| ETBFSI Newsletter | Thursday, September 4, 2025 |
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Daily Newsletter
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Top Stories
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The GST Council has exempted life and health insurance premiums from the earlier 18 per cent levy, bringing them under the NIL GST bracket from Septem...
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The GST Council has slashed rates significantly, making homegrown products like art, handicrafts, and textiles more budget-friendly. Plus, a streamlin...
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The recent decision by the government to scrap GST on health and life insurance premiums is designed to make these essential products more accessible....
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Industry loans now constitute just 22 per cent of overall credit, down sharply from over 45 per cent at peak levels. The softer trend shows that a mea...
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About 29% of cases involved candidates inflating tenure, fabricating company names, or concealing termination history. Address verification failures a...
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Banking
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In a letter to the Prime Minister dated August 26, a copy reviewed by ET, former CFO of IndusInd Bank claimed that he uncovered serious issues in trea...
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Banks want fewer long-term bonds issued in the second half of fiscal year 2026. They prefer more short-term bonds. Demand for long bonds from insurers...
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Sebi Chairman, Tuhin Kanta Pandey, emphasized banks' moral duty to follow insider trading rules. He urged banks to strengthen internal controls to pre...
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India Post Payments Bank (IPPB), which recently celebrated its eighth foundation day, known as IPPB Day, has crossed the 12-crore customer milestone, ...
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Citibank has appointed Kaustubh Kulkarni as co-head of investment banking. He will oversee operations in Japan, North Asia, Australia, and South Asia....
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Insurance
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Axis Max Life Insurance and India Post Payments Bank have collaborated to provide affordable life insurance in rural India, utilizing IPPB's extensive...
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Niva Bupa is in hot water on social media after a customer accused them of rejecting a significant cashless claim, despite their comprehensive health ...
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Fintech
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The Regional Engagement Board will act as an advisory group to the Council on payment security challenges in the region and will promote education an...
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Global FinTech funding slowed to USD 3.16 billion in August 2025, down from USD 4.35 billion in July. Deal activity was spread across the US, UK, Turk...
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India's real-time digital payment system Unified Payments Interface (UPI) recorded 20.01 billion transactions in August 2025, fuelled primarily by fes...
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Financial Services
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Gold and silver prices surged to new all-time highs on Wednesday, continuing their upward momentum in both domestic and international markets.
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Invesco Mutual Fund has received market regulator Sebi approval to transfer a controlling 60 per cent stake to IndusInd International Holdings Ltd (II...
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The Association of Mutual Funds in India (AMFI) has proposed the Mutual Fund- Voluntary Retirement Account (MF-VRA) scheme, which aims to provide a vo...
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Industry
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In a major reform aimed at providing relief to households, farmers, businesses and the healthcare sector, Finance Minister Nirmala Sitharaman on Wedne...
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Industry bodies said the clarity will ease compliance, reduce litigation, and give businesses and consumers much-needed predictability. The GST Counci...
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