India
India, Maldives ink deal to promote local currencies for cross-border trade
India, Maldives ink deal to promote local currencies for cross-border trade
Both countries aim to reduce costs and expedite settlement times for transactions.
India’s central bank warns against deepfake videos involving governor
The videos claim that its governor supports investment schemes.
India’s deposits surpass loan growth in Oct-Nov 2024
Higher term rates helped push up deposits, according to CareEdge.
India's microfinance institutions see rising delinquencies
CareEdge warns this could hamper incremental bank funding and equity investments.
4,800 phishing incidents monthly in India's banks
Banks use GenAI apps at a lower rate than other sectors, likely due to stricter controls.
State Bank of India taps SG-based APIX for fintech innovation platform
The platform will provide access to over 250 financial service APIs.
Low deposit growth spell loan funding challenges for Indian banks
The banks may opt to borrow more, according to Fitch.
India urges banks to review digital payment access for disabled users
They must submit a plan of action for any modification within a month’s time.
India’s credit and charge card payments market to grow 15.5% in 2024
Credit and charge cards accounted for 75.7% of total card payment value in 2023.
India’s central bank names new executive director
Shri Aviral Jain will look after the legal and premises departments.
IDFC First Bank, ICICI banking platforms rated best in India: Forrester
IDFC is the top-rated platform overall whilst ICICI was best in overall experience.
Axis Bank, Mastercard, launch credit card for business owners
Cardholders will gain access to select airport lounges and are offered travel insurance.
India’s new regulatory measures to moderate loan growth
It will enhance compliance and safeguard customers, S&P said.
RBI deputy governor calls for enhanced financing access for Indian farmers
Shri Swaminathan Janakiraman suggested five solutions to address financing issues.
Indian banks deposits and credit grow at the same pace
Deposits have expanded by $147.73b between January-August 2024.
India warns against fraudsters’ posing as central bank employees
They would use fake letterheads or threaten to close bank accounts.
Mastercard pilots biometric payment authentication in India
Shoppers can use their fingerprint, face scan, or pin to confirm payment.
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