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ACCEPT THE UPDATED PRIVACY & COOKIE POLICY Dear user, ET BFSI privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website. You can see our privacy policy & our cookie policy. We use cookies to ensure the best experience for you on our website. If you choose to ignore this message, we'll assume that you are happy to receive all cookies on ET BFSI. * Analytics * Necessary * Newsletter NameProviderExpiryTypePurpose Google AnalyticsGoogle1 YearHTTPSTo track visitors to the site, their origin & behaviour.iBeat AnalyticsIbeat1 YearHTTPSTo track article's statisticsGrowthRx AnalyticsGrowthRx1 YearHTTPSTo track visitors to the site and their behaviour NameProviderExpiryTypePurpose optoutTimes Internet1 YearHTTPSStores the user's cookie consent state for the current domainPHPSESSIDTimes Internet1 dayHTTPSStores user's preferencesaccessCodeTimes Internet2.5 HoursHTTPSTo serve content relevant to a regionpfuuidTimes Internet1 YearHTTPSUniquely identify each userOSTIDTimes Internet1 YearHTTPSOauth secure tokenOSSOIDTimes Internet1 YearHTTPSOauth user identifierOSTPID Times Internet1 YearHTTPSused to sync accross portalsfpidTimes Internet1 YearHTTPSBrowser Fingerprinting to uniquely identify client browsers NamePurpose Daily NewsletterReceive daily list of important newsPromo MailersReceive information about events, industry, etc. I've read & accepted the terms and conditions NEWS SITES * Auto News * Retail News * Health News * Telecom News * Energy News * CIO News * Real Estate News * Brand Equity * CFO News * IT Security News * Government News * Hospitality News * HR News * Legal News * ET TravelWorld News * Infra News * B2B News * CIOSEA News * HRSEA News * HRME News Upcoming Event: CFO Meet & discussion on Revised Companies Act Sign in/Sign up * Follow us: * * * * * * * ETBFSI Exclusive * BANKING * INSURANCE * InsurTech * NBFC * FINTECH * Payments * Digital Lending * RegTech * Open API * BFSI Videos * Editor's View * Brand Solutions * ETBFSI AWARDS 2023 * ACCELERATE END-TO-END CUSTOMERS' JOURNEYS WITH AN AGILE LENDING SOLUTION * GLOBAL INSURANCE BROKERS PVT. LTD * ETBFSI.COM CONVERGE Thriving in the world of digital * ETBFSI CXO CONCLAVE Connecting Financial Institutions Digitally * LAY THE GROUNDWORK TO ACCELERATE BANKING INNOVATION * ETBFSI FINNEXT SUMMIT The Future of NBFCs and FinTechs * SIDBI-ET MSMES/STARTUPS Roudtable Discussion * REIMAGINE NEXT * LEARNFEST * REIMAGINE NEXT - THE FUTURE OF LEARNING * ETBFSI.COM CONVERGE BFSI: The world of Hyper-personalization * ETBFSI EXCELLENCE AWARDS 2021 AWARDS FOR EXCELLENCE IN INNOVATION * FUTURE READY SECURITY FOR DIGITAL-FIRST BFSI * 3RD EDITION OF ETBFSI CXO CONCLAVE Unlocking the BFSI Potential * THE DIGITAL NEXT: SERIES 2.1 Live Virtual Summit * JOIN THE ECONOMIC TIMES FINANCIAL INCLUSION SUMMIT 2021 * 2ND EDITION OF ETBFSI VIRTUAL SUMMIT 2021 * ET BANKING LEADERSHIP SERIES PRESENTED BY MANIPAL ACADEMY * Millennial Finance * FinTech Diary * ETBFSI Research * Green Finance * IBC * ETBFSI Explains * BFSI Movement * More * Blogs * BFSI Tech Tales * Innovation Masters * POLICY * FINANCIAL SERVICES x Banking ADANI HAS $9 BILLION DEBT EXPOSURE TO INDIAN BANKS, PSU LENDERS HOLD MOST Private banks have potentially reduced their exposure on aggregate and the residual debt to the group is largely in very strong cashflow businesses, such as power and airports. LATEST NEWS * 5h hrs ago More than 5 Crore Indian Citizen subscribed to Atal Pension Yojana (APY) * 5h hrs ago Fintech startup Credit Fair appoints Vikas Agarwal as cofounder & CBO * 5h hrs ago Economic Survey 2023: Date, time of release, theme & where to watch presentation * 5h hrs ago PNB Q3 Results: Net profit falls 44% YoY to Rs 629 crore * 5h hrs ago LIC reviewing Adani response to short seller's allegation * 5h hrs ago 5 NBFCs offering more than 8% FD interest rate for senior citizens * 3h hrs ago Bajaj Finserv Q3 Results: Net profit soars 42% YoY to Rs 1,782 crore * 3h hrs ago You don’t need debit card to activate UPI: Here’s how to activate UPI using Aadhaar View More Insurance IS LIC'S EXPOSURE & CONTINUED INVESTMENT IN ADANI GROUP A MATTER OF CONCERN? India's largest public sector insurer, LIC accounts for over 98% of the entire insurance industry’s investment in the Adani Group, which is currently facing a massive drop in its share prices after Hindenburg Research alleged the conglomerate for pulling “largest con in corporate history”. Union Budget 2023 IN PICTURES: WHAT INDIA INC ECONOMISTS EXPECT FROM BUDGET 2023 The Union Budget 2023 comes ahead of a busy state poll calendar in 2023 followed by general elections in 2024. India Inc's top economists thus expect the government to be nimble in its approach towards the Budget, to adhere to fiscal targets and not go for big-ticket spending. Union Budget 2023 EXPLAINED: THE 5 W'S AND 1 H OF INDIA'S UNION BUDGET As the Budget 2023 countdown reaches its final stage after the Halwa Ceremony on 26 January, for our diverse pool of readers, ETBFSI brings to you an explainer that dwelves on the basics of What, Why, When, Where, Who and How of India's Union Budget. Union Budget 2023 IN PICTURES: HERE’S WHAT NBFC LEADERS HAVE TO SAY ABOUT ABOUT UNION BUDGET 2023 From pumping the system with more liquidity to creating a fund structure to having a bond support system and the need to have a separate entity like RBI for NBFCs, here’s the top Wishlist of some of the biggest names in the NBFC space. Union Budget 2023 UNION BUDGET 2023 : FINTECH INDUSTRY'S WISHLIST FOR THE GOVERNMENT The Union Budget 2023 which will be unveiled by the Finance Minister of India is expected to bring many reforms in the FinTech and MSME sector as well, alongside banking, insurance, infrastructure and other sectors. FinTech experts expect the GST rate to be tapered down, tax reliefs, announcement of a full-fledged integration of different portals like e-Shram, Udyam, etc, licensing of neobanks as per Niti Aayog's suggestions and much more from the Government. Here's what the experts said : Union Budget 2023 BUDGET 2023: FOUR KEY AREAS TO FOCUS ON FOR THE FINTECH SPACE While the Union Budget 2022–23 laid the foundation for India's digital payments journey, according to PwC the upcoming Budget for 2023-24 will take the next leap. Here are the top four areas that the MNC expects the Government to focus on as part of the Union Budget. View More TOP FEATURED STORIES Fintech / 6 days ago KISAN DRONES SET TO REVOLUTIONISE AGRI-LENDING; MORE AWARENESS, ADAPTATION REQUIRED: AGRITECH EXPERTS The demand for drones in major sectors like agriculture has been increasing rapidly over recent years. ETBFSI talks to Industry experts to know what difference drones will make in agri loans, if it will reduce the due diligence, how kisan drones can transform the agritech sector and much more. Here's what they said: * NBFC BUDGET 2023: HERE'S WHAT NBFC LEADERS EXPECT FROM UNION BUDGET 2023 * Financial Services PAYMENT AGGREGATOR LICENSE: THE TWISTS AND TURNS IN JOURNEY SO FAR * Industry BLOCKCHAIN CO-INVENTOR STUART HABER SAYS HIS TECHNOLOGY CAN IMPROVE TRANSPARENCY AND ASSURANCE IN BANKS * Policy WILL RBI'S RETAIL CBDC POSE A BIG CHALLENGE TO UPI? View More BLOG * FINTECH INDUSTRY SEEKS ‘RRR’ FROM BUDGET 2023: RELIEF, REFORM AND REGULATORY EASING * Akash Sinha - CEO and Co-Founder, Cashfree Payments BETTING ON FINTECH TO FURTHER ACCELERATE INDIA’S ECONOMY * Jyoti Prakash Gadia - Managing Director, Resurgent India UNION BUDGET 2023: KEY EXPECTATIONS FROM THE BANKING INDUSTRY * Pankaj Sharma - Chief Executive Officer, Religare Finvest Limited WHAT ARE NBFCS’ EXPECTATIONS FROM THIS YEAR’S UNION BUDGET? * Anu Aggarwal - President & Head of Corporate Bank at Kotak Mahindra Bank. INDIAN ECONOMY IN NEED OF A BOOSTER SHOT * Gaurav Jalan - Founder and CEO, mPokket MAJOR TRENDS EXPECTED IN THE FINTECH SPACE IN 2023 View More FINTECH Fintech / 50 mins ago FINTECH STARTUP CREDIT FAIR APPOINTS VIKAS AGARWAL AS COFOUNDER & CBO Agarwal will lead co-lending partnerships, supply of debt capital, and retail investors/IFA relationships. In addition, he will also lead strategic alliances (fintech) and merchant relationship developments to accelerate business growth of the fintech startup. * Fintech / 6 hrs ago GREAT EXPECTATIONS: WHAT THE INDIAN CRYPTO INDUSTRY IS HOPING FOR IN BUDGET 2023 * Fintech / 9 hrs ago FALL IN INDIAN STARTUP VALUATIONS HAVE CREATED AN INTERESTING OPPORTUNITY: TIM DRAPER * Fintech / 9 hrs ago RAZORPAY’S FOREX SERVICE TO HELP FOUNDERS TRANSFER FUNDING TO INDIA * Fintech / 9 hrs ago UNION BUDGET 2023: FINTECH INDUSTRY SEE GOVERNMENT SUPPORT TO DRIVE MSME GROWTH View More POLICY Policy / 6 hrs ago RBI TO HIKE REPO RATE BY 25 BPS IN FEB, ENDING TIGHTENING CYCLE: REUTERS POLL The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found. * Policy / 9 hrs ago UNION BUDGET 2023: BETWEEN SPENDING AND PRUDENCE * Policy / 9 hrs ago FED SET TO SHRINK RATE HIKES AGAIN AS INFLATION SLOWS * Policy / 2 days ago INTEREST RATES MAY NOT REMAIN HIGH FOR LONG: SHAKTIKANTA DAS * Policy / 2 days ago SHOULD STANDARD ACCOUNTS BE INCLUDED IN SMA CATEGORY FOR SECURITISATION, RBI ASKS View More NBFC * 5 NBFCS OFFERING MORE THAN 8% FD INTEREST RATE FOR SENIOR CITIZENS * BAJAJ FINSERV Q3 RESULTS: NET PROFIT SOARS 42% YOY TO RS 1,782 CRORE * INDIA'S BAJAJ FINANCE BEATS PROFIT ESTIMATES AS PROVISIONS DROP * CREDENT GLOBAL FINANCE IN TALKS TO RAISE RS 500 CRORE FOR TIER-II PROJECTS * PROMOTER GROUP RECLASSIFIED AS PUBLIC: RELIANCE CAP * SREI GROUP COMPANIES' LENDERS AGREE TO SET ASIDE ₹824-CRORE SALE PROCEEDS IN ESCROW ACCOUNT * UNION BUDGET 2023: HERE’S WHAT HOUSING FINANCE SECTOR EXPECTS FROM FINANCE MINISTER * HOW ECLGS TURNED OUT TO BE LIFELINE FOR 1.46 MILLLION MSMES DURING THE PANDEMIC * PNB HOUSING FINANCE'S NET PROFIT JUMPS 42.81% TO RS 269 CRORE IN Q3 FY23 * HOMEFIRST FINANCE NET RISES 28 PC ON HIGHER LOAN SALES * LEGALPAY ACQUIRES STRATEGIC STAKE IN GUJARAT-BASED NBFC PADMALAYA FINSERVE * NCLT RESERVES ORDER ON TORRENT PLEA TO HALT FRESH AUCTION FOR RCAP; DIRECTS LENDERS TO MAINTAIN STATUS QUO * POONAWALLA FINCORP Q3 PROFIT UP 88 PC TO RS 150 CR * BAJAJ FINANCE REVISES FD RATES UP TO 40 BPS: NOW EARN RETURNS UP TO 8.10 PER CENT P.A. * KEDAARA CAPITAL INVESTS RS 800 CR IN NBFC AVANSE FINANCIAL * ‘CREDIT GUARANTEE FOR LENDING TO MSMES WILL PROVIDE LIQUIDITY SOLUTION TO NBFCS’: U GRO CAPITAL’S SHACHINDRA NATH * BUDGET 2023: LIQUIDITY, BOND MARKET SUPPORT TOP NBFC WISHLIST * COST OF CAPITAL A CHALLENGE, CREDIT INSURANCE COULD BE AN ENABLER: FISME SEC-GEN * GOVERNMENT SUPPORT FOR MSMES OVER NEXT 12 TO 24 MONTHS CRUCIAL: RAKESH SINGH, ADITYA BIRLA FINANCE * NBFCS' BANK BORROWINGS RISE 1.5X SINCE PANDEMIC AS HIGH YIELDS ROCK BOND ST View More MORE FROM ETBFSI * Insurance / 5h hrs ago MORE THAN 5 CRORE INDIAN CITIZEN SUBSCRIBED TO ATAL PENSION YOJANA (APY) APY was introduced on May 9, 2015, with the goal of providing old age income security to all Indian citizens, particularly those employed in unorganised industries. All Indian citizens between the ages of 18 and 40 who have savings accounts at a bank or post office are eligible for this programme * Fintech / 5h hrs ago FINTECH STARTUP CREDIT FAIR APPOINTS VIKAS AGARWAL AS COFOUNDER & CBO Agarwal will lead co-lending partnerships, supply of debt capital, and retail investors/IFA relationships. In addition, he will also lead strategic alliances (fintech) and merchant relationship developments to accelerate business growth of the fintech startup. * Industry / 5h hrs ago ECONOMIC SURVEY 2023: DATE, TIME OF RELEASE, THEME & WHERE TO WATCH PRESENTATION Economic Survey 2023: The Economic Survey is usually tabled a day ahead of the Union Budget. The Economic survey is prepared by the Department of Economic Affairs under the guidance of the Chief Economic Advisor. * Banking / 5h hrs ago PNB Q3 RESULTS: NET PROFIT FALLS 44% YOY TO RS 629 CRORE The net interest income (NII) --- the difference between interest earned by the bank and interest expended --- rose 18% to Rs 9,179 crore during the third quarter. The same stood at Rs 7,803 crore in the same quarter last year. * Insurance / 5h hrs ago LIC REVIEWING ADANI RESPONSE TO SHORT SELLER'S ALLEGATION LIC owned a 4.23% stake in the flagship Adani Enterprises as of end-December, over 9% in Adani Ports and Special Economic Zone, nearly 6% in Adani Total Gas and 3.65% in Adani Transmission, according to data from the Bombay Stock Exchange. * NBFC / 5h hrs ago 5 NBFCS OFFERING MORE THAN 8% FD INTEREST RATE FOR SENIOR CITIZENS NBFCs are not protected by the Deposit Insurance and Credit Guarantee Corporation (DICGC), which is not in case of bank fixed deposits as they are covered under DICGC for amounts up to Rs 5 lakh. * NBFC / 3h hrs ago BAJAJ FINSERV Q3 RESULTS: NET PROFIT SOARS 42% YOY TO RS 1,782 CRORE The company's stock was trading up about 2.31% at Rs 1,344.50. * Banking / 3h hrs ago YOU DON’T NEED DEBIT CARD TO ACTIVATE UPI: HERE’S HOW TO ACTIVATE UPI USING AADHAAR You don't need your Debit card to register for UPI. You can activate using Aadhaar-based one-time password (OTP) authentication. View More SUBSCRIBE TO OUR NEWSLETTER 50000+ Industry Leaders read it everyday I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. TODAY'S POLL YOU HAVE SUCCESSFULLY CAST YOUR VOTE DO YOU THINK THE GOVERNMENT HAS BANDWIDTH TO SPEND MORE? YesCan't SayNo Vote BFSI VIDEOS * DIGITAL LENDING GUIDELINES REMOVED GREY AREAS, BELIEVE LENDINGKART AND KREDX CHIEFS How are FinTechs in the digital lending space dealing with the RBI's digital lending guidelines? Is it tough for FinTechs working as a Lending Service Provider (LSPs) to deal with the current framework? How is the current state of digital lending? Harshvardhan Lunia, Founder & CEO, Lendingkart Technologies and Anurag Jain, Founder & Executive Director, KredX, And also board members of Digital Lending Association of India narrated the digital lending story. In an exclusive conversation with ETBFSI they highlighted that in the past 12-18 months, the collaboration word has picked up really well and everybody is focusing on how they can collaborate and solve problems for the consumer. They said that the DLG serves as guardrails and gives direction to the FinTech industry, removing the grey area, the froth and uncertainty from the market. "Innovation has to be done in a sustainable manner — while RBI has allowed FinTechs to innovate and evolve over the past decade, now it is making sure that there is no systemic risk," the leaders further added. * 6 days ago MOODY’S SEES IMPROVEMENT IN INSURANCE COMPANIES’ PROFITABILITY * 12 days ago WHAT DO NBFC LEADERS EXPECT FROM BUDGET 2023? * 12 days ago WHAT DO ECONOMISTS EXPECT FROM BUDGET 2023? View More CRYPTOCURRENCY * INDIA SHOULD CONSIDER REDUCING TDS RATE ON CRYPTOCURRENCY TRADE: REPORT * BINANCE MOVED $346 MILLION FOR SEIZED CRYPTO EXCHANGE BITZLATO, DATA SHOW * CRYPTOS ARE NOTHING BUT GAMBLE, THEIR VALUE ONLY MAKE-BELIEVE: RBI GOVERNOR * CRYPTO TOKENS LIKE POLYGON AND BIG EYES COIN CONTINUE TO THRIVE DESPITE MARKET CRISES * CRYPTO IS ‘EFFECTIVELY NONEXISTENT’ FOR BIG INSTITUTIONS, JPMORGAN’S GROSS SAYS * LAW ON CRYPTOCURRENCY ONLY AFTER INTERNATIONAL COLLABORATION, RISK EVALUATION: GOVT * NEED SIMILAR REGULATIONS FOR BANKS AND FINTECHS IF UNDERLYING ACTIVITY IS SAME: RBI DG * INDIA CENBANK CHIEF SAYS NEXT FINANCIAL CRISIS WILL COME FROM PRIVATE CRYPTOCURRENCIES * FTX SCANDAL: WHAT IS IT AND HOW DID IT UNRAVEL? HERE’S ALL YOU NEED TO KNOW View More EDITOR'S PICK * 28 mins ago MORE THAN 5 CRORE INDIAN CITIZEN SUBSCRIBED TO ATAL PENSION YOJANA (APY) * 33 mins ago IN PICTURES: WHAT INDIA INC ECONOMISTS EXPECT FROM BUDGET 2023 * 54 mins ago IS LIC'S EXPOSURE & CONTINUED INVESTMENT IN ADANI GROUP A MATTER OF CONCERN? * 1 hr ago UNION BUDGET 2023 : FINTECH INDUSTRY'S WISHLIST FOR THE GOVERNMENT * 2 hrs ago CREDIT GROWTH TO INDUSTRY REMAINS STRONG, RETAIL LOANS UP BY 20 % YOY IN NOV'22 MOST READ * 3 days ago LIC RAISED STAKE IN ADANI GROUP TO OVER RS 70,000 CRORE AS FPIS CUT EXPOSURE * 7 days ago EXPLAINER : HOW WILL RBI'S PROPOSED ECL-BASED PROVISIONING FOR BANKS WORK? * 6 days ago RBI ASKS SBM BANK (INDIA) TO STOP TRANSACTIONS UNDER LRS * 7 days ago BUDGET 2023 WISHLIST: REDUCE INCOME TAX ON INSURANCE, LIBERATE INVESTMENT PATTERNS * 4 days ago ‘EVERY FINTECH WILL END UP HAVING A LENDING GAME’, SAYS CEO OF CREDIT SAISON INDIA * Industry News * Auto News * Retail News * Health News * Telecom News * Energy News * CIO News * Real Estate News * Brand Equity * CFO News * IT Security News * Government News * Hospitality News * HR News * Legal News * ET TravelWorld News * Infra News * B2B News * CIOSEA News * HRSEA News * HRME News * CONTACT US ADVERTISE WITH US We have various options to advertise with us including Events, Advertorials, Banners, Mailers, Webinars etc. Please contact us to know more details. * SIGN UP FOR ETBFSI NEWSLETTER Get ETBFSI's top stories every morning in your email inbox. 50000+ Industry Leaders read it everyday I have read Privacy Policy and Terms & Conditions and agree to receive newsletters and other communications on this email ID. * FOLLOW US @ETBFSI Follow @ETBFSI for the latest news, insider access to events and more. * * * * * * About Us * Contact Us * Advertise with us * Newsletter * RSS Feeds * Embed ETBFSI.com Widgets on your Website * Privacy Policy * Terms & Conditions * Guest-Post Guidelines * Sitemap Copyright © 2023 ETBFSI.com. 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