| ETBFSI Newsletter | Monday, October 28, 2024 |
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Daily Newsletter
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Top Stories
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Investors are seeking innovation that goes beyond just being incremental but also is transformational, says Amit Goel, Founder of 77 Capital. In this ...
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Key regulatory approvals, including NPCI's recent approval for new UPI user onboarding, bolster Paytm's expansion plans while growth in financial se...
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Banking
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Large multinational banks have requested that the RBI amend rules to enable same-day settlement of stock trades (T+0) for foreign portfolio investors ...
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Securities and Exchange Board of India (Sebi) has issued a show cause notice to Axis Bank and its subsidiaries over the acquisition of a stake in Max ...
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India's second largest private lender ICICI Bank reported a 14.5% rise in its September quarter standalone net profit at Rs 11,746 crore versus Rs 10,...
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Yes Bank's standalone net profit for the September quarter surged 145% YoY to Rs 553 crore, driven by a 15% increase in interest earned. Gross NPAs im...
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Provisions tripled to â¹1,732 crore from â¹528 crore a year ago, primarily as the bank increased its provisioning buffer for its microfinance busine...
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Insurance
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There is a major consolidation brewing in the insurance distribution space, with two of the large players InsuranceDekho and Renewbuy being in talks f...
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People are now buying life insurance for protection, and the increase in surrender value is unlikely to impact the persistency ratio, Mahesh Balasubra...
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Financial Services
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Since the beginning of the fiscal year, the Reserve Bank has increased its gold stock by 31.6 tonnes, raising its total to 853.6 metric tonnes by Sept...
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Policy
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The Reserve Bank of India (RBI) maintains a positive growth forecast for India's economy, predicting a 7.2% expansion for the year ending March 2025. ...
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The Reserve Bank of India is struggling with rate transmission due to the dominance of other money market segments over the interbank call money marke...
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Shaktikanta Das, the Governor of Reserve Bank of India (RBI), on October 26, received award for A+ grade in Central Bank Report Cards 2024, for the se...
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Industry
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Finance Minister Nirmala Sitharaman advocates for increased support from multilateral development banks to aid poor and developing nations, particular...
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He has also outlined the possible risks - CDBC can create a situation of faster transmission of shocks across countries, can be used for currency subs...
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"FM @nsitharaman especially focused on enhanced support from international financial institutions, especially through increased lending capacity of Mu...
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