Daily Quiz — 23 Sep 2026

1. Q1.According to DBS Bank's forecast, what is the expected full-year FY27 GDP growth for India, and what are the primary headwinds cited?

   7.3% growth with tighter financial conditions, higher energy costs, and below-average monsoon7.8% growth with stable energy prices and normal monsoon patterns6.5% growth due to aggressive monetary tightening8.2% growth driven by strong export demand
   Explanation: DBS Bank explicitly forecasts 7.3% FY27 GDP growth down from 7.8% in FY26, citing tighter financial conditions, higher energy costs, and below-average monsoon as key headwinds affecting the second half.

2. Q2.Which former banking professional is being evaluated by the RBI as a candidate for HDFC Bank's MD and CEO position?

   Anup Bagchi from ICICI Prudential Life InsuranceSashidhar Jagdishan from ICICI BankRajesh Bansal from Axis BankVikram Limaye from NSE
   Explanation: The article clearly states that Anup Bagchi, currently MD and CEO of ICICI Prudential Life Insurance, is the frontrunner being evaluated by the RBI for the HDFC Bank leadership role, with the RBI seeking feedback on his three-year absence from mainstream banking.

3. Q3.What key change is the RBI making regarding UPI incentive payments and their replacement revenue source?

   Phasing out UPI subsidies with MDR revenue replacing incentive disbursementsIncreasing UPI subsidies to ₹5,000 crore annuallyMaintaining subsidy payments while introducing transaction taxesShifting subsidies exclusively to government-backed wallets
   Explanation: The article states that the Indian government is phasing out UPI subsidies, with no fresh incentive payments made since April 2025 despite budget allocation, as merchant discount rate (MDR) revenue now takes over as the primary monetisation mechanism for UPI.

4. Q4.According to the article on Bandhan Bank, by what year must the promoter reduce its stake to the RBI-mandated ceiling?

   2030202720282025
   Explanation: The article explicitly states that Bandhan Financial Services is gradually reducing its stake from 37.54% toward the RBI-mandated ceiling of 26% by 2030, ruling out any bulk sale.

5. Q5.What specific changes is SEBI proposing for derivatives settlement pricing on expiry days?

   Delinking settlement prices from cash-market closing and tightening Closing Auction Session rulesLinking all derivatives to spot market prices with extended trading hoursEliminating derivatives expiry settlement completelyUsing only volume-weighted average pricing for all derivatives
   Explanation: SEBI Chairman Tuhin Kanta Pandey signalled intent to reform the settlement price mechanism by delinking derivatives settlement prices from cash-market closing prices and tightening order-placement rules during the Closing Auction Session, as detailed in the consultation paper.

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