CurrentTap(Finance)

(Feb 2025) Investor Education and Protection Fund Authority(IEPFA), established in

2016 under the Ministry of Corporate Affairs, New Delhi

(Feb 2025) IEPFA signed an MoU with ________, a subsidiary of ____, to develop a digital program aimed at promoting financial literacy among school children.

Strategic Educational Professionals Pvt. Ltd. (a subsidiary of ACCA) - Association of Chartered Certified Accountants

(Feb 2025) IEPF - Investor Education and Protection Fund has been established under which section of the Companies Act, 1956

Section 205C

(Feb 2025) Indian Post Payments Bank(IPPB) launched in

2018, 100% govt. owned under the Ministry of Communications

(Feb 2025) As per RBI guidelines, account holders can transfer funds below __a_ through nomral savings account, and fund above the same amount can be transferred to your linked ____

2 lakh, POSA(Post Office Savings Account)

(Feb 2025) SEBI launched _____, a web-based portal for reporting and tracking technical glitches across Market Infrastructure Institutions(MIIs), replacing the previous email reporting system

iSPOT - Integrated Sebi Portal for Technical Glitches

(Feb 2025) When was Algorithmic Trading introduced in India

2012

(Feb 2025) SEBI has allowed retail investors can access algorithmic tading only through registered brokers with stock exchange approval from ____

Aug 2025

(Feb 2025) The implementation standards will be formulated by the _______ in consultation with SEBI, with a deadline of Apr 1, 2025 (Algorithmic Trading)

Broker’s Industry Standards

(Feb 2025) Which is the first finfluencer-led platform has received a RIA(Registered Investment Advisor) to offer investment advice and financial planning services?

The 1% Club, led by Sharan Hedge

(Feb 2025) SEBI chairperson emphasized need for _____ in India to address significant gap in financial advisory services as only ____ are currently available

1 million RIAs, 1,300 RIAs

(Feb 2025) SEBI has launched a platfrom to help investors track and reclaim inactive or unclaimed mutual fund folios, with folios classified as inactive if there is no transactions for ____ yrs.

MITRA - Mutual Fund Investment Tracing and Retrieval Assistant, 10yrs

(Feb 2025) SEBI has launched a platfrom to help investors track and reclaim inactive or unclaimed mutual fund folios will be hosted by ____ and ____

CAMS (Computer Age Managment Services) and KFIN Technologies

(Feb 2025) SEBI introduced ____, a centralized database portal for corporate bonds, developed by ____ to enhance market transparency and support informed investor decisions

Bond Central by Online Bond Platform Providers Association

(Feb 2025) First lender on GeM Sahay 2.0, built on OCEN - Open Credit Enablement Network) to facilitate credit to GeM portal sellers.

121 Finance, an RBI-registered NBFC-factor

(Feb 2025) GeM Sahay was launched in ____

2021

(Feb 2025) RBI has approved voluntary amalgamation of two UCBs :

The Citizen Co-operative Bank (Goa) with TJSB Shakari Bank(Maharashtra)
Pune Commercial Co-operative Bank(Satara) with Pimpri Chinchwad Sahakari Bank(Pune)

(Feb 2025) Which bank received approval from the RBI to open an IFSC banking unit at GIFT City, Gandhinagar

Bank of Maharasthra

(Feb 2025) IFSCA Established in

2020, under IFSCA act(2019)

(Feb 2025) Bima Vahak, a portal designed to support a women-centric, localized insurance sales force, is scheduled for a soft launch in April, 2025. It operated by

Bima Sugam India Federation(BSIF), it a part of Bima Trinity initiative which also includes the elctronic marketplace Bima Sugam and insurance product Bima Vistaar.

(Feb 2025) SWAMIH established in ___

2019, by Ministry of Finance, reached a milestone of completing 50,000 homes by Feb 2025

(Feb 2025) SWAMIH is managed by

SBICAP ventures Ltd., operated as a category-II AIF(Alternate Investment Fund) registered with SEBI

(Feb 2025) IRDAI launched Bima-ASBA, Which is the first insurer to adopt Bima-ASBA?

Bajaj Allianz Life Insurance

(Mar 2025) SEBI collaborated with ____ to reduce unclaimed assets and improve investor protection by enabling investors to store and access their demat holdings, mutual fund statements and Consolidated Account Statements with a nomination facility for legal heirs

DigiLocker

(Mar 2025) The National Financial Literacy Assessment Test(NFLAT) is conducted annually free, aiming to assess and improve the financial literacy of school students of _____

Class VI to XII (Launched in 2013-14 with OECD reccomendations)

(Mar 2025) National Financial Literacy and Inclusion Survey is conducted in ____

2017 by RBI in 29 states and 5 UTs(Except Andaman and Nicobar Islands)

(Mar 2025) Financial Educational Training Program is for teachers of ____

Class VI to X (Launched in 2015)

(Mar 2025) Financial Awareness and Consumer Training (FACT) is for ___

Graduate and Post Graduate Students (Launched in 2017)

(Mar 2025) Financial Educational Program for Adults is launched in

2019

(Mar 2025) National Centre for Financial Education is launched in

2013 (incorporated in 2018 under sec 8, companies act, 2013)
Ministry of Finance

(Mar 2025)RBI launched an AI-based tool in Dec 24, to identify and combat money mule activites in the financial sector?

MuleHunter

(Mar 2025) 8th State Level Coordination Committee was conducted by

RBI in Sikkim

(Mar 2025) Digital payment transactions in India grew by ___ from 21-22 to 23-24

46%

(Mar 2025) The Incentive Scheme for the Promotion of RuPay Debit cards and low-value BHIM-UPI transactions persont to merchant(P2M) is launched in __

2021-22 (Incentive Scheme for Banks Portal)

(Mar 2025)DIGIDHAN Mission is announced in ___

2017-18 (Ministry of Electronics and Information Technology)

(Mar 2025)Ministry of Home Affairs has introduced National Cybercrime Reporting Portal and the National Cybercrime Helpline Number _____

1930

(Mar 2025)Which Department launched Digital Intelligence Platfrom and ‘Chakshu facility’ in 2024 which enables citizens to report suspected fraud communication received over call, SMS or Whatsapp

Department of Telecommunications (DoT)

(Mar 2025) The Incentive Scheme for the Promotion of RuPay Debit cards and low-value BHIM-UPI transactions persont to merchant(P2M). Financial Outlay is

1,500 Crore( 01.04.2024 to 31.03.2025)

(Mar 2025) Incentive for Small Merchants will be provided at a rate of ____ per transaction value upto ___

0.15%, 2000
(above 2000 the transactions will be MDR-free but without incentives)

(Mar 2025) BAANKNET stands for

Bank Asset Auction Network

(Mar 2025) BAANKNET is launched in

Jan 2025

(Mar 2025) BAANKNET is enhanced version of

eBKray which is launched in 2019

(Mar 2025) BAANKNET is being used by ________

12 Public Sector Banks and IBBI(Insolvency and Bankruptcy Board of India)

(Mar 2025) CPACE - Centre for Processing Accelerated Corporate exit is launched in

2023 by Ministry of Corporate Affairs

(Mar 2025) NHAI completed the largest InvIT(Infrastructure Investment Trust) monetization deal, with

18,000 crore

(Mar 2025) InvITs are regulated by

SEBI under the SEBI(Infrastructure Investment Trusts) Regulations, 2014

(Mar 2025) InvIT consists for four elements, they are:

Trustee, Sponsor(s), Investment manager, project manager

(Mar 2025) InvITs differ from REITs(Real Estate investment Trusts) as

InvITs offer more liquidity but may have less income stability compared to REITs, which generally provide a steady income flow due to long-term rental contracts

(Mar 2025) National Highways Infra Trust(NHIT) is established in

2020 as a trust with SEBI

(Mar 2025) NHIT comes under which ministry

Ministry of Road Transport and Highways

(Mar 2025) Implementing agency for NHIT

National Highway Authority of India(NHAI)

(Mar 2025) AMFI introduced three new initiatives they are::

Chhoti SIP(Systematic Investment Plan) - Rs. 250 SIP
Tarun Yojana - integrating financial literacy into school curricula, promoting ivnestment education among students
MITRA

(Mar 2025) Total Assets under Management(AUM) in India’s mutual fund industry has surpassed ____

65 lakh crores

(Mar 2025) SEBI introduced SIF(Specialized Investment Funds) as an alternative to mutual funds and Portfolio Managment Services, with a minimum investment threshold of ___

10 lakh

(Mar 2025) Debt investment restrictions for a single isser’s exposure is capped at ____(AAA)

20%

(Mar 2025) Debt investment restrictions for a single isser’s exposure is capped at ____(AA)

16%

(Mar 2025) Debt investment restrictions for a single isser’s exposure is capped at ____(A or below)

12%
[With sectoral investment limited to 25%]

(Mar 2025) Eligibility for mutual funds to set up SIFs:

1) 3-year operational history with an average asset under managment of 10,000 crore over the last 3 years

2) i) Hiring a Chief Investment Officier with 10 yrs experience of fund managment and an average AUM of 5,000 crore
ii) Additionally an extra fund manager with at least 3yrs experience and AUM of 500 crore

(Mar 2025) SIFs can utilize up to ___ exposure in derivatives for non-hedging purposes[SIF will be effective from Apr 1, 2025]

25%

(Mar 2025) SIFs can have varying subscription and redemption frequencies with a maximum ___ notice period for redemprions

15 days

(Mar 2025)SEBI has released stricter regulatory framework for SME which are planning an IPO must have minimum operating profit (EBITDA) of

1 crore for at least 2 of the last 3 financial years

(Mar 2025) SEBI has released stricter regulatory framework for SME IPOs, the offer for sale (OFS) capped at

20% of the total issue size

(Mar 2025) SEBI has released stricter regulatory framework for SME IPOs, Promoters shareholding over the Minimum Promoter Contribution will be subject to a phased lock-in period, with half of the excess holding released after ____ and the remaining after ____

one year and two years

(Mar 2025) SEBI has released stricter regulatory framework for SME, the minimum application size for SME IPOs has been increased to ____

2 lots to restrict speculation

(Mar 2025) SEBI has released stricter regulatory framework for SME IPOs, the General Corporate Purpose allocation is capped at

15% of the total issue size or 10 crore, whichever is lower

(Mar 2025) SEBI reduced the minimum investment amount in Zero Coupon zero Principal investments on the Social Stock Exchange from ____ to ____

10,000 to 1,000

(Mar 2025) Social Stock Exchange was floated in _____ and were first cleared by SEBI in ____

2019-20, 2021

(Mar 2025) Minimum Donation that can be made through Social Stock Exchanges is

50 lakh

(Mar 2025) Ministry of Finance has notified a 10-year Zero Coupon Bond for Power Finance Corporation to raise up to _____, issued at ______ with a maturity value of ____, and a cap of _____ bonds to be issued

10,000 Crore, 50,454, 1 lakh, 10 lakhs

(Mar 2025) SEBI has revised the timelines for completing rights issues, reducing the process to

23 days, with effect from April 7, 2025

(Mar 2025) Rights issue subscription period will now be kept open for minimum of ___ and maximum of ____

7 days, 30 days(faster than preferential issue 40 days)

(Mar 2025)Issuers offering securities worth less than ____ through a rights issue are exempt from the reuqirement to appoint a montioring agency

50 crore

(Mar 2025) SEBI has directed the exchanges and depositories to develop a system for automatic validation of applications within ___

6 months

(Mar 2025) SEBI has included the GCP(Green Credit Program) under the BRSR(Business Responsiblitiy and Sustainability Reporting) Framework, Green credits generated by the listed company and their top 10 value chain partners can be added as a leadership indicator under the Principle ___ of BRSR.

6

(Mar 2025) SEBI redefined “value chain partners” to incude entities accounting for ___ of the companies purchases or sales

2% or more

(Mar 2025) Companies will be allowed to limit their value chain disclosures to __ of their purchases and sales

75%

(Mar 2025)From FY 25-26, the top ___ listed companies(by market capitalization) can voluntarily discolse ESG infromation realted to value chain

250

(Mar 2025)Green Credit Program is a part of ___

LiFE initiative launched in 2023
Governed by Inter-ministerial Steering Committee
Administered by Indian Council of Forestry Research and Education(ICFRE)

(Mar 2025) What are the 7 notified activites under GCP:

Water Managment
Sustainable Agriculture
Waste Managment
Air Pollution Reduction
Mangrove Conservation
Ecomark Label Development
Sustainable Building and Infra

(Mar 2025) BRSR launched in

2021(by Sebi)
[It seeks disclosures against 9 principles of “national Guidelines on Responsbile Business Conducts(NGBRCs) by MCA, 2019]

(Mar 2025) RBI will increase ATM withdrawl fees starting with May 1, 2025

From 17/- to 19/- per transaction
From 6/- to 7/-(For balance check and other services)

Max cannot exceed 23/- per transaction

(Mar 2025) Customers are eligilble for __ free withdrawls every months from their own bank ATMs

5 (other banks - 3(metro), 5(non-metro))

(Mar 2025) 5 white label ATM operators in India(As of Mar 2025)

Tata Communications Payment Solutions Ltd.
Hitachi Payment Services Pvt. Ltd
Vakrangee Ltd.
India1 Payments Ltf.(BTI)
Electronic Payment and Servies(EPS)

(Mar 2025) If an ATM transaction fails, banks must re-credit the customer’s account within ____

5 calendar days (T+5)
[If re-crediting delays beyond 5 days - compensate with 100/- per day after 5 days]

(Mar 2025) RBI won the Digital Transformation Award 2025 from ____

Central Banking, London for launching Sarthi , Pravaah

(Mar 2025) Sarthi, Pravaah launched in _____, _______ respectively

2023, 2024

(Mar 2025) Sarthi aims to

Digitize internal workflows, impoving documents storage, sharing, data analysis

(Mar 2025) Inter-Ministerial-Industry Committee on FIntech has been chaired by

M Nagaraju, Secretary of the Department of FInancial Services

(Mar 2025) UPI has achieved a major milestone with daily transaction values surpassing 1 lakh crore for the first time. What are top 6 UPI Players based on market share as of Feb 2025

PhonePe
Google Pay
Paytm
Navi
Flipkart’s Super money
Cred

(Mar 2025) NPCI is planning to cap any single upi app’s market share at__

30%

(Mar 2025) UPI was launched in

2016

(Mar 2025) 29th meeting of the Standing Advisory Committee(SAC) reviewed the flow of credit to the MSME sector, under the chairmanship of ___

Swaminathan. J.

(Mar 2025) Domestic Systematically Important Insurers are

LIC, New India Assurance, General Insurance Corporation of India

(Mar 2025) First private insurer to gain reinsurance license by IRDAI is

Valueattics Reinsurance, a new insurance backed by FAL Corporation and GoDigit

(Mar 2025)Only Public sector reinsurer is

General Insurance Corporation of India(Set-up in 1972)

(Mar 2025) Largest life and General insurance companies in India

LIC, New India Assurance

(Mar 2025) Remittances from the USA and UK account for

40% of total remitaances into India [US - 28%]

(Mar 2025) Decline in remittances from UAE and Saudi Arabia, the share of remittances from UAE dropped to

19.2%, Saudi - 6.7%(halved)

(Mar 2025) Nearly half of all remittances are directed to

Maharashtra, Kerala, TamilNadu

(Mar 2025)Remittance Size -

28.6% - above 5 lakh
40.6% - 16,500 or less