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Finance ministry flags low PSB credit to labour-intensive sectors
The official further added that the advances to agriculture and retail sectors touched 92 per cent and 98 per cent respectively for below the Rs. 10 crore loans category
Finance ministry directs major PSBs to fast-track re-KYC verification
Out of 53.9 crore Pradhan Mantri Jan-Dhan Yojana accounts, 11.2 crore are inoperative and 10.5 crore accounts are pending for re-KYC
RBI to banks: Report all digital frauds not just those above Rs 1 lakh
The rising volumes of UPI transactions and related frauds have emerged as a major challenge for the banks
Finance ministry asks PSBs to be wary of competition in deposits segment
Directive comes after the recent merger of HDFC Ltd with HDFC Bank
FinMin asks PSBs to explore acquisition of smaller banks
Banks should study the possibility for mergers and acquisitions: FinMin
