DFS Secretary Reviews Public Sector Banks’ Performance, Focuses on Financial Inclusion and Digital Resilience

Newsmantra — Mon, 01 Jun 2026 10:23:04 +0000

NEW DELHI. Secretary, Department of Financial Services (DFS), M. Nagaraju, chaired a review meeting in New Delhi to assess the performance of Public Sector Banks (PSBs) during the financial year 2025-26. The meeting comprehensively reviewed key areas including business growth, profitability, asset quality, implementation of government schemes, financial inclusion, digital banking, MSME credit flow, cyber resilience and operational risk management. According to the Finance Ministry, Public Sector Banks demonstrated strong financial and operational performance across these parameters. Progress under major initiatives such as Pradhan Mantri Jan Dhan Yojana, social security schemes, Pradhan Mantri Mudra Yojana, PM Vishwakarma and digital lending programmes was also evaluated.

The discussions focused on strengthening digital banking ecosystems, enhancing cybersecurity frameworks and improving access to credit for MSMEs and other productive sectors. Emphasis was also laid on prudent expenditure management and austerity measures while ensuring resilience amid global economic uncertainties. M. Nagaraju highlighted the importance of robust grievance redressal mechanisms, strong governance standards and operational preparedness to keep the banking system resilient and aligned with the vision of Viksit Bharat 2047. During the meeting, the revamped Department of Financial Services website was also launched, offering improved accessibility, seamless navigation and information dissemination in more than 23 regional languages.

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Jan Dhan Yojana Crosses 52.6 Crore Accounts, Empowers Poor and Women

Newsmantra — Wed, 06 Aug 2025 07:55:39 +0000

Prime Minister Narendra Modi on Tuesday lauded the Pradhan Mantri Jan Dhan Yojana (PMJDY) as it completed 11 years since its launch on August 28, 2014, highlighting its role as one of the world’s largest financial inclusion drives aimed at bringing every Indian household into the formal banking system. As of March 2024, the scheme has facilitated the opening of over 52.6 crore bank accounts with a cumulative balance of ₹2.63 lakh crore, offering zero-balance accounts, RuPay debit cards, insurance benefits, and overdraft facilities to the poor, while serving as a critical platform for Direct Benefit Transfers (DBTs) under various government welfare schemes. The initiative has significantly boosted digital banking adoption and acted as a gateway to flagship schemes such as PM-KISAN, Atal Pension Yojana, PM Jeevan Jyoti Bima Yojana (PMJJBY), and Pradhan Mantri Suraksha Bima Yojana (PMSBY), with more than 56% of account holders being women—reflecting the scheme’s vital role in empowering women and bridging the financial gap in rural and underserved communities across India.

The post Jan Dhan Yojana Crosses 52.6 Crore Accounts, Empowers Poor and Women appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Pradhan Mantri Jan Dhan Yojana - newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra

DFS Secretary Reviews Public Sector Banks’ Performance, Focuses on Financial Inclusion and Digital Resilience

Jan Dhan Yojana Crosses 52.6 Crore Accounts, Empowers Poor and Women