The banking and financial landscape is constantly evolving, with significant developments affecting regulatory bodies, financial institutions and the broader economy. For candidates preparing for banking and regulatory exams, it is important to stay updated on the recent developments. This comprehensive compilation of highlights from the banking sector from December 2024 provides valuable insights into key reports, rankings and initiatives. Highlights include key global and national updates, reports from renowned organizations and trends shaping the financial ecosystem. Download the PDF for detailed understanding of these topics and boost your exam preparation.
Special highlights in banking sector
December 2024 saw notable developments in the banking and financial sector, which shaped economic policies and global rankings. From the steady growth in India’s remittance inflows to important reports from NITI Aayog, the World Bank and S&P Global, these highlights underline India’s strong economic position. Additionally, initiatives like Sugamya Bharat Abhiyan and updates on cyber security and manufacturing developments add to the country’s progressive story.
Banking Sector Highlights, Download PDF
Access detailed highlights of the banking sector in consolidated PDF format – December 2024. This document covers key insights from reports, rankings and initiatives that are important for candidates preparing for banking and regulatory examinations. Download now for a deeper understanding of the latest trends.
Banking Sector Highlights: Click Here to Download PDF
Main features of banking sector
The above PDF contains the following reports/news in detail:
- SBI ERD Report: The Economic Research Department (ERD) of the State Bank of India released its latest report, which provides insights into macroeconomic trends, policy implications and financial sector performance.
- 9 years of Accessible India Campaign: Marking nine years of accessibility progress, the Sugamya Bharat Abhiyan initiative has transformed infrastructure and services to promote inclusivity for persons with disabilities.
- ICRA ESG Rating Report: India ranks sixth globally, with 127 companies committed to the net-zero target. UK tops report highlighting corporate sustainability efforts.
- SIPRI report on Indian arms manufacturers: Indian defense manufacturers are among the top 100 globally, reporting revenues of US$6.7 billion in 2023, showing a growth of 6%.
- NITI Aayog’s “Trade Monitoring Quarterly”: NITI Aayog launches a new publication providing detailed information on India’s trade performance, policy updates and future trade scenarios.
- International Debt Report 2024: The report analyzed global debt levels, highlighting challenges and potential strategies for debt sustainability, focusing on developing economies.
- S&P Global Ratings Report: The “India Outlook to 2025” projected strong growth for India despite global economic uncertainties, emphasizing its resilience and investment potential.
- India Skills Report 2025: The 12th edition of ISR, themed ‘Global Talent Mobility – India’s Decade’, explored the trends in India’s skill development and talent readiness for the global stage.
- FAO Soil Assessment Report: FAO released its first comprehensive report on the ‘Global situation of salt-affected soils’, highlighting soil degradation and its impact on agriculture.
- WHO global drowning prevention report: The WHO report highlighted the worrying trend in deaths due to drowning and stressed the need for preventive measures, especially in developing countries.
- PHDCCI GSDP Growth Analysis: PHD Chamber of Commerce and Industry examined post-Covid Gross State Domestic Product (GSDP) trends, identified growth drivers and challenges across states.
- Bloomberg’s Richest Families 2024: The Walton family leads the ranking, while the Ambani family has taken the 8th position, demonstrating their global influence and wealth.
- Forbes 2024 Powerful Women: Three Indian women were listed in Forbes’ 2024 World’s 100 Most Powerful Women, reflecting India’s growing prominence in global leadership.
- List of IDFC First and Hurun India Entrepreneurs: The report highlights India’s top self-made entrepreneurs who demonstrate innovation, business acumen and contribution to the economy.
- Safe Housing Initiative of NITI Aayog: NITI Aayog has proposed a blueprint for transforming worker housing under the Safe Housing Scheme to boost manufacturing growth.
- Mobile malware attack reports: India has emerged as the top global target for mobile malware attacks, as a cybersecurity report highlights vulnerabilities and prevention strategies.
- World Bank Remittance Report: India topped the global remittance charts with inflows of $129 billion in 2024, underscoring its role as a major contributor to the global economy.
- Mumbai-Delhi flight routes: It was ranked as the world’s 8th busiest domestic flight route in 2024, reflecting the growing demand for connectivity between India’s financial and political centres.
- India State Forest Report 2023: ISFR 2023 revealed positive trends in India’s forest cover and biodiversity conservation as well as the need to address areas of concern.
- IPBES Nexus Report: The report addressed challenges such as pollution and biodiversity loss while proposing actionable solutions for developing countries, including India.
- Key Features of ASUSE 2023-24: The annual survey of unincorporated non-agricultural enterprises highlights employment generation and economic trends in India’s non-agricultural sector.
