In a significant move to address the growing menace of digital financial frauds, the Department of Financial Services (DFS) has directed banks to adopt advanced technologies, including Artificial Intelligence (AI) and Machine Learning (ML), to safeguard customers from fraudsters.
Sharing the development on social media platform X, the Ministry of Finance posted on X, "Union Minister for Finance and Corporate Affairs @nsitharaman chairs the review meeting of the Regional Rural Banks #RRBs of the Eastern Belt, in Patna, today. Also in attendance are @samrat4bjp , Deput
Union Minister for Finance and Corporate Affairs, on Saturday, Nirmala Sitharaman launched the National MSME Cluster Outreach Programme, organised jointly by the Department of Financial Services (DFS), Ministry of Finance, Government of India, and Small Industries Development Bank of India (
The Department of Financial Services (DFS) which functions under the Finance Ministry reviewed the progress of credit disbursement to agri-allied activities such as animal husbandry, dairying and fisheries with Public Sector Banks (PSBs), NABARD and State/ UT Level Bankers' Committee.
"The Department of Financial Services (DFS), under the Ministry of Finance, has issued an order to the nationalized banks directing them to conduct performance reviews of employees and officers and prematurely retire those who are found to be below the par. I write this letter to request you
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
M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, said today, "All of us are aware that India's robust banking system is getting ready to meet the needs of Viksit Bharat."
New Delhi [India], August 29: Researchers from the Indian Institute of Management, Bangalore, and SP Jain Institute of Management & Research recently published a joint report, which objectively concludes that the effect of the user's skill is significantly more than that of chance, in de
The Delhi Fire Service Personnel (DFSP) has been trying to douse out the fire that broke out at a multi-story building in Mayur Vihar Phase 2 late last night.
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
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.
Three people were injured after an LPG cylinder exploded in a residential building in Delhi's Uttam Nagar area, the Delhi Fire Services (DFS) officials said on Monday.