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Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs

Sitharaman asks public sector banks to focus on youth; provide cool, simple banking to suit their needs

by AIP Online Bureau | Aug 18, 2026 | Banking & Bancassurance, Eco/Invest/Demography, Indian News

Finance Minister Nirmala Sitharaman Sitharaman also pointed to the perception gap between public and private sector banks among younger customers, saying private banks appeared to have an image of being banks that were “cool enough as well”, and urged PSBs...
DFS Secretary Nagaraju reviews functioning of PSU general insurers

DFS Secretary Nagaraju reviews functioning of PSU general insurers

by AIP Online Bureau | Apr 29, 2026 | Indian News, Non-Life, Policy, Workplace/Employee Benefits

M Nagaraju,secretary,DFS Nagaraju emphasized that PSICs should focus on increasing investment opportunities and devise strategies to reduce loss ratios, while maintaining market share and consistently strengthening their retail portfolios and presence across rural and...
Govt drops any merger plans among PSU general insurers

Govt drops any merger plans among PSU general insurers

by AIP Online Bureau | Apr 12, 2026 | Indian News, Non-Life, Policy

Though, the government had not announced any specific plans for the mergers among PSU general insurers-New India Assurance, Oriental Insurance, United India Insurance, United India Insurance-  in recent times, the Department of Financial Services(DFS) was...
DFS Secretary Nagaraju reviews functioning of PSU general insurers

Dip-stick Survey:DFS Secy takes up unsatisfied closed complaints with banks and insurers

by AIP Online Bureau | Mar 27, 2026 | Banking & Bancassurance, Health, Indian News, Life, Non-Life, Policy, Regulation

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...
Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

Govt cheers OIC crossing Rs 20k gross premiumin in Fy 26, reiterates its continued support for PSU insurers

by AIP Online Bureau | Mar 27, 2026 | Indian News, Non-Life, Policy

OIC poised to introduce forward-looking solutions like Sarvatra Suraksha Parametric Insurance Policy, Nil Depreciation Comprehensive Policies, including long-term variants and Surety Bond Insurance, aligning with evolving risk landscapes and national priorities. New...
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