August 2, 2025

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Govt, RBI weigh options on NBFC entry into banking – Banking & Finance News

  • July 11, 2025

The government and the Reserve Bank of India are looking at the entry of new banks and merge some of the existing public sector banks to create a financial system that can encourage risk-taking ability to support the pace of growth in a country that is slated to be the third largest economy by 2027-28.

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Banking

Focus on selling insurance products along with core banking operations: Govt to PSBs – Money News

  • June 9, 2025

The Department of Financial Services (DFS) has directed public sector banks (PSBs) to focus on selling insurance products along with their core banking objective, according to a CNBC TV report. Acknowledging the importance of public sector banks to meet ‘Insurance for All by 2027’ target, the DFS has asked PSU lenders to focus on insurance

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