| ETBFSI Newsletter | Saturday, April 26, 2025 |
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Daily Newsletter
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Top Stories
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We enter FY26 with zero NPA in microfinance, provisions already made for future slippages, says RBL Bank CEO R Subramaniakumar. What led to the ...
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Following the Pahalgam terror attack, insurance companies are providing assistance to the victims' families. LIC is easing claim processes. PB Fintech...
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India's current household debt is manageable and households remain well positioned to support 6.5% growth over the next 3-5 years, according to Morgan...
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Banking
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Axis Bank announced that Deputy Managing Director Rajiv Anand will retire on August 3, 2025, after completing his third term. Anand played a key role ...
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The Asian Development Bank (ADB) pledged $5 billion in loans and grants to India in 2024, along with $2.2 billion in cofinancing, to support key devel...
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India witnessed a significant surge in credit card spending, reaching a record â¹21.16 lakh crore in FY25, marking a 15% increase fueled by robust co...
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Axis Bank announced the elevation of Sameer Shetty, Bipin Saraf, and Rajkamal Vempati to group executives for Digital Business, Bharat Banking, and Hu...
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Its total income rose to Rs 1,961 crore in January-March quarter of the financial year (FY25) from Rs 1,581 crore in the year-ago period, DCB Bank sai...
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During the quarter, the bank's total income increased to Rs 4,476 crore as against Rs 4,215 crore a year ago, RBL Bank said in a regulatory filing.
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On liquidation, every depositor would be entitled to receive deposit insurance claim amount of his/her deposits up to Rs 5 lakh from Deposit Insurance...
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In a press release on Friday, Indian Bank said, "In light of the recent policy move by the Monetary Policy Committee of the Reserve Bank of India, Ind...
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State-owned Bank of Maharashtra (BoM) on Friday reported a 23 per cent rise in net profit to Rs 1,493 crore in the March 2025 quarter on the back of c...
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Kotak Mahindra Bank has reduced savings account interest rates by 25 bps for balances between Rs 5 lakh and Rs 50 lakh, effective April 25, 2025. The ...
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Insurance
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This surge reflects a growing trend of youth entering the formal workforce, as 7.36 lakh of these new enrolleesapproximately 47.7%are individual...
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NBFC
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Federation of Indian Micro and Small & Medium Enterprises requests revisions to banking rules. The aim is to help MSMEs facing temporary financial dif...
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SHRIRAM FINANCE-RESULTS/India's Shriram Finance posts quarterly profit miss as finance costs bite
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The Board of Home Credit appointed Vivek Singh as Chief Executive Officer, effective April 7, 2025. He holds an MBA and brings over 20 years of experi...
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The revised interest rates will now start from 8 per cent and will come into effect from April 28, it said.
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Fintech
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British online bank Revolut said Thursday it more than doubled net profit last year to £790 million ($1.1 billion) as customer numbers surged particu...
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The move comes as rival Flipkart's fintech app, Super.money, is actively seeking fresh funding. On January 13, ET reported that Flipkart is in advanc...
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Financial Services
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Nomura predicts a stronger Indian Rupee against the US Dollar by December 2025. They expect the Rupee to reach 84 per dollar. This forecast by Nomura ...
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Policy
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The Supreme Court has overturned high court orders that had halted actions against major defaulters, allowing the RBI and banks to resume proceedings....
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