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Banks may have to pay more on CDs, bulk deposits in March

Indian banks are bracing for higher funding costs on certificates of deposit and large-ticket deposits, as robust year-end credit demand collides with a liquidity squeeze. With the credit-to-deposit ratio at a record high, lenders see borrowing rates staying elevated at least until March, complicating efforts to sustain strong loan growth while protecting margins. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rLgw68M via IFTTT
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PSBs mull portal to verify paper-based bank guarantees

Indian banks are working together to create a unified platform for validating paper-based bank guarantees. The system is designed to curb fraud during the transition from traditional paper guarantees to fully digital ones. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/QeG2oRN via IFTTT
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Banks' liquidity buffers shrink as deposits lag credit growth

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
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IDFC First Bank to get Rs 35 cr relief under employee dishonesty cover

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
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AU Small Finance Bank denies wrongdoing after Haryana govt de-empanels it amid IDFC First Bank fraud case

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
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Haryana mandates exclusive banking with public sector banks, drops IDFC First and AU Small Finance

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
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IDFC First points to connivance of staff and outsiders in branch fraud

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
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