Union Finance Minister Nirmala Sitharaman

April 9, 2025 9:40 AM

India offers a compelling growth opportunity for foreign banks: FM Sitharaman

Union Finance Minister Nirmala Sitharaman has highlighted India as a compelling destination for foreign banks and financial institutions, underlining the government’s active encouragement of foreign investment in the country’s rapidly expanding banking and financial sector. Speaking on Tuesday at the India-UK Investor Roundtable in London, which brought together around 60 representatives from pension funds, insurance firms, banks, and other financial institutions, the Minister outlined the ...

February 8, 2025 3:14 PM

RBI hints further steps to ensure liquidity, US tariff uncertainties to cool off soon

The Reserve Bank of India (RBI) has always focused on ease of credit and will take further steps to ensure that enough liquidity remains in the banking system as there is "room for improvement", Governor Sanjay Malhotra said on Saturday, adding that US-related tariff uncertainties will cool off in the coming months. Addressing the media along with Union Finance Minister Nirmala Sitharaman in the national capital, Malhotra also said the central bank is not targeting any price band for the rupee ...

August 19, 2024 7:52 PM

Sitharaman asks public sector banks to work on deposit mobilisation

Union Finance Minister Nirmala Sitharaman chaired a meeting on Monday to review the performance of Public Sector Banks (PSBs), focusing on key financial parameters, deposit mobilisation, digital payments, and cyber security frameworks. The meeting also addressed access to credit under financial inclusion and other emerging banking issues. During the meeting, it was observed that PSBs had shown strong performance across all financial metrics in the fiscal year 2023-24. Key highlights include a s...

September 16, 2024 5:05 PM

Parliament Session: Finance Minister to move J-K Appropriation Bill in Lok Sabha, Budget discussion to continue

As the Parliament is set to convene for the ongoing Budget Session on Monday, Union Finance Minister Nirmala Sitharaman will introduce the Jammu and Kashmir Appropriation Bill, 2024, in the Lok Sabha. "Nirmala Sitharaman to move for leave to introduce a Bill to authorise payment and appropriation of certain sums from and out of the Consolidated Fund of the Union Territory of Jammu and Kashmir for the services of the financial year 2024-25. Also to introduce and move the bill," the list of busine...

September 16, 2024 5:52 PM

Finance Minister Nirmala Sitharaman to table Economic Survey in Parliament today

Union Finance Minister Nirmala Sitharaman will table the Economic Survey 2023-24 along with a statistical appendix in Parliament on Monday, a day ahead of the Union Budget. The Budget Session of Parliament will commence today (Monday) and subject to the exigencies of government business, the session is likely to conclude on August 12. Union Ministers Nirmala Sitharaman, Jayant Chaudhary, Pankaj Chaudhary, Kirtivardhan Singh and Sukanta Majumdar will present the document on the table in Lok Sabh...

September 16, 2024 5:03 PM

PM Modi to address ceremony marking 90 years of RBI in Mumbai today

Prime Minister Narendra Modi will address a ceremony marking 90 years of the Reserve Bank of India in Mumbai today (Monday), the central bank said. The event will also be attended by Union Finance Minister Nirmala Sitharaman and RBI Governor Shaktikanta Das. "Join us for the commemoration of the 90th year of Reserve Bank of India (RBI@90). Address by Hon'ble Prime Minister @narendramodi and by Hon'ble Finance Minister @nsitharaman. Welcome address by RBI Governor @dasshaktikanta," RBI said in a...