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📝 Revision Notes
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Banking
SBI MD Position – Policy Change
Appointments Committee of Cabinet opened one of SBI’s 4 MD posts to private sector professionals and staff from other public financial institutions. Marks shift from PSB-only internal appointments.
Banking
SBI Women Workforce Target
Target: Raise women’s representation from 27% to 30% within 5 years. Supported by ‘Empower Her’ mentorship programme and health initiatives.
Digital Finance
RBI Tokenisation Framework
Only Token Service Provider can store actual card data. Token requestor cannot store PAN or sensitive details. Enhances transaction security in device-based payments.
Governance
UIDAI Mascot Design Contest
Open on MyGov until 31 October 2025. Seeking visual ambassador for Aadhaar. Entries must include concept note aligned to Aadhaar’s values.
Women Empowerment
‘We Rise’ Initiative
NITI Aayog WEP + DP World collaboration. Supports 100 women-led MSMEs to become export-ready. Offers mentorship on compliance, logistics, branding. Showcase at Bharat Mart, Dubai (Jebel Ali).
Technology
CEIR Portal – Mobile Recovery
Telangana leads with 1 lakh+ devices recovered (as of Oct 16, 2025). CEIR blocks reported IMEI across networks. Aids law-enforcement tracing of stolen phones.
International
Uruguay – First LatAm Euthanasia Law
Senate passed 20–11 on 15 October 2025. First Latin American country to legalise euthanasia through legislation. Paves way for protocols, safeguards, oversight.
International Trade
India-Brazil Trade Target
New target: $20 billion by 2030 (up from $12B in 2024). Expanding MERCOSUR-India PTA beyond current 450 tariff-lines toward fuller agreement.
Business
Assocham New President
Nirmal Kumar Minda (Executive Chairman, Uno Minda Group) took charge on 17 October 2025. Amitabh Chaudhry named Senior Vice-President (subject to RBI approval).
Important Days
World Osteoporosis Day 2025
Observed on 20 October. Theme: “It’s Unacceptable!”. Led by International Osteoporosis Foundation since 1997. Focus: prevention, diagnosis, treatment awareness.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
What is SBI’s target for women workforce?
30% (from 27%) in 5 years
‘Empower Her’ mentorship programme
Tap to Reveal
Who can store actual card data in tokenisation?
Token Service Provider only
Token requestor cannot store PAN
Tap to Reveal
How many women-led MSMEs will ‘We Rise’ support?
100
NITI Aayog WEP + DP World; Bharat Mart Dubai
Tap to Reveal
Which state leads mobile recovery via CEIR portal?
Telangana
1 lakh+ devices recovered
Tap to Reveal
Which country is first in LatAm to legalise euthanasia?
Uruguay
Senate passed 20-11 on Oct 15, 2025
Tap to Reveal
What is India-Brazil 2030 trade target?
$20 billion
Up from $12B in 2024; MERCOSUR PTA expansion
Tap to Reveal
Who is the new Assocham President (Oct 2025)?
Nirmal Kumar Minda
Executive Chairman, Uno Minda Group
Tap to Reveal
What is the theme of World Osteoporosis Day 2025?
“It’s Unacceptable!”
October 20; IOF initiative since 1997
Think & Discuss
Opening Up Public Sector Banks: Private Sector Talent at SBI
Context from today’s quiz: The Appointments Committee of the Cabinet has opened one of SBI’s four Managing Director positions to private sector professionals and employees of other public financial institutions. This marks a significant departure from the traditional practice of appointing only serving PSB officers to top management roles.
🤔 Your Perspective Matters
This policy change reflects a broader debate about modernizing public sector banks. Proponents argue that private sector talent brings innovation, risk management expertise, and a customer-centric approach. Critics worry about cultural clashes, concerns over job security for internal candidates, and whether profit-driven executives will maintain PSBs’ social banking mandate.
Should more top positions in public sector banks be opened to private sector professionals, or does this risk undermining the unique character and social mission of PSBs?
Should more top positions in public sector banks be opened to private sector professionals, or does this risk undermining the unique character and social mission of PSBs?
- Can private sector executives effectively balance commercial objectives with priority sector lending and financial inclusion mandates?
- How might this change affect the career motivation of long-serving PSB officers who traditionally aspired to MD/CMD positions?
- Should there be a cap on how many top positions can be filled by external candidates to maintain institutional continuity?
We’d love to hear your thoughts! Share your perspective in the comments.
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