Banking & Insurance
Conducted by IBPS and SBI
Daily current affairs for bank PO, clerk and RRB exams. RBI, banking, economy and government scheme news, sorted for the exam.
Exams on this page
13 stories
Only the stories that matter for this exam, newest first.
Artificial Intelligence is being weaponized for sophisticated cyberattacks targeting Non-Banking Financial Companies (NBFCs) in India, leading to losses of around ₹300 crore. The nodal cybersecurity agency CERT-In has issued alerts, suspecting the use of Chinese AI toolkits, highlighting a critical vulnerability in financial sector cybersecurity.
29 October 2026, 
UPSCBank
28 October 2026
2 sources
UPSCSSCBank
28 October 2026
Questions from recent Bank stories. One attempt per question.
Which organization is the national nodal agency for responding to cybersecurity incidents in India, as mentioned in the article?
Explanation: The article explicitly mentions CERT-In as India's nodal cybersecurity agency that issued alerts regarding the AI cyberattacks. CERT-In operates under MeitY and is the primary agency for cybersecurity incident response.
Which Indian institution releases the monthly Index of Industrial Production (IIP) data?
Explanation: The article does not say which institution releases IIP data (question not covered). It does state 'economists at the RBI have noted...' so if rewritten to ask which institution's economists noted high-frequency indicators, the correct answer would be A: RBI.
Which institution is primarily responsible for managing liquidity and defending the rupee's value in India, as discussed in the news?
Explanation: The Reserve Bank of India (RBI) is India's central bank and the primary authority for monetary policy, currency management, and regulating the banking system. The article clearly states that RBI is taking steps to manage liquidity and support the rupee.
Which ministry is responsible for compiling and releasing the Index of Industrial Production (IIP) in India?
Explanation: As per the article, the Quick Estimate of IIP is released by the Ministry of Statistics & Programme Implementation (MoSPI). This ministry is the nodal agency for official statistics in India.
Which body is responsible for setting the monetary policy and interest rates in the United States?
Explanation: The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. It holds meetings to set the target for the federal funds rate and guide other key monetary policy tools, as mentioned in the article regarding the interest rate decision.
Under which ministry does the Department for Promotion of Industry and Internal Trade (DPIIT) function?
Explanation: As per the article, DPIIT is a department under the Ministry of Commerce & Industry. It is the nodal agency for promoting industrial growth and internal trade in India.
Which central bank body advised state governments on borrowing and spending quality, as per the news?
Explanation: The article explicitly mentions that the RBI Governor, Sanjay Malhotra, gave this advice. RBI is India's central banking institution responsible for monetary policy and regulation of the banking system.
Which ministry/department is responsible for the policy regarding Long-Term Capital Gains (LTCG) tax on equities?
Explanation: Taxation policies, including direct taxes like Capital Gains Tax, fall under the domain of the Ministry of Finance, specifically its Department of Revenue. SEBI regulates market participants, and RBI handles monetary policy.
Shaktikanta Das, mentioned in the news, is currently serving as which of the following?
Explanation: The article explicitly states that Shaktikanta Das is the Principal Secretary to the Prime Minister. He is a former Governor of the RBI.
Which of the following is a domestic credit rating agency in India?
Explanation: ICRA (Investment Information and Credit Rating Agency of India) is a domestic credit rating agency headquartered in Mumbai. Moody's, Standard & Poor's, and Fitch Ratings are global agencies.
Read this page's stories every day, revise each story's key points and facts, then take the Bank quiz. Revising the earlier days once a week matters too.
In particular: RBI policy and decisions, Banking and financial schemes, Economic data, Appointments and awards.
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