37:10]
PM Modi paid tribute to Mahatma Jyotirao Phule on his 200th birth anniversary. Phule was a visionary social reformer who worked on equality, justice, and education. He established India's first girls' school in Pune in 1848 with Savitribai Phule.
Appointments and Agreements [38:50]
Sanjay Khanna has been appointed as the Chairman and Managing Director of BPCL, holding the position until May 31, 2029. Meta launched a new AI model called Muse Spack. FIU India signed an MoU with I4C to tackle cyber frauds.
Other News [42:48]
Shaurya Divas is observed on April 9, honoring CRPF bravery. PNB signed an MoU with GEM to offer collateral-free loans. Telangana declared cancer as a notifiable disease. Abu Hashim Khan Choudhary passed away.
