SBI 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 meeting was co-chaired by Hardeep Singh Puri, India's Minister of Petroleum and Natural Gas, and by the OPEC Secretary General.

The backgrounder names him as the moderator of the session, which brought senior representatives of the leading industry associations together to discuss how deeper cooperation could speed up the country's semiconductor and electronics plans.

The Technology Development Board, which functions under the Department of Science and Technology, approved that amount for Ubifly Technologies Private Limited of Chennai out of the Research Development and Innovation Fund, for its indigenous ePlane advanced air mobility solution.

The release says in its headline points, and repeats at the very end, that the new rules shall come into force from January 1, 2027, which gives e-commerce entities a clear runway before compliance becomes mandatory.

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 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 release states that SAIL achieved double digit year-on-year growth in overall sales volumes in August 2026, with total sales at this level, registering a rise of 13 per cent over the corresponding period last year.

Addressing the India-Belgium High-Level Dialogue in Mumbai, the Commerce and Industry Minister said the India-EU Free Trade Agreement brings together 2 billion people, representing a quarter of global GDP, a third of world trade and a market of USD 24 trillion.

That is the provisional year on year wholesale inflation rate announced for August 2026 on the base year 2022-23, and the index for all commodities stood at 110.8 in the same month.

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 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.

He is a 1988 batch officer of the Indian Postal Service and was declared elected unopposed, by acclamation, at the 14th APPU Congress held in Bangkok on 4 September 2026.

The Union Cabinet, chaired by the Prime Minister, cleared the Labour Ministry's proposal on 16 September 2026 to lift the wage ceiling for compulsory EPFO membership from Rs 15,000 a month to Rs 25,000 a month.

The word that carries the meaning is aggregating, because the whole purpose of the platform is to pool the freight demand of shippers and logistics service providers so that it becomes large enough and visible enough to justify electric trucks on a corridor.

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.

The Indian delegation, led by Additional Secretary in the Department of Commerce Shri Nitin Kumar Yadav, travelled to Manila for both meetings, and it was there that economic ministers or their representatives from every ASEAN member met the East Asia Summit partners.

The bulk drugs scheme, which covers key starting materials, drug intermediates and active pharmaceutical ingredients, was approved in 2020 with that outlay and it works on 41 critical products where imports dominated.

The board functions under the Department for Promotion of Industry and Internal Trade of that ministry, so its meeting place follows naturally.

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.

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.

For the class of taxpayers who must get their accounts audited, the statutory last date to file the return of income for Assessment Year 2026-27 was 31 October 2026, and the Central Board of Direct Taxes has now pushed it forward by three weeks.

It was DRI that acted on intelligence about gold crossing the India-Bangladesh border, intercepted the courier parcels in several cities and seized the metal under the customs law.

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.

That is the assistance the Department of Pharmaceuticals committed to the 41 projects cleared in the first call of the scheme.

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 records that both sides agreed to hold the Eighth High-Level Meeting of the OPEC-India Energy Dialogue in Vienna, Austria, on a mutually convenient date.

The backgrounder records that the event brought together this many exhibitors, of whom close to three hundred were international companies, and treats that mix as a sign of the global interest now being shown in the country's semiconductor and electronics ecosystem.

The release describes the e200X as configured for one pilot and two passengers, with a targeted range of 110 km and an ideal speed of 160 kmph, and with a landing gear built for both conventional and vertical landing so that it can operate out of relatively small spaces.

The amended rules provide that where a price reduction is announced, both the reduced price and the prior price shall be displayed, and they define the prior price as the lowest price at which the goods or services were offered during the thirty days preceding the announcement.

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.

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 release records that during August 2026 SAIL further strengthened its financial position by reducing borrowings by this amount from the level of 31.03.2026.

Shri Goyal said that Belgium stands at the gateway of the opportunity created by the India-EU FTA, and noted that the Port of Antwerp-Bruges is Europe's second-largest seaport.

The figure is far above every other group and had itself risen from 20.05 per cent in July 2026, which is why mineral oils containing petroleum products are listed first among the drivers of the month's wholesale inflation.

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

The release describes the Asian-Pacific Postal Union as an inter-governmental organisation headquartered in Bangkok with 32 member countries, and it was in Bangkok that the 14th Congress met on 4 September 2026 and re-elected its Secretary-General.

Dr Mansukh Mandaviya, the Union Minister of Labour and Employment and also of Youth Affairs and Sports, told a press briefing that the higher ceiling would come into force on that day, which is observed as Vishwakarma Jayanti and as Sewa Divas.

The correct answer is from 201 vehicles to 826 vehicles, a rise of more than four times in a single year, which is the figure NITI Aayog used to show that the electric freight market has begun to move.

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.

The release states that bilateral trade between India and the ASEAN bloc reached this level in 2025-26, and that the bloc made up 10.55 per cent of total Indian trade with the world.

Production of 57 unique medical devices has begun under the scheme, and the list runs from magnetic resonance imaging machines, computed tomography scanners, cath labs and linear accelerators to C-arms, mammography machines, ultrasound systems, anaesthesia machines and heart valves, most of which were earlier brought in from outside.

The chairman of the board cited the Jan Vishwas Act as a reform that has rationalised that many compliances, and placed it alongside the ease of doing business measures and the creation of state level traders' welfare boards as the main steps taken for the trading community.