Key Points
Department of Financial Services Secretary Nagaraju M expressed skepticism about cryptocurrencies, echoing the Reserve Bank of India's cautious stance..
Nagaraju also urged microfinance companies to practice responsible lending and stressed the importance of climate-proofing infrastructure finance.iStock..
Mumbai: Department of Financial Services (DFS) Secretary Nagaraju M on Monday said he is "sceptical" about cryptocurrencies like Bitcoin and stressed on the need to adopt a cautious approach on such assets..
In the comments that come amid a handsome rise in the value of some of the cryptocurrencies following the election of Donald Trump as the next US President, Nagaraju said his computer science graduate sons also call it a "suspect scheme" and he refers to them...
He also said that the banking community will have to work on "climate proofing" infrastructure finance on priority.. The DFS secretary said India does not have a sufficient number of women on boards of state-run lenders, and added that the government would like to work on improving this aspect...
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