Banking and RBI
RBI excludes advances against FCNR(B) and NRE term deposits from ANBC for priority sector targets
7 August 2026 (carried forward) | Reserve Bank of India
The RBI issued the Priority Sector Lending (Targets and Classification) Second Amendment Directions, 2026 on 7 August 2026. Advances against fresh FCNR(B) deposits of three to five years mobilised between 8 June and 30 September 2026, and against NRE term deposits of three years or more mobilised between 19 June and 30 September 2026, are excluded from Adjusted Net Bank Credit (ANBC).
The Directions follow the FCNR(B) swap facility announced in the Governor's Statement of 5 June 2026 and the CRR and SLR exemptions on such deposits.
Key facts- Issued: 7 August 2026
- FCNR(B) window: 8 June to 30 September 2026
- NRE term deposit window: 19 June to 30 September 2026
- Effect: advances excluded from ANBC
Exam takeaway: ANBC is the base on which priority sector targets are computed.
Quick revision: PSL Second Amendment Directions: FCNR(B) and NRE advances excluded from ANBC (RBI, 7 August 2026).
Reserve Bank of India original sourceAppointments, Awards and Important Days
Manoj Kumar Dwivedi takes charge as NDMC Chairperson
7 August 2026 (reported 8 August) | Daily Pioneer (media report; primary page not read)
The Daily Pioneer reported that Manoj Kumar Dwivedi, a 1997 batch IAS officer of the AGMUT cadre, assumed charge as Chairperson of the New Delhi Municipal Council on Friday (7 August 2026).
He succeeded Keshav Chandra, who has been appointed Secretary in the Ministry of Coal. Chandra had led NDMC from November 2024 to July 2026.
Key facts- New NDMC Chairperson: Manoj Kumar Dwivedi
- Batch and cadre: 1997, AGMUT
- Predecessor: Keshav Chandra
- Predecessor's new post: Secretary, Ministry of Coal
Exam takeaway: NDMC is the New Delhi Municipal Council.
Quick revision: Manoj Kumar Dwivedi is NDMC Chairperson (Daily Pioneer, 8 August 2026).
Daily Pioneer (media report; primary page not read) original sourceAppointments, Awards and Important Days
Air India appoints Tewolde Gebremariam as CEO and Managing Director
8 August 2026 | eGlobal Travel Media (media report; primary page not read)
eGlobal Travel Media reported that the Air India Board announced the appointment of Tewolde Gebremariam as Chief Executive Officer and Managing Director, succeeding Campbell Wilson.
The report said a Board committee led the search, evaluating internal and external candidates.
Key facts- New Air India CEO and MD: Tewolde Gebremariam
- Succeeds: Campbell Wilson
- Announced by: Air India Board
- Reported on: 8 August 2026
Exam takeaway: Appointment questions often pair the person with the predecessor.
Quick revision: Air India names Tewolde Gebremariam CEO (eGlobal Travel Media, 8 August 2026).
eGlobal Travel Media (media report; primary page not read) original source