Harsh Kumar

India's privatisation push loses steam as IDBI Bank stake sale scrapped

The Centre may scrap the IDBI Bank stake sale after bids came below the reserve price, underscoring political and structural constraints shaping India's disinvestment strategy

Standing Committee flags MDR gap in UPI ecosystem, calls for revenue model

Parliamentary panel urges government to create a sustainable revenue model for the UPI ecosystem, warning that current incentives cover only a fraction of industry costs

Across workshop lanes of Punjab, the workbench warms as exports recover

Textile mills, engineering units, and sports goods makers across Ludhiana and Jalandhar test a fragile export revival

FinMin asks banks to step up efforts to reduce delays in IBC cases

At a review meeting, the finance ministry directed public sector banks to minimise adjournments and speed up CIRP filings, aiming to accelerate NCLT admission and resolution timelines

PSBs, insurers seek higher sum assured for social security schemes

PSBs and insurers have urged the finance ministry to raise the sum assured under PMJJBY and PMSBY, citing inflation and household vulnerabilities, as India targets "Insurance for All by 2047"

100% FDI gives flexibility to serious insurers: Generali Central Insurance

Anup Rau shared his views on FDI, insurance penetration, regulation, bancassurance, and the company's growth plans

DFS secretary encourages composite salary package to boost PSU banks' CASA

DFS Secretary M Nagaraju inaugurates a composite salary account camp in Delhi as public sector banks seek to strengthen CASA balances and deepen customer relationships

Rural-centric feature phone solutions set to anchor digital payments push

Govt sources say rural-focused feature phone solutions such as UPI 123Pay, IVR systems and offline payments will drive the next phase of India's digital payments expansion beyond smartphones

Cyber threats a risk, but financial sector well equipped: DFS secretary

US tariff easing brightens outlook for Indian exporters, says DFS secy Nagaraju

Govt weighs AI-based credit scores to expand access to formal finance

The Centre is exploring AI-based credit scoring and UPI-linked credit lines to widen access to formal finance for women, first-time borrowers and vulnerable communities

DFS secy opens CGHS facilitation camps as NIACL launches Ayush mediclaim

M Nagaraju inaugurated NIACL's facilitation camps to raise awareness and onboard CGHS beneficiaries for the new 'Paripoorna Mediclaim Ayush Bima', offering flexible, GST-free health cover

DFS secy urges stronger BC ecosystem, better services and process upgrades

M Nagaraju highlighted the vital role of Business Correspondents in last-mile banking, urging continuous process improvement, service expansion and enhanced digital oversight to meet customer needs

Govt weighs making National Pension System mandatory for gig workers

Government weighs mandatory NPS coverage for gig and unorganised workers, explores auto-enrolment and digital onboarding to widen pension net and boost long-term retirement security

Targeted interventions needed to bolster Rupay debit card: Report

A DFS report shows UPI has overtaken cash as the most preferred payment mode and recommends focused merchant enablement and stronger support for RuPay debit card usage in rural and semi-urban India

Will wipe out ₹2,162 crore losses by March 2028: Bihar Gramin Bank Chairman

Bihar Gramin Bank's JEEViKA exposure at ₹11,500 crore; NPAs below 2%

Bank unions calls DFS move to revise PLI framework 'discriminatory'

UFBU alleges proposed changes to performance-linked incentive structure in public sector banks are discriminatory and violate status quo agreed during conciliation

Economic self-reliance core to govt policy: FM Nirmala Sitharaman

Finance minister says Budget aims to strengthen domestic capabilities, citing strong growth and low inflation as a "Goldilocks moment" for the economy

DFS drafts Financial Inclusion 2.0 roadmap, focuses on universal banking

Financial Inclusion 2.0 plan aims to deepen access to banking, credit, insurance, pension and digital services, targeting universal coverage by 2047

Bhel OFS opens for non-retail investors; govt to sell up to 5% stake

The Centre has announced an Offer for Sale in BHEL to divest up to a 5 per cent stake, with bids opening for non-retail investors on Wednesday and retail investors on Thursday

Vishwakarma allocation cut in FY27 despite steady loan processing by banks

Budgetary support for PM Vishwakarma has been cut in FY27 even as banks process lakhs of artisan loan applications, raising questions on credit absorption and scheme scale-up