| ETBFSI Newsletter | Saturday, May 17, 2025 |
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Daily Newsletter
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Top Stories
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CLSA downgraded the stock and slashed the target price to Rs 780, citing a 22% cut in FY25 profit estimates and a 1317% cut for FY2627 due to ne...
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The increase in activity comes as the Reserve Bank of India urges banks to make greater use of the call market in an effort to keep it relevant to mon...
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Banking
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Yes Bank anticipates Sumitomo Mitsui Banking Corp (SMBC) to maintain at least a 20% stake, with regulatory factors potentially limiting further increa...
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The brokerage said it cut its FY25 Profit after Tax (PAT) estimates by 22% due to this â¹6.74 billion reversal. It also slashed the FY26 and FY27 PAT...
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State Bank of India has reduced its deposit rates by 20 basis points across all maturity periods, including the special 444-day scheme, effective Frid...
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IndusInd Bank addressed a news report concerning accounting irregularities found by its internal audit. The audit revealed erroneously recorded intere...
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Insurance
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SBM Bank India announces its collaboration with ICICI Prudential Life Insurance, aiming to expand its retail business and diversify offerings.
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NBFC
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In the absence of banks, which focus on loans of Rs 15-20 lakh, NBFCs are finding growth opportunities in the high yielding micro-LAP (loan-against pr...
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Pennant Technologies successfully completed a core lending transformation for Bajaj Finance, India's largest non-bank lender. The transition to pennA...
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LIC Housing Finance beat fourth-quarter profit expectations on Thursday, helped by healthy asset quality and lower provisions.
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Fintech
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The fund, set up by former Twitter India head Manish Maheshwari, ex-Yahoo executive Aditya Mishra and Ravi Metta, will focus on sectors such as fintec...
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PB Fintech reported a significant surge in Q4FY25, with net profit soaring by 185% to â¹171 crore, driven by a 38% increase in revenue to â¹1,508 cr...
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Financial Services
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For existing FPIs, adding the suffix would not be treated as a name change and a separate registration would not be required for ODIs with government ...
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India's foreign exchange reserves saw an increase. The reserves rose by $4.5 billion. This brought the total to $690.62 billion for the week. The week...
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Policy
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The Reserve Bank of India has penalized Yes Bank Limited â¹29.6 lakh for failing to accurately disclose customer complaint information in its 2023-24...
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The Reserve Bank of India (RBI) is scheduled to meet with lenders next week to explore potential adjustments to its fund management strategies within ...
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Economists expect the Reserve Bank of India's (RBI) dividend to the government to surpass a record over Rs 2.5 lakh crore this year as the central ban...
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Industry
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Technology continues to lead the demand, followed by strategy, business development, and finance. Consultant sign-ups have also soared, with a notable...
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Lending by MSMEs witnessed robust growth in recent years, with Non-Banking Financial Companies (NBFCs) emerging as the front-runners, outpacing the gr...
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Global growth faces headwinds from trade tensions and policy uncertainty, impacting both developed and developing nations. India's inflation is expect...
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The Nifty 50 index reached its highest point since October. Optimism surrounds a potential US-India trade deal. Corporate India is attracting global i...
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