Page-2 of Economy & Banking Current Affairs
CtrlS Announces AI Factory and Opens Patna Data Centre
CtrlS Datacenters inaugurated a ₹400-crore data centre in Patna, Bihar, on 13 October 2026, and announced a proposed ₹10,000-crore, 150 MW hyperscale AI factory in Bodh Gaya. The...
SEBI Proposes Monitoring Agency for All Public Issues
On 13 October 2026, the Securities and Exchange Board of India (SEBI) proposed making the appointment of a monitoring agency mandatory for every public issue, irrespective of issue...
Bank of America Faces $1.21 Billion in US Penalties
On 13 October 2026, US authorities announced penalties exceeding 1.21 billion against Bank of America for anti-money laundering and sanctions violations. Regulators said the bank failed to report...
NLMC Raises ₹366.33 Crore in RINL Land E-Auction
The National Land Monetization Corporation (NLMC) raised ₹366.33 crore on 12 October 2026 by auctioning land parcels owned by Rashtriya Ispat Nigam Limited (RINL). The first phase sold...
NPCI Defers Proposed UPI Merchant Fee Until After Diwali
The Unified Payments Interface (UPI) is an instant payment system operated by the National Payments Corporation of India (NPCI). As of 13 October 2026, NPCI had deferred the...
Bangladesh and China Sign Mongla Port Expansion Loan
On 10 October 2026, Bangladesh signed a concessional loan agreement worth $335.78 million with China’s Export-Import Bank to expand and modernise Mongla Port. The loan is equivalent to...
SEBI Introduces Credit Risk-o-Meter for Debt Securities
The Securities and Exchange Board of India (SEBI) mandated a colour-coded Credit Risk-o-Meter for specified debt securities through a circular dated 7 October 2026. The meter presents credit...
Hall and Woodford Win 2026 Economics Nobel
American economists Robert E. Hall and Michael Woodford received the 2026 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel on 12 October 2026. The Royal...
British Firms Announce £1 Billion in India-UK JETCO Deals
The 16th meeting of the India-UK Joint Economic and Trade Committee (JETCO) was held in New Delhi on 12 October 2026. Union Minister Piyush Goyal and UK Secretary...
GE Aerospace Plans to Nearly Double India Sourcing by 2030
GE Aerospace announced on 12 October 2026 that it plans to raise its annual sourcing spend from India to about 400 million by 2030, from roughly 200 million...
Paradip Port Sets Single-Day Coal Loading Record
The Mechanised Coal Handling Plant (MCHP) of the Paradip Port Authority (PPA) loaded 1,40,022 metric tonnes of coal on 10 October 2026. The coal was loaded onto two...
