New Delhi, Jan 31 (IANS) The total business of 28 Regional Rural Banks (RRBs) has crossed Rs 12 lakh crore in the first half this fiscal (FY26), according to the government.Currently, 28 RRBs are operating through 22,158 branches across 26 states and three Union Territories, covering about 730 districts.“Total business of all 28 RRBs has crossed Rs. 12 lakh crore, surpassing business level of few individual PSBs in the 1st half of Financial Year 2025-26,” according to Finance Ministry.These …
Latest Department of Financial Services News & Updates
New Delhi, Jan 24 (IANS) Major bank employee and officer unions in India have announced a nationwide strike on January 27 to press for the introduction of a five-day work week in the banking sector. The strike will begin at midnight on January 26 and continue until midnight on January 27, potentially affecting banking services across the country, according to NDTV Profit report.The strike notice has been issued by the United Forum of Bank Unions (UFBU), a joint platform representing nine bank un…
New Delhi, Jan 24 (IANS) Prime Minister Narendra Modi distributed more than 61,000 appointment letters to the newly appointed youth in various government departments and organisations at the 18th Rozgar Mela on Saturday.The newly recruited candidates, selected from all parts of India, will be joining various Central ministries and departments, including the Ministry of Home Affairs, the Ministry of Health and Family Welfare, the Department of Financial Services, and the Department of Higher Educ…
New Delhi, Jan 23 (IANS) Prime Minister Narendra Modi will distribute more than 61,000 appointment letters to the newly appointed youth in various government departments and organisations at the 18th Rozgar Mela on Saturday, according to a statement issued by his office on Friday.The Prime Minister will address, via video conferencing, the 18th Rozgar Mela, to be held at 45 locations across the country. The newly recruited candidates, selected from all parts of India, will be joining various Cen…
New Delhi, Jan 21 (IANS) The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved equity support of Rs 5,000 crore to Small Industries Development Bank of India (SIDBI).”The equity capital of Rs 5,000 crore shall be infused into SIDBI by the Department of Financial Services (DFS) in three tranches of Rs 3,000 crore in financial year 2025-26 at the book value of Rs 568.65 as on March 31, 2025 and Rs 1,000 crore each in financial years 2026-27 and 2027-28 at the book value…
Gandhinagar, Jan 19 (IANS) Under the nationwide financial awareness drive titled ‘Your Money, Your Right’, more than Rs 104 crore has been returned to original account holders in Gujarat, reaffirming the principle that every rupee saved by citizens rightfully belongs to them and their families.The campaign was formally launched in October 2025 from Gandhinagar, the capital of Gujarat, in the presence of Union Finance Minister Nirmala Sitharaman, who flagged off the initiative at the national lev…
Mumbai, Jan 19 (IANS) Underscoring the vision of ‘Insurance for All by 2047’ as roadmap for inclusive insurance growth, M. Nagaraju, Secretary, Department of Financial Services (DFS), said on Monday that the Indian insurance sector, an integral part of the financial system, plays a significant role in the economy by providing protection against mortality, property and casualty risks, encouraging savings, and providing long-term funds for infrastructure development and other long-gestation pr…
Mumbai, Jan 17 (IANS) The Secretary of the Department of Financial Services (DFS), M. Nagaraju, on Saturday said that LIC has transformed into a tech-enabled and capital-efficient financial powerhouse, remaining one of the most trusted brands in Indian households. Speaking at LIC’s Strategy Meet here, the Secretary highlighted the company’s historic transformation from a traditional brick-and-mortar insurer into a digitally driven, value-focused organisation.“LIC has transformed into a tec…
New Delhi, Jan 14 (IANS) The Finance Ministry’s Department of Financial Services, in association with public sector banks, on Wednesday launched a composite ‘Salary Account Package for Central Government Employees’, aimed at enhancing their financial well-being and social security, according to an official statement.The initiative will provide Central government employees a comprehensive suite of banking and insurance benefits under a single, seamless account structure. The packages have been …
New Delhi, Jan 13 (IANS) The Centre said on Tuesday that the Department of Financial Services (DFS) with Public Sector Banks (PSBs) will unveil the Composite Salary Account Package for Central government employees on January 14.The initiative offers Central Government employees a unified account combining banking and insurance benefits, designed with banks to ensure broad coverage, consistency, and convenience for all cadres (Groups A, B, and C).“The Department of Financial Services with Publi…