3 September 2026Current Affairs & GK Compendium — September 2026

Daily Current Affairs & GK Compendium — 3 September 2026

Banking & NBFC Regulation: Reserve Bank of India (RBI) unveils a comprehensive five-point supervisory roadmap for NBFCs and HFCs, emphasizing governance, ALM, and cyber resilience.

Curated For:

Executive Briefing

High-level takeaways from today's compendium (PIB, The Hindu, Indian Express)

Banking & NBFC Regulation: Reserve Bank of India (RBI) unveils a comprehensive five-point supervisory roadmap for NBFCs and HFCs, emphasizing governance, ALM, and cyber resilience.
Clean Mobility: Ministry of Heavy Industries evaluates nationwide deployment under the Rs 10,900-crore PM E-DRIVE scheme, targeting 72,300 public EV charging stations.
Defence Indigenization: Successful flight trials conducted for the 'Khagantak-243' long-range precision glide bomb, boosting indigenous stand-off strike capabilities.
Central Banking: RBI appoints Suman Ray as Executive Director overseeing financial stability and supervision departments.

Objective One-Liners

Rapid-fire factual bullets tailored for SSC, Banking, Railways & State PSC Prelims

Total Financial Outlay of PM E-DRIVE Scheme: Rs 10,900 Crore.

Nodal Ministry Implementing PM E-DRIVE: Ministry of Heavy Industries.

Targeted Number of Public EV Charging Stations under PM E-DRIVE: 72,300 Stations.

Newly Appointed Executive Director of the RBI: Suman Ray.

Regulatory Architecture Governed by RBI for NBFCs: Scale-Based Regulation (SBR) Framework.

Minimum Capital Adequacy Ratio (CRAR) for Deposit-Taking NBFCs: 15%.

Name of the Indigenous Long-Range Precision Glide Bomb Tested: Khagantak-243.

Four Tiers of RBI Scale-Based Regulation: Base Layer, Middle Layer, Upper Layer, and Top Layer.

2-Minute Daily Revision Challenge

🎯 Test Your Recall

Check how much you remember from today's briefing with our high-yield 5 Practice MCQs & PYQs.

Economy, Banking, NBFCs and Financial Regulation

Topic AEconomy, Banking, NBFCs and Financial Regulation

RBI Outlines Five-Point Supervisory Roadmap for NBFCs and HFCs

Speaking at the 7th NBFC and HFC Summit in Mumbai, RBI Deputy Governor set out the supervisory expectations governing the non-banking financial sector.

Key Facts & Dimensions

Board-Level Corporate Governance: Strengthening independent risk committees and executive oversight.
Liquidity Risk & ALM: Mitigating asset-liability mismatches and enforcing High-Quality Liquid Assets buffers under Scale-Based Regulation.
Asset Quality & Provisioning: Early identification of stressed exposures and adherence to standardized NPA norms.
Fair Customer Conduct: Strict enforcement of Digital Lending Guidelines and transparent APR disclosures.
Cyber Resilience & IT Governance: Institutionalizing robust IT disaster recovery and business continuity frameworks.

Exam Takeaway & GS Relevance

UPSC GS-III (Indian Economy, Banking & Non-Banking Sector, Financial Stability) and Banking Awareness (RBI Grade B / SEBI Grade A).

Topic BEconomy, Banking, NBFCs and Financial Regulation

RBI Appoints Suman Ray as Executive Director

The Reserve Bank of India appointed Suman Ray as Executive Director, overseeing key supervisory departments.

Key Facts & Dimensions

Assumes oversight of supervisory functions to enforce regulatory compliance across banking and non-banking financial intermediaries.

Exam Takeaway & GS Relevance

Banking Awareness (IBPS/SBI PO/Clerk) and SSC CGL.

Industry, Clean Mobility and Green Energy Infrastructure

Topic AIndustry, Clean Mobility and Green Energy Infrastructure

PM E-DRIVE Scheme Progress Review: Rollout of 72,300 EV Charging Stations

The Ministry of Heavy Industries reviewed the operational execution of the PM Electric Drive Revolution in Innovative Vehicle Enhancement (PM E-DRIVE) scheme.

Key Facts & Dimensions

Fiscal Outlay: Operates with a total budgetary outlay of Rs 10,900 crore as the flagship successor to the FAME-II initiative.
Charging Infrastructure Focus: Targets installation of 72,300 public EV charging stations, allocating Rs 2,000 crore to eliminate range anxiety across expressways and cities.
Targeted Segments: Prioritizes electric two-wheelers (e-2W), three-wheelers (e-3W), e-ambulances, and 14,028 electric transit buses.

Exam Takeaway & GS Relevance

UPSC GS-III (Infrastructure, Renewable Energy, Green Mobility) and State PSCs.

Science, Technology, Defence and Aerospace

Topic AScience, Technology, Defence and Aerospace

Indigenous Long-Range Precision Glide Bomb 'Khagantak-243' Tested

Flight trials of the indigenous Khagantak-243 long-range precision glide bomb were conducted, demonstrating high-accuracy strike parameters.

Key Facts & Dimensions

Stand-Off Range: Capable of gliding over 100+ km when released from high altitude, keeping launch aircraft outside enemy air defence range.
Guidance System: Employs an integrated GPS/NavIC-aided Inertial Navigation System (INS) with terminal homing to neutralize hardened installations.

Exam Takeaway & GS Relevance

UPSC GS-III (Indigenization of Technology, Defence Systems) and Defence Exams (CDS/NDA/AFCAT).

Static GK Foundations

Essential background concepts and core static knowledge tied to today's news

Focus #1

Scale-Based Regulation (SBR) Framework for NBFCs

•Introduced by RBI in October 2021 (effective October 2022) to align regulation with systemic risk.
•Four-Tier Architecture: Base Layer (NBFC-BL, asset size < Rs 1,000 cr, P2P), Middle Layer (NBFC-ML, all deposit-taking and non-deposit taking >= Rs 1,000 cr), Upper Layer (NBFC-UL, top 25-30 systemic NBFCs), Top Layer (NBFC-TL, extreme systemic risk).
•Prudential Norms: Minimum CRAR of 15% for deposit-taking NBFCs; harmonized 90-day NPA recognition.

Focus #2

Comparative Analysis: PM E-DRIVE vs FAME-II

•FAME-II Scheme: Focused predominantly on consumer vehicle purchase subsidies.
•PM E-DRIVE Scheme: Notified in 2024 with Rs 10,900 crore outlay; prioritizes nationwide charging station infrastructure (Rs 2,000 crore) and mass commercial public transit electrification.

Focus #3

Precision Stand-Off Glide Weapons

•Stand-off weapons allow launch aircraft to evade enemy surface-to-air missile envelopes.
•Glide Kits: Aerodynamic wing kits and tail actuators convert free-fall unguided bombs into guided extended-range glide munitions.

2-Minute Daily Revision Challenge

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Check how much you remember from today's briefing with our high-yield 5 Practice MCQs & PYQs.

🎯 Daily Practice Flow

Daily Current Affairs MCQs & PYQs

5 High-Yield Questions • Instant Color Feedback & In-Depth Explanations

Progress

0 of 5 Answered

Q1PYQ • UPSC Civil Services Prelims

With reference to Non-Banking Financial Companies (NBFCs) in India, consider the following statements: 1. They cannot accept demand deposits. 2. They do not form part of the Payment and Settlement System and cannot issue cheques drawn on themselves. 3. Deposit insurance facility of Deposit Insurance and Credit Guarantee Corporation (DICGC) is available to depositors of NBFCs. Which of the statements given above are correct? (a) 1 and 2 only (b) 2 and 3 only (c) 1 and 3 only (d) 1, 2 and 3

Q2PYQ • UPSC Civil Services Prelims

In the context of government policies in India, the 'FAME' and 'PM E-DRIVE' schemes are primarily aimed at: (a) Expanding rural electrification through off-grid solar micro-grids (b) Promoting the manufacturing and fast adoption of electric and hybrid vehicles (c) Upgrading national highway corridors with smart electronic tolling systems (d) Supporting domestic manufacturing of semiconductors and optical fiber cables

Q3Daily MCQ • STANDARD

Under the Reserve Bank of India's Scale-Based Regulation (SBR) framework for NBFCs, consider the following statements: 1. All deposit-taking NBFCs, irrespective of their asset size, are classified under the Middle Layer. 2. The Top Layer is populated automatically whenever an NBFC crosses Rs 50,000 crore in asset size. 3. Deposit-taking NBFCs are mandated to maintain a minimum Capital to Risk-Weighted Assets Ratio (CRAR) of 15%. Which of the statements given above are correct?

Q4Daily MCQ • STANDARD

With reference to the PM E-DRIVE scheme implemented by the Ministry of Heavy Industries, consider the following statements: 1. It succeeds the FAME-II initiative with a total budgetary outlay of Rs 10,900 crore. 2. It allocates dedicated capital for the establishment of 72,300 public EV charging stations. 3. It provides consumer purchase subsidies exclusively for private luxury four-wheeler electric passenger cars. Which of the statements given above are correct?

Q5Daily MCQ • STANDARD

Executive Briefing

Objective One-Liners

🎯 Test Your Recall

Economy, Banking, NBFCs and Financial Regulation

RBI Outlines Five-Point Supervisory Roadmap for NBFCs and HFCs

Key Facts & Dimensions

RBI Appoints Suman Ray as Executive Director

Key Facts & Dimensions

Industry, Clean Mobility and Green Energy Infrastructure

PM E-DRIVE Scheme Progress Review: Rollout of 72,300 EV Charging Stations

Key Facts & Dimensions

Science, Technology, Defence and Aerospace

Indigenous Long-Range Precision Glide Bomb 'Khagantak-243' Tested

Key Facts & Dimensions

Static GK Foundations

Scale-Based Regulation (SBR) Framework for NBFCs

Comparative Analysis: PM E-DRIVE vs FAME-II

Precision Stand-Off Glide Weapons

🎯 Test Your Recall

Daily Current Affairs MCQs & PYQs

In defence technology, what distinguishes a 'precision glide bomb' from a conventional free-fall gravity bomb?