| ETBFSI Newsletter | Tuesday, February 4, 2025 |
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Daily Newsletter
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Top Stories
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Banks may attract about Rs 45,000 crore bank deposits, strengthening their lending capacity and improving liquidity in the financial system
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Measured against imports, reserves currently provide cover for just over eight months. However, when considering only foreign currency assets, the cov...
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The windfall from the RBI's foreign exchange transactions, including the sale of dollars to stabilise the rupee, is expected to contribute to this su...
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Banking
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Gold loans by commercial banks surged by 68% in the first nine months of FY25 due to rising gold prices. Non-bank lenders also saw a rise in gold loan...
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Bill Winters, CEO of Standard Chartered Plc, will visit India to enhance the bank's presence and launch a global wealth campaign. He is set to meet ke...
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India is considering accepting Russia's Mir payment system for electronic fund transfers, potentially easing transactions for Russians visiting India....
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The slowdown was majorly attributed to 'other personal loans,' 'vehicle loans,' and 'credit card outstanding. The data additionally highlighted th...
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Insurance
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The finance ministry plans to present a draft bill to raise the foreign direct investment limit in the insurance sector to 100% from 74%, along with a...
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Bajaj Allianz General Insurance has appointed Anckur Anil Kanwar as its new CFO, effective February 1, 2025, succeeding Ramandeep Singh Sahni. Kanwar ...
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NBFC
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The National Financial Reporting Authority has fined auditor Neeraj Bansal Rs 5 lakh and barred him for five years due to lapses in auditing Religare ...
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The overall lending portfolio, covering NBFC and housing finance, expanded 27% year-on-year and 6% sequentially to Rs. 1,46,151 crore as of Dec 31, 20...
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CreditAccess Grameen has secured a $50 million investment from IFC, bolstering confidence in the microfinance sector. This funding enables the NBFC-MF...
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Fintech
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Australia-based fintech firm Findi on Monday announced that they have received the Indian central bank's approval to acquire 100% stake in Tata Commun...
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Following the regulatory diktat, last year banks moved all their third-party credit card bill payments to the Bharat Connect platform. This resulted i...
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Policy
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The finance ministry and RBI are collaborating to simplify foreign exchange rules, particularly for non-debt instruments, to attract more foreign inve...
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Finance Minister Nirmala Sitharaman is scheduled to address the Reserve Bank of India's central board on February 8 in a post-budget meeting to coordi...
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Industry
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India's economy is projected to grow at 6.5% in FY26, supported by lower inflation and expected RBI rate cuts, provided there are no major global shoc...
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India's Manufacturing PMI in January accelerated to 57.7 from 56.4 in the previous month, revealed data from S&P Global. Indian goods producers kicke...
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