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Daily Current Affairs
29th Jan 2025

29th Jan 2025
BANKING & FINANCE
Securities and Exchange Board of India Launches Dharohar: A Digital Tribute to India’s
Securities Market Legacy
 On January 26, 2025, during the 76th Republic Day celebrations, the Securities and
Exchange Board of India (SEBI) unveiled Dharohar - Milestones in the Indian
Securities Market, a comprehensive digital knowledge repository.
 This initiative chronicles the vibrant history of India’s securities market, spanning
over 150 years of organized trading and highlighting its evolution into a diverse and
dynamic ecosystem.
Key Highlights:
 Dharohar is a state-of-the-art repository designed to serve a broad audience—

students, investors, researchers, journalists, market participants, and the general
public. It features:
 Interactive Timelines of pivotal moments in the market's history.
 3D Galleries for a visually engaging exploration of market milestones.
 Over 3,000 Assets, including historic newspaper clippings, share certificates,
regulations, interviews with industry leaders, videos, infographics, and committee
reports.
 The platform provides an immersive and educational experience, offering valuable
insights into the market’s diverse products, participants, and institutions.
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29th Jan 2025
 Dharohar is not static; it is a living repository expected to grow continually with fresh
content, ensuring users gain access to the latest and most relevant information
about India’s securities market.
 SEBI has expressed gratitude to the many contributors who made this initiative
possible, including former chairpersons, whole-time members, scripophilists, market
infrastructure institutions, and industry experts.
 This initiative reflects SEBI's dedication to preserving the rich legacy of India’s
securities market while fostering greater awareness and understanding among
diverse stakeholders.
 By documenting key milestones, Dharohar stands as a testament to the market’s
growth and resilience, celebrating its contribution to the nation’s economic journey.
 Dharohar is freely accessible online at Transform Your Investments with "Traditional
Wisdom" Using "Modern Tools."
About SEBI :
 Established : 12 April 1988 as an executive body and was given statutory powers on
30 January 1992 through the SEBI Act, 1992
 Headquarters : Mumbai, Maharashtra
 Chairman : Madhabi Puri Buch (first woman to lead the SEBI)
 SEBI is the regulatory body for securities and commodity markets in India under the
ownership of the Ministry of Finance (MoF), GoI.
Reserve Bank of India announces steps to inject liquidity in banking system
29th Jan 2025
 The Reserve Bank of India (RBI) announced measures to provide relief to India's
banking system by injecting liquidity.
 This includes purchasing government securities (G-Secs) worth ₹60,000 crore
through open market operations (OMOs) in three tranches of ₹20,000 crore each.
 These auctions will take place on 30 January, 13 February, and 20 February.
 Through this initiative, RBI aims to purchase G-Secs from the open market, thereby
injecting liquidity into the system.
 Additionally, the RBI will conduct a 56-day variable rate repo (VRR) auction worth
₹50,000 crore on 7 February and a dollar-rupee sell swap auction of $5 billion for a
six-month tenor on 31 January.
 The VRR auction is designed to ensure sufficient liquidity to meet the needs of banks
until 31 March.
 Under the dollar-rupee swap, RBI will buy dollars from banks in exchange for rupees,
injecting rupees into the system, and then sell the dollars back after six months.
 These measures come in response to an average liquidity deficit that crossed ₹3
trillion last week, largely due to heavy GST outflows.
 The RBI has been actively intervening in the forex market to prevent excessive
volatility in the rupee.
 However, the currency has depreciated significantly since September, as foreign
portfolio investors aggressively sold Indian stocks and bought dollars to repatriate
funds.
 These measures, collectively worth ₹1.5 trillion, aim to stabilize the liquidity situation
and set the stage for a potential interest rate cut next week.
What is Open Market Operations?
 Open market operations refer to the selling and purchasing of the treasury bills and
government securities by the central bank of any country in order to regulate money
supply in the economy.
Recent News:
 In January 2025, The Reserve Bank of India (RBI) approved the establishment of the
National Urban Cooperative Finance and Development Corporation (NUCFDC) to
29th Jan 2025
support Urban Cooperative Banks (UCBs) in improving operational efficiency,
technological adoption, and financial stability.
About RBI :
 Established : 1 April 1935
 Headquarters : Mumbai, Maharashtra, India
 Governor : Sanjay Malhotra
Ratnakar Bank Limited & Piramal Finance partner to offer Co-Lending Business
 Ratnakar Bank Limited (RBL Bank), a private sector bank, and Piramal Capital and
Housing Finance (Piramal Finance), a subsidiary of Piramal Enterprises Limited,
have announced a strategic co-lending partnership.
 The collaboration focuses on providing loans to middle- and low-income borrowers in
rural and semi-urban regions.
 This is Piramal Finance’s third co-lending partnership, following similar
collaborations with Axis Bank and the Central Bank of India.
Key Highlights:
 The partnership combines RBL Bank’s financial expertise and a network of over
2,000 touchpoints with Piramal Finance’s advanced loan processing technology
(‘High Tech + High Touch’) and 508 branches across 13,000 pin codes.
 Together, they aim to address the credit gap for MSMEs, home loan borrowers, and
underserved communities in Tier 2 and Tier 3 cities.
 The collaboration seeks to leverage Piramal Finance’s technology-driven credit

assessment tools and RBL Bank’s rigorous underwriting practices to deliver
competitive interest rates and tailored lending solutions.
29th Jan 2025
 Serving 1.3 million active customers across 26 states, the partnership aspires to
bridge the credit gap for borrowers in the unorganised sector and expand access to
credit in India’s emerging markets, driving growth in rural and semi-urban regions.
About RBL Bank:
 Founded: 1943
 Headquarters: Mumbai, Maharashtra, India
 Managing Director & CEO: R. Subramaniakumar
 Tagline: "Apno ka Bank"
About Piramal Capital and Housing Finance:
 Headquarters: Mumbai, Maharashtra, India
 MD: Jairam Sridharan
New fixed deposit schemes launched in January 2025: Interest rate of SBI, IDBI Bank,
PNB, Bank of Baroda new FD schemes
 In the face of intense competition for deposits, many big banks such as State Bank
of India (SI), IDBI Bank, Punjab National Bank, Bank of Baroda have introduced new
schemes and enhanced fixed deposit (FD) products, offering higher returns, greater
flexibility, and tailored options for specific customer segments in January 2025.
Bank Schemes and Interest Rates:
Bank Scheme Key Features Interest Rate

Name Name
29th Jan 2025
State Har Ghar Pre-calculated Interest rate varies
Bank of Lakhpati RD recurring deposit to between 7% to 7.5%
India Scheme accumulate ₹1 lakh
(SBI) or its multiples;
Open to minors
State SBI Patrons Exclusive for super Up to 7.6% for a tenure of
Bank of FD senior citizens (80+ 2-3 years (super senior
India years); Additional citizens)
(SBI) 0.10% interest over
senior citizen rates
Punjab Two new 303 days and 506 303 days: 7% (general
Nationa tenures days tenure citizens); 506 days: 6.7%
l Bank introduced introduced (general citizens); Senior
(PNB) citizens: additional 0.50%
IDBI IDBI Limited-period 8.05% for 555 days;
Bank Chiranjeevi- Utsav FD scheme Other options: 375 days:
Super Senior for super senior 7.90%, 444 days: 8.00%,
Citizen FD citizens; Flexible 700 days: 7.85%
tenures with
attractive rates
Bank of BoB Liquid Allows partial Highest rate: 7.30% for
Baroda Fixed Deposit withdrawals without 400 days (Utsav Deposit
(BoB) closing the entire Scheme); Senior citizens:
deposit; Reduces additional 0.50%
premature
withdrawal
penalties; Ensures
liquidity with
competitive rates
29th Jan 2025
Slice to rebrand as Slice Small Finance Bank
 Slice, a prominent fintech company, will be rebranded as Slice Small Finance Bank
Limited (Slice SFB) following its merger with North East Small Finance Bank
(NESFB).
 This merger, which has received key regulatory approvals, including a No Objection
Certificate (NOC) from the Reserve Bank of India (RBI), marks the creation of India's
first fintech bank.
 The finalization of the merger will occur once all regulatory and compliance
requirements are met, paving the way for nationwide expansion.
Key Highlights:
 Slice SFB plans to broaden its reach beyond the Northeast.
 The bank aims to expand across both physical and digital channels, with plans to
serve customers through branches, experience centers, and the Slice app.
 The first three cities targeted for expansion outside the Northeast are Bengaluru,
Mumbai, and Delhi.
 Slice SFB is expected to introduce a variety of financial products, including agri
loans, MSME loans, payroll management services, and others.
 The bank will also focus on increasing customer deposits, expanding in the
consumer and merchant banking segments.

 To support its expansion, Slice SFB plans to hire across various roles to strengthen
branch operations and customer service capabilities.
29th Jan 2025
 Additionally, the bank will ramp up its digital presence to support infrastructure and
enhance customer engagement.
 Post-merger, Slice SFB's net worth stands at ₹912.58 crore, with a capital to risk-
weighted assets ratio (CRAR) of 23.67%.
 The Net Non-Performing Assets (NNPA) ratio has improved from 6.69% to 4.62%,
showcasing an improvement in asset quality.
 In October 2024, Slice received approval from the National Company Law Tribunal
(NCLT) for its merger with NESFB, marking a significant step in its journey toward
becoming a fintech bank.
About Slice fintech company:
 Headquarters: Bengaluru, Karnataka, India.
 CEO: Rajan Bajaj
United Payments Interface (UPI) dominates digital payments, sees 83% growth over five
years
 The United Payments Interface (UPI) has become the dominant platform in India’s
digital payments ecosystem, capturing 83% of the total payment volume by the end
of 2024, a significant rise from 34% in 2019, according to the Reserve Bank of India
(RBI) Payments System Report.
 UPI's transaction volume surged from 375 crore in 2018 to 17,221 crore by 2024,
contributing to a total digital payments volume of 20,787 crore transactions.
 The value of UPI transactions also saw a remarkable jump from ₹5.86 lakh crore
(US$ 67.71 billion) in 2018 to ₹246.83 lakh crore (US$ 2,852 billion) in 2024,
reflecting an extraordinary compounded annual growth rate (CAGR) of 89.3% in
volume and 86.5% in value over five years.
29th Jan 2025
 Simultaneously, the share of other payment systems such as Real-Time Gross
Settlement (RTGS), National Electronic Funds Transfer (NEFT), Immediate Payment
Service (IMPS), and card-based payments dropped to just 17%.
 India's overall payment ecosystem has experienced unprecedented growth, with the
total transaction value rising from ₹1,775 lakh crore (US$ 20,510 billion) in 2019 to
₹2,830 lakh crore (US$ 32,701 billion) in 2024.
 Retail digital payments alone grew nearly 100 times over the past 12 years, reaching
16,416 crore transactions in FY25.
 The RBI’s Digital Payment Index also highlighted this growth, increasing from a base
of 100 in March 2018 to 445.50 in March 2024.
 Mr. T. Rabi Sankar, Deputy Governor of RBI, attributed this success to continuous
innovation and regulatory support, which have positioned India's payment systems
among the most modern globally.
 Over the past five years, digital payments recorded a five-year CAGR of 45.9% in
volume and 10.2% in value, underscoring India’s ongoing digital transformation.
About UPI:
 Unified Payments Interface (UPI) is a real-time payment system that enables
seamless and instant money transfers between bank accounts using mobile devices.
It allows users to transfer funds, pay bills, and make purchases without needing to
remember bank account details.
 Established Year: 2016
 Developed by: National Payments Corporation of India (NPCI)
Reserve Bank of India supersedes board of Aviom India Housing Finance due to
governance concerns
29th Jan 2025
 The Reserve Bank of India (RBI) has superseded the board of Aviom India Housing
Finance Private Limited due to the company's inability to meet payment obligations
and concerns about governance practices.
 As part of its intervention, the RBI has appointed Ram Kumar, a former CGM of
Punjab National Bank, as the Administrator of the New Delhi-based company.
 The RBI also indicated that it would soon initiate bankruptcy proceedings against the
housing finance company (HFC).
 This decision comes following a recommendation from the National Housing Bank
(NHB).
 The RBI stated that the appointment of Kumar was intended to ensure that Aviom
India Housing Finance adheres to proper financial and governance standards while
protecting the interests of its stakeholders.
 The RBI further announced that it would file an application with the New Delhi bench
of the National Company Law Tribunal (NCLT) to appoint Kumar as the insolvency
resolution professional (IRP).
 Aviom India Housing Finance primarily caters to low-income households in semi-
urban areas and provides loans to women borrowers who lack formal income
documentation.
 In November 2024, the company informed its creditors that a forensic audit,
conducted by the NHB, uncovered fraudulent transactions during an inspection.
 These findings could lead to financial restatements, significantly impacting the

company's ability to raise capital and exacerbating its liquidity challenges.
About Aviom India Housing Finance:
29th Jan 2025
 Headquarters: New Delhi, India
 Founded: 2008
Reserve Bank of India Tightens Vigil on peer-to-peer (P2P) Lending Platforms After
Revising Guidelines
 The Reserve Bank of India (RBI) has increased its scrutiny of peer-to-peer (P2P)
lending platforms, sending an 18-point questionnaire to 8 prominent financial
technology companies in the P2P space, including LiquiLoans, Monexo, i2iFunding,
and IndiaP2P.
 This follows the RBI's revision of P2P lending norms in August 2024.
Key Aspects of the RBI's Questionnaire:
 Compliance with Updated P2P Guidelines: The questionnaire aims to assess how
well the companies adhere to the revised P2P lending norms, specifically focusing
on the T+1 timeline for fund transfers.
29th Jan 2025
 Operational Details: Companies were asked to provide a visual representation of the
flow of funds, snapshots of advertisements for P2P loan products, and details about
cross-selling practices.
 Regulatory Compliance: The RBI has raised concerns about:
o Non-disclosure of Losses: Some NBFC-P2Ps have failed to disclose losses
incurred by lenders, which the RBI has flagged.
o Improper Loan Disbursement: Complaints have emerged alleging that loans
were disbursed without prior approval from lenders.
o Escrow Account Violations: Companies are required to report funds that
exceeded the T+1 limit for escrow account transfers, as of December 15,
2024.
 The RBI aims to ensure that P2P firms are in full compliance with its updated
guidelines, especially in areas such as fund transfer processes, loan approval
mechanisms, and the marketing of P2P products.
 In its inquiry, the RBI also requests clarification on whether P2P products are being
marketed as lending or investment products.
 The P2P lending sector currently has 26 licensed players, but only 10–11 are
actively operating.
 The total assets under management (AUM) in the sector stand at ₹11,000 crore.
 The industry has raised concerns about the T+1 mandate for clearing funds in
escrow accounts, requesting the RBI to reconsider it.
What Is Peer-to-Peer (P2P) Lending?
 Peer-to-peer (P2P) lending makes it possible for individuals to obtain loans directly
from other individuals, without going through a bank or other financial institution.
 P2P lending is also known as "social lending" or “crowd lending".
Residential Mortgage-Backed Securitisation Development Company Limited Receives
Reserve Bank of India Certificate of Registration to Commence Operations
29th Jan 2025
 RMBS Development Company Limited (RDCL) received the Certificate of
Registration (CoR) from the Reserve Bank of India (RBI) on January 23, 2025,
enabling it to commence operations.

 National Housing Bank (NHB), a statutory body under the Government of India,
established RDCL as its single largest shareholder, supported by a diverse mix of
29th Jan 2025
investors, including Banks, Housing Finance Companies (HFCs), Non-Banking
Financial Companies (NBFCs), and Insurance Companies.
 The Company aims to act as a commercially sustainable market intermediary to
facilitate the growth of the Residential Mortgage-Backed Securitisation (RMBS)
market in India.
 This operationalization will create investment avenues for long-term institutional
investors such as Insurance Companies, Pension Funds, and Provident Funds,
contributing to market confidence and development.
Key Activities of RDCL:
 Investing in RMBS issuances.
 Providing second loss credit enhancements.
 Supporting liquidity.
 Promoting standardized processes and documentation.
 Engaging in other market development activities.
 A well-developed RMBS market is expected to serve as a reliable complement to
existing funding sources for Primary Lending Institutions. Over the past five years,
individual housing loans outstanding have grown from ₹17.95 lakh crore as of March
31, 2019, to ₹33.19 lakh crore as of March 31, 2024, reflecting a CAGR of 13.1%,
with further growth anticipated.
 The paid-up capital of RDCL is ₹500 crore, and its Registered Office is located in
Mumbai. The Company is scheduled to begin operations in March 2025.
Investment Announcements Soar 39% in FY25: State Bank of India Report
29th Jan 2025
 The total investment announcements stood at ₹32.01 lakh crore in the nine months
this fiscal (FY25), marking a 39% increase from ₹23 lakh crore in the same period
last fiscal, reflecting a positive investment outlook, the government stated on January
26, 2025, citing a recent report by the State Bank of India (SBI).
29th Jan 2025
 The private sector played a dominant role, contributing nearly 70% of these
announcements in FY25, compared to 56% in FY24, reflecting strong corporate
confidence.
 As of March 2024, the gross block of Indian corporates reached ₹106.50 lakh crore,
up from ₹73.94 lakh crore in March 2020, with an annual average addition of more
than ₹8 lakh crore over the last five years.
 Furthermore, capital work in progress stood at ₹13.63 lakh crore in March 2024,
showcasing robust ongoing project development.
 Household Net Financial Savings (HNFS) improved to 5.3% of GDP in FY24 from
5% in FY23, while savings in physical assets increased from 12.9% of GDP in FY23
to 13.5% in FY24.
 Investment as a share of GDP has also improved in recent years, driven by
contributions from both the government and private sectors.
 Government investment reached 4.1% of GDP in FY23, the highest since FY12,
while private corporate investment rose to 11.9% of GDP in FY23, its highest level
since FY16, and is projected to further increase to 12.5% in FY24, reflecting
improved business sentiment.
 India’s external commercial borrowings (ECBs) have also seen significant
developments, with total outstanding ECBs reaching $190.4 billion as of September
2024.
 By November 2024, total ECB registrations stood at $33.8 billion, with nearly half of
the amount directed toward the import of capital goods, modernisation, local capital
expenditure, and new projects.
Recent News:
 In January 2025, The State Bank of India (SBI) launched a fully digital, TAB-based
onboarding process for NRIs to open NRE and NRO accounts.
NATIONAL NEWS
India's Participation at FITUR 2025: A Strategic Push for Tourism Growth from Spain and
Latin America
29th Jan 2025
 The Ministry of Tourism, Government of India, participated in FITUR 2025, one of
the leading travel fairs held in Madrid, Spain, from January 22-26, 2025.
 This global exhibition serves as a crucial platform for positioning India as a prime
travel destination for Spain and Latin America, marking a key step in boosting
inbound tourism from these regions.
 Key Highlights:
 Inauguration of the India
Pavilion:
o The Incredible India
pavilion was
inaugurated by H.E.
Shri Dinesh K.
Patnaik,
Ambassador of India
to Spain, on January
22, 2025.
o The ceremony was
attended by officials
from the Ministry of
Tourism, State
governments, and
co-exhibitors.
 Indian Delegation and Participation:
o Over 23 co-exhibitors participated, representing State Governments of
Karnataka, Sikkim, Chhattisgarh, and Jharkhand, among others.
o The pavilion showcased India’s diverse tourism products and experiences,
including cultural heritage, wildlife sanctuaries, spiritual destinations, and
traditional dance forms.

 Highlighting Unique Destinations:
29th Jan 2025
o The pavilion emphasized Prayagraj as a spiritual and cultural hub, spotlighting
the significance of the Maha Kumbh festival.
o India’s rich cultural and natural heritage was prominently displayed, appealing
to travelers seeking authentic and unique experiences.
 Spain's Growing Interest in India:
o Spain ranks among the top 20 tourist-generating markets for India.
o In 2023, 70,000 Spanish tourists visited India, nearly doubling the number
from 2022.
 Dual Year of Culture, Tourism, and AI:
o The year 2026 will celebrate the 70th year of diplomatic relations between
India and Spain, designated as the Dual Year of Culture, Tourism, and
Artificial Intelligence.
 Chalo India Initiative:
o The Ministry of Tourism launched the ‘Chalo India Initiative’ to encourage the
Indian diaspora to promote tourism.
o Indian diaspora members can register on the Chalo India portal
(www.chaloindia.gov.in) to receive a referral code and invite 5 non-Indian
friends to visit India.
THDC India Achieves Milestone with COD of Khurja Super Thermal Power Plant (KSTPP)
 THDC India Limited (THDCIL), a Mini-Ratna Public Sector Enterprise, has marked a
significant achievement in India's power sector with the Commercial Operation Date
(COD) of Unit #1 of the 1320 MW Khurja Super Thermal Power Plant (KSTPP),
announced on January 25, 2025.
 This milestone reinforces the
company's commitment to
enhancing India’s power
generation capacity and
contributing to the country's

journey toward energy self-
29th Jan 2025
reliance.
 Key Highlights of the Achievement:
 COD Declaration:
o The Commercial Operation Date (COD) for Unit #1 (660 MW) of KSTPP was
declared at midnight on January 25, 2025.
o The plant has successfully completed its synchronization with the grid, full
load testing (660 MW), and 72-hour trial run on full load.
 Project Significance:
o The Khurja STPP project is a significant step for THDCIL, traditionally focused
on hydropower, but now showing expertise in thermal power.
o This achievement highlights THDCIL’s diverse capabilities and contributes to
India’s Sustainable Energy future.
 Flue Gas De-sulphurization (FGD) System:
o The plant integrates a unique Flue Gas De-sulphurization (FGD) system to
control emissions, particularly Sulphur Dioxide (SO₂), improving air quality and
reducing the environmental impact of fossil fuel usage.
o The FGD system was completed in a record time, underscoring the efficiency
of the project team.
 Contribution to Energy Supply:
o Upon COD, the Khurja STPP will supply electricity to Uttar Pradesh (64.7%),
Rajasthan (21.3%), Uttarakhand (3.9%), and Unallocated regions (10.1%),
stabilizing and boosting the electricity grid.
 Future Projects and Role in National Energy Sector:
 THDCIL is also overseeing major ongoing projects, including:
o 1000 MW Tehri Pumped Storage Plant
o 444 MW Vishnugad Pipalkoti Hydro Electric Project
 THDCIL, a subsidiary of NTPC, continues to play a pivotal role in strengthening
India's energy infrastructure and contributing to economic growth and energy

security.
STATE NEWS
29th Jan 2025
Haryana Chief Minister inaugurates 324 new creche centres on completion of 100 days of
government
 Haryana Chief Minister Nayab Singh Saini inaugurated 324 crèches across the
state, aimed at assisting working women and providing a safe environment for their
children.
 All women Sarpanches will now serve as brand ambassadors of their villages to
accelerate the 'Beti Bachao, Beti Padhao' campaign.
 Under the 'Bima Sakhi Yojana,' women will earn a monthly salary along with
insurance commissions and additional incentives.
 The 'Har Ghar-Har Grihini Yojana' provides gas cylinders to 13.24 lakh poor families
for only ₹500 per month.
 The honorarium for Anganwadi workers and assistants has been increased by ₹750
and ₹400, respectively.
 The 'Lakhpati Didi Yojana' aims to empower 5 lakh women by supporting micro-
enterprises, with 1.85 lakh women already benefiting from the scheme.
 Drone pilot training will be provided to 5,000 women under the 'Namo Drone Didi'
vision, with 100 women already receiving free drones worth ₹8 lakh each.
Recent News:
29th Jan 2025
 In December, 2024 the Haryana Steelers achieved a historic milestone by clinching
their first-ever Pro Kabaddi League (PKL) title.
About Haryana:
 Chief Minister: Nayab Singh Saini
 Governor: Bandaru Dattatreya
 Capital: Chandigarh
 National Parks: Sultanpur National Park, Kalesar National Park
 Wildlife Sanctuaries: Bhindawas Wildlife Sanctuary, Kalesar Wildlife Sanctuary,
Nahar Wildlife Sanctuary
Telangana government begins disbursal of Rythu Bharosa benefits
 The Rythu Bharosa scheme is one of the four welfare programmes launched on
Republic Day, January 26, alongside the Indiramma Housing Scheme, Indiramma
Atmeeya Bharosa Scheme, and the issuance of new ration cards.
 On the first day, 6,15,677 people across 563 villages benefited from these schemes.
 Under the Rythu Bharosa scheme, the government disbursed Rs 569 crore to
4,41,911 farmers in 577 villages, covering 9,48,333 acres of cultivable land. Farmers
receive Rs 6,000 per acre per season as crop investment support, and the scheme
will continue disbursements until March 31.
29th Jan 2025
 Through the Indiramma Aatmeeya Bharosa Scheme, the government credited Rs
10.91 crore into the accounts of 18,180 landless agriculture labourers, providing Rs
6,000 per season as financial assistance.
 The government issued 15,141 new ration cards in 531 villages, benefiting 51,912
families, and added 1.03 lakh members to existing ration cards. These beneficiaries
will start receiving rations from February.
 Under the Indiramma Housing Scheme, 72 houses were sanctioned.
 Due to the large number of applications for ration cards and Indiramma houses, the
government has extended the deadline until March, and officials are verifying
applications to finalise the list of beneficiaries.
Recent News:
 In January 2025, Telangana Secures ₹1.78 Lakh Crore Investments at WEF Davos
2025
About Telangana:
 Capital: Hyderabad
 Governor: Jishnu Dev Varma
 Chief Minister: Anumula Revanth Reddy
 National Parks: Kasu Brahmananda Reddy National Park, Mrugavani National Park,
Mahavir Harina Vanasthali National Park
 Wildlife Sanctuaries: Kawal Wildlife Sanctuary, Pocharam Wildlife Sanctuary, Manjira
Wildlife Sanctuary
Assam to develop Dibrugarh as second capital: Chief Minister Himanta Biswa Sarma's
Announcement
29th Jan 2025
 Assam Chief Minister Himanta Biswa Sarma announced that Dibrugarh, located 478
km east of Guwahati, will be developed into the state's second capital within the next
three years.
 This move is part of a larger plan to distribute administrative functions more evenly
across the state, enhance development, and cater to the diverse population.
 It is also seen as an outreach strategy ahead of the upcoming assembly elections in
Assam.
 Historically, Shillong served as Assam's capital during the British colonial era until
Meghalaya became a separate state in 1972, after which Guwahati became the
capital in 1973.
 The Chief Minister made this announcement during the state government's official
Republic Day celebrations, which were held for the first time in Dibrugarh.
29th Jan 2025
 As part of the development, a permanent assembly building will be constructed in
Dibrugarh, with the foundation stone set to be laid on January 25, 2026.
 Starting in 2027, one annual assembly session will be held in the city, further
establishing it as a political hub.
Recent News:
 In January 2025, Assam launched the 1st phase of its Gunotsav 2025, a flagship
education evaluation program. The initiative aims to assess and improve the quality
of education for 14.11 lakh students across the state.
About Assam:
 Chief Minister: Himanta Biswa Sarma
 Governor: Lakshman Prasad Acharya
 Capital: Dispur
 National Parks: Kaziranga National Park, Manas National Park, Dibru-Saikhowa
National Park
 Wildlife Sanctuaries: Pobitora Wildlife Sanctuary, Orang National Park, Bura-Chapori
Wildlife Sanctuary, Nameri Wildlife Sanctuary
Uttarakhand Government Implements Uniform Civil Code; Chief Minister Releases Rules
and Launches Portal
29th Jan 2025
 Uttarakhand becomes the first state in India to implement the Uniform Civil Code
(UCC), aiming to standardise personal laws across all religions, ensuring equality
and constitutional rights for all citizens, especially women.
Key Features:
o Statewide Application: Applies to the entire state of Uttarakhand and its
residents, even those living outside the state.
o Scheduled Tribes and certain protected communities are exempt.
o UCC Portal: A newly launched portal (ucc.uk.gov.in) allows online registration
for civil services and provides easy access to UCC-related legal information.
 Portal Features:
o Available in Hindi and English, and accessible in 23 languages.
o Services include live-in relationship registration, certificate downloading and
verification.
 Marriage Provisions under UCC:
o Legal Age: 21 years for men, 18 years for women.
o Prohibited Practices: Bans on polygamy and the practice of halala.
o Mandatory Marriage Registration: All marriages must be registered within 60
days, with extended registration time for those before March 26, 2010, or
outside Uttarakhand.
 Divorce Provisions: Grounds for divorce are identical for both husbands and wives,
promoting gender equality.
 Broader Implications: The implementation of UCC is seen as a step towards gender
equality and secularism, but it also raises concerns about its potential impact on
cultural and religious diversity.
Recent News:
 In December 2024, Uttarakhand, known as Devbhoomi, is set to become a global
yoga hub with India’s first dedicated Yoga Policy.
About Uttarakhand:
 Chief Minister: Pushkar Singh Dhami
 Governor: Gurmit Singh
29th Jan 2025
 Capital: Dehradun
 National Parks: Jim Corbett National Park, Nanda Devi National Park, Rajaji National
Park, Gangotri National Park, Valley of Flowers National Park
 Wildlife Sanctuaries: Kedarnath Wildlife Sanctuary, Askot Wildlife Sanctuary, Binsar
Wildlife Sanctuary, Govind Wildlife Sanctuary, Sonanadi Wildlife Sanctuary, Nandi
Devi Wildlife Sanctuary
BUSINESS NEWS
Indian Automobile Exports Surge by 19% in 2024: Strong Growth Across Segments
 India’s automobile exports have experienced a 19% YoY growth in 2024, with total
exports reaching 50,98,810 units, up from 42,85,809 units in 2023, according to data
from the Society of Indian Automobile Manufacturers (SIAM).
 The surge is largely
attributed to increased
demand from emerging
markets such as Latin
America and Africa.
 Key Highlights:
 Overall Growth:
o Total automobile
exports grew by
19% YoY,
reaching
50,98,810 units in
2024.
o The growth was
fueled by strong
demand across two-wheelers, passenger vehicles, and commercial vehicles.
 Passenger Vehicle Exports:

o Increased by 10%, totaling 7,43,976 units in 2024, up from 6,77,956 units in
2023.
29th Jan 2025
o Utility vehicle exports saw a significant rise of 33%, reaching 3,23,621 units.
o Van exports rose by 14%, amounting to 8,207 units.
o Passenger car exports fell by 4%, totaling 4,12,148 units.
 Two-Wheeler Exports:
o Two-wheeler exports grew by 23%, reaching 39,77,162 units.
o Motorcycle exports rose by 24% to 33,97,586 units.
o Scooter exports increased to 5,73,230 units, and moped exports saw a
significant surge of 89%, totaling 6,346 units.
 Commercial Vehicle Exports:
o Increased by 6%, reaching 72,511 units.
 Three-Wheeler Exports:
o Three-wheeler exports grew by 2%, totaling 2,98,235 units.
APPOINTMENTS & RESIGNATIONS
Lukashenko secures 7th term as president of Belarus
29th Jan 2025
 Alexander Lukashenko has been reelected president of Belarus, securing a 7th five-
year term.
 According to preliminary results from the Central Election Commission cited by the
state news agency Belta, Lukashenko won 86.82% of the vote in the presidential
election held on January 26, 2025.
 His closest rival, Sergei Syrankov, received 3.21%, followed by Oleg Gaidukevich
with 2.02%, Anna Kanopatskaya with 1.86%, and Alexander Khizhnyak with 1.74%.
 Under Belarusian law, a candidate must secure over 50% of the vote to win the
presidency.
 The election commission is expected to release final results by Feb. 5.
 Over 6.9 million citizens were eligible to vote, and early voting took place from Jan.
21-25.
 Nearly 500 international observers were accredited to monitor the election.
 Lukashenko has been in office since 1994, when he won Belarus's first presidential
election.
About Belarus:
 Capital: Minsk
 Currency: Belarusian ruble (BYN)
 President: Alexander Lukashenko
 Prime Minister: Roman Golovchenko
Sridhar Vembu steps down as Chief Executive Officer of Zoho Corporation
29th Jan 2025
 Sridhar Vembu, co-founder and Chief Executive Officer of Zoho Corp, will step down
from his role as CEO and take on a new position as Chief Scientist.
 In this role, he will focus on deep R&D initiatives.
 Shailesh Kumar Davey, another co-founder, will take over as the new Group CEO of
Zoho Corp.
 Vembu stated that the decision was driven by the rapid developments in Artificial
Intelligence (AI) and his desire to focus on R&D and his rural development mission.
 Vembu believes the future of the company depends on how well it navigates the AI
challenge.
 Vembu acknowledged that AI is a huge opportunity and challenge for tech
companies.
 He emphasized the importance of reinventing the company to adapt to the AI era.

Other Appointments:
 Tony Thomas will lead Zoho US.
 Rajesh Ganesan will head the ManageEngine division.
 Mani Vembu will lead the Zoho.com division.
About Zoho:
 Zoho Corp was founded in 1996 as AdventNet with a focus on network

management.
 In 2009, it rebranded to Zoho Corporation.
29th Jan 2025
 Zoho is headquartered in Chennai, Tamil Nadu, India.
AWARDS AND HONOURS
Shri Hariman Sharma: The Apple Man of India Honored with Padma Shri
 Shri Hariman Sharma, a pioneering farmer from Himachal Pradesh, has been
awarded the prestigious Padma Shri (2025) for his revolutionary contributions to
Indian agriculture.
 Known as the Apple Man of India, Shri Sharma developed the HRMN-99 apple
variety, transforming apple farming by enabling cultivation in tropical and subtropical
regions.
 Key Highlights
 Journey and Background
 Birthplace: Paniala, Bilaspur, Himachal Pradesh.
 Orphaned in childhood, he pursued education up to matriculation and developed a
passion for farming and pomology.
 Overcame numerous challenges to innovate
and contribute significantly to agriculture.
 Innovation: HRMN-99 Apple Variety
 Developed in 1998 by planting seeds from
discarded apples in his backyard.
 Thrives in warm climates with temperatures
between 40–45°C and at elevations as low as
1,800 feet.
 Unique Features:
 Self-pollinating with a low chilling requirement.
 Produces up to 75 kg of fruit per plant
annually.
 Fruits have soft, juicy pulp and a striped red-
over-yellow skin.
 Expansion and Recognition
29th Jan 2025
 Validation: Supported by the National Innovation Foundation (NIF) in collaboration
with ICAR, KVKs, and agricultural universities.
 Widespread Cultivation: Now grown in 29 states and UTs, including regions like
Bihar, Maharashtra, Karnataka, and the Northeast.
 Planted at Rashtrapati Bhavan and promoted for large-scale adoption.
 Over 1 lakh saplings planted across northeastern states, significantly enhancing
farmer livelihoods.
 Awards and Achievements
 Padma Shri (2025) for exceptional contributions to Indian agriculture.
 National Award (2017) during the 9th National Biennial Grassroots Innovation
Awards.
 National Innovative Farmer Award (2016).
 IARI Fellow Award (2017) and Kisan Vaigyanik Upadhi by ICAR (2017).
 Represented India at the 4th ASEAN India Grassroots Innovation Forum (2023) in
Malaysia.
Doordarshan Honored for Electoral Campaigns on Voter Awareness
 Doordarshan, India’s national broadcaster, has been recognized with an award in
the Electronic Media category for its exemplary Voter Awareness and Education
Campaign during the Lok Sabha Elections 2024.
 The campaign,
highlighted by the
impactful series
“Chunav Ka Parv
Desh Ka Garv”,
played a pivotal role
in fostering an
informed and active
citizenry.
 President Droupadi Murmu presented the award to Doordarshan’s Director-General
Kanchan Prasad during the Republic Day 2025 celebrations.
29th Jan 2025
 Key Highlights
 Award Category
 Recognized in the Electronic Media category for voter awareness campaigns.
 Recognition for Series
 Highlighting the special series “Chunav Ka Parv Desh Ka Garv”, aired during the Lok
Sabha Elections 2024.
 Presented By
 Award received by Kanchan Prasad, Director-General of Doordarshan, from
President Droupadi Murmu.
 Campaign Coverage
 Produced and broadcast 30 voter education short films.
 Disseminated content in multiple languages through DD National, DD India, and DD
News channels.
 Designed advertisements to inspire voter participation, particularly targeting first-time
voters.
 Reached remote areas across the country, ensuring wide accessibility.
SPORTS NEWS
New Zealand’s Melie Kerr: Winner of the Rachael Heyhoe Flint Trophy
 Melie Kerr, the dynamic all-rounder from New Zealand, emerged as the standout
performer in women’s cricket, securing the Rachael Heyhoe Flint Trophy (ICC
Women’s Player of the Year 2024).
29th Jan 2025
 Kerr’s exceptional all-
round performance,
including her
explosive batting and
lethal leg-spin
bowling, was pivotal
in New Zealand’s
maiden victory in the
ICC Women’s T20
World Cup 2024.
 Key Achievements and Highlights
 Rachael Heyhoe Flint Trophy 2024
 Kerr became the first New Zealander to win the Rachael Heyhoe Flint Trophy and
the ICC Women’s Cricketer of the Year Award.
 Performance in ICC Women’s T20 World Cup 2024
 Player of the Tournament and Player of the Match in the final.
 Set a record with 15 wickets, the highest in a single Women’s T20 World Cup.
 Instrumental in New Zealand’s maiden title victory:
o Scored 43 runs off 38 balls in the final.
o Took 3 wickets for 24 runs, including two key wickets in one over that shifted
the momentum.
 Melie Kerr’s Year in Numbers
 In ODIs:
o Scored 264 runs (average: 33).
o Took 14 wickets.
 In T20Is:
o Scored 387 runs (average: 24.18).
o Took 29 wickets, setting a national record for most wickets in a single

calendar year.
 Other Achievements
29th Jan 2025
 Played a stabilizing role in New Zealand’s batting lineup.
 Dismissed top-order batters like Laura Wolvaardt and Anneke Bosch in the World
Cup final.
About ICC
 Headquarters: Dubai, United Arab Emirates
 Founded: 15 June 1909
Jannik Sinner Clinches Third Grand Slam Title at Australian Open 2025
 Jannik Sinner has successfully defended his Australian Open title, defeating
Alexander Zverev 6-3, 7-6(4), 6-3 in the men's singles final.
 With this victory, Sinner not only
retained his crown but also made
history by becoming the first Italian
player to win three Grand Slam titles,
surpassing the legendary Nicola
Pietrangeli, who had secured back-to-
back wins at the French Open in
1959-60.
 Key Highlights:
 Victory: Jannik Sinner defeated Alexander Zverev in straight sets, securing his third
Grand Slam title and his second Australian Open win in as many years.
 Historic Achievement: By clinching his third major title, Sinner became the first Italian
to accomplish this feat, moving ahead of Nicola Pietrangeli in the Grand Slam tally.
 Match Overview: Sinner dominated the match with his clinical execution and
suffocating pressure on Zverev. The German's efforts were thwarted by a
combination of unlucky breaks and Sinner's sharp play.
 Decisive Moments:
o Sinner broke Zverev’s serve in the sixth game of the first set.
o A lucky net cord in the second-set tiebreaker worked in Sinner’s favor, helping
him win the second set.
29th Jan 2025
o The final set saw Zverev falter, with a missed forehand sealing the match for
Sinner.
BOOKS AND AUTHOR
Soumitra Chatterjee: The Legacy of Apu and Beyond
 Soumitra
Chatterjee,
the
legendary
Bengali
actor, poet,
artist, and
theatre
personality,
has left an indelible mark on Indian cinema, especially through his memorable
collaborations with Satyajit Ray in timeless classics like Apur Sansar and Sonar
Kella.
 It was published by Penguin India Vintage books
 His influence extends beyond the silver screen, as he was also a poet, artist, and
theatre personality deeply woven into Bengal’s cultural fabric.
 The newly released biography, Soumitra Chatterjee and His World by Sanghamitra
Chakraborty aims to explore the multifaceted aspects of his life and career, revealing
new dimensions of the icon’s personality.
 Key Aspects of Soumitra Chatterjee’s Life
 Early Life and Influences
 Born: Soumitra Chatterjee’s childhood was deeply impacted by the Bengal famine of
1943 and the communal riots surrounding India’s independence.
 These formative experiences shaped his lifelong commitment to communal harmony
and social justice.

 Mentors
 Chatterjee was deeply influenced by three key figures in his life:
29th Jan 2025
o Rabindranath Tagore, whom he admired profoundly for his literary and
cultural contributions.
o Shishir Bhaduri, a legendary figure in Bengali theatre.
o Satyajit Ray, with whom he worked on 14 films, cementing their iconic
collaboration.
 Cinema and Theatre
 Chatterjee’s collaboration with Satyajit Ray is legendary, with standout performances
in:
o The World of Apu (Apur Sansar)
o The Golden Fortress (Sonar Kella)
o The Elephant God
o The Goddess
o The Lonely Wife
o The Home and the World
 Beyond films, he contributed significantly to Bengali theatre, poetry, and even
editing, showcasing his artistic versatility.
OBITUARY
Latika Katt: Prominent Indian Sculptor Passes Away At 76
 Renowned sculptor Latika Katt passed away on January 25 in Jaipur at the age of
76.
29th Jan 2025
 Known for her exceptional skills in stone carving, metal casting, and bronze
sculpting, Katt's work was deeply inspired by human anatomy and nature.
 She had earned recognition for her detailed and emotional sculptures, with her
works showcased at prestigious venues such as the Paris Biennale, Museum of
Modern Art, and National Gallery of Modern Art in Delhi.
About Latika Katt:
 Born on February 20, 1948, Katt graduated from the Doon School in Dehradun and
later attended Baroda College of Art and the Maharaja Sayajirao University of
Baroda.
 She earned a research scholarship from the Slade School of Art, London.
 Her father's influence, a botanist, played a significant role in shaping her love for
nature.
 Inspired by Auguste Rodin, she adopted the naturalism technique in her sculptures.
 In the 1970s, she gained attention for using cow dung as a medium due to financial
constraints.
 This caught the eye of then-Prime Minister Indira Gandhi, who encouraged her to
pursue professional sculpting.
 Katt also served as the Head of the Department of Fine Arts at Jamia Millia Islamia
and taught at Banaras Hindu University.
 Some of her most notable works include a 20-foot bronze sculpture of Jawaharlal
Nehru, depicting him releasing pigeons into the sky, and her artwork ‘Makarsankranti
Nahan at Dashaswamedh Ghat’, which won the Beijing Art Biennale Award in 2010.
 Throughout her career, she exhibited her work in national and international
exhibitions, earning numerous accolades.
Daily CA One-Liner: January 29
 The Ministry of Tourism, Government of India, participated in FITUR 2025, one of
the leading travel fairs held in Madrid, Spain, from January 22-26, 2025.
 THDC India Limited (THDCIL), a Mini-Ratna Public Sector Enterprise, has marked a
significant achievement in India's power sector with the Commercial Operation Date
29th Jan 2025
(COD) of Unit #1 of the 1320 MW Khurja Super Thermal Power Plant (KSTPP),
announced on January 25, 2025
 India’s automobile exports have experienced a 19% YoY growth in 2024, with total
exports reaching 50,98,810 units, up from 42,85,809 units in 2023, according to data
from the Society of Indian Automobile Manufacturers (SIAM).
 Shri Hariman Sharma, a pioneering farmer from Himachal Pradesh, has been
awarded the prestigious Padma Shri (2025) for his revolutionary contributions to
Indian agriculture.
 Doordarshan, India’s national broadcaster, has been recognized with an award in
the Electronic Media category for its exemplary Voter Awareness and Education
Campaign during the Lok Sabha Elections 2024.
 Melie Kerr, the dynamic all-rounder from New Zealand, emerged as the standout
performer in women’s cricket, securing the Rachael Heyhoe Flint Trophy (ICC
Women’s Player of the Year 2024).
 Jannik Sinner has successfully defended his Australian Open title, defeating
Alexander Zverev 6-3, 7-6(4), 6-3 in the men's singles final.
 Soumitra Chatterjee, the legendary Bengali actor, poet, artist, and theatre
personality, has left an indelible mark on Indian cinema, especially through his
memorable collaborations with Satyajit Ray in timeless classics like Apur Sansar and
Sonar Kella.
 On January 26, 2025, during the 76th Republic Day celebrations, the Securities and
Exchange Board of India (SEBI) unveiled Dharohar - Milestones in the Indian
Securities Market, a comprehensive digital knowledge repository.
 The Reserve Bank of India (RBI) announced measures to provide relief to India's
banking system by injecting liquidity. This includes purchasing government securities
(G-Secs) worth ₹60,000 crore through open market operations (OMOs) in three
tranches of ₹20,000 crore each.
 Ratnakar Bank Limited (RBL Bank), a private sector bank, and Piramal Capital and
Housing Finance (Piramal Finance), a subsidiary of Piramal Enterprises Limited,
have announced a strategic co-lending partnership.
29th Jan 2025
 In the face of intense competition for deposits, many big banks such as State Bank
of India (SI), IDBI Bank, Punjab National Bank, Bank of Baroda have introduced new
schemes and enhanced fixed deposit (FD) products, offering higher returns, greater
flexibility, and tailored options for specific customer segments in January 2025.
 Slice, a prominent fintech company, will be rebranded as Slice Small Finance Bank
Limited (Slice SFB) following its merger with North East Small Finance Bank
(NESFB).
 The United Payments Interface (UPI) has become the dominant platform in India’s
digital payments ecosystem, capturing 83% of the total payment volume by the end
of 2024, a significant rise from 34% in 2019, according to the Reserve Bank of India
(RBI) Payments System Report.
 The Reserve Bank of India (RBI) has superseded the board of Aviom India Housing
Finance Pvt Ltd due to the company's inability to meet payment obligations and
concerns about governance practices.
 The Reserve Bank of India (RBI) has increased its scrutiny of peer-to-peer (P2P)
lending platforms, sending an 18-point questionnaire to 8 prominent financial
technology companies in the P2P space, including LiquiLoans, Monexo, i2iFunding,
and IndiaP2P.
 RMBS Development Company Limited (RDCL) received the Certificate of
Registration (CoR) from the Reserve Bank of India (RBI) on January 23, 2025,
enabling it to commence operations.
 The total investment announcements stood at ₹32.01 lakh crore in the nine months
this fiscal (FY25), marking a 39% increase from ₹23 lakh crore in the same period
last fiscal, reflecting a positive investment outlook, the government stated on January
26, 2025, citing a recent report by the State Bank of India (SBI).
 Haryana Chief Minister Nayab Singh Saini inaugurated 324 crèches across the
state, aimed at assisting working women and providing a safe environment for their
children.
29th Jan 2025
 The Rythu Bharosa scheme is one of the four welfare programmes launched on
Republic Day, January 26, alongside the Indiramma Housing Scheme, Indiramma
Atmeeya Bharosa Scheme, and the issuance of new ration cards.
 Assam Chief Minister Himanta Biswa Sarma announced that Dibrugarh, located 478
km east of Guwahati, will be developed into the state's second capital within the next
three years.
 Uttarakhand becomes the first state in India to implement the Uniform Civil Code
(UCC), aiming to standardise personal laws across all religions, ensuring equality
and constitutional rights for all citizens, especially women.
 Alexander Lukashenko has been reelected president of Belarus, securing a 7th five-
year term.
 Sridhar Vembu, co-founder and Chief Executive Officer of Zoho Corp, will step down
from his role as CEO and take on a new position as Chief Scientist.
 Renowned sculptor Latika Katt passed away on January 25 in Jaipur at the age of
76.

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Daily Current Affairs

29th Jan 2025

BANKING & FINANCE

Securities Market Legacy

Exchange Board of India (SEBI) unveiled Dharohar - Milestones in the Indian

Securities Market, a comprehensive digital knowledge repository.

 Dharohar is a state-of-the-art repository designed to serve a broad audience—

 Interactive Timelines of pivotal moments in the market's history.

 3D Galleries for a visually engaging exploration of market milestones.

 Over 3,000 Assets, including historic newspaper clippings, share certificates,

regulations, interviews with industry leaders, videos, infographics, and committee

 The platform provides an immersive and educational experience, offering valuable

insights into the market’s diverse products, participants, and institutions.

about India’s securities market.

possible, including former chairpersons, whole-time members, scripophilists, market

infrastructure institutions, and industry experts.

securities market while fostering greater awareness and understanding among

 By documenting key milestones, Dharohar stands as a testament to the market’s

 Dharohar is freely accessible online at Transform Your Investments with "Traditional

Wisdom" Using "Modern Tools."

30 January 1992 through the SEBI Act, 1992

 Headquarters : Mumbai, Maharashtra

 Chairman : Madhabi Puri Buch (first woman to lead the SEBI)

ownership of the Ministry of Finance (MoF), GoI.

Reserve Bank of India announces steps to inject liquidity in banking system

banking system by injecting liquidity.

 This includes purchasing government securities (G-Secs) worth ₹60,000 crore

 These auctions will take place on 30 January, 13 February, and 20 February.

injecting liquidity into the system.

six-month tenor on 31 January.

 These measures come in response to an average liquidity deficit that crossed ₹3

trillion last week, largely due to heavy GST outflows.

volatility in the rupee.

 However, the currency has depreciated significantly since September, as foreign

What is Open Market Operations?

supply in the economy.

National Urban Cooperative Finance and Development Corporation (NUCFDC) to

support Urban Cooperative Banks (UCBs) in improving operational efficiency,

technological adoption, and financial stability.

 Established : 1 April 1935

 Headquarters : Mumbai, Maharashtra, India

 Governor : Sanjay Malhotra

Housing Finance (Piramal Finance), a subsidiary of Piramal Enterprises Limited,

have announced a strategic co-lending partnership.

 The collaboration focuses on providing loans to middle- and low-income borrowers in

rural and semi-urban regions.

 This is Piramal Finance’s third co-lending partnership, following similar

collaborations with Axis Bank and the Central Bank of India.

2,000 touchpoints with Piramal Finance’s advanced loan processing technology

underserved communities in Tier 2 and Tier 3 cities.

 The collaboration seeks to leverage Piramal Finance’s technology-driven credit

competitive interest rates and tailored lending solutions.

About RBL Bank:

 Headquarters: Mumbai, Maharashtra, India

 Managing Director & CEO: R. Subramaniakumar

 Tagline: "Apno ka Bank"

About Piramal Capital and Housing Finance:

 Headquarters: Mumbai, Maharashtra, India

 MD: Jairam Sridharan