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We have updated our terms and conditions and privacy policy Click "Continue" to accept and continue with ET BFSI 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 CXO CONCLAVE Connecting Financial Institutions Digitally * ETBFSI FINNEXT SUMMIT The Future of NBFCs and FinTechs * REIMAGINE NEXT * SIDBI-ET MSMES/STARTUPS Roudtable Discussion * REIMAGINE NEXT - THE FUTURE OF LEARNING * ETBFSI.COM CONVERGE BFSI: The world of Hyper-personalization * FUTURE READY SECURITY FOR DIGITAL-FIRST BFSI * LEARNFEST * ETBFSI EXCELLENCE AWARDS 2021 AWARDS FOR EXCELLENCE IN INNOVATION * THE DIGITAL NEXT: SERIES 2.1 Live Virtual Summit * 3RD EDITION OF ETBFSI CXO CONCLAVE Unlocking the BFSI Potential * JOIN THE ECONOMIC TIMES FINANCIAL INCLUSION SUMMIT 2021 * 2ND EDITION OF ETBFSI VIRTUAL SUMMIT 2021 * ET BANKING LEADERSHIP SERIES PRESENTED BY MANIPAL ACADEMY * NATIONAL COOPERATIVE SUMMIT * FINANCIAL INCLUSION & PAYMENT SUMMIT * Millennial Finance * FinTech Diary * BFSI Tech Tales * Green Finance * IBC * ETBFSI Explains * BFSI Movement * More * Blogs * Innovation Masters * POLICY * FINANCIAL SERVICES x Financial Services GREEN WASHING NOT ENOUGH, MONEY CONCEPT SHOULD REDEFINE FROM GOLD TO TREE: SONAM WANGCHUK Sonam Wangchuk, Founder, Himalayan Institute of Alternatives, Ladakh, on the sidelines of the Point Zero Forum at Zurich, spoke to ETBFSI about how global regulators should go about green finance, green washing, etc. Read the exclusive interview here. LATEST NEWS * 3h hrs ago Don’t bar PSU insurers on solvency: Govt * 3h hrs ago UK PM names Nadhim Zahawi as new finance minister * 3h hrs ago Bharatpe loan disbursal doubles to Rs 3,600 cr in Apr-Jun on quarterly basis * 3h hrs ago We could be at the beginning of a multi-year credit cycle: Vinay Sharma * 3h hrs ago It will be tough for LIC for next one year or so: Mahantesh Sabarad * 3h hrs ago Sebi bars Profit Redefine, proprietor from securities markets for unauthorised investment advisory * 3h hrs ago India approved 80 FDI proposals involving Chinese entities: data * 3h hrs ago Bank of England: Crypto crashes show need for tougher rules View More Insurance LIC'S BUSINESS DRIVERS IN PLACE, EXECUTION REMAINS KEY : REPORT According to a report by Motilal Oswal Financial Services Ltd, LIC has all the levers in place to maintain industry leading position and ramp up growth in the highly profitable product segments (mainly Protection and Non-PAR Savings / Annuity). However, changing gears for such a vast organization requires superior and well-thought execution that also has to endure frequent rotation at the top management level. Financial Services INDIA OUTPERFORMS KEY GLOBAL MARKETS IN JUNE, PRIVATE BANKS TOP LOSERS: REPORT Motilal Oswal Financial Services highlighted the broad-based performance of markets in June 2022. The report delves upon topics like the relentless FII outflows, Forex and INR being at all time low, improvement in corporate profit-to-gdp ratio and banking system witnessing a healthy uptick in loan growth among others. Here are the highlights. Blog THE SHIMMER OF SECURITISED GOLD LOANS Even banks, both public and private sector ones, have identified gold loans as one of the growth avenues for augmenting their retail loan books. They are active investors in gold loan securitisation, which helps them achieve their growth aspirations. Fintech BEAR CRYPTO MARKET — THE BEST TIME TO INVEST AND UNDERSTAND MARKET Cryptocurrency markets crashed to a new low of 2022 in June. The global crypto market cap shrunk below $1 trillion to $977 billion. ETBFSI spoke to few cryptocurrency experts, who shared their views on the ongoing bear phase of the crypto market and how their companies are dealing with it. Here's what they said. Videos INDIAN FINTECHS WILL MOVE TOWARDS 2ND ORDER PRODUCTS IN THE NEXT 3 YEARS, SAYS MADHUSUDHAN R Madhusudan R, Founder and CEO, M2P Fintech at the ETBFSI FinNext Summit 2022 said that the Fintech Sector has hit a speed breaker in regards to the funding slowdown but he thinks it's only to accelerate the growth from here in terms of how it is made sure that a lot of unwarranted stuff is cut out. "Investment in Fintechs is like how we personally invest in the market. When the markets crash, we pull back our money and stop as there is a lot of fear. The venture world is no different and I hope that in the next 6-12 months things will start to get back on track". Madhusudan also believes that Indian Fintechs are still at a very early stage and are catering to what he calls first order products that fulfill basic needs. In the next 2-3 years, we'll start looking at second order products like autopilot investment management. He also shared his insights on how open banking is evolving in India very differently from how the world sees it primarily because at the macro level certain things are going very well for India. Banking AXIS BANK-CITI DEAL MAY CLOSE BY Q4, LIKELY TO ADD 4% TO BANK’S ADVANCE BASE “The recent acquisition of Citibank’s consumer franchise would help us accelerate retail business growth and strengthen our market positioning further across our key businesses,” Axis Bank’s FY22 annual report said. View More TOP FEATURED STORIES Insurance / 8 days ago AFTER 21 YEARS OF PRIVATISATION AND EXTENSIVE EFFORT, HOW HAS INDIA'S INSURANCE SECTOR EVOLVED? On the occasion of National Insurance Awareness Day, ET BFSI spoke to a few industry captains to understand how far has the sector come after more than two decades of privatization, how is technology disrupting insurance post covid, role of the regulator in increasing insurance penetration in the country and future growth outlook. Here's what they said. * Financial Services HOW ARE GREEN, SOCIAL AND SUSTAINABILITY BONDS FARING IN INDIA? * NBFC 'OPEN TO MORE PARTNERSHIPS, POSSIBLY BE A LENDING-BACKED MARKETPLACE' * Insurance 'PIRAMAL ELIGIBLE TO BID FOR RCAP'S GENERAL AND HEALTH INSURANCE BIZ' * Fintech INDIAN FINTECHS GARNER 42% SHARE OF $3.3 BILLION DEALS IN APAC REGION View More BLOG * Krishnan Sitaraman - Senior Director, CRISIL Ratings THE SHIMMER OF SECURITISED GOLD LOANS * Raghunandan G - Founder & CEO, Zolve TRAVERSING THROUGH A RECESSION, THE FINTECH WAY * Sanjay Tiwari - Chief Strategy Officer, Exide Life Insurance PRODUCT INNOVATION IN INSURANCE: THE NEW IMPERATIVE FOR A COMFORTABLE RETIREMENT * Jatinder Mohan Singh Shah - COO -Business Banking, Fincare Small Finance Bank AIDING INDIAN MSME'S TO SUSTAIN RISING INFLATION * Harshvardhan Lunia - CEO & Founder, Lendingkart HOW GOVT IS ASSISTING FINTECH COMPANIES TO SOLVE THE EMERGING CHALLENGES IN THE FINTECH INDUSTRY * Robin Bhowmik - Chief Business Officer, Manipal Global Skills Academy BANKING ON TALENT: MOST IN-DEMAND SKILLS TO QUALIFY FOR OPPORTUNITIES IN THE FINTECH INDUSTRY View More FINTECH Fintech / 2 hrs ago DEUTSCHE BANK SEES BITCOIN AT $28K! IS 40% RALLY POSSIBLE AMID SLUMBER? Bitcoin saw the April-June 2022 period as the worst quarter in the last one decade, thanks to deteriorating macroeconomic conditions across the globe.The report from Deutsche Bank provides an interesting perspective on the medium-term outlook for Bitcoin and suggests that cryptocurrency markets have mirrored movements of the Nasdaq 100 and S&P 500 since late 2021. * Fintech / 2 hrs ago BHARATPE LOAN DISBURSAL DOUBLES TO RS 3,600 CR IN APR-JUN ON QUARTERLY BASIS * Fintech / 2 hrs ago BANK OF ENGLAND: CRYPTO CRASHES SHOW NEED FOR TOUGHER RULES * Fintech / 2 hrs ago INSURTECH STARTUP ENSUREDIT RAISES $4.2 MILLION IN FUNDING FROM COVER GENIUS, OTHERS * Fintech / 14 hrs ago LAZYPAY STOPS BUY-NOW-PAY-LATER PAYMENT PRODUCT AMID PPI CONCERNS View More POLICY Policy / 1 day ago PAYMENT OPERATORS NEED RBI NOD FOR M&A “The operations of non-bank PSOs have been reviewed and they shall require prior in the following cases – takeover / acquisition of control, sale/transfer of payment activity to an entity not authorised for undertaking similar activity,” RBI said in a notification. * Policy / 1 day ago RBI LAUNCHES NEXT ROUND OF SURVEY OF MANUFACTURING COMPANIES * Policy / 1 day ago WHY CENTRAL BANKS, INCLUDING THE RBI, ARE RAISING LENDING RATES AGGRESSIVELY * Policy / 2 days ago HIGH CASH IN CIRCULATION AIDS CURRENT RBI POLICY * Policy / 2 days ago RBI DEFENDED RUPEE WITH $41 BILLION OVER 5 MONTHS, SAYS REPORT View More NBFC * MYSHUBHLIFE AIMS TO DISBURSE RS 550 CRORE WORTH OF LOANS BY THE NEXT FINANCIAL YEAR * MFIS MAY SEE IMPROVED PROFITS ON FLEXIBLE LENDING RATES * MUTHOOT FINANCE GETS RBI NOD TO OPEN 150 NEW BRANCHES ACROSS INDIA * HDFC AND HDFC BANK MERGER PROPOSAL GETS NOD FROM BOURSES * DOMESTIC HOUSING SECTOR SET TO GROW IN NEXT 5 YEARS: PNB HOUSING FINANCE * INDIABULLS HOUSING RAISES $100 MILLION VIA OFFSHORE LOAN FROM SBI * PNB HOUSING FIN TO SEEK SHAREHOLDERS' NOD NEXT MONTH TO RAISE RS 12,000 CR IN DEBT * CHENNAI: SHRIRAM TRANSPORT’S Q1 DISBURSEMENTS UP 15% * VEHICLE FINANCIERS SEE STEADY ROAD; MARGIN COMPRESSION IMMINENT: REPORT * SEBI ASKS PFS NOT TO CHANGE BOARD TILL COMPLETION OF FORENSIC AUDIT * PALLONJI MISTRY, BILLIONAIRE CAUGHT IN TATA FEUD, DIES AT 93 * IF BOOKS ARE CLEAN, THEN HARMONISATION OF LENDER NORMS SHOULD NOT BE A WORRY: RAVI SUBRAMANIAN * LENDERS EXTEND TIMELINE FOR RELIANCE CAPITAL RESOLUTION BY 2 MONTHS TO NOVEMBER * NBFCS SHOULD DIVERSIFY RISKS ACROSS SECTORS: FORMER SBI CHAIRMAN * RBI EXPLORING OPTIONS TO ENSURE CUSTOMER SAFETY DEALING WITH PPIS ISSUED BY NON-BANK ENTITIES * ANNAPURNA FINANCE RAISES $15 MILLION IN EQUITY FROM FRENCH INVESTOR PROPARCO * IIFL FINANCE GETS BOARD'S APPROVAL TO RAISE RS 5,000 CR BY ISSUING BONDS * MSME LENDING AN OPPORTUNITY FOR NBFCS, SAY LEADERS * SHRIRAM GROUP PLANS TO ADD 2,500 EMPLOYEES FOR MERGED ENTITY IN 18-24 MONTHS * LIC HOUSING FINANCE HIKES LENDING RATE BY 60 BPS View More MORE FROM ETBFSI * Insurance / 3h hrs ago DON’T BAR PSU INSURERS ON SOLVENCY: GOVT The three companies — National Insurance, Oriental Insurance and United India Insurance — currently do not meet the solvency margin norms prescribed by the Insurance Regulatory and Development Authority of India (Irdai). * Industry / 3h hrs ago UK PM NAMES NADHIM ZAHAWI AS NEW FINANCE MINISTER Downing Street said Queen Elizabeth II had approved the appointment of Zahawi, who came to Britain as a child with his Kurdish family not speaking any English, before forging a lucrative business career. * Fintech / 3h hrs ago BHARATPE LOAN DISBURSAL DOUBLES TO RS 3,600 CR IN APR-JUN ON QUARTERLY BASIS New Delhi, Jul 5 (PTI) Fintech firm Bharatpe on Tuesday said it has registered over two-fold growth in loan disbursals facilitated by it to over Rs 3,600 crore in the April-June period. * Financial Services / 3h hrs ago WE COULD BE AT THE BEGINNING OF A MULTI-YEAR CREDIT CYCLE: VINAY SHARMA “One of the important triggers for some of these large financial counters to perform would be the reversal of FII flows. As and when the overall macros improve – not just in India but in emerging markets and the US – FIIs flows will again reverse because India remains an attractive destination.” * Insurance / 3h hrs ago IT WILL BE TOUGH FOR LIC FOR NEXT ONE YEAR OR SO: MAHANTESH SABARAD “Over the years, the new business premium collection has been deceleratingMy take is that LIC has not yet demonstrated a strong new business growth, new business profitability growth and the proportion of new business to their already existing value in force is quite small. Unless that ratio improves, we would not see valuations improve for LIC. ” * Financial Services / 3h hrs ago SEBI BARS PROFIT REDEFINE, PROPRIETOR FROM SECURITIES MARKETS FOR UNAUTHORISED INVESTMENT ADVISORY The order comes from an interim order-cum-show-cause notice dated February 7, 2020 passed by Sebi against Profit Redefine Financial Solution (PRFS), its sole proprietor Sanjay Yadav and other entities. * Financial Services / 3h hrs ago INDIA APPROVED 80 FDI PROPOSALS INVOLVING CHINESE ENTITIES: DATA The government received 382 proposals from the Chinese in all for consideration since India imposed restrictions on investments from countries that share land border with it, Department for Promotion of Industry and Internal Trade (DPIIT) said in response to the RTI. * Fintech / 3h hrs ago BANK OF ENGLAND: CRYPTO CRASHES SHOW NEED FOR TOUGHER RULES The U.K.'s central bank said that the crashes exposed vulnerabilities in the crypto markets reminiscent of previous bouts of financial turmoil.Extreme volatility in the crypto markets, including so-called stablecoins, resulted in "fire sales" and amplified price falls, the bank said in its latest financial stability report. 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. CRYPTOCURRENCY * BANK OF ENGLAND: CRYPTO CRASHES SHOW NEED FOR TOUGHER RULES * CRYPTO LENDER NEXO PLANS TO BUY FELLOW LENDER VAULD * EUROPEAN UNION INKS DEAL ON CRYPTO TRANSFER TRACING RULES * BITCOIN POISED FOR BIGGEST QUARTERLY DROP IN MORE THAN A DECADE * EU BACKS CRYPTO ANTI-MONEY LAUNDERING RULES * SHIBA INU BURNS ABOUT 400 TRILLION TOKENS TO CAP SUPPLY; BLEEDS 13% * INSIGHT-CRYPTO CRASH THREATENS NORTH KOREA'S STOLEN FUNDS * CRYPTO WINTER: WHY THIS BITCOIN BEAR MARKET IS DIFFERENT FROM THE PAST * ELECTRICITY USED TO MINE BITCOIN DECREASED SHARPLY AS CRYPTO CRISIS WIDENS View More BFSI VIDEOS * INDIAN FINTECHS WILL MOVE TOWARDS 2ND ORDER PRODUCTS IN THE NEXT 3 YEARS, SAYS MADHUSUDHAN R Madhusudan R, Founder and CEO, M2P Fintech at the ETBFSI FinNext Summit 2022 said that the Fintech Sector has hit a speed breaker in regards to the funding slowdown but he thinks it's only to accelerate the growth from here in terms of how it is made sure that a lot of unwarranted stuff is cut out. "Investment in Fintechs is like how we personally invest in the market. When the markets crash, we pull back our money and stop as there is a lot of fear. The venture world is no different and I hope that in the next 6-12 months things will start to get back on track". Madhusudan also believes that Indian Fintechs are still at a very early stage and are catering to what he calls first order products that fulfill basic needs. In the next 2-3 years, we'll start looking at second order products like autopilot investment management. He also shared his insights on how open banking is evolving in India very differently from how the world sees it primarily because at the macro level certain things are going very well for India. * 2 days ago CO-LENDING MODEL A SURE SHOT SUCCESS, SAYS MONU RATRA OF IIFL HOME FINANCE * 5 days ago NEXT 5 YEARS TO BE THE BRIGHTEST FOR INDIAN FINTECHS, SAYS LENDENCLUB CEO * 6 days ago CREDIT DEMAND TO REMAIN POSITIVE IN SPITE OF RATE HIKE, NO IMMEDIATE SLOWDOWN, SAYS UMESH REVANKAR View More EDITOR'S PICK * 2 hrs ago INDIA OUTPERFORMS KEY GLOBAL MARKETS IN JUNE, PRIVATE BANKS TOP LOSERS: REPORT * 2 hrs ago LIC'S BUSINESS DRIVERS IN PLACE, EXECUTION REMAINS KEY : REPORT * 2 hrs ago GREEN WASHING NOT ENOUGH, MONEY CONCEPT SHOULD REDEFINE FROM GOLD TO TREE: SONAM WANGCHUK * 15 hrs ago FABLE FORAYS INTO BAHRAIN, PARTNERS WITH BATELCO * 22 hrs ago MFIS MAY SEE IMPROVED PROFITS ON FLEXIBLE LENDING RATES MOST READ * 6 days ago ONECARD SEES SIGNIFICANT NUMBER OF CREDIT CARDS COMING FROM FINTECHS * 1 day ago AVIVA APPOINTS ASIT RATH AS MD & CEO AS AMIT MALIK EXITS * 5 days ago AGE OF 'FORCE FIT' GIVING WAY TO 'CUSTOMIZATION' IN INSURANCE INDUSTRY: RELIANCE GENERAL INSURANCE CEO * 7 days ago MORE OF A STRATEGIC PARTNERSHIP WITH GOOGLE BEYOND THIS FUNDING: PROGCAP CO-FOUNDER ON LATEST FUNDING ROUND * 1 day ago HOW OFFLINE AND ONLINE SELLING HAS CHANGED IN INSURANCE * 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 © 2022 ETBFSI.com. 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