New Delhi, Jan. 10 -- The Department of Financial Services (DFS) continued its trajectory of reforms in 2025 through Your Money, Your Right campaign, the Banking Laws (Amendment) Act 2025, EASE 8.0 rechristened as EASE-Rise, Credit Line on UPI, Hello! UPI, NPA management, financial inclusion, customer service enhancement, digital transformation among others, an official statement said here on Saturday.
DFS strategic interventions have improved the financial health of the Banking Sector as the Gross NPA ratio of SCBs declined to 2.22 per cent and that of PSBs reduced to 2.58 per cent.
In the galore of digital payments, total transaction volume increased to 22,831 crore in FY 2024-25 at a Compound Annual Growth Rate (CAGR) of 41 per cent co...