RBI lowers qualifying asset threshold for NBFC-MFIs to 60%, enabling greater diversification

Industry leaders, including CreditAccess Grameen CEO Ganesh Narayanan, welcomed the move as a transformative step that will enhance balance sheet stability and earnings potential. | Photo Credit: Naturecreator The RBI has reduced the qualifying asset threshold to 60% (net of intangible assets) from 75% of total assets for NBFC-MFIs (non-banking finance company – microfinance institutions),…

Indian Green Building Council looks to tie up with West Bengal govt to promote green buildings

“Banglar Bari” is a scheme to provide concrete housing for Bengal’s economically weaker and vulnerable families. Indian Green Building Council on Friday said it is looking to tie up with the West Bengal government for promoting green buildings under the “Banglar Bari” housing scheme in the state. “Banglar Bari” is a scheme to provide concrete…

Interpol red notice issued for Ghana’s former finance minister | Corruption News

Ken Ofori-Atta skipped prosecutor summons over several corruption claims, including multimillion-dollar cathedral project. Ghana’s former finance minister, Ken Ofori-Atta, has been placed on Interpol’s red notice list after allegedly using public office for personal gain. Ofori-Atta, whose location remains unclear as he reportedly seeks medical treatment, is being investigated over a string of high-profile contracts…