| ETBFSI Newsletter | Tuesday, January 21, 2025 |
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Daily Newsletter
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Top Stories
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The bank aims to achieve an RoA of over 2%, contingent on the lifting of the card issuance embargo, which would enable a renewed focus on customer acq...
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The management remains optimistic about further strengthening margins in 4QFY25, supported by a balanced product mix and rising traction in credit lif...
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Despite near-term economic headwinds potentially impacting sanctions, both entities are expected to maintain robust loan growth, with REC projected to...
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India's personal loan market slows, with 13.8 per cent YoY growth in H1 of FY25. NBFCs dominate with 68.7 per cent share of active loans, while public...
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Banking
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The five branches, staffed entirely by women, will focus on addressing the unique banking needs of female customers. Three branches have opened in Odi...
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Indian Overseas Bank reported a 21% YoY rise in Q3 net profit to â¹875.27 crore, driven by a 16% growth in net interest income and improved asset qua...
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With regard to the bank's proposed acquisition of stakes of Future Enterprises Ltd (FEL) in Future Genarali India Insurance Company Ltd (FGIICL) and F...
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Insurance
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SBI General Insurance's nine-month PAT surged 273% YoY to â¹504 crore, driven by strong motor and health segment growth, improved loss ratios, and a ...
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India's insurance industry is set for continued growth due to economic expansion and rising health insurance demand. Premiums are increasing, driven b...
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NBFC
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Bharti Airtel and Bajaj Finance partner to create a digital financial services platform, the partnership combines Airtel's distribution network with B...
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iSPIRT with UGRO Capital has announced the launch of the Priority Sector Lenders Association of India (PSLAI), a Section 8 company aimed at addressing...
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Fintech
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The Delhi High Court appoints former Supreme Court judge A K Sikri as a mediator to resolve a dispute between On4Off Trading and the National Payments...
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While the payments app reported a sharp fall in revenue year-on-year, it controlled costs in the December quarter which helped it check its overall lo...
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Financial Services
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Indian rupee is likely to see a strong recovery once current market uncertainties settle down said a report by the State Bank of India (SBI).
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Policy
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RBI appoints a five-member panel for a three-year term to evaluate banking license applications Universal Banks and Small Finance Banks (SFBs), chaire...
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RBI's forex reserves adequacy ratio stands strong at 236 percent, ensuring a stable rupee despite global currency pressures. With current reserves sig...
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The RBI has revised the guidelines for asset reconstruction companies (ARCs), allowing them to settle dues with borrowers after evaluating recovery po...
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Industry
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India Budget: The Union Budget for FY26 will likely aim to strengthen trade relations with the USA, with a focus on reducing tariffs on US imports. Th...
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