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Digital frauds drop as banks step up vigil

Amid a wave of rising AI-generated frauds, banks and regulators are responding with strengthened security controls, multi-factor authentication, real-time fraud-monitoring systems and customer awareness campaigns. As a customer protection measure, the RBI in its February Monetary Policy announced compensation of up to Rs 25,000 for small-value payment frauds if the customers are genuinely cheated. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/rqKt8mI via IFTTT
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RBI allows gold, silver pledged voluntarily for collateral-free MSE loans

The Reserve Bank of India has issued new guidelines for micro and small enterprises. Banks can now accept gold and silver as collateral for loans up to a certain limit. This move aims to support these businesses. Collateral-free loans will be available up to Rs 20 lakh. The revised rules apply from April 1, 2026. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/VkcENZ5 via IFTTT
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India Inc rev-up gets loans books ticking

Indian banks are witnessing a strong comeback in corporate lending. Demand is surging from sectors like oil and gas, infrastructure, and metals. Companies are increasing capital spending and seeking more working capital. This trend is expected to continue as trade deals boost exports and supply chains. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/pRBYDV6 via IFTTT
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CreditAccess looks for a partner to let some investors exit

CreditAccess India BV is looking for new investors. This move aims to provide an exit for long-term shareholders in its microfinance lender, CreditAccess Grameen. The company is open to strategic or financial partners. Some investors have held stakes since 2007 and seek liquidity. CreditAccess Grameen plans significant loan portfolio growth by 2028. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/DfysQzg via IFTTT
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CreditAccess India eyes new investors, says Deputy Chairman

CreditAccess India, owner of CreditAccess Grameen, is seeking new investors. This move aims to provide liquidity for existing shareholders and fuel future growth. CreditAccess Grameen is expanding into new financial services beyond microfinance. The company is focused on sustainable expansion and meeting customer needs in rural and semi-urban markets. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OimBNUK via IFTTT
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PSU banks’ profit set to cross Rs 2 lakh crore in FY26, says DFS Secretary Nagaraju

Public sector banks are projected to surpass Rs 2 lakh crore in combined profits this financial year, driven by robust credit and deposit growth. Financial Services Secretary M Nagaraju expressed confidence in the sector's resilience, citing prudent management and strong asset quality. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/3SeKriz via IFTTT
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Govt to constitute high-level panel on banking soon: FM Sitharaman

Finance Minister Nirmala Sitharaman said the government will soon set up a High-Level Committee on Banking for Viksit Bharat to prepare a roadmap for building large lenders capable of meeting the financing needs of a developed India. She said the panel will suggest steps to strengthen the banking system and expand credit access to support growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/sbzXmOD via IFTTT
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