banks | DD News

March 16, 2026 4:00 PM

Credit disbursement to MSMEs by banks sees sharp rise over last three years: Shobha Karandlaje

Credit disbursement to the micro, small and medium enterprises (MSME) sector by banks has recorded significant growth over the past three years, reflecting improved access to finance for small businesses, according to government data. As per the Reserve Bank of India (RBI), loans extended to the sector by Scheduled Commercial Banks rose from ₹16.96 lakh crore in 2022-23 to ₹22.04 lakh crore in 2023-24, and further to ₹26.43 lakh crore in 2024-25. The information was shared in the Rajya S...

October 23, 2025 3:11 PM

Key nomination provisions under Banking Laws (Amendment) Act, 2025 to take effect from November 1

The key provisions relating to nomination under the Banking Laws (Amendment) Act, 2025 will come into effect from November 1, 2025, according to a notification issued by the Central Government. The Banking Laws (Amendment) Act, 2025, notified on April 15, 2025, introduced a total of 19 amendments across five major legislations - the Reserve Bank of India Act, 1934, Banking Regulation Act, 1949, State Bank of India Act, 1955, and the Banking Companies (Acquisition and Transfer of Undertakings) A...

August 3, 2025 3:01 PM

Jan Dhan accounts cross 55 crore mark; FM Nirmala Sitharaman urges KYC completion

The number of bank accounts opened under the Pradhan Mantri Jan Dhan Yojana (PMJDY) has crossed the 55 crore mark, with “most of these accounts belonging to people who had never even seen the door of a bank,” Finance Minister Nirmala Sitharaman said on Sunday. In a post on X, the Finance Minister said, “With the programme completing 10 years & these accounts requiring KYCs, I urged the banks to start an initiative of reaching out to people for the same. Since 1st July 2025, banks have...

February 7, 2025 4:47 PM

RBI defers rollout of LCR norms by a year in big relief to banks

In a big relief for banks, RBI Governor Sanjay Malhotra announced on Friday that the implementation of the proposed Liquidity Coverage Ratio (LCR), as well as project financing norms, will be deferred by a year and will not be implemented before March 31, 2026. He said that the step has been taken as the earlier deadline of March 2025 does not give sufficient time for the implementation of these guidelines. The RBI does not want to cause a disruption in the financial system and will ensure a sm...