Page 2 - Harsh Kumar

Cabinet clears Rs 5,000 cr equity infusion for SIDBI to boost MSME credit

The Cabinet decision extends government funding and gap support for Atal Pension Yojana till FY31, aiming to deepen financial inclusion and ensure old-age income security for unorganised sector worker

Cabinet clears ₹5,000 crore equity infusion into SIDBI to boost MSME credit

The government's phased equity support aims to strengthen SIDBI's capital base, expand MSME lending, improve credit access and support employment growth while keeping capital adequacy well above regul

Centre likely to amend Sarfaesi Act for control over Central Registry

The Centre is considering amendments to the SARFAESI Act to clarify oversight of CERSAI, empower RBI, remove legal ambiguities, and improve credit enforcement and ease of doing business

Centre to hold national review of RRBs' financials, PSL on January 30

The meeting will be chaired by M Nagaraju, Secretary, Department of Financial Services (DFS), Ministry of Finance

Budget 2026: PSU bank's officers union seeks tax relief on leased housing

Bank of Maharashtra union urges Centre to amend rules to exclude leased accommodation and concessional staff loans from taxation

Punjab National Bank logs best ever quarterly profit of ₹5,100 cr in Q3

Punjab National Bank posts its highest-ever quarterly profit in Q3FY26, aided by strong non-interest income, improved asset quality and higher capital adequacy

Haryana Gramin Bank sets up IPO cell, aims to approach regulator soon

Haryana Gramin Bank has set up a dedicated IPO cell and, with support from PNB, plans to approach Sebi for listing by the end of the year, aiming to boost transparency and growth

AIBOC flags security lapses, seeks curbs on bank officers' election duties

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 forms expert committee to frame assured payout mechanism under NPS

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

DFS secy asks PSU insurers to boost profits, strengthen retail business

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

Aim to expand UPI's footprint with East Asia push: DFS secy M Nagaraju

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

Budget 2026-27: Govt likely to amend law to speed up debt recovery

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

Budget 2026-27: CII wants Centre to fast-track PSE privatisation

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

FinMin to review PSBs' progress on unclaimed deposits on January 14

"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

Rate cuts may impact margins by up to 5-10 bps: PNB MD Ashok Chandra

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

Aim to make Central Bank customer-centric, digitally agile: MD & CEO

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

CPSEs' research expenditure increases 25.6% to ₹9,691 crore in FY25

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

Govt panel reviews foreign banks' plans to open branches in India

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

Banks may soon sponsor pension funds as PFRDA approves major NPS reforms

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

Finance ministry notifies rules to enable 100% FDI in insurance sector

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