Department of Financial Services

Close down Dept of Financial Services, says Raghuram Raja

Rajan also expressed displeasure at the working of the Banks Board Bureau (BBB), and pitched for having banks run by independent boards and not the finance ministry.

Sep 08, 2017, 23:38 PM IST
Declining telcos revenue may impact govt collections: Manoj Sinha

Declining telcos revenue may impact govt collections: Manoj Sinha

Revenue collection from telecom services in form of license fee and spectrum usage charges may be adversely impacted in the current fiscal if sales revenue of operators continues to decline, Union minister Manoj Sinha said on Wednesday.

Jul 26, 2017, 15:09 PM IST
Post-note ban 12.54 lakh PoS terminals added in Q4

Post-note ban 12.54 lakh PoS terminals added in Q4

Post the November 8 demonetisation measure, 12.54 lakh Point of Sale (PoS) terminals have been added during the fourth quarter of the last fiscal ended March to facilitate more digital transactions, the government has said.

May 25, 2017, 14:44 PM IST
Govt to launch campaign to open workers' bank accounts today

Govt to launch campaign to open workers' bank accounts today

Labour Ministry will launch a campaign in association with Department of Financial services to open bank accounts of workers, who do not have one till date, in the organised as well as unorganised sector on Saturday.

Nov 26, 2016, 09:08 AM IST

Kotak Mahindra shares end flat

After falling 2 percent to Rs 1,263.75, shares of Kotak finally ended at Rs 1,290.90, up 0.09 percent on the BSE.

Jun 16, 2015, 17:06 PM IST

Kotak Mahindra Bank shares down 2%

The stock slipped 1.83 percent to Rs 1,266 at the BSE.

Jun 16, 2015, 12:55 PM IST

FIPB again defers Kotak bank proposal for raising FII limit

The Foreign Investment Promotion Board (FIPB) had taken up the application in its meeting, but the decision was deferred in want of comments from the Department of Financial Services (DFS), sources said.

Jun 15, 2015, 17:53 PM IST

Loans to small businesses may double to Rs 1lakh cr: Jaitley

Officials from the Department of Financial Services (DFS) updated the Finance Minister on the subsequent steps taken in this regard following the setting up of MUDRA Bank.

Jun 12, 2015, 20:34 PM IST

Appointment of 5 PSU bank heads: SC seeks Centre's response

The Supreme Court Tuesday sought responses from the Centre and Reserve Bank of India on a PIL challenging the appointment process of heads of five public sector banks and reducing the cut-off age from 58 to 55 years.

May 05, 2015, 22:15 PM IST

Govt renews search for five PSU bank chiefs; norms relaxed

As it continues its search for chiefs at five public sector banks, the government has relaxed eligibility criteria with regard to age and experience of applicants.

Apr 26, 2015, 13:58 PM IST

Deutsche Bank to pay $2.5 bn fine for interest rate-rigging

Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on Thursday.

Apr 24, 2015, 01:24 AM IST

74% accounts in Jan Dhan Yojana are with zero balance

The data provided by Department of Financial Services says that as on November 7, 2014 a total of 7.1 crore bank accounts have been opened of which 5.3 crore were accounts with 'Zero balance'.

Nov 18, 2014, 21:16 PM IST

Standard Chartered fined $300 mn over laundering controls

New York's banking regulator hit Standard Chartered Bank with a USD 300 million fine and restrictions on its dollar-clearing business Tuesday for inadequate controls on money laundering.

Aug 20, 2014, 00:32 AM IST

Internal report on SBI graft case misses deadline

An internal panel constituted by the State Bank of India to probe allegations of bribery against its deputy managing director Shyamal Acharya has not submitted its report by the deadline, a senior bank official said Monday.

Dec 02, 2013, 22:16 PM IST

Rajiv Takru is the new Financial Services Secretary

Senior IAS officer Rajiv Takru on Friday took charge as Secretary in the Department of Financial Services.

Feb 01, 2013, 18:51 PM IST

Banks should be asked to follow RBI norm on loans to MSEs: Min

The ministry has been talking to Department of Financial Services (DFS) to impress upon banks to provide loans without collateral to such units, Secretary in the Micro, Small and Medium Enterprises (MSME) Ministry Vivek Rae told reporters on the sidelines of a CII function here.

Oct 30, 2012, 18:22 PM IST

Finmin flays rating agencies for creating crisis of confidence

The government on Thursday took strong exception to reports by rating agencies on bank finance to the power sector and the downgrading of SBI, saying such reports are "uncalled for" and "create a crisis of confidence".

Oct 20, 2011, 20:25 PM IST