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Finance Ministry

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Banking, Fintech & Insurance 13 Nov 2026, 08:00 AM IST

Bank Lending Surges as Corporate Bond Fundraising Slumps on Higher Yields

Bank credit expanded sharply during April-August of FY27, underscoring sustained borrowing appetite across Indian businesses even as market-based fundraising weakened. The Finance Ministry said non-food bank credit rose by Rs 9.8 lakh crore, while corporate bond issuance fell amid higher yields, signalling a clear shift in financing conditions. Overall bank credit growth accelerated to 21.6 percent, reflecting broad-based demand across sectors.

By RDU Global Wire5 min read
Automotive, EVs & Mobility08 Nov 2026, 08:00 PM IST

Finance Ministry to Open November Comment Window on Revised GST Return Forms

The Finance Ministry will seek industry feedback on proposed changes to GST return forms from November 1 to November 30, a move that could reshape compliance procedures for businesses across sectors, including automotive and mobility. The updated forms are slated to take effect from April 1, 2027, alongside a streamlined GST audit process aimed at reducing taxpayer friction and administrative harassment.

5 min readRead →
National Governance & Policy07 Nov 2026, 02:00 PM IST

Finance Ministry to Open Public Review of Amended GST Return Forms from November 1

The Finance Ministry will seek comments from businesses on proposed changes to GST return forms between November 1 and November 30, marking a fresh round of consultation on indirect tax compliance. The revised forms are slated to take effect from April 1, 2027, alongside a streamlined GST audit process aimed at reducing taxpayer harassment and improving administrative efficiency.

5 min readRead →
Banking, Fintech & Insurance05 Nov 2026, 05:00 PM IST

Finance Ministry Defends IDBI Bank Sale Valuation, Says Reserve Price Was Never Altered

The finance ministry on Tuesday defended the valuation and bidding framework used in the proposed sale of IDBI Bank, saying the process was reviewed and approved by the core group of secretaries on disinvestment. It said Fairfax’s Rs 81-a-share offer cleared the benchmark and independent fair-value estimates, and that safeguards in the transaction were designed to maximise value for the government and LIC.

6 min readRead →
Banking, Fintech & Insurance03 Nov 2026, 08:00 PM IST

Bank Lending Climbs as Corporate Bond Fundraising Slumps on Higher Yields: Finance Ministry

Bank credit expanded sharply during April-August of FY27, with non-food bank credit rising by Rs 9.8 lakh crore as businesses leaned more heavily on the banking system for funding. At the same time, corporate bond issuance weakened amid higher yields, underscoring a clear shift in financing conditions across India’s corporate sector.

5 min readRead →
National Governance & Policy02 Nov 2026, 05:00 PM IST

India Extends Cotton Import Duty Waiver to December-End

India has extended the customs duty exemption on cotton imports until December 31, replacing an earlier deadline of October 31, according to a Finance Ministry notification issued on Friday. The move is aimed at supporting textile manufacturers and easing raw material costs amid tight supply conditions and price pressures in the domestic market.

5 min readRead →
Banking, Fintech & Insurance31 Oct 2026, 08:00 PM IST

Finance Ministry Defends IDBI Valuation, Says Reserve Price Was Not Altered

The Finance Ministry on Tuesday defended the valuation framework used in the proposed sale of IDBI Bank, saying the process was reviewed and approved by the core group of secretaries on disinvestment. It said Fairfax’s Rs 81-a-share offer cleared the benchmark and independent fair-value estimates, and that safeguards in the bidding structure were designed to maximise value for the government and Life Insurance Corporation of India.

5 min readRead →
National Governance & Policy30 Oct 2026, 08:00 PM IST

Nasscom Urges Delay of New GST Rules for Ecommerce Deliveries Until January 2027

Nasscom has asked the finance ministry to defer the rollout of revised GST rules governing ecommerce deliveries to January 2027, warning that the current timeline could disrupt compliance systems and raise operating costs for digital businesses. The industry body argues that companies need more time to rework technology, contracts, and tax processes before the changes take effect.

5 min readRead →
National Governance & Policy28 Oct 2026, 05:00 PM IST

Finance Ministry Sets November 1 Rollout for Simplified Post-Sale Discount Rules, 90% Provisional Refunds for IDS

India’s Finance Ministry has set November 1 as the implementation date for simplified rules governing post-supply discounts, a move aimed at reducing ambiguity in indirect tax compliance and easing disputes over input tax credit treatment. The ministry has also moved to allow 90% provisional refunds for Integrated Goods and Services Tax, a step expected to improve liquidity for eligible taxpayers and exporters while the final verification process continues.

5 min readRead →
Banking, Fintech & Insurance22 Oct 2026, 05:00 PM IST

RBI Clears Emirates NBD Branch Merger with RBL Bank, Setting December 1 Effective Date

The Reserve Bank of India has approved the amalgamation of Emirates NBD Bank’s Indian branches with RBL Bank, marking a significant cross-border banking transaction in the domestic financial sector. The merger will take effect on December 1, 2026, following earlier approval from the Finance Ministry for Emirates NBD’s planned acquisition of a substantial stake in RBL Bank.

5 min readRead →
Banking, Fintech & Insurance22 Oct 2026, 08:00 AM IST

RBI Clears Emirates NBD Branch Merger With RBL Bank, Setting December 1, 2026 Effective Date

The Reserve Bank of India has approved the merger of Emirates NBD Bank’s Indian branches with RBL Bank, marking a significant regulatory step in a cross-border banking transaction that has been under watch for months. The amalgamation will take effect on December 1, 2026, according to the central bank, following earlier approval from the Finance Ministry for Emirates NBD’s proposed stake acquisition in RBL Bank.

5 min readRead →
Banking, Fintech & Insurance21 Oct 2026, 08:00 PM IST

RBI Clears Emirates NBD Branch Merger With RBL Bank, Effective December 1, 2026

The Reserve Bank of India has approved the amalgamation of Emirates NBD Bank’s Indian branches with RBL Bank, setting December 1, 2026, as the effective date for the transaction. The move marks a significant regulatory milestone in a cross-border banking deal that had already received prior approval from the Finance Ministry for Emirates NBD’s acquisition of a substantial stake in RBL Bank.

5 min readRead →
Banking, Fintech & Insurance20 Oct 2026, 02:00 PM IST

RBI Clears Emirates NBD Branch Merger With RBL Bank, Setting December 1, 2026 Effective Date

The Reserve Bank of India has approved the amalgamation of Emirates NBD Bank’s Indian branches with RBL Bank, marking a significant cross-border banking transaction in the domestic financial sector. The merger will take effect on December 1, 2026, following earlier approval from the Finance Ministry for Emirates NBD’s proposed acquisition of a substantial stake in RBL Bank.

5 min readRead →
Banking, Fintech & Insurance16 Oct 2026, 01:37 AM IST

Government Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plans

The finance ministry has asked banks to prepare for post-quantum cyber risks and develop a common industry framework for transition, according to an official familiar with the matter. The move reflects growing concern that encrypted banking data could be harvested now and decrypted later as quantum computing advances, alongside the need for stronger AI resilience across the financial system.

6 min readRead →
National Governance & Policy15 Oct 2026, 04:42 PM IST

India Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plan

India’s finance ministry has asked banks to begin preparing for a sector-wide transition to post-quantum security, while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, exposing banks, payment systems and customer records to delayed but severe cyber risk.

5 min readRead →
Banking, Fintech & Insurance15 Oct 2026, 04:22 PM IST

Finance Ministry to Review Bank-Led Push on Financial Inclusion on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the progress of India’s flagship financial inclusion programmes, including Jan Dhan, Mudra, and key insurance schemes. The review is expected to focus on account penetration, credit access for small businesses, and the depth of social security coverage across the banking system.

6 min readRead →
National Governance & Policy15 Oct 2026, 04:01 PM IST

Government Urges Banks to Build Quantum-Ready Defences and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, forcing lenders to align on common industry standards rather than fragmented internal fixes.

4 min readRead →
National Governance & Policy14 Oct 2026, 10:37 PM IST

Finance Ministry Urges Private Banks to Deepen Role in Inclusion Push

The Finance Ministry has asked private sector banks to step up participation in the government’s financial inclusion drive, with a particular focus on flagship schemes such as PMMY and Stand Up India. Financial Services Secretary Sanjay Lohiya called for stronger digital outreach, faster loan processing, better insurance awareness and more responsive grievance handling as the government prepares a saturation campaign.

5 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 07:18 PM IST

Government Moves to Police UPI Merchant Fees Daily as October 15 MDR Plan Nears

India is preparing to introduce a merchant discount rate on select UPI transactions from October 15, but officials say the government will monitor compliance daily to ensure payment charges are not passed on to consumers. The move reflects a delicate balancing act: preserving the rapid expansion of digital payments while creating a revenue stream that can help smaller merchants absorb transaction costs.

5 min readRead →
National Governance & Policy08 Oct 2026, 07:18 PM IST

India Urges Banks to Build Sector-Wide Quantum Transition and AI Resilience Plan

India’s finance ministry has asked banks to prepare for a sector-wide transition to post-quantum security while also developing an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern over “harvest now, decrypt later” attacks, in which cyber adversaries collect encrypted financial data today in anticipation of future quantum computing capabilities.

5 min readRead →
National Governance & Policy08 Oct 2026, 03:44 PM IST

Finance Ministry to Review Banks’ Progress on Inclusion Schemes on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the pace and effectiveness of India’s flagship financial inclusion programmes, with a focus on deposit access, credit delivery and social security coverage. The review is expected to examine whether schemes such as Jan Dhan, Mudra, Jeevan Jyoti Bima, Suraksha Bima and Stand-Up India are reaching intended beneficiaries at scale and with measurable impact.

6 min readRead →
National Governance & Policy08 Oct 2026, 12:24 PM IST

Finance Ministry Urges Private Banks to Deepen Role in Inclusion Push

The Finance Ministry has asked private sector banks to step up participation in the government’s financial inclusion programmes, including Pradhan Mantri Mudra Yojana and Stand Up India. Financial Services Secretary Sanjay Lohiya pressed lenders to widen digital outreach, speed up loan processing, improve insurance claim awareness and strengthen grievance redress as the government prepares for a saturation campaign.

5 min readRead →
National Governance & Policy08 Oct 2026, 05:49 AM IST

India Urges Banks to Build Quantum Transition Plan and AI Resilience Framework

India’s finance ministry has asked banks to prepare for a sector-wide shift toward post-quantum security and to develop an artificial intelligence resilience framework, according to an official familiar with the matter. The move reflects growing concern that encrypted financial data could be harvested now and decrypted later by future quantum computers, exposing banks, payment systems and customer records to long-tail cyber risk.

5 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 03:29 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, High-Level Committee Planned

Bank employee unions have deferred their planned three-day nationwide strike after fresh talks with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The discussions have paved the way for a new high-level committee to examine long-pending demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

6 min readRead →
Banking, Fintech & Insurance08 Oct 2026, 02:21 AM IST

Finmin to Review Bank Progress on Financial Inclusion Push on Tuesday

The Finance Ministry will meet heads of banks on Tuesday to assess the progress of key financial inclusion schemes, including Jan Dhan, Mudra, and government-backed insurance and entrepreneurship programmes. The review comes as policymakers look to deepen formal financial access, expand credit to small borrowers, and improve the reach and quality of welfare-linked banking services.

6 min readRead →
National Governance & Policy07 Oct 2026, 05:40 PM IST

Finance Ministry Seeks Banks’ Views on AI Loan Collection Tools

India’s finance ministry has asked banks for feedback on their use of artificial intelligence in loan collection, signalling a closer review of how lenders are adopting the technology and protecting borrowers. The exercise is aimed at mapping current deployment, with most banks using AI for borrower engagement and repayment reminders, while only a limited number have moved to conversational AI for collections.

5 min readRead →
Banking, Fintech & Insurance07 Oct 2026, 03:30 PM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, Open Door to Holiday and Incentive Talks

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The talks are expected to lead to a high-level committee that will examine key employee demands, including a five-day workweek and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 12:13 PM IST

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Takes Shape

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements set to begin on October 15, as the government negotiates with payment aggregators to prevent any pass-through of fees to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving UPI’s low-cost appeal for users.

5 min readRead →
Banking, Fintech & Insurance06 Oct 2026, 11:01 AM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect the proposed merchant discount rate on select UPI transactions to trigger a meaningful shift back to cash, according to sources familiar with the matter. Officials believe the impact will be limited because only a small share of total UPI volume will be affected, while RuPay debit card transactions will remain exempt and free for users.

5 min readRead →
National Governance & Policy06 Oct 2026, 04:30 AM IST

Finance Ministry Seeks Banks’ Views on AI Loan Collection Tools as Adoption Widens

The finance ministry has asked banks to share feedback on their use of artificial intelligence in loan collection, signalling a closer policy review of how lenders are deploying automation in recovery and borrower engagement. The exercise is aimed at assessing adoption levels, customer-protection safeguards and the extent to which conversational AI is being used in collections.

5 min readRead →
Macro Economy & Fiscal Policy06 Oct 2026, 02:13 AM IST

Centre’s App-Based Fertiliser Pilot in 22 Districts Delivers ₹1,500 Crore Savings

The Centre’s pilot programme for fertiliser sales through an app in 22 districts has generated estimated savings of ₹1,500 crore, even as more farmers bought fertilisers in the Kharif 2026 season than a year earlier in the same districts. The outcome suggests that tighter digital tracking and targeted distribution can curb leakages without constraining farm access, offering a potentially significant fiscal lever in one of the government’s largest subsidy lines.

6 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 06:41 PM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on select UPI transactions, according to sources familiar with the matter. Officials believe the impact will be limited because only a small share of UPI volumes will be affected, while RuPay debit card transactions will remain free and the government will closely monitor any pass-through of charges to consumers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 05:58 PM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the proposed merchant discount rate on a small slice of UPI transactions, according to sources. Officials believe the continued zero-cost status of RuPay debit card payments and close monitoring of pricing behaviour will help preserve India’s digital payments momentum.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 11:55 AM IST

Finance Ministry Sees No Cash Surge After UPI MDR Levy, Sources Say

The Finance Ministry does not expect a meaningful shift back to cash after the government’s move to allow merchant discount rate charges on a small slice of UPI transactions, according to sources. Officials believe the impact will be limited because most UPI payments remain outside the new charge and RuPay debit card transactions will continue to be free. The ministry is also said to be watching closely to ensure any MDR cost is not passed on to consumers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 10:39 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, High-Level Panel Planned

Bank unions have deferred a planned three-day nationwide strike after discussions with the Indian Banks' Association, easing immediate disruption risks across the sector. The talks have set the stage for a new high-level committee to examine key employee demands, including the long-pending issue of Saturdays as holidays and concerns over the Performance Linked Incentive scheme for senior officers.

5 min readRead →
Banking, Fintech & Insurance05 Oct 2026, 10:13 AM IST

Bank Unions Defer Three-Day Strike After Talks With IBA, Set Up Panel on Key Demands

Bank unions have deferred their planned three-day nationwide strike after discussions with the Indian Banks' Association, easing the immediate risk of disruption across the banking system. The talks have led to the formation of a high-level committee to examine employee demands, including Saturdays as holidays and concerns over the Performance Linked Incentive scheme for senior officers.

6 min readRead →
National Governance & Policy05 Oct 2026, 04:24 AM IST

Bengal Must Build Organised Real Estate Sector, Says Finance Minister Swapan Dasgupta

Finance Minister Swapan Dasgupta has called for a more organised real estate sector in Bengal, arguing that fragmented and informal market structures are holding back development. He also urged the removal of legacy laws, including the urban land ceiling act, saying such rules have become impediments to investment and urban growth.

6 min readRead →
National Governance & Policy04 Oct 2026, 08:13 PM IST

Vice President C. P. Radhakrishnan Addresses Jain Forgiveness Ceremony in New Delhi

Vice President C. P. Radhakrishnan addressed the Mahaparva Kshamapana ceremony in New Delhi, using the platform to underscore the civic and ethical value of forgiveness in public life. The event placed a national constitutional figure at the center of a deeply rooted spiritual observance, highlighting the continuing intersection of faith, social harmony, and governance in India.

5 min readRead →
Banking, Fintech & Insurance04 Oct 2026, 06:07 PM IST

Public Sector Banks, Regional Rural Banks to Remain Open on September 27 as Finance Ministry Seeks to Avoid Disruption

The Finance Ministry has said all public sector banks and regional rural banks will operate normally on September 27, signalling an effort to keep customer services uninterrupted amid a planned three-day nationwide bank strike called by the United Forum of Bank Unions. The move is aimed at ensuring routine banking needs, including branch transactions and essential services, remain available to the public.

5 min readRead →
National Governance & Policy04 Oct 2026, 02:44 AM IST

Bengal Must Organise Real Estate, Scrap Obsolete Laws: Swapan Dasgupta

Finance Minister Swapan Dasgupta said West Bengal needs a more organised real estate sector if it is to attract sustained investment and accelerate development. He argued that outdated laws, including the urban land ceiling framework, have acted as impediments to growth and should be removed or reworked to unlock land and capital.

5 min readRead →
India Entertainment & Culture03 Oct 2026, 07:54 AM IST

‘Drishyam: The Conclusion’ Review: Ajay Devgn and Jaideep Ahlawat Turn a Familiar Formula Into a Crowd-Pleasing Finale

Abhishek Pathak’s ‘Drishyam: The Conclusion’ does not merely revisit a proven thriller template; it recalibrates it for the Hindi mainstream with sharper emotional cues, broader spectacle and a more overtly theatrical sense of suspense. Ajay Devgn anchors the film with controlled menace, while Jaideep Ahlawat brings a volatile intensity that gives the cat-and-mouse drama its most electric moments.

6 min readRead →
National Governance & Policy03 Oct 2026, 07:34 AM IST

Bengal Must Organise Real Estate Players, Says Finance Minister Swapan Dasgupta

Finance Minister Swapan Dasgupta has called for a more organised real estate sector in Bengal, arguing that fragmented market structures continue to hold back investment and orderly urban growth. He also urged the scrapping of legacy laws, including the urban land ceiling act, which he described as impediments to development.

6 min readRead →
National Governance & Policy03 Oct 2026, 06:52 AM IST

India’s Q2 Growth Seen at 7.3% as Finance Ministry Flags Global Risks

India’s economy is projected to have expanded 7.3% in the July-September quarter, according to the Finance Ministry’s latest review, underscoring continued momentum in one of the world’s fastest-growing major economies. The ministry, however, warned that elevated oil prices, tighter global financial conditions and uncertainty around US trade policy could temper the outlook in the months ahead.

5 min readRead →
Enterprise Tech, Cloud & AI03 Oct 2026, 06:09 AM IST

India Faces Tougher Capital Hunt as Trade, Oil and AI Risks Cloud Outlook: Finance Ministry Report

India is confronting a more difficult environment for attracting capital as global trade tensions, volatile crude prices and rapid shifts in artificial intelligence reshape investor priorities, according to a Finance Ministry report. The assessment says the economy must become more competition-friendly rather than merely business-friendly if it is to sustain investment momentum and remain resilient in a more uncertain world.

6 min readRead →
Enterprise Tech, Cloud & AI03 Oct 2026, 05:23 AM IST

Finance Ministry Seeks Banks’ Views on AI Loan Collection Tools as Adoption Remains Uneven

India’s finance ministry has asked banks to share details of their use of artificial intelligence in loan collection, signalling a closer review of how lenders are deploying automation and whether customer-protection safeguards are keeping pace. Early indications suggest most banks are using AI to support borrower engagement and repayment reminders, while only a limited number have moved to conversational AI for collections.

5 min readRead →
Enterprise Tech, Cloud & AIJust now (07:11 PM IST)

Finance Ministry Seeks Banks’ Views on AI in Loan Collections as Adoption Widens

India’s finance ministry has asked banks to share feedback on their use of artificial intelligence tools in loan collection, signalling a closer review of how quickly the technology is being adopted and how borrowers are being treated. The exercise is aimed at assessing both operational deployment and customer-protection safeguards, at a time when lenders are increasingly using AI for engagement and repayment tracking, but only a few have moved to conversational AI for collections.

5 min readRead →
Banking, Fintech & InsuranceJust now (02:18 PM IST)

Government to Monitor UPI Merchant Fees Daily as October 15 MDR Plan Seeks to Shield Consumers

India’s finance ministry is preparing daily oversight of new UPI merchant discount rate arrangements from October 15, as the government negotiates with payment aggregators to ensure the fee is not passed on to consumers. Officials say the revenue framework is intended to support small merchants adopting digital payments while preserving the low-cost appeal that has made UPI the backbone of India’s retail payments system.

5 min readRead →
Banking, Fintech & InsuranceJust now (09:50 AM IST)

India’s economic outlook faces upside inflation risks, Finance Ministry warns

India’s economic outlook remains broadly resilient, but the Finance Ministry has flagged upside risks to inflation that could complicate the policy path in the months ahead. The report said the Reserve Bank of India’s recent open market operations to absorb excess system liquidity may help keep financial conditions balanced and curb any undue demand-side overheating.

5 min readRead →

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Co-Occurring Entities

Entities frequently referenced alongside Finance Ministry:

New Delhi(90)India(55)Banks(20)Unnamed Finance Ministry Official(12)Reserve Bank of India(11)RuPay(10)