All Banking & Crypto Related Details

Banks are confronting mounting liquidity pressures as loan portfolios expand faster than deposit bases. As a result, liquidity coverage ratios have weakened across a broad set of institutions. Even with abundant liquidity in the wider financial system, banks are struggling to bring in new deposits, pushing up near-term funding costs. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WrSsNf7 via IFTTT

IDFC FIRST Bank will get Rs 35 crore from its employee dishonesty insurance. This follows a Rs 590 crore fraud at its Chandigarh branch. The bank's management confirmed this to investors. The fraud impacted the bank's stock, causing a significant drop. The bank has suspended officials and launched a forensic probe. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NGiKrQg via IFTTT

Haryana government has de-empanelled AU Small Finance Bank and IDFC First Bank from government business due to alleged fraudulent account openings. AU Small Finance Bank denies wrongdoing, stating all KYC checks were completed and transactions were initiated by the government department. The bank maintains no financial impact at this stage. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QZxrwP8 via IFTTT

Haryana government has mandated all its departments and state-run entities to exclusively bank with public sector banks. Private bank accounts now require Finance Department approval. IDFC First Bank and AU Small Finance Bank have been removed from the approved panel due to non-adherence to fixed deposit conditions, leading to potential financial losses for the state. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/updJrPF via IFTTT

IDFC First branch fraud case: The transactions were executed using forged cheques and manually carried out at the branch, managing director and chief executive V Vaidyanathan told ET. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/os5wjYI via IFTTT

Unity Small Finance Bank, after missing out on Aviom India Housing Finance, is prioritizing strategic options over aggressive acquisitions. The bank plans to enter the housing finance business in the latter half of the year, focusing on affordable housing and micro-LAP, while also preparing for a public listing in approximately two to two-and-a-half years. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/zrnfGLQ via IFTTT