| ETBFSI Newsletter | Saturday, June 28, 2025 |
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Daily Newsletter
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Top Stories
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The new norms require acquiring banks to conduct rigorous due diligence of AePS touchpoint operatorssuch as Business Correspondents (BCs) and Bank ...
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The proposed hike is expected to average around 18%, with a sharper increase of 2025% likely for at least one high-risk vehicle category, particula...
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SBI and HDFC Bank continued to dominate the debit cards and credit cards market shares respectively, in May 2025. In terms of Year-on-Year growth, in ...
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Banking
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India's workforce is large, but investment is lacking. Private sector expansion is low. Banks are less exposed to key industries. The Reserve Bank of ...
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Private sector ICICI Bank on Friday said its board has approved additional 2 per cent increase stake in its asset management arm ICICI Prudential Asse...
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Finance Minister Nirmala Sitharaman urged public sector banks to leverage the RBI's 50 bps rate cut to boost lending to productive sectors, aiming to ...
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Deposit mobilisation by banks saw a rise of 10.4% year-on-year till June 13. This growth surpassed the credit expansion of 9.6%. Consequently, the cre...
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Major Bank and Insurance Unions to Strike Nationwide. Key Demands Include Halting Privatisation, Opposing FDI Hike, and Restoring OPS. Originally sche...
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PhonePe and HDFC Bank announced the launch of co-branded credit card, marking the digital payments and financial services company's foray into the co-...
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While the Reserve Bank of India (RBI) has listed 7 festive bank holidays for the upcoming month, most states will see none. There will be a total of 1...
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The move, announced on MSME Day, aims to improve credit flexibility for UDYAM-registered businesses and enables them to reallocate funds toward critic...
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In May 2025, outstanding loans across scheduled banks grew by 9 per cent year-on-year, stable at Rs 182.8 trillion as April. Deposits climbed by 10 pe...
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Insurance
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Life insurance companies are seeking regulatory approval from Irdai to invest a portion of their ULIP assets in gold ETFs, driven by rising gold price...
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NBFC
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Aditya Birla Capital Digital app faced a security breach. Hackers targeted their mobile application, ABCD. They stole digital gold worth approximately...
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Non-bank financial institutions are poised to accelerate their IPO plans, driven by favorable regulatory changes, reduced interest rates, and improvin...
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Fintech
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Noida-based Pine Labs has filed its DRHP with Sebi to raise Rs 2,600 crore, aiming for a $4-5 billion valuation. The fintech firm, backed by global in...
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Financial Services
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In the month of April outward remittances saw a 4 per cent decline to USD 2.4 billion from USD 2.5 billion in March, with 51 per cent expenses account...
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President Droupadi Murmu launched an online portal for resolving payment delays to MSMEs. This initiative aims to expedite case hearings and decisions...
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The Indian financial services sector emerged as the top-performing space in the first half of 2025, as the Nifty Financial Services Index rose nearly ...
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Union Finance Minister Nirmala Sitharaman reviewed GIFT City's IFSC, emphasizing alignment with India's financial goals and global competitiveness. Di...
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Industry
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India requires substantial green financing. A report estimates a need for $1.3 trillion by 2030. Private sources are expected to contribute significan...
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