| ETBFSI Newsletter | Thursday, April 3, 2025 |
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Daily Newsletter
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Top Stories
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Bank credit growth in India is likely to grow 12-13% in FY26, with improvement across loan segments, according to rating agencies.
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While the fee hike helps banks recover rising operational costs, it does not benefit all banks equally.
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Using an external payment orchestrator comes with additional costs, including processing fees and service charges. By integrating directly with mercha...
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This policy change introduces a baseline 10% tariff on all imports into the United States, with additional "discounted reciprocal tariffs" targeting s...
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While credit card penetration is expected to expand in the long run, analysts believe near-term asset quality challenges will continue to restrain agg...
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Banking
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Punjab National Bank recorded a credit growth of 13.6%, reaching Rs 11.17 lakh crore in the March quarter, alongside a 14.3% increase in deposits. Cen...
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South Indian Bank experienced a 10% increase in gross advances, reaching Rs 88,447 crore by the end of FY25, while deposits grew at a slower rate of 5...
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Deposit growth for South Indian Bank, Central Bank of India, and Punjab & Sind Bank ranged from 5.5% to 8.7% year-on-year in the March quarter, while ...
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Banks and NBFCs like HDFC Bank, Yes Bank, and Bajaj Finance have started cutting deposit rates, signaling a downward trend in interest rates. The Rese...
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From a technical point of view, the integration between the CPAO, GoI and IDFC FIRST Bank is complete and is ready for such pension disbursements, IDF...
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NBFC
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Trilegal advised Muthoot Finance Limited on the issuance of senior secured notes worth $250 million, due in 2029. This drawdown is part of MFL's $2 bi...
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Fintech
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UPI transaction volumes surged 42% YoY in H2 2024 to 93.23 billion, crossing INR 210 trillion in value. QR code deployments jumped 126% to 633.44 mill...
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On Wednesday, the National Payments Corporation of India (NPCI) announced The selection of Sohini Rajola as 'Executive Director - Growth'.
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Policy
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The government has appointed Poonam Gupta as RBI Deputy Governor for three years, who arrives after the vacancy left by MD Patra's departure in Januar...
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PFRDA has appointed Sivasubramanian Ramann as Chairperson for a five-year term. A seasoned financial expert, he has held key roles at SIDBI, NeSL, SEB...
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Industry
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On April 2, 2025, President Donald Trump signed a historic executive order for reciprocal tariffs, marking a significant shift in U.S. trade policy. T...
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President Trump imposed a 26% tariff on Indian imports, one of the highest on major US trading partners. This follows his criticism of India's tariff...
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Commenting on the US Trade Representative's (USTR) National Trade Estimate (NTE) Report 2025, the Global Trade Research Initiative (GTRI) said that ma...
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Robust services exports and the inflow of healthy remittances from Indians working overseas will help keep India's current account deficit (CAD) in th...
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Venture debt refers to a variety of debt financing products applicable specifically to private equity and venture capital-backed companies. These are ...
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India's manufacturing sector ended the fiscal year on a high, with PMI soaring to an 8-month peak of 58.1 in March 2025, driven by surging new orders...
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India saw a robust deal-making activity in the first quarter of 2025 (January-March period) -- reaching a three-year high worth $27.5 billion which is...
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