RBI Tightens Governance Norms for Urban Cooperative Bank (UCB)
Background & Concept What are Urban Cooperative Banks (UCBs)? Urban Cooperative Banks are cooperative credit institutions that operate in urban and semi-urban areas, organised on cooperative principles (one member, one vote; service over profit) and…
AU Small Finance Bank Launches Four New Credit Cards
Background & Concept What is AU Small Finance Bank? AU Small Finance Bank (AU SFB) is one of India’s leading Small Finance Banks (SFBs), headquartered in Jaipur, Rajasthan. It was incorporated in 1996 as a Non-Banking Financial Company (NBFC)…
RBI Cancels Licence of Mumbai-based Sarvodaya Co-operative Bank
Source: BS Background & Concept What Happened? The Reserve Bank of India (RBI) has cancelled the banking licence of Sarvodaya Co-operative Bank Limited, a Mumbai-based urban co-operative bank, effective 12 May 2026. The decision was taken because the…
Retail Inflation Climbs to 13-Month High in April 2026
Source: TH Background & Concept What is Retail Inflation (CPI)? Retail inflation in India is measured by the Consumer Price Index (CPI), which tracks the change in the price level of a basket of goods and services consumed by households. It is…
GARUDA Mechanism
Source: BS Background & Concept What is the GARUDA Mechanism? The GARUDA Mechanism is a proposed regulatory framework by SEBI to fast-track the launch of AIF schemes in India. Released through a discussion paper for public comments in May 2026, the…
Bharat Maritime Insurance Pool (BMIP)
Source: PIB Background & Concept What is the Bharat Maritime Insurance Pool (BMIP)? The Bharat Maritime Insurance Pool (BMIP) is a domestic, sovereign-backed maritime insurance pool designed to provide comprehensive insurance coverage to…
Bharat Maritime Insurance Pool (BMIP)
Source: PIB Background & Concept What is the Bharat Maritime Insurance Pool (BMIP)? The Bharat Maritime Insurance Pool (BMIP) is a domestic, sovereign-backed maritime insurance pool designed to provide comprehensive insurance coverage to…
Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026
Context: The Ministry of Finance (MoF) officially notified the Foreign Exchange Management (Non-debt Instruments) (Second Amendment) Rules, 2026 on May 2, 2026. This move formalizes the legislative changes introduced by the Sabka Bima Sabki Raksha…
Past Risk and Return Verification Agency (PaRRVA)
Source: News on Air Context: The operationalization of the Past Risk and Return Verification Agency (PaRRVA) by SEBI is a landmark move to curb “performance puffery” in the Indian financial markets. By creating an independent auditor for…
Urban Co-operative Banks (UCBs)
Source: News on Air Context: The Reserve Bank of India’s (RBI) finalization of lending norms for Urban Co-operative Banks (UCBs) marks a significant regulatory milestone aimed at strengthening the cooperative banking sector. By providing a clear,…