Sanjay Malhotra is a 1990-batch Indian Administrative Service officer of the Rajasthan cadre. He is an IIT-Kanpur alumnus and has a master's degree in public policy from Princeton University.

Mumbai (Maharashtra) [India], September 6 (ANI/PNN): Bank of Maharashtra (BoM) has organised a credit outreach programme on Saturday at Pune under which it has sanctioned loans worth more than Rs 1,000 crore. Sanjay Malhotra, Secretary, Department of Financial Services was the chief guest for the event. A S Rajeev, MD and CEO, Bank of Maharashtra, Bhushan Kumar Sinha, Joint Secretary, DFS, Ministry of Finance, A B Vijayakumar and Asheesh Pandey, Executive Directors, and General Managers, Bank of Maharashtra were present in the Credit outreach programme.

Pune (Maharashtra) [India], September 5 (ANI/PNN): Sanjay Malhotra, Secretary, DFS, Ministry of Finance, visited the Bank of Maharashtra on 3rd September 2022 at its Head office in Pune.

New Delhi [India], June 8 (ANI): Enhanced Access and Service Excellence-EASE on Wednesday has evolved over four annual editions from FY19 to FY22 and has catalyzed reforms in diverse areas in Public Sector Banks.

Mumbai Feb 22 PTI Finance Minister Nirmala Sitharaman on Tuesday said the Russia-Ukraine tension and a surge in crude oil prices pose risk to the financial stability of the country and the government is closely monitoring the situation The finance minister was on a two-day post-Budget outreach programme in the countrys financial capital starting Monday She chaired the 25th meeting of the Financial Stability and Development Council FSDC and also met heads of banks NBFCs and financial institutions later Even today in the FSDC meeting when we were looking at the challenges posed for financial stability crude was one of the things International worrisome situations where we actually voiced that we want diplomatic solutions for the situation developing in Ukraine all these are headwinds she told reporters The finance minister said the government is keeping a watch on crude prices and the geopolitical situation Crude oil prices soared by nearly 4 per cent to USD 99 a barrel on Tuesday after Russia recognised two separatists states of eastern Ukraine When asked about the impact of the Russia-Ukraine crisis on India she said At this moment the impact on our trade is yet to be felt We are careful that our exporters dont suffer The Finance Minister said there is no adversarial relationship between states and the Centre on GST compensation Sitharaman said the GST council has decided that the compensation cess collection will continue up to March 2026 It is extended to pay the money which has to be paid for the 2020 gap that arose in the compensation and also for paying the interest on the borrowed money the minister said Speaking on the inclusion of the countrys government bonds in the global bond index Department ofEconomic Affairs Secretary Ajay Seth said All those conditions that are needed to include government bond rupee bond in the global indices are all been met Much later on taxation issues have been brought in All those conversations are still continuing He also said the government is committed to fiscal deficit being kept within 69 per cent In the meeting held on Tuesday FSDC noted that the government and all regulators need to maintain constant vigil on the financial conditions and functioning of important financial institutions especially considering that it could expose financial vulnerabilities in the medium and long-term according to an official release The Council discussed measures required for further development of the financial sector and to achieve an inclusive economic growth with macroeconomic stability Those attended the FSDC meeting included MoS Finance Bhagwat Kishanrao Karad RBI Governor Shaktikanta Das Finance Secretary and Expenditure Secretary T V Somanathan Economic Affairs Secretary Ajay Seth Revenue Secretary Tarun Bajaj and Financial Services Secretary Sanjay Malhotra among others In the meeting with the banks NBFCs and financial institutions the finance minister exhorted all the banks to sign up to the account aggregator model which would facilitate seamless flow of credit for small borrowers and promote digital lending The meeting deliberated on the various budget announcements in the context of PM GatiShakti defence telecom manufacturing exports Emergency Credit Line Guarantee Scheme ECLGS and tax concessions to new manufacturing units and start-ups which offer new opportunities to the financial sector a separate official release said In the meeting it was highlighted that banks with a record profit of Rs 122 lakh crore in FY21 and Rs 079 lakh crore in HY22 declining gross NPA figures to 690 as on September 21 and sufficient buffers with all time high CRAR of 165 per cent as on September 2021 against the regulatory mandate of 115 per cent banksare in a strong position to support future growth enabling the countrys economy for a take-off PTI HV MR

Mumbai (Maharashtra) [India], October 27 (ANI/PRNewswire): In a bid to proactively adapt the new risk-free benchmarks on existing loans and derivatives, DBS Bank India has announced the first active transitioning of an existing loan and derivative to new reference rates.