All Banking & Crypto Related Details

CreditAccess Grameen, a leading NBFC-MFI, is shifting focus from microfinance to secured lending like home loans. The company aims to become a Rs 50,000 crore entity by 2028, with a significant portion from retail finance. It is actively exploring acquisitions to accelerate growth in its secured business segment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/clpDjuh via IFTTT

Banks financing carbon-heavy industries face growing credit risks. Research from IIM Lucknow shows this exposure leads to higher monitoring and recovery costs over time. Financial institutions must align lending with a low-carbon economy. Stronger capital buffers help banks manage these climate-related risks. Transitioning to greener portfolios benefits both the environment and business. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1JgyEBt via IFTTT

Indian banks are poised for resilience despite global uncertainties. However, persistent external risks may impact their profit margins and liquidity. The nation's lenders begin this phase from a strong footing with improved asset quality. Higher energy prices and tighter liquidity could gradually affect profitability and borrower repayment capacity. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NxwBZYR via IFTTT

Banks are seeking RBI approval for parallel internal investigations alongside law enforcement probes into borrower accounts. This aims to prevent discrepancies in fraud classification due to limited information sharing. Lenders are also strengthening internal frameworks, including early warning systems, to enhance fraud detection and consistency. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/68YA5kW via IFTTT

Banks may soon see their capital positions improve. The central bank proposes to remove the Investment Fluctuation Reserve. This move could help lenders recover losses on bond investments. Accumulated reserves might transfer to core capital. This could boost lending capacity for banks. The proposal is open for public comment. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/OLwBt3V via IFTTT

The CBI has taken over a major investigation into the alleged embezzlement of Rs 550 crore from Haryana government accounts. Funds were reportedly siphoned off through fraudulent banking operations and fictitious transactions. Shell entities and associated firms are under scrutiny. The probe involves public servants and banking officials. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WtVdaoQ via IFTTT