| ETBFSI Newsletter | Wednesday, November 20, 2024 |
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Daily Newsletter
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Top Stories
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Despite the fall in recovery rates, the effectiveness of the IBC can be gleaned from an improved resolution-to-liquidation ratio, which rose from 0.21...
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Severe smog engulfing Delhi-NCR is wreaking havoc on businesses, disrupting factory operations and supply chains. The PHDCCI estimates over 3.4 millio...
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While the slowdown in retail lending has led to a de-risked portfolio for banks, the real test will come in the second half of FY25, especially during...
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Credit offtake increased by 9.3% compared to December 2023, reaching Rs 174.4 lakh crore by November 1, 2024, while deposit growth was 9.8%.
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Banking
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INDIA-BANKS-STAKE-India plans minority stake sale in four state-run banks, source says
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After deposit growth outpaced credit offtake for the first time in the last 30 months some days back, the credit and deposits are now growing in line ...
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AIBOC Chhattisgarh state secretary Y Gopal Krishna said, "Many of these issues have remained unresolved for far too long, testing the patience and ...
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Greed, fear and emotional vulnerability are some of the biggest factors that fraudsters thrive on, and consumers must be constantly vigilant, even as ...
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Money Mules or Mules are individuals who might be aware or be unaware in transferring illicit funds making the funds transfer appear legitimate. Indiv...
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A survey by Paisabazaar highlighted a strong consumer preference for online shopping during the festive season, with over 80% of the respondents benef...
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The Reserve Bank of India (RBI) has identified irregularities in gold loan disbursements. Lenders are now developing EMI options and term loan alterna...
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The Vidhan Sabha Elections shall be held in Maharashtra on 20 November 2024. In observance of it, the day shall be considered as a state-wide holiday,...
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Insurance
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LIC has appealed to the GST Appellate Authority, Delhi, against a â¹29.6 lakh GST demand for FY 2019-20, along with â¹23.09 lakh interest and â¹2.9...
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Indian insurance sector stocks like HDFC Life and ICICI Prudential dipped after reports emerged that the government might permit 100% foreign direct i...
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As per the provisional payroll data, released by the ministry of labour and employment on Tuesday, around 23,043 new establishments have been brought ...
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MDIndia Health Insurance TPA Pvt. Ltd. has successfully integrated with the National Health Claims Exchange (NHCX) platform, marking a significant ste...
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Debasish Panda, IRDAI chief, cautioned banks against mis-selling insurance products, emphasizing the need to prioritize customer trust over aggressive...
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The Coffee Board of India proposed including coffee under the crop insurance scheme and plans to boost domestic consumption. They aim to increase cof...
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The Life Insurance Corporation of India (LIC) faced severe criticism from Tamil Nadu Chief Minister M.K. Stalin and other leaders for allegedly promot...
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NBFC
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Sundaram Home Finance Ltd is expanding its presence in tier-III towns in western Tamil Nadu. The company aims to disburse over Rs 500 crore in the ne...
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Fintech
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Founder of embedded B2B finance platform says they can help founders raise money easily without diluting equity or presenting collateral.
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Embedded finance means where financial services can exponentially expand customer reach by directly integrating within everyday consumer platforms, op...
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Prior to joining Paytm Payments Bank, Kumar was associated with UBI Services as Chief People Officer.
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PeLocal, a payment solutions provider enabling e-commerce transactions through messaging platforms like WhatsApp, has secured $2 million in funding. T...
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