Page 4 - Harsh Kumar

Glitter to gloom on the brass lanes as export orders dry up ahead of Diwali

Strap: In the aftermath of the US tariff, a ground report from Moradabad brings out the new realities of Peetal Nagri

Next-gen public-sector banks on agenda as two-day Manthan begins

Focus on cybersecurity, customer experience, scaling strategies

NaBFID to submit infrastructure financing report to DFS within 15 days

NaBFID will consult stakeholders and submit a report to the Department of Financial Services in 15 days after a meeting chaired by DFS Secretary M Nagaraju with top banks and DFIs

Amazon Pay India CEO bats for balanced MDR to support stakeholders

Bansal emphasised that the structure and rates of MDR should not be arbitrary but carefully crafted through consultation between the regulator and the industry

PSBs must marry innovation with trust, says SBI chairman CS Setty

SBI Chairman Challa Sreenivasulu Setty says PSBs must combine innovation, resilience and trust to stay competitive as digitalisation, fintech and cybersecurity reshape banking

PSBs shut 1.5 mn inoperative Jan Dhan accounts in 1-time exercise in April

Launched in August 2014, PMJDY was launched by Prime Minister Narendra Modi as a financial inclusion programme to provide access to banking services to a vast unbanked population

Govt may line up four schemes to soften Donald Trump's tariff blow

Cabinet likely to take up proposal on Wednesday

PSBs' share in household deposits falls to 63%, private banks gain ground

The rise of small finance banks has also added to the competitive intensity, suggesting that private sector players will likely continue to expand their share in the market

Public Sector Enterprises are catalysts of growth: President Murmu

President Droupadi Murmu presented the SCOPE Eminence Awards 2022-23, lauding PSUs for driving growth, fostering inclusive development and shaping India's future

FinMin, MeitY assure transition period for Online Gaming Act compliance

Govt to provide transition period for banks and fintechs under Online Gaming Act 2025; compliance clarity to come once rules are notified

Govt to meet banks, fintechs on Aug 29 to discuss Online Gaming Act rollout

The meeting, to be cochaired by secretaries of Department of Financial Services and Meity, will focus on operational measures required to enforce ban on real-money online games, according to source

PMJDY turns 11 with 560 million accounts, ₹2.68 trillion deposits

PM Modi on Thursday said in his post on "X": "When the last mile is financially connected, the entire nation moves forward together

Weighed down by 50% US levy, Indian exporters recalibrate strategy

Vinod Kumar, president of the India SME Forum, said outreach to about 100,000 members has drawn 1,035 responses, with entrepreneurs already mapping ways to cope with the tariffs

AIBOC opposes Centre's plan to privatise IDBI Bank, warns of social risks

Bank officers' union AIBOC has opposed the Centre's plan to privatise IDBI Bank, saying it endangers public trust, social justice and economic sovereignty while risking financial exclusion

Cabinet extends PM SVANidhi scheme till 2030 with ₹7,332 crore outlay

Union Cabinet approves revamp of PM SVANidhi scheme with higher loan limits, RuPay credit cards, cashback incentives and wider coverage for 1.15 crore street vendors till 2030

MSMEs must focus on quality, competitiveness, and global integration: Govt

MSMEs contribute over 30 per cent to GDP and 45 per cent to exports, but leaders stress quality, innovation and Industry 4.0 adoption to boost competitiveness and global integration

Finance ministry allows one-time switch from new pension scheme to NPS

Finance ministry notification enables Central staff under the Unified Pension Scheme to shift to NPS once, not later than a year before superannuation

Step up efforts to expand pension coverage: PFRDA Chairperson S Ramann

PFRDA Chairperson S Ramann called on banks, particularly private lenders, to step up efforts, improve persistency, and enhance financial literacy for broader pension coverage

Public sector banks lose big as pension fund deposits plunge 87% in 5 years

Public sector banks see sharp erosion in pension fund and household deposits, while private banks capture larger shares amid rising demand for returns and convenience