Page 9 - Harsh Kumar

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

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

FinMin asks sponsor banks to draft 5-year growth plan for RRBs

The finance ministry has also asked the sponsor banks of RRBs to submit action plans for expansion of branches and business of RRBs in the next five years

Deposit insurance cap hike likely soon, may go beyond ₹5 lakh in 6 months

The deposit insurance limit refers to the amount of savings in bank deposits whose safety is assured if a lender goes bankrupt

Finance ministry pulls up public-sector banks over staff misconduct

Ministry asks lenders to strengthen handling customer grievances following several incidents

DoT once again knocks on finance ministry's door to repay MTNL debt

The total outstanding dues to the PSBs of MTNL is Rs 8,415.55 crore

Punjab & Sind Bank, IoB chiefs likely to get extended tenures soon

"Granting extension of tenures to PSB & IOB MDs is at a final stage. Both MDs have two years of services left. The final notification will come soon," said the source

Ex-Uco bank chief Subodh Goel arrested in Rs 6,210 cr loan fraud case

The former CMD of Uco bank was arrested by the ED from his residence in New Delhi; special PMLA court in Kolkata grants ED custody of Goel till May 21

Slew of PSU stake sales soon; govt plans to divest 6.5% in LIC in tranches

"This year, we will follow a strategy of regular offers for sale (OFS) in small tranches. We are officially giving forward guidance for small investors to look out for it," says Dipam Secretary

Hope to deliver more to Centre to stay the fiscal course: DIPAM Secy Chawla

Public stocks are a very good hedge in anyone's portfolio because the government is behind them. We enforce fair dividend norms very strictly, Chawla said

Centre plans to list at least five regional rural banks by FY27-end

Post the latest amalgamation effective May 1, there are 28 RRBs in 26 states and 2 UTs with more than 22,000 branches covering 700 districts

Centre pushes CPSEs towards tech adoption, AI focus to boost efficiency

The senior official further explained that the change in traditional approach means CPSEs need to develop more core systems through the new emerging technologies such as AI

Now hiring: Centre to fill 25 top posts in financial institutions soon

FSIB will conduct interviews and prepare the shortlist

FM Nirmala Sitharaman to meet PSB chiefs on Thursday for annual review

The cumulative profits of PSBs surged to a record ₹1.78 trillion in FY25, registering a growth rate of 26 per cent over the previous year. All 12 PSBs saw profits of ₹1.41 trillion in FY24.