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Banking


BANKS SHOULD COLLABORATE WITH TECHNOLOGY AS BACKBONE: BANKING LEADERS

Banks need to collaborate with technology as backbone with various people in the
ecosystem in order to bring the best products for their customers and ensure
that they are leveraging what they have, leaders believe.


LATEST NEWS

 * 5h hrs ago South Indian Bank revises FD, savings account interest rates
 * 5h hrs ago Sensex takes a breather after 6-day rally; Nifty below 16,700
 * 5h hrs ago Inflation a drag on ecommerce juggernaut
 * 5h hrs ago More companies giving parents health insurance. Avg sum insured in
   group covers hiked to Rs 5 lakh per family
 * 5h hrs ago China plans to set up real estate fund worth up to $44 bln
 * 5h hrs ago A recession in the United States will also come to India’s tech
   hub
 * 3h hrs ago U.S. economy slowing, but recession not inevitable, Yellen says
 * 3h hrs ago Private equity inflows touch a record $27 billion in H1

View More
Insurance

ASSAM FLOOD REPORTS HUNDREDS OF MOTOR AND HEALTH INSURANCE CLAIMS

After three months of disastrous floods in the state of Assam, the situation has
slightly improved and the insurance claims are being reported in large numbers.
Bajaj Allianz General, ICICI Lombard, have already received around 200 claims
each. The insurance companies have also reduced the paperwork to expedite the
insurance claims.

Financial Services

DANCING TO THE DOLLAR TUNE: FPIS WITH WEAKER HOME CURRENCIES HIT MOST ON D-ST

At Rs 20.3 lakh crore, the Indian equity of FPIs, which have seen a depreciation
in their home currencies against the dollar were almost half of total FPI
holdings.

Banking

BANKS SEEK BIGGER HTM PLAY AS BOND YIELDS SPIKE

Banks petition RBI to increase the limits for held-to-maturity portfolios for
government bonds as well as permission to amortise marked-to-market losses
incurred on bond holdings in the current quarter.

Blog

HOW DOES GEN Z LIKE TO FULFILL ITS BANKING NEEDS?

Gen Z’s needs for innovation and technology-friendly operations has percolated
even their banking philosophy. They are not content with merely being able to
walk into a traditional bank branch in their neighborhood to fulfill their
banking needs. They are now demanding some changes in the traditional bank
operations.

Banking

YES BANK’S BALANCE SHEET RESILIENT TO NAVIGATE INTEREST RATE HIKES: PRASHANT
KUMAR

Yes Bank today said that it has a strong balance sheet to accommodate the rate
hike while announcing its Q1 results. The bank reported a 50 percent Y-o-Y
growth in profits and 1.6% reduction in NPAs since the first quarter of FY2022.

Editor's View

THE DOYENNE ARRIVES

She is also the youngest and India's first President to be born after
Independence much before the US elected Kamala Harris as Vice President, India
saw the rule. There are breathtaking stories of women in the world of politics,
corporate and finance in India.

View More


TOP FEATURED STORIES

Financial Services / 5 days ago


'THERE IS A DISCONNECT BETWEEN EVERYDAY FINANCE AND GREEN FINANCE' CHIEF
SUSTAINABILITY OFFICER, MAS

“We need to look at the brown parts, the heaviest carbon users, the industries
that can be more polluting and work with them and use finance for good and say
if you start to change and move into that direction, we will help finance that
transition to help you be more sustainable and I think that’s the power of
sustainable finance,” Dr McBain told ETBFSI at the Point Zero Forum in Zurich,
Switzerland.

 * Banking
   
   NOT ALL BANK SYSTEMS ARE MEANT TO BE SUPPORTED BY CLOUD: CELINE LE COTONNEC

 * Insurance
   
   AFTER 21 YEARS OF PRIVATISATION AND EXTENSIVE EFFORT, HOW HAS INDIA'S
   INSURANCE SECTOR EVOLVED?

 * Financial Services
   
   HOW ARE GREEN, SOCIAL AND SUSTAINABILITY BONDS FARING IN INDIA?

 * NBFC
   
   'OPEN TO MORE PARTNERSHIPS, POSSIBLY BE A LENDING-BACKED MARKETPLACE'

View More


BLOG

 * Sanchay Kumar Sinha - Country Head, Liabilities & Branch Banking, South
   Indian Bank
   
   HOW DOES GEN Z LIKE TO FULFILL ITS BANKING NEEDS?

 * Ashok Haldia - Past Secretary, The Institute of Chartered Accountants of
   India
   
   BFIS SHOULD GEAR UP TO FACE CLIMATE CHANGE CHALLENGES

 * Abhay Bhutada - MD, Poonawalla Fincorp Limited
   
   HOW NEW-AGE NBFCS ARE CHANGING THE SMALL BUSINESS LOAN LANDSCAPE IN INDIA

 * Japan Doshi - Head of Product and Technology, Rupeek
   
   FINTECH LEADS THE GOLD RUSH WITH TECH-LED ASSET-BACKED LENDING

 * Ravi Subramanian - MD & CEO, Shriram Housing Finance
   
   SEMI-URBAN/RURAL AFFORDABLE HOUSING OUTPACING URBAN DEMAND

 * Vivek Veda - Co-Founder & CFO, KreditBee
   
   HERE’S WHY DIGITAL LENDERS ARE LEVERAGING NEW-AGE TECHNOLOGY FOR THEIR
   OFFERINGS

View More


FINTECH

Fintech / 5 mins ago


SENSEX TAKES A BREATHER AFTER 6-DAY RALLY; NIFTY BELOW 16,700

Markets across Asia were trading in the red while S&P500 futures were also
suggesting a flat-to-negative start for US stocks later in the day.

 * Fintech / 1 day ago
   
   TOP CRYPTO EXCHANGE BLOCKCHAIN.COM CUTS 25% OF ITS WORKFORCE

 * Fintech / 1 day ago
   
   BITGET AND BCG FORESEE CRYPTO EXCHANGES TO PLAY A KEY ROLE IN ENABLING WEB3
   TRANSFORMATION

 * Fintech / 2 days ago
   
   COINSWITCH ANNOUNCES ZERO-FEE BITCOIN TRADING FOR LIMITED PERIOD

 * Fintech / 2 days ago
   
   FINTECHS SHOULD OPERATE UNDER THE LICENSES GRANTED: RBI GOVERNOR DAS

View More


POLICY

Policy / 22 hrs ago


RBI TO ISSUE A CONSULTATION PAPER ON CLIMATE CHANGE RISKS

"Climate-related risks will be a focus area in times to come" said RBI governor
Shaktokanta Das on Friday in his address at the Bank of Baroda’s annual banking
conference in Mumbai.

 * Policy / 1 day ago
   
   WILL ENSURE INDIA'S ECONOMY HAS A SOFT LANDING, SAYS RBI GOVERNOR SHAKTIKANTA
   DAS

 * Policy / 2 days ago
   
   DIGITAL LENDING ENTITIES SHOULD ONLY CARRY OUT ACTIVITIES FOR WHICH THEY HAVE
   LICENSES, SAYS RBI GUV

 * Policy / 2 days ago
   
   RBI IMPOSES RESTRICTIONS ON FOUR CO-OP BANKS, CAPS WITHDRAWALS

 * Policy / 2 days ago
   
   BALANCED APPROACH NEEDED FOR CLIMATE RISKS: RBI GOV DAS

View More


NBFC



 * IIFL FINANCE APPOINTS GAURAV SHARMA AS CHIEF TECHNOLOGY OFFICER

 * PNB HOUSING UP 8% ON SETTLEMENT WITH SEBI OVER CARLYLE CASE

 * CONFIDENT OF L&T FINANCE ROA TRIPLING TO 3% BY FY26: DINANATH DUBHASHI

 * PIRAMAL, INDUSIND, OAKTREE AND COSMEA MULL BID FOR RELIANCE CAPITAL

 * M&M FINANCE PARTNERS WITH CREDGENICS FOR RETAIL LOAN COLLECTIONS

 * NEARLY 8,000 COMPLAINTS RECEIVED BY RBI AGAINST NBFCS, LENDING APPS IN THE
   LAST ONE YEAR

 * SHRIRAM GROUP'S NON-BANKING FINANCIAL ENTITIES TO GET AMALGAMATED BY DEC
   QTR:MD & CEO YS CHAKRAVARTI

 * WADHAWAN ROUTED ₹115 CR TO JACK UP DHFL SHARES IN '18

 * SECURITISATION VOLUMES SURGES 70% IN Q1 ON INCREASED ECON ACTIVITY

 * DEMAND REVIVAL TO HELP NBFCS POST BEST QUARTER IN TWO YEARS

 * STICKY MICRO LOANS AT RS 32,000 CRORE, BUT PROFITABILITY FOR NBFC-MFIS MAY
   IMPROVE

 * MFIS' GROSS LOAN PORTFOLIO RISES TO RS 2.9 LAKH CRORE AT MARCH-END: REPORT

 * DIGITAL DISRUPTION NEW NORMAL, WORKING ON ‘SHRIRAM ONE’ SUPER APP: REVANKAR
   AND CHAKRAVARTI

 * AROHAN LAUNCHES DIGITAL LENDING APP, EXPECTS TO RAISE LOAN PORTFOLIO BY RS
   600CR BY FY23

 * AROHAN FINANCIAL IN TALKS WITH PES TO RAISE RS 1,900 CR

 * NBFCS, HFCS SECURITISATION VOLUMES ALMOST DOUBLED TO RS 33,000 CRORE IN
   APRIL-JUNE: REPORT

 * NBFC-HFCS TO HAVE HEALTHY DISBURSEMENT MOMENTUM, STEADY QUARTER : REPORT

 * CSC, ADANI CAPITAL IN PACT TO OFFER WORKING CAPITAL TO 6K SELLERS

 * NIIF TO BRING NEW INVESTORS ON DEBT PLATFORM

 * CO-LENDING EASING CAPITAL ISSUES FOR NBFCS: GODREJ CAPITAL

View More


MORE FROM ETBFSI

 * Banking / 5h hrs ago
   
   
   SOUTH INDIAN BANK REVISES FD, SAVINGS ACCOUNT INTEREST RATES
   
   South Indian Bank updated its fixed deposit and savings account interest
   rates effective July 20, 2022 for amounts less than Rs 2 crore.

 * Fintech / 5h hrs ago
   
   
   SENSEX TAKES A BREATHER AFTER 6-DAY RALLY; NIFTY BELOW 16,700
   
   Markets across Asia were trading in the red while S&P500 futures were also
   suggesting a flat-to-negative start for US stocks later in the day.

 * Industry / 5h hrs ago
   
   
   INFLATION A DRAG ON ECOMMERCE JUGGERNAUT
   
   Daily shipments growth moderates, pegged at 20% for FY23; sale days boom
   muted.

 * Insurance / 5h hrs ago
   
   
   MORE COMPANIES GIVING PARENTS HEALTH INSURANCE. AVG SUM INSURED IN GROUP
   COVERS HIKED TO RS 5 LAKH PER FAMILY
   
   According to Plum, an employee health insurance platform, 30% of its
   corporate clients have parental covers as part of their GHI policies. Most of
   these companies are first-time insurance buyers with an average employee
   strength of less than 100. The average age of employees in these businesses
   is 30 years while that of the parents is 57.5 years.

 * Industry / 5h hrs ago
   
   
   CHINA PLANS TO SET UP REAL ESTATE FUND WORTH UP TO $44 BLN
   
   Regulators and local governments will select the developers eligible for
   support from the fund, REDD said, adding that the fund can be used to buy
   financial products issued by the developers or finance state buyers'
   acquisitions of their projects. Beijing is also considering a national policy
   for issuance of special bonds for shantytown redevelopment, the report said.

 * Industry / 5h hrs ago
   
   
   A RECESSION IN THE UNITED STATES WILL ALSO COME TO INDIA’S TECH HUB
   
   Look closer at the financial results of IT firms, and you’ll see signs of
   stagflation in plummeting profitability. Infosys managed to boost rupee
   earnings by just over 3% from a year earlier in the June quarter, even with
   nearly 24% revenue growth. A 20% EBIT margin — earnings before interest and
   tax as percentage of revenue — is a 3.6 percentage point drop year on year.

 * Industry / 3h hrs ago
   
   
   U.S. ECONOMY SLOWING, BUT RECESSION NOT INEVITABLE, YELLEN SAYS
   
   Yellen said inflation "is way too high" and recent Federal Reserve interest
   rates hikes were helping to bring soaring prices back in check. Yellen, who
   previously served as chair of the Federal Reserve, hopes the Fed can cool the
   economy enough to bring down prices without triggering a broad economic
   downturn. Yellen said that even if the second-quarter figure is negative, it
   would not signal that a recession has taken hold, given the strength in the
   job market and strong demand.

 * Financial Services / 3h hrs ago
   
   
   PRIVATE EQUITY INFLOWS TOUCH A RECORD $27 BILLION IN H1
   
   Investments by big-ticket private equity investors and venture capitalists
   rose 15.5% year-on-year, according to data compiled by Indian Venture Capital
   Association (IVCA). As many as 713 deals were signed between January and June
   compared with 526 in the corresponding period last year.

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CRYPTOCURRENCY

 * TOP CRYPTO EXCHANGE BLOCKCHAIN.COM CUTS 25% OF ITS WORKFORCE

 * CRYPTO LOGICAL EXTENSION OF FINTECH, ITS USE AS ASSET, CURRENCY A CHALLENGE:
   MOS IT

 * "GLOBAL COLLABORATION" NEEDED: SITHARAMAN ON RBI'S RECOMMENDATION TO BAN
   CRYPTO

 * RBI BATS FOR CRYPTO BAN, GOVT SEEKS GLOBAL COLLABORATION FOR BETTER
   IMPLEMENTATION: FM SITHARAMAN

 * IAMAI DISSOLVES BACC; INDUSTRY SAYS WILL CONTINUE TO BAT FOR REGULATIONS

 * NFT MARKETPLACE OPENSEA SLASHES 20% OF JOBS

 * INTERNET BODY TO DISMANTLE BLOCKCHAIN AND CRYPTO ASSETS COUNCIL

 * GLOBAL REGULATORS BACK 'SAME RISK, SAME REGULATION' FOR STABLECOINS

 * COINBASE'S BRIAN ARMSTRONG EXPLAINS EFFICIENCY MEASURES AMID RISING
   VOLATILITY

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BFSI VIDEOS


 * CREDIT GROWTH PICKING UP ACROSS ALL SECTORS; NO DAMPER IN CASE OF RATE HIKES:
   SHANTI LAL JAIN
   
   Shanti Lal Jain, MD and CEO, Indian Bank, in conversation with Amol Dethe,
   editor of ETBFSI, said that he sees credit growth picking up in all sectors
   this year — retail, MSME as well as corporate. He also highlighted how the
   normalisation of interest rates is happening and the he is not seeing any
   damper on account of interest rate hikes. "In terms of credit growth, when
   the commodity prices increase, the utilization levels of the working capital
   is increasing and in the credit side as well, sector by sector we are seeing
   growth. As far as interest rate is concerned, 1-2 years back when there
   wasn't enough liquidity, naturally creditor interest rate was lower and the
   growth was also lower. Now that the growth is happening, the demand is
   increasing and interest rates also will be normalized. So it won't have any
   impact on growth plans and I'm not seeing any damper on account of interest
   rate hikes", Jain said. Tune in to listen to his insights. Note: the
   data/numbers that he shared belongs to the previous year (FY2021-2022).

 * 10 days ago
   
   FINTECH DIARY WITH NITHIN KAMATH, FOUNDER AND CEO, ZERODHA

 * 19 days ago
   
   INDIAN FINTECHS WILL MOVE TOWARDS 2ND ORDER PRODUCTS IN THE NEXT 3 YEARS,
   SAYS MADHUSUDHAN R

 * 21 days ago
   
   CO-LENDING MODEL A SURE SHOT SUCCESS, SAYS MONU RATRA OF IIFL HOME FINANCE

View More


EDITOR'S PICK

 * 27 mins ago
   
   ASSAM FLOOD REPORTS HUNDREDS OF MOTOR AND HEALTH INSURANCE CLAIMS

 * 3 hrs ago
   
   DANCING TO THE DOLLAR TUNE: FPIS WITH WEAKER HOME CURRENCIES HIT MOST ON D-ST

 * 43 mins ago
   
   BANKS SHOULD COLLABORATE WITH TECHNOLOGY AS BACKBONE: BANKING LEADERS

 * 3 hrs ago
   
   BANKS SEEK BIGGER HTM PLAY AS BOND YIELDS SPIKE

 * 1 day ago
   
   HOW DOES GEN Z LIKE TO FULFILL ITS BANKING NEEDS?


MOST READ

 * 5 days ago
   
   RBI SAYS PRODUCTS OF 4 ENTITIES VIABLE FOR CROSS BORDER PAYMENTS UNDER
   REGULATORY SANDBOX

 * 4 days ago
   
   EXPLOSION OF MSME FINANCING ON POWER OF DATA WILL BE SEEN: VC & MD, U GRO
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 * 7 days ago
   
   HOW NEW-AGE NBFCS ARE CHANGING THE SMALL BUSINESS LOAN LANDSCAPE IN INDIA

 * 4 days ago
   
   PNB PARTNERS WITH FOUR FINTECH FIRMS FOR ACCOUNT AGGREGATOR FORAY

 * 7 days ago
   
   HOW INCREASED FDI IN THE INSURANCE SECTOR CAN BENEFIT COS AND STAKEHOLDERS

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