•  The World Bank has unveiled 200 billion US Dollars in climate action investment for 2021 to 2025, adding that this amounts to a doubling of its current five-year funding. The move coincides with a UN climate summit in Katowice.  The breakdown of 200 billion dollars would comprise approximately 100 billion in direct finance from the World Bank. 
  •  Moody's Investors Service's annual Banking System Outlook on India estimated the country's real gross domestic product (GDP) for the current financial year and next fiscal to grow at 7.2% and 7.4%, respectively.
  • RBI has approved the merger of SBM (Mauritius), India with SBM Bank (India).  RBI has sanctioned the Scheme of amalgamation of the entire undertaking of SBM Bank (Mauritius) Limited, India with SBM Bank (India) Limited which has been granted licence by the RBIto carry on the business of banking in India through Wholly Owned Subsidiary (WOS) mode under the Banking Regulation Act.
  • FMCG major Hindustan Unilever Limited (HUL) announced that its board has approved the merger with GlaxoSmithKline Consumer Healthcare (GSKCH India) through an-all equity deal, valuing the total business of the latter at Rs 31,700 crore.
  • The Centre and Asian Development Bank (ADB) have signed an 85 million dollar loan to improve skill development eco-system in Odisha. An advanced skill training center, the World Skill Center (WSC) will also be established in Bhubaneswar with the help of a loan.
  • The European Central Bank launched a new system aimed at letting banks settle payments instantly across Europe,the ECB's Target Instant Payment Settlement (TIPS) system will let people and companies in Europe transfer euros to each other within seconds and regardless of the opening hours of their local bank. 
  • The Reserve Bank of India has kept the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5%. Consequently, the reverse repo rate under the LAF remains at 6.25%, and the marginal standing facility (MSF) rate and the Bank Rate at 6.75%.
  • Paisabazaar.com, India's largest online marketplace for financial products has launched an industry-first feature that will help loan applicants choose their most-suited lender on its platform. Named 'Chance of Approval'. While this is the first such initiative in India.
  • Fitch Ratings revised downwards India's GDP growth forecast to 7.2% for current fiscal citing higher financing cost and reduced credit availabilityIn its Global Economic Outlook, Fitch projected that for 2019-20 and 2020-21 financial years, India's GDP growth will be 7% and 7.1% respectively. 
  • Export-Import Bank of India (Exim Bank) has extended a credit facility of USD 500 million to Tanzania for water supply projects in the country. Exim Bank signed an agreement in May 2018, with the Tanzania government for making available a Government of India-supported line of credit of USD 500 million for the purpose of financing water supply schemes.
  •  Noida-based IT major HCL Technologies will acquire seven IBM products by mid-2019 for $1.8 billion (over Rs 12,700 crore) in its biggest ever acquisition so far.The all-cash deal entails software in areas including security, marketing, collaboration solutions, and represents a total addressable market of over $50 billion.
  •  Current account deficit (CAD) widened to 2.9% of GDP for the July-September quarter according to the Reserve Bank of India.
  • In a major push to kickstart listing of start-ups in India in a big way, SEBI has lined up a slew of relaxations for new-age ventures.The proposed changes include renaming the Institutional Trading Platform (ITP) as Innovators Growth Platform (IGP). 
  • The Government of India and the  ADB signed in New Delhi a Loan Agreement for $31 million to build-up the State Tourism Industry and boost visitor arrivals in Tamil Nadu.
  • In a bid to make retirement income scheme more attractive for central government employees, the government has agreed to chip in a higher 14% of the basic salary of an individual as its contribution to the National Pension System (NPS).
  • RBI has imposed a fine of Rs 1 crore on Indian Bank for violating cybersecurity norms.
  • Route Mobile Limited (Route Mobile), a cloud-communication platform service provider and a member of Oracle Partner Network (OPN) announced the collaboration with Oracle Marketing Cloud, to leverage Route Mobile's quality connections for mobile customer engagement over SMS.
  • The Reserve Bank of India (RBI) has allowed Bandhan Bank to open as many as 40 new branches, by the end of December, releasing the restriction that RBI has put on the Bandhan bank’s branch opening spree three months back.
  • the Government of India and the Asian Development Bank (ADB) signed a $60 million loan agreement to reduce floods and the riverbank erosion in flood prone areas along the Brahmaputra river in Assam.
  • the Organization of the Petroleum Exporting Countries (OPEC) in its Monthly Oil Market Report predicted the global economic growth to be 3.7% for 2018 and 3.5% for 2019.
  • The Asian Development Bank (ADB) and the Government of India signed a $60 Million Loan Agreement in New Delhi to continue financing riverbank protection works, renovation of flood embankments, and community-based flood risk management activities in critically flood-prone areas along the Brahmaputra River in Assam.
  • IDFC Bank and non-banking financial company (NBFC) Capital First has announced the completion of their merger, creating a combined loan asset book of Rs 1.03 lakh crore for the merged entity IDFC First Bank. The merged entity to be called IDFC First Bank. IDFC Bank approved the appointment of V Vaidyanathan, founder and chairman of Capital First Ltd, as Managing Director and Chief Executive Officer of the merged entity.
  • Paisabazaar.com, India's largest online marketplace for financial products, and Karnataka Bank announced a strategic partnership to offer the bank's home loan product to customers on the Paisabazaar platform.  
  • The Reserve Bank of India, in consultation with the government, has decided to have a rule-based dynamic limit for outstanding stock of External Commercial Borrowings (ECB) at 6.5% of GDP at current market prices.
  • The government will infuse an additional Rs 41,000 crore into cash-starved public sector banks (PSBs). The outlay will go up from Rs. 65,000 crore to Rs. 1,06,000 crore  to propel economic growth, cementing India’s position as the fastest growing economy of the world.
  • In a relief to the common man, the GST Council cut rates on 23 commonly used goods and services, including TV screens, movie tickets and power banks. the 28% slab is restricted to only luxury and sin goods, apart from auto parts and cement — tax rates on which could not be cut due to the high revenue implication.GST on movie tickets costing up to Rs 100 was cut to 12% from 18%, while tickets over Rs 100 will attract 18% tax, against 28% earlier. This will have a revenue implication of Rs 900 crore.
  • The Reserve Bank of India has shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital Public Credit Registry (PCR) for capturing details of all borrowers and wilful defaulters.
  • The Reserve Bank of India will soon introduce Rs 20 notes with additional features. The new notes are being introduced under the Mahatma Gandhi series. The new currency notes are different in size and design compared to issued previously.
  • The Reserve Bank of India (RBI) appointed former governor Bimal Jalan as the chairman of the Economic Capital Framework (ECF) committee formed to address the issue of excess reserves with the central bank.
  •  India’s institutional framework to support microfinance would get a boost with Reserve Bank of India clearing a proposal to dig in an existing Rs 1000-crore corpus for funding microlenders. SIDBI had kept this money for some other purposes and had recently sought RBI’s approval for using it for the microfinance sector.
  •  According to data furnished by the Reserve Bank of India, between 2015 and 2017, private lender ICICI Bank penalized the highest number of employees for defrauding bank assets in the last three year out of 60 scheduled commercial banks operating in India. It is followed by State Bank of India and Punjab National Bank. In all, banks took action against a staggering 13,949 officials, of which 16%, or 2,236, belonged to ICICI.
  • State-owned United Bank of India announced that the government has decided to infuse Rs 2,159 crore in the bank as part of Rs 28,615 crore capital infusion to be done in about half a dozen banks. The government has decided to pump Rs 28,615 crore into seven public sector banks (PSBs) through recapitalization bonds soon. Out of these seven PSBs, Bank of India is likely to get the highest amount of Rs 10,086 crore.
  • The Reserve Bank of India (RBI) will capture the payment habits of individuals in six cities Mumbai, Delhi, Kolkata, Chennai, Bengaluru and Guwahati. For the purpose, the central bank has launched a ‘Survey on Retail Payment Habits of Individuals (SRPHi)’.
  • Banks have seen a significant improvement in recovery of stressed assets helped by the Insolvency and Bankruptcy Code (IBC) and amendments in the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interests (SARFAESI) Act. according to the RBI data.In the fiscal ended March 2018, banks recovered Rs 40,400 crore worth of bad loans as against Rs 38,500 crore recovered in FY17. The various channels through which lenders recovered their bad loans include the Insolvency and Bankruptcy Code (IBC), SARFAESI Act, debt recovery tribunals (DRTs) and Lok Adalats.
  • ESAF small finance bank has got RBI approval to operate as a scheduled bank. This makes ESAF small finance bank (SFB) the fifth scheduled bank from Kerala.