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Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector

Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector

by AIP Online Bureau | Oct 5, 2025 | Eco/Invest/Demography, Indian News, Policy, Regulation, Wealth Management/ Philanthropy

Nirmala Sitharaman,Union Finance Minister M. Nagaraju, Secretary, Department of Financial Services (DFS) added that unclaimed insurance proceeds stand at over Rs 13,800 crore, unclaimed balances in mutual funds amount to about Rs 3,000 crore, and unpaid dividends...
Sitharaman urges citizens to raise awareness about Rs1.84 trillion unclaimed assets in financial sector

India’s resilience stands out amid increased global uncertainties: Sitharaman

by AIP Online Bureau | Sep 25, 2025 | Eco/Invest/Demography, Indian News, Policy, Risk Management

“But amidst all uncertain global situations, India’s resilience stands out and several favourable factors, such as strong macroeconomic fundamentals, a young demography, and greater reliance on domestic demand, provide the core strength to the Indian...
PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

by AIP Online Bureau | Sep 13, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Policy, Risk Management, Technology

M Nagaraju, Financial Services Secretary Key suggestions included adopting next-generation technologies, building common infrastructure, and designing hyper-personalized products. The discussions stressed the importance of modernising PSB technology by moving beyond...
PSU banks ready to play a larger role towards Viksit Bharat 2047: DFS Secretary

No Insurance Amendment Bill in Parliament’s Monsoon session

by AIP Online Bureau | Jul 28, 2025 | Eco/Invest/Demography, Indian News, Life, Non-Life, Policy

M Nagaraju, Secretary, Department of Financial Services “The Bill is not in the agenda of  the current session of the Parliament,’’ confirmed M Nagaraju, secretary, Department of Financial Services(DFS) Mumbai: It is now official. The much awaited...
Banks need to build resilience against cyber threat: DFS Secretary

Banks need to build resilience against cyber threat: DFS Secretary

by AIP Online Bureau | Jul 19, 2025 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

Financial Services Secretary M Nagaraju Launched in December 2024, the ‘Code Against Malware’ hackathon invited student teams from IIT Kanpur and other premier institutions to develop endpoint security solutions to detect ransomware, using behavioural...
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