2nd August 2025 Current Affairs- Detailed Appointment & Resignation, Banking, Finance, Economy, RBI Circulars, MOUs, National, International, Sports, Obituaries & Quiz: The Quiz section will help you determine what you have learnt in the daily banking current affairs. With the help of the notes below, you can look at the detailed version of the current affairs, which will help you in the mains examination. So, look at the news, and do attempt the quiz to check your learning.
Table of Contents
2nd August 2025 Current Affairs- Quiz!
The 2nd August 2025 Current Affairs Quiz Section will help you know about your performance in the Daily Banking Current Affairs.
2nd August 2025 Current Affairs Quiz
2nd August 2025 Current Affairs- Detailed Notes!
Ranking/ Report/ Indices
1. Fortune Global 500 List 2025
- The report name is Fortune Global 500 List for 2025. It is the 71st Edition published by Fortune, a US-based magazine company.
- The most profitable company is Saudi Aramco with USD 105 Billion for the 4th consecutive year.
- The most represented country is the USA with 138 countries and China with 130 countries.
- There are a total of 10 Indian Companies in which ICICI Bank debuts first time with 464th Rank.
- The Reliance Industries Limited Company is at 88th Rank with USD 114.12 Billion for the 22nd consecutive year. (Reliance is the top indian company in the Fortune 500.
| Rank | Company | Country | Revenue (FY 2025, in USD) |
|---|---|---|---|
| 1 | Walmart (World’s Largest Retailer Company) | USA | 680.98 |
| 2 | Amazon | USA | 637.95 |
| 3 | Star Grid | China | 548.41 |
| 4 | Saudi Aramco | UAE | 480.19 |
| 5 | China National Petroleum | China | 412.64 |
| Rank | Top Indian Companies |
|---|---|
| 88 | RIL |
| 95 | LIC |
| 127 | IOCL |
| 163 | SBI |
| 181 | ONGC |
Banking & Finance
1. IEPFA launches Saksham Niveshak
- IEPFA stands for Investor Education and Protection Fund Authority under the Ministry of Corporate Affairs.
- Saksham Niveshak is a 100-day campaign to facilitate dividend claims and KYC Updates.
- It runs from 28 July 2025 to 6 November 2025.
- This campaign aims to empower shareholders regarding unclaimed dividends by updating the nomination details and KYC.
NOTE: The IEPFA under the Ministry of Corporate Affairs also launched a new initiative, Niveshak Shivir, in collaboration with SEBI in Pune in 2025.
MOUs
1. MOU between Reliance and ONGC
- The 3 companies, Reliance, ONGC, and BP Exploration Ltd, signed a joint operating agreement for the Saurashtra block, located off India’s western coast.
- The block area is 5454 sq km and classified as Category-II Basins.
National News
1. 4 Foreign Universities in India
- The Education Minister, Dharmendra Pradhan, issued Letters of Intent (LOIs) to the 4 foreign universities.
- These 4 universities are Western Sydney University, Victoria University, La Trobe University from Australia, and the University of Bristol from the UK.
- The announcement was made at the Akhil Bhartiya Shiksha Samagam in New Delhi on the completion of five years of the National Education Policy 2020.
- The existing campuses in GIFT City are Deakin University and the University of Wollongong.
- University of Southampton in Gurugram, Haryana.
2. Banking Laws Amendment Act 2025
- The Banking Laws Amendment Act 2025 came into effect from August 1, 2025.
- It includes the five major banking legislations.
- It also includes the 19 Amendment, spanning the RBI Act 1934, Banking Regulation Act 1949, SBI Act 1955, Banking Companies Acquisition and Transfer of Undertakings Act 1970, and 1980.
- Sections 3,4,5,15,16,17,18,19,20 of the Banking Laws Amendment Act 2025 come into force.
Redefinition of Substantial Interest
- It increased from 5 Lakh to 2 Crore, which was fixed in 1968.
Director Tenure in Cooperative Banks
- The maximum tenure for directors, excluding the chairman and whole-time director, is extended from 8 years to 10 years.
- Now, after the amendment, the Central Cooperative Bank director is allowed to become the State Cooperative Bank.
Transfer of Unclaimed Amount to IEPF
- PSBs are allowed to transfer the unclaimed interest, shares, and bond redemption amounts to the IEPF (after 7 years).
Empowering Statutory Auditors
- The bill allowed the PSBs to decide the salary of the statutory auditors. Earlier, it was done by the RBI.
Reporting and Regulating Changes
- The bill revises the reporting timelines for banks to the RBI.
- It includes the reporting timelines for two times in a month, which are 1st to the 15th day and 16th to the last day of the month.
- Earlier, the bank reports to the bank on alternate Fridays.
Nomination Facility
- Now, the account holder can make 4 nominees for their account with either simultaneous or successive nomination.
- Whereas in the locker, the account holder can hold only 4 successive nominees.
2nd August 2025 Current Affairs Sports
1. World Athletics introduced the new eligibility regulations for female categories
- World Athletics introduced the new eligibility regulations for female categories for World Ranking Competitions.
- They are undertaken for the one-time gene test to protect the integrity of women’s sport.
- It is a once-in-a-lifetime test for the SRY gene, which helps to determine the biological sex via a blood test.
- It comes into effect from 1st September 2025.
- From 13th September to 21st September 2025, the World Athletics Championship started in Tokyo, Japan.
2nd August 2025 Current Affairs Source: Cloud Affairs, Google
Related:
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- IBPS SO IT MAINS QUIZ 2 QUESTIONS 2025 – Detailed Solutions
- IBPS SO IT MAINS QUIZ QUESTIONS 2025 – Detailed Solutions
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