Daily Quiz — 03 Jul 2026

1. Q1.In the NCLT case against Awas Developers, what error did Unity Small Finance Bank make in its insolvency petition?

   It treated a 2019 demand notice as the trigger instead of the original 2012 NPA classificationIt failed to provide proper documentation of the loan agreementIt miscalculated the total amount of dues owed by the developerIt did not file the petition within the statutory time limit
   Explanation: The NCLT dismissed Unity SFB's petition because the bank miscalculated the default date by treating a 2019 demand notice as the trigger instead of the original 2012 non-performing asset classification, demonstrating a critical procedural error in determining the date of default.

2. Q2.What is the name of HDFC Bank's proprietary generative AI platform developed by its dedicated AI team?

   NeevAetherSentinelPrism
   Explanation: HDFC Bank has developed an in-house generative AI platform called Neev, created by a 150-200 person AI team in Gurgaon, to automate operations and detect fraud in real time.

3. Q3.According to the Moody's report, what was India's private credit assets under management by end-2025, and by what percentage did investments surge year-on-year in H1 2025?

   $25 billion AUM; 53% YoY surge to $9 billion in H1 2025$20 billion AUM; 45% YoY surge to $8 billion in H1 2025$30 billion AUM; 60% YoY surge to $10 billion in H1 2025$15 billion AUM; 35% YoY surge to $7 billion in H1 2025
   Explanation: India's private credit market reached $25 billion in assets under management by end-2025, with investments surging 53% year-on-year to $9 billion in H1 2025, driven by banks becoming more selective after years of corporate and infrastructure loan stress.

4. Q4.Which regulatory authority is responsible for receiving Foreign Liabilities and Assets returns from GIFT IFSC entities?

   International Financial Services Centres Authority (IFSCA)Reserve Bank of India (RBI)Securities and Exchange Board of India (SEBI)Ministry of Finance
   Explanation: Entities operating within GIFT International Financial Services Centre must file their Foreign Liabilities and Assets returns with the International Financial Services Centres Authority (IFSCA), not the RBI, preserving GIFT IFSC's autonomy as a foreign jurisdiction.

5. Q5.In June 2026, the one-year median MCLR for scheduled commercial banks fell to what percentage, and what percentage of outstanding floating-rate rupee loans are now linked to external benchmarks?

   8.50% MCLR; 67.6% of floating-rate loans linked to external benchmarks8.35% MCLR; 70% of floating-rate loans linked to external benchmarks8.65% MCLR; 65.5% of floating-rate loans linked to external benchmarks8.75% MCLR; 72% of floating-rate loans linked to external benchmarks
   Explanation: The RBI's June 2026 data showed the one-year median MCLR fell to 8.50% from 8.65% in May, while external benchmark-linked loans now account for 67.6% of outstanding floating-rate rupee loans, up from 65.5% at end-December 2025.

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