All Banking & Crypto Related Details

By Alan Rappeport from NYT U.S. https://ift.tt/dDvWRVz via IFTTT

Bank lending in December witnessed a general slowdown across various sectors including industry, services, retail, and agriculture. However, loans against gold jewellery surged by 71% year-on-year due to rising gold prices, doubling in absolute terms over two years to Rs 1.72 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/anNjtxw via IFTTT

By Kate Kelly and Emily Steel from NYT U.S. https://ift.tt/FCELYRz via IFTTT

By Aaron Boxerman, Patrick Kingsley and Adam Rasgon from NYT World https://ift.tt/Gg4ZL5t via IFTTT

By Amelia Nierenberg from NYT World https://ift.tt/6hecOD5 via IFTTT

Banks have requested the government for an extension of the deadline for implementing Sebi's Cybersecurity and Cyber Resilience Framework to June, citing a need for more time to comply. Currently, the deadline has been extended to April 2025, but lenders argue that additional time is necessary for proper implementation. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Y26ntAL via IFTTT

By Jim Tankersley and Christopher F. Schuetze from NYT En español https://ift.tt/MRcNSGm via IFTTT

By David E. Sanger from NYT U.S. https://ift.tt/uQtYcAb via IFTTT

UPI has transformed India's digital payment landscape, making up 83% of total payment volume by 2024, a sharp rise from 34% in 2019. UPI transactions hit 17,221 crore, driving the overall payment volume to 20,787 crore. RBI highlights UPI's impressive CAGR of 74% over five years in boosting digital payments in India. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/MCJoPkp via IFTTT

By Isabel Kershner from NYT World https://ift.tt/1LRVfTi via IFTTT

The RBI faces challenges providing liquidity amidst India's banking system issues, as traditional OMOs have limited impact due to regulatory and structural constraints. Reforms in CRR and LCR requirements could inject direct liquidity, while innovative measures like long-term repo operations and dynamic LCR adjustments might support broader credit growth and equitable economic growth. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/NqRGt5P via IFTTT

By Genevieve Glatsky and Simon Romero from NYT En español https://ift.tt/NIHbfR1 via IFTTT

By Maya C. Miller from NYT U.S. https://ift.tt/Y7ZrS5Q via IFTTT

By Eric Schmitt from NYT U.S. https://ift.tt/TNwFexS via IFTTT

Complaints against banks and NBFCs surged by about a third in FY24 as the RBI focused on improving consumer grievance mechanisms. Nearly a million complaints were recorded, a sharp increase from the previous fiscal's 700,000. Private sector banks saw a 37% rise in complaints, while public sector banks experienced a 10% increase. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/PxNW890 via IFTTT

By Siobhan Burke from NYT Arts https://ift.tt/JDluZgf via IFTTT

The RBI reported that its ombudsman resolved 95.1% of the 9,34,355 complaints received in FY 2023-24. Majority of the complaints were submitted digitally, with most against banks and NBFCs, particularly concerning loans and advances. Moving forward, RBI aims to further improve complaint management and enhance consumer protection as outlined in their strategic framework, Utkarsh 2.0. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/Gvi9sDE via IFTTT

By Nader Ibrahim from NYT World https://ift.tt/uWyZhbY via IFTTT

By Kyle Buchanan from NYT En español https://ift.tt/7kUpfIj via IFTTT

By Matthew Goldstein from NYT Business https://ift.tt/3nTYHyJ via IFTTT

By Theodore Schleifer and Cecilia Kang from NYT U.S. https://ift.tt/W13th2p via IFTTT

By Remy Tumin from NYT U.S. https://ift.tt/KNcmhB4 via IFTTT

By Unknown Author from NYT Opinion https://ift.tt/f9WNPSa via IFTTT

By Tariq Ahmad and Liz Alderman from NYT En español https://ift.tt/7Ha4NvC via IFTTT

Potential buyers such as Fairfax Financial, Emirates NBD, Oaktree Capital, and Kotak Mahindra Bank have begun due diligence on IDBI Bank with access to confidential data, moving forward with the disinvestment process. The government and LIC aim to sell a 60. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/xDGatQj via IFTTT

By Lisa Lerer from NYT U.S. https://ift.tt/C1kjo4M via IFTTT

By Sapna Maheshwari from NYT Business https://ift.tt/8x3oftS via IFTTT

By Jill Terreri Ramos from NYT Real Estate https://ift.tt/nuXlOKx via IFTTT

By Jon Pareles from NYT Arts https://ift.tt/zbYk38L via IFTTT

By Stephen Castle from NYT World https://ift.tt/Ig5jzDX via IFTTT

By Farnaz Fassihi, Emma Bubola and Edward Wong from NYT World https://ift.tt/CExSQdN via IFTTT

By Eileen Sullivan from NYT U.S. https://ift.tt/QZRWamC via IFTTT

Domestic rating agency Icra forecasts an increase in delinquencies and a slowdown in asset growth for small finance banks (SFBs) in FY25, driven by microfinance segment concerns. SFBs are expected to shift focus toward secured assets, although challenges with low-cost deposits and profitability persist. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/C7wMUuI via IFTTT

By Amanda Holpuch from NYT Business https://ift.tt/JobL61Q via IFTTT

By Unknown Author from NYT U.S. https://ift.tt/Q4Ux2LZ via IFTTT

By Trip Gabriel from NYT U.S. https://ift.tt/5MCJ6po via IFTTT

By Trip Gabriel from NYT U.S. https://ift.tt/PHVnpd8 via IFTTT

By Maureen Dowd from NYT Opinion https://ift.tt/uR6aIcd via IFTTT

By Nicholas Kristof from NYT Opinion https://ift.tt/jOcRm6a via IFTTT

By Jon Pareles and Lindsay Zoladz from NYT Arts https://ift.tt/MK9dXSy via IFTTT

By Debra Kamin from NYT U.S. https://ift.tt/cVA0IRW via IFTTT

In January, the Reserve Bank of India accepted almost 77% of the notified amount in buyback auctions of government securities. Banks bid aggressively due to deficit liquidity in the banking system. The auctions received bids worth ₹45,710.2 crore for a notified amount of ₹25,000 crore. The RBI accepted ₹19,217.5 crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/0FfZgz5 via IFTTT

By Michael S. Schmidt and Tariq Panja from NYT U.S. https://ift.tt/MU6JIFi via IFTTT

Senior executives of microfinance institutions have been urged by the department of financial services to lower lending rates to make loans viable for borrowers at the bottom of the pyramid. The microfinance sector faces high default rates, with gross non-performing assets at an 18-month high. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/WiGE589 via IFTTT

By Cecilia Kang from NYT Business https://ift.tt/JPsikRr via IFTTT

The government has urged public sector banks to improve their debt recovery strategies. Banks are examining the legal feasibility of consolidating cases to streamline recovery efforts. A review will be held by the end of the fiscal year to assess progress. The aim is to reduce case pendency and optimize recovery processes. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/tFq6NSQ via IFTTT

By Elisabetta Povoledo from NYT World https://ift.tt/uSLlsoz via IFTTT

By Mark Landler from NYT World https://ift.tt/nlAZ3Fi via IFTTT

By Zach Montague from NYT En español https://ift.tt/FO5VrXC via IFTTT

By Rick Rojas, Isabelle Taft and Emily Kask from NYT U.S. https://ift.tt/rwls9MB via IFTTT

By William Robin from NYT Arts https://ift.tt/l70JPHm via IFTTT

By Benjamin Mullin from NYT En español https://ift.tt/3i25MgL via IFTTT

HDFC Bank has obtained the Reserve Bank of India's approval to acquire up to 9.5% aggregate stake in Kotak Mahindra Bank, AU Small Finance Bank, and Capital Small Finance Bank. This approval is valid until January 2, 2026. HDFC Bank must ensure that the stake held by its group entities does not exceed 9.5%. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/EafAX0I via IFTTT

IDBI Bank posted an 18% credit growth at Rs 2.06 lakh crore in the December quarter, with total deposits rising by 9% to Rs 2.82 lakh crore. Additionally, Bandhan Bank reported a 15% credit growth to Rs 1.33 lakh crore and a 20% increase in total deposits to Rs 1.40 lakh crore. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/dP9Qbl6 via IFTTT

By Alan Rappeport from NYT En español https://ift.tt/aDrQpzC via IFTTT

By Soumya Karlamangla from NYT En español https://ift.tt/BStZyNE via IFTTT

In December, the banking system liquidity slipped into deficit for the first time since June 2024. Despite easing the cash reserve ratio, the RBI managed call rates through variable rate repo auctions. System liquidity has been in deficit since mid-December, and interventions in the foreign exchange market are contributing to the pressure on liquidity. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/anvBelA via IFTTT

By Meher Ahmad from NYT Opinion https://ift.tt/OfzxWga via IFTTT

Indian banks are preparing for higher compliance costs, tighter margins, and tougher fee competition, potentially affecting 2025 earnings. Operational costs may stay high despite technology use. Banks face regulatory changes needing more provisions and resources. Well-capitalized banks with reduced bad loans offer some stability but cyber fraud threats persist. Enhanced regulatory oversight increases management focus on compliance impacts. from Banking-Banking/Finance-Industry-Economic Times https://ift.tt/1RkTyGm via IFTTT

By Shivani Gonzalez from NYT Arts https://ift.tt/XvcnqF3 via IFTTT

By Eve Sampson from NYT World https://ift.tt/BANqRK6 via IFTTT