Harsh Kumar

AIBOC has urged the ECI and DFS to curb election-related deployment of PSU bank officers in West Bengal, citing security lapses, discrimination and disruption to core banking work

PFRDA CHAIrman S Ramann saiD Access to Pension Products is essential for every Citizen as long-term financial security cannot be left to chance

Reviewing public sector insurers' performance, DFS Secretary M Nagaraju urged a sharper focus on profitable business, lower loss ratios, stronger retail portfolios and faster digitalisation

Nagaraju further said UPI transactions crossed more than 21 billion in December 2025, underlining the rapid adoption of digital payments in the country

The Centre may amend the RDB Act in the FY27 Budget to earmark DRTs for high-value cases, speed up recoveries and reduce pendency clogged by low-ticket litigation

Ahead of the Union Budget 2026-27, CII has urged the Centre to adopt a demand-based, three-year privatisation pipeline for public sector enterprises to unlock nearly Rs 10 trillion of value

"The meeting, to be chaired by the Joint Secretary (banking) in DFS, will assess the status of unclaimed deposits transferred to the DEA Fund and the pace of claims settlement across banks

PNB expects to recover over ₹400 crore from MTNL and up to ₹500 crore through NPA sales this quarter, as the bank sharpens its focus on asset recovery and balance-sheet strength

Central Bank of India expects to meet SEBI's public shareholding norms well before the August 2026 deadline as it sees strong loan growth across retail, MSME and corporate segments and expands digital

Defence production led R&D expenditure by central public sector enterprises in FY25, followed by petroleum and heavy engineering, as overall spending rose sharply year-on-year

Panel chaired by DFS Secretary M Nagaraju reviewed RBI proposals for foreign banks amid a gradual decline in foreign bank presence and India's push for calibrated financial liberalisation

The proposed framework seeks to remove regulatory constraints that had so far limited banks' participation in pension fund management

Revised rules remove the requirement for majority Indian directors in insurers with foreign investment, but mandate that one of the top leadership roles be held by an Indian resident

The DFS is pushing mandatory e-filing, virtual hearings and legal reforms to improve disposal rates and speed up recoveries through debt recovery tribunals

Housing-related needs accounted for the highest number of partial withdrawal requests under the National Pension System in FY25, with Rs 1,327.91 crore withdrawn, PFRDA data show

Centre is considering amending SARFAESI to include special situation funds as financial institutions and to require borrowers to file representations within 30 days of a demand notice, sources said

DFS will meet DRT and DRAT heads and senior bank executives on December 30 to discuss measures to speed up recoveries as pending cases rose to 0.137 million by September 2025, officials said

State-owned lender said it reported fraud of over Rs 2,000 crore linked to erstwhile promoters of SREI entities and has made provisions for the entire outstanding amount

CSR spending by 183 CPSEs rose to a record Rs 6,437 crore in FY25 even as their net profit fell 9.6 per cent, with most outlay going to health, sanitation and poverty alleviation

The overall rejection rate across banks stood at about 20 per cent, with variation across institutions depending on credit profiles and digital data availability