| ETBFSI Newsletter | Tuesday, December 3, 2024 |
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Daily Newsletter
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Top Stories
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Duvvuri Subbarao, Former Finance Secretary, Government of India & Former Governor, RBI delivering the keynote address
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NBFC Executives including Sudipta Roy of L&T Finance, Sachin Pillai of Hinduja Leyland Finance, Pankaj Gadgil of Aditya Birla Housing Finance, Alok Ag...
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A key driver has been a regulatory push discouraging unsecured personal loans, coupled with the ease of obtaining loans against gold jewellery.
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The company will lose upfront fee income from credit card originations, estimated at Rs 470 million in FY25 and Rs 1.4 billion in FY26, translating to...
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From promoting trade in national currencies to establishing independent financial institutions, BRICS is laying the groundwork for a multipolar econom...
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RBI's Monetary Policy Committee meeting in December 2024 is unlikely to include a rate cut, predicts SBI. Despite disappointing Q2 growth numbers and ...
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The growth of NBFC assets under management is projected to slow to 15-17% in the current and next fiscal years. This is down from 23% last fiscal year...
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Banking
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Canara Bank FD interest rates: After the revision, the bank offers interest rates between 4% and 7.40% for the general public and 4% and 7.90% for se...
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Karnataka Bank invites Indian nationals to apply for Probationary Officer positions, with a starting pay of Rs 48,480. The private bank closes their o...
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Inoperative SBI bank account: The bank emphasised the importance of carrying out regular transactions in accounts and preventing categorization into i...
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Banks are increasing regular background checks on employees and agents to combat fraud, driven by regulatory scrutiny and the need to prevent internal...
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SBI plans to open 500 new branches across India this financial year, with 135 already opened by October 31, 2024, according to Finance Minister Pankaj...
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AU Small Finance Bank has revised its reward points, Axis Bank has made several changes to the general terms and conditions of most of its credit card...
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Canara Bank FD interest rates: After the revision, the bank offers interest rates between 4% and 7.40% for the general public and 4% and 7.90% for se...
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Insurance
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ACKO launches its first Life Insurance product, ACKO Life Flexi Term Plan, offering customizable coverage for different life milestones and additional...
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Finance Minister Nirmala Sitharaman stated that policy holders can expect lower insurance costs if the GST Council recommends a reduced GST rate on he...
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NBFC
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Bajaj Finance, which has underperformed in recent years, has a high potential to become an outperformer. This is due to its robust balance sheet growt...
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Small businesses can now obtain loans of up to Rs 5 lakh from Muthoot FinCorp ONE, based on their daily QR-code transactions. This follows the Finance...
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The lender will offer interest rates between 8.65% and 9.25%, depending upon maturity. Both Crisil and India Ratings have rated the bonds as "AA/stabl...
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Fintech
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The mega success story of Unified Payments Interface (UPI) continues, and it would be no surprise if the number of UPI transactions touches 25 billion...
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The numbers tell the story. Central bill payments platform Bharat Connect processed transactions totaling Rs 1 trillion in October, recording 239.31 m...
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Fintech major Razorpay on Monday said it has partnered the Ministry of Home Affairs (MHA) and the Indian Cyber Crime Coordination Centre (I4C) to boos...
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