Page 12 - Harsh Kumar

Governing Council urges NIIF to boost global presence, adopt new strategy

The Finance Ministry has called on NIIF to leverage its sovereign-backed model, diversify funding sources and attract international investors by strengthening its global profile

Most public-sector banks see decline in headcount even as branches spread

Public sector banks (PSBs) have shown varied trends in employee strength over the last three financial years

Uco Bank plans to raise ₹2,700 cr in FY26 via QIP in tranches: MD & CEO

In Q4 FY25, we recovered around Rs 1,666 crore, taking the total recovery for the full year to Rs 4,400 crore, Ashwani Kumar said

Panel formed to chart roadmap for Big Four-like company in India

A first of its kind meeting to discuss this issue was held on Friday by the Prime Minister's office

Govt flags bank staff safety, services operations to chief secretaries

Writes to chief secys after incidents of people behaving inappropriately with bankers

Banks may hold back on fresh loans to Vodafone Idea as AGR clouds linger

Supreme Court (SC) had dismissed petitions by telecom companies Vi and Airtel seeking a waiver on paying interest, penalty, and interest on penalty components as part of their long-standing AGR dues

1 year of Modi 3.0: Operation Sindoor, Viksit Bharat hold centre stage

The results of the elections to elect the 18th Lok Sabha were declared on June 4, while the Council of Ministers, led by the prime minister, took oath on June 9

FM flags drug menace as major national threat, seeks stronger DRI action

Nirmala Sitharaman says drug trafficking is the biggest threat to the nation, urging DRI to target criminal masterminds and coordinate with state police more effectively

Over 63,000 digital payment frauds reported in last decade: Govt

Government data show over 63,000 digital payment frauds worth Rs 733 crore in the past decade as Congress questions the Modi government's banking security record

Grameen Credit Score framework likely to be launched in next 3 months

Grameen Credit Score designed to strengthen financial inclusion in rural India

Govt extends tenure of Punjab & Sind Bank MD S K Saha till Feb 2027

According to an official notification issued by the Department of Financial Services under the Ministry of Finance, Saha's current term was set to end on June 2, 2025

Draft gold loan norms: FinMin seeks exemption for small-ticket borrowers

The ministry has suggested exempting gold loans below ₹2 lakh from RBI's proposed norms. This move may benefit 60-70% borrowers

Asheesh Pandey, Kalyan Kumar recommended to head UBI, Central Bank

FSIB interviews 23 candidates and recommends Asheesh Pandey for UBI and Kalyan Kumar for Central Bank; final nod awaits approval by Appointments Committee of the Cabinet

FinMin suggests RBI to give relief for borrowers under ₹2 lakh gold loan

In April, the RBI released draft norms mandating, among other requirements, that borrowers furnish proof of ownership for the gold used as collateral

Centre announces unified pension scheme for retired NPS subscribers

The new scheme provides a guaranteed monthly pension, lump sum payout, and interest-bearing arrears for NPS subscribers who retired on or before 31 March 2025

FDI inflows set to grow further, says DPIIT secretary at CII summit

DPIIT Secretary Amardeep Singh Bhatia says FDI will grow as investor interest remains high, driven by policy support, trade pacts and India's growth momentum

Finance Ministry cold to Bharti Airtel plea on dues-to-equity switch

If Airtel's request is accepted, the government would have 2 to 4 per cent equity in the telco

FM directs public insurers to adopt AI, expand portfolios for new risks

FM asks state-run insurers to tackle emerging risks like cyber fraud, diversify products, use AI for pricing and claims, improve penetration and transform digitally

Govt likely to upgrade four Miniratna PSUs to Navratna status soon

Govt plans to upgrade Cochin Shipyard, Goa Shipyard, GRSE, and MOIL

Lenders plan fresh auction of defunct airline Go First's Thane land

The official added the lenders were considering a relaxation of some eligibility criteria because the existing rules had made it difficult to sell the land parcels