Goodmorning students, It’s Friday, July 25. We are covering some current affairs related to international news, banking news and more for exam preparation.
International News
1. China Builds World’s Largest Dam: China starts construction of $167 billion Motuo Hydropower Station on Yarlung Tsangpo River, raising geopolitical and environmental concerns in India and Bangladesh.
Banking News
2. Fino Bank Launches GATI Account: Fino Payments Bank introduces zero-balance digital savings account to boost UPI adoption in West Bengal with instant opening at 40,301 merchant points.
3. RBI Financial Inclusion Index Rises: RBI’s Financial Inclusion Index improves to 67.0 from 64.2 in FY25, reflecting success of government schemes and digital financial platforms.
4. RBI Conducts Surprise Liquidity Auction: RBI holds ₹50,000 crore VRR auction on July 23, 2025, accepting bids at 5.58% average rate to address tight liquidity conditions.
5. SBI Wins Global Banking Award: State Bank of India awarded World’s Best Consumer Bank 2025 by Global Finance magazine for digital innovation and AI-based personalization.
6. PSBs Flag ₹1.62 Trillion Defaults: Public Sector Banks identify 1,629 wilful defaulters with outstanding dues of ₹1.62 trillion as of March 31, 2025.
7. RBI Approves Warburg Pincus Investment: RBI clears Warburg Pincus to invest ₹4,876 crore in IDFC First Bank, acquiring up to 9.99% stake through preference shares.
Business News
8. India Remains Fastest-Growing Economy: Asian Development Bank forecasts India’s GDP growth at 6.5% in 2025 and 6.7% in 2026, driven by strong domestic demand and normal monsoon.
Defence News
9. New Pollution Control Vessel Launched: Indian Coast Guard launches ‘Samudra Prachet’ on July 23, 2025, final 4,170-tonne Pollution Control Vessel built by Goa Shipyard Ltd for maritime pollution control.
Award News
10. Mumbai Airport in World’s Top 10: Chhatrapati Shivaji Maharaj International Airport ranks among world’s top 10 international airports in Travel + Leisure World’s Best Awards 2025 for third consecutive year.
11. India’s Passport Ranking Jumps: India’s passport rises from 85th to 77th position in Henley Passport Index 2025, its biggest annual gain, with visa-free access to 59 countries.
Important Days News
12. International Day for Women and Girls of African Descent: Observed on July 25, emphasizing intersectional challenges faced by this community due to racism, sexism, and socio-economic bias.
13. World Drowning Prevention Day: Celebrated annually on July 25, addressing drowning prevention which kills over 236,000 people yearly, with 90% deaths in low-income countries.
14. International Day for Judicial Well-being: July 25 marks global observance declared by UN General Assembly to promote judicial wellness and quality justice delivery.
15. Income Tax Day: July 24 commemorates introduction of income tax in India in 1860, highlighting journey from colonial taxation to digital empowerment.