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Financial services secretary urges fintechs to drive financial inclusion

New Delhi, July 7 -- To make fintech the prime vehicle for achieving financial inclusion, the Centre wants them to focus on developing solutions for offline payments, voice-based authorization tools, ... Read More


Sitharaman proposes partnering with European Investment Bank on digitalization

New Delhi, July 1 -- Finance minister Nirmala Sitharaman on Tuesday met Nadia Calvino, president of the European Investment Bank (EIB) Group, and proposed partnering with the bank to take India's digi... Read More


Centre launches financial inclusion saturation drive across 270,000 villages, towns

New Delhi, July 1 -- In yet another effort to expand the reach of the government's financial inclusion schemes across the country, the Department of Financial Services under the finance ministry has l... Read More


Govt asks private lenders to boost participation in financial inclusion schemes

New Delhi, June 30 -- The Union finance ministry on Monday exhorted private sector banks to increase their participation in financial inclusion schemes and serve the marginalized sections of society b... Read More


Nudged by finance ministry, PSBs to develop new framework for NPA recovery; special teams to focus on high-value loans

New Delhi, June 29 -- Public sector banks (PSBs) are drawing up a plan to lay a threshold of Rs.100 crore and above and set up specialized teams to recover bad loans, two persons aware of the matter s... Read More


Sitharaman asks banks to step up lending as interest rates fall

New Delhi, June 27 -- Finance minister Nirmala Sitharaman has asked public sector banks to step up lending after Reserve Bank of India cut key policy rates early this month and contribute to the growt... Read More


IWAI takes key decisions related to inland waterways; approves DPR for ship repair facility at Patna

New Delhi, June 25 -- The Inland Waterways Authority of India (IWAI) on Wednesday took several key decisions related to the inland waterways transport (IWT) sector, including setting up three tourist ... Read More


FASTag annual pass for private vehicles may cut toll road operators' revenue

New Delhi, June 25 -- The upcoming Rs.3,000-FASTag annual pass will benefit frequent private commuters but dent toll operators' revenues by 4-8%, ratings agency Crisil said in a report on Wednesday. ... Read More


India on track to make Chabahar preferred port of call in Iran for trade with Central Asian nations, says shipping secy

New Delhi, June 25 -- India is pushing ahead to make Chabahar, located in the strategic southeastern corner of Iran, its main port of call in a bid to pivot away from Bandar Abbas near the Strait of H... Read More


Fin min, RBI meet govt officials on scaling up Unified Lending Interface

New Delhi, June 23 -- M. Nagaraju, secretary, department of financial services (DFS) and officials of the Reserve Bank of India on Monday held a meeting with officials from various ministries and depa... Read More