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MSMEs financial strategies amid festivities l Federal Bank eyes shift in growth l Project Mandala
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ETBFSI Newsletter | Wednesday, October 30, 2024

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India's festive season presents promising growth for MSMEs through increased consumer spending. Experts highlight the importance of financial planning...
The bank expected to strengthen its presence in key markets and improve operational metrics, positioning it as a compelling investment within the mid-...
Project Mandala aligns with the G20's priorities for enhancing cross-border payments by offering the potential to reduce transaction costs and accele...
The RBI has taken a series of measures in the last few weeks and charged FinTechs for non-compliance. Regulators supervisory actions include digital l...
A new scam known as 'Digital Arrest Fraud' is causing significant financial losses. Fraudsters impersonate law enforcement officials and threaten vict...
 
Banking
State Bank of India is cautious about lending to non-banking financial companies due to regulatory concerns and interconnected lending issues. The ban...
Defaults by highly leveraged small borrowers are increasing stress on India's top banks, with a significant impact on personal loans and micro-credit ...
Axis Bank says artificial intelligence will alter work processes but won't result in overall job cuts. The bank is increasing its digital staff and fo...
Canara Bank Q2 Results FY25: The interest earned by the lender in Q2 FY25 stood at Rs 29,740 crore, up 11% from Rs 26,838 crore reported in the corres...
Indian lenders such as Kotak Mahindra Bank, IndusInd Bank, IDFC First Bank, and RBL Bank foresee ongoing asset quality issues in the microfinance sect...
The Nifty Bank index advanced 2.1% on Tuesday, while the benchmark Nifty gained 0.5%. Ten of the 12 stocks on the Nifty Bank index gained at close on ...
 
Insurance
Ayushman Bharat Health Insurance (PMJAY): Prime Minister Narendra Modi has launched health insurance coverage for all senior citizens aged 70 and abov...
During Q2 FY25, its gross written premium (GWP) rose by 17% YoY at Rs 4,371 crore against Rs 3,731 crore during the year ago quarter. For the half yea...
According to Lockton, their strategic expansion into the Indian market aims to address the growing demand for advanced risk consulting and management ...
Chola MS General Insurance reported a 60% rise in pre-tax profit to Rs 350 crore for H1 2024, driven by non-recurring income. Gross Written Premium re...
 
NBFC
This authorisation enables the company to operate as an "Offline Payment Aggregator," according to a regulatory filing with the Bombay Stock Exchange ...
NBFC firm Northern Arc Capital, which listed on the bourses last month, reported a 24 per cent increase in consolidated net profit to Rs 96 crore for ...
Management anticipates further traction in vehicle finance over the coming quarters, buoyed by a favourable rabi crop yield, increased government infr...
In a statement on Tuesday, Vridhi Home Finance said that it is investing in building a strong distribution network, in risk management practices and i...
 
Fintech
Total expenses for the Bengaluru-based firm fell to Rs 3,280 crore in FY24 from Rs 3,635 crore a year earlier, with employee benefit expenses declinin...
Cashfree Payments has secured the Prepaid Payment Instrument (PPI) license from the Reserve Bank of India (RBI), adding to its existing Payment Aggreg...
The latest funding round was supported by existing investors London-based Development Partners International and private equity firm Lightrock. Google...
 
Financial Services
The Reserve Bank of India has transported another 102 tonnes of gold from the Bank of England to secure locations within the country, bringing the tot...
This Dhanteras JioFinance introduces 'SmartGold'. Through their app customers can choose flexible options to buy SmartGold in denomination of rupees o...
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