| ETBFSI Newsletter | Tuesday, October 29, 2024 |
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Daily Newsletter
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Top Stories
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The RBI has taken series of majors in the last few weeks and charged FinTechs for non-compliance. From Digital lending to unsecured lending and P2P le...
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Under new CEO Partha Pratim Sengupta's leadership, Bandhan is expected to maintain its cautious approach in lending, particularly within the microfin...
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The increase in employee strength aligns with the broader growth in balance sheets, which rose 4.3 percent for Indian banks' overseas branches and 0.4...
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Analysts highlight that ICICI has consistently delivered impressive results since Sandeep Bakhshi took over as CEO, meeting or surpassing market expec...
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Banking
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FSIB has recommended Ashok Chandra, currently Executive Director of Canara Bank, for the role of MD & CEO of Punjab National Bank, succeeding Atul Kum...
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On October 19, HDFC Bank reported a 6 per cent increase in the September quarter net profit to Rs 17,825.91 crore on a consolidated basis.
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Punjab National Bank's Q2 profit surged over twofold to Rs 4,306 crore, with income rising to Rs 34,447 crore. Asset quality improved as gross NPAs de...
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Tamilnad Mercantile Bank reported a 10.6% rise in Q2 net profit to Rs 303 crore, driven by NII growth and improved asset quality. Focus areas include ...
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The RBI has released data for the various holidays that will be observed in the upcoming weekend for Diwali, Laxmi pooja, Govardhan Pooja and various ...
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Mahindra Finance announced that RBI has approved its plan to launch co-branded credit cards with RBL Bank.
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The Enforcement Directorate (ED) has attached movable and immovable assets located at various places across Maharashtra, West Bengal, Bihar, Jharkhand...
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NBFC
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On a sequential basis, for the overall portfolio, the cost of borrowing declined by 8 basis points in the September quarter, supported by a credit rat...
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The company's core net interest income declined 6 per cent when compared to the year-ago period despite a 6 per cent rise in assets under management, ...
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Fintech
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Fintech company Slice and North East Small Finance Bank (NESFB) on Monday announced a successful completion of their merger, following the shareholder...
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The Peak XV Partners-backed fintech has rolled digital gold as its first investment product. Going forward, it plans to offer fixed deposits in partne...
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Financial Services
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Yields on a 10-year AAA corporate bond are now below 7.20%, while the 10-year government security (G-sec) yields 6.82% on a semi-annual basis, or 6.94...
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Motilal Oswal appointed Neetu Juneja as Group Chief Compliance Officer, bringing over 24 years of experience in capital and commodities markets.
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Policy
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The Reserve Bank of India set a minimum networth of Rs 300 crore for entities seeking authorisation as Central Counterparties (CCP). The RBI updated i...
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The RBI has issued draft guidelines to prevent lending overlaps between banks and their group entities. The proposed changes could require some bank g...
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Yields on the 10-year benchmark security closed at 6.87% on Monday, versus its previous close of 6.84% on Friday, CCIL data showed. Yields closed at 6...
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Industry
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During his Mann ki Baat address, PM Narendra Modi cautioned against rising digital arrest scams, revealing Indians lost Rs 120.3 crore in Q1 2024 alon...
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