Sanjay Lohiya, special secretary, Department of Financial Services...
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99.92% of Indian villages now have banking facilities within 5 kms radius
Pankaj Chaudhary, Minister of State in the Ministry of Finance...
RBI mulling e-cheques, widening regulatory ambit to include digital payment cos
As part of its efforts to prevent fraud, the RBI is also planning...
Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers
M Nagaraju, secretary, Department of Financial Services Till date eighteen such meetings have been conducted and 360 grievances have been reviewed. The objective of such an exercise is to assess the efficacy of grievance resolution through a 'dip-stick survey' at the...
Mule networks biggest fraud threat for Indian firms: India Fraud Report 2026
Commenting on the findings, Sandesh GS, CTO, Bureau, said, "What gives us a real edge today is the network effect at scale. When you analyse identities and devices across ecosystems, you begin to see how the same fraud patterns, tools and behaviours repeat across...
No proposal under consideration on merger of PSU banks: MoS Finance
The amalgamation of PSBs, as envisaged, has contributed to improving operational efficiency and financial soundness of banks through streamlining of operations and reduction in costs, thereby resulting in increasing consolidated business of banks, Minister of State...
Govt may consider OFS option for raising public float in IDBI Bank
Earlier this month, the proposed sale of a 60.72 per cent majority stake, held jointly by the government and the LIC, was scrapped after financial bids from two potential buyers reportedly fell short of the reserve price. New Delhi:The government may consider selling...
Gulf banks face $307 billion deposit flight risk if war worsens, S&P says
An S&P report said it had seen no evidence of major outflows of foreign or local funding from banks in the Gulf, which have proved resilient since war broke out in the region last month.Banks insist they are continuing to serve clients, without interruption...
IDBI Bank strategic sale scrapped as financial bids below reserve price: Sources
Currently, the government and state-owned LIC together hold a 94.71 per cent stake in IDBI Bank. The government owns 45.48 per cent, and LIC holds 49.24 per cent in the lender. Of this, the government and LIC are looking to sell 60.72 per cent in IDBI Bank.The...
Citi, StanChart evacuate Dubai offices, HSBC closes Qatar branches as fears grow
The moves came after a spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday that Iran will target economic and banking interests linked to the U.S. and Israel in the region, after an attack on an Iranian bank. DUBAI/LONDON:...
Utkarsh Small Finance Bank’s strategic partnership with Kotak Mahindra Life Insurance
Utkarsh Small Finance Bank today announced a strategic partnership with Kotak Mahindra Life Insurance marking a significant milestone in the bank’s product expansion strategy. This collaboration significantly strengthens Utkarsh SFBL’s life insurance vertical,...
Govt assessing impact on financial entities if war breaks out in Middle East: DFS Secy
M Nagaraju,Secretary , Department of Financial Services In the remarks during a speech at the Indian Banks' Association's Annual General Meeting, Department of Financial Services Secretary M Nagaraju underscored how India has managed a slew of geopolitical challenges...
PSU banks and insurers playing a central role in advancing national priorities: Govt
(Lto R) R Doraiswamy, CEO &MD, LIC, CS Shetty,Chairman, SBI and M Nagaraju, Secretary, Department of Financial Services(DFS) at Chintan Shivir, 2026, organised by the Department of Financial Services(DFS) in Coorg The primary objective of Chintan Shivir,...