ETBFSI Newsletter | Saturday, December 21, 2024 |
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Daily Newsletter
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Top Stories
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Overall, 85% of the DDoS attacks in Indian cyberspace target the financial sector, while the remaining 15% target government agencies.
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The proposed legislation, titled the Banning of Unregulated Lending Activities (BULA), seeks to regulate both digital and non-digital lending, specifi...
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India's economy in November 2024 displayed varied trends, with GST collections, exports, and IIP showing strong performance, but on the other, the cou...
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Banking
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The World Bank approved a Rs 6700 crore loan for Amaravati's capital city development, following ADB's similar approval last week. The project, reviv...
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Unlike its peers, Tech Mahindra has relied heavily on telecom clients to boost revenue. That will change as Joshi tries to take advantage of his own e...
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Tata Power Renewable Energy Limited (TPREL), a subsidiary of the Tata Group, on Friday said it has joined Canara Bank to promote the adoption of rooft...
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YES BANK and FICCI FLO launched YES PowherUp, a program designed to empower women entrepreneurs in India. The initiative aims to address the challenge...
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India Post Payments Bank (IPPB) opened 2.68 crore accounts in 2024 (till November), with 1.56 crore or 59 per cent being owned by women and 77 per cen...
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A fixed deposit is one of the most popular investment options in India. The banks that have revised rates include Federal Bank, Karnataka Bank, Equita...
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This is the fourth extension of the nearly 15-year partnership between TCS and Bank of Baroda, which serves approximately 165 million customers across...
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"The next phase of growth will stem from government-backed digital platforms, not physical industries," said Abhijit Singh of HDFC Bank in a trialogue...
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The report highlights a 63% increase in renewable energy financing, totaling INR 30,255 crore (USD 3.66 billion), but also reveals significant corpora...
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Enhancing the availability of housing loans will also involve simplifying the application process by streamlining documentation and offering pre-appro...
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Insurance
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The Securities and Exchange Board of India (SEBI) has granted an additional three years of time to the Life Insurance Corporation of India (LIC) to ac...
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In the GST regime, compensation cess at varied rates is levied on luxury, sin and demerit goods over and above the 28 per cent tax. The proceeds from ...
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In Lok Sabha, Member of Parliament Asaduddin Owaisi inquired whether the government had received any representations from pensioners under the Employe...
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The customer today wants the best experience, the most convenient, the fastest and the most transparent and their benchmarks are across Industry. So I...
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NBFC
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SHRIRAM-FINANCE-GREEN-FINANCE-India's Shriram Finance targets 50 billion-rupee AUM from green finance business
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InCred Finance, the consumer and MSME lending arm of the InCred Group, has announced the appointment of Gaurav Maheshwari as Chief Financial Officer (...
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TReDS is an initiative introduced by the RBI and backed by the MSME Ministry. It serves as an electronic platform facilitating the financing and disco...
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Fintech
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India's fintech industry is projected to add over 300,000 jobs by year-end, driven by a surge in digital payments and the growth of open banking. UPI...
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Paytm has launched its first insurance product, a COVID-19 insurance plan, in partnership with Reliance General Insurance. The plan offers coverage up...
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Financial Services
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.03 per cent at 108.43.
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Foreign institutional investors (FIIs) continue to be net buyers in Indian stocks this month, favoring financials and IT. However, oil and gas, auto, ...
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