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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 * 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 Union Budget 2023 EXPLAINED: THE 5 W'S AND 1 H OF INDIA'S UNION BUDGET As the Budget 2023 countdown reaches its final stage after the Halwa Ceremony on 26 January, for our diverse pool of readers, ETBFSI brings to you an explainer that dwelves on the basics of What, Why, When, Where, Who and How of India's Union Budget. LATEST NEWS * 4h hrs ago In pictures: Here’s what NBFC leaders have to say about about Union Budget 2023 * 3h hrs ago RBI to hike repo rate by 25 bps in Feb, ending tightening cycle: Reuters poll * 3h hrs ago Great Expectations: What the Indian crypto industry is hoping for in Budget 2023 * 3h hrs ago Rupee left behind in EM rally as RBI rebuilds foreign reserves * 3h hrs ago Tata Power ties up with Contour for digital trade finance network * 5m mins ago Fall in Indian startup valuations have created an interesting opportunity: Tim Draper * 6m mins ago Union Budget 2023: Between spending and prudence * 10m mins ago Answers to Hindenburg's 65 queries are in the public domain, says Adani Group View More Union Budget 2023 BUDGET 2023 : WHAT LEADING BANKERS EXPECT FROM THE FINANCE MINISTER Higher capital spending, infra development, strengthening the Insolvency and Bankruptcy Code and promoting digital lending and transactions are on their wish list, top bankers told an ETBFSI panel discussion. Union Budget 2023 BUDGET 2023: HOUSEHOLD SAVINGS CRUCIAL IN GROWTH AMID GLOBAL LIQUIDITY TIGHTENING Household savings have been witnessing a huge decline from occupying 16% of the GDP to now a meager 10%. A dip in savings is a worrying trend and how will the Government address this issue that would be closely watched out for during the Budget 2023. Insurance INDIAN INSURANCE FIRMS STARE A BIG JUMP IN REINSURANCE RATES IN APRIL RENEWAL Global property-catastrophe prices increased by 37 per cent at January 1 while for aerospace catastrophe programs where there had been claims, prices went up by between 150 per cent and 200 per cent. Blog OUTLOOK FOR GENERAL INSURANCE INDUSTRY 2023: A PROMISING AND TRANSFORMATIVEYEAR In the last two years, the insurance sector has witnessed consistent growth, especially in the health insurance segment and accelerated the digital journey for companies. Blog BETTING ON FINTECH TO FURTHER ACCELERATE INDIA’S ECONOMY The India Stack has begun to evolve well and promises to aid the economic well-being of the country with trailblazing technologies such as Open Network for Digital Commerce (ONDC) and Account Aggregator (AA). The Union Budget 2023 can further help by opening up the right growth avenues. Blog FINTECH INDUSTRY SEEKS ‘RRR’ FROM BUDGET 2023: RELIEF, REFORM AND REGULATORY EASING The upcoming Union Budget will be crucial in strengthening and securing the Indian economy from the slowdown being experienced by other countries. It will play a pivotal role in determining the roadmap for India’s growth momentum and defining the recovery, especially when most of the world is staring at a recession. View More TOP FEATURED STORIES Fintech / 6 days ago KISAN DRONES SET TO REVOLUTIONISE AGRI-LENDING; MORE AWARENESS, ADAPTATION REQUIRED: AGRITECH EXPERTS The demand for drones in major sectors like agriculture has been increasing rapidly over recent years. ETBFSI talks to Industry experts to know what difference drones will make in agri loans, if it will reduce the due diligence, how kisan drones can transform the agritech sector and much more. Here's what they said: * 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 * Industry BLOCKCHAIN CO-INVENTOR STUART HABER SAYS HIS TECHNOLOGY CAN IMPROVE TRANSPARENCY AND ASSURANCE IN BANKS * Policy WILL RBI'S RETAIL CBDC POSE A BIG CHALLENGE TO UPI? View More BLOG * FINTECH INDUSTRY SEEKS ‘RRR’ FROM BUDGET 2023: RELIEF, REFORM AND REGULATORY EASING * Akash Sinha - CEO and Co-Founder, Cashfree Payments BETTING ON FINTECH TO FURTHER ACCELERATE INDIA’S ECONOMY * Jyoti Prakash Gadia - Managing Director, Resurgent India UNION BUDGET 2023: KEY EXPECTATIONS FROM THE BANKING INDUSTRY * Pankaj Sharma - Chief Executive Officer, Religare Finvest Limited WHAT ARE NBFCS’ EXPECTATIONS FROM THIS YEAR’S UNION BUDGET? * Anu Aggarwal - President & Head of Corporate Bank at Kotak Mahindra Bank. INDIAN ECONOMY IN NEED OF A BOOSTER SHOT * Gaurav Jalan - Founder and CEO, mPokket MAJOR TRENDS EXPECTED IN THE FINTECH SPACE IN 2023 View More FINTECH Fintech / 2 hrs ago GREAT EXPECTATIONS: WHAT THE INDIAN CRYPTO INDUSTRY IS HOPING FOR IN BUDGET 2023 The current tax architecture should be changed to allow for set-off and carry forward of losses in VDAs similar to equity shares/derivatives. The 30% threshold was set in response to comparisons of digital assets with highly speculative avenues such as gambling, betting, and so on. However, VDAs are similar to securities trading and should, therefore, be treated similarly with respect to taxation and setoff benefits. * Fintech / 5 hrs ago FALL IN INDIAN STARTUP VALUATIONS HAVE CREATED AN INTERESTING OPPORTUNITY: TIM DRAPER * Fintech / 5 hrs ago RAZORPAY’S FOREX SERVICE TO HELP FOUNDERS TRANSFER FUNDING TO INDIA * Fintech / 5 hrs ago UNION BUDGET 2023: FINTECH INDUSTRY SEE GOVERNMENT SUPPORT TO DRIVE MSME GROWTH * Fintech / 5 hrs ago UNION BUDGET 2023: 5 STEPS TO MAKE DIGITAL RUPEE ADOPTION MORE RISK EFFICIENT View More POLICY Policy / 2 hrs ago RBI TO HIKE REPO RATE BY 25 BPS IN FEB, ENDING TIGHTENING CYCLE: REUTERS POLL The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found. * Policy / 5 hrs ago UNION BUDGET 2023: BETWEEN SPENDING AND PRUDENCE * Policy / 5 hrs ago FED SET TO SHRINK RATE HIKES AGAIN AS INFLATION SLOWS * Policy / 2 days ago INTEREST RATES MAY NOT REMAIN HIGH FOR LONG: SHAKTIKANTA DAS * Policy / 2 days ago SHOULD STANDARD ACCOUNTS BE INCLUDED IN SMA CATEGORY FOR SECURITISATION, RBI ASKS View More NBFC * INDIA'S BAJAJ FINANCE BEATS PROFIT ESTIMATES AS PROVISIONS DROP * CREDENT GLOBAL FINANCE IN TALKS TO RAISE RS 500 CRORE FOR TIER-II PROJECTS * PROMOTER GROUP RECLASSIFIED AS PUBLIC: RELIANCE CAP * SREI GROUP COMPANIES' LENDERS AGREE TO SET ASIDE ₹824-CRORE SALE PROCEEDS IN ESCROW ACCOUNT * UNION BUDGET 2023: HERE’S WHAT HOUSING FINANCE SECTOR EXPECTS FROM FINANCE MINISTER * HOW ECLGS TURNED OUT TO BE LIFELINE FOR 1.46 MILLLION MSMES DURING THE PANDEMIC * PNB HOUSING FINANCE'S NET PROFIT JUMPS 42.81% TO RS 269 CRORE IN Q3 FY23 * HOMEFIRST FINANCE NET RISES 28 PC ON HIGHER LOAN SALES * LEGALPAY ACQUIRES STRATEGIC STAKE IN GUJARAT-BASED NBFC PADMALAYA FINSERVE * NCLT RESERVES ORDER ON TORRENT PLEA TO HALT FRESH AUCTION FOR RCAP; DIRECTS LENDERS TO MAINTAIN STATUS QUO * POONAWALLA FINCORP Q3 PROFIT UP 88 PC TO RS 150 CR * BAJAJ FINANCE REVISES FD RATES UP TO 40 BPS: NOW EARN RETURNS UP TO 8.10 PER CENT P.A. * KEDAARA CAPITAL INVESTS RS 800 CR IN NBFC AVANSE FINANCIAL * ‘CREDIT GUARANTEE FOR LENDING TO MSMES WILL PROVIDE LIQUIDITY SOLUTION TO NBFCS’: U GRO CAPITAL’S SHACHINDRA NATH * BUDGET 2023: LIQUIDITY, BOND MARKET SUPPORT TOP NBFC WISHLIST * COST OF CAPITAL A CHALLENGE, CREDIT INSURANCE COULD BE AN ENABLER: FISME SEC-GEN * GOVERNMENT SUPPORT FOR MSMES OVER NEXT 12 TO 24 MONTHS CRUCIAL: RAKESH SINGH, ADITYA BIRLA FINANCE * NBFCS' BANK BORROWINGS RISE 1.5X SINCE PANDEMIC AS HIGH YIELDS ROCK BOND ST * BUDGET 2023: HERE'S WHAT NBFC LEADERS EXPECT FROM UNION BUDGET 2023 * DYNASTY ACQUISITION PARES 2.14 PC STAKE IN SHRIRAM FINANCE FOR RS 1,040 CR View More MORE FROM ETBFSI * Union Budget 2023 / 4h hrs ago IN PICTURES: HERE’S WHAT NBFC LEADERS HAVE TO SAY ABOUT ABOUT UNION BUDGET 2023 From pumping the system with more liquidity to creating a fund structure to having a bond support system and the need to have a separate entity like RBI for NBFCs, here’s the top Wishlist of some of the biggest names in the NBFC space. * Policy / 3h hrs ago RBI TO HIKE REPO RATE BY 25 BPS IN FEB, ENDING TIGHTENING CYCLE: REUTERS POLL The Reserve Bank of India is expected to raise its main interest rate by a modest 25 basis points to 6.50% at its meeting one week after New Delhi's Feb. 1 budget, before leaving it at that level for the rest of the year, a Reuters poll of economists found. * Fintech / 3h hrs ago GREAT EXPECTATIONS: WHAT THE INDIAN CRYPTO INDUSTRY IS HOPING FOR IN BUDGET 2023 The current tax architecture should be changed to allow for set-off and carry forward of losses in VDAs similar to equity shares/derivatives. The 30% threshold was set in response to comparisons of digital assets with highly speculative avenues such as gambling, betting, and so on. However, VDAs are similar to securities trading and should, therefore, be treated similarly with respect to taxation and setoff benefits. * Financial Services / 3h hrs ago RUPEE LEFT BEHIND IN EM RALLY AS RBI REBUILDS FOREIGN RESERVES The rupee forecasts highlight the downside risk for the Indian currency, which analysts surveyed by Bloomberg expect to end the quarter at 82 against the dollar. While the Bloomberg JPMorgan Asia Dollar index has rallied more than 7% since the start of November, the rupee has only appreciated 1.5%. * Industry / 3h hrs ago TATA POWER TIES UP WITH CONTOUR FOR DIGITAL TRADE FINANCE NETWORK New Delhi, Tata Power on Monday said it has partnered with Contour, a leading digital trade finance network based out of Singapore, to make its financial management process more robust, transparent and efficient. * Fintech / 5m mins ago FALL IN INDIAN STARTUP VALUATIONS HAVE CREATED AN INTERESTING OPPORTUNITY: TIM DRAPER The founder of Silicon Valley VC firm Draper Associates feels global economic recovery will likely be L-shaped, with a long upward movement, like after the dotcom crash * Policy / 6m mins ago UNION BUDGET 2023: BETWEEN SPENDING AND PRUDENCE In fiscal year 2023-24, there is clear potential for GoI to consolidate its fiscal deficit to 5.9% of GDP, as the impact of previous year’s policy changes is augmented by macro tailwinds. * Industry / 10m mins ago ANSWERS TO HINDENBURG'S 65 QUERIES ARE IN THE PUBLIC DOMAIN, SAYS ADANI GROUP In a detailed point-by-point rebuttal, the group maintained that the charges levelled in the report appeared to be "selective and manipulative presentation of matters already in the public domain to create a false narrative". It also shows complete ignorance or deliberate disregard for applicable legal and accounting standards as well as industry practices, the group said. 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. TODAY'S POLL YOU HAVE SUCCESSFULLY CAST YOUR VOTE DO YOU THINK THE GOVERNMENT HAS BANDWIDTH TO SPEND MORE? YesCan't SayNo Vote BFSI VIDEOS * MOODY’S SEES IMPROVEMENT IN INSURANCE COMPANIES’ PROFITABILITY Moody's VP – Senior Analyst, Financial Institutions Group, discussed a whole host of topics in the insurance space, ranging from introspecting the reasons behind the lack of penetration of insurance in the Indian markets to how insurtech is changing the insurance landscape with their seamless distribution models, thereby enhancing the number of loyal customers too. In addition to this, Moody’s believes that penetration which has improved from 3.6% pre-pandemic to 4.2% post-pandemic can be further accelerated if insurance is perceived to be a wealth product, instead of a product which is considered to be a tax on their income. Lastly, he adds that mergers and acquisitions in the life and non-life space can bring in synergies which could shore up profits and even make India a more attractive destination in a rather unattractive investable climate. All this and more in this exclusive conversation between Amol Dethe, Editor ETBFSI and Mohammed Ali Londe, VP – Senior Analyst, Financial Institutions Group, Moody’s Investors Service. * 11 days ago WHAT DO NBFC LEADERS EXPECT FROM BUDGET 2023? * 11 days ago WHAT DO ECONOMISTS EXPECT FROM BUDGET 2023? * 12 days ago WHAT DO INSURANCE LEADERS EXPECT FROM BUDGET 2023? View More CRYPTOCURRENCY * 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 * NEED SIMILAR REGULATIONS FOR BANKS AND FINTECHS IF UNDERLYING ACTIVITY IS SAME: RBI DG * INDIA CENBANK CHIEF SAYS NEXT FINANCIAL CRISIS WILL COME FROM PRIVATE CRYPTOCURRENCIES * FTX SCANDAL: WHAT IS IT AND HOW DID IT UNRAVEL? HERE’S ALL YOU NEED TO KNOW View More EDITOR'S PICK * 1 hr ago IN PICTURES: HERE’S WHAT NBFC LEADERS HAVE TO SAY ABOUT ABOUT UNION BUDGET 2023 * 5 hrs ago EXPLAINED: THE 5 W'S AND 1 H OF INDIA'S UNION BUDGET * 5 hrs ago BUDGET 2023 : WHAT LEADING BANKERS EXPECT FROM THE FINANCE MINISTER * 5 hrs ago INDIAN INSURANCE FIRMS STARE A BIG JUMP IN REINSURANCE RATES IN APRIL RENEWAL * 6 hrs ago BUDGET 2023: HOUSEHOLD SAVINGS CRUCIAL IN GROWTH AMID GLOBAL LIQUIDITY TIGHTENING MOST READ * 2 days ago LIC RAISED STAKE IN ADANI GROUP TO OVER RS 70,000 CRORE AS FPIS CUT EXPOSURE * 7 days ago EXPLAINER : HOW WILL RBI'S PROPOSED ECL-BASED PROVISIONING FOR BANKS WORK? * 6 days ago RBI ASKS SBM BANK (INDIA) TO STOP TRANSACTIONS UNDER LRS * 7 days ago BUDGET 2023 WISHLIST: REDUCE INCOME TAX ON INSURANCE, LIBERATE INVESTMENT PATTERNS * 4 days ago ‘EVERY FINTECH WILL END UP HAVING A LENDING GAME’, SAYS CEO OF CREDIT SAISON INDIA * 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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