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DFS SECY
In FY26, private banks' return on equity moderates amid NIM pressure, treasury lossesPrivate banks saw their profitability dip in FY26. Net interest margins faced pressure as loan rates adjusted faster than deposit rates in ...- 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...
- Banks should look at lower rates for small borrowers, says DFS SecyDFS Secretary M. Nagaraju urged banks to lower lending rates for small borrowers and businesses to 6-7%, aiming to boost credit penetration...
- FinMin, RBI working on portal to help citizens claim unclaimed assets: DFS SecyThe finance ministry is working with the Reserve Bank of India to build a single portal that will allow citizens to track and claim unclaim...
- Boost financial inclusion with fair rates: DFS Secy to MFIsMicrofinance institutions are urged to maintain fair interest rates. The Department of Financial Services secretary expressed concern over ...
- NaBFID needs to make ambitious projects bankable: DFS secretaryNaBFID, having sanctioned ₹2 lakh crore in projects, is urged to enhance expertise and systems for long-term infrastructure viability, acco...
- DFS Secy directs faster settlement of claims under Jan SurakshaThe Finance Ministry has instructed private banks to actively participate in government initiatives. Focus is on swift claim settlements un...
- Unified Pension Scheme may be replicated to other stakeholders of NPS: DFS SecyFinancial Services Secretary M Nagaraju hopes the Unified Pension Scheme (UPS), ensuring 50% of the average basic pay drawn over the last 1...
- 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...
- Increasing FTAs key strategy for enhancing financial services exports: DFS SecyFinancial Services Secretary Vivek Joshi emphasized the importance of increasing Free Trade Agreements (FTAs) to boost India's financial se...
- Banks asked to check mis-selling, safeguard account holders' interest: DFS SecyFinancial Services Secretary Vivek Joshi emphasized the need for public sector banks to prevent mis-selling of insurance products and safeg...
- Banks and financial institutions to play key role in funding NIP projects, says DFS SecyWhile 44% of investment is funded through Central and States Budgets, banks, financial institutions and Development Finance Institution (DF...
- FM Nirmala Sitharaman kicks off pre-budget consultationsThe meeting, which was held virtually, was attended by senior officials of the finance ministry and minister of state for finance Pankaj Ch...
- Finance Minister Nirmala Sitharaman reviews progress on planned mega LIC IPOLIC IPO is crucial for meeting the Rs 1.75-lakh crore disinvestment target set for current fiscal (April-March). So far this fiscal, Rs 9,3...
- Govt alive, aware about various issues around cryptocurrencies: DFS SecyFinancial Services Secretary Debasish Panda said there are concerns from the regulatory point of view that it does not have an underlying a...
- Loan restructuring, other measures announced by govt to cushion PSBs from shock: DFS SecyDespite the pandemic, the lockdown and the consequent damage done to the economy, there are quick signs of recovery, Financial Services Sec...
- Government plans to set up a development finance institution in 3-4 months: DFS SecyAbout 7,000 projects have been identified under the National Infrastructure Pipeline (NIP) with projected investment of a whopping Rs 111 l...
- PSU banks to raise Rs 25,000 crore in next 3 months: DFS SecyIn the last few months,lenders including State Bank of India, Canara Bank and Punjab National Bank (PNB) have raised about Rs 40,000 crore ...
- Nirmala Sitharaman meets private banks, NBFCs to ensure smooth roll out of ECLGSThe meeting also included secretary of financial services, Debasish Panda and representatives of Small Industries Development Bank of India...
- Lok Ranjan to continue on board of ICICI Bank: DFS SecyAny government official of rank of additional secretary or joint secretary can be appointed on the board of any financial institution where...
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