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Banks struggle to mobilise deposits, C-D ratio hits 80%

by AIP Online Bureau | Sep 28, 2024 | Banking & Bancassurance, Data, Eco/Invest/Demography, Policy, Wealth Management/ Philanthropy

Alternative investments and substantial cash holdings in the unorganised sector slowed deposit accumulation, particularly in rural areas, RBI said New Delhi: Banks struggled to mobilise large deposits to meet the increasing credit demand in the last two financial...
Banks must use UPI to create more digital opportunities to empower millions: FM Sitharaman

Banks must use UPI to create more digital opportunities to empower millions: FM Sitharaman

by AIP Online Bureau | Sep 20, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Policy, Risk Management, Technology

Nirmala Sitharaman, Union Finance Minister As banks benefit from technology, they need to periodically learn to mitigate risks and improve customer service, credit assessments and fraud detection using technology, the Finance Minister noted Mumbai: As the unified...

RE-INVEST 2024: Pralhad Joshi says Rs 32.45 lakh cr finance pledged for renewables sector

by AIP Online Bureau | Sep 16, 2024 | Climate, Environment, Renewable Energy, Data, Eco/Invest/Demography, Policy, Technology

Addressing the inaugural session of the 4th RE-INVEST 2024, Joshi said, “we have received overwhelming commitments from the states and UTs as well as from developers, manufacturers and financial institutions to support our goal of 500 GW by 2030.” Gandhinagar: Union...
Financing Climate Risks: Testing New Approaches

Financing Climate Risks: Testing New Approaches

by AIP Online Bureau | Aug 30, 2024 | Articles, Climate, Environment, Renewable Energy, Eco/Invest/Demography, Policy, Regulation

“Emerging market and developing economies face substantial financing gaps in low-carbon, climate-resilient investments. We need to step up climate action and crowd in private investment for countries most in need,” said Axel van Trotsenburg, World Bank Senior Managing...
Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor

Private US banks can embrace UPI for faster digital payments: Fed Reserve Governor

by AIP Online Bureau | Aug 28, 2024 | Banking & Bancassurance, Eco/Invest/Demography, Indian News, Risk Management, Technology

Christopher Waller,Governor,Federal Reserve “The technology-driven payments revolution in India has been enabled by a public-private partnership to build the ‘technology stack’ of digital platforms that has broadened financial inclusion and done so at low costs,”...
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