Indian banks are increasingly recognizing climate change as the greatest systemic risk to the financial system. Despite a decline in loan defaults, the Reserve Bank of India's latest report highlights vulnerabilities, particularly in the construction, cement, and energy sectors. Regulatory responses have been slow, with new climate risk frameworks not fully implemented until 2028. To safeguard economic stability and attract global green finance, India must accelerate the adoption of robust climate strategies and align with international standards.
Banking

Indian Banks Acknowledge Climate Change As Their Biggest Threat

The Reserve Bank of India (RBI) recently released its semi-annual financial stability report, highlighting an important yet often overlooked threat to the country’s financial system:

Daily Capsule keeps you updated on India's startup ecosystem with news on VC funding, sustainability, deeptech ventures, and more. This article covers funding surges, sustainable travel, OYO's growth plans, and upcoming festivals.
Banking

India’s Innovation Engine: Daily Capsule Keeps You Updated

In today’s fast-paced world, staying informed about India’s vibrant startup ecosystem can be a challenge. But fear not, the Daily Capsule is here to keep

"Banks face new Trai regulations requiring digital consent for commercial communication, seeking clarity on sharing transaction details per RBI guidelines. Lenders also request special prefixes for customer calls to combat cyber fraud. Learn about the challenges and implications for financial institutions."
Banking

Banks Struggle With New Trai Mandate On Digital Consent

The Telecom Regulatory Authority of India (Trai) has just implemented new requirements that banks in India must comply with. These regulations mandate digital consent for

Indian banks are struggling with tighter cash conditions, forcing them to borrow more from debt markets. This shift leads to higher borrowing costs, ending an era of easy liquidity. While the HDFC-HDFC Bank merger inflated borrowing figures, the core issue is a cash crunch.
Finance

Banks Feeling The Squeeze: Tighter Cash Conditions Lead To Increased Borrowing

Indian banks are facing a new reality: tighter liquidity. This situation is forcing them to rely more heavily on debt markets to raise funds, resulting

Bandhan Bank founder Chandra Shekhar Ghosh to step down as CEO in July 2024 after leading the bank for nearly a decade.Alt Text: Portrait of Chandra Shekhar Ghosh, a man with a mustache and short black hair, smiling at the camera.
Finance

The Reserve Bank Of India Appointed Arun Kumar Singh As New Board Member For Bandhan Bank

Veteran Banker Joins Board Arun Kumar Singh, a retired chief general manager with almost 36 years of bank experience, was added to the board of

Apollo get buying recommdation by Geojit
Finance

Apollo Hospitals Enterprise: Buy Recommendation With Target Price Of Rs 7059 By Geojit

On June 20, 2024, brokerage company Geojit sent good news to Apollo Hospitals Enterprise Ltd. (Apollo Hospitals) stockholders when they made a “buy” call. At

DCB Bank get a buying rating from motilal oswal
Finance

DCB Bank Gets Buy Rating From Motilal Oswal, Target Price Set At Rs 175

Motilal Oswal Upgrades DCB Bank with a Positive Outlook A “buy” call on the stock was issued by renowned brokerage company Motilal Oswal, which is

April-June Direct Tax Collection Surges 21% to Rs 4.62 Lakh Crore: Analysis
Finance

April-June Direct Tax Collection Surges 21% to Rs 4.62 Lakh Crore: Analysis

This increase underscores the nation’s fiscal strength in the face of both internal and international economic volatility. It is mainly the result of a significant

Union Budget 2024: India's Economic Resilience & Growth Roadmap
Finance

Union Budget 2024: India Roadmap to Economic Resilience

India is getting ready to announce the Union Budget 2024 on July 22. The country is expecting significant policy changes and targeted funding to strengthen

ATM Operators Seek Rs 2 Increase in Interchange Fee for Viability
Banking

ATM Operators Seek Rs 2 Increase in Interchange Fee for Viability

Mumbai: The National Payments Corporation of India (NPCI) and the Reserve Bank of India (RBI) have been contacted by the Confederation of ATM Industry (CATMI),