| ETBFSI Newsletter | Wednesday, January 22, 2025 |
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Daily Newsletter
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Top Stories
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While Mudra loans continue to support entrepreneurship, especially among women and lower-income segments, the broader retail lending market is grappli...
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The primary factors driving the global rise in bond yields include persistent inflation, wage growth in advanced economies, increased bond issuance to...
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The company's management expects contribution margins, excluding UPI incentives, to remain in the 50-55% range, with potential for improvement to 55-6...
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Banking
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Potential buyers such as Fairfax Financial, Emirates NBD, Oaktree Capital, and Kotak Mahindra Bank have begun due diligence on IDBI Bank with access t...
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The market borrowings mostly comprise tier-II bonds, infrastructure bonds and green bonds among others and were the highest in 6 months. This trend co...
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Net Interest Income (NII) during the quarter rose by 20 per cent Rs 2,378 crore as against Rs 1,988 crore for the same period of the preceding year.
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South Indian Bank on Tuesday reported a 12 per cent increase in its December quarter net profit to Rs 341.87 crore. The lender had reported a net prof...
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Jana Small Finance Bank plans to apply for a universal banking license next fiscal year. The bank has maintained a net non-performing assets ratio bel...
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The total income during the nine month period ending December 31, 2024 stood at Rs 8,482.33 crore, from Rs 7,049.21 crore registered in the same perio...
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The Indian Banks' Association is seeking a new CEO following the retirement of Sunil Mehta in September 2024. A three-member search committee has been...
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India's major banks plan to request RBI Governor Sanjay Malhotra to delay implementing new liquidity regulations set for April 1, arguing these could ...
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The board also approved the proposal for the sale of IDBI Bank's entire holding of 8,54,000 having face value of Rs 100 per share constituting 21.14 p...
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Insurance
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ICICI-PRUDENTIAL-India's ICICI Prudential Life Q3 profit jumps on new policy sales
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Moody's Ratings expects significant foreign direct investment in the insurance sector if the government increases the FDI limit to 100% from 74%. Thi...
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NBFC
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The Reserve Bank of India canceled the registration of X10 Financial Services Ltd, an NBFC, due to irregularities in its digital lending operations. T...
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PNB Housing Finance on Tuesday reported a 43 per cent jump in net profit to Rs 483 crore for the December quarter. The non-banking finance company, pr...
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Shares of L&T Finance (LTF) fell 3% to Rs 140.40 after the company reported a 2% YoY decline in Q3 PAT to Rs 626 crore. Despite this, its retail book ...
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The city-headquartered company expects the Chennai zone to register disbursements in the Emerging Business segment of around Rs 50 crore over th...
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Fintech
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Navi Technologies, cofounded by Flipkart's Sachin Bansal, was defrauded of Rs 14.26 crore. Scammers exploited a system bug, using a third-party paymen...
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Skydo Technologies Private Limited has received in-principle authorization from the Reserve Bank of India (RBI) to operate as a Payment Aggregator-Cro...
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Policy
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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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Industry
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In November 2024, outward remittances from India dropped by approximately 19% month-on-month, primarily driven by a decline in investments in equity/d...
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Stricter norms and selective sectoral investments should aim to balance growth with national security, as India navigates its "China-plus-one" strateg...
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Deloitte India projects India's GDP growth at 6.5-6.8 per cent for the current fiscal, highlighting the need to adapt to global challenges and exploit...
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