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ETBFSI Newsletter | Saturday, December 21, 2024

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Overall, 85% of the DDoS attacks in Indian cyberspace target the financial sector, while the remaining 15% target government agencies.
The proposed legislation, titled the Banning of Unregulated Lending Activities (BULA), seeks to regulate both digital and non-digital lending, specifi...
India's economy in November 2024 displayed varied trends, with GST collections, exports, and IIP showing strong performance, but on the other, the cou...
 
Banking
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...
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...
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...
YES BANK and FICCI FLO launched YES PowherUp, a program designed to empower women entrepreneurs in India. The initiative aims to address the challenge...
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...
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...
This is the fourth extension of the nearly 15-year partnership between TCS and Bank of Baroda, which serves approximately 165 million customers across...
"The next phase of growth will stem from government-backed digital platforms, not physical industries," said Abhijit Singh of HDFC Bank in a trialogue...
The report highlights a 63% increase in renewable energy financing, totaling INR 30,255 crore (USD 3.66 billion), but also reveals significant corpora...
Enhancing the availability of housing loans will also involve simplifying the application process by streamlining documentation and offering pre-appro...
 
Insurance
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...
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 ...
In Lok Sabha, Member of Parliament Asaduddin Owaisi inquired whether the government had received any representations from pensioners under the Employe...
The customer today wants the best experience, the most convenient, the fastest and the most transparent and their benchmarks are across Industry. So I...
 
NBFC
SHRIRAM-FINANCE-GREEN-FINANCE-India's Shriram Finance targets 50 billion-rupee AUM from green finance business
InCred Finance, the consumer and MSME lending arm of the InCred Group, has announced the appointment of Gaurav Maheshwari as Chief Financial Officer (...
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...
 
Fintech
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...
Paytm has launched its first insurance product, a COVID-19 insurance plan, in partnership with Reliance General Insurance. The plan offers coverage up...
 
Financial Services
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.
Foreign institutional investors (FIIs) continue to be net buyers in Indian stocks this month, favoring financials and IT. However, oil and gas, auto, ...