Page 18 - Latest Updates on Nirmala Sitharaman
SBI's digital transformation immensely benefited customers: FM Sitharaman
Congratulating SBI on completing 70 years of service to the nation, she expressed hope that the Bank will continue to innovate and empower as India
 "SBI's digital transformation immensely benefited customers: FM Sitharaman")
Centre to issue new framework to expand GCCs beyond metro cities
Talks ongoing with Fortune 500 firms to set up new centres
 "Centre to issue new framework to expand GCCs beyond metro cities")
International credit rating methods must evolve: FM Nirmala Sitharaman
FM Sitharaman says India's sovereign rating understates macro strength and urges reform in global rating criteria to unlock more private capital and lower financing costs
 "International credit rating methods must evolve: FM Nirmala Sitharaman")
Small savings rates unchanged for sixth straight quarter from July 1
Interest rates for the popular PPF and post office savings deposit schemes are also unchanged at 7.1 per cent and 4 per cent, respectively
 "Small savings rates unchanged for sixth straight quarter from July 1")
FM Sitharaman to embark on six-day visit to Spain, Portugal and Brazil
During her June 30-July 5 visit, the finance minister would attend the fourth International Conference on Financing for Development (FFD4) organised by the United Nations
SBI, Indian, Union Bank gain up to 4%; what's driving PSU Banks today
PSU Bank shares in focus: At 10:37 AM; Nifty PSU Bank index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.3 per cent decline in the Nifty 50.
 "SBI, Indian, Union Bank gain up to 4%; what's driving PSU Banks today")
India open to 'big, beautiful deal' with US, says FM Nirmala Sitharaman
India signals willingness for a broad trade pact with the US ahead of July 9 tariff deadline. But Finance Minister Nirmala Sitharaman said agriculture and dairy sectors remain non-negotiable red lines
 "India open to 'big, beautiful deal' with US, says FM Nirmala Sitharaman")
FM Nirmala Sitharaman nudges public sector banks to push credit growth
After slipping to 12% in FY25, loans growth has fallen below 10%
 "FM Nirmala Sitharaman nudges public sector banks to push credit growth")
FM asks PSBs to step up deposit mobilisation, deepen corporate lending
Sitharaman reviews PSB performance, stresses deposit growth, better service, staffing, green lending, MSME credit, and expanded presence in underserved areas
 "FM asks PSBs to step up deposit mobilisation, deepen corporate lending")
Finance Minister urges PSU banks to boost credit growth, maintain profits
During a meeting to review financial performance of PSBs, Sitharaman asked their chiefs to maintain profitability momentum in FY26, sources said
Govt urges state-run banks to boost lending amid economic growth push
Financial Services secretary M. Nagaraju said banks were also urged to boost credit to small businesses and improve deposit mobilisation, following a review meeting chaired by FM Nirmala Sitharaman
 "Govt urges state-run banks to boost lending amid economic growth push")
Make GIFT IFSC competitive to attract HNI funds: FM Sitharaman
The minister who was in GIFT City, Gandhinagar for a high-level review of the IFSC's progress, emphasised the need to make it competitive
 "Make GIFT IFSC competitive to attract HNI funds: FM Sitharaman")
IBPS allowed to use Aadhaar to verify candidates in bank exams
The move aims to reduce impersonation, simplify identity checks, and bolster trust in bank recruitment, aligning with recent Aadhaar-based steps by the SSC
 "IBPS allowed to use Aadhaar to verify candidates in bank exams")
FTAs with US, EU soon; exporters to get full govt backing: Sitharaman
Finance Minister says trade deals with US and EU near finalisation as she assures Indian exporters of full support amid global slowdown and volatile trade conditions
Trade agreements with US, EU to be concluded soon: Sitharaman
Finance Minister Nirmala Sitharaman on Tuesday said negotiations for the proposed free trade agreements with the US and European Union (EU) are progressing at a fast pace and would be concluded soon.
FM flags tax appeals backlog, tells CBDT to fast-track resolution
Sitharaman asks tax department to resolve 5.7 lakh pending appeals, improve grievance redressal and refunds, and adopt a more taxpayer-centric approach
 "FM flags tax appeals backlog, tells CBDT to fast-track resolution")
Centre likely to relax the board regulations for foreign insurers
The official stressed that while the reforms are not intended to open the floodgates to foreign control, they signal a more welcoming approach to global participation in leadership roles
 "Centre likely to relax the board regulations for foreign insurers")
Fifth edition of Time Release Study shows faster import clearance at ports
Finance Minister Nirmala Sitharaman releases CBIC's NTRS report showing average cargo release times improved at ports and airports, though delays rose at inland depots
 "Fifth edition of Time Release Study shows faster import clearance at ports")
GST evasion detection hits all-time high of ₹2.23 trillion in FY25
FM Nirmala Sitharaman urges faster probe closures and easier registrations
 "GST evasion detection hits all-time high of ₹2.23 trillion in FY25")
Make GST registration easier using tech, risk-based parameters: FM to CBIC
During the conclave, she directed the zones to prepare an action plan to improve various parameters, such as GST registration, processing of refunds, and handling taxpayers' grievances