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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 Fintech INCREASED PARTICIPATION IN STOCKS NOT TO SUSTAIN, ONLY ABOUT 10 CR INDIANS HAVE ENOUGH MONEY TO INVEST : NITHIN KAMATH For our FinTech Diary this week, ETBFSI spoke to Nithin Kamath, Founder and CEO, Zerodha, where he highlighted about the importance of financial awareness, and his business performance. Tune in.. LATEST NEWS * 4h hrs ago Sensex rises 2,000 points from June low as crude cools * 4h hrs ago Fed feels rates may need to keep rising for longer * 4h hrs ago Punjab National Bank raises Rs 2,000 crore via Basel III bonds * 4h hrs ago M2P Fintech acquires Finflux to boost digital lending capabilities * 4h hrs ago HDFC Bank increases MCLR on loans by 20 basis points * 4h hrs ago Consumer neo-banking platform Niyo appoints Jagadish B as head of HR * 4h hrs ago Canara Bank hikes MCLR, RLLR on loans: EMIs to go up * 1h hrs ago Fintech companies, NBFCs funded by Chinese money generated Rs 950-cr slush funds in India: ED View More Fintech GLOBAL COMPARABLE REGULATIONS ARE NEEDED FOR CRYPTOCURRENCIES: SWITZERLAND FINANCE SECRETARY In a recent interaction with ETBFSI at Point Zero Forum in Zurich, Daniela Stoffel, State Secretary, State Secretariat for International Finance (SIF), Switzerland talked about her views on cryptocurrency, as of the Swiss government and What risks do you see with cryptocurrency and specifically with decentralized finance (DeFi). Among many other interesting topics, Stoffel also shared her insights on how finTechs in Switzerland shaping up. Banking CREDIT GROWTH LIKELY TO REMAIN HEALTHY, LED BY RETAIL: REPORT As per the report, the overall systemic credit growth was strong at 13 percent YoY and 2 percent QoQ in an otherwise subdued first quarter, led by robust retail growth at 16 percent YoY. 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. 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 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. Industry HIRING CONTINUES TO GROW, BFSI SECTOR GETS HIGHEST FRESHER JOBS: REPORT Hiring spree continued to show growth in the economy while the BFSI sector showed the highest employee costs. View More TOP FEATURED STORIES Insurance / 9 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 / 1 hr ago M2P FINTECH ACQUIRES FINFLUX TO BOOST DIGITAL LENDING CAPABILITIES For M2P, the acquisition will allow it to improve workflow automation and roll out support for lending products. * Fintech / 4 hrs ago FINTECH COMPANIES, NBFCS FUNDED BY CHINESE MONEY GENERATED RS 950-CR SLUSH FUNDS IN INDIA: ED * Fintech / 4 hrs ago GLOBAL COMPARABLE REGULATIONS ARE NEEDED FOR CRYPTOCURRENCIES: SWITZERLAND FINANCE SECRETARY * Fintech / 4 hrs ago INCREASED PARTICIPATION IN STOCKS NOT TO SUSTAIN, ONLY ABOUT 10 CR INDIANS HAVE ENOUGH MONEY TO INVEST : NITHIN KAMATH * Fintech / 4 hrs ago DIGITAL BANKING PLATFORM REVOLUT TO LAUNCH IN FIVE MORE COUNTRIES View More POLICY Policy / 1 hr ago FED FEELS RATES MAY NEED TO KEEP RISING FOR LONGER They viewed maintaining the central bank's credibility to control inflation as crucial. Two-year Treasury yields, which are sensitive to Fed policy, remained higher after release of the minutes. * Policy / 4 hrs ago RBI TAKES STEPS TO ATTRACT DOLLAR IN BID TO CHECK RUPEE'S SLIDE * Policy / 19 hrs ago RBI LIBERALISES NORMS TO BOOST FOREX INFLOWS * Policy / 2 days ago PAYMENT OPERATORS NEED RBI NOD FOR M&A * Policy / 2 days ago RBI LAUNCHES NEXT ROUND OF SURVEY OF MANUFACTURING COMPANIES View More NBFC * CO-LENDING EASING CAPITAL ISSUES FOR NBFCS: GODREJ CAPITAL * SHRIRAM TRANSPORT FINANCE GETS SHAREHOLDERS, CREDITORS NOD FOR MERGER * FIRED EXECS DIDN’T IMPACT OPS, LIQUIDITY, SAYS AXIS MF * 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 View More MORE FROM ETBFSI * Financial Services / 4h hrs ago SENSEX RISES 2,000 POINTS FROM JUNE LOW AS CRUDE COOLS Falling crude oil prices, slower pace of selling by foreign funds and a steady global market helped the sensex post a 617-point gain on Wednesday, closing at 53,751 with FMCG, financials and IT stocks leading the rally. * Policy / 4h hrs ago FED FEELS RATES MAY NEED TO KEEP RISING FOR LONGER They viewed maintaining the central bank's credibility to control inflation as crucial. Two-year Treasury yields, which are sensitive to Fed policy, remained higher after release of the minutes. * Banking / 4h hrs ago PUNJAB NATIONAL BANK RAISES RS 2,000 CRORE VIA BASEL III BONDS The Delhi-based lender said it issued a total of 2,000 bonds to 20 allottees on Wednesday.Stock of PNB closed at Rs 29.95 apiece on BSE, up by 0.84 per cent from its previous close. * Fintech / 4h hrs ago M2P FINTECH ACQUIRES FINFLUX TO BOOST DIGITAL LENDING CAPABILITIES For M2P, the acquisition will allow it to improve workflow automation and roll out support for lending products. * Banking / 4h hrs ago HDFC BANK INCREASES MCLR ON LOANS BY 20 BASIS POINTS This will raise the cost of housing, vehicle, personal, and other loans, and borrowers will see a rise in equated monthly instalments (EMI) for different types of loans. * Banking / 4h hrs ago CONSUMER NEO-BANKING PLATFORM NIYO APPOINTS JAGADISH B AS HEAD OF HR Jagadish brings with him 25+ years of leadership experience in people processes. In his previous stint, he was associated with Thinksynq Solutions as a partner. In the past, he has held HR leadership positions for Vodafone and Bharti Airtel. * Banking / 4h hrs ago CANARA BANK HIKES MCLR, RLLR ON LOANS: EMIS TO GO UP Canara Bank has raised its marginal cost of funds-based lending rate (MCLR) and repo-linked lending rate (RLLR) across tenors with effect from July 7, 2022. * Fintech / 1h hrs ago FINTECH COMPANIES, NBFCS FUNDED BY CHINESE MONEY GENERATED RS 950-CR SLUSH FUNDS IN INDIA: ED The Enforcement Directorate (ED), therefore, recently attached Rs 86.65 crore worth funds lying in a total of 155 bank and payment gateway accounts of NBFCs like Kudos Finance and Investments Private Limited, Acemoney (India) Limited, Rhino Finance Private Limited and Pioneer Financial and Management Services Private Limited and their linked fintech companies. 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 * GLOBAL COMPARABLE REGULATIONS ARE NEEDED FOR CRYPTOCURRENCIES: SWITZERLAND FINANCE SECRETARY * WILL THE CRYPTO WINTER SHUT SMALLER EXCHANGES OR LEAD TO ACQUISITION BY BIGGER WHALES? * 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 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. * 3 days ago CO-LENDING MODEL A SURE SHOT SUCCESS, SAYS MONU RATRA OF IIFL HOME FINANCE * 6 days ago NEXT 5 YEARS TO BE THE BRIGHTEST FOR INDIAN FINTECHS, SAYS LENDENCLUB CEO * 7 days ago CREDIT DEMAND TO REMAIN POSITIVE IN SPITE OF RATE HIKE, NO IMMEDIATE SLOWDOWN, SAYS UMESH REVANKAR View More EDITOR'S PICK * 3 hrs ago GLOBAL COMPARABLE REGULATIONS ARE NEEDED FOR CRYPTOCURRENCIES: SWITZERLAND FINANCE SECRETARY * 4 hrs ago INCREASED PARTICIPATION IN STOCKS NOT TO SUSTAIN, ONLY ABOUT 10 CR INDIANS HAVE ENOUGH MONEY TO INVEST : NITHIN KAMATH * 4 hrs ago CREDIT GROWTH LIKELY TO REMAIN HEALTHY, LED BY RETAIL: REPORT * 21 hrs ago HIRING CONTINUES TO GROW, BFSI SECTOR GETS HIGHEST FRESHER JOBS: REPORT * 1 day ago INDIA OUTPERFORMS KEY GLOBAL MARKETS IN JUNE, PRIVATE BANKS TOP LOSERS: REPORT MOST READ * 2 days ago LIC TO INVEST RS 80.67 CRORE IN RIGHTS ISSUE OF ITS NEPAL JOINT VENTURE * 7 days ago ONECARD SEES SIGNIFICANT NUMBER OF CREDIT CARDS COMING FROM FINTECHS * 2 days ago AVIVA APPOINTS ASIT RATH AS MD & CEO AS AMIT MALIK EXITS * 6 days ago AGE OF 'FORCE FIT' GIVING WAY TO 'CUSTOMIZATION' IN INSURANCE INDUSTRY: RELIANCE GENERAL INSURANCE CEO * 2 days 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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