| ETBFSI Newsletter | Thursday, July 3, 2025 |
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Daily Newsletter
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Top Stories
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Kini, a co-founder of Setu, a Bengaluru-based API FinTech, was also part of the core IndiaStack team, where he focussed on product innovation and poli...
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IRDAI Member (Life) Swaminathan Iyer says, "We'll aim for the sky" on whether the 'Insurance for All by 2047 is achievable. Adding to that 'Insurance ...
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The surge in activity is being driven primarily by strategic buyers focusing on mid-tier fintech companies those generating up to £100 million in...
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The spread between lending and deposit rates for scheduled commercial banks (SCBs) widened slightly in May 2025, even as credit growth moderated and s...
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Banks have been slow to revise lending rates for NBFCs, as most such loans are still pegged to the marginal cost of funds-based lending rate (MCLR), w...
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Banking
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Indian bank lending remains cautious despite policy rate cuts. Lending growth slowed to 9.6% from 19.1% last year. Corporate, home, and NBFC loans are...
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The State Bank of India (SBI) has decided to report the loan account of Reliance Communications as "fraud" in a case that dates back to August 2016.
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In a bid to deepen governance, accelerate digital transformation, and scale its national footprint, AU Small Finance Bank has announced nine key lead...
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India contributed around 6.7 per cent to the global economy's incremental growth in FY25 and State bank of India (SBI) alone accounts for 1.1% of the ...
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Insurance
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According to Iyer, despite life insurance being top-of-mind for consumers, social and cultural biases hinder proactive financial planning, resulting i...
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Life insurance companies in India are set to invest â¹450 crore in a three-year multimedia campaign, 'Sabse Pehle Life Insurance', to combat declinin...
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Insurance CEOs at the event on launch of insurance awareness campaign said that addressing mis-selling is a collective industry responsibility, and bo...
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Medi Assist Insurance TPA has finalized its acquisition of Paramount Health Services & Insurance TPA, bringing an additional Rs 4,000 crore in health ...
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NBFC
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HDFC Bank's CEO, Sashidhar Jagdishan, affirmed continued support for HDB Financial Services post its Rs 12,500-crore IPO, which he termed a historic e...
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Fintech
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Mashreq, a UAE-based lender, is set to establish an International Financial Services Centre Banking Unit in Gujarat International Finance Tec-City. It...
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Bharat Interface for Money (BHIM), the govt's UPI-based payment app, has seen a resurgence, nearly doubling its monthly transactions to 70 million in ...
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This follows the exit of Marc Mathenz, the merchant payments company's Singapore-based CFO, who resigned in June, just before it filed the draft pros...
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Policy
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The data is collected from various sources, including reporting on the Indian Cyber Crime Coordination Centre (I4C's) National Cybercrime Reporting Po...
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The RBI has directed banks and lenders to waive pre-payment charges on floating-rate loans for individuals and MSEs, including business loans, effecti...
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The US Federal Reserve is unlikely to resume its easing cycle before September 2025, according to a report by Bank of Baroda.
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An internal Reserve Bank of India committee is likely to recommend maintaining the current inflation target of 4%, with a 2%-6% tolerance band, in the...
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Industry
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On the positive side, India's manufacturing activity strengthened and petrol consumption increased at a fast clip.
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India has made a promising start to the financial year 2025-26 (FY26), as both fiscal consolidation and capital expenditure (capex) are moving forward...
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India's GDP growth is projected at 6.3 per cent in current fisc |
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