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Recent Current Affairs related to Banking

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10 June 2026 BANKING

The RBI has released the ‘Annual Report 2025-26’. The Balance Sheet (BS) of the RBI expanded by 20.6% in FY26, increasing from ₹76.25 lakh crore to ₹91.97 lakh crore, registering a growth of ₹15.72 lakh crore. A provision of ₹1.09 lakh crore was transferred to the Contingency Fund (CF).

The expansion on the assets side was driven by a 44.9% increase in domestic investments to ₹22.59 lakh crore, a 63.8% rise in gold holdings to ₹10.94 lakh crore, and a 7.9% growth in foreign investments to ₹52.68 lakh crore. The number of reported fraud cases declined to 10,114 from 23,722 in the previous year.

23 April 2026 BANKING

The Directorate General of Foreign Trade (DGFT), under the Department of Commerce (DoC) of the Ministry of Commerce & Industry (MoC&I), has updated the list of banks authorized to import precious metals. The new authorization is effective from April 2026, to March 2029.

A total of 15 banks are permitted to import both gold and silver, including Indian Overseas Bank, Bank of India, Punjab National Bank, RBL Bank, SBI, Axis Bank, Federal Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank Ltd, Karur Vysya Bank Ltd, Yes Bank, Deutsche Bank, and the Industrial and Commercial Bank of China Ltd. Futhermore, Union Bank of India and SBER Bank (a Russian state-publicly listed company) are authorized to import gold only.

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