The Ministry of Finance on Tuesday said that various measures taken by the Union government have contributed to the sustained financial health and robustness of the banking sector as a whole.
These banks are: Bank of Baroda, Bank of India, Bank of Maharashtra, Canara Bank, Central Bank of India, Indian Bank, Indian Overseas Bank, Punjab National Bank, UCO Bank and IDBI Bank Limited.
Speaking at the inaugural ceremony of 4th RE-Invest Summit hosted by MNRE and CII, the minister said that India’s renewable energy capacity addition has grown by 175 per cent and renewable energy generation has grown by 86 per cent since 2014.
Union Minister of Labour and Employment and Chairperson, Central Board of Trustees, EPF, Dr Mansukh Mandaviya has approved the proposal for a Centralised Pension Payment System (CPPS) for Employees’ Pension Scheme, 1995.
At a meeting conducted to review the performance of Public Sector Banks (PSBs) on Monday, Finance Minister Nirmala Sitharaman discussed a range of issues including financial parameters, deposit mobilisation, digital payments and cyber security framework.
Delivering a speech at the Financial Express Modern BFSI Summit in Mumbai, he said, “Deposit mobilisation has been lagging credit growth for some time now. This may potentially expose the system to structural liquidity issues.”
The market valuation of three of the top-10 most valued firms jumped Rs 1,06,125.98 crore last week (June 17 to 21). For the week, HDFC Bank and ICICI Bank emerged as the biggest gainers.
PhonePe said it has over 535 million registered users and aims to create a powerful and seamless user experience in the secured loans category.
On the occasion of Paschim Banga Gramin Bank's 18th Foundation Day, the bank has joined hands with M-Swasth to inaugurate 18 E-Clinics within its branches.
For NBFCs, loans with a ticket size below Rs 1 lakh constituted over 85 per cent of loan originations by volume in FY23.
