Financial Inclusion

Financial inclusion major step towards inclusive growth, says Finance Minister Nirmala Sitharaman

Sitharaman said the success of the Pradhan Mantri Jan Dhan Yojana since 28 August, 2014 is reflected in terms of opening of over 46 crore bank accounts

Finance Ministry to showcase achievements of financial inclusion at Republic Day parade

The Finance Ministry will showcase achievements of the financial inclusion drive through a tableau during the Republic Day parade on 26 January

Many countries have cautioned India against cryptocurrencies; RBI has banned its use, says Nirmala Sitharaman

The RBI has banned the use of cryptocurrencies in India.

Reserve Bank of India changes daily reporting system in cooperative banks after PMC Bank crisis

The RBI had put regulatory restrictions on PMC Bank after finding irregularities, and misreporting of loans given to real estate developer HDIL

Most banks fail on policies of climate change, human rights; inaction leaves sector vulnerable to investment risks: Report

As per the Fair Finance Guide India scorecard, three out of eight Indian banks have scored high on parameters of financial inclusion and corruption.

PSU bank mergers: Consolidation is no panacea as social banking goals remain with state in a vulnerable economy

Some of the fundamental objectives for which banks were nationalised in the first place remain critical for managing India's complex economy.

From GST to Insolvency and Bankruptcy Code, Arun Jaitley, Modi's consensus man, defied status quo after a lull in policymaking

Arun Jaitley spearheaded the consensus generation process interacting with opposition ruled states and finally managing to get the required approval from majority states.

FinMin asks PSBs to seek ideas from branches for achieving $5 trillion economy; to prepare roadmap for banking sector

It will be a bottom-up consultative process with PSBs from the branch level onwards of which will involve discussions at the branch or regional level, state level and national level.

Nandan Nilekani-led committee suggests measures to encourage digital payments, financial inclusion

Customers must be allowed to initiate and accept a reasonable number of digital payment transactions with no charges, the committee suggested

Tata Consultancy Services modernises 1.5 lakh post offices under multi-year deal with India Post

In 2013, TCS had announced receiving an over Rs 1,100- crore multi-year contract from the Department of Posts