| ETBFSI Newsletter | Saturday, April 5, 2025 |
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Daily Newsletter
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Top Stories
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Watch this episode by Amol Dethe, Editor, ETBFSI & ETCFO, as he decodes why India must pivot from globalisation to localisation, harness its USD 4 tri...
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Amitabh Kant stressed the importance of FinTech SROs in India, suggesting that no single entity should control over 10% of paid-up capital to ensure i...
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"Security and innovation must coexist in BFSI," said NaBFID CISO K M Salam. He recommended firms to move beyond a 'one-size-fits-all' model, adopt r...
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HDFC Bank reported a 14.1% year-on-year rise in deposits to Rs 27.15 lakh crore as of March 31, 2025, outpacing its advances growth of 5.4%, which sto...
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Goldman Sachs lowers India's FY26 real GDP forecast to 6.1 per cent amid a 19.5 per cent effective US tariff hike under Trump. CY25 growth to slow by...
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Banking
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IndusInd Bank's pursuit of profit led to a significant $175 million discrepancy in its balance sheet, stemming from improper derivative accounting pra...
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Union Bank of India reported an 8.6 per cent credit growth to Rs 9.82 lakh crore in the March 2025 quarter. Total business rose 7.8 per cent to Rs 22....
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Federal Bank's Executive Director Shalini Warrier has resigned after nearly a decade with the bank to embark on a potential entrepreneurial journey. W...
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HDFC-BANK-India's HDFC Bank says growth in quarterly deposits outpaces loans
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Meanwhile, another public sector lender Bank of India reported a 13.59 per cent loan growth to Rs 6.65 lakh crore at the end of fourth quarter of FY25...
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IndusInd Bank faced a 2% decline in term and low-cost deposits due to discrepancies in forex derivatives accounting. Retail deposits fell by Rs 3,550 ...
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The NCLAT has permitted Canara Bank and Indian Bank to proceed with labeling former directors of IL&FS, not part of the current board, as 'wilful defa...
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India's microfinance sector faces rising delinquencies due to household over-indebtedness, with 27% of borrowers taking new loans to repay old ones. A...
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Several banks, including HDFC Bank, Yes Bank, and Punjab & Sind Bank, have revised their fixed deposit interest rates ahead of the RBI's upcoming Mone...
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Insurance
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LIC has refuted US claims of receiving 'special treatment' from the Indian government and regulators, stating it operates in a competitive market with...
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NBFC
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The loan documents for a term loan amounting to Rs 3,516.68 crore were executed on March 28, 2025, PFC said.
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Fintech
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India Fintech Foundation (IFF) was officially launched at Startup Mahakumbh as a proposed self-regulatory organization for the fintech industry. The f...
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Policy
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The Reserve Bank of India has added WhatsApp to its 'RBI Kehta Hai' outreach campaign to disseminate verified financial information and enhance digi...
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Driven by rising rural banking demand, government-led financial inclusion schemes, and digital innovation, India's business correspondent sector was s...
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The Reserve Bank of India will soon issue Rs 10 and Rs 500 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of Governo...
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Industry
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Initially, India's tariff rate was indicated at 27%, contrary to the previously mentioned 26% during Trump's announcement on April 2. However, the mos...
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The comments from the senior SBI official come within weeks of Singapore's DBS chief executive Piyush Gupta suggesting that AI is impacting a tenth of... |
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