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Axis Bank sees sluggish loan growth in Q3FY25 | MobiKwik Co-founder on FinTech IPOs | State of the Economy: Dec '24
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ETBFSI Newsletter | Saturday, January 18, 2025

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Looking ahead, Axis Bank's strategy to temper unsecured retail lending growth is likely to moderate leverage and return ratios in the near term.
What challenges do Indian FinTechs face when transitioning to public markets? With already very few of such entities listed, MobiKwik's Co-founder & ...
Currently the fifth-largest economy, India displayed mixed economic trends in December 2024: Inflation reached a four-month low, the trade deficit nar...
 
Banking
HSBC India has gained RBI's approval to open 20 new branches in key cities to cater to affluent, high net worth, and ultra-high net worth clients. Thi...
This news follows him stepping down as the ED of PNB, he will be succeeding Shanti Lal Jain at Indian bank, who retired from the public sector bank on...
Bank of Baroda raised Rs. 5,000 crore through long-term 10-year infrastructure bonds at an interest rate of 7.23%. They received Rs. 14,830 crore in c...
Chandra took charge on Thursday, succeeding Atul Kumar Goel, who had been PNB's MD and CEO since February 2022.
Axis Bank in its Q3 FY25 earnings call said that repricing from a potential rate cut will first impact the asset side first due to external benchmark-...
High-street banks are considering approaching Supreme Court following a ruling that bars lending against properties without completion and occupancy c...
 
Insurance
During the quarter, net premium income improved to Rs 24,828 crore as against Rs 22,316 crore in the same quarter a year ago.
ICICI Lombard reported a 68% increase in net profit to Rs 724 crore for Q3 ended December 2024, compared to Rs 431 crore in the same period last year....
 
NBFC
NCLAT has reinstated IL&FS Financial Service's Rs 593 crore claims and voting rights in the insolvency process of Attivo Economic Zones, a Srei Infras...
This issuance marks IIFL's return to the international bond markets following its debut in February 2020. This news follows after RBI's decision to li...
The Reserve Bank of India is considering Tata Sons' request to de-register from the list of core investment companies under NBFC-UL norms. Tata Sons, ...
 
Fintech
The initiative, which is a collaboration with Reserve Bank Innovation Hub and S.P. Jain Institute of Management and Research aims to empower fintech ...
UPI has 450 million users, with approximately 200 million active daily users, according to the Managing Director and CEO of the National Payments Corp...
Through its partnership with Piramal Finance, MobiKwik users across India will now have the ability to apply for and easily access personal loans thro...
 
Financial Services
The depreciating rupee will elevate India's import bill due to higher costs for vital commodities and machinery. Despite conventional wisdom suggestin...
 
Policy
India's disinflationary trend is expected to continue, offering limited room for monetary policy easing, according to the RBI's January 2025 bulleti...
 
Industry
India's foreign exchange reserves decreased by $8.714 billion to $625.87 billion for the week ending January 10, 2025, according to data from the Rese...
The buzz surrounding Coldplay's concerts in Mumbai and Ahmedabad, marking their second visit to India, is unmatched. Tickets sold out within minutes,...