Finance Ministry unveils PLI scheme for senior executives of public sector banks
In a bid to lift the spirits of senior executives of public sector banks (PSBs), the Finance Ministry has unveiled
Continue reading
Tag: Department of Financial Services
DFS Secretary warns MFIs on reckless lending to SHGs, cites risk to sector stability
The Department of Financial Services (Finance Ministry) Secretary M. Nagaraju on Wednesday sounded a note of caution to Microfinance Institutions
Continue reading
Bank unions push back against government ‘micromanagement’ in employee performance reviews
Bank unions have expressed their opposition to the government’s “unwarranted intervention” in internal bank affairs, specifically concerning the periodic reviews
Continue reading
FinMin overhauls middle management structure in nationalised banks, increases number of posts
Call it Diwali bonanza for public sector bank employees at the Chief Manager and above levels in the nationalised banks.
Continue reading
Banks asked to check mis-selling, safeguard account holders’ interest: DFS Secy
Financial Services Secretary Vivek Joshi has said that public sector banks have been asked to check mis-selling of insurance products
Continue reading
Finance Ministry explores amendments in SARFAESI and DRT Acts for swift debt recovery
Finance Ministry on Saturday held extensive discussions with the top brass of banks and debt recovery tribunals regarding further amendments
Continue reading