Daily Current Affairs — 7 September 2026 — Banking
**2 stories for Banking today**, across Agriculture & Rural and Economy. Leading today: Ranvaji Mahotsav gives women's savings groups market access
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**2 stories for Banking today**, across Agriculture & Rural and Economy. Leading today: Ranvaji Mahotsav gives women's savings groups market access
Ranvaji Mahotsav provides women's savings groups with market access for their products. Organised under the Rural Development Department, the festival runs for three days.
The Prime Minister cited India's 7.8 percent quarterly growth and said a Japanese credit rating agency had upgraded India's rating in the same period. In the speech, published by PIB on 05 SEP 2026, he said electricity production increased by 9 percent and vehicle sales grew by more than 20 percent between April and June. He added, "Growth in steel and cement consumption increased by 8 percent."
**5 stories for Banking today**, across Schemes, Awards, Polity and Banking & Financial. Leading today: BARTI to provide Rs 10,000 to eligible SC examination qualifiers
President of India Droupadi Murmu conferred National Awards on teachers from across the country. The function took place in New Delhi on September 5, 2026.
The National Commission for Scheduled Castes (NCSC) ordered an inquiry under Article 338 into alleged denial of reservation benefits to Scheduled Caste candidates in recruitment for 1,013 Lecturer posts notified by the Punjab Education Department. A notice directs the Chief Secretary of Punjab to submit case facts, action taken and related records within seven days of receipt.
Dr. Babasaheb Ambedkar Research and Training Institute (BARTI) will provide Rs 10,000 to Scheduled Caste candidates from Maharashtra who passed Maharashtra Public Service Commission (MPSC) State Services Main Examination 2025. The maximum age is 35 years.
Dr. Dinesh Sharma has been appointed Lt. Governor of Andaman and Nicobar Islands by the President of India. The appointment takes effect from the date he assumes charge of his office.
Coastal Local Area Bank Limited has been included in the Second Schedule to the Reserve Bank of India Act, 1934. The notification is dated July 28, 2026 and was published in the Gazette of India (Part III - Section 4) dated August 11, 2026.
**17 stories for Banking today**, across Awards, Schemes, Economy, International, Sci & Tech, Environment and Health. Leading today: Maharashtra teachers receive National Teacher Award 2026 from President Murmu
VISHWAS, 2026, launched by the Government of India, lets employers settle long-pending disputes through reduced penalties. Penalties per month are 0.25% for delays up to 2 months, 0.50% for 2 to 4 months and 1% beyond 4 months. The one-time scheme remains open until 28 December 2026.
Vice President of India C. P. Radhakrishnan launched the India Valve Registry at India Valves 2026 in Chennai. The collaborative multicentre initiative is designed to collect real-world data on transcatheter valve interventions across India, aiming to strengthen India-specific clinical evidence and improve patient care.
The Vice-President inaugurated the Advanced Instrumentation Facility at the Sophisticated Analytical Instrument Facility/Central Instrumentation Laboratories (SAIF/CIL), Panjab University, Chandigarh, and the Panjab University Tech Innovation Forum (PU-TIF). The five installed instruments are Atomic Force Microscope, Raman Spectrometer, DNA Sequencer, Flow Cytometer and FTIR Spectrometer.
Nine teachers from Maharashtra received the National Teacher Award 2026 from President Droupadi Murmu at Vigyan Bhavan, New Delhi. The ceremony marked Teachers' Day.
President of India Droupadi Murmu conferred National Awards on teachers from across the country in New Delhi on Teachers' Day, September 5, 2026. Teachers' Day recognises teachers' contribution to society and is a day to pay homage to Dr. S. Radhakrishnan.
National Commission for Protection of Child Rights (NCPCR) and State authorities rescued over 3,800 children during the Pan-India Rescue and Rehabilitation Campaign, held from 12 June to 31 August 2026. The campaign targeted children engaged in child labour and those vulnerable to trafficking and exploitation. Over 575 FIRs were registered during the campaign.
The National Biodiversity Authority (NBA) has crossed ₹200 crore in cumulative Access and Benefit-Sharing (ABS) disbursements. The NBA has sanctioned ₹8.23 crore in ABS proceeds to 27 State Biodiversity Boards and 5 Union Territory Biodiversity Councils.
Government loan targets over the next five years are ₹10 lakh crore for Self-Help Groups (SHGs) and ₹1 lakh crore for individual women members. Union Minister Shivraj Singh Chouhan reviewed SHG-bank linkages and enterprise financing under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM) in Mumbai. The meeting directed a helpline for SHG members facing bank-loan difficulties. The Prime Minister reiterated a commitment to increase Lakhpati Didis from three crore to six crore.
Talcher Fertilisers Limited and NTPC Limited have applied for the Scheme for Promotion of Surface Coal/Lignite Gasification Projects, the Ministry of Coal clarified on 05 SEP 2026. The Union Cabinet approved the scheme on 13 May 2026 with a total financial outlay of ₹37,500 crore. It aims to convert domestic coal and lignite into higher-value products, including syngas, methanol, ammonia and urea.
Team India won 4 Gold, 3 Silver, and 2 Bronze medals at the 19th International Earth Science Olympiad (IESO), competing against participants from 39 countries. Held under the aegis of the International Geoscience Organisation, the event ran in Turin, Italy, from August 20 to 27, 2026. Union Minister Dr. Jitendra Singh felicitated the Team India schoolchildren.
Finished steel production grew 3.8 percent to 68.1 Mt in Apr–Aug 2026, against 65.6 Mt in the corresponding period last year. The Ministry of Steel published the data on 03 SEP 2026.
The India–European Union (EU) Free Trade Agreement (FTA) would scrap or reduce tariffs on more than 95 per cent of Indian and European goods exports. The India–Belgium High-Level Dialogue on the India–EU Free Trade Agreement (FTA) was held in Mumbai.
Government e Marketplace (GeM) and the Textiles Committee signed a Memorandum of Understanding to promote recycled and upcycled textile products through public procurement. It was signed in Mumbai during the 62nd Foundation Day celebrations of the Textiles Committee. The collaboration aims to turn textile waste into value-added products for Government buyers through GeM.
The Corporate Mitra Course has commenced with 2879 learners registered in its first batch, under the guidance of the Ministry of Corporate Affairs (MCA). The course has a total duration of 12 months. The Government of India announced the Corporate Mitra initiative in the Union Budget 2026-27 to provide affordable professional support to Micro, Small and Medium Enterprises (MSMEs).
The Government approved the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 on 5 May 2026. It aims to facilitate additional credit flow of up to ₹2.55 lakh crore. It covers MSMEs, eligible non-MSME business borrowers and scheduled passenger airline companies. The scheme is operational until 31 March 2027, or until guarantees amounting to ₹2.55 lakh crore are issued, whichever is earlier.
The Common Research and Technology Development Hub (CRTDH) on Affordable Healthcare at IIT Kharagpur has entered its sustainable phase. Established in 2019 under the CRTDH Scheme of the Department of Scientific and Industrial Research, it meets operational costs through user fees, industry sponsorships and translational partnerships. It has facilitated over 20 technology transfers, many already commercialised.
CIL supplied 322.90 million Tonnes (MT) of coal during April–August of the current fiscal, 6.70% higher than the 302.60 MT supplied during the corresponding period last year. Supplies to the power sector in August 2026 rose 4.5% to 48.46 MT compared to August 2025.
**1 story for Banking today**, across Schemes. Leading today: 18.45 lakh trained, 12.35 lakh placed under DDU-GKY
PIB released a review of DDU-GKY implementation progress on 04 AUG 2026. Since the scheme's launch in 2014-15, 18.45 lakh rural poor have been trained and 12.35 lakh youth have been provided paid employment across various sectors of the economy. A review meeting on DDU-GKY implementation was held on 04.08.2026 under the chairmanship of State Minister Pemmassani Chandrasekhar, who reviewed the progress of DDU-GKY 2.0 and key digital reforms.
**3 stories for Banking today**, across Banking & Financial. Leading today: RBI issues Interest Rate on Deposits Amendment Directions, effective October 1, 2026
The Reserve Bank of India released the full Treasury Bills auction result for July 29, 2026. The 91-day bill cut off at an implicit yield of 5.3402 per cent, the 182-day at 5.5977 per cent and the 364-day at 5.7393 per cent. Notified amounts were ₹9,000 crore, ₹8,000 crore and ₹7,000 crore respectively, and the full notified face value of each tenor was accepted.
The 1-year median marginal cost of funds based lending rate (MCLR) of scheduled commercial banks rose to 8.60 per cent in July 2026 from 8.50 per cent in June, while the weighted average lending rate on fresh rupee loans stood at 8.53 per cent in June 2026. The weighted average domestic term deposit rate on fresh rupee deposits was 5.99 per cent that month. The figures cover scheduled commercial banks excluding regional rural banks and small finance banks.
The Reserve Bank of India has issued its final Interest Rate on Deposits Amendment Directions, 2026, which come into effect from October 1, 2026. The directions span six categories of banks — commercial, small finance, regional rural, payment, local area and urban co-operative banks. They follow a draft the RBI released on June 5, 2026, that proposed greater flexibility for banks in pricing their Rupee bulk deposits while ensuring uniformity in disclosure of interest rates on deposits.