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ETBFSI Newsletter | Tuesday, August 12, 2025

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Country's second-largest public sector lender is ramping up cyber defences with a Rs 400-crore budget. We've cut cyber fraud resolution from four...
NUCFDC nears SRO status for co-operative banks, achieving most of its fund-raising target. It's launching services like risk-based internal audit soft...
UPI hit a record 19.46 billion transactions worth Rs 25.08 trillion in July, driven by everyday spending on groceries, restaurants, fuel, and utilitie...
While slippages rose to around Rs 84 billion in Q1 due to seasonal agricultural stress, recoveries have already offset part of the impact. SBI managem...
 
Banking
State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tar...
Lenders are contemplating waiving administrative charges to provide immediate relief to small and medium enterprises impacted by steep US tariffs on I...
The employee attrition rate at the country's second-largest private sector bank declined to 18 per cent in FY25 from 24.5 per cent in FY24, accordi...
India detected 2.17 lakh fake currency notes in FY25. This is slightly less than the 2.23 lakh notes found the previous year. Most counterfeit notes w...
ICICI's move is a bold bet on higher profitability and a richer customer base, but it risks alienating the mass market. Whether it sets a new industr...
A civil society group has urged the Finance Ministry to intervene in ICICI Bank's decision to increase minimum average balance (MAB) requirements for ...
 
Insurance
LIC's new chief aims to boost profitability through diversified products, particularly non-PAR plans, targeting 40% of APE. R Doraiswamy plans to incr...
 
NBFC
The module includes two core features -- tax planner and tax filing, it said, adding that the tax filing feature is designed to address common challen...
 
Financial Services
INDIA-MUTUAL FUND/Indian equity MF inflows soar to record high in July
The company claims it to be a first-of-its-kind AI research desk designed to empower Indian retail investors with credible, relevant, accurate, and re...
Gold prices may rise next week. Macroeconomic uncertainty and tariff disputes support investor interest. Traders will watch UK, EU, and US economic da...
SoftBank is reportedly preparing to list its Japanese payments app operator, PayPay, in the United States, potentially raising over $2 billion. Goldma...
Indian government bonds traded narrowly as traders awaited state debt auction results and inflation readings from India and the U.S. The 10-year bond ...
 
Policy
In the midst of ongoing discussions surrounding minimum balance policies, the RBI has reiterated its hands-off approach, allowing banks to set their o...
 
Industry
Finance Minister Nirmala Sitharaman on Monday introduced a new Income Tax Bill in Lok Sabha to consolidate and amend the law relating to income tax, t...
The government's financial inclusion schemes -- from Pradhan Mantri Jan Dhan Yojana (PMJDY) to MUDRA and the quintessential UPI-based digital payments...
 
 
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