Tag Archives: financial inclusion

India Post Payments Bank (IPPB) has won the Union Finance Ministry’s Digital Payments Award 2024‑25 for its role in widening access to cash‑lite transactions and driving financial inclusion across the country.The trophy was presented in Delhi by Finance Minister Nirmala Sitharaman and MoS (Finance) Pankaj Chaudhary to IPPB MD & CEO R Viswesvaran and CGM G Rai Bansal. The recognition …

MUMBAI: Finance minister Nirmala Sitharaman on Friday called upon banks to embrace innovation and digital transformation, emphasising the need to adapt to changing customer expectations and technological advancements.At an event in State Bank of India (SBI), where she virtually inaugurated 70 new branches and 501 women customer service points across the country, she said: “With a legacy spanning 218 years, …

NEW DELHI: More than 54.5 crore JanDhan accounts have been opened till January 15, 2025, of which about 56 per cent belong to women, Finance Minister Nirmala Sitharaman said on Monday. Replying to a question in the Lok Sabha, the minister said the government started Pradhan Mantri Jan Dhan Yojana (PMJDY) in August 2014 to provide universal banking services for …

NEW DELHI: The micro finance institutions (MFIs) industry in India has witnessed a skyrocketing growth of more than 2,176 per cent in the past 12 years, with its business soaring from Rs 17,264 crore in March 2012 to Rs 3.93 lakh crore as of November 2024. This was highlighted during a meeting chaired by M Nagaraju, secretary of the department …