Finance Current Affairs | May 2026 | RBI Grade B | PFRDA | SIDBI | SEBI | IRDAI

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[00:00:00]Hey everyone, welcome to the compilation session on the finance current affairs May 2026. So let's get the discuss discussion started guys. This is going to be your compilation session. We'll be discussing all the MCQs in just one short video. At the same time I will be telling you the major highlights as well. So guys join the oliveboard telegram channel. Please do download the application as well. And in case if you are looking for a finance specific telegram channel then you can join my group as well. CA Pratik.

[00:00:28]If you type CA Pratik Finance on Telegram, you will get access to my group, right? I frequently share finance related content. Even if you are preparing for regulatory body or even if you are curious learning about finance in a simplified way, you can join this channel. Okay guys, so the very first question for today and one request for all of you guys um along with the questions while while reading the questions you can drop me the correct answer in the comment section and I will be covering the key highlights as well of the particular news. So India has been attempting to formalize the gold ecosystem. For that recently an institution has operationalized the electronic gold receipts in India.

[00:01:10]Right? So which is the institution guys which has operationalized the gold receipts electronic gold receipts in India. We all know that it is none other than the national stock exchange right?

[00:01:22]None other than the national stock exchange. So NSE has launched the gold receipts in India. EGR.

[00:01:29]Now this is as good as a physical gold.

[00:01:31]Why? Because it is a digital version of the physical gold. Ultimately the gold has physically been stored in the vaults in the safety walls and in case if you want physical delivery as well it is possible which is not in the case with ETF. Right.

[00:01:46]Next one. RBI periodically releases a report explaining the movement in the foreign reserves right forex reserves reserve adequacy and reserve composition as well. So which department of the Reserve Bank of India is releasing half yearly report on management of foreign exchange reserve? It's a particular department of RBI which is releasing this report. So which is the department guys?

[00:02:15]We all know that the name of the department is the department of external investments and operations. Right? So let's do some questions specific to this particular report. Which among the following is not a component of the India's forex reserve. Now whenever we talk about the India's forex reserves there are certain assets falling in the India's forex reserve. So which is the one foreign currency assets gold SDR reserve transportion all of the above right all of the above are the components of the India's forex reserve but it is a negative question you don't have you have to identify which component is not the forex reserve on India now all the components are forex reserves only so none of the above becomes the correct choice here okay next one a what is the data of the forex reserve decline based on this particular report which is ending on March 2026. What is the data?

[00:03:16]What's the data guys?

[00:03:27]The data related to this particular report, the forex reserves are actually declined and the correct answer here is $691.11 billion. Okay, $691.11 billion is the current position based on the March 2026 closing data. Right? Out of all the components, we do have so many components in the forex reserve. Which component is having the largest share?

[00:03:50]Largest share largest share. We all know that it is none other than the foreign currency asset, right? Gold is not the correct answer. Foreign currency asset is the largest share that we have in the reserves. The next one, India's foreign exchange reserve are influenced by multiple factors during the reporting period despite of pressure arising from the deficit and global uncertaintities.

[00:04:14]Now deficit was there but still one particular factor has contributed has supported the increase of the reserve during the period despite of having that deficit still the reserves are in the positive territory. So can you guys tell me which is the particular reason that has primarily supported the reserves for this particular period?

[00:04:36]Any idea guys about this one?

[00:04:49]You all know that it is because of the valuation impact revaluation impact on the reserve assets which has created this difference right so it used to be a it is a negative 30.8 balance and because of the valuation change that you can see here 50.2 two the figure is positive right so because of the valuation change this difference is there next one import cover is considered as an important indicator why because it shows the resilience it measures the number of months a country can continue import continue to import without adding any fresh foreign currency inflow so as of December 2025 the India's import covers stood that how many months important for your exam okay this is important The correct answer is guys. Option A. 10.8 months is the correct answer.

[00:05:46]Right? 10.8 months. Next one. Which of the following statement is not correct?

[00:05:50]Statement number one. The total short-term debt to reserve ratio has increased from 19.7 to 21.9. Volatility capital reserves rose from 66.1 to 69.1%.

[00:06:04]the share of reserves has increased to 16.7% from the earlier one 13.92%.

[00:06:12]So guys here a completely databased question. None of the above is correct answer. Why? Because all are correct.

[00:06:20]All the three statements are correct.

[00:06:21]Right. Next one. Can you guys tell me the total gold holdings in terms of quantity that the RBI is holding? As per this report? RBI is holding how much quantity of gold?

[00:06:34]as per this report.

[00:06:43]So guys, RBI is holding 880.52 metric ton of gold as per this particular report and this is also important guys for your examination particularly for the IFCL examination.

[00:06:56]RBI has permitted to deploy a small part of the forex reserve in the developmental finance linked investment connected to India's infrastructure financing ecosystem. One such arrangement involves investment in bonds issued by the IFC UK based entity right it is a subsidiary of IFCL. So RB has mandated to invest up to what amount in such kind of bonds. Important for your exam. This is important for your exam for sure.

[00:07:30]So let me know the correct answer guys quickly in the comment section.

[00:07:46]What should be the correct choice here?

[00:07:47]The correct choice here is option D. $5 billion US is what RBI has mandated to invest in the bonds of this particular company. Next one.

[00:08:00]RBI act 1934 provides a broad legal framework governing the deployment of the foreign exchange reserves across different asset categories and the counterparties as well. So RBI can invest reserves in several instruments while maintaining safety and liquidity.

[00:08:15]Which of the following categories are permitted under the framework? Deposits with central bank and bank for international settlement.

[00:08:25]Deposits with commercial bank debt instruments representing sovereign or sovereign guarantee liability with residual maturity for the debt paper not exceeding 10 years. So tenure should not exceed 10 years. Okay. Other instruments or institutions as approved by the central board of the Reserve Bank of India and dealing in certain types of derivatives. So which of the following are permitted under the framework? Which of the following instruments are permitted under the framework? What do you think should be the correct answer here?

[00:09:18]The correct answer here will be guys option E. All of the above are correct. Right?

[00:09:24]All of the instruments are authorized.

[00:09:26]Right? All the categories are permitted.

[00:09:28]Right? So this report was released by the department of external investment and operations important for your exam.

[00:09:34]And I have covered each and everything in this one page summary as well. So uh you can join this particular telegram group. You will find the details of this particular summary on my telegram ID.

[00:09:45]Okay. CA Pratik Finance just type CA Pratik Finance on Telegram. You will get this image in a clear form. Okay.

[00:09:56]So, uh these type of short notes will definitely help you to summarize each and everything you know to learn the report in a crisper manner guys. Next one. In order to improve insurance penetration and attract the global capital and deepen the financial sector, the government liberalized the foreign investment norms under the FEMA rules.

[00:10:15]Under the automatic route, the foreign investment in the insurance sector is now permitted up to what percentage? Up to what percentage it is now permitted?

[00:10:26]So we all know that earlier it used to be 74% and now it is 100%. Next one.

[00:10:33]This foreign investment capping in life insurance corporation one of the domestic systemic systemically important insurer in India DSI remains capped at what percentage so as per this particular news the capping here will be will be there at 20%. It will remain at 20%. Right? For the LIC the investment capping will be 20%, you can't invest more than 20% in LIC and at the same time 100% FDI insurance is allowed under the automatic route.

[00:11:06]Right? So this particular news we have covered and both the questions are important for your examination.

[00:11:11]Okay guys, next one. RB has introduced a deregulatory framework to exempt certain low-risk NBFCs from mandatory registration requirement. However, exemption is available only when all the prescribed conditions are fulfilled relating to funding profile, relating to customer interface and the balance sheet size as well. Under this particular framework, the exemption is available only if the NBFC size, asset size is less than what amount. Important for your exam.

[00:11:43]This is important guys. Okay.

[00:11:51]So what should be the correct answer here?

[00:11:55]An easy question. A straight one.

[00:12:26]the correct answer here will be guys option D 1,000 cr is the correct answer okay 1,000 cr is the correct answer so this is regarding the small NBFCs and the existing NBFCs who are satisfying this particular exemption criteria can definitely apply for the dregistration.

[00:12:48]Right. Next one. The government recently revised the import duties on the precious metal at a time when concerns regarding the current account deficit, rupee stability and forex reserve were increasing due to geopolitical tensions.

[00:13:02]The increase in the global uncertaintities.

[00:13:05]The move was aimed at discouraging the non-essential imports and reducing the pressure on the external balance. In this context, the import tariff on the gold and silver were increased to what percentage.

[00:13:19]So the tariff has been increased to 15%, right? Earlier it used to be 6%, now it is 15%. Now it is 15%. Next one.

[00:13:32]Alternate investment funds often require quick deployment of capital in time sensitive investment opportunities to reduce these kind of delays in launching the eligible SIF scheme right alternate investment fund scheme. Sebi proposed a new green channel mechanism new green channel mechanism allowing faster rollout after filing documents through the merchant banker. So the moment AF has filed documents through the merchant banker to the SEB for approval soon the approval will be there. What is the name of this proposed framework?

[00:14:13]The name of this proposed framework is option B goda. Okay.

[00:14:18]Green channel AF rollout upon document acknowledgement. This is the full form.

[00:14:22]Green channel AF rollout upon document acknowledgement. Next one. So the moment we have filed the placement memorandum with SEBI within how many days we can launch the scheme related to the new AIF? Within how many days we can launch the scheme if you have filed the information memorandum with SEBI.

[00:14:44]So what is the correct answer guys here?

[00:14:51]The correct answer here will be guys within 10 working days. Okay, within 10 working days. So please do remember earlier it used to be after 30 working days because of so many procedural issues. Now it will be only 10 working days. The name of the mechanism is Gurud. Okay. Green channel AF roll out upon document acknowledgement is the full form. Next one. cyber security related initiative that SEB has constituted a special task force for strengthening the cyber security related alliance. So the name is cyber suraka.aii. Option D.

[00:15:26]CyberSuraksha.I is the correct answer here. Right. Next one. Central banks across the world increasing for increasing their corporation corporation to deal with global financial interconnectedness.

[00:15:39]exchange the rate volatility and financial stability risk as well. Now RB has also signed memorandum of understanding why to deepen the central banking corporation with which institution. Now this is for the deepening the central banking corporation sharing data so that we can increase the cooperation.

[00:16:00]So RBI has signed with the European Central Bank option C right European Central Bank option C. Next one. India's digital payment ecosystem has witnessed a massive expansion over the last decade with UPI emerging as a dominant retail payment platform in the country. In FY 2026, UPI accounted for approximately what share of India's digital payments?

[00:16:31]What share of India's digital payments?

[00:16:43]The correct answer is 85%. Okay, 85%.

[00:16:47]Next one. A what about in terms of volume?

[00:16:55]What about the global real-time payment transaction in terms of volume? So globally in terms of the real-time payment transaction in volume 49% is the correct answer. 49% is the correct answer. To strengthen international cooperation against crossber tax evasion, India has created its framework for exchange of tax information with other foreign jurisdictions also. So now we will be sharing the data with other foreign countries as well. The revised framework aims to improve speed, coordination, monitoring of information sharing request. The new framework becomes effective from which date? The new framework becomes effective from which date now?

[00:17:48]Aa here the correct answer is going to be option D. From 1st July 2026 we are going to apply this framework. Right?

[00:17:56]From 1st July 2026. Next one. SEBI permits the use of certain market related data price data for educational and for research purpose subject to a specified time lag. So that delayed information does not affect the realtime commercial usage. Under the framework, usage of price data for educational purpose is permitted with a time lag of how many days? With a time lag of how many days? Any idea about this one, guys?

[00:18:27]With a time lag of how many days?

[00:18:34]Now it's there with a time lag of 30 days. It is allowed with a time lag of 30 days. Okay. India recently imposed certain restrictions on the sugar exports. Concerning about the lower domestic provision uh production, right?

[00:18:49]Because of the lower domestic production, India has recently imposed certain restrictions on the sugar import sugar export sorry. So the government has banned the export of raw white and refined sugar till what date? What is the time limit?

[00:19:12]The time limit is option E 30th September 2026. Okay. The ban is effective till 30th September 2026. Next one. What is the current countercyclical capital buffer that we have as of now?

[00:19:26]So we have CCB which is at how much percent and we we do have the CCB Y as well. CC YB as well right triple C as well triple CB as well sorry.

[00:19:41]So the counter cyclical capital buffer as of now is at 0%. Okay. It can be in the range of 0% to 2.5%.

[00:19:53]previous one used to be at 2.5%. Now this particular buffer is activated in the stress scenario only and as of now RB has not activated it. In the previous year also RBI has not activated this one. Right? Counter cyical capital buffer is at 0%. The range is 0% to 2.5%.

[00:20:13]Right?

[00:20:16]Next one. The infrastructure investment trust invit may sometimes operate with a relatively high leverage level. To ensure the excessive borrowing does not create undue financial risk, the SEBI has prescribed certain specific end use of the borrowing.

[00:20:34]In such situation, the additional borrowing must be permitted only for select purpose. Which of the following is not qualifying as a permitted use of fresh borrowing for the prescribed threshold?

[00:21:11]The correct answer here will be guys option B revenue expenditure. Okay, revenue expenditure is the correct choice. Right.

[00:21:22]Next one. Crossber remittance play an important role in supporting the education, healthcare, investments and family maintenance abroad. RBI recently revised the framework governing participation of the non-bank entities in outward remmitance services. Under the revised framework, which of the following correctly reflects the regulatory position?

[00:22:04]The correct answer here will be option C. Eligible non-bank entities may directly tie up with the AD category 1 bank without the prior approval of Reserve Bank of India. This is the correct answer. Right.

[00:22:17]Next one is guys, India's international financial service center continues to attract the global financial institution seeking access to regional and the international markets. Recently a foreign bank became the first institution from its home country to establish a branch presence in the if uh in the gift city in the gift if you need to tell me the name of the bank now. It was a Taiwanese bank, right? It was a Taiwanese bank. The correct answer here is CTBC bank. CTBC bank becomes the first Taiwanese bank to open a branch at the gift city. Right. The integration of the physical and digital banking infrastructure is increasingly becoming a focus area for the financial institutions for the financial inclusion. Sorry. A recent inaug recently inaugurated banking branch combines AI enabled self service system with the traditional banking access as well. This bank this branch was inaugurated in which city?

[00:23:22]This branch was inaugurated in which city guys? What do you think is the correct choice here?

[00:23:33]This branch was inaug in inaugurated in the option D goati right option D is the correct choice here. This was a first fidgetital branch. Next one credential regulations often involve often evolve as banking risk management framework become more sophisticated. RBI recently withdrew a reserve requirement for the bank that already maintains market related risk capital under the revised investment portfolio framework which a reserve requirement was recently withdrawn.

[00:24:36]Guys, the correct answer here is option B, investment fluctuation reserve, right? Option B, investment fluctuation reserve. Next one, the regulatory simplification measure often include rationalization of overlapping credential requirements following the withdrawal of a particular reserve requirement. RBI has clarified that the balance which is already there in this investment fluctuation reserve will primarily be treated as which of the following? So how you guys are going to treat the balance which is there in the investment fluctuation reserve?

[00:25:07]Any idea?

[00:25:11]It will be treated as general reserve right it we will transfer it to below the line item of statuto reserve general reserve and balance of P&L and so now onwards we can include it as a part of our C1 capital. Why? Because general reserve being a free reserve is included in the C1 capital. Right? So this one will also be included in the CT1 capital because as of now there is no such use of this particular reserve. Right guys? So this is important for your examination. And the next one is long-term infrastructure financing institution often raise funds through bond issuance to support the development projects despite volatility market conditions. In the market conditions of major DFI has recently raised funds through 10year bond issue.

[00:26:01]What was the amount raised by NAPFID?

[00:26:04]What's the amount which is raised by Napidir?

[00:26:32]The amount raised by Napford here is guys option E 4,000 cr. Okay, 4,000 cr is the amount. Investor protection funds are maintained by the market infrastructure institution to safeguard investors interest and support the awareness initiative. Sebi has proposed allowing the deposiitories to utilize a limited portion of investments generating income from these funds and such utilization has been proposed primarily for meeting what kind of expenses? For meeting what kind of expenses guys?

[00:27:09]Option A, settlement, guarantee, obligation, trust expense, market development expenditure, broker compensation, payment, technology, infrastructure expenditure.

[00:27:21]Which is the correct one?

[00:27:28]The correct answer here is guys option B, trust expense. So this particular expense can be used for the trust expense purpose. Right. Next one. While proposing operational flexibilities for the depositories. Sebi has maintained protection of the principal corpus of the investor protection fund. Under the proposal what minimum proportion of the annual interest or income earned on the IPF investments may be utilized for the permitted expenditure. So we have permitted it up to 5%. So we know that for the stock exchanges it was already allowed for the trust expense. Now for the depositories as well up to 5% it is allowed. Okay. Next one. Investor awareness initiative often require collaboration between the government agencies and the public communication platform to expand the financial literacy and awareness regarding the unclaimed dividend and shares. EPFA has signed an memorandum of understanding. A memorandum of understanding with which entity? With which entity?

[00:28:37]With which entity they have signed the MOU?

[00:29:01]The correct answer here will be guys option D. Prasar Bharti. Okay. Prasar Bharti. Next one. GST seeks uniformity of tax treatment across India to address to address the conflicting advanced ruling issued by different states. The government has empowered a specific authority to function as a national appellet authority for the advanced ruling. Which authority has been empowered now? Which authority has been empowered now to function as a national appellet authority for the advanced ruling guys. The correct answer here will be option C. Principal bench of GST. Okay, GST8 principal bench. Next one. The municipal bonds are increasingly viewed as an important source of urban infrastructure financing. In recent consultation paper, SEBI proposed allowing a limited portion of bond proceeds to be used for the project linked working capital requirement. What is the new proposed limit?

[00:30:20]Municipal bonds are increasingly viewed as an important source of urban infrastructure financing. In recent consultation paper, Sebi has proposed allowing limited portion of bond proceeds to be used for project linked working capital requirement. What is the proposed limit in the case of municipal bonds?

[00:30:47]The proposed limit guys in case of the municipal bond is option D 25%. Okay, 25% is the correct choice here. Next one. Smaller municipalities often face challenges in the independently assessing the capital markets to improve fundraising capability. The SEBI has proposed a revised pool financing framework. Under this framework, the municipalities may raise the funds through through the jointly pulled finance vehicle or the SPVS as well. Right? So now municipalities can on a collaborative basis form a SPV and that SPV can raise the funds for both the municipalities in a single issue. So that is the new change that we have studied in this particular news. Right?

[00:31:37]The government of India recently introduced import restrictions on precious metal products category after observing a sharp increase in the value of the sorry in the volume of the import and the foreign exchange outflow. The restrictions primarily relate to what?

[00:31:55]The restrictions primarily relate to what?

[00:32:02]Here the correct answer will be guys option D. It's on silver. It's on silver.

[00:32:16]Right. Next one. The government sometimes impose special levies when companies earn unusually high profit. I hope you are able to guess the term. Due to the external market developments.

[00:32:29]Recently the government has imposed a levy of 3 rupee per liter on petrol export. This levy is known as what? We all know that it is windfall tax, right?

[00:32:37]It is windfall taxation. The advanced authorization scheme allows duty-free import for export production to strengthen and and monitor and prevent the misuse. The government recently imposed a quantitative ceiling on the gold import under this particular scheme. What is the maximum permissible quantity per authorization?

[00:33:09]The correct answer here will be option C 100 kilogram. Okay, 100 kilogram here is the limit which is stated. Right. Next one. Compliance requirements under the advanced authorization scheme has been tightened through additional verification and monitoring measure. For obtaining a subsequent authorization, an applicant must first fulfill at least what proportion of the previous export obligation. So you must first fulfill the previous export obligation of at least 50% then only you are eligible for the next one. Right?

[00:33:43]Weather conditions are significantly changing and for that only India has witnessed the launch of its first exchange traded weather derivative contract.

[00:33:54]The contract is based on what? The contract is based on what? So we have covered this news as well.

[00:34:02]This was a very interesting news important for your examination guys.

[00:34:06]This is the first time we are having a weather based derivative contract and it is based on Mumbai rainfall. Okay, it is based on Mumbai rainfall. So NCDEX has launched India's first weather derivative contract. Rain Mumbai is the name of the product, right?

[00:34:25]Financial institutions are increasingly link linking their financial financing terms with sustainability outcomes as well to encourage the environmentally sustainable practices. A recent initiative in the automo sector seeks to reward dealers adopting sustainable operations through the favorable financing condition. Which institution has partnered with Mahindra and Mahindra for this particular program?

[00:34:52]For this particular program, which institution has partnered with Mahindra and Mahindra?

[00:35:02]The correct answer here is option D, DBS bank, right? DBS bank is the correct choice. This institution has partnered with Mahindra and Mahindra for the sustainability linked financing initiative. Aa this is important for your exam for sure. Strong capital market requires not only effective regulations but also the robust governance framework. Professional capacity building and sustainability focused practices are also there to promote these objectives. Three institutions recently entered into a strategic collaboration. Which of the following correctly identifies the entity that are involved in this particular collaboration?

[00:36:04]The correct answer here will be guys option B SEBI NISM and IICA. Right? This is the correct choice. So we have read this particular news as well. Important for your exam. The whole purpose is to strengthen the capital market, bring corporate governance and strengthen the ESG norms as well. Next one. The prepaid payment ecosystem continues to expand as fintech firms receive the regulatory approvals to offer innovative payment solution. One such company recently received the RBI authorization allowing it to issue prepaid payment instruments such as wallet and the prepaid card as well. You need to identify here the name of that company. You need to identify here the name of that particular company.

[00:37:03]So guys, the name of that particular company here is option E, Zigzok Technologies, right? Zigzok Technologies.

[00:37:11]Recently, RBI has distributed its highest ever surplus to the central government for the financial year 2026.

[00:37:17]So just like any other company RBI is also distributing dividends to the owner which is the government of India. So can you tell me what is the amount which was approved?

[00:37:28]The amount which was approved guys the amount which was approved is option D 286,588.46 cr. Okay, this is the correct choice. Aa at what meeting of the RBI central board which was the meeting at which the decision related to this particular record surplus was taken.

[00:38:15]The correct answer here is option E.

[00:38:18]Right? Option E is the correct answer.

[00:38:21]623rd. 623rd meeting of the RBS central board. Next one. Central banks maintain financial buffer to safeguard their independence and resilience during the period of economic stress. The framework governing the distribution of the RBS circular while preserving the adequate risk buffers was recommended by which committee and it was headed by whom? It was headed by whom?

[00:39:34]Guys, the correct answer here will be option A. Mr. Beiml Jalan. Okay, Mr. Beimal Jalan is the correct answer here.

[00:39:40]Next one. Can you tell me the revised range for the contingency risk buffer? So one buffer we have to maintain contingency risk buffer. Last year only this limit was changed. So can you guys tell me the revised limit for this particular buffer?

[00:40:32]The correct answer is option D. Option D is the correct choice. Right?

[00:40:43]Option D is the correct choice. 4.5% to 7.5% is the revised range that we have now. Aa what is the contingency risk buffer that we have maintained in the financial year 2026?

[00:40:59]the contingency risk buffer that we have maintained in the financial year 2026 the correct answer is 6.5% earlier the previous year it used to be 7.5% now it is only 6.5% okay a what was the uh what was the balance sheet size uh in terms of sorry what was the growth rate in terms of the balance sheet size this time in financial year 2026. So how much was the growth rate as compared to the FI 2025 this year in FI26 what is the growth rate The growth rate was now it's a part of annual report as well guys 20.61% right 20.61% 61% and what was the increase what was the growth in the gross income for FY 2026 The correct answer here is option B.

[00:42:50]26.42%.

[00:42:52]Right? 26.42%.

[00:42:54]The economic capital framework seeks to strike a balance between transfer to government and retention of resources for the future uncertaintity. During FI 2026, RB has transferred what amount to the contingency risk buffer? What amount we have transferred to the contingency risk buffer this time?

[00:43:20]So guys, this time we have transferred an amount of 1 lak 9,379.64 64 cr right 6.5% we have maintained and this is the news from the 623rd meeting of the central bank of the the central board of the reserve bank of India right all the data I have given in pointer summary the multilateral development institution often established special financing facilities during the period of global uncertaintity to support the member countries facing disruptions arising from middle east conflict IIB recently launched a dedicated facility Can you tell me the size of this particular facility?

[00:44:02]What will be the size of this particular facility?

[00:44:10]The size of this particular facility is option E10 billion US. Right? 10 billion US. Next one. Governance reform important for your exam in the cooperative banking sector are aimed at preventing concentration of par and improving board independence. Right? The RBI recently prescribed a mandatory cooling off period after a director completes 10 continuous years of service on the board of the same cooperative bank. Can you tell me what is the cooling off period which is described here? Cooling off period which is prescribed here.

[00:45:15]The correct answer here is option C. 3 years is the cooling off period. Right?

[00:45:19]Three years is the cooling off period.

[00:45:20]Next one. Consider the following situation. Mr. A has served as a director of XYZ cooperative from 2014 to 2022. Then he took a break of 1 year and rejoined the same bank. Guys, this break will not be considered as a cooling off period. We have already discussed it, right? The one-ear break will still be counted as a continuous tenure only. We don't care about it until and unless it is a three-year break. It should be a three-year break only. Then only we are going to count it as a cooling off period. Right?

[00:45:54]The basel norms reset the basel as three pillars right on the three pillars aimed at ensuring sound risk management and transparency in the banking system. So recently certain changes were proposed in the disclosure requirement of which pillar?

[00:46:13]Pillar number three. Right. Pillar number three. Regional rural banks play a crucial role in promoting rural credit and financial inclusion as well to improve their financial sustainability and governance standards.

[00:46:29]A revised framework known as viability plan 2.0 has been approved. Which authority has approved this particular framework? Which authority has approved this particular framework?

[00:46:43]So the department of financial services has approved this viability framework 2.2. Right?

[00:46:52]I hope this is fine. Now next one guys the structured monitoring framework are often introduced to improve the institutional performance over the medium-term horizon viability 2.0 for the RRBs will remain operational during which period so it is going to be operational from FY26 to FY 2028 option D is the correct choice a in viability 2.0 How many performance parameters are there? This is important. How many performance parameters we do have in this particular viability 2.0.

[00:47:49]The correct answer here is guys option D 30. Okay, 30 parameters are there. The revised framework for the regional rural bank is structured around four major pillars intended to improve the long-term sustainability. Which of the following is not one of these pillars?

[00:48:05]Which of the following is not one of these pillars? So guys, the market capitalization is not at all from these pillars. Right? The four pillars that we have is operational excellence, asset quality, profitability and growth.

[00:48:19]Right?

[00:48:21]The global equity market ranking has changed significantly. Recently, one economy has overtaken India to become the world's fifth largest stock market.

[00:48:34]The economy name was Taiwan. Right? The economy name was Taiwan. And today one more economy has overtaken India in terms of the largest sixth largest stock market. So now India's position will be on seventh not on sixth. You need to tell me in the comment section what is the name of the economy. Okay this is important full form of Qsafe guys. What is the full form of Q safe? The full form of Qsafe is quantum secure and adaptive financial ecosystem. Option B is the correct choice here. Right? Then how many within how many months this committee is going to report once it's done with the first meeting? Once it's done with the first meeting, the reporting timeline will be within 6 months. Within 6 months very very important for your exam guys. Okay?

[00:49:26]Do remember here eight members are there in the committee. You can check out the names and the roles as well plus the full form of this committee. Next one, clean energy sector increasingly requires skilled manpower to support a large scale renewable project. Now in Bhutan, such a kind of framework is already there supported by an Indian organization for expanding their clean energy capacity and strengthening the workforce readiness as well. Which Indian company has signed a memorandum of understanding with DR Green Power Corporation for this particular purpose?

[00:50:10]The name of the organization is Tatapar.

[00:50:13]Okay, Tatapar.

[00:50:16]Right guys, and this is again related to quantum computing only. So not so important for the exam. But in this particular release, press release two features of quantum mechanism were given superposition and the entanglement. So that's why I have made a question on these two features. Okay.

[00:50:39]Now guys, there were certain amendments in the insolveny bankruptcy code. So this is a additional part. This is not related to your May month. Okay. So I'm just telling you in a crisp manner whatever the amendments were there in the IBC. Right? So IBC insolveny and bankruptcy code here we don't want to kill a company. By killing I mean that let's suppose I have given a loan to a company ABC limited. I have given a loan to ABC limited. Now ABC limited is not able to repay the money back. What I will do? I will file a legal suit or I will try to acquire the security. Let's liquidate this company. Give me my money back. Right? That means killing the company. But in IBC first we try to revive the company. First we try to revive the company by appointing a resolution professional. Now guys, you will be able to understand this news only once you are done with the basics of IBC. I have already taught the basics of IBC to you guys in my static portion in the regular classes of the paid course. Right? Let's quickly understand some of the major amendments from this particular bill 2025. The whole idea is to reduce the procedural delay. The whole idea is to strengthen the creditors right and align the India's insolveny framework with that of the global practices. Right.

[00:51:58]So guys the major amendment here is creditor initiated insolveny resolution professional. The bill says that the financial creditor if you have financed the company if you have given money to the company you are a financial creditor. If you have supplied goods and services you are operational creditor right? If you are a financial creditor you have given money to this company as a loan and you are holding at least 51% of the debt. Now you can initiate a insolveny proceeding outside the court as well. You don't have to approach the tribunal the NCT you can start the proceeding outside the court as well. That is also fine. And this particular outof court settlement will be compressed within a 150day time limit within a 150day time limit which is extendable up to 45 days which is extendable up to 45 days. Okay.

[00:52:49]So this is a outofc court settlement basically and initiated only by financial creditor not by the operational citor strict timelines for the insolveny resolution is now there.

[00:53:00]The insolveny application must be admitted within 14 days once the default is established. So let's suppose today the default is established. Now I have submitted the application. Now the tribunal has to submit has to has to admit the application within 14 days.

[00:53:16]within 14 days once the default has established. So a new timeline has been introduced a strict timeline has been introduced of 14 days right now once I have filed for the let's suppose the bill allows withdrawal of the insolveny application once insolveny application has been filed can we withdraw it yes we can withdraw it but for that we need approval of 90% of the committee of creditors we need 90% approval of the committee of creditors Right now, COC's role during liquidation guys, the bill empowers the COC to supervise the liquidation process. So, as of now, the stakeholders consultation committee is supervising the liquidation process.

[00:54:01]But as per this new role, as per this new amendment rule, the liquidator will be required to consult SSE on the key decisions making. But the committee of creditor will be the sole authority.

[00:54:14]They can even remove the liquidator.

[00:54:16]They can even appoint some other liquidator instead of the existing liquidator. Right?

[00:54:23]COC's can may also can also replace the existing liquidator if they want to and the liquidator will be now onwards appointed on the proposal of the COC. So first the COC are going to propose the liquidator then only the liquidator is going to be appointed and guys NCT must pass an order of liquidation within 30 days from the date of appointment of the or the intimation and liquidity liquidation proceedings must also be completed within 180 days only. It is extendable up to 90 days. So it's not like that the liquidity the liquidation proceedings will be going on and on and on. No, 180 days extendable up to 90 days is the new time limit that has been introduced that has been introduced. Now let's suppose a liquidator is already appointed. Can the committee of creditor remove that liquid liquidator and replace it with some other liquidator?

[00:55:12]Yes. But you need approval of 66% of the members in that case. You need approval of the 66% of the members in that case.

[00:55:20]Then only this kind of thing will be possible. So guys, these are the major amendments. The most important amendment I feel is this one creditor initiated insolveny resolution right this can be there in your examination. So if you are a financial citor holding at least 51% of the debt you can initiate the a collaborative basis only let's suppose I have given a loan Mr. A Mr. B has given also a loan. So on a collaborative basis if we have at least 51% of the debt then we can initiate out of court settlement proceeding as well out of tribunal um system as well within 150 acceptable uh extendable up to 45 days is the time limit right it can be it will be concluded within 150 days extendable up to 45 days right guys so we are done with the May compilation series I hope you have enjoyed it right best wishes for the examination guys do cover it in a crisp manner Thank you so much for watching the session. See you soon in some other session.