| ETBFSI Newsletter | Wednesday, October 1, 2025 |
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Daily Newsletter
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Top Stories
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TATA Capital, India's largest IPO of 2025, opens on October 6, the proceeds of which will fuel lender's growth for 2.5 years. With the Tata Motors Fi...
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Among large private banks, Kotak Mahindra Bank has the highest attrition rate, with ~37% at the junior management level despite limiting non-superviso...
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A PwC report shows attrition rates in GCCs at GIFT City reaching 3040%, significantly higher than the 1020% observed in metro cities, driven by ...
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Gold loan players face challenges in maintaining adequate LTV ratios and controlling operational costs, prompting some lenders to adopt disciplined gr...
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State Bank of India is likely to emerge as the biggest beneficiary, with an estimated inflow of $466 million. Indian Bank could see $177 million, whil...
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Banking
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Mumbai Police are investigating alleged accounting irregularities at IndusInd Bank, scrutinizing the hurried exit of senior dealer Pushkar Gondane. Go...
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Indian Overseas Bank collected loan-related charges in certain PSL accounts, each having sanctioned loan of up to Rs 25,000.
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While the Reserve Bank of India (RBI) has listed 15 festive bank holidays for the upcoming month, most states will observe three. There will be a tota...
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The bank's customers can now access various life insurance products from LIC, including term plans, endowment policies, pension schemes, and unit-link...
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Vis Raghavan, an Indian-born banker, has dramatically revitalised Citigroup's investment banking division since joining in 2023. His intense leadershi...
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While the bank is in litigation (including writ petition) on a similar issue raised in orders/SCNs in the past, since the aggregate/cumulative amount ...
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Bank credit to industry slowed to 6.5% in August 2025 from 9.7% a year ago, RBI data showed. Non-food credit rose 9.9% YoY, down from 13.6% earlier. C...
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The government has appointed Asheesh Pandey as MD and CEO of Union Bank of India and Kalyan Kumar as head of Central Bank of India for a period of thr...
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Industry executives attributed the slowdown to relative reluctance among banks, especially those privately owned, to chase housing loans because of th...
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Insurance
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New India Assurance (NIA), the country's largest state-run general insurer, has been directed to pay â¹23.79 billion by the local tax authority over...
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NBFC
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Tata Sons has missed the Reserve Bank of India's listing deadline, with its application to surrender its core investment company registration still aw...
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Mitsubishi UFJ Financial Group (MUFG) is in advanced talks to acquire a 20% stake in Shriram Finance for â¹23,200 crore ($2.6 billion), potentially t...
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Indian equity markets remain range-bound, awaiting sustained earnings upgrades for a breakout, despite FII weakness chasing AI stocks globally. Ashish...
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Fintech
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As contactless payments through smartphones gain popularity among consumers, PhonePe and Mastercard have announced a collaboration to launch an exclus...
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The Bengaluru based company, RUGR announces the raise of USD 5 million in a Pre-Series from a Mauritius-based collective investment scheme, Vikasa Ind...
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Financial Services
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Vitruvian, which has backed the company through its Singapore platform, will get a minority stake in HFS
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INDIA-RUPEE-Weak rupee not a hurdle to India rate cut, analysts say
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The move signals growing acceptance of these digital tokens among major businesses, who have been emboldened by the United States passing the Genius A...
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Morgan Stanley has warned that India needs 12.2% annual growth to tackle underemployment and high youth joblessness. Despite 7.8% growth in June, it l...
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