M Nagaraju

Key focus of banking committee to bring 300-350 million Indians in the financial ecosystem: DFS Secretary Nagaraju

The DFS Secretary also noted that the government will get financial bids for IDBI Bank this month. "The divestment of the government’s stake in the bank will likely happen this financial year," he said.

Government in talks with 7-8 countries for UPI inter-linkage, hopes to conclude next year, says DFS Secretary M. Nagaraju

Nagaraju said past decade has been one of the most transformational in the BFSI.

On track to complete PSU banks divestment via OFS by FY26, says DFS Secretary

On September 16, Nagaraju had said that there is no proposal to government stake below 51 percent and government to remain majority shareholder.

DFS Secretary urge insurance brokers to help increase coverage in rural India, smaller cities

Insurance brokers can augment insurance penetration through grassroots engagement, simplified product dissemination, and capacity building of local intermediaries, Nagaraju said.

DFS Secretary denies plans to merge state-owned insurers

Last week, some media reports had said that the government is considering the merger of four state-owned general insurance companies into a single entity. These companies are New India Assurance, National Insurance, Oriental Insurance and United India Insurance.

Centre finalising response to SC decision on JSW Steel-Bhushan deal

We have taken a position, we have studied the judgement, DFS secretary said

Banks need to identify roadmaps for timely capital raising: DFS secretary Nagaraju

He also said that banks also need to do efficient allocation of resources besides striving to bring down intermediation costs

Need another aggregator to protect financial institutions against fraud, says DFS secretary

In FY24, bank frauds went up 166 percent from the previous year to 36,075, RBI’s annual report has said