| ETBFSI Newsletter | Tuesday, August 12, 2025 |
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Daily Newsletter
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Top Stories
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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...
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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...
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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...
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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...
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Banking
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State Bank of India has ceased processing trade and foreign currency transactions for Nayara Energy due to potential US sanctions following recent tar...
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Lenders are contemplating waiving administrative charges to provide immediate relief to small and medium enterprises impacted by steep US tariffs on I...
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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...
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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...
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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...
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A civil society group has urged the Finance Ministry to intervene in ICICI Bank's decision to increase minimum average balance (MAB) requirements for ...
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Insurance
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LIC's new chief aims to boost profitability through diversified products, particularly non-PAR plans, targeting 40% of APE. R Doraiswamy plans to incr...
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NBFC
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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...
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Financial Services
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INDIA-MUTUAL FUND/Indian equity MF inflows soar to record high in July
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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...
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Gold prices may rise next week. Macroeconomic uncertainty and tariff disputes support investor interest. Traders will watch UK, EU, and US economic da...
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SoftBank is reportedly preparing to list its Japanese payments app operator, PayPay, in the United States, potentially raising over $2 billion. Goldma...
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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 ...
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Policy
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In the midst of ongoing discussions surrounding minimum balance policies, the RBI has reiterated its hands-off approach, allowing banks to set their o...
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Industry
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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...
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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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