Quick Summary
The Department of Financial Services (DFS) continued its trajectory of momentous reforms in 2025, building on the robust and firm foundation established through initiatives like Your Money, Your Right Campaign, the Banking Laws (Amendment) Act, 2025, EASE 8.0 rechristened as EASE₹ise, 'Credit Line o
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FAQ :
The DFS has implemented major reforms including the EASE₹ise agenda, 'Credit Line on UPI', 'Hello! UPI', and the Banking Laws (Amendment) Act, 2025. They have also focused on NPA management, financial inclusion, and digital transformation.
The financial health has improved significantly, with the Gross NPA ratio of SCBs declining to 2.22% and PSBs to 2.58%. The Provision Coverage Ratio (PCR) for SCBs increased to 93.14%.
Digital payment transactions volume increased to 22,831 Crore in FY 2024-25, growing at a CAGR of 41%. The value of transactions also grew from ₹1962 lakh crore to ₹3,509 lakh crore.
Key initiatives include the Pradhan Mantri Jan Dhan Yojana (PMJDY), Pradhan Mantri Jeevan Jyoti Bima Yojana, Pradhan Mantri Suraksha Bima Yojana, MUDRA, Stand Up India, and Atal Pension Yojana, NPS Vatsalya.
The 'Your Money, Your Right' campaign, focused on unclaimed financial assets, led to the restitution of claims worth ₹4500 crore to their rightful owners.
RRBs have seen improved asset quality with a declining Gross NPA ratio to 5.4% and an increased PCR to 65.1%. They also recorded their second-highest ever aggregate net profit of ₹6820 crore in FY2024-25.
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