Finance Current Affairs for RBI Grade B | RBI Grade B Classes | RBI Preparation 2025 | Madhav Sir

About this Video

• Video Title: Finance Current Affairs for RBI Grade B | RBI Grade B Classes | RBI Preparation 2025 | Madhav Sir
• Channel: Supercoaching Regulatory Bodies by Testbook
• Speakers: Madhav Sir
• Duration: 01:26:10

Introduction

This video covers finance current affairs relevant to the RBI Grade B 2025 examination. Madhav Sir reviews previous sessions, answers student questions, and discusses important news, including RBI directives and other potentially examinable topics. The focus is on preparing candidates for both Phase 1 and Phase 2 of the exam.

Key Takeaways

• RBI's Digital Lending Directions 2025: These directions, effective November 1st, 2025, mandate transparency in loan offers (including matching and unmatching options), consistent lending approaches, and unbiased Lending Service Providers (LSPs).
• Regulated Entity Liability: Regulated entities are liable for the actions of their LSPs after a formal contract is signed.
• Prohibited Digital Loan Practices: LSPs are not permitted to collect repayments directly into their own accounts.
• Grievance Redressal Guidelines: These guidelines require regulated entities and LSPs to appoint nodal officers, inform borrowers of recovery agent identities, and resolve complaints within 7 days. Digital complaint logging is also mandatory.
• Borrower Consent: Borrowers must explicitly consent to actions like accessing contact lists, using cameras for KYC, and sharing data with third parties.
• Digital Lending Guarantee Coverage: The maximum cap on digital lending guarantee coverage a regulated entity can accept is 5% of the disbursed loan portfolio.
• SEBI's Electronic Book Platform (EBP): SEBI mandates the use of EBP for private placements of debt securities (and other instruments) valued at ₹20 crore or more in a financial year. This includes REITs and InvITs. The use of a green shoe option (allowing for oversubscription) is also discussed.
• RBI's Licensing Actions: The video details RBI's granting of a license to Zigzuk for prepaid payment instruments, approval for Emirates NBD bank PJSC to set up a wholly-owned subsidiary in India, and the cancellation of HCBL cooperative bank's license.
• Wholly Owned Subsidiaries (WOS): The video extensively explains RBI's preference for foreign banks to operate in India as WOS rather than branches, outlining the conditions and advantages of this model. Key aspects include minimum capital requirements, corporate governance standards, and priority sector lending norms.