| ETBFSI Newsletter | Saturday, January 18, 2025 |
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Daily Newsletter
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Top Stories
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Looking ahead, Axis Bank's strategy to temper unsecured retail lending growth is likely to moderate leverage and return ratios in the near term.
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What challenges do Indian FinTechs face when transitioning to public markets? With already very few of such entities listed, MobiKwik's Co-founder & ...
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Currently the fifth-largest economy, India displayed mixed economic trends in December 2024: Inflation reached a four-month low, the trade deficit nar...
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Banking
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HSBC India has gained RBI's approval to open 20 new branches in key cities to cater to affluent, high net worth, and ultra-high net worth clients. Thi...
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This news follows him stepping down as the ED of PNB, he will be succeeding Shanti Lal Jain at Indian bank, who retired from the public sector bank on...
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Bank of Baroda raised Rs. 5,000 crore through long-term 10-year infrastructure bonds at an interest rate of 7.23%. They received Rs. 14,830 crore in c...
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Chandra took charge on Thursday, succeeding Atul Kumar Goel, who had been PNB's MD and CEO since February 2022.
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Axis Bank in its Q3 FY25 earnings call said that repricing from a potential rate cut will first impact the asset side first due to external benchmark-...
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High-street banks are considering approaching Supreme Court following a ruling that bars lending against properties without completion and occupancy c...
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Insurance
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During the quarter, net premium income improved to Rs 24,828 crore as against Rs 22,316 crore in the same quarter a year ago.
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ICICI Lombard reported a 68% increase in net profit to Rs 724 crore for Q3 ended December 2024, compared to Rs 431 crore in the same period last year....
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NBFC
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NCLAT has reinstated IL&FS Financial Service's Rs 593 crore claims and voting rights in the insolvency process of Attivo Economic Zones, a Srei Infras...
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This issuance marks IIFL's return to the international bond markets following its debut in February 2020. This news follows after RBI's decision to li...
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The Reserve Bank of India is considering Tata Sons' request to de-register from the list of core investment companies under NBFC-UL norms. Tata Sons, ...
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Fintech
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The initiative, which is a collaboration with Reserve Bank Innovation Hub and S.P. Jain Institute of Management and Research aims to empower fintech ...
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UPI has 450 million users, with approximately 200 million active daily users, according to the Managing Director and CEO of the National Payments Corp...
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Through its partnership with Piramal Finance, MobiKwik users across India will now have the ability to apply for and easily access personal loans thro...
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Financial Services
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The depreciating rupee will elevate India's import bill due to higher costs for vital commodities and machinery. Despite conventional wisdom suggestin...
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Policy
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India's disinflationary trend is expected to continue, offering limited room for monetary policy easing, according to the RBI's January 2025 bulleti...
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Industry
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India's foreign exchange reserves decreased by $8.714 billion to $625.87 billion for the week ending January 10, 2025, according to data from the Rese...
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The buzz surrounding Coldplay's concerts in Mumbai and Ahmedabad, marking their second visit to India, is unmatched. Tickets sold out within minutes,...
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