Government Approves Pilot Testing of Plastic ₹10 and ₹20 Notes

1. How many pieces of ₹10 polymer banknotes has the Reserve Bank of India proposed for field trials?

Explanation: The Reserve Bank of India proposed the field trial introduction of 100 crore pieces of ₹10 notes alongside 100 crore pieces of ₹20 notes.

2. What was the growth rate of India's Index of Industrial Production (IIP) recorded for June 2026?

Explanation: According to the Quick Estimates released by MoSPI, India's industrial production grew by 7.3% year-on-year in June 2026.

3. What total penalty amount was collected by private banks in FY 2025–26 for failing to maintain the Minimum Average Balance?

Explanation: Private sector banks collected ₹4,948.71 crore in FY 2025–26 as non-maintenance penalties for minimum account balances.

4. What was the year-on-year growth rate of net profit recorded by Public Sector Banks in FY 2025–26?

Explanation: The aggregate net profit of Public Sector Banks increased by 11.1% year-on-year to reach ₹1.98 lakh crore in FY 2025–26.

5. What is the primary function of the newly launched 'Axis Finance Drishti' engine?

Explanation: Axis Finance Drishti is a digital Business Rules Engine (BRE) engineered to refine credit decisioning and risk monitoring across MSME and retail operations.