Financial inclusion expanded through postal network doorstep banking, paperless account onboarding and interoperable digital payments access.
IPPB leverages the postal network to expand financial inclusion by providing doorstep banking via trained agents with smartphones and biometrics, paperless Aadhaar enabled account opening, QR and biometric transaction tools, interoperable linking of legacy post office accounts, and assisted UPI onboarding to enable deposits, withdrawals, remittances and bill payments in rural and remote areas.

Bank credit expansion: PSBs to boost lending and MSME support while strengthening fintech, inclusion, and prudential practices.
Public sector banks are directed to increase domestic credit supply to support economic growth, building on the Government's 4R approach-recognition, resolution, recapitalisation and reforms-which has reduced stressed assets and recapitalised banks. Banks committed to accelerate overall credit growth and to prioritise lending under targeted programmes, including housing finance under the Pradhan Mantri Awas Yojana and enhanced support to micro, small and medium enterprises through the MSME Restructuring Scheme. Operational commitments include faster loan turnaround using fintech, advanced data analytics and AI for credit decisions and monitoring, and sustained performance improvements by PCA banks to exit the PCA framework.

Government securities auction announced with multiple-price bidding, reserved non-competitive allocations, and mandated electronic bid timings.
Announcement of simultaneous sale (re-issue) of multiple Government of India stocks and a floating rate bond through price-based auction using the multiple price method, with a total notified amount cap and option to retain additional subscription. Up to a fixed percentage of each issue is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the Core Banking Solution within specified windows; results and settlement occur on announced dates. Issued stocks are eligible for When Issued trading under applicable guidelines.

Public Credit Registry centralizes credit data to expand microcredit access while balancing privacy and regulatory access.
Public Credit Registry (PCR) is a statutory, consent based centralized database of lifecycle credit data designed to reduce information asymmetry by providing a near real time, 360 degree view of borrowers through phased coverage of regulated and relevant unregulated lenders and linkages to ancillary systems; it will simplify reporting, enable better credit pricing and automated small ticket lending ("sachetisation"), and requires a dedicated PCR Act to govern access, data sharing and privacy safeguards while preserving borrower repayment incentives.

Government securities auction: multiple-price issuance with competitive and non-competitive bidding and electronic E Kuber submission and allotment.
Central government stocks will be issued through yield- and price-based auctions conducted by the Reserve Bank of India using the multiple price method. Four securities are offered with an option to retain incremental subscriptions within an overall cap. Up to 5% of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the RBI E-Kuber system within specified time windows, with auction results and payment on designated post-auction dates.

Sovereign Gold Bond issue price and settlement terms include a discount for online applications with digital payment.
Sovereign Gold Bond Scheme 2018-19 (Series V) opens for a limited subscription window with a set issue price per gram and a specified settlement date; the Government, in consultation with the Reserve Bank of India, permits a discount from the issue price for investors who apply online and pay via digital mode, reducing the effective price for qualifying applicants.

Bilateral swap arrangement enables central bank liquidity support, authorizing RBI access to Japanese funds to stabilize balance of payments.
Bilateral Swap Arrangement approved by the Union Cabinet authorizes the Reserve Bank of India to enter into a currency swap with the Bank of Japan permitting reciprocal exchange and re-exchange of foreign currency for domestic currency to meet short-term foreign exchange deficiencies and maintain balance of payments. The arrangement enables the RBI to access agreed resources on tap to manage immediate external liquidity needs and strengthen its capacity to address exchange rate volatility.

Regulatory powers of RBI remain comprehensive; no change to its supervisory role over banks and oversight frameworks reaffirmed.
The Reserve Bank of India holds expansive supervisory authority under the Banking Regulation Act to inspect banks, examine officers, scrutinise affairs, issue management directions, call for information, determine advance policy, direct special audits and initiate insolvency processes; additionally it exercises inspection powers under the Foreign Exchange Management Act, maintains central credit and fraud repositories with reporting and provisioning norms, and has specific oversight roles over nationalised banks and the State Bank of India including nominee directorships, auditor approval and director appointments.

KYC-based account closure permitted after notice for non-cooperation; Jan Dhan accounts carry no minimum balance requirement.
PMJDY accounts are Basic Savings Bank Deposit Accounts; banks may close them on customer request and may close accounts in a phased manner for non-furnishing of required KYC information or non-cooperation after issuing due notice. The number of accounts closed is not centrally monitored, and existing departmental monitoring shows an overall increase in PMJDY accounts. There is no minimum balance requirement for PMJDY accounts and no penalties for non-maintenance of balance.

Bank amalgamation approved under central statutory scheme, enabling network optimisation while protecting employee continuity and service terms.
Amalgamation of Bank of Baroda, Vijaya Bank and Dena Bank has been approved under the Banking Companies (Acquisition and Transfer of Undertakings) Acts through an Alternative Mechanism after regulatory consultation; the Government has notified the scheme. The scheme protects employee interests by ensuring every serving employee of the amalgamating banks becomes an employee of the amalgamated bank and continues under Board approved terms, with the amalgamated bank's Board required to ensure protection of employee interests.

Government securities auction: multiple-price sale with competitive and non-competitive bids and when-issued trading eligibility.
Sale and re-issue of central government securities will be conducted by the Reserve Bank using a multiple price method auction, offering several securities through price- and yield-based mechanisms within an overall notified limit and with a government option to accept additional subscriptions. Up to five percent of each notified amount is reserved for eligible individuals and institutions under the Non-Competitive Bidding Facility. Competitive and non-competitive bids must be submitted electronically on the central bank's E-Kuber system within prescribed windows, and successful bidders will settle on the announced settlement date; the stocks are eligible for When Issued trading under central bank guidelines.

Access to credit for MSMEs accelerated via a FinTech portal enabling multi bank loan approvals and CGTMSE eligibility checks.
An online lending portal majority owned by public sector banks and financial institutions was launched to accelerate in principle loan approvals to MSMEs by enabling borrowers to access multiple banks via a FinTech platform, using data driven credit assessment consistent with banks' approved credit policies and including a prima facie check for CGTMSE credit guarantee; this complements government and RBI measures to expand MSME credit through directed lending targets, allocation to micro accounts, simplified working capital norms, specialised branches, and market mechanisms such as TReDS, while banks continue to lend on commercial terms under their board approved policies and RBI guidelines.

Insolvency and Bankruptcy Code renews creditor primacy and time bound resolution, prompting pre admission settlements and formal proceedings.
The document explains that the Insolvency and Bankruptcy Code replaced fragmented insolvency laws with a unified framework establishing an insolvency regulator, an adjudicatory tribunal, and procedures enabling time bound corporate insolvency resolution and liquidation. It describes three recovery mechanisms-payments to avoid tribunal referral due to disqualification mechanics, pre admission settlements after creditor petitions, and formal resolution or liquidation-and notes increased filings, many pre admission settlements, resolution cases, and liquidations with reported realizations informing improved asset quality and creditor recoveries.

Bank amalgamation approved: consolidation establishes a transferee bank with vesting of undertakings and employee protections.
Approval of a scheme of amalgamation makes Bank of Baroda the transferee bank and Vijaya Bank and Dena Bank the transferor banks, effective on the specified commencement date. On commencement, the undertakings of the transferor banks vest in the transferee bank as a going concern, encompassing all business, assets, rights, licences, borrowings, liabilities and obligations. The transferee bank will issue shares to transferor shareholders per a share exchange ratio, with an expert committee to address grievances. Permanent and regular officers and employees of the transferor banks become employees of the transferee bank on not less favourable terms, and the transferee board must protect their interests.