Search For "dfs secretary"
Banking sector strong, resilient; credit expansion and capital needs in fo
Updated : 4 months ago IST
On non-banking financial companies (NBFCs), Nagaraju said both government-owned and private NBFCs play a significant role in funding infrastructure and reaching borrowers underserved by banks. "While NBFCs have shown strong growth, profitability, and outreach, he noted the continuing debate
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NBFCs merger to enhance capital strength, extend financing to multiple pro
Updated : 4 months ago IST
In a post-Budget conversation with ANI, Secretary. DFS said, "Both Rural Electrification Corporation (REC) and Power Finance Corporation (PFC) provide project financing to the public and private sectors in energy. If two NBFCs are financing the same projects in the same sector, it makes r
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India's financial inclusion transforms lives of millions: DFS Secretary
Updated : 4 months, 3 weeks ago IST
India's ambitious financial inclusion drive has fundamentally transformed the economic landscape for hundreds of millions of citizens, particularly women and rural populations, a senior government official said at the Global Inclusive Finance Summit.
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DFS Secretary chairs Inter-Departmental Committee meeting to consider fore
Updated : 5 months ago IST
It was attended by member ministries or departments, i.e., the Ministry of Home Affairs (MHA), the Ministry of External Affairs (MEA), the Department of Commerce (DoC) and the Reserve Bank of India (RBI), according to an official release by the Ministry of Finance.
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DFS secretary M Nagaraju chairs review meeting to discuss issues related t
Updated : 6 months, 1 week ago IST
Progress on the cases that were admitted at NCLT, those which were resolved at NCLT and the ones disposed off outside the IBC was acknowledged. The review of major cases awaiting admission and resolution at the NCLT benches was undertaken. Secretary (DFS) emphasised that the timelines in
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Fintech sector must focus on financial education and consumer protection,
Updated : 11 months ago IST
Department of Financial Services Secretary M Nagaraju has called upon India's FinTech sector to prioritize financial education and consumer protection as the country continues its digital transformation journey.
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Government actively considering raising deposit insurance limit beyond Rs
Updated : 1 year, 3 months ago IST
Deposit insurance, as we know it today, was introduced in India in 1962. India was the second country in the world to introduce such a scheme, the first being the US in 1933. Banking crises and bank failures worldwide underscored the need for depositor protection.
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DFS Secretary chairs meeting to expedite resolution of public grievances
Updated : 1 year, 5 months ago IST
M Nagaraju, Secretary, Department of Financial Services (DFS), chaired a meeting on Wednesday and reviewed 20 randomly selected public grievances resolved by Public Sector Banks (PSBs) and insurance companies to assess resolution quality.
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DFS secretary chairs conference to focus on reducing pendency, optimising
Updated : 1 year, 8 months ago IST
The meeting addressed issues such as reducing pendency, adopting best practices, optimising recoveries, and rolling out the new DRT Regulations 2024. The primary focus of the discussions was on streamlining the recovery process through improved mechanisms and collaborative efforts from all s
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DFS Secretary Vivek Joshi reviews performance of financial inclusion schem
Updated : 1 year, 10 months ago IST
Secretary at Department of Financial Services (DFS), Vivek Joshi, chaired a review meeting on the progress and performance of financial inclusion schemes, including PM SVANidhi, PM Vishwakarma and Jan Samarth Portal with senior executives of private sector banks in the national capital on Tu
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Finance ministry urges banks to enhance customer experience and financial
Updated : 1 year, 11 months ago IST
In a meeting in New Delhi on Tuesday, Department of Financial Services (DFS) Secretary Dr. Vivek Joshi chaired a review meeting where initiatives such as CKYC, the Jan Samarth portal, Aadhar seeding, and other relevant schemes were reviewed.
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Technology, innovation key to inclusive growth of financial sector: DFS se
Updated : 2 years, 5 months ago IST
A focus on financial sector reforms aimed at creating stability, resilience and efficiency in the financial sector, and based on technology and digitisation, would contribute greatly towards stimulating inclusive growth and help India to emerge as a developed country by 2047, Dr Vivek Joshi,
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