Current Affairs 11/11/2025
1. The Reserve Bank of India (RBI) held its 619th Central Board meeting in which city?
Answer : Udaipur
RBI’s 619th Central Board Meeting Held in Udaipur
The Reserve Bank of India (RBI) convened its 619th Central Board meeting in Udaipur, Rajasthan, marking another significant step in its ongoing efforts to assess and strengthen India’s economic and monetary framework. The meeting was chaired by RBI Governor Shaktikanta Das and attended by Deputy Governors, Central Board Directors, and senior officials of the central bank.
During the session, the Board reviewed the current macroeconomic and financial conditions, discussed the outlook for growth and inflation, and deliberated on key issues related to the banking and financial sector. The meeting also emphasized the importance of maintaining financial stability amid evolving global economic challenges.
Additionally, the RBI reaffirmed its commitment to monetary discipline, inflation management, and supporting inclusive growth through robust policy measures. Holding the meeting in Udaipur reflects the RBI’s practice of engaging with different regions of the country, ensuring that policy discussions are grounded in diverse economic perspectives.
This gathering underscores the RBI’s proactive approach in addressing both domestic and international financial developments to maintain India’s economic resilience.
2. What is the name of SBI’s newly launched annual employee excellence award?
Answer : SBI Star
SBI Launches “SBI Star” Annual Employee Excellence Award
The State Bank of India (SBI) has introduced a new annual recognition program called “SBI Star,” aimed at acknowledging and celebrating exceptional contributions by its employees. This prestigious award highlights the bank’s commitment to employee engagement, motivation, and performance excellence.
The SBI Star Award will be presented annually to individuals and teams who demonstrate outstanding leadership, innovation, customer service, and operational efficiency. Through this initiative, SBI seeks to reinforce a culture of excellence and continuous improvement across its vast network of branches and departments.
By launching this award, SBI emphasizes that its employees are the true strength behind its success and growth. The program not only recognizes their efforts but also inspires others to uphold the highest standards of professionalism and integrity.
This initiative aligns with SBI’s vision of being a progressive, people-driven financial institution, committed to nurturing talent and promoting a performance-oriented work environment across all levels of the organization.
3. Which bank has paused its plan to sell its majority stake in Nainital Bank Limited?
Answer : Bank of Baroda
Bank of Baroda Pauses Stake Sale in Nainital Bank Limited
The Bank of Baroda (BoB) has decided to pause its plan to sell its majority stake in Nainital Bank Limited, reflecting a strategic shift in its approach toward subsidiary management and long-term investment planning.
Initially, the move to divest was aimed at optimizing BoB’s portfolio and focusing on core business operations. However, after careful evaluation of market conditions, financial performance, and future growth prospects, the bank opted to retain its controlling interest in Nainital Bank. This decision highlights BoB’s confidence in the regional bank’s potential and its important role in serving customers, especially across Uttarakhand and neighboring northern states.
By retaining its stake, Bank of Baroda aims to strengthen synergies between the two institutions, enhance operational efficiency, and support Nainital Bank’s modernization and digital transformation efforts. The decision is aligned with BoB’s broader strategy of sustainable growth, value creation, and financial inclusion in the banking sector.
This development reinforces the bank’s commitment to maintaining a stable and resilient financial ecosystem, ensuring both entities continue to contribute effectively to India’s growing economy.
4. UPI transactions reached an all-time high of ₹27.28 lakh crore in value in which month?
Answer : October 2025
In October 2025, Unified Payments Interface (UPI) transactions in India reached an all-time high value of ₹27.28 lakh crore, marking a significant milestone in the nation’s digital payments journey. This record-breaking performance highlights the growing adoption of UPI as the preferred mode of payment across individuals, businesses, and government platforms.
According to data released by the National Payments Corporation of India (NPCI), UPI transactions not only surged in value but also witnessed remarkable growth in volume, demonstrating the increasing trust and convenience associated with digital payments. The rise is attributed to wider merchant acceptance, expansion of UPI Lite and credit on UPI, and greater rural digital penetration.
This achievement reflects India’s ongoing transition toward a cashless and inclusive digital economy, supported by innovations in fintech and robust regulatory frameworks led by the Reserve Bank of India (RBI).
The continued growth of UPI underscores India’s position as a global leader in real-time payment systems, setting new benchmarks in speed, accessibility, and financial inclusion.
5. NIPL partnered with which company to enable UPI payments in Malaysia?
Answer : Razorpay Curlec
NIPL Partners with Razorpay Curlec to Enable UPI Payments in Malaysia
The National Payments Corporation of India (NPCI) International Payments Limited (NIPL) has entered into a strategic partnership with Razorpay Curlec to introduce Unified Payments Interface (UPI) services in Malaysia. This collaboration is a major step in extending India’s advanced digital payment ecosystem to the global stage.
Under this initiative, Indian tourists, business travelers, and expatriates in Malaysia will be able to make instant and secure UPI payments by scanning QR codes at merchant outlets supported by Razorpay Curlec. The integration of UPI with Malaysia’s payment systems will significantly enhance cross-border transaction efficiency, reduce dependency on traditional payment methods, and simplify financial interactions between the two nations.
This partnership aligns with NIPL’s mission to globalize India’s digital payment innovations, promoting UPI as a benchmark for real-time, low-cost, and interoperable payment systems. It also reflects the Government of India’s Digital India vision, which seeks to strengthen India’s presence in the global fintech landscape.
By collaborating with Razorpay Curlec, NIPL continues to reinforce India’s leadership in digital financial infrastructure, paving the way for seamless international payment connectivity and deeper economic engagement between India and Malaysia.
6. Who has been appointed as the Director of the Defence Research and Development Laboratory (DRDL)?
Answer : Ankathi Raju
Ankathi Raju Appointed as Director of Defence Research and Development Laboratory (DRDL)
The Defence Research and Development Organisation (DRDO) has appointed Ankathi Raju as the new Director of the Defence Research and Development Laboratory (DRDL), one of its key establishments located in Hyderabad. This appointment highlights DRDO’s ongoing commitment to advancing India’s defence research and self-reliance in strategic technologies.
Ankathi Raju brings with him extensive experience in aeronautical engineering, missile systems, and propulsion technologies. Over the years, he has played a pivotal role in several strategic missile projects that have significantly enhanced India’s defence capabilities. His leadership is expected to steer DRDL toward greater innovation, efficiency, and technological excellence.
Under his guidance, DRDL aims to intensify research efforts in advanced propulsion systems, guidance technologies, and next-generation defence platforms, further supporting the nation’s Aatmanirbhar Bharat (self-reliant India) mission in defence manufacturing.
Ankathi Raju’s appointment reinforces DRDO’s focus on scientific innovation, indigenous development, and strategic preparedness, ensuring India remains at the forefront of modern defence research and technology development.