Search For "finance"
PSBs achieve Rs 1.41 lakh crore net profit; GNPA drops to 3.12 per cent
Updated : 1 year, 6 months ago IST
Indian Public Sector Banks (PSBs) have recorded their highest-ever aggregate net profit of Rs 1.41 lakh crore in the financial year 2023-24, the Ministry of Finance said in a release on Sunday.
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Centre released Rs 71,889 crore to states under various heads for FY 2024-
Updated : 1 year, 6 months ago IST
The Centre has released Rs. 71,889 crore to the States under various heads for FY 2024-25 based on the recommendations of 15th Finance Commission (XV-FC), the Finance Ministry said on Sunday as part of its FinMin Year Review 2024 initiative.
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Department of Expenditure grants states additional borrowing ceiling of Rs
Updated : 1 year, 6 months ago IST
In a post on the social media platform X, the ministry added that the net borrowing ceiling for the states is fixed at 3 per cent of the Gross States Domestic Product (GSDP), i.e., Rs 9,39,717 crore for the financial year 2024-25 as per the recommendations of the Fifteenth Finance Commission
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DBT through Public Financial Management System supports Digital India: Fin
Updated : 1 year, 6 months ago IST
As part of its FinMin Year Review 2024 initiative, the Finance Ministry in a social media post on X, stated that DBT through Public Financial Management System (PFMS) supports Digital India by enabling electronic payment and receipt for Ministries and Departments in both Centre and States.
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Vice President Jagdeep Dhankhar, Jyotiraditya Scindia attends 50th Foundat
Updated : 1 year, 6 months ago IST
The Indian Posts and Telecommunications Accounts and Finance Service (IP&TAFS) celebrated its 50th Foundation Day in New Delhi on Saturday, according to an official release from the Ministry of Communications.
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SCBs see a sharp drop in NPA ratio, falling to 2.67% in June 2024 from 11.
Updated : 1 year, 6 months ago IST
The gross nonperforming assets (NPA) ratio for scheduled commercial banks (SCBs) witnessed a significant reduction to 2.67 percent in June 2024 from 11.18 percent in March 2018, the Finance Ministry stated on Saturday.
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PMJJBY has provided Rs 2 lakh life insurance coverage to over 21 crore ben
Updated : 1 year, 6 months ago IST
Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) has provided Rs 2 lakh life insurance coverage to over 21 crore beneficiaries, ensuring financial security for families in times of uncertainty, the Finance Ministry said on Saturday.
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48 crore Indians enrolled in Rs 2 Lakh accident insurance under PMSBY: Fin
Updated : 1 year, 6 months ago IST
Nearly 48 crore individuals have enrolled in Rs 2 lakh accident insurance coverage through the Pradhan Mantri Suraksha Bima Yojana (PMSBY), the Finance Ministry said on Saturday.
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Kerala CM Vijayan urges PM Modi to withdraw decision on VGF for Vizhinjam
Updated : 1 year, 6 months ago IST
Kerala Chief Minister Pinarayi Vijayan has written a letter to Prime Minister Narendra Modi, urging him to intervene and withdraw the Finance Ministry's decision requiring the state to repay the Viability Gap Funding (VGF) for the Vizhinjam International Seaport project.
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UPI achieves 15,547 crore transactions worth Rs 223 lakh crore from Januar
Updated : 1 year, 6 months ago IST
The Unified Payments Interface (UPI) has registered achieved 15,547 crore transactions worth Rs 223 lakh crore from January to November this year, the Finance Ministry said on Saturday.
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Atal Pension Yojana crosses 7 crore subscribers, strengthening retirement
Updated : 1 year, 6 months ago IST
Highlighting the program's success, the Ministry posted on X, "With more than seven crore subscribers under Atal Pension Yojana #APY, offers secure retirement with guaranteed #PensionBenefits, ensuring peace of mind after retirement for its beneficiaries. #FinMinYearReview2024 #BankingIni
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3rd India-UK Financial Markets Dialogue held in GIFT City, Gujarat
Updated : 1 year, 6 months ago IST
The third India - UK Financial Markets Dialogue (FMD) took place at GIFT City (Gujarat International Finance Tec-City) in Gujarat on Thursday, according to an official release from the Ministry of Finance.
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