| ETBFSI Newsletter | Thursday, April 24, 2025 |
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Daily Newsletter
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Top Stories
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Even as slippages in unsecured portfolios remained high, the bank expects a gradual recovery. Measures such as tightened credit policy, daily transact...
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Through its draft Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2025, and accompanying draft directions, the RBI ...
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The strong performance is attributed to insurers' push to attract first-time buyers by promoting comprehensive financial protection products.
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The MPC minutes showed broad agreement among members on the need to bolster growth in the face of intensifying tariff-related and global headwinds. In...
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Banking
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Moody's anticipates a limited impact on Indian banks from US tariff moves due to diversified exports. While the outlook remains stable, a moderate det...
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Bank of Baroda has unveiled its ESG policy, committing to achieve net-zero emissions by 2057, reinforcing its dedication to sustainable banking. Prior...
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NABARD has made its first-ever investment in a bootstrapped startup, acquiring a 10% stake in 24x7 Moneyworks Consulting Pvt. Ltd. The partnership aim...
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Retail credit in India has witnessed significant growth over the last ten years, from 9 per cent of GDP in 2013-14 to 18 per cent in 2024-2025, while ...
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NRI deposits in Indian banks surged by 23.3% to $14.55 billion between April 2024 and February 2025, according to RBI data. FCNR(B) accounts led the i...
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Insurance
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Life insurers witnessed a 5.1% increase in new business premium collection, reaching Rs 3.97 lakh crore in FY25. Individual new business premiums rose...
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The Indian insurer reported a Profit After Tax (PAT) of INR 509 crores in Q4, marking a 112% year-on-year increase and 70% higher growth than the indu...
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PFRDA has introduced new directives for NPS subscribers who renounce Indian citizenship without obtaining an OCI card. These individuals must promptly...
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The National Pension System (NPS) has achieved significant growth of private sector subscriber enrolment of over 12 lakh during 2024-25, taking total ...
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NBFC
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The fundraise comes as Hero FinCorp's planned â¹3,668 crore IPO faces delays in receiving regulatory approvals, slowing its capital raising plans. "T...
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Spandana Sphoorty Financial's MD, Shalabh Saxena, has resigned to explore new career paths, prompting the appointment of Ashish Kumar Damani as interi...
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BHFL-RESULTS/India's Bajaj Housing Finance posts bigger quarterly profit on home loan demand
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Non-bank lender Mahindra Finance on Tuesday reported a 9 per cent decline in standalone profit to Rs 563 crore in the March quarter. The Mahindra Grou...
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Government-owned Power Finance Corporation Ltd (PFC) has filed a complaint with the Delhi police against Jaggi brothers-promoted Gensol Engineering Lt...
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Financial Services
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UK-INDIA-MARKETS-Rupee logs worst day in 2 weeks on dollar strength, position unwinding
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Goldman Sachs has shifted its outlook on the Indian banking sector from cautious to optimistic, anticipating improved profitability driven by peaking ...
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We see that outflows from the US and they have to go somewhere in the rest of the world and if you are a market that is largely domestically oriented,...
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Industry
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In India, growth in FY24/25 disappointed because of slower growth in private investment and public capital expenditures that did not meet government t...
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In the month of February, outward remittances saw a 29% fall of nearly USD 1.9 billion, driven by unease around US immigration laws and reduced travel...
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