Page 20 - Latest Updates on Nirmala Sitharaman
NBFC credit should reach 50% of SCBs' volume by 2047: FM Nirmala Sitharman
The finance minister further said that financial inclusion cannot be used as a pretext for "financial exploitation"
 "NBFC credit should reach 50% of SCBs' volume by 2047: FM Nirmala Sitharman")
India diversifying markets amid trade restrictions: FM Nirmala Sitharaman
FM Nirmala Sitharaman at the BRICS meeting says India is diversifying markets, focusing on infrastructure-led growth and structural reforms to improve competitiveness and productivity
 "India diversifying markets amid trade restrictions: FM Nirmala Sitharaman")
FM Sitharaman discusses bilateral ties with Russian, Chinese counterparts
During a meeting with Anton Siluanov, Finance Minister of Russia, Sitharaman expressed gratitude for the support extended by President Vladimir Putin after the Pahalgam terror attack
Global South should act collectively on key economic challenges: Sitharaman
Sitharaman said the meeting is taking place at a defining moment for the Global South, as the world grapples with multiple uncertainties arising from fiscal constraints in several economies
NDB mandate must focus on agility, tech and sustainable growth: Sitharaman
Sitharaman highlighted that this deters long-term investment and delays critical progress in areas like renewable energy and climate-resilient infrastructure
 "NDB mandate must focus on agility, tech and sustainable growth: 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
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.