RBI Weekly Current Affairs Quiz: 31 August – 6 September 2026

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 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.

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…

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.

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.

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.

It grew 11.9 per cent in the first quarter of 2026-27 against 5.8 per cent in the same quarter of the previous year, and that jump is the sharpest change among the expenditure components listed.

The release gives this as the pan-India customer base as on 31 March 2026, and adds two shares worth remembering: 77 per cent of these customers are in rural areas and 49 per cent are women.

The release says the first quarter of 2026-27 should be compared with the earlier first-quarter figure from the same series, and in doing so it names the current-price estimate for the quarter.

It is a multilateral development bank that lends to its member countries; it is not a credit rating agency and assigns no sovereign ratings, so it cannot appear in this list.

Indian banks raised that amount through bond listings on IFSC exchanges over the five months from April to August 2026.

The review records that SRTMI and SWERIM of Sweden signed a memorandum of understanding to strengthen cooperation in iron and steel research, technology and innovation.

The backgrounder names it as the implementing agency and adds that borrowers must satisfy the eligibility conditions prescribed by NCGTC, including account status and other lending norms.

The annual revised estimates use new price and production indices on that base, including an Output Producer Price Index and a Banking Services Price Index, along with updated administrative data drawn from several sources.

India Post Payments Bank has been established under the Department of Posts, which sits in that ministry, and the entire equity of the bank is owned by the Government of India.

Constant-price estimates for mining are built from the Index of Industrial Production, which grew -3.8 per cent in April, -1.4 per cent in May and 1.6 per cent in June, broadly matching real GVA growth of -2.4 per cent.

JCR pointed to three things behind the better asset quality of Indian banks: the establishment of this Code, the capital the Government infused into banks, and stronger supervision by the Reserve Bank of India.

He is quoted in the release saying that the rapid scale-up of banking activity at GIFT-IFSC shows the depth and growing international orientation of India's International Financial Services Centre, and that the centre is serving as an effective bridge between global pools of capital and India's financing needs.