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📝 Revision Notes
Key takeaways from today’s quiz to strengthen your preparation
Appointments
Shirish Chandra Murmu – RBI Deputy Governor
Appointed: RBI Deputy Governor. Term: 3 years from 9 October 2025. Succeeds: Rajeshwar Rao (term ends 8 Oct 2025). Key position in India’s central banking leadership.
Business
Shailesh Chandra – Tata Motors MD & CEO
Position: MD & CEO, Tata Motors. Effective: 1 October 2025. Term: 3 years (till 30 Sep 2028). Continues as: MD of TPEM (Tata Passenger Electric Mobility). Context: Tata Motors demerger into CV and PV+EV entities.
Banking
SMBC – Yes Bank’s Largest Shareholder
Investment: ₹2,850 crore. New stake: 24.22% (from 20%). Additional acquisition: 4.22%. Status: Largest shareholder. SBI holds: >10%. Rating: AA- (highest since March 2020) from 4 agencies.
Banking
RBI Deceased Customer Claims – 15 Days
Directive: RBI (Settlement of Claims in respect of Deceased Customers of Banks) Directions, 2025. Settlement time: 15 calendar days. Thresholds: ₹5 lakh (co-op banks), ₹15 lakh (other banks). Implementation: 31 March 2026.
Digital Payments
UPI in Qatar – 8th Country
First merchant: Qatar Duty Free, Hamad International Airport. Partners: NIPL, QNB, NETSTARS. Qatar: 8th country for UPI acceptance. Apps: PhonePe, Google Pay, BHIM. Benefits Indian travelers.
Social Welfare
Mukhyamantri Mahila Rojgar Yojana – Bihar
Launched by: PM Modi (via VC). Amount per beneficiary: ₹10,000. Beneficiaries: 75 lakh women. Total DBT: ₹7,500 crore. Limit: 1 woman per family. Potential support: Up to ₹2 lakh based on enterprise success.
International
SCO Summit 2027 – Pakistan Host
2027 host: Pakistan (Islamabad). 2026 host: Kyrgyzstan (Bishkek). SCO founded: 2001. HQ: Beijing. RATS: Tashkent. Members: 10 (latest: Belarus).
Defence
Defence Procurement Manual 2025
Approved by: Rajnath Singh. Replaces: DPM 2009. Scope: Revenue procurements (spares, ammunition). Key features: Self-reliance/indigenisation, 15% upfront growth provision, limited tendering up to ₹50 lakh for specialised items.
Defence
Exercise Siyom Prahar – Drone Operations
Dates: 8-10 September 2025. Conducted by: Indian Army. Drone roles validated: Surveillance, reconnaissance, target acquisition, precision strikes. NOT included: Medical evacuation.
Sports
11th Asian Aquatics Championship – Ahmedabad
Venue: Veer Savarkar Sports Complex, Narangpura, Ahmedabad. Dates: 28 Sep – 11 Oct 2025. Organizers: Asia Aquatics, Swimming Federation of India, Sports Authority of Gujarat. Events: Swimming, Diving, Artistic Swimming, Water Polo.
🎴 Revision Flashcards
Click each card to flip and test your recall
Tap to Reveal
New RBI Deputy Governor (Oct 2025)?
Shirish Chandra Murmu
3-year term, succeeds Rajeshwar Rao
Tap to Reveal
SMBC stake in Yes Bank after ₹2,850 cr investment?
24.22% (largest shareholder)
Up from 20%, AA- rating
Tap to Reveal
RBI deceased customer claims settlement time?
15 calendar days
₹5L co-op, ₹15L others threshold
Tap to Reveal
Bihar Mahila Rojgar Yojana total DBT?
₹7,500 crore (75 lakh women × ₹10,000)
Launched by PM Modi via VC
Tap to Reveal
SCO Summit 2027 host country?
Pakistan (Islamabad)
2026: Kyrgyzstan (Bishkek)
Tap to Reveal
DPM 2025 replaces which manual?
DPM 2009
Approved by Rajnath Singh
Tap to Reveal
UPI first merchant in Qatar?
Qatar Duty Free, Hamad Airport
Qatar = 8th UPI country
Tap to Reveal
Tata Motors new MD & CEO?
Shailesh Chandra (from 1 Oct 2025)
3-year term, continues as TPEM MD
Think & Discuss
SMBC’s Yes Bank Stake: Can Foreign Investment Revive India’s Troubled Private Banks?
Context from today’s quiz: Sumitomo Mitsui Banking Corporation (SMBC) invested ₹2,850 crore to increase its stake in Yes Bank from 20% to 24.22%, becoming the largest shareholder. Four rating agencies assigned AA- rating—the highest since March 2020, signaling improved financial health after the 2020 crisis that required RBI intervention.
🤔 Your Perspective Matters
Yes Bank’s journey from near-collapse in March 2020 to achieving AA- rating represents a remarkable turnaround. The bank required a consortium rescue led by SBI and faced severe governance failures under previous management. SMBC’s increased stake signals foreign investor confidence, but raises questions about the appropriate role of foreign capital in India’s banking sector, especially given RBI’s cautious approach to foreign bank ownership.
Should India allow higher foreign ownership in private banks to bring capital and best practices, or does this risk losing control over a critical sector of the economy?
Should India allow higher foreign ownership in private banks to bring capital and best practices, or does this risk losing control over a critical sector of the economy?
- What safeguards are needed when foreign banks become largest shareholders in Indian banks?
- Could the Yes Bank model—consortium rescue followed by foreign investment—become a template for future troubled banks?
- How does SMBC’s involvement compare to other foreign bank strategies in India (organic growth vs. acquisitions)?
We’d love to hear your thoughts! Share your perspective in the comments.
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