Banking Notes / Banking Awareness / Chapter 16
Chapter 16 of 17

Banking Current Affairs (Last 6–12 Months)

A snapshot of recent banking and financial developments as of mid-2026 — a chapter you should actively refresh close to your exam date.

📖 ~9 min read 🏛️ Banking Awareness

Introduction

Banking Current Affairs is the fastest-changing chapter in this series — unlike historical or formula-based topics, this content has a short shelf life. Treat the developments below (accurate as of mid-2026) as a starting snapshot, and actively refresh it with the latest news in the weeks before your exam.

Recent Developments (2025–2026 Snapshot)

DevelopmentDetail
One State, One RRB26 RRBs merged into 12 entities across 11 states + 1 UT, effective May 1, 2025; total RRBs reduced from 43 to 28
RBI Monetary PolicyRepo rate at 5.25% (unchanged since February 2026 MPC, after a 25 bps cut in December 2025); policy stance: Neutral
Union Budget 2026-27Presented February 1, 2026 by FM Nirmala Sitharaman (her 9th consecutive Budget); "Yuva Shakti" theme; fiscal deficit target ~4.3% of GDP
IRDAI LeadershipAjay Seth (former Finance Secretary) appointed IRDAI Chairman in 2025, succeeding Debasish Panda
SEBI LeadershipTuhin Kanta Pandey serving as SEBI Chairman, succeeding Madhabi Puri Buch
RBI GovernorSanjay Malhotra continues as RBI Governor, announcing bi-monthly monetary policy reviews through 2026
New Income Tax ActApplicable from April 2026, aimed at simplifying compliance and easing return timelines

How to Keep This Chapter Updated

  • Follow RBI's official press releases for each bi-monthly MPC outcome (repo rate, CRR, policy stance).
  • Track appointments/reappointments at RBI, SEBI, IRDAI, NABARD, and major public sector banks.
  • Note any newly launched government financial inclusion or credit schemes.
  • Watch for further phases of bank/RRB consolidation or listing announcements.
⚠️ Key Insight: Current affairs questions typically test the most recent 6-12 months relative to your actual exam date — this chapter's contents will age, so cross-check each fact against a current source (RBI website, PIB) shortly before your exam rather than relying solely on this snapshot.
✅ Practice Focus: Building a monthly current affairs revision habit · Verifying repo rate and key appointments close to exam date · Tracking new scheme launches and bank merger/listing news.

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