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Banking


US BANKS REPORT POSITIVE GROWTH METERS, MINDFUL OF RECESSION: REPORT

US banks have reported contained operating costs and positive loan growth
outlook while revenues had to face slippages due to market conditions. Banks are
seeing better credit card spends and acquisitions but are still looking out for
risks due to recession.


LATEST NEWS

 * 5h hrs ago Explained: How India emerged to be Sri Lanka's top lender in 2022
 * 5h hrs ago IRDAI gives insurers freedom to empanel hospitals for cashless
   treatment
 * 5h hrs ago Explosion of MSME financing on power of data will be seen: VC &
   MD, U GRO Capital
 * 5h hrs ago Funding drought: FinTech investments drop 33% in Q2 of 2022, but
   there is a silver lining
 * 5h hrs ago MasterCard joins JPMorgan, Citi in exploring quantum banking
 * 5h hrs ago India’s fintech adoption at 80% compared to 64% globally: Som
   Parkash, MoS-Commerce & Industry, GoI
 * 5h hrs ago IIFL Finance appoints Gaurav Sharma as Chief Technology Officer
 * 5h hrs ago Unsecured lending picking up amidst falling delinquencies

View More
Blog

BFIS SHOULD GEAR UP TO FACE CLIMATE CHANGE CHALLENGES

Banks in India are becoming increasingly conscious of their catalyst role as
financier to industries. Aggregate outstanding bank credit to non conventional
energy has been Rs.36500 crores as on March,2020. Green bonds issued in 2021
have been strongest ever since first issuance in 2015.

Fintech

RBI WORKING ON IMPLEMENTING CBDC FOR RETAIL, WHOLESALE SEGMENTS: RBI ED

"Indian FinTechs have transformed not just business models for the industry, but
also of the life of a common man, but FinTechs still have a long way to go,"
said Ajay Kumar Choudhary, RBI ED, at the PICUP FinTech 2022 event, organised by
FICCI. He spoke about how he wishes India to soon become a FinTech hub, and
threw light on the importance of FinTechs. He also spoke about RBI's
initiatives, and FinTech revolution in India, while delivering the keynote
address.

Financial Services

'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.

Fintech

FINTECHS ACCOUNT FOR 10% OF LAYOFFS IN START-UP WORLD IN Q2

Of the 117 unicorns that have announced layoffs since the start of 2022, most
have been by fintech firms, followed by crypto and real estate.

Banking

HOW INDIA'S BANK DEPOSIT INSURANCE SYSTEM STACKS GLOBALLY

About 98 per cent of all accounts in India are fully protected with deposit
insurance against 80 per cent globally.

Banking

GOVT MOVES TO STRENGTHEN BOARDS OF PUBLIC SECTOR BANKS

The government is looking to amend the Banking Companies (Acquisition and
Transfer of Undertaking) Act to specify terms of office and conditions of
service for whole-time directors.

View More


TOP FEATURED STORIES

Banking / 17 days ago


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

Ever since the pandemic, BFSI companies have been opting for technological
advancements, and have switched to data centers, cloud systems, etc. Celine Le
Cotonnec, Chief Data Innovation Officer, Bank of Singapore, spoke to ETBFSI, on
the sidelines of the Point Zero Forum in Zurich, on this emerging trend. Read
the full interview here.

 * 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'

 * Insurance
   
   'PIRAMAL ELIGIBLE TO BID FOR RCAP'S GENERAL AND HEALTH INSURANCE BIZ'

View More


BLOG

 * 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

 * Rasleen Kaur - Head – Corporate Strategy and Investor Relations,
   Policybazaar.com
   
   TRANSFORMING THE DISTRIBUTION-CONTROLLED INSURANCE INDUSTRY WITH DIGITIZATION

View More


FINTECH

Fintech / 7 mins ago


FUNDING DROUGHT: FINTECH INVESTMENTS DROP 33% IN Q2 OF 2022, BUT THERE IS A
SILVER LINING

But fund flow in FinTechs during Q2 was 68.6 per cent higher than the $12.1
billion invested in Q2 of 2020. While this year will be far more muted for
FinTech investment globally, it is still on track to crush the 2020 numbers.

 * Fintech / 7 mins ago
   
   INDIA’S FINTECH ADOPTION AT 80% COMPARED TO 64% GLOBALLY: SOM PARKASH,
   MOS-COMMERCE & INDUSTRY, GOI

 * Fintech / 7 mins ago
   
   EXPLOSION OF MSME FINANCING ON POWER OF DATA WILL BE SEEN: VC & MD, U GRO
   CAPITAL

 * Fintech / 14 hrs ago
   
   FINTECH STARTUP BACKSPACE TECH RAISES $450,000

 * Fintech / 20 hrs ago
   
   RBI WORKING ON IMPLEMENTING CBDC FOR RETAIL, WHOLESALE SEGMENTS: RBI ED

View More


POLICY

Policy / 18 mins ago


RBI'S RUPEE TRADE SETTLEMENT A STEP TOWARDS INTERNATIONALISATION OF RUPEE:
EXPERTS

The recent announcement by the Reserve Bank of India (RBI) to allow cross border
trade transactions in rupee is a timely move and a step towards
internationalisation of the currency, according to experts.

 * Policy / 23 mins ago
   
   INTRODUCE RESTRICTED DIGITAL BUSINESS BANK AND CONSUMER BANK LICENCE: NITI
   AAYOG

 * Policy / 14 hrs ago
   
   IN TOUCH WITH AUTHORITIES TO RESOLVE COOPERATIVES' CONCERNS ON RBI
   REGULATIONS: AMIT SHAH

 * Policy / 23 hrs ago
   
   RBI, GOVT UNLIKELY TO COME WITH IMD-LIKE SPECIAL SCHEMES TO SALVAGE RUPEE

 * Policy / 23 hrs ago
   
   RBI SELLING DOLLARS TO MEET GAPS AS EXCHANGE-RATE FAIR

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

 * Industry / 5h hrs ago
   
   
   EXPLAINED: HOW INDIA EMERGED TO BE SRI LANKA'S TOP LENDER IN 2022
   
   Crisis-hit Sri Lanka found most support in neighbour India as it emerged to
   be the island nation's source of assistance amidst the economic collapse.

 * Insurance / 5h hrs ago
   
   
   IRDAI GIVES INSURERS FREEDOM TO EMPANEL HOSPITALS FOR CASHLESS TREATMENT
   
   Earlier, only those network providers which were registered in the Hospital
   Registry ROHINI maintained by Insurance Information Bureau (IIB) could be
   empanelled by the insurers.

 * Fintech / 5h hrs ago
   
   
   EXPLOSION OF MSME FINANCING ON POWER OF DATA WILL BE SEEN: VC & MD, U GRO
   CAPITAL
   
   According to Sachindra Nath, VC & MD, U GRO Capital, historically, MSME
   financing has been largely based on ‘collateral lead financing’ done through
   physical assessment but that is changing and will accelerate further in the
   years to come.

 * Fintech / 5h hrs ago
   
   
   FUNDING DROUGHT: FINTECH INVESTMENTS DROP 33% IN Q2 OF 2022, BUT THERE IS A
   SILVER LINING
   
   But fund flow in FinTechs during Q2 was 68.6 per cent higher than the $12.1
   billion invested in Q2 of 2020. While this year will be far more muted for
   FinTech investment globally, it is still on track to crush the 2020 numbers.

 * Banking / 5h hrs ago
   
   
   MASTERCARD JOINS JPMORGAN, CITI IN EXPLORING QUANTUM BANKING
   
   Quantum computing is emerging as a potential gamechanger in sectors like
   banking, where quantum algorithms could be applied to problems in Value at
   Risk (VAR) calculations and portfolio volatility optimisation.

 * Fintech / 5h hrs ago
   
   
   INDIA’S FINTECH ADOPTION AT 80% COMPARED TO 64% GLOBALLY: SOM PARKASH,
   MOS-COMMERCE & INDUSTRY, GOI
   
   Som Parkash, Minister of State for Commerce & Industry on Wednesday, spoke
   about the robust adoption of fintechs in the country and how its time to
   convert fintech initiatives into fintech revolution to make every Indian
   citizen empowered financially. Also speaking at the event, V. Anantha
   Nageswaran, Chief Economic Adviser of India, elaborated on the depreciating
   value of rupee, inequality, climate and economic instability. Here are the
   highlights from Day 1 of the 3-day FinTech Festival India, New Delhi.

 * NBFC / 5h hrs ago
   
   
   IIFL FINANCE APPOINTS GAURAV SHARMA AS CHIEF TECHNOLOGY OFFICER
   
   Sharma is a technology and digital transformation specialist with over 27
   years of experience. He was in the CTO role at Poonawalla Fincorp and L&T
   Financial Services previously.

 * Financial Services / 5h hrs ago
   
   
   UNSECURED LENDING PICKING UP AMIDST FALLING DELINQUENCIES
   
   Borrowers inquiring about personal loans increased by 141 percent for the
   three month period ending May 2022 compared to 93 percent growth in inquiries
   for the three month period ended March' 2022, according to data released by
   credit bureau Transunion Cibil.

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CRYPTOCURRENCY

 * "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

 * BITBNS INTRODUCES TAX SHIELD TO 'AVOID' TDS ON SIP INVESTMENTS IN CRYPTOS

 * RUSSIA TO IMPROVE CRYPTO TRANSACTION MONITORING AS REGULATION DRAWS CLOSER

View More


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 (2021).

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

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

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

View More


EDITOR'S PICK

 * 7 mins ago
   
   EXPLOSION OF MSME FINANCING ON POWER OF DATA WILL BE SEEN: VC & MD, U GRO
   CAPITAL

 * 7 mins ago
   
   FUNDING DROUGHT: FINTECH INVESTMENTS DROP 33% IN Q2 OF 2022, BUT THERE IS A
   SILVER LINING

 * 7 mins ago
   
   INDIA’S FINTECH ADOPTION AT 80% COMPARED TO 64% GLOBALLY: SOM PARKASH,
   MOS-COMMERCE & INDUSTRY, GOI

 * 7 mins ago
   
   MASTERCARD JOINS JPMORGAN, CITI IN EXPLORING QUANTUM BANKING

 * 16 hrs ago
   
   US BANKS REPORT POSITIVE GROWTH METERS, MINDFUL OF RECESSION: REPORT


MOST READ

 * 6 days ago
   
   PSU BANKS TO GO LIVE ON ACCOUNT AGGREGATOR SYSTEM BY JULY-END

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

 * 7 days ago
   
   INSURTECHS ORCHESTRATING GREAT CHANGE, ALMOST INTEGRAL FOR SECTORAL GROWTH:
   TURTLEMINT CEO

 * 6 days ago
   
   FINTECH PLAYERS USING LOCATION DATA MAY BE HIT BY NPCI'S CONSENT RULE

 * 6 days ago
   
   PHYGITAL MODEL TO ADDRESS CHALLENGES AND EXPAND IN RURAL BHARAT: EXPERTS

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