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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 2022 * 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 Financial Services HDFC BANK LEADS CREDIT CARD MARKET AND RECORDS MAXIMUM GROWTH IN DEBIT CARD SEGMENT Data by 1Lattice (Prev PGA Labs) revealed that SBI and HDFC Bank continued to lead the debit cards and credit cards market respectively, the former however with a 4% de-growth and the latter with a 9% growth in the respective segments. Other public and private sector banks continue the lead registering good growth on a YoY basis. Here's what the data suggests : LATEST NEWS * 4h hrs ago Govt to take view on privatisation of public sector banks after consultation with dept, regulator * 3h hrs ago Prioritizing Technology Transformations and its Impact on Businesses in 2023 * 3h hrs ago India will be big export economy; to benefit from open and connected internet: Sundar Pichai * 3h hrs ago ED attaches Rs 907 cr assets of crypto exchanges under PMLA * 3h hrs ago Note in circulation rise 8 pc annually to Rs 32 lakh crore: FM * 3h hrs ago Sensex, Nifty climb nearly 1 pc; end two-session losing streak * 3h hrs ago Govt to take view on privatisation of public sector banks after consultation with dept, regulator * 28m mins ago Indian shares recover from two sessions of losses View More Insurance NITIN GADKARI LAUNCHES 'SURETY BOND INSURANCE' FROM BAJAJ ALLIANZ TO UP-SCALE INFRA DEVELOPMENT With this new instrument, the availability of both liquidity and capacity will definitely be boosted; such products stand to strengthen the sector, said the Union Minister Nitin Gadkari while launching the Surety Bond Insurance product from Bajaj Allianz General Insurance Banking FINANCE MINISTRY ASKS PSU BANKS NOT TO FORCE-SELL LIFE INSURANCE PRODUCTS The department has received complaints that fraudulent and unethical practices are adopted by banks and their channel partner life insurance companies, it said in a communication to banks. Banking HOW METAVERSE WILL UNLEASH NEW ERA IN BANKING: OPPORTUNITIES AND CHALLENGES Metaverse is the new hot potato with companies investing billions of dollars in this new technology. Will it be viable? Will it disrupt traditional banking models? What are the use cases and what could be the potential threats of having such advanced technology for the ordinary masses to make seamless transactions? In this chapter of ETBFSI Explains, we decode the universe of metaverse in banking. Insurance 2022 WRAP: THE VOLTE-FACE OF INSURANCE INDUSTRY IN INDIA While the black swan event, Covid-19 pandemic induced demand for insurance gave a much needed boost to the industry, Insurance watchdog IRDAI along with companies and other stakeholders have made it absolute to revolutionize and reinvent the sector in India. Here's what Insurance Leaders think about 2022 wrap and what lies ahead in 2023. Blog LENDING ECOSYSTEM UNDER RBI SCRUTINY | STANDARDS, NORMS, INDUSTRY & CONSUMER IMPACT AND THE WAY FORWARD! To deal with consumer complaints, LSPs and REs must have a dedicated nodal grievance redressal officer and disclose his details on their websites. Borrowers can lodge complaints under the RBI- Integrated Ombudsman Scheme (RB-IOS) in case the REs fail to resolve customer grievances within 30 days Blog THE TIDE OF TIED AGENTS IS CHANGING TOWARDS INDEPENDENT INSURANCE AGENTS IN INDIA In 2001, the insurance penetration was 2.71%, which steadily increased to 4.2% in 2021, but still remains below the global average of 7.23%. The tied-agent and branch-led model of insurance has not been able to reach more than 100 million Indians, who reside in the top 50-60 cities of the country. View More TOP FEATURED STORIES Fintech / 12 days ago UPI FUND BLOCK TO EASE BROKER WORKLOAD BUT RAISES QUESTION OVER PAYMENT FAILURE: NITIN KAMATH OF ZERODHA This could be an optional mode so that retail investors can use UPI and also something else, he said. * Banking BANKING APPS SHOULD UNDERSTAND USERS LIKE A SPOTIFY LIST DOES: RBI INNOVATION HUB CEO * Insurance INDIA'S INSURTECH MOMENT: THE GROWTH STORY OF LESS-TALKED SECTOR * Banking ‘WELL CAPITALISED, LOOK TO UNLOCK INVESTMENTS IN CURRENT FY’: SBI CHIEF ON Q2 RESULTS * Insurance ‘TO BOOST INSURANCE LIKE UPI DID TO BANKING’: LEADERS BET BIG ON BIMA SUGAM View More BLOG * Rohit Garg - Co-Founder & CEO, SmartCoin LENDING ECOSYSTEM UNDER RBI SCRUTINY | STANDARDS, NORMS, INDUSTRY & CONSUMER IMPACT AND THE WAY FORWARD! * Balachander Sekhar - Co-founder, RenewBuy THE TIDE OF TIED AGENTS IS CHANGING TOWARDS INDEPENDENT INSURANCE AGENTS IN INDIA * Prasun Sikdar - MD & CEO, ManipalCigna Health Insurance. HEALTH INSURANCE COVERAGE IS VITAL FOR SME EMPLOYEES * Ravish Naresh - CEO and Co-Founder, Khatabook THE 2023 TECH TRENDS AND THE FINTECH SCENARIO IN INDIA * TV Mohandas Pai - The writer is chairman, Aarin Capital Partners THE RISING STRATEGIC IMPORTANCE OF CAPITAL MEETING POLICY: INVESTOR AND ENTERPRISE PERSPECTIVE, ASIA-PACIFIC * Vaibhav Lodha - Co-founder, ftcash MICROLENDING IS DRIVING MSMES' FINANCIAL INCLUSION IN INDIA View More FINTECH Fintech / 9 hrs ago INSURERS SHUN FTX-LINKED CRYPTO FIRMS AS CONTAGION RISK MOUNTS FINTECH-CRYPTO-FTX-Insurers shun FTX-linked crypto firms as contagion risk mounts * Fintech / 2 days ago AHEAD OF IPO, KFIN TECH COLLECTS RS 675 CRORE FROM ANCHOR INVESTORS * Fintech / 2 days ago ASHNEER GROVER HITS OUT AT BHARATPE CHAIRMAN RAJNISH KUMAR, SAYS HIRING HIM 'BIGGEST MISTAKE' * Fintech / 2 days ago RBI ASKS RAZORPAY TO PAUSE ONBOARDING NEW MERCHANTS * Fintech / 3 days ago CARD FINTECH COMPANY SLICE RECEIVES PREPAID PAY LICENCE FROM RBI View More POLICY Policy / 6 hrs ago CRYPTO ASSETS NEED TO BE REGULATED AT A GLOBAL LEVEL, ECB'S DE GUINDOS SAYS ECB-POLICY/CRYPTO-CURRENCY (URGENT)Crypto assets need to be regulated at a global level, ECB's De Guindos says * Policy / 6 hrs ago ECB WILL HIKE RATES FURTHER, WE DO NOT KNOW WHEN WILL STOP, DE GUINDOS SAYS * Policy / 13 hrs ago GOVT TO AMEND INSOLVENCY LAW TO REDUCE TIME TAKEN FOR RESOLUTION PROCESS * Policy / 2 days ago FED'S WILLIAMS SAYS RATES COULD RISE MORE THAN CENTRAL BANK HAS PRICED IN * Policy / 2 days ago RBI'S CENTRAL BOARD REVIEWS ECONOMIC SITUATION View More NBFC * MICROFINANCE LOANS UP 11 PC TO RS 71,916 CR IN Q2 FY23: REPORT * NBFCS SEEN GROWING AT 10-12 PER CENT THIS FISCAL AND NEXT * ABANS HOLDINGS IPO SUBSCRIBED 1.10 TIMES ON FINAL DAY * NBFCS SEEN GROWING AT 10-12 PER CENT THIS FISCAL AND NEXT * KINARA CAPITAL ADDS 15 NEW BRANCHES; REACHES 125 BRANCHES ACROSS 100 PLUS CITIES IN INDIA TO SERVE MSME SECTOR * PIRAMAL CAPITAL & HOUSING FINANCE TO HIRE 300 TECH PROFESSIONALS; SELECTS BENGALURU AS INNOVATION LAB HUB * RECAST OF ITNL ACCOUNTS DELAYED: IL&FS TO NCLAT * PTC INDIA ROPES IN SBI CAPITAL MARKETS TO MONETISE INVESTMENTS IN ITS ARM PTC ENERGY * POONAWALLA FINCORP ANNOUNCES SALE OF ITS HOUSING SUBSIDIARY TO TPG FOR 3,900 CR * IL&FS RESOLVES DEBT OF RS 56,943 CRORE, REDUCES NUMBER OF ENTITIES TO 101 * NBFCS CEDE GROUND TO BANKS AS THEIR MARKET SHARE IN CREDIT DROPS TO A FIVE-YEAR LOW * HDFC GETS NOD FROM EXCHANGES FOR TRANSFER OF NCDS TO HDFC BANK * MSMES WITNESS SPIKE IN CREDIT FROM BANKS BY 24%: RBI DATA * NBFC-MFIS GROUP OVERTAKES BANKS IN MICROFINANCE LENDING * CUSTOMER EXPERIENCE, NOT SERVICE WILL HELP NBFCS SCALE: EXPERTS * SREI GROUPS' LIQUIDATION VALUE PEGGED AT RS 6,000 CR & FAIR VALUE AT RS 9,000 CR * GOLD LOAN NBFCS SEE DEMAND SURGE * PTC INDIA, EX-DIRECTORS CLASH OVER GOVERNANCE * SREI COC OFFERS WINDOW FOR RESOLUTION APPLICANTS TO REVISE BIDS BY DECEMBER 15 * LENDERS OF RELIANCE CAPITAL FINALISE E-AUCTION PROCESS FOR BIDDERS View More MORE FROM ETBFSI * Banking / 4h hrs ago GOVT TO TAKE VIEW ON PRIVATISATION OF PUBLIC SECTOR BANKS AFTER CONSULTATION WITH DEPT, REGULATOR * Industry / 3h hrs ago PRIORITIZING TECHNOLOGY TRANSFORMATIONS AND ITS IMPACT ON BUSINESSES IN 2023 Sharing experiences, Sirisha Voruganti, Managing Director and Global Head of Data Engineering at JCPenney India, discusses what transformation is all about and how to prioritize it in an organization. . * Industry / 3h hrs ago INDIA WILL BE BIG EXPORT ECONOMY; TO BENEFIT FROM OPEN AND CONNECTED INTERNET: SUNDAR PICHAI While speaking at Google for India event, Pichai said that the company is focussing on startups from India and out of its USD 300 million for the startups, around one-fourth will be invested in entities that are led by women. * Industry / 3h hrs ago ED ATTACHES RS 907 CR ASSETS OF CRYPTO EXCHANGES UNDER PMLA in case of crypto exchange Zanmai Labs Pvt Ltd, known as WazirX, assets worth Rs 289.68 crore have been seized from the exchange and its Directors for violation of the provisions of the foreign exchange management act (FEMA), Chaudhary said. * Industry / 3h hrs ago NOTE IN CIRCULATION RISE 8 PC ANNUALLY TO RS 32 LAKH CRORE: FM Finance Minister Nirmala Sitharaman on Monday said note in circulation (NiC) has witnessed an annual growth of 7.98 per cent to Rs 31.92 lakh crore as of December 2, 2022. The demand for currency depends upon several macroeconomic factors, including economic growth and level of interest rates, she said in a reply to the Lok Sabha. * Financial Services / 3h hrs ago SENSEX, NIFTY CLIMB NEARLY 1 PC; END TWO-SESSION LOSING STREAK The broader NSE Nifty climbed 151.45 points or 0.83 per cent to end at 18,420.45. * Banking / 3h hrs ago GOVT TO TAKE VIEW ON PRIVATISATION OF PUBLIC SECTOR BANKS AFTER CONSULTATION WITH DEPT, REGULATOR The objectives of the policy include enabling growth of public sector enterprises through infusion of private capital, thereby contributing to economic growth and new jobs, and financing of social sector and development programmes of the government * Financial Services / 28m mins ago INDIAN SHARES RECOVER FROM TWO SESSIONS OF LOSSES INDIA-Indian shares recover from two sessions of losses View More BFSI VIDEOS * BANKS' CXOS DISCUSSION: UNLOCKING THE POTENTIAL OF BANKING AS A SERVICE Synopsis: Banking as a Service (BaaS) is reconfiguring the banking value chain, opening the door to disintermediation and enabling new sources of growth. Through integrating non-banking businesses with regulated financial infrastructure, BaaS offerings are enabling new, specialised propositions and bringing them to market faster. As customer dissatisfaction with existing offerings grows, this session will explore how BaaS offerings can rapidly gain ground. Moderator: Amol Dethe, Editor, ETBFSI; Deepak Sharma, President & CDO, Kotak Mahindra Bank; Asheesh Pandey, ED, Bank of Maharashtra; Rajesh Choudhary, CIO, CSB Bank; Neelkant Rawal, SVP, Head of Strategy, Digital & Innovation, Wells Fargo India & Philippines; Ranish Jaiswal, Head - FSS Public Sector, IBM Consulting. * 3 days ago NBFCS CXOS DISCUSSION: HOW TO BUILD A RESILIENT CUSTOMER SERVICE FOR FUTURE * 5 days ago NEELKANT RAWAL OF WELLS FARGO ON BUILDING SUPER APPS AND DATA SECURITY * 6 days ago DIGITAL ACCESS NOT ENOUGH, RURAL WOMEN NEED CONTROL OVER FINANCE: CHETNA GALA SINHA 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. CRYPTOCURRENCY * FTX SCANDAL: WHAT IS IT AND HOW DID IT UNRAVEL? HERE’S ALL YOU NEED TO KNOW * BANKMAN-FRIED TO FACE OFF WITH LAWMAKERS OVER FTX COLLAPSE * EXPLAINED: CRYPTOCURRENCY TAXATION POLICY IN UNION BUDGET 2023 * NEARLY 5,000 NEW CRYPTOCURRENCIES EMERGED IN 2022 DESPITE HARSH WINTER * RBI TO LAUNCH FIRST PILOT FOR RETAIL DIGITAL RUPEE ON DECEMBER 1; SBI, ICICI BANK AND SIX OTHER BANKS IDENTIFIED FOR PARTICIPATION * CRYPTO CRISIS SHRINKS ETF ASSETS IN MARKET THAT EMBRACED THEM * INDIAN CRYPTO STARTUPS ASSURE NO FTX-LIKE MESS * FTX'S SAM BANKMAN-FRIED BEGGED FOR A RESCUE EVEN AS HE REVEALED HUGE HOLES IN FIRM'S BOOKS * GOVT SEEKS DECISION ON CRYPTO RULE AT G20 View More EDITOR'S PICK * 1 hr ago NITIN GADKARI LAUNCHES 'SURETY BOND INSURANCE' FROM BAJAJ ALLIANZ TO UP-SCALE INFRA DEVELOPMENT * 4 hrs ago HDFC BANK LEADS CREDIT CARD MARKET AND RECORDS MAXIMUM GROWTH IN DEBIT CARD SEGMENT * 6 hrs ago PAYTM PARTNERS WITH HDFC ERGO TO PROVIDE INSURANCE COVER TO MOBILE TRANSACTIONS UPTO RS 10,000 * 7 hrs ago FINANCE MINISTRY ASKS PSU BANKS NOT TO FORCE-SELL LIFE INSURANCE PRODUCTS * 13 hrs ago 2022 WRAP: THE VOLTE-FACE OF INSURANCE INDUSTRY IN INDIA MOST READ * 7 days ago BANKS ON ALERT AS 2 KEY PULSES EXPORTING NATIONS ON FATF LIST * 7 days ago HOW CBDC IS DIFFERENT FROM UPI: RBI GOVERNOR’S VERSION EXPLAINED * 13 hrs ago HOW METAVERSE WILL UNLEASH NEW ERA IN BANKING: OPPORTUNITIES AND CHALLENGES * 5 days ago YES BANK SLIDES AS MORGAN STANLEY INITIATES WITH 'UNDERWEIGHT' * 4 days ago POLICY WRAP UP: TOP 5 LANDMARK DECISIONS BY RBI IN 2022 * 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 © 2022 ETBFSI.com. 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