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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 HOW PSU BANKS ARE LOOKING TO PROTECT MARGINS AMID RISING DEPOSIT RATES SBI is banking on MCLR loans, while Bank of Baroda is eyeing higher-yielding retail loans and raising deposits in shorter tenure in an uncertain rate environment. LATEST NEWS * 4h hrs ago Total exposure of 5 state-run general insurers in Adani group at Rs 347 cr: MoS Finance * 4h hrs ago Rupee falls 15 paise to close at 82.73 against US dollar * 4h hrs ago India's retail inflation breaches RBI's tolerance limit in January, accelerates to 6.52% * 4h hrs ago Billionaire Uday Kotak's Kotak Mahindra Bank weighs insurance unit stake sale, sources say * 3h hrs ago IDBI Bank now offers FD interest rate up to 8% for senior citizens * 2h hrs ago HDFC Bank rolls out pilot for offline digital payments * 14m mins ago RBI didn't make letter to govt on inflation public fearing market disruption, reports say * 13m mins ago Regulators fully cognisant of Adani Group matters: FM Sitharaman View More NBFC ‘ON COLLECTION SIDE, WORK NEEDS TO BE DONE ON MAKING IT EASY TO REPAY’: MD & CEO, GODREJ CAPITAL In an exclusive interaction with ETBFSI, Manish Shah, MD & CEO of Godrej Capital talked on range of topics from role of digital to loan underwriting challenges. He also shared his plans for the small businesses to help them grow. Here are the excerpts: Banking HOW BANKS CAN LEND MORE TO START-UPS? Experts suggest that banks should consider offering cashflow-based lending products to enhance credit flow to startups, as it will make more startups eligible for bank products. Industry HOW HINDENBURG BROUGHT DOWN THE ADANI EMPIRE? At the heart of the bear attack are structured product derivatives that large clients use to take position in offshore jurisdictions without having direct position in India, finds a probe. Industry GREEN BONDS: ADANI EXPLOITED ESG WEAKNESS IN GLOBAL ECONOMIC SETTING, SAYS ASWATH DAMODARAN The notion that a family group that build ports, airports and gas transmission lines qualifies for green bond issuance, tells more about the emptiness of the green bond promise, he wrote in his blog post. Fintech MEITY LIKELY TO REVOKE BAN ON DIGITAL LENDING APPS POST-REVIEW MeitY has been scrutinising the submissions to ascertain whether the ban is necessary or not. Reports suggested that ministry has also allowed them to surface back on hosting platforms like Google. Fintech WHY DO FINTECHS NEED TO GO BACK TO BASICS? With the current turmoil in the FinTech industry brought about by several factors like regulatory tightening, funding crunch, geopolitical tensions, etc, it is important for companies to focus on client specific needs and build strong business models, besides targeting sustainability. ETBFSI tries to dwelve deep into finding out what the FinTech industry needs to do to regain its spark. View More TOP FEATURED STORIES Industry / 4 days ago 5 KEY MEASURES INDIA ADOPTED TO STAY AHEAD OF GLOBAL PEERS IN VOLATILE ECONOMY Global leaders are extremely bullish on India despite macroeconomic volatility. With foreign investors' money pouring in, stock markets generating positive returns and companies setting up their manufacturing facilities in the country- Which magic spell did India cast on itself? Did China lose its sheen? How did India manage to capture global attention? All this and more, are answered here: * 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 * NBFC BUDGET 2023: HERE'S WHAT NBFC LEADERS EXPECT FROM UNION BUDGET 2023 * Financial Services PAYMENT AGGREGATOR LICENSE: THE TWISTS AND TURNS IN JOURNEY SO FAR 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 / 12 hrs ago HOW GOMECHANIC FOUNDERS FLOATED MORSEBIZ AS CAR SERVICING STARTUP UNRAVELLED; BPM FIRMS TURN TO COST-SAVING DEALS As the business collapse looked imminent due to misreporting of financials, cash burn and other reasons, GoMechanic's founders floated a new startup and tried to sell the idea of spinning off its spare parts business to raise capital. But investors were unimpressed. Today we take a deep dive into what brewed just months before the confessions of accounting lapses were made by the GoMechanic founder Amit Bhasin in January. * Fintech / 12 hrs ago TECH EARNINGS A MIXED BAG IN Q3: CHECK KEY HIGHLIGHTS * Fintech / 2 days ago PHONEPE LAUNCHES SUPPORT FOR CROSS-BORDER UPI PAYMENTS * Fintech / 2 days ago G20 EXPLORING CRYPTOCURRENCY REGULATION, NIRMALA SITHARAMAN SAYS * Fintech / 2 days ago FOR CRED, REVENUE GROWTH AND CURBING LOSSES WILL BE THE FOCUS: KUNAL SHAH View More POLICY Policy / 5 hrs ago RBI DIDN'T MAKE LETTER TO GOVT ON INFLATION PUBLIC FEARING MARKET DISRUPTION, REPORTS SAY The Reserve Bank of India did not make its letter to the Central government on retail inflation measures public as it feared it could lead to market disruptions and cause financial market volatility, the central bank said in response to an appeal under the Right to Information (RTI) Act, as per Mint. * Policy / 2 days ago FED'S WALLER SAYS CRYPTOCURRENCY BUYERS COULD LOSE THEIR ENTIRE INVESTMENTS * Policy / 2 days ago RBI UPDATES 'ALERT LIST' OF ENTITIES NOT AUTHORISED TO DEAL IN FOREX TRADING * Policy / 2 days ago RBI TO SHARE WHITELIST OF DIGITAL LOAN APPS SOON * Policy / 3 days ago INDIAN HOUSEHOLDS BRACING FOR HIGHER PRICES: RBI SURVEY View More NBFC * 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 * RBI MPC MEET: NBFC LEADERS REACT TO RATE HIKE * CLIX CAPITAL AIMS TO DOUBLE ITS PROFIT TO RS 100 CR IN FY'24 * NON-BANK LENDERS SURPASSED BANKS IN MICROLENDING SEGMENT IN SEPTEMBER 2022: REPORT * NBFC-MFIS DOMINATE MICROFINANCE MARKET, SAYS NEW REPORT * NBFC-MFIS DOMINATE MICROFINANCE MARKET, SAYS NEW REPORT * INVEST IN THE HIGHEST-RATED NBFC, BAJAJ FINANCE - FD RATES UP TO 8.10 PERCENT P.A. * IL&FS INITIATES ITS LARGEST-EVER INTERIM DISTRIBUTION PAYOUT OF 3,200 CR IN IFIN * ADITYA BIRLA CAPITAL NET PROFIT RISES 27 PC TO RS 530 CR IN DEC QTR * MAHINDRA FINANCE APPOINTS RAUL REBELLO AS ITS NEXT MD & CEO * TATA SONS LOOKS TO SHED ITS 'UPPER LAYER NBFC' TAG * HDFC’S Q3 NET UP 13% AT RS 3,691CR * REVAMPED CREDIT-GUARANTEE SCHEME TO BOOST SECTOR, NEW TAX REGIME TO UPLIFT PURCHASE POWER OF MIDDLE-CLASS: NBFC LEADERS View More MORE FROM ETBFSI * Industry / 4h hrs ago TOTAL EXPOSURE OF 5 STATE-RUN GENERAL INSURERS IN ADANI GROUP AT RS 347 CR: MOS FINANCE Five state-run general insurance companies have a total exposure of Rs 347.64 crore, or 0.14 per cent of their total assets under management (AUM), in Adani group of companies, Finance Ministry said on Monday. * Financial Services / 4h hrs ago RUPEE FALLS 15 PAISE TO CLOSE AT 82.73 AGAINST US DOLLAR At the interbank foreign exchange market, the rupee opened at 82.68 against the greenback, and fell to an intra-day low of 82.77. It finally settled at 82.73 (provisional), down 15 paise over its previous close * Industry / 4h hrs ago INDIA'S RETAIL INFLATION BREACHES RBI'S TOLERANCE LIMIT IN JANUARY, ACCELERATES TO 6.52% Higher inflation has been a concern for central banks across the globe, including India, as the uncertain nature of the Russia-Ukraine war compounded supply side disruptions in the post-pandemic world that was barely going through a nascent recovery from economic shocks. * Insurance / 4h hrs ago BILLIONAIRE UDAY KOTAK'S KOTAK MAHINDRA BANK WEIGHS INSURANCE UNIT STAKE SALE, SOURCES SAY The lender is working with an adviser on the potential sale of a stake in Kotak General Insurance which could raise as much as a few hundred million dollars, the people said. The process could draw potential strategic partners as well as financial investors, the people said. * Banking / 3h hrs ago IDBI BANK NOW OFFERS FD INTEREST RATE UP TO 8% FOR SENIOR CITIZENS Public sector lender IDBI Bank has revised interest rates on its fixed deposit for sums under Rs 2 crore in response to the RBI's 25 basis point rise in the repo rate to 6.50%. * Banking / 2h hrs ago HDFC BANK ROLLS OUT PILOT FOR OFFLINE DIGITAL PAYMENTS The offline digital payments facility can boost adoption of digital payments in smaller towns and rural areas with poor network connectivity. * Policy / 14m mins ago RBI DIDN'T MAKE LETTER TO GOVT ON INFLATION PUBLIC FEARING MARKET DISRUPTION, REPORTS SAY The Reserve Bank of India did not make its letter to the Central government on retail inflation measures public as it feared it could lead to market disruptions and cause financial market volatility, the central bank said in response to an appeal under the Right to Information (RTI) Act, as per Mint. * Industry / 13m mins ago REGULATORS FULLY COGNISANT OF ADANI GROUP MATTERS: FM SITHARAMAN Adani Group stocks have lost ₹9.38 lakh crore in market capitalisation since January 24, when the Hindenburg Research report was released. The report accused the conglomerate of fraudulent transactions and share price manipulation. Adani Group has rejected the report's findings and said it complies with all laws and disclosure requirements. 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 * FINTECH DIARY WITH PRESHA PARAGASH, CEO & WHOLETIME DIRECTOR, CREDIT SAISON INDIA India is a credit-hungry country with huge demands. Most of the fintechs have now shifted to lending to make money, and also using technology aggressively creating an acute competition in the space. How is the competition shaping up in the digital lending space today? What will make fintechs profitable? What will make fintechs sustainable? Credit Saison India CEO discusses these and much more in this week's FinTech Diary with Amol Dethe, Editor, ETBFSI. * 6 days ago EXCLUSIVE: BANK OF BARODA CEO ON PROFITABILITY, CREDIT GROWTH, BUDGET AND ADANI CRISIS * 12 days ago ECONOMIC SURVEY 2023 HIGHLIGHTS OUTLOOK, GROWTH AND WHAT NEEDS TO BE DONE * 14 days ago DIGITAL LENDING GUIDELINES REMOVED GREY AREAS, BELIEVE LENDINGKART AND KREDX CHIEFS View More CRYPTOCURRENCY * 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 * CRYPTOS ARE NOTHING BUT GAMBLE, THEIR VALUE ONLY MAKE-BELIEVE: RBI GOVERNOR * CRYPTO TOKENS LIKE POLYGON AND BIG EYES COIN CONTINUE TO THRIVE DESPITE MARKET CRISES * CRYPTO IS ‘EFFECTIVELY NONEXISTENT’ FOR BIG INSTITUTIONS, JPMORGAN’S GROSS SAYS * LAW ON CRYPTOCURRENCY ONLY AFTER INTERNATIONAL COLLABORATION, RISK EVALUATION: GOVT View More EDITOR'S PICK * 3 hrs ago HDFC BANK ROLLS OUT PILOT FOR OFFLINE DIGITAL PAYMENTS * 12 hrs ago HOW HINDENBURG BROUGHT DOWN THE ADANI EMPIRE? * 13 hrs ago HOW PSU BANKS ARE LOOKING TO PROTECT MARGINS AMID RISING DEPOSIT RATES * 13 hrs ago HOW BANKS CAN LEND MORE TO START-UPS? * 1 day ago INDIAN ENTERPRISES AND DIGITAL FINANCING: UNLOCKING ACCESS TO CAPITAL MOST READ * 7 days ago MEITY ORDERS SEVERAL DIGITAL LENDING APPS, INCLUDING LAZYPAY, TO HALT OPERATIONS * 7 days ago EXPLAINED: IMPACT OF NEW INCOME TAX REGIME ON INSURANCE * 12 hrs ago HOW HINDENBURG BROUGHT DOWN THE ADANI EMPIRE? * 2 days ago WHY DO FINTECHS NEED TO GO BACK TO BASICS? * 6 days ago ADANI SAGA: ASWATH DAMODARAN FLAGS LOW MARGINS IN NEW BUSINESSES, SAYS WILL STRUGGLE TO EARN THEIR COSTS OF CAPITAL * 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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