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7 August 2026 · verified exam-relevant news
Latest digest · 7 August 2026
Curated from PIB, RBI, All India Radio and verified national sources — organised for UPSC, SSC, Banking, Railway and State-PSC revision.
24 verified current-affairs updates for major exams.
The Reserve Bank of India imposed a monetary penalty of ₹5.40 lakh on Infinity Fincorp Solutions Private Limited on August 3, 2026, for non-compliance with KYC Directions and Fair Practice Code. The penalty was levied u…
Read full storyRBI released provisional data on sectoral credit deployment by NBFCs and HFCs for June 2026, covering 87% of total credit. Overall NBFC credit grew 14.4% y-o-y, up from 11.1% a year ago. Agriculture credit surged to 17.…
Read full storyThe Reserve Bank of India imposed a monetary penalty of ₹3.90 lakh on Utsav Securities Limited on August 3, 2026, for non-compliance with RBI directions on governance and submission of credit data to Credit Information…
Read full storyThe Reserve Bank of India announced the auction of Government of India Treasury Bills for a total notified amount of ₹24,000 crore, comprising 91-Day (₹9,000 crore), 182-Day (₹8,000 crore), and 364-Day (₹7,000 crore) te…
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The Indian government plans to introduce a regulatory framework for digital gold in the coming year, involving key ministries and the Reserve Bank of India. The Digital Precious Metals Assurance Council of India is cent…
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The Reserve Bank of India has revised regulations for mobile device financing, mandating lenders to restore device functionality within one hour of payment confirmation and capping borrower compensation at the total loa…
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Foreign Portfolio Investors (FPIs) and trading firms are urging SEBI and the Centre to reduce Securities Transaction Tax (STT) to address double capital gains taxation concerns. RBI's strict leverage rules risk driving…
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Major banks including Yes Bank, SBI, and MUFG Bank have revised their RBI rate hike expectations downward following the central bank's dovish stance on inflation. This shift reflects reduced monetary tightening expectat…
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Oil prices surged on Friday as geopolitical tensions escalated around the Strait of Hormuz, with Iran and Oman considering restrictions on hostile vessels. Brent crude rose to $83.48/barrel and WTI to $78.84/barrel amid…
Read full storyRBI issued final Amendment Directions on 'Conduct of Regulated Entities in Recovery of Loans and Engagement of Recovery Agents' effective January 1, 2027, after incorporating stakeholder feedback on the May 20, 2026 dra…
Read full storyThe RBI released the 2026-27 list of 17 NBFCs in the Upper Layer (NBFC-UL) under Scale Based Regulation, based on financials as of March 31, 2026. The framework, governed by the 2025 Directions, categorizes NBFCs into f…
Read full storyThe Parliamentary Standing Committee on Commerce, chaired by Ms. Dola Sen, presented its 200th Report on 'Evaluation of India-US Trade Relations' to Parliament on August 6, 2026. The report analyzes US tariff impacts ac…
Read full storyRBI issued draft directions on August 5, 2026, to replace the 2025 Concentration Risk Management and Credit Facilities guidelines for Rural Co-operative Banks (RCBs). Key proposals include prudential exposure limits for…
Read full storyThe Reserve Bank of India released Reserve Money data for the fortnight ended July 31, 2026, via Press Release 2026-2027/824. Reserve Money, a key monetary aggregate comprising currency in circulation and bank reserves,…
Read full storyThe Reserve Bank of India has released the draft 'Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026' for public consultation. Stakeholders are invited to submit comme…
Read full storyRBI announced the premature redemption price for Sovereign Gold Bond (SGB) 2020-21 Series-XI at ₹14,564 per unit, effective August 7, 2026. This redemption is permitted after the fifth year from the issue date (February…
Read full storyOn August 5, 2026, RBI's money market operations showed net liquidity absorption of ₹3,55,001 crore, primarily driven by massive SDF usage of ₹3,55,172 crore at 5.00%. The overnight segment recorded ₹6.24 lakh crore vol…
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The Reserve Bank of India (RBI) maintained the repo rate at 5.25% for the fourth consecutive policy review, retaining a neutral stance. It raised the FY27 real GDP growth forecast to 6.7% from 6.5% and lowered the avera…
Read full storyExternal Affairs Minister Dr S Jaishankar emphasized India's commitment to inclusive, demand-driven development cooperation with Africa during Africa Day celebrations in New Delhi. He highlighted India's position as one…
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A Parliamentary panel has recommended the Commerce Department to create a time-bound roadmap for the Mission 500 initiative, which aims to more than double India-US bilateral trade to $500 billion by 2030. The panel emp…
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In June 2024, Indian firms raised $6.07 billion via external commercial borrowings (ECBs) and foreign currency convertible bonds (FCCBs), with 140 companies accessing global markets. Key borrowers included Shriram Finan…
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The government raised ₹31,552 crore through LIC's Offer for Sale, increasing public ownership to 10% ahead of schedule. The issue saw strong demand with non-retail investors subscribing over 3 times their allocation on…
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External Affairs Minister S. Jaishankar emphasized Africa as a priority partner for India, stating its due place is essential for a multipolar world order. He reiterated India's commitment to strengthening ties with the…
Read full storyThe Reserve Bank of India's Monetary Policy Committee (MPC), chaired by Governor Sanjay Malhotra, concluded its three-day meeting and announced the bi-monthly monetary policy review today at 10 AM in Mumbai. This decisi…
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Exam-relevant stories with MCQ-ready key points from approved sources. Verified edition: 7 August 2026.
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