Last mentioned: Mar 17, 2026
Finance Minister Nirmala Sitharaman has announced a strategic initiative to extend insurance coverage to 25,000 gram panchayats across India. This move is a critical step toward the government's 'Insurance for All by 2047' vision, aiming to bridge the protection gap in rural markets.
Finance Minister Nirmala Sitharaman has directed Indian banks to immediately cease the mis-selling of third-party products and refocus on their primary mandate of lending and deposit mobilization. The move signals a major regulatory pivot toward consumer protection and the restoration of traditional banking priorities to support economic growth.
Finance Minister Nirmala Sitharaman has directed Indian banks to cease the mis-selling of third-party products and refocus on their primary mandate of deposit mobilization and lending. This regulatory push aims to protect consumers and ensure the long-term stability of the financial sector amid shifting market dynamics.