Nirmala Sitharaman & State Bank of India
20 shared events · Importance 4 · Last updated Aug 25, 2026
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Regulatory
Nirmala Sitharaman: As Finance Minister, she led the review meeting and urged banks to enhance NRI outreach, reinforcing policy direction.
State Bank of India: The RBI designed the swap schemes and is actively supporting banks in mobilising deposits, with a daily reporting framework for monitoring.
Jul 13, 2026 · 12 articles
Domestic
Nirmala Sitharaman: Nirmala Sitharaman, as the Finance Minister of India, announced the government's commitment to economic reforms and the tax exemption for FPIs, directly influencing the policy changes that are attracting foreign investment.
State Bank of India: The State Bank of India expanded the universe of securities available under the Fully Accessible Route (FAR) and removed investment limits, complementing the government's tax exemptions to attract foreign capital.
Jun 04, 2026 · 39 articles
Regulatory
Nirmala Sitharaman: As Finance Minister, she moved the bill and defended it, clarifying MDR applies to merchants, not users.
State Bank of India: RBI Governor commented on the need for funding, and the RBI's surplus transfer was cited by critics as an alternative funding source.
Aug 06, 2026 · 79 articles
Business
Nirmala Sitharaman: The Finance Minister confirmed that any MDR burden will fall on merchants, not customers, and tabled amendments to allow MDR on UPI transactions under certain conditions. This policy stance could affect the economics of UPI for banks and fintechs.
State Bank of India: RBI provides regulatory oversight of UPI, ensuring its stability and integrity. Its role supports the platform's credibility and aligns with its broader financial inclusion objectives.
Aug 24, 2026 · 20 articles
Regulatory
Nirmala Sitharaman: Finance Minister reviewed forex mobilisation measures with public sector bank heads a day before the RBI meeting, complementing the RBI's efforts.
State Bank of India: The RBI is the central bank conducting the meeting and issuing new governance and investment frameworks, reinforcing its regulatory role.
Jul 14, 2026 · 9 articles
Regulatory
Nirmala Sitharaman: Nirmala Sitharaman, the Union Finance Minister, discussed payment and technical issues with Dharmendra Pradhan, leading to the decision to integrate public sector banks to strengthen the India — Central Board of Secondary Education's payment infrastructure.
State Bank of India: State Bank of India, along with other public sector banks, was integrated as an additional payment gateway for the CBSE re-evaluation portal to strengthen its infrastructure after the initial cyberattack.
May 29, 2026 · 133 articles
Regulatory
Nirmala Sitharaman: As the Union Finance Minister, Nirmala Sitharaman held discussions with Dharmendra Pradhan>>> regarding the payment issues faced by India — Central Board of Secondary Education>>> students, leading to the decision to involve public sector banks.
State Bank of India: The State Bank of India>>> is one of the four public sector banks tasked with assisting the India — Central Board of Secondary Education>>> in strengthening its payment gateway infrastructure.
May 24, 2026 · 7 articles
Business
Nirmala Sitharaman: Finance Minister who clarified that MDR applies to merchants, not consumers, supporting the framework's feasibility.
State Bank of India: Central bank that may be involved in implementing any MDR framework, though not directly mentioned in articles.
Aug 10, 2026 · 6 articles
Business
Nirmala Sitharaman: As Finance Minister, Nirmala Sitharaman commented on UPI charges, indicating that NPCI has yet to decide on any fees, which could affect the payment ecosystem.
State Bank of India: The RBI established NPCI and oversees India's payment infrastructure. Its support is crucial for UPI's expansion and regulatory framework.
Aug 10, 2026 · 6 articles
Tech
Nirmala Sitharaman: Nirmala Sitharaman, as Finance Minister, has participated in discussions regarding AI opportunities and risks, showing government engagement with the technology.
State Bank of India: The State Bank of India has been analyzing Claude (AI model) in sync with global regulators, indicating its awareness and potential future use of such technologies.
May 19, 2026 · 83 articles
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