Bengaluru, 25^th August 2025: Bank of Baroda, one of India’s leading public sector banks, organized a Mega Camp at Amhat village in Sultanpur district, Uttar Pradesh, on 23^rd August 2025. The camp was held as part of the nationwide Saturation Campaign launched by the Department of Financial Services (DFS), Ministry of Finance, Government of India. The campaign, which runs from July 1 to September 30, 2025, aims to ensure 100% coverage under financial inclusion and social security schemes at the Gram Panchayat (GP) and Urban Local Bodies (ULB) level.

As the convenor of the State Level Bankers’ Committee (SLBC) in Uttar Pradesh, Bank of Baroda played a key role in organizing the event.

The programme was graced by the esteemed presence of Shri M. Nagaraju, IAS – Secretary, Department of Financial Services, Ministry of Finance; Shri Debadatta Chand, Managing Director & Chief Executive Officer, Bank of Baroda; Shri Ankur Kaushik, IAS, Chief Development Officer, Sultanpur; Shri Shailendra Kumar Singh, Convenor of Uttar Pradesh State Level Bankers’ Committee & Zonal Head, Lucknow Zone and Shri Mithlesh Kumar, General Manager & Zonal Head, Varanasi Zone. Over 1,000 local citizens attended the event.

In his keynote address, Shri M. Nagaraju, Secretary , DFS emphasized the importance of financial inclusion and accessibility of banking services to every citizen. He highlighted how the Government’s Financial Inclusion schemes play a pivotal role in empowering underserved segments of society by providing equitable access to formal financial services. The Government remains committed to every section of society by extending the flagship initiatives such as Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY), and Atal Pension Yojana (APY). He further shared that the saturation campaign reflects their resolve to reach every Gram Panchayat and Urban Local Body to ensure that all eligible citizens benefit from these schemes. He also interacted with Business Correspondents (BCs), Self Help Group (SHG) members, and other participants at the camp.

Commenting on the initiative, Shri Debadatta Chand, MD & CEO, Bank of Baroda, said, “At Bank of Baroda, we believe that true financial inclusion goes beyond account opening—it is about empowering individuals to actively participate in the financial system and benefit from government-backed schemes. This Mega Camp in Sultanpur reflects our commitment to strengthening trust and ensuring that every household has access to essential banking services. The energy and involvement of the community here is very encouraging and motivates us to take this mission forward with greater resolve.”

As part of the programme, claim cheques under the Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) were handed over to beneficiaries. Certificates of Insurance under PMJJBY and Pradhan Mantri Suraksha Bima Yojana (PMSBY), along with enrolment acknowledgment receipts under the Atal Pension Yojana (APY), were distributed to newly enrolled beneficiaries. Re-KYC process under eligible PMJDY accounts were carried out.  The Chief Guest also visited the stalls. In addition, Business Correspondents (BCs) and BC Sakhis were felicitated for their excellent performance.

Representatives from all banks operating under the Uttar Pradesh State Level Bankers’ Committee actively participated in this Mega Camp.

This Mega Camp exemplifies unwavering commitment of Banking fraternity to furthering the Government of India’s vision of universal financial access and comprehensive social security coverage.

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Bengaluru, June 20, 2025: IndusInd Bank announced that it has received the Digital Payments Award 2023-24 from the Department of Financial Services (DFS), Ministry of Finance – Government of India. The Bank earned this recognition by securing third position among private sector banks for delivering outstanding performance in digital payments during the financial year 2023–24. The award ceremony, which took place on June 18, 2025, at Vigyan Bhavan, New Delhi, was graced by the Union Minister of Finance Smt. Nirmala Sitharaman as the Chief Guest, and Shri Pankaj Choudhary, Minister of State for Finance as the Guest of Honour, among other dignitaries.

This award stands as a testament to IndusInd Bank’s unwavering commitment towards advancing its digital capabilities and delivering a secure, scalable and innovative digital payment solutions that empower millions across the country. As per the official scorecard released by the Department of Financial Services, the Bank achieved 120% of its digital transaction target in FY23-24 – highest among all private sector banks in India. The award was presented to IndusInd Bank – Mr. Ritesh Raj Saxena, Head of Direct Banking and Mr. Dev Ratan Suri, Head – SDG (Payments, Cards and Govt Business) by Shri M. Nagaraju, Secretary, Department of Financial Services and Dr. Abhijit Phukon, Economic Advisor, DFS, at the Digital Payments Award ceremony.

Speaking on this achievement, Mr. Soumitra Sen – Head of Consumer Banking & Marketing, IndusInd Bank, said, “We are honoured and grateful to the Department of Financial Services, Ministry of Finance, for conferring us with this award and recognizing IndusInd Bank’s efforts in driving digital adoption across the country. This recognition reinforces our resolve to continuously innovate and offer our customers intuitive, secure, and personalised banking experiences through our differentiated platforms, such as INDIE. We remain committed to supporting India’s digital journey and making banking accessible and effortless for every segment of society.”

IndusInd Bank, under its Digital 2.0 strategy, continues to deliver seamless, inclusive, and innovation-led financial experiences. Our flagship app, INDIE, highly rated financial app on the App Store is redefining retail banking with 1.6 million active users. The bank’s digital credit platform processed 1.2 million applications monthly through fully digital journeys. With an overall digital transaction mix at 93% (as of March 31, 2025), IndusInd Bank remains at the forefront of India’s digital payments space.

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Union General Budget 2020-21 is to be presented on 1st February, 2020. To maintain the secrecy of Budget, there is a “lock-in” of the officials involved in making the Budget. Budget Press, situated inside North Block, houses all officials in the period leading up to the presentation of the Union Budget. These officers and staff will come in contact with their near and dear ones only after the Budget is presented by the Union Finance Minister in Parliament.

At the Halwa Ceremony, Smt. Sitharaman was accompanied by Union Minister of State for Finance & Corporate Affairs Shri Anurag Singh Thakur; Shri Rajeev Kumar, Finance Secretary; Shri Atanu Chakraborty, Secretary, DEA; Dr A.B. Pandey, Revenue Secretary; Shri Tuhin Kanta Pandey, Secretary, DIPAM; Shri T.V. Somanathan, Secretary, Expenditure among other officers of the Ministry of Finance.

Shri P.C. Mody, Chairman, CBDT; Shri John Joseph, Chairman, CBIC; Members of CBDT & CBIC; Shri Rajat Mishra, Joint Secretary (Budget), besides others officers and staff of the Ministry of Finance, involved in the Budget preparation and printing process were also present on the occasion. Later, the Finance Minister took a round of the Press and acquainted herself about the Budget printing process.

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The Reserve Bank of India had imposed regulatory restrictions on the PMC Bank for six months over alleged financial irregularities. the RBI had initially kept the withdrawal limit for account holders at just Rs 1,000 for each customers for six months but the central bank later increased the withdrawal limit to Rs 10,thousand . The RBI has also banned the PMC bank from extending fresh loans or taking fixed deposits. The restrictions imposed by RBI had led to massive protests by PMC Bank account holders as they are feeling cash crunch .

Ms Sitharaman tweeted a helpline number to address the concerns of the account holders.A person named Rakesh Bhat urged the finance minister to resolve the matter quickly, saying “people are bound to consume poison and die”.

Sitharaman asked Bhat to calm down and appealed to him against posting “extreme” messages. The finance minister also said that Ministry of Finance has no control over multi-state cooperative institutions .

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