| ETBFSI Newsletter | Monday, April 28, 2025 |
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Daily Newsletter
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Top Stories
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What is the future of gold loans? What role will NBFCs play in shaping it? How will the RBI's draft guidelines on gold loans impact the industry? Wher...
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Canara Bank and Indian Bank rates have dropped to 7.90% after a 25 basis points cut. LIC Housing Finance too cuts rates 25 bps.
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Loans to micro and small enterprises (MSEs), one of the key categories within the PSL framework, stood at Rs 21.91 lakh crore as of January 2025. Medi...
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Asset quality showed mixed trends gross NPA fell 16 bps sequentially to 3.08%, while net NPA rose 28 bps to 1.46% due to changes in expected credi...
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Banking
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IndusInd Bank disclosed that an independent review found a cumulative Rs 1,959.98 crore impact on its P&L from incorrect accounting of derivative trad...
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"Rajiv has been instrumental in transforming the Corporate Bank and contributed to building our retail franchise in its formative years. Rajiv has bui...
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IDFC First Bank reported a 58% YoY drop in Q4 net profit to Rs 304 crore, impacted by a decline in its microfinance loan portfolio. Despite this, Net ...
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In May 2025, banking operations will be affected by state-specific holidays like Labour Day, Tagore Jayanti, Buddha Purnima, and state days. Closures ...
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The bank was addressing reports that more than 100 senior employees were asked to leave.
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Canara Bank is expected to raise over â¹500 crore through the partial sale of its mutual fund subsidiary, Canara Robeco Asset Management Company, by ...
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Insurance
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The Insurance Amendment Bill, allowing 100 percent FDI, may soon be introduced in Parliament. The finance ministry aims to table the bill during the m...
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NBFC
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L&T Finance reported a 15% increase in consolidated net profit, reaching Rs 636 crore for the January-March quarter. Total income rose to Rs 4,027 cro...
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As India manoeuvres toward its e-mobility goals, the demand for financing will grow multifold, with the EV finance market anticipated to reach â¹3...
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Financial Services
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India's foreign exchange reserves have risen to the highest-level since November last year to $686.14 billion, which shows a resilient economy amid gl...
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Foreign investors have made a notable return to Indian equity markets this month, emerging as net buyers over the past two weeks, analysts said on Sat...
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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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A new 10-year government bond is likely to be introduced on May 2. The existing benchmark paper has a residual maturity of 9.5 years. Heightened tensi...
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Reserve Bank Governor Sanjay Malhotra urged US industry leaders to invest in India, highlighting its position as the fastest-growing major economy. He...
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Rich Indian families face hurdles in gifting overseas wealth to their children. The Reserve Bank of India is scrutinizing the practice of gifting offs...
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Industry
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India's BFSI sector has experienced remarkable growth, driven by digitalization and regulatory reforms, significantly increasing its market capitaliza...
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An additional $2.2 billion came through cofinancing. The support aimed to improve healthcare, education, and infrastructure. Maharashtra received $500...
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India's Index of Industrial Production (IIP) likely grew 4.3 per cent year-on-year in March 2025, improving from 2.9 per cent in February, according t...
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