RBI Current Affairs Quiz: September 2026

The United Forum of Bank Unions and some other unions in public sector banks, supported by Regional Rural Banks, raised two principal demands: a five-day working week for banks and withdrawal of the Performance Linked Incentive scheme.

The release states that the report, titled Unincorporated Sector at the District Level, draws upon ASUSE data to present the scale, structure and economic performance of the sector district by district, and that this is the first initiative of the National Statistics Office to disseminate district-level estimates from a large-scale…

Real GDP, that is GDP at constant prices, is estimated at ₹81.36 lakh crore for the first quarter of 2026-27, and that level represents growth of 7.8 per cent.

The arithmetic is easy to hold if the launch date is remembered: India Post Payments Bank was launched on 1 September 2018, so the same date in 2026 completes nine years of working.

The Ministry of Finance says a notification appointed that day as the date on which the provisions of the Act take effect.

The backgrounder states that the updated series of annual and quarterly GDP estimates, released on 31 August 2026, takes 2022-23 as its base year.

The agency moved both the long-term foreign currency issuer rating and the long-term local currency issuer rating up by exactly one notch, from BBB+ to A-, and kept the outlook at stable.

That is the figure twenty IFSC Banking Units had sanctioned under the Reserve Bank's special swap facility for FCNR(B) deposits as on 31 August 2026, and about USD 52.82 billion of it had already been disbursed.

The review records that NMDC mined that quantity of iron ore in August 2026, which is growth of 20.8 per cent over the same month a year earlier.

This is the provisional year on year rate for August 2026 compared with August 2025, worked out on the Consumer Price Index whose base year is 2024 equals 100.

The backgrounder states that the scheme, approved on 5 May 2026 and implemented by the National Credit Guarantee Trustee Company, aims to facilitate an additional credit flow of up to that amount, and that the scheme runs till 31 March 2027 or till guarantees of the same value are issued…

The distractors here are all real numbers from the same bulletin, which is exactly how a paper setter builds a question on a statistical release, so each one has to be placed correctly.

The correct answer is 399.27 billion US dollars, the cumulative figure for merchandise and services exports taken together over the five months of the current financial year covered by the release.

Every person-to-merchant payment at or below that value stays free of the Merchant Discount Rate, and customers pay no charge for making such payments through the platform.

Ashok Kumar Lahiri, Vice-Chairman of NITI Aayog, released it in New Delhi along with the chief executive officer and other senior officials of the institution, and the edition covers the first quarter of FY27, that is April to June 2026.

Prime Minister Narendra Modi inaugurated the seventh edition of the Global Fintech Fest there on 8 September 2026, and the festival continues in the same city until 11 September 2026.

The FRI is a telecom intelligence framework built by that department and offered to financial institutions through its Digital Intelligence Platform, and on 8 September 2026 it was reported to have prevented suspected cyber fraud of more than five thousand crore rupees since its launch on 22 May 2025.

The venue matters because the audience was exactly the one the tools are meant for, the banking, financial services and insurance industry, which had long asked for a way to complete Aadhaar authentication inside its own apps.

Among the oils covered by this decision, crude sunflower oil is the only one whose Basic Customs Duty was taken all the way down to zero, from the earlier level of 10%.

The Finance Ministry, after consulting the Reserve Bank of India, settled on this gross market borrowing figure for the closing half of FY 2026-27, and the whole sum is to be raised through 23 weekly auctions of dated securities.

This is the total value of risk the pool is able to write, and it makes the pool the first domestic maritime insurance arrangement of that size in India.

India is the second largest shareholder of the Asian Infrastructure Investment Bank, and the Union Finance Minister attends the annual meeting of its Board of Governors as India's Governor to the bank in that capacity.

Factory output measured by the Index of Industrial Production rose at that rate in August 2026 over the same month a year earlier, helped by manufacturing and by a strong showing from electricity and gas supply.

The Ministry of Statistics and Programme Implementation released the sub-sectoral trial Index of Services Production for the month in respect of nineteen broad sub-sectors, computed on the base year 2024-25.

The memorandum institutionalises a mechanism for sharing relevant data so that this register can be developed and strengthened, with unit-wise Udyam Registration data flowing to the statistics ministry through a two-way application programming interface to feed the National Statistical Business Register.

The survey for the year ending March 2025 counted that many registered manufacturing establishments, and the sector grew by 2.64 per cent on this measure.

The new Act carries the same name with the new year and takes the place of the colonial-era statute, which was framed at a time when banking systems were entirely paper-based.

In its appeal of 21 September 2026, the Ministry of Finance recalled that the Government, in the interest of bank employees, declared the 2nd and 4th Saturdays of every month as holidays for public sector banks in 2015.

The release says that estimates of the indicators are given for 757 out of the 770 districts available in the sampling frame at the time the ASUSE sample was selected.

Every table in the release, whether the expenditure components, the sector-wise Gross Value Added or the revised annual estimates, is sourced to that ministry.

The release describes it as a launch for merchants, designed to simplify and strengthen the acceptance of everyday digital payments at their end.

The release states that the new Act replaces the Bankers' Books Evidence Act of that year and provides a modern framework for the use of banking records as evidence in keeping with the way banks work now.

Double deflation is a production-side technique: gross output is deflated with one price index and intermediate consumption with another, and real Gross Value Added is what remains after subtracting the second from the first.

JCR noted that the Centre's fiscal deficit came down from 4.7 per cent in FY25 to 4.4 per cent in FY26, and that this happened while capital spending was kept high, with infrastructure investment given particular weight.

The release describes IFSCA as the unified regulatory authority set up by the Government of India under an Act of Parliament for the development and regulation of financial products, financial services and financial institutions in India's International Financial Services Centres.

The review names the Top 7 producers as SAIL, RINL, NSL, the TSL Group, AM/NS, JSL (JSPL) and the JSW Group.

In August 2026 villages saw prices rise faster than cities, and the release gives these two figures against a combined headline rate of 4.82 per cent.

The release separates the two levels of cover clearly: eligible MSMEs get a full guarantee, while eligible non-MSME borrowers get 90 per cent cover.

The bulletin describes the survey as the primary source of data on activity participation and on employment and unemployment conditions of the population.

The correct answer is electronic goods, whose exports in the month climbed from 2.93 billion dollars a year earlier to 5.55 billion dollars, a jump the release lists first among the drivers of merchandise export growth.

The framework was brought in after detailed deliberations by the UPI Steering Committee on the rates, the operational arrangements and the safeguards for consumers.

The edition treats this as a strategically important sector for manufacturing, infrastructure, the energy transition and advanced industries, and it examines both export competitiveness and rising import dependence.

The theme of this edition is Potential to Impact, and these three technologies are described as the foundations that are moving global finance towards autonomous, programmable and secure systems for inclusive finance.

The FRI is developed under this platform, which classifies mobile numbers as medium, high or very high risk and securely shares the result with banks, payment service providers, insurers, securities intermediaries and pension entities.

UIDAI engineered the face authentication solution in India and launched it in that year, and it has since been adopted by nearly 200 entities, among them central ministries and departments, state governments, banks, non-banking financial companies, telecom operators, brokerage firms and certifying authorities.

While cutting the duty on crude oils, the government also trimmed the duty on the matching refined oils, but it kept the distance between the two rates at this level rather than letting it shrink.

The gross borrowing of Rs 7,86,000 crore planned for the second half of FY 2026-27 will be completed through 23 weekly auctions of dated securities, with the paper spread over eight maturity buckets ranging from three years to fifty years.

The correct answer is the General Insurance Corporation of India, better known as GIC Re, which has taken charge as Pool Manager and Administrator and handles the pool's day-to-day running, its performance reporting and its operational systems.

The eleventh annual meeting of the Board of Governors of the Asian Infrastructure Investment Bank is scheduled in Doha, the capital of Qatar, and the Union Finance Minister travels there on an official visit for it.

It was the only one of the four sectors to shrink during the month, falling 5.6 per cent, and its index stood at 85.7, the lowest of the four.