| ETBFSI Newsletter | Wednesday, February 5, 2025 |
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Daily Newsletter
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Top Stories
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The Reserve Bank of India (RBI) will begin its bi-monthly Monetary Policy Committee meeting, the first led by new Governor Sanjay Malhotra. With three...
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Analysts are optimistic about the potential merger of Aditya Birla Finance (ABFL) with Aditya Birla Capital, expected to be completed by March 2025, w...
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Many banks in India are already tied up in joint ventures (JVs) with existing insurers, and foreign players may face difficulty in restructuring these...
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This change is expected to facilitate broader participation and attract a larger pool of bidders, which may enhance the competition and outcomes of li...
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Banking
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Banks are focusing on medium-term deposit mobilization to comply with new liquidity coverage ratio rules and improve asset-liability management. Non-c...
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Bandhan Bank is putting more emphasis on monitoring asset quality, reinforcing credit administration, fostering innovation, and enhancing digital serv...
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Ashu Khullar, Citi's India chief, is appointed as the global co-head of GAM, based in London, and will oversee EMEA and Asia. K Balasubramanian will ...
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This announcement follows their Q3 results, which reported a 64% decline in net profits. Additionally, they received foreign exchange services approva...
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Insurance
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Life Insurance Corporation of India (LIC) faces a demand notice for Rs 101.95 crore from tax authorities over short payments of GST for five financial...
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Moody's Ratings highlights the potential boost in the Indian insurance sector from an increase in foreign investment limit to 100% and personal tax cu...
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LIC stake: LIC's stake in Indian equities dropped to an all-time low of 3.51% in Q3 FY25 due to profit booking. While LIC increased holdings in 71 com...
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NBFC
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Muthoot FinCorp launched its Tranche IV NCD issue, aiming to raise â¹400 crore with yields from 9.38% to 10.10%. The secured offering, rated CRISIL A...
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Bajaj Finserv is negotiating with Allianz SE to assume full control of their life and general insurance ventures. Chairman Sanjiv Bajaj emphasizes the...
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The Union Budget 2025 introduces the second tranche of the SWAMIH Fund, injecting Rs 15,000 crore to complete 1 lakh dwelling units in stressed housin...
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Fintech
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Revenue from operations rose 18 per cent year-on-year to Rs 1,070 crore in Q3 FY25 from Rs 907 crore in the year-ago period.
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Policy
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In a written reply to the Lok Sabha, Sitharaman said there has been no "devaluation" of the Indian Rupee (INR), which is a feature of a fixed excha...
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The Reserve Bank of India is expected to cut interest rates for the first time in nearly five years to stimulate economic growth. Most respondents in ...
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The government has implemented measures to reduce the fiscal deficit and presented a non-inflationary Budget. Finance Secretary Tuhin Kanta Pandey emp...
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Budget 2025 reaffirms its commitment to farmers, youth, women, and the underprivileged while ensuring policy continuity and reform-driven growth. Addi...
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The Reserve Bank of India (RBI) may use the cash reserve ratio (CRR) for regulatory intervention instead of liquidity management. The report by SBI su...
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Industry
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State Bank of India's report predicts that retail inflation in India will decline to 4.5% by the last quarter of FY25, with an average for the year at...
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India's Union Budget aligns with the expectations of steady fiscal consolidation, reinforcing a positive outlook on the country's sovereign credit rat...
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