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  • Luminous Power Technologies signs MoU with State Bank of India to expand solar financing; eligible customers can avail maximum loan of Rs 10 crore\text{Rs }10\,\text{crore}; repayment period up to 10 years10\,\text{years}.
  • GoI dividend from PSBs in FY23: Rs 13,804 crore\text{Rs }13{,}804\text{ crore}. PSB group net profit FY24: Rs 1.41 lakh crore\text{Rs }1.41\ \text{lakh crore}, up from 1.05 lakh crore1.05\ \text{lakh crore} in FY23. SBI’s FY24 net profit: Rs 61,077 crore\text{Rs }61{,}077\text{ crore} (largest contributor). Punjab National Bank (PNB) profits grew +228%+228\% to Rs }8{,}245\text{ crore}; Union Bank of India profit Rs }13{,}649\text{ crore}; Central Bank of India profit Rs }2{,}549\text{ crore}.
  • Government dividend payout by PSBs rose 32.7%32.7\% to Rs }27{,}830\text{ crore} in FY24; Rs }18{,}013\text{ crore} paid to GoI.
  • Japan International Cooperation Agency (JICA) signed 6 Official Development Assistance (ODA) loan agreements with India totaling JPY 191,736 millionJPY\ 191{,}736\text{ million}. 6th loan package includes desalination, biodiversity conservation, forest management, aquaculture, and Delhi Metro expansion; a notable allocation of Rs }4{,}649\text{ crore} to Delhi Metro Phase 4.
  • Indian Renewable Energy Development Agency (IREDA) signed a Japanese Yen (JPY) facility of 26 billion26\text{ billion} as ECB borrowing from SBI Tokyo; includes green shoe option of JPY 10 billionJPY\ 10\text{ billion}; facility term =5 years= 5\text{ years}; repay at maturity.
  • Zuno General Insurance launched "Zuno SmartDrive"; Pay-How-You-Drive (PAYD) feature integrated into motor policies; mobile Telematics for driving patterns; policyholders can view driving scores via the Zuno app.
  • The Department of Economic Affairs announced that Small Savings Scheme interest rates will remain unchanged for the 1st Quarter of FY2025-26 (Q1FY26: Apr 1–Jun 30, 2025). Rates are reviewed based on market conditions, inflation, and government bond yields. Shyamala Gopinath Committee’s method for determining SSS interest rates was proposed in Jan 2023; old framework remains in context.