Stay updated with the latest financial-inclusion news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on financial-inclusion topics.
New Delhi, Jul 17 (PTI) Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd. Following the acquisition, EQT will invest Rs 500 crore as growth capital to support geographic expansion and enhance digital capabilities of Niwas Housing Finance, a joint statement said. Also Read | 'A Decade of Digital India' Reel Contest by Government of India: How To Participa ...Read More >
New Delhi, Jul 17 (PTI) The Panchayati Raj Ministry on Thursday said it has brought together 19 partner institutes of planning and architecture to prepare spatial development plans for 36 gram panchayats across 14 states as a pilot project. A two-day workshop in this regard, titled 'Navingram --" Re-Imagining the Village', commenced in Madhya Pradesh capital Bhopal on Thursday, the ministry said in a statement. A Gram Panchayat Spatial Development Plan (GPSDP) is a comprehensive plan that guid ...Read More >
New Delhi, Jul 17 (PTI) Sweden-based investment firm EQT on Thursday completed the acquisition of Niwas Housing Finance Limited, formerly known as Indostar Home Finance, a subsidiary of IndoStar Capital Finance Ltd. Following the acquisition, EQT will invest Rs 500 crore as growth capital to support geographic expansion and enhance digital capabilities of Niwas Housing Finance, a joint statement said. This transaction valued at Rs 1,750 crore marks a significant milestone in Niwas' journey as ...Read More >
India's Unified Payments Interface (UPI), once a bold experiment in digital public infrastructure (DPI), is now emerging as a global payments powerhouse. In a landmark move, Prime Minister Narendra Modi launched UPI in Trinidad and Tobago, signaling India's growing ambition to expand its fintech footprint across the Global South and beyond. This marks a defining moment in UPI's international journey, as it accelerates toward becoming a competitor to traditional global payment giants. With trans ...Read More >
New Delhi, July 16 (SocialNews.XYZ) Nearly 1.4 lakh new PM Jan Dhan Yojana accounts were opened and more than 5.4 lakh new enrollments under three Jan Suraksha Schemes were achieved since July 1, according to the Department of Financial Services (DFS). DFS has launched a three-month nationwide campaign, effective from July 1 till September 30, to bolster the outreach of flagship schemes such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Man ...Read More >
India's finance ministry reports significant progress in its nationwide financial inclusion campaign. Approximately 1.4 lakh new Jan Dhan accounts have been opened, and over 5.4 lakh new enrolments were recorded under Jan Suraksha Schemes in the past two weeks. The campaign, running until September 30, 2025, aims to saturate all Gram Panchayats and Urban Local Bodies with key financial schemes. About 1.4 lakh new Jan Dhan accounts have been opened in the past fortnight under the nationwide fina ...Read More >
Union Minister Jyotiraditya Scindia has set an ambitious growth target of 20-30% for India Post's various circles in the current fiscal year. He emphasized cultivating a service-oriented culture to enable India Post to compete in logistics and financial services. The goal is to transform India Post into a sustainable profit center while upholding its social responsibility. Union minister Jyotiraditya Scindia has set a growth target of 20-30 per cent for various circles of India Post for the cur ...Read More >
New Delhi, Jul 15 (PTI) About 1.4 lakh new Jan Dhan accounts have been opened in the past fortnight under the nationwide financial inclusion saturation campaign, the finance ministry said on Tuesday. The Department of Financial Services (DFS), under the finance ministry, has launched a three-month nationwide saturation campaign, effective from July 1 to September 30, 2025, to bolster the outreach of flagship schemes, such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bi ...Read More >
New Delhi, Jul 15 (PTI) About 1.4 lakh new Jan Dhan accounts have been opened in the past fortnight under the nationwide financial inclusion saturation campaign, the finance ministry said on Tuesday. The Department of Financial Services (DFS), under the finance ministry, has launched a three-month nationwide saturation campaign, effective from July 1 to September 30, 2025, to bolster the outreach of flagship schemes, such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bi ...Read More >
Chennai, Jul 12 (PTI) Public sector Indian Overseas Bank must have a Vision for 2047 aligning with India's growth aspirations, M Nagaraju, Secretary, Department of Financial Services, Union Ministry of Finance, said. He urged the city-headquartered bank to continue serving the evolving needs of its customers with 'innovation and integrity.' Launching some of the key banking services at an event on Friday evening in the presence of the bank's Managing Director and CEO Ajay Kumar Srivastava, Naga ...Read More >
New Delhi, July 12 (SocialNews.XYZ) Over the last 16 years, Common Services Centres (CSCs) have become one of the world's largest digital service delivery networks, operating through more than 6.5 lakh functional centres in both rural and urban areas, according to the government. The CSC, a pioneering initiative under the 'Digital India' programme, will celebrate its 16th Establishment Day on July 16 at Yashobhoomi Convention Centre here. Union Home Minister Amit Shah will inaugurate the event ...Read More >
Srinagar, July 09: Chief Minister Omar Abdullah on Wednesday said that Jammu & Kashmir's tourism sector is witnessing a strong revival, with a steady rise in the number of tourists visiting the Union Territory each day.Abdullah, while addressing reporters in West Bengal ahead of the Kolkata Tourism Fair, said, "Tourists are coming back to Kashmir in good numbers. The ongoingAmarnathYatra is proceeding smoothly with heavy footfall on both the Pahalgam and Baltal routes, he said."I spoke to severa ...Read More >
New Delhi, Jul 9: Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NBFCs a ...Read More >
New Delhi, Jul 9 (PTI) Finance Minister Nirmala Sitharaman on Wednesday asked NBFCs not to aggressively market or push loans to customers and said financial inclusion cannot be used as a pretext for "financial exploitation". She also asked non-banking financial companies (NBFCs) to adhere to the Reserve Bank of India's loan recovery norms strictly, and keep interest rates at reasonable levels. Addressing an NBFC Symposium 2025 here, Sitharaman said there should be deep collaboration between NB ...Read More >
Kota: Chief minister Bhajan Lal Sharma and Lok Sabha Speaker Om Birla participated in a public grievance redressal camp organised under Pandit Deendayal Upadhyay Antyodaya Sanbal Pakhawda campaign at Maharav Bhimsingh Stadium in Sangod town of Kota district Monday.They launched the Suposhit Maa Abhiyan, dedicated to pregnant women weighing less than 50 kilograms who need additional nutrition and health services. Nutrition kits for 1,500 identified pregnant women will be distributed under the 'Su ...Read More >
M Nagaraju asked fintechs to prioritize offline payment options. This push aims to boost financial inclusion across India. He spoke at the CII Summit on Financial Inclusion and FinTech. Nagaraju highlighted financial inclusion's role in economic growth. He noted India's progress since 2014 with the Pradhan Mantri Jan Dhan Yojana. The scheme significantly increased bank account access for adults. DFS Secretary M Nagaraju on Monday urged fintechs to focus on driving offline payment solutions to e ...Read More >
NEW DELHI: Fintech companies should go beyond urban markets and play a role in driving financial inclusion across the country by developing offline payment systems, voice-authorised tools, improving connectivity as well as cross-border payment capabilities, enhancing cybersecurity and integrating AI and better app safety for user convenience, a top official said on Monday."Fintech will drive financial inclusion, which in turn is a key driver of growth and poverty alleviation," M Nagaraju, secret ...Read More >
New Delhi, July 7 (SocialNews.XYZ) Fintech companies should leverage their strengths and innovation by not only extending financial services to the masses but also to develop robust solutions against fraud, hacking, and other cyber threats -- making greater use of emerging technologies like artificial intelligence (AI), a top government official said on Monday. With the country's digital payments ecosystem rapidly maturing, its influence has begun to extend beyond national borders, reaching Glo ...Read More >
India is much better placed than countries like China, the USA and the United Kingdom. (Representational) New Delhi: Inequality in India has come down significantly between 2011-12 and 2022-23, making it the fourth-most equal country globally, according to a World Bank report. This is in addition to a sharp decrease in extreme poverty, which has dropped from 16.2 per cent in 2011-12 to 2.3 per cent in 2022-23, an official release said quoting World Bank data. The government attributed the re ...Read More >
New Delhi, Jul 5: India has emerged as one of the most income-equal countries in the world, ranking fourth globally with a Gini Index score of 25.5, according to the latest World Bank data as reported by TOI. This places India ahead of major economies including China (35.7), the United States (41.8), and all G7 and G20 nations. Only the Slovak Republic, Slovenia, and Belarus rank higher in income equality. The Gini Index measures income distribution on a scale from 0 (perfect equality) to 100 ( ...Read More >
New Delhi [India], July 5 (ANI): India has emerged as one of the most equal societies globally, with a Gini Index of 25.5, according to the latest data from the World Bank. Ranking fourth worldwide in income equality, India now stands just behind the Slovak Republic, Slovenia, and Belarus. "It reflects how India's economic progress is being shared more evenly across its population. Behind this success is a consistent policy focus on reducing poverty, expanding financial access, and delivering ...Read More >
New Delhi, Jul 5 (PTI) Finance Minister Nirmala Sitharaman has called for a renewed mandate for the New Development Bank (NDB), emphasising the need for greater agility, technological advancement, and efficiency in today's fast-changing world. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said it has approved more than 100 projects and it has approved more than USD 35 billion in financing across member countries, including key Ind ...Read More >
New Delhi, Jul 4 (PTI) Finance Minister Nirmala Sitharaman on Friday said in today's fast changing world, the mandate for New Development Bank (NDB) must be renewed with focus on greater agility, technological advancement and efficiency. Observing that NDB has played an important role in reshaping the financial landscape for the global South, she said, it has approved more than 100 projects, and it has approved more than USD 35 billion in financing across member countries, including key Indian ...Read More >
Mumbai, Maharashtra, India - Business Wire India * Credit Conference 2025 designed to drive growth, financial inclusion, and ease of doing business in India * Leaders from banking, FinTech, and policy convened to discuss data-driven credit inclusion and the path to a credit-ready India * Expanding creditworthiness to support India's financial goals under the Bharat@2047 vision was a key theme As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling ac ...Read More >
BusinessWire India Mumbai (Maharashtra) [India], July 4: As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling access to financial services supported by data-driven insights, transparency, and informed risk management. This transformation, along with collaborating to extend financial inclusion in India, saw industry leaders, policymakers, and innovators convene at the TransUnion CIBIL Credit Conference 2025 to explore how data, trust, and collabor ...Read More >
Mumbai (Maharashtra) [India], July 4: As India's credit growth reaches new segments and geographies, the focus is shifting towards enabling access to financial services supported by data-driven insights, transparency, and informed risk management. This transformation, along with collaborating to extend financial inclusion in India, saw industry leaders, policymakers, and innovators convene at the TransUnion CIBIL Credit Conference 2025 to explore how data, trust, and collaboration in the financi ...Read More >
Mumbai, July 3 (SocialNews.XYZ) At least 118 million women consumers in India have entered the credit mainstream for the first time in the last 10 years, unlocking opportunities that were previously unavailable to them, according to a report on Thursday. Over 714 million individuals have gained access to formal credit, positively impacting households across the country over the past two decades, said the report by TransUnion CIBIL, released at a conference here. Retail delinquencies (balance-l ...Read More >
Mumbai: Receivables Exchange of India Limited (RXIL) - India's leading Trade Receivables Discounting System (TReDS) platform, a joint venture promoted by SIDBI and NSE, along with State Bank of India, ICICI Bank, and Yes Bank, has successfully enabled MSME Invoice Financing of Rs 2 lakh crore. Since its inception in 2017, RXIL has witnessed remarkable growth in invoice financing, scaling from ₹2,000 crore annually to over ₹10,000 crore monthly. The RXIL TReDS platform has facilitated financing ...Read More >
Bengaluru : The State Bank of India, the country's largest bank, concluded its SBI Scholar Quiz with encouraging participation by 4200 students across 16 cities in the country. The objective of the competition was to showcase students' academic talents and demonstrate SBI's strong social commitment to education. This event marked a key milestone in the bank's 70-year legacy of trust and transformation which was celebrated with recognition to all the participants with ₹50 lakhs prize money and ce ...Read More >
New Delhi: Bollywood top actress Deepika Padukone has once again proved that she is a global icon. The actress has been chosen as a recipient of prestigious Hollywood Walk of Fame star in the coming year. Deepika has pinned India on the global map as Hollywood Chamber of Commerce honours Deepika with her star on the Hollywood Walk of Fame for the class of 2026 in Motion Pictures category. Announced over a live-stream, it becomes even more special as Deepika becomes the first Indian to receive t ...Read More >
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