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Department of Financial Services

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Situations

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India to implement Bankers' Books Evidence Act on Oct 1

4 clusters · 12 sources · last updated

Latest: India to implement new Bankers' Books Evidence Act on October 1

The Indian government has modernized its banking legal framework through the Bankers’ Books Evidence Bill, 2026, which replaces the 135-year-old Bankers’ Books Evidence Act of 1891. Introduced by Finance Minister Nirmala

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Indian bank union strike actions

4 clusters · 35 sources · last updated

Latest: Bank employees launch nationwide strike in India

The United Forum of Bank Unions (UFBU), representing over 90 per cent of India’s banking workforce, has scheduled a series of nationwide strikes to address unresolved labor disputes. The unions are demanding the implemen

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Indian Finance Minister international economic engagements

6 clusters · 44 sources · last updated

Latest: Nirmala Sitharaman meets regional leaders and IMF officials on economic matters

Indian Union Finance Minister Nirmala Sitharaman has undertaken several high-level engagements to address domestic and international economic matters. In mid-August, Sitharaman traveled to Jaipur for BRICS meetings, foll

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India Pradhan Mantri Jan Dhan Yojana status

2 clusters · 21 sources · last updated

Latest: Pradhan Mantri Jan Dhan Yojana reports high account inactivity

The Pradhan Mantri Jan Dhan Yojana (PMJDY), India’s national financial inclusion mission, marked 12 years of operation in August 2026. Since its 2014 launch, the program has expanded from 14.72 crore accounts in 2015 to

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India’s UPI Growth and Merchant Fee Debate

26 clusters · 125 sources · last updated

Latest: NPCI introduces new UPI transaction limits and security features

India’s Unified Payments Interface (UPI) continues to process tens of billions of transactions each month, with July 2026 recording about 23.6-23.7 billion transactions worth roughly ₹29.9 trillion. The system now permit

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India MSME support and export drive

5 clusters · 12 sources · last updated

Latest: SIDBI and RRBs to expand co-lending to boost MSME credit

In June 2026 the Parliamentary Standing Committee on Industry highlighted MSMEs’ outsized role – about 48.5% of exports, 31.1% of GDP and 35.4% of manufacturing output – and urged formalisation so firms can access credit

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