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

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 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.

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…

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

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 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 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.

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.

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 correct answer is that crude steel production grew by 8 per cent to 1.68 MT, against 1.55 MT in the corresponding period last year.

The Commerce and Industry Minister said India's trade with the European Union had already doubled over the last decade to nearly this figure, which is why the conclusion of the Free Trade Agreement matters so much to both sides.

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 release states plainly that the APPU works as a Regional Union of the UPU, which is the United Nations specialised agency for the postal sector.

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.

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.

The release says the second term will commence in January 2027 and continue until December 2030, which matches the four-year term the union works to.