Thursday 4 December 2025
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Economy

State Bank of India (SBI)

♦ State Bank of India (SBI) and Bank of India (BoI), have signed a Memorandum of Understanding (MoU) to work together on a Centre of Excellence in Strategic Partnership. This collaboration aims to strengthen leadership and expertise in project financing across India while encouraging innovation and teamwork in the banking sector.

♦ The Centre of Excellence is basically a shared workspace and knowledge hub where experts from both banks collaborate. It operates on three main ideas.​

♦ First is co-financing. Bank of India and SBI will jointly fund big projects. Second is strengthening the brand. Third is training people. 

Posted Date: December 2, 2025

Economy

The Gross Goods and Services Tax (GST)

♦ The Gross Goods and Services Tax (GST) collections for the 2025 November came in at over Rs 1.70 lakh crore. Official provisional figures indicate total Gross GST revenue reached Rs.1,70,276 crore in November 2025, rising 0.7% from Rs. 1,69,016 crore in November 2024.

♦ For April-November 2025, cumulative gross collections increased to Rs.14,75,488 crore, demonstrating robust 8.9% yearly growth.

♦ November's Net GST revenue amounted to Rs.1,52,079 crore, showing 1.3% yearly growth. The year-to-date net revenue reached Rs.12,79,434 crore, growing 7.3% annually.

♦ The Gross Domestic Revenue stood at Rs.1,24,300 crore in November 2025, compared to Rs.1,27,281 crore previously.

Posted Date: December 1, 2025

Reserve Bank Governor Sanjay Malhotra

Reserve Bank Governor Sanjay Malhotra released the National Strategy for Financial Inclusion: 2025-30 on 1 December 2025. The framework, as approved by the Sub-Committee of the Financial Stability and Development Council, lays down five strategic objectives towards elevating the state of financial inclusion in the country.

♦ According to an official press release, these Panch-Jyoti and a menu of 47 action points to achieve them, include improving the availability and use of equitable, responsible, suitable, and affordable bouquet of financial services to achieve financial safety and financial security for households and micro enterprises. It also aims to adopt a  gender-sensitive approach for women-led financial inclusion and differentiated strategies for improving financial resilience of households, especially for the underserved and vulnerable segments.

Posted Date: December 1, 2025

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