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Banking


WHAT LESSONS INDIAN BANKS CAN LEARN FROM SILICON VALLEY BANK COLLAPSE

Indian banks are mostly secured with its diverse deposit sources, but the
downfall of SVB still has important lessons for them about not concentrating any
kind of risk. BCG lists several measures.


LATEST NEWS

 * 3h hrs ago Currency in circulation at Rs 31.22 lakh crore as of March 2022
 * 3h hrs ago E-rupee worth over Rs 130 crore in circulation: Nirmala Sitharaman
 * 3h hrs ago RBI clears IndusInd CEO for 2 more years
 * 3h hrs ago LIC's debt exposure to Adani Group at Rs 6,183 cr, down marginally
   from Dec: FM Sitharaman
 * 3h hrs ago IRDAI mandates creation of new standardised cover for mental
   illnesses; will it be easier buy insurance now?
 * 3h hrs ago Startups must find ways to survive winter: Singapore Monetary
   Authority official
 * 3h hrs ago India's retail inflation slows to 6.4% in Feb, stays above RBI's
   tolerance limit for second straight month
 * 3h hrs ago Sebi looking into 'market allegations' against Adani: Finance
   Ministry

View More
NBFC

‘FIRST-MOVER ADVANTAGE, SPEED OF EXECUTION PIVOTAL IN OUR INNOVATION JOURNEY’:
ABHAY BHUTADA, MD POONAWALLA FINCORP

In an exclusive interview with ETBFSI, Abhay Bhutada, the Managing Director of
Poonawalla Fincorp shared his views on MSME businesses, how was this fiscal for
the company, and most importantly how the innovative products in the sector are
helping it to grow. Here are the excerpts:

Insurance

ALIGN INDIAN INSURERS AT PAR WITH GLOBAL STANDARDS FOR GREATER PENETRATION:
STUDY

The study by the National Insurance Academy of India and RIMS found that Indian
insurers do not have the freedom to issue customised policy wordings, offer
loss-limit based policies, or increase deductibles for commercial policyholders.

Banking

SILICON VALLEY BANK CRISIS: STUNNING 48 HOURS OF COLLAPSE

Starting from Wednesday’s announcement on selling of securities at a loss to
Friday’s move on halt on trading, the stunning development of Silicon Valley
Bank (SVB) unfolded in 48 hours leaving the start-up industry in an awe. Here’s
a recap:

Industry

UK PM RISHI SUNAK’S MESSAGE OF REASSURANCE ON SILICON VALLEY BANK CRISIS

In his LinkedIn post, UK's Prime Minister Rishi Sunak said that the customers of
Silicon Valley Bank UK will be able to access their deposits and banking
services as normal from today itself because SVB's UK arm has been sold to HSBC.

Industry

WHY SILICON VALLEY BANK FAILED DESPITE HUGE DEPOSITS, PRUDENT LENDING POLICIES

SVB made a conservative decision to increase its investment in "safe"
securities. However, the bank severely misjudged the duration risk.

Banking

HSBC ACQUIRES SILICON VALLEY BANK UK FOR £1; GETS DEPOSITS WORTH US$ 8.1 BLN

HSBC chief executive Noel Quinn said the acquisition of Silicon Valley Bank
makes "excellent strategic sense" for the it's UK business and strengthens
HSBC's commercial banking franchise and enhances the ability to serve innovative
and fast-growing firms.

View More


TOP FEATURED STORIES

NBFC / 3 days ago


WHAT IS LEAN SCHEME: GOVT’S ROADMAP TO GLOBAL COMPETITIVENESS FOR MSMES

Government will contribute 90% of implementation cost for handholding and
consultancy fees under the sheme. There will be an additional contribution of 5%
for the MSMEs which are part of SFURTI clusters, owned by Women/SC/ST and
located in NER.

 * Banking
   
   EXPLAINED: INDIA’S GOLD LOAN MARKET, SHARE OF BANKS AND NBFCS

 * Fintech
   
   AXIS BANK'S SAMEER SHETTY SHARES KEY POINTS TO WATCH FOR IN CREDIT
   UNDERWRITING

 * Banking
   
   AMID GLOBAL LAYOFFS, HERE’S HOW BFSI SECTOR PERFORMED AS EMPLOYER

 * Financial Services
   
   UPI-PAYNOW LAUNCH: HOW IT WILL WORK, WHICH BANKS FACILITATE PAYMENT?

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

 * Mr. Rikhil Shah - CFO, SBI General Insurance
   
   CFO IMPERATIVES AMIDST THE CHANGING LANDSCAPE OF INDIA'S INSURANCE SECTOR

 * Syed Hasan Jafar - Associate Professor, HOD of Finance and Director of
   Bloomberg Lab at Woxsen University.
   
   INDIAN FINTECH ROADMAP: PROJECTION FOR THE NEXT DECADE

 * 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 hrs ago


STARTUPS MUST FIND WAYS TO SURVIVE WINTER: SINGAPORE MONETARY AUTHORITY OFFICIAL

Silicon Valley Bank's abrupt collapse -- that unfolded in a matter of hours
earlier last week -- has left Silicon Valley entrepreneurs unnerved and jittery.
Federal Deposit Insurance Corporation on Friday seized the assets of Silicon
Valley Bank -- the action reportedly in the middle of the business day
highlighted the severity of the situation.

 * Fintech / 21 hrs ago
   
   REGULATION CAN PLAY SUPPORTING ROLE FOR FINTECH ECOSYSTEM: RBI DY GUV

 * Fintech / 22 hrs ago
   
   SOME FINTECHS WILL FAIL SOON, WE’LL INVEST AFTER THAT: QED

 * Fintech / 22 hrs ago
   
   BILLIONS WORTH OF CRYPTO TRADES AT RISK AS BANK SHUTDOWNS TAKE TOLL

 * Fintech / 23 hrs ago
   
   TOP PAYMENT TRENDS TO WATCH OUT FOR IN FY24

View More


POLICY

Policy / 2 hrs ago


RBI CLEARS INDUSIND CEO FOR 2 MORE YEARS

The Reserve Bank of India (RBI) has approved the reappointment of Sumant
Kathpalia as MD & CEO of IndusInd Bank for two years from March 24.

 * Policy / 1 day ago
   
   INFLATION EXPECTED TO COME DOWN OVER THE YEAR: RBI MPC MEMBER ASHIMA GOYAL

 * Policy / 2 days ago
   
   REGULATORS FACE RECKONING FOR WEEK OF MAYHEM AS AS BANKS TOPPLE; A FRAUGHT
   DEBATE BEGINS

 * Policy / 4 days ago
   
   CENTRE BRINGS CRYPTO, VIRTUAL DIGITAL ASSETS UNDER PMLA

 * Policy / 6 days ago
   
   US FED MULLS BIGGER RATE HIKES TO COOL US ECONOMY

View More


NBFC



 * ‘FIRST-MOVER ADVANTAGE, SPEED OF EXECUTION PIVOTAL IN OUR INNOVATION
   JOURNEY’: ABHAY BHUTADA, MD POONAWALLA FINCORP

 * PNB HOUSING FINANCE'S RS 2,500 CRORE RIGHTS ISSUE GETS SEBI'S NOD

 * SHRIRAM FINANCE INTEREST RATES CONTINUE TO REMAIN COMPETITIVE IN THE FIXED
   DEPOSIT MARKET

 * BAJAJCAPITAL APPOINTS SHEKHAR SOOD AS THE NEW CFO

 * WHAT IS LEAN SCHEME: GOVT’S ROADMAP TO GLOBAL COMPETITIVENESS FOR MSMES

 * ROLE OF AI AND ANALYTICS FOR NBFCS: FROM ONBOARDING CUSTOMERS TO LOAN
   COLLECTION

 * MUTHOOT FINANCE EXTENDS NPS SCHEME TO DOMESTIC, NRI CUSTOMERS

 * RELIGARE FINVEST CONCLUDES ONE-TIME SETTLEMENT WITH LENDERS, RESOLVES ALL
   LEGACY ISSUES

 * TWO ENTITIES OFFLOAD SHRIRAM FINANCE'S SHARES WORTH RS 1,329 CR

 * LAND COST MAKING IT HARDER TO SUSTAIN REAL ESTATE PROJECTS: TATA REALTY MD &
   CEO

 * THESE 3 BANKS, NBFCS OFFER HIGHER FD INTEREST RATE FOR WOMEN INVESTORS

 * JIO FINANCIAL GEARS UP FOR LISTING, HIRES HITESH SETHIA AS CEO

 * SVASTI MICROFINANCE RAISES USD 5 MILLION FROM IIX'S WOMEN'S LIVELIHOOD BOND
   5, THE WORLD'S FIRST ORANGE BOND ISSUANCE

 * NCLAT REJECTS SHAREHOLDERS' PLEA AGAINST MCDOWELL HOLDINGS' INSOLVENCY
   PROCEEDINGS

 * BAJAJ FINANCE REVISES FD RATES UP TO 35 BPS: NOW EARN RETURNS UP TO 8.20 PER
   CENT P.A.

 * BAJAJ FINANCE REVISES FD RATES UP TO 35 BPS: NOW EARN RETURNS UP TO 8.20
   PERCENT P.A.

 * INDIABULLS HOUSING TO CUT RISK, GROW CO-LENDING IN NEW AVATAR

 * INDIABULLS HOUSING TO CUT RISK, GROW CO-LENDING IN NEW AVATAR

 * SUPREME COURT ASKS AUTHUM INVESTMENTS AND INFRASTRUCTURE TO IMPLEMENT
   RESOLUTION PLAN FOR RELIANCE HOME FINANCE

 * NCLT OKAYS MERGER OF TWO HDFC ARMS WITH HDFC CAPITAL ADVISORS

View More


MORE FROM ETBFSI

 * Industry / 3h hrs ago
   
   
   CURRENCY IN CIRCULATION AT RS 31.22 LAKH CRORE AS OF MARCH 2022
   
   The Indian currency, in circulation, has increased from Rs 13 lakh crore in
   2014 to Rs 31.33 lakh crore in March 2022. The objective of demonetisation,
   announced on November 8, 2016, was to contain fake currency notes, to limit
   the usage of high denomination banknotes for storage of unaccounted wealth,
   and to contain the rising level of using fake currency for financing
   subversive activities like drug trafficking and terrorism.

 * Industry / 3h hrs ago
   
   
   E-RUPEE WORTH OVER RS 130 CRORE IN CIRCULATION: NIRMALA SITHARAMAN
   
   Nine banks, viz., State Bank of India, Bank of Baroda, Union Bank of India,
   HDFC Bank, ICICI Bank, Kotak Mahindra Bank, Yes Bank, IDFC First Bank and
   HSBC, have been participating in the digital rupee wholesale pilot,
   Sitharaman said.

 * Policy / 3h hrs ago
   
   
   RBI CLEARS INDUSIND CEO FOR 2 MORE YEARS
   
   The Reserve Bank of India (RBI) has approved the reappointment of Sumant
   Kathpalia as MD & CEO of IndusInd Bank for two years from March 24.

 * Insurance / 3h hrs ago
   
   
   LIC'S DEBT EXPOSURE TO ADANI GROUP AT RS 6,183 CR, DOWN MARGINALLY FROM DEC:
   FM SITHARAMAN
   
   Sitharaman said the LIC's debt exposure to Adani stands at Rs 6,183 crore as
   of March 5. Of the total value, Adani Ports contributed Rs 5,388 crore and
   exposure to Adani Power (Mundra) stood at Rs 266 crore.

 * Insurance / 3h hrs ago
   
   
   IRDAI MANDATES CREATION OF NEW STANDARDISED COVER FOR MENTAL ILLNESSES; WILL
   IT BE EASIER BUY INSURANCE NOW?
   
   On 27 February this year, the insurance regulator issued a circular to all
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 * Industry / 3h hrs ago
   
   
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 * Industry / 3h hrs ago
   
   
   SEBI LOOKING INTO 'MARKET ALLEGATIONS' AGAINST ADANI: FINANCE MINISTRY
   
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   constituted any committee to investigate the allegations made against the
   Adani Group of companies by short-seller Hindenburg Research of the United
   States.

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