New Delhi, April 30 (IANS) As many as 50,552 candidates have been selected and issued offer letters to work for public sector banks during FY 2025-26, representing a 33 per cent jump over the corresponding figure of 37,860 in FY 2024–25, the Finance Ministry said on Thursday.The sharp rise in recruitment builds on the trend observed in preceding years, with 30,827 new entrants joining public sector banks in FY 2023–24. The figures for the last three years reflect a clear and sustained year-o…
Latest Financial Inclusion News & Updates
Ahmedabad, April 16 (IANS) North Gujarat Postal Region has reported record revenue growth of 25.07 per cent in the financial year 2025-26, with total earnings rising to Rs 246.79 crore, officials said on Thursday. Officials added that the achievement is driven by strong expansion across postal banking, insurance, parcel services and citizen-centric delivery systems.According to data reviewed at a meeting in Ahmedabad, the growth was underpinned by broad-based performance across all seven operati…
New Delhi, April 13 (IANS) Prime Minister Narendra Modi said on Monday that more than 60 per cent of loans under the Pradhan Mantri Mudra Yojana have been availed by women.Addressing the ‘Nari Shakti Vandan Sammelan’ at the Vigyan Bhawan here, the Prime Minister noted that women in India are increasingly stepping forward to build their own identities through new businesses.”Today, our daughters are carving out their identities in new businesses. More than 60 per cent of loans under the Mudra sch…
Bhopal/Sehore, April 11 (IANS) In a major boost to women’s empowerment in Madhya Pradesh, Chief Minister Mohan Yadav will release the 35th instalment of the popular ‘Ladli Behna Yojana’ from Ashta in Sehore district on Sunday. He will directly transfer Rs 1,500 into the bank accounts of over 1.25 crore women beneficiaries across the state through a single-click DBT (direct benefit transfer). The event, to be held in Ashta, marks another milestone in the scheme that has become an additional…
New Delhi, March 24 (IANS) Digital non‑banking finance companies (NBFCs) deepened formal credit access by sanctioning nearly 10 crore loans amounting Rs 1.53 crore in the first three quarters of FY26, representing 78 per cent of overall personal loans, a report said on Tuesday.The report from the Fintech Association for Consumer Empowerment (FACE) said 9.9 crore digital personal loans sanctioned during this period disbursed Rs 1,53,260 crore, the report further said.The digital personal loans …
New Delhi, March 21 (IANS) In yet another example of UPI going global, India and Bhutan have announced to launch a cross-border remittance initiative, which will enable efficient and affordable remittance services between both the countries.This will happen via the postal network by integrating the Universal Postal Union (UPU) PosTransfer system with India’s Unified Payments Interface (UPI). This initiative will enhance financial connectivity and make digital remittance services more accessibl…
New Delhi, March 17 (IANS) Aam Aadmi Party (AAP) Rajya Sabha MP Raghav Chadha, on Tuesday, raised the issue of minimum account balance penalties in the Upper house of Parliament, urging the Union government to end such charges on small bank accounts, saying that they disproportionately affect the poor and financially vulnerable.Speaking in the Rajya Sabha, Chadha said banks have collected nearly Rs 19,000 crore in penalties over the last three years from customers, who failed to maintain the req…
New Delhi, March 11 (IANS) India undertook an “ambitious financial‑technology transformation in modern history,” to become “one of the world’s most advanced digital payment ecosystems” creating a model for developing economies, a report has said.India’s model shows how “government policy, technological innovation and widespread mobile connectivity can combine to create efficient payment infrastructure,” the report from Azerbaijan-based News.az said.India’s digital payment revolution has …
Ahmedabad, March 9 (IANS) The Reserve Bank of India (RBI) on Monday launched the sixth edition of the Digital Payment Awareness Week (DPAW) in Ahmedabad with a women-centric outreach programme, highlighting the need for greater public awareness on safe digital transactions amid rising cases of online fraud.The week-long campaign, being observed across India from March 9 to March 15 under the national initiative ‘Har Payment Digital’, is led by the RBI’s Department of Payment and Settlement…
Jaipur, March 6 (IANS) More than 16 lakh women across Rajasthan have become ‘Lakhpati Didis’ due to the state government’s initiatives toward women’s empowerment and financial inclusion, officials said. “To provide economic support and employment opportunities for rural women, Rural Women’s BPOs will be established at the district level with an expenditure of Rs 100 crore,” officials added on Thursday.In addition, the loan limit under the Chief Minister Lakhpati Didi Loan Scheme has been increas…