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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 * BFSI CONCLAVE 2023 BFSI : Serving the Changing World * 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 EXPLAINED: INDIA’S GOLD LOAN MARKET, SHARE OF BANKS AND NBFCS NBFCs are facing stiff competition from banks. Despite India being the largest market for gold loans, why have banks just woken up now and are expanding aggressively? Are they sensing some big opportunity? Will this adversely affect the NBFCs that have established a niche in the market? Here's a detailed explainer of the gold loan industry and the presence of each stakeholder. LATEST NEWS * 3h hrs ago Government should cut holding in public sector banks to under 50% * 3h hrs ago India's economic growth appears to be very fragile, says RBI monetary policy committee member Varma * 3h hrs ago Focus on Adani, LIC, eco data in crucial week for market * 3h hrs ago IT & bank stocks could throw up money-making opportunities. Here's why * 12h hrs ago India asks IMF, FSB to prepare technical paper on crypto assets * 12h hrs ago FM Sitharaman meets heads of World Bank, IMF; discusses debt restructuring * 12h hrs ago G20 members agree to work on multilateral banks’ reform * 21h hrs ago Budget Delivers a Futuristic Blueprint for India’s Virtuous Cycle of Growth View More Financial Services FINANCIAL CLOSURE OF REALTY PROJECTS MAY BE HIT AS LOAN RATES RISE Many developers have seen their borrowing costs rise by 100-150 bps over the past year. If rates continue to rise, it could impact sales and make it more difficult to secure loans. Fintech AXIS BANK'S SAMEER SHETTY SHARES KEY POINTS TO WATCH FOR IN CREDIT UNDERWRITING While India's digital lending market is expanding every day, over recent times bad loans and regulatory gaze has also tempered the pace of growth of this pace. In a fireside chat at ETCIO BFSI Digital Conclave, Sameer Shetty, President & Head - Digital Business & Transformation, Axis Bank speaks on how digital lenders can avoid defaults from customers, how they can strengthen their underwriting capabilities and much more. Here's what he said : Financial Services WHAT WILL IT TAKE TO MAKE DIGITAL RUPEE AS GOOD AS CASH? India has acted fast and is moving swiftly toward adoption of its digital currency. In fact, a few banks have already begun informing their clients about the advantages of e-Rupee and how to connect bank accounts to CBDC wallets. Industry HOW SAAS-BASED MODELS CAN HELP MID-LEVEL ENTERPRISES TRANSFORM ACCOUNTS PAYABLE? Currently, most payments administered by MMEs accounts payable (“AP”) departments struggle under the weight of analogue processes or disparate and complex point systems that partially automate processes. For fast-growing MMEs, inefficiencies associated with traditional invoice management impact processing cycles and costs, optimal cash flow management and supplier negotiations. Editor's View SINGAPORE, INDIA PAYMENTS AT A CLICK This week India and Singapore launched cross-border payment linkage. The payment will be routed through India’s Unified Payment Interface (UPI) and Singapore’s PayNow. Shaktikanta Das, Governor of RBI and Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS) transferred funds to each other in the presence of the Prime Minister of both countries. Das used his UPI id of the State Bank of India (SBI) and Menon used his UBS Bank account and LiquidPay app and transferred money in real-time. Financial Services SBI, LICHF CUT BOND ISSUE SIZE AS YIELDS TOP 8 PERCENT SBI has raised Rs 4,544 crore AT1 bonds out of the planned issue size of Rs 10,000 crore at 8.20 percent, while LIC Housing Finance raised Rs 1,150 crore against an indicated up to Rs 3,000 crore View More TOP FEATURED STORIES Financial Services / 5 days ago UPI-PAYNOW LAUNCH: HOW IT WILL WORK, WHICH BANKS FACILITATE PAYMENT? India and Singapore has jointly launched the UPI-PayNow linkage in presence of Prime Ministers of both the countries. The product is a result of extensive collaboration between RBI, MAS, and Payment System Operators of both countries. Here’s how this system will work, and the banks involved from both the countries to facilitate the payment: * NBFC ‘ON COLLECTION SIDE, WORK NEEDS TO BE DONE ON MAKING IT EASY TO REPAY’: MD & CEO, GODREJ CAPITAL * Industry 5 KEY MEASURES INDIA ADOPTED TO STAY AHEAD OF GLOBAL PEERS IN VOLATILE ECONOMY * Industry ADANI SAGA: FROM HINDENBURG, FPO TO RBI’S LOAN REVIEW * Fintech KISAN DRONES SET TO REVOLUTIONISE AGRI-LENDING; MORE AWARENESS, ADAPTATION REQUIRED: AGRITECH EXPERTS View More BLOG * Rohit Garg - Co-Founder & CEO, SmartCoin LENDING ECOSYSTEM UNDER RBI SCRUTINY | STANDARDS, NORMS, INDUSTRY & CONSUMER IMPACT AND THE WAY FORWARD * FROM HIGH-STAKES TO HIGH-GROWTH: HOW BOOTSTRAPPING CAN BE A GAME CHANGER FOR INDIAN STARTUPS * Syed Hasan Jafar - Associate Professor, HOD of Finance and Director of Bloomberg Lab at Woxsen University. INDIAN FINTECH ROADMAP: PROJECTION FOR THE NEXT DECADE * Mr. Rikhil Shah - CFO, SBI General Insurance CFO IMPERATIVES AMIDST THE CHANGING LANDSCAPE OF INDIA'S INSURANCE SECTOR * Nilesh Sathe - Former Member, IRDAI UNION BUDGET IS A TOTAL WHITEWASH FOR INSURANCE SECTOR * Ankur Nijhawan INSURANCE IN FOCUS: 2022 TRENDS AND 2023 OUTLOOK View More FINTECH Fintech / 2 days ago MITTAL TO MERGE AIRTEL PAYMENTS WITH PAYTM? Telecom tycoon Sunil Mittal is seeking a stake in Paytm by merging his financial services unit into the fintech giant's payments bank, according to people with knowledge of the matter. * Fintech / 2 days ago AXIS BANK'S SAMEER SHETTY SHARES KEY POINTS TO WATCH FOR IN CREDIT UNDERWRITING * Fintech / 2 days ago COLLABORATION OR STANDALONE?: HERE’S HOW FINTECHS SEE NBFCS IN MSME LENDING * Fintech / 3 days ago UPI MAY EXTEND TO UAE, MAURITIUS & INDONESIA * Fintech / 3 days ago UPI REDEFINES INDIA'S DIGITAL PAYMENT INFRASTRUCTURE OVER YEARS View More POLICY Policy / 2 days ago US REGULATORS WARN BANKS TO BE ON ALERT FOR CRYPTO-RELATED LIQUIDITY RISKS In a joint statement issued Thursday, the Federal Reserve, Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency said banks should have robust tools in place to monitor funds placed by crypto-asset related entities. * Policy / 2 days ago RBI IMPOSES RESTRICTIONS ON 5 CO-OPERATIVE BANKS * Policy / 3 days ago NEED GLOBAL FRAMEWORK ON CRYPTOCURRENCIES: FM SITHARAMAN * Policy / 3 days ago NOT SUFFICIENT EMPHASIS ON JOBS IN FY24 BUDGET, SAYS FORMER RBI GOVERNOR SUBBARAO * Policy / 3 days ago MPC DECISION REFLECTS HETEROGENOUS CONGLOMERATE, FURTHER RATE HIKE LIKELY: SBI REPORT View More NBFC * MICROFINANCE INDUSTRY GROWS 26% YEAR-ON-YEAR TO RS 3.24 LAKH CRORE BY DECEMBER END * COLLABORATION OR STANDALONE?: HERE’S HOW FINTECHS SEE NBFCS IN MSME LENDING * AUTHUM SEEKS REVIEW OF APPRAISAL MATRIX IN SREI INSOLVENCY * ASK FINANCE CLOSES RS 40 CRORE DEBT TRANSACTION WITH SOWPARNIKA PROJECTS & INFRASTRUCTURE * HOW PROPOSED AMENDMENTS IN MLD MARKET WILL IMPACT NBFC BUSINESS? * NARCL LIKELY TO REVIVE SREI GROUP'S INFRA FINANCING ARM SIFL, WIND UP SEFL AFTER DEBT RECOVERY * RBI APPOINTS VIKRAMADITYA SINGH KHICHI IN ADVISORY PANEL OF RELIANCE CAPITAL * EMBASSY REIT RAISES RS 1,000 CRORE DEBT FROM BAJAJ HOUSING FIN TO REPAY EXISTING LOANS, SAVE INTEREST COST * UDAANCAPITAL DISBURSES INR 4000+ CRORES IN SUPPLY CHAIN FINANCING TO 2,500+ MSMES * MUTHOOT FINCORP INTRODUCES COLLATERAL-FREE DAILY INSTALMENT LOANS FOR MICRO AND SMALL BUSINESSES. * BAJAJ FINANCE OFFERS SPECIAL TENURES TO EARN HIGHER RETURNS ON FD RATES * OPTIMUM NET INTEREST MARGIN FOR NBFC-MFIS SHOULD BE 11-11.5%: FUSION MICROFINANCE MD * KOTAK MAHINDRA BANK ACQUIRES MICROLENDER SONATA FOR RS 537 CR IN ALL CASH DEAL * RELIGARE ENTERPRISES Q3 RESULTS: STANDLONE NET LOSS WIDENS TO RS 11.72 CRORE * ‘ON COLLECTION SIDE, WORK NEEDS TO BE DONE ON MAKING IT EASY TO REPAY’: MD & CEO, GODREJ CAPITAL * 2,310 MSMES GOT OVER ₹651CR LOAN UNDER ECLGS IN ’22-23 * MORE NON-BANKS, MSMES LIKELY TO TAP TREDS PLATFORM * MICROFINANCE ASSETS GROW 20% IN Q2 OF FY23, GROWTH MOMENTUM IMPROVING * RATE HIKES WILL NOT IMPACT NBFCS' COLLECTIONS: ICRA * BUDGET 2023-24 WILL GIVE BOOST TO FUND-STARVED SECTORS: MSME SECRETARY SWAIN View More MORE FROM ETBFSI * Banking / 3h hrs ago GOVERNMENT SHOULD CUT HOLDING IN PUBLIC SECTOR BANKS TO UNDER 50% The panel has proposed an age limit of 65 years for CEOs and wholetime directors of private sector banks. Once implemented, lenders like IndusInd Bank and HDFC Bank would have to identify successors for Romesh Sobti and Aditya Puri in the next two years. * Banking / 3h hrs ago INDIA'S ECONOMIC GROWTH APPEARS TO BE VERY FRAGILE, SAYS RBI MONETARY POLICY COMMITTEE MEMBER VARMA * Insurance / 3h hrs ago FOCUS ON ADANI, LIC, ECO DATA IN CRUCIAL WEEK FOR MARKET Developments around the Adani controversy, value of LIC's portfolio of stocks from the group, and the trajectory of the life insurer's share price that's near its all-time low is sure to weigh on sentiment, market players said. * Banking / 3h hrs ago IT & BANK STOCKS COULD THROW UP MONEY-MAKING OPPORTUNITIES. HERE'S WHY “The next two, three years remains positive for the PSU banking space. Even in some housing finance companies, while their liabilities are fixed in nature, their assets, which are the loans that they give out, are variable. As a result, in a rising interest rate environment, they will see expansion in margins. Private sector banks remain lucrative. This is a buy on dips, not a sell on rallies kind of space.” * Financial Services / 12h hrs ago INDIA ASKS IMF, FSB TO PREPARE TECHNICAL PAPER ON CRYPTO ASSETS The paper could be used to formulate a coordinated and comprehensive policy to regulate crypto assets. * Industry / 12h hrs ago FM SITHARAMAN MEETS HEADS OF WORLD BANK, IMF; DISCUSSES DEBT RESTRUCTURING The roundtable with World Bank President David Malpass and IMF managing director Kristalina Georgieva held on the sidelines of the first G20 Finance Ministers and Central Bank Governors meeting here discussed the issue of debt restructuring challenges and debt vulnerabilities. * Banking / 12h hrs ago G20 MEMBERS AGREE TO WORK ON MULTILATERAL BANKS’ REFORM G20 members have agreed to support India’s proposal on developing a roadmap for reform of multilateral development banks (MDBs), such as the World Bank, with finance minister Nirmala Sitharaman also claiming “success” in moving towards a common position on debt restructuring of poor and developing countries, with Sri Lanka among four identified for faster resolution. * Industry / 21h hrs ago BUDGET DELIVERS A FUTURISTIC BLUEPRINT FOR INDIA’S VIRTUOUS CYCLE OF GROWTH The union budget 2023-24 is a futuristic blueprint for overall infrastructural development and managed to provide the bottom of the pyramid with inclusive policies while maintaining fiscal discipline. India has been a consumption-driven economy for long and in the recent past the government has shifted to an investment-driven focus. 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. BFSI VIDEOS * PANEL DISCUSSION: ENCASHING FINTECH COLLABORATIONS AND PARTNERSHIPS Synopsis: BFSI have a very unique culture and power structure, which exemplify typical hierarchical organizations with little incentive to promote innovation, risk-taking, and experimentation. However, that is being shattered by the FinTechs with their novel way of working without silos. With BFSI entering partnerships with FinTechs, they can gain a different work culture and innovation mindset, along with the technological stack and expertise. This session will explore how BFSI and Fintechs can work in a symbiotic way and gain much from their partnerships.Moderator: Amol Dethe, Editor, ETBFSIPanelists:Goutam Datta, CIO & CDO, Bajaj Allianz Life InsuranceAbhijit Singh, CIO & CDO, HDFC LtdSandeep Ubale, CGM-Digital Transformation & e-Commerce, State Bank of IndiaJithesh PV, VP & Head-Fintech Partnerships, Federal BankA Balakrishnan, Director, Google Cloud IndiaHimanshu Mody, Founder & CEO, Tekno Point * 2 days ago FIRESIDE CHAT: IN THE WORLD OF SUPER APPS * 2 days ago PANEL DISCUSSION: DEALING WITH THE SPEED OF INNOVATIONS * 2 days ago FIRESIDE CHAT: THE FUTURE OF DIGITAL LENDING View More CRYPTOCURRENCY * INDIA ASKS IMF, FSB TO PREPARE TECHNICAL PAPER ON CRYPTO ASSETS * EU CALLS FOR FAST TRACK CRYPTO CAPITAL RULES FOR BANKS * EU CALLS FOR FAST-TRACK CRYPTO CAPITAL RULES FOR BANKS * GLOBAL FINTECH INVESTMENTS MORE THAN HALVE IN H2 OF 2022 SEQUENTIALLY AS FUNDING WINTER WORSENS * FED'S WALLER SAYS CRYPTOCURRENCY BUYERS COULD LOSE THEIR ENTIRE INVESTMENTS * G20 EXPLORING CRYPTOCURRENCY REGULATION, NIRMALA SITHARAMAN SAYS * ECONOMIC SURVEY 2023: WHAT'S IN IT FOR ECOMMERCE AND CRYPTOCURRENCY SECTORS * INDIA SHOULD CONSIDER REDUCING TDS RATE ON CRYPTOCURRENCY TRADE: REPORT * BINANCE MOVED $346 MILLION FOR SEIZED CRYPTO EXCHANGE BITZLATO, DATA SHOW View More EDITOR'S PICK * 2 hrs ago FINANCIAL CLOSURE OF REALTY PROJECTS MAY BE HIT AS LOAN RATES RISE * 3 hrs ago EXPLAINED: INDIA’S GOLD LOAN MARKET, SHARE OF BANKS AND NBFCS * 1 day ago BUDGET DELIVERS A FUTURISTIC BLUEPRINT FOR INDIA’S VIRTUOUS CYCLE OF GROWTH * 2 days ago WHAT WILL IT TAKE TO MAKE DIGITAL RUPEE AS GOOD AS CASH? * 2 days ago HOW SAAS-BASED MODELS CAN HELP MID-LEVEL ENTERPRISES TRANSFORM ACCOUNTS PAYABLE? MOST READ * 2 days ago LIC STARES AT A LOSS ON ADANI INVESTMENTS, FROM 100% GAINS LAST MONTH * 6 days ago NRI DEPOSITS JUMP 76% IN APR-DEC AS RBI RATE MEASURE LURES INFLOWS * 5 days ago HOW WILL BRINGING IN INSURANCE PLAYERS INTO TREDS BENEFIT MSMES? * 7 days ago EXPLAINED: HOW ANGEL TAX AMENDMENTS WORRISOME FOR STARTUPS? * 7 days ago HOW STRONG ARE PSU BANKS HEADING INTO FY24? * 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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