Current Affairs 07 October 2026 for Banking & Insurance Exams

Updated: 07 October 2026
By: TestCloud Expert Team

Read comprehensive daily current affairs for competitive exams covering national, international, banking, and sports events.

Haryana FPO exports 24 MT frozen food to Canada.

Dated: 07 October 2026
APEDA facilitated the export of a 24 metric tonne frozen-food consignment from Sonipat, Haryana to Canada on October 1, 2026 through a Farmer Producer Organisation.

Key Highlights:
1.  Aterna Foods Producer Company Limited shipped the consignment with support under the Financial Assistance Scheme.
2.  The shipment contained 2,295 boxes valued at CAD 35,140.
3.  Products included green peas, mixed vegetables, sweet corn and samosas.
4.  APEDA aims to connect Farmer Producer Organisations with export-oriented value chains and international markets.
5.  NIFTEM provided technical and value-addition support.

Additional Information:
1.  APEDA was established under the APEDA Act, 1985, functions under the Commerce Ministry and is headquartered in New Delhi.
2.  NIFTEM at Kundli, Sonipat is an Institute of National Importance under the Food Processing Industries Ministry.

INS Sahyadri and INS Kulish conclude AIME 2026 in Philippines.

Dated: 07 October 2026
Indian Naval Ships Sahyadri and Kulish concluded their participation in the ASEAN-India Maritime Exercise 2026 in the Philippines on October 3, 2026.

Key Highlights:
1.  The exercise theme was Anchored in Trust, United at Sea.
2.  INS Sahyadri is an indigenous guided-missile stealth frigate and INS Kulish an indigenous guided-missile corvette.
3.  The harbour phase included expert exchanges, table-top exercise, operational coordination, yoga and community interaction.
4.  Sea drills covered HADR, visit-board-search-seizure, underway replenishment and coordinated manoeuvres.
5.  Helicopter activities included cross-deck landing, vertical replenishment and casualty evacuation.

Additional Information:
1.  The inaugural AIME was hosted by India and Singapore in May 2023.
2.  ASEAN was established through the Bangkok Declaration on August 8, 1967 and is headquartered in Jakarta.

CBN Rajasthan observes National Anti-Drug Addiction Day.

Dated: 07 October 2026
The Rajasthan Unit of the Central Bureau of Narcotics organised awareness programmes and cleanliness drives on October 2, 2026 to observe National Anti-Drug Addiction Day.

Key Highlights:
1.  Awareness sessions under Operation Yuva Raksha were held at the University of Kota.
2.  Activities were linked with the Nasha Mukt Bharat Abhiyan in major opium-growing areas.
3.  Programmes covered Kota, Jhalawar, Bhilwara, Chittorgarh and Pratapgarh districts.
4.  Cleanliness drives took place at Menar in Udaipur and Gomana in Chhoti Sadri.
5.  Students, residents and cultivators took the Nasha Mukti pledge and learned about harms from opium, cannabis and illicit substances.

Additional Information:
1.  CBN functions under the Revenue Department of the Finance Ministry and is headquartered in Gwalior.
2.  National Anti-Drug Addiction Day is observed annually on October 2.

PM-SETU scheme completes one year of upgrading 1,000 ITIs.

Dated: 07 October 2026
The PM-SETU scheme completed one year on October 4, 2026 after being launched in 2025 to transform 1,000 Government Industrial Training Institutes.

Key Highlights:
1.  The scheme has an outlay of Rs.60,000 crore: Rs.30,000 crore from the Centre, Rs.20,000 crore from States and Rs.10,000 crore from industry.
2.  The hub-and-spoke plan covers 200 hub ITIs and 800 spoke ITIs.
3.  Within the first year, 850 ITIs comprising 172 hubs and 678 spokes were identified.
4.  Cluster special-purpose vehicles will have 51% anchor-industry ownership and 24.5% each for Centre and State.
5.  Five NSTIs in Bhubaneswar, Chennai, Hyderabad, Kanpur and Ludhiana will be upgraded.

Additional Information:
1.  PM-SETU means Pradhan Mantri Skilling and Employability Transformation through Upgraded ITIs.
2.  The total number of ITIs rose from 9,776 in 2014 to 13,888 in 2026.

Parveen Hooda wins boxing gold at Asian Games 2026.

Dated: 07 October 2026
Indian boxer Parveen Hooda won the women’s 65 kg gold medal at the Asian Games 2026 on October 2, defeating Chen Nien-Chen of Chinese Taipei.

Key Highlights:
1.  Hooda won the final by a 3-2 split decision.
2.  Lovlina Borgohain won women’s 75 kg gold by defeating China’s Ziyi Bao 5-0.
3.  Borgohain became the second Indian woman after M. C. Mary Kom to win Asian Games boxing gold.
4.  India’s women’s hockey team won gold for the first time since 1982 and qualified for LA28.
5.  Sujeet Kalkal won India’s first wrestling gold of the 2026 Games.

Additional Information:
1.  India won six gold medals on Day 13 and its overall medal tally reached 72.
2.  M. C. Mary Kom won the women’s 51 kg Asian Games title at Incheon in 2014.

Ladakh introduces Iranian saffron cultivation under Project Him Sarovar.

Dated: 07 October 2026
Ladakh launched its first large-scale experiment with premium Iranian saffron corms at Spituk Pharka in Leh on October 2, 2026 under Project Him Sarovar.

Key Highlights:
1.  The project sowed 800 kg, about 90,000 units, of Iranian saffron corms.
2.  Cultivation covers 4,000 square metres of previously barren land restored for farming.
3.  The corms were selected for high-altitude climatic conditions.
4.  Lieutenant Governor V. K. Saxena inaugurated the project.
5.  It aims to diversify agriculture and create sustainable livelihoods for youth and self-help groups.

Additional Information:
1.  Ladakh became a Union Territory on October 31, 2019 and is home to Hemis National Park.
2.  Saffron is called Red Gold; Iran is the largest producer and Pampore is India’s main production centre.

US Navy awards Raytheon $24.4 billion for SM-6 production.

Dated: 07 October 2026
The US Navy finalised a contract worth up to $24.4 billion with Raytheon on October 2, 2026 to accelerate production of Standard Missile-6 interceptors.

Key Highlights:
1.  The five-year agreement includes two supplementary option years.
2.  It gives the defence industry predictable demand to expand factories and workforce.
3.  SM-6 supports anti-aircraft, anti-surface and sea- or shore-based missile-defence missions.
4.  The missile can launch from naval surface vessels and land-based platforms.
5.  The deal follows a separate $20.7 billion agreement for AMRAAM production.

Additional Information:
1.  Raytheon is an American aerospace and defence manufacturer headquartered in Arlington, Virginia.
2.  SM-6 is also called RIM-174 ERAM and entered initial operational capability with the US Navy in 2013.

Lt Gen Akhilesh Kumar assumes command as GOC of 1 Corps.

Dated: 07 October 2026
Lieutenant General Akhilesh Kumar assumed command as General Officer Commanding of the Mathura-based 1 Corps on October 1, 2026.

Key Highlights:
1.  He succeeded Lieutenant General V. Hariharan.
2.  He was commissioned into the 4th Battalion of Rajputana Rifles on June 13, 1992.
3.  Before this appointment he served as Additional Director General for Discipline and Vigilance in the Adjutant General’s Branch.
4.  He commanded a Rashtriya Rifles Sector in Jammu and Kashmir and an infantry division under a Strike Corps.
5.  His honours include the Sena Medal Distinguished and Vishisht Seva Medal.

Additional Information:
1.  1 Corps is a strategic Strike Corps of the Indian Army headquartered in Mathura, Uttar Pradesh.
2.  Rajputana Rifles is the Indian Army’s oldest rifle regiment.

RBI approves Anup Bagchi as HDFC Bank MD and CEO.

Dated: 07 October 2026
The Reserve Bank of India approved the appointment of Anup Bagchi as Managing Director and Chief Executive Officer of HDFC Bank on October 1, 2026.

Key Highlights:
1.  Bagchi will succeed Sashidhar Jagdishan, whose term ends on October 26, 2026.
2.  His three-year tenure will run from October 27, 2026 to October 26, 2029.
3.  He has more than 30 years of banking experience.
4.  HDFC Bank is India’s largest private-sector bank by assets.
5.  The bank is headquartered in Mumbai and was founded in August 1994.

Additional Information:
1.  RBI was established on April 1, 1935 under the RBI Act, 1934 and nationalised on January 1, 1949.
2.  Sashidhar Jagdishan became HDFC Bank MD and CEO in 2020 after Aditya Puri.

India women’s hockey wins Asian Games gold after 44 years.

Dated: 07 October 2026
The Indian women’s hockey team defeated China 1-0 on October 2, 2026 to win the Aichi-Nagoya Asian Games gold after 44 years and qualify for the 2028 Los Angeles Olympics.

Key Highlights:
1.  Lalremsiami scored the winning goal in the 10th minute.
2.  Goalkeeper Savita Punia saved a penalty stroke to preserve the lead.
3.  This was India’s second women’s hockey Asian Games gold after the 1982 title.
4.  Ankush Panghal, Lovlina Borgohain and Parveen Hooda won boxing gold medals.
5.  India also won its first women’s recurve team gold by defeating South Korea.

Additional Information:
1.  India’s tally reached 74 medals: 14 gold, 25 silver and 35 bronze.
2.  The first Asian Games were held in New Delhi in 1951 and the Olympic Council of Asia is headquartered in Kuwait City.

India demonstrates first 5.56 km free-space QKD link.

Dated: 07 October 2026
QNu Labs, BISAG-N and IIT Gandhinagar demonstrated India’s first 5.56 km free-space Quantum Key Distribution link during September 27-28, 2026.

Key Highlights:
1.  The link maintained a Quantum Bit Error Rate below 5%.
2.  It generated secure keys at 230-260 bits per second.
3.  QNu Labs supplied Armos, a hardware QKD device for free-space optical channels.
4.  A Pointing, Acquisition and Tracking system maintained link stability.
5.  BISAG-N’s Vedic Kavach software supported post-quantum cryptography and quantum random-number generation.

Additional Information:
1.  BISAG-N is an autonomous society under the Electronics and Information Technology Ministry.
2.  QNu Labs was founded in 2016 and develops sovereign quantum-secure infrastructure.

Survey of India standardises 28 places in Ladakh.

Dated: 07 October 2026
The Home Ministry and the Union Territory of Ladakh formally standardised and identified 28 geographical places and features on Survey of India maps on October 2, 2026.

Key Highlights:
1.  Named peaks include Atisha Giri, Kanishka Peak, Zorawar Peak, Rinchen Zangpo Peak and Milarepa Kangri.
2.  Glaciers and passes include Parpik Glacier, Skamri Glacier, Chapchingal Pass and Shachmirk Pass.
3.  Water and valley features include Guru Rinpoche Lake, Yangpa River, Shkorga Valley and Hot Spring.
4.  Other named areas include Gogra, Dehra Compass, Shamal Lungpa, Kumarayana Point and Drak Karpo.
5.  The exercise formally added these features to the official map of Ladakh.

Additional Information:
1.  Survey of India was established in 1767, is headquartered in Dehradun and works under the Science and Technology Ministry.
2.  Ladakh became a Union Territory on October 31, 2019 and comprises Leh and Kargil districts.

Captain Smit Machchhar to receive Vishisht Gujarat Garima Award.

Dated: 07 October 2026
The Gujarat Government announced on October 2, 2026 that pilot Captain Smit Machchhar would receive the Vishisht Gujarat Garima Award for saving 174 passengers and crew during a mid-air emergency.

Key Highlights:
1.  The State honour includes a cash prize of Rs.25 lakh.
2.  Flydubai flight FZ1073 was travelling from Dubai to Tel Aviv.
3.  The aircraft was diverted and landed safely at Tabuk in Saudi Arabia.
4.  Captain Machchhar unlocked the cockpit for crew intervention after being attacked by his co-pilot.
5.  He prevented a catastrophe despite suffering serious injuries.

Additional Information:
1.  Gujarat’s capital is Gandhinagar and its Chief Minister is Bhupendra Patel.
2.  Flydubai is a UAE government-owned low-cost carrier headquartered at Dubai International Airport.

PFRDA targets 3 crore new NPS subscribers in two years.

Dated: 07 October 2026
The Pension Fund Regulatory and Development Authority announced on October 1, 2026 a target to add 3 crore new National Pension System subscribers over the next two years.

Key Highlights:
1.  The combined NPS and Atal Pension Yojana subscriber base crossed 10 crore by September 2026.
2.  Their combined assets under management reached about Rs.18 lakh crore.
3.  NPS Swasthya combines retirement savings with family-floater super top-up health insurance up to Rs.30 lakh.
4.  Subscribers may use up to 25% of contributions for direct hospital-expense settlement.
5.  NPS Tatkal uses UPI and existing bank KYC data for simplified account opening.

Additional Information:
1.  PFRDA is a statutory regulator under the PFRDA Act, 2013, works under the Finance Ministry and is headquartered in New Delhi.
2.  NPS began for government employees on January 1, 2004 and opened voluntarily to all citizens in May 2009.

India exports Akash air-defence system to Turkmenistan and Tajikistan.

Dated: 07 October 2026
India confirmed on October 5, 2026 that Turkmenistan and Tajikistan had inducted the indigenous Akash air-defence missile system after Armenia became its first foreign customer.

Key Highlights:
1.  Akash has an operating range of 4.5-25 km and altitude coverage from 100 metres to 20 km.
2.  The 710 kg missile is 5.87 metres long and uses command guidance.
3.  Electronic counter-countermeasures help it resist jamming.
4.  It can engage multiple UAVs, helicopters and fighter aircraft simultaneously.
5.  Akash Prime supports high-altitude operations above 4,500 metres and Akash-NG has upgraded radars.

Additional Information:
1.  DRDO developed Akash and Bharat Dynamics Limited manufactures it.
2.  BDL was established in 1970, is headquartered in Hyderabad and functions under the Defence Ministry.

Bimal Patel sworn in as ITLOS judge.

Dated: 07 October 2026
India’s Bimal Patel assumed office as a judge of the International Tribunal for the Law of the Sea in Hamburg on October 1, 2026.

Key Highlights:
1.  He was elected for a nine-year term.
2.  Patel secured 115 votes from 168 valid ballots at the United Nations headquarters in New York.
3.  He succeeded Neeru Chadha, whose term as Tribunal Vice-President ended on September 30, 2026.
4.  He previously served as Vice-Chancellor of Rashtriya Raksha University and on the National Security Advisory Board.
5.  He also served on the United Nations International Law Commission.

Additional Information:
1.  ITLOS is headquartered in Hamburg and has 21 independent members.
2.  UNCLOS was adopted in 1982 and created ITLOS to adjudicate maritime disputes.

India’s first 3D concrete-printed housing project launched in Andhra Pradesh.

Dated: 07 October 2026
Union Minister Shivraj Singh Chouhan sanctioned 3 lakh rural houses and laid the foundation for India’s first 3D concrete-printed housing project in Guntur, Andhra Pradesh on October 4, 2026.

Key Highlights:
1.  The first PMAY-G instalment for 3 lakh houses totals Rs.3,600 crore.
2.  The State allocation was increased from 76,000 to 3 lakh homes.
3.  The Burripalem pilot will build 177 houses at Rs.14 crore within six months.
4.  Under Annadata Sukhibhava, farmers receive Rs.20,000 yearly: Rs.6,000 from PM-KISAN and Rs.14,000 from the State.
5.  The National Saras Mela will be held in Andhra Pradesh on October 15, first time outside Delhi.

Additional Information:
1.  PMAY-G was launched in 2016 by the Rural Development Ministry to provide pucca rural houses.
2.  Polavaram is a multipurpose national project on the Godavari River.

First international cargo voyage flagged off from Dibrugarh to Dhaka.

Dated: 07 October 2026
Union Minister Sarbananda Sonowal flagged off the first international cargo voyage from Bogibeel Terminal in Dibrugarh, Assam to Dhaka, Bangladesh on October 5, 2026.

Key Highlights:
1.  The vessel will reach Pangaon Port through National Waterway-2 on the Brahmaputra and the Indo-Bangladesh Protocol Route.
2.  The maiden consignment carries methanol produced by Assam Petro-Chemicals Limited.
3.  It is the first direct cargo voyage from Dibrugarh to a foreign port since Independence.
4.  The Ports, Shipping and Waterways Ministry and Inland Waterways Authority of India organised the event.
5.  The voyage seeks a cheaper, greener Brahmaputra link between Northeast India and global markets.

Additional Information:
1.  IWAI was established in 1986 and is headquartered in Noida.
2.  National Waterway-2 covers the 891 km Sadiya-Dhubri stretch of the Brahmaputra.

17th Pension Adalat held at IIPA for grievance redressal.

Dated: 07 October 2026
Union Minister Jitendra Singh chaired the 17th Pension Adalat at IIPA, New Delhi on October 5, 2026 for on-the-spot resolution of Central Government pension grievances.

Key Highlights:
1.  The Pension and Pensioners’ Welfare Department organised it under the Personnel Ministry.
2.  It focused on super-senior and family pensioners and covered 897 cases from 24 Ministries and Departments.
3.  The hybrid format enabled physical and video participation for complaints filed on CPENGRAMS.
4.  Across the first 16 editions, 20,676 of 28,797 grievances were resolved, a 71.79% success rate.
5.  A family-pension FAQ booklet and success-story flyers from the 16th Adalat were released.

Additional Information:
1.  Pension Adalat was introduced as a grievance-redressal platform in 2017.
2.  IIPA was established in 1954 and is an autonomous public-administration institution in New Delhi.

Sailor Nethra Kumanan wins maiden Asian Games medal.

Dated: 07 October 2026
Indian sailor Nethra Kumanan won the bronze medal in the women’s dinghy event at the Aichi-Nagoya Asian Games on October 2, 2026.

Key Highlights:
1.  The 29-year-old athlete is from Chennai, Tamil Nadu.
2.  She placed 7th at the 2014 Asian Games, 5th in 2018 and 4th at Hangzhou.
3.  She trained in Gran Canaria, Spain and Los Angeles, United States before the event.
4.  Kumanan is the first Indian woman sailor to qualify for the Olympics.
5.  She specialises in the Laser Radial, now called ILCA 6, class.

Additional Information:
1.  She became the first Indian to win a Sailing World Cup medal with bronze at Miami in 2020.
2.  The Aichi-Nagoya Games are the 20th Asian Games and are governed by the Olympic Council of Asia.