| ETBFSI Newsletter | Tuesday, May 6, 2025 |
|
Daily Newsletter
|
|
|
|
Top Stories
|
|
The new CEO of RBIH will be finalised in the next three weeks. The Board has appointed Rajiv Ranjan, who is currently working as a Chief Digital Offic...
|
|
Indian Bank MD & CEO Binod Kumar discusses NIM guidance of 3.153.30%, a shift to cheaper funds, co-lending plans, corporate credit appetite, and wh...
|
|
Despite better-than-expected 7% year-on-year growth in core revenues for the fourth quarterdriven by 6% NII growth and a 13% rise in core feesth...
|
|
Under the new norms, banks will now be required to maintain a 7.5% run-off rate for stable retail deposits and 12.5% for less stable deposits, down fr...
|
|
Looking ahead, analysts expect earnings to grow 11% YoY in FY26, excluding one-off gains from the sale of Kotak General Insurance in FY25. The bank's...
|
|
|
|
Banking
|
|
|
Sumitomo Mitsui Banking Corp (SMBC) is in advanced discussions to acquire a significant stake in Yes Bank, potentially triggering an open offer for an...
|
|
Union Bank of India is under scrutiny for purchasing nearly two lakh copies of Krishnamurthy V Subramanian's book, 'India@100,' for â¹7.25 crore. The...
|
|
Bank of Baroda has announced the reduction of home loan interest rates to 8.00% p.a. for loans above Rs 15 lakh, linked to credit scores. Additionally...
|
|
Unity Small Finance Bank on Monday reported an 83 per cent jump in its net profit to Rs 264 crore for the March quarter. Centrum Financial Services pr...
|
|
Shares of Kotak Mahindra Bank on Monday tanked nearly 5 per cent after the firm reported a 7.57 per cent decline in consolidated net profit for the Ma...
|
|
The government's disinvestment plan for IDBI Bank, as part of the broader strategy to monetise assets through stake sales during the current financial...
|
|
While the bank's net interest margin contracted by 30 basis points in Q4 FY25 due to an increasing share of secured products and interest reversals, ...
|
|
|
|
Insurance
|
|
On Monday, Star Health Insurance announced that they have appointed Rajeev Kher as Chairperson of the board. The decision was taken at the Board meeti...
|
|
|
|
|
|
NBFC
|
|
INDIA-DEBT/NHB (PIX)India sees debut listing of residential mortgage-backed securities
|
|
Invent Assets Securitisation & Reconstruction Private Limited has initiated insolvency proceedings against Reliance Housing Finance Limited (RHFL) by ...
|
|
The net interest margins (NIMs) of microfinance institutions (MFIs) are expected to shrink in the financial year 2025 ended in march, due to emerging ...
|
|
A new report suggests Non-Banking Financial Companies are expanding faster than India's economy. These companies are crucial in retail and rural lendi...
|
|
|
|
Fintech
|
|
Paytm is set to announce its Q4FY25 results with brokerages divided on outcomes. JM Financial and Yes Securities expect a PAT swing to profit, while M...
|
|
In the last five years, QED Investors has invested around $220 million across Asia. It has taken early bets in Indian startups like neo-banking platfo...
|
|
|
|
Financial Services
|
|
The rupee closed at 84.25 against the U.S. dollar, up 0.4% on the day. The currency had touched a peak of 84.1275 in early trading but trimmed gains i...
|
|
|
|
|
|
Policy
|
|
The benign inflationary patterns suggest an aggressive rate cut trajectory by the Reserve Bank of India, with key policy rate likely to breach the 'Ne...
|
|
|
| | | | |
