BANKING & FINANCE
Banking Affairs
Public Sector Banks Register Record Net Profit of ₹1.98 Lakh Crore in FY 2025-26
Public Sector Banks (PSBs) recorded an all-time high net profit of ₹1.98 lakh crore during FY 2025-26, marking the fourth consecutive year of profitability.
The Gross NPA ratio declined to 1.93% and the Net NPA ratio dropped to 0.39% as of March 31, 2026.
Aggregate deposits rose by 10.6% y-o-y to ₹156.3 lakh crore.
The Gross NPA ratio declined to 1.93% and the Net NPA ratio dropped to 0.39% as of March 31, 2026.
Aggregate deposits rose by 10.6% y-o-y to ₹156.3 lakh crore.
Key Facts / Static GK
CRAR stands for Capital to Risk (Weighted) Assets Ratio.
NPA stands for Non-Performing Asset.
NPA stands for Non-Performing Asset.
Practice Quiz — 14 May 2026
Q1. What is the primary objective of the 'GARUDA' framework proposed by SEBI?
Answer: (C) To fast-track the approval and launch process of AIF schemes — The GARUDA (Green-Channel AIF Rollout Upon Document Acknowledgement) framework is a fast-track approval mechanism intended to reduce regulatory delays and allow AIFs to launch within 10 working days instead of the current 30 days.
Q2. The RBI cancelled the license of Sarvodaya Co-operative Bank under which sections of the Banking Regulation Act, 1949?
Answer: (B) Sections 22(4) and 56 — The RBI cancelled the bank's license specifically under Sections 22(4) and 56 of the Banking Regulation Act, 1949, which deal with the licensing of banking companies and their application to co-operative societies.
Q3. Which of the following statements is true regarding the newly notified VB-G RAM G Act, 2025?
Answer: (C) It replaces the MGNREGA Act, 2005 and increases guaranteed work to 125 days. — The VB-G RAM G Act replaces MGNREGA and enhances the employment guarantee from 100 to 125 days annually.
Q4. How will the Bharat Maritime Insurance Pool (BMIP) settle claims exceeding USD 100 million?
Answer: (B) By utilizing the sovereign guarantee provided by the government — For claims up to USD 100 million, the pool uses its own resources. Claims exceeding this amount are supported by the sovereign guarantee after pool reserves and reinsurance are exhausted.
Q5. According to the Moody's May 2026 update, what is the revised GDP growth forecast for India for CY2027?
Answer: (D) 6.0% — Moody's reduced India's growth projection for CY2027 by 50 basis points to 6.0% (down from the previous forecast of 6.5%).
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