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DFS SECRETARY
Finance Ministry to review PSBs performance today, Secretary Nagaraju will chair high-level meetThe Department of Financial Services is holding a major meeting with Public Sector Banks today. The focus is on strengthening digital banki...
Banks need to push Atal Pension Yojana subscribers toward higher pension slab: DFS SecyFinancial institutions are urged to guide Atal Pension Yojana subscribers towards higher pension slabs. Many subscribers remain in the mini...
Insurance cos expand war-risk cover in UAE as tensions riseWar-risk insurance is now available for everyday consumers in the UAE. Insurers are offering new policies for cars, cargo, and travel. This...
Will provide insurance to all vessels coming to or going from India: DFS Secretary NagarajuIndia has launched its own maritime insurance pool. This initiative aims to support Indian maritime trade. Vedanta Sterlite, Balrampur Suga...
Banking panel to tackle PSUs' balance sheet constraints, boost capital use: DFS Secretary M NagarajuA new committee will examine public sector banks' capital needs. India aims to boost its corporate bond market, allowing more companies acc...
Hyderabad cops want RBI to plug gaps that facilitate cybercrimeHyderabad Police's crackdown on cyber fraud, revealing systemic banking gaps and Rs 400 crore annual losses, has prompted a high-level meet...
IFCI unveils ESG PRAKRIT, a comprehensive ESG technology platform for banks and corporatesIFCI Limited has launched ESG PRAKRIT, a new technology platform. This platform offers comprehensive ESG assessment, reporting, and advisor...
FM Sitharaman says Indian banks must build new defences as AI threats grow, West Asia crisis watched closelyIndian banks face new artificial intelligence cyber threats. Finance Minister Nirmala Sitharaman urged a proactive approach. Banks will col...
BoB launches AI-powered multilingual platform for in-branch customer serviceBank of Baroda has introduced bob SAMVAD, an AI-driven platform. This new system allows customers and bank staff to communicate in their pr...
NABFID must develop system shaping expertise: DFS SecretaryNABFID is urged to evolve into a system-shaping entity by offering advisory services for early-stage infrastructure projects, particularly ...
DFS Secretary urges fintechs to focus on driving offline payment solutionsM Nagaraju asked fintechs to prioritize offline payment options. This push aims to boost financial inclusion across India. He spoke at the ...
Sitharaman reviews financial inclusion schemesNirmala Sitharaman assessed the advancement of government financial inclusion programs. The meeting included key figures like DFS Secretary...
DFS Secretary M Nagaraju cautions against cryptocurrencies"I am very sceptical of cryptocurrency. Not now, not after becoming the financial secretary. Even as an individual also, I am very doubtful...
Need to rationalise MSME schemes for reach: DFS SecretarySpeaking at the CII Annual Business Summit 2024 on Friday, Joshi also noted that there is a need to address language issues of schemes to m...
Private Banks should increase participation in financial inclusion schemes: DFS secretary Vivek Joshi"There is a lot of catching up (to be done) by private sector banks with respect to their public sector counterparts in this aspect...I wou...
Improve credit delivery in rural areas: DFS Secretary to RRBsThe finance ministry has urged Regional Rural Banks (RRBs) to improve their financial inclusion and credit delivery in rural areas. During ...
Vivek Joshi takes charge as financial services secretaryPrior to this appointment, Joshi, a 1989 batch IAS officer of Haryana cadre, was the Registrar General and Census Commissioner under the Mi...