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Microfinance sector back on track with higher-value loans

The microfinance market saw growth in February. The total loan book reached Rs 3.29 lakh crore. Loan disbursements increased. Portfolio quality improved. The bad loan ratio declined. Leaders now advocate for disciplined expansion. This follows past issues with over-lending. Overleveraged customers and loan servicing failures caused past crises. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/T8FKQx3 via IFTTT
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Madhya Pradesh revokes Bank of Baroda ban in less than 24 hours

The order, issued on March 27, had barred the BoB from handling government transactions for five years, citing non-compliance with official instructions on fund transfers under the state's chief minister Kisan Yojana. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/AVxpLvb via IFTTT
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CMS Info Systems acquires FSS's ATM managed services business for Rs 115 crore

CMS Info Systems has acquired FSS's ATM Managed Services business. This move signals consolidation in India's ATM sector. The deal adds 8,000 ATMs to CMS's network. This acquisition follows the insolvency of AGS Transact Technologies. CMS aims to become the preferred partner for banks seeking fewer, larger service providers. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Yv0Uzbh via IFTTT
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CMS acquires FSS' ATM management biz for Rs 115 crore

CMS Info Systems is acquiring Financial Software and Systems' managed services business for Rs 115 crore. This move will significantly boost CMS' ATM management capabilities. The deal is expected to add 8,000 ATMs to CMS' existing portfolio. This acquisition strengthens CMS' position in the end-to-end ATM management sector. It also brings new private sector banking relationships into the fold. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/oObngZ0 via IFTTT
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Banks seek relief on new forex cap amid loss risk

Banks have requested the Reserve Bank of India to review its new $100 million cap on foreign exchange positions. The current limit could cause significant losses and force banks to unwind trades. Bankers are seeking relief before Monday's market opening to avoid substantial mark-to-market losses. The RBI's decision aims to curb the rupee's sharp fall. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/B3Qshg4 via IFTTT
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India's strong growth driven by human capital, digital progress: ICICI Bank CEO Sandeep Bakshi

ICICI Bank CEO Sandeep Bakhshi was honored at XLRI's convocation. He spoke about India's growth fueled by people and technology. Graduates were urged to learn continuously and lead with purpose. Tata Steel CEO T V Narendran stressed the importance of global awareness and human skills. XLRI celebrated 530 graduates, encouraging them to build an inclusive society. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/hJu3C4x via IFTTT
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Qatar's Doha Bank to bid India 'goodbye'

Doha Bank is exiting its branch operations in India. The Qatari bank will close its Mumbai and Kochi branches after more than a decade. It will now operate solely through a representative office in the country. This strategic shift was approved by the bank's board of directors. Doha Bank had launched its India operations in June 2014. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/plozLMO via IFTTT
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