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India-Singapore UPI-PayNow link goes live | PSBs hiring 48,750 employees | Bajaj Finance succession planning in spotlight
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ETBFSI Newsletter | Wednesday, July 23, 2025

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Originally set to go live in 2022, the India-Singapore UPI-PayNow link is now fully operational, enabling real-time cross-border remittances, merchant...
Why has investor interest in credit-led fintechs faded? Where is the next wave of fintech capital going? And why should large fundraises no longer be ...
The recruitment drive follows the addition of 1.49 lakh employees over the past five years, the government told Rajya Sabha, reflecting sustained focu...
While the leadership vacuum is resolved for now, BAF's board will need to revisit its long-term management strategy, especially as the company prepar...
In FY25, SBI led the pack with write-offs totalling Rs 20,309 crore, bringing its five-year total to Rs 1.14 lakh crore. Canara Bank wrote off Rs 14,3...
 
Banking
State-run banks plan to disinvest in their insurance subsidiaries. This follows the Centre's approval of 100% foreign investment in the insurance sect...
The Appellate Tribunal has reversed a decision regarding the Chanda Kochhar case. It has permitted the seizure of properties linked to Chanda Kochhar,...
Private banks recorded a sharper fall, primarily because they have a higher share of loans priced on the external benchmark linked rate (EBLR) in thei...
Analysts believe ICICI Bank's strategic clarity, risk controls, and capital strengthalong with expected return ratios of 2% RoA and 15% RoEmake...
MoS Pankaj Chaudhary shared the RBI data, citing policy reforms, DRT amendments, and the early resolution framework as key reasons for the decline in ...
 
NBFC
The credit provided by Non-Banking Financial Companies (NBFCs) in India has seen a sharp rise over the years, with NBFC credit to GDP increasing to 26...
Raise Financial Services, parent of trading platform Dhan, has appointed Amit Gupta as Group CFO to lead its next phase of growth. Gupta brings over 2...
India's corporate bond market is experiencing significant growth, largely fueled by NBFCs due to their reliance on capital markets for funding. Banks,...
The company has built strong partnerships with multilateral agencies, issued green bonds, and promoted refinancing structures to ensure the flow of sc...
The Microfinance industry of India is playing a significant role in driving financial inclusion by empowering underserved segments across India, said ...
 
Fintech
Paytm allocated ₹4,300 crore from its IPO to strengthen its ecosystem, focusing on user acquisition, merchant partnerships, and its payments platfor...
 
Financial Services
Indian government bonds remained stable. Traders avoided major new investments before the upcoming monetary policy review. Banking system liquidity ti...
 
Policy
"Index for the year ending March 2025 has since been compiled. The value of FI-Index for March 2025 stands at 67 vis-a-vis 64.2 in March 2024, with gr...
The government has strengthened its engagement with global rating agencies through a structured interactive process, during which the overall macroeco...
 
Industry
Global current account balances widened sharply in 2024, reversing a narrowing under way since the global financial crisis of 2008-2009, the Internati...
Piyush Goyal posted a notable recognition of grassroots entrepreneurship on the social media platform 'X'. The Ministry hosted the One District One Pr...