Department Of Financial Services, GOI

UPI achieves 23.20 Bn transaction count in May’26! Thank you, India, for embracing digital payments and driving this revolution forward. Let’s continue the journey of transforming the way we transact!

Secretary, Department of Financial Services, Shri M. Nagaraju, today launched the Common Landing Portal for Unclaimed Financial Assets, developed in collaboration with PSB Alliance, to facilitate easier access to information relating to unclaimed financial assets.

During the meeting, Secretary, DFS highlighted that the Portal would improve citizen convenience by bringing together access to multiple search facilities on a single platform and strengthen ongoing efforts towards reconnecting individuals with their rightful financial assets.

The portal, accessible at https://www.unclaimedassetsportal.in, serves as a unified platform providing access to search facilities relating to unclaimed bank deposits, insurance claims, shares, dividends and mutual funds available across the financial ecosystem.

Read more here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2266714®=3&lang=2&v=7

Shri M. Nagaraju, Secretary, Department of Financial Services (DFS) today chaired a review meeting of the Public Sector Banks (PSBs) to assess their performance and progress across key operational, financial and strategic priorities during FY 2025–26.

Performance Highlights: PSBs achieve highest-ever net profit of ₹1.98 lakh crore; aggregate business reaches ₹283 lakh crore with GNPA at a historic low of 1.93% in FY 2025–26.

During the meeting, a Coffee Table Book on “आपकी पूँजी, आपका अधिकार (Your Money, Your Right)” was unveiled, highlighting nationwide efforts towards tracing and restitution of unclaimed financial assets.

Revamped DFS website was also launched with multilingual and accessibility features to enhance citizen interface and information dissemination.

The meeting was attended by the Special Secretary, Department of Financial Services, senior officials of DFS, Chairman, State Bank of India, Managing Directors & Chief Executive Officers (MD & CEOs) and Executive Directors of Public Sector Banks.

Read more here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2266716®=3&lang=2&v=7

Department of Financial Services (DFS) organized a half day workshop on Insolvency and Bankruptcy Code (Amendment) Act, 2026 chaired by Secretary DFS with the objective to deliberate on impact of recent IBC amendments. The workshop was attended by officials from MCA, IBBI, PSBs, NARCL, IDRCL, ASREC etc.

Key highlights:
• Deliberations on the impact of recent IBC amendments on the banking sector.
• Interactive sessions led by MCA and IBBI covering recent amendments.
• Discussion on Role of IBC in strengthening Credit discipline and Asset value maximization.
• Emphasis on coordination amongst all stakeholders for strengthening of IBC ecosystem and balancing their interest.
• Discussion on new initiatives under IBC such as group insolvency, cross- border insolvency and creditor-initiated insolvency resolution process.
• Goal setting for aligning IBC with best global practices and addressing persistent challenges on delays, prolonged litigations, capacity building etc

Secretary, Department of Financial Services, Ministry of Finance launched the USD 1.5 billion Bharat Maritime Insurance Pool (BMIP), backed by a sovereign guarantee of USD 1.4 billion (₹12,980 crore) today, to ensure uninterrupted maritime insurance coverage.

The pool is covering key risks—Hull & Machinery, Cargo, Protection & Indemnity (P&I), and War risk—for Indian-flagged or controlled vessels, as well as ships bound to or from India, especially in light of current Middle East tensions. Three policies were issued today from the Pool, which has been operationalised in a record time.

A Governing Body has been set up to oversee the Bharat Maritime Insurance Pool, including decisions on invoking the sovereign guarantee. An Underwriting Committee will ensure sound and consistent risk management. GIC Re, as the pool administrator, will handle reporting, reinsurance details and performance statements. Domestic insurers in the Pool will issue policies, reinsured proportionally by all pool members.

https://www.pib.gov.in/PressReleasePage.aspx?PRID=2260413®=3&lang=1

Nirmala Sitharaman Department Of Financial Services, GOI Paramount Life & General Insurance Corporation

Public Sector Banks (PSBs) recorded an all-time high net profit of ₹1.98 lakh crore in FY 2025–26, marking the fourth straight year of profitability.

PSBs registered lowest ever NPAs - Asset quality improved significantly, with the Gross NPA ratio declining to 1.93% and the Net NPA ratio dropping to 0.39% as of 31 March 2026 — the lowest levels recorded historically.

PSBs’ total business reached ₹283.3 lakh crore in FY 2025–26, registering robust y-o-y growth of 12.8% .

Gross advances of PSBs grew by 15.7% y-o-y to ₹127 lakh crore as on 31.03.2026, with strong growth across Retail, Agriculture and MSME segments.

Continued reforms and strengthened governance practices have reinforced PSBs through healthier balance sheets, enhanced operational resilience, and strong capital adequacy.

Read more here: https://www.pib.gov.in/PressReleasePage.aspx?PRID=2260203®=3&lang=1

Department Of Financial Services, GOI Nirmala Sitharaman

A secure retirement is built on the foundation of small, disciplined choices made today. For 11 years, the Atal Pension Yojana (APY) has empowered citizens to turn their modest savings into a lifetime of financial dignity. By starting early and contributing regularly, subscribers can ensure a guaranteed monthly pension of ₹1,000 to ₹5,000 after the age of 60. This systematic approach to saving is helping millions across India grow their wealth and enjoy their golden years with absolute peace of mind.

Atal Pension Yojana
Strengthening India’s retirement security



Press Information Bureau - PIB, Government of India Nirmala Sitharaman DDNewsLive Department Of Financial Services, GOI