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Industry


USER INTERFACE WILL BECOME INTERACTIVE WITH IMAGES AND GIFS FOR BANKS AND
FINTECHS, SAY EXPERTS

The bank has become an aggregator (a collection of fintechs and other financial
ecosystems). Hence the onus lies with the bank to address customer security
issues rather than citing network issues, experts said at the ETBFSI CXO
Conclave.


LATEST NEWS

 * 5h hrs ago Why are banks being robbed in open daylight in Lebanon? Read to
   know
 * 5h hrs ago Sensex rebounds sharply on low level buying in IT, bank stocks
 * 2h hrs ago Asian stocks brace for salvo of central bank hikes
 * 2h hrs ago U.S. bank regulators consider new rules for regional banks in
   times of crisis
 * 2h hrs ago Govt pulls up private banks for low share in social schemes
 * 2h hrs ago PSU banks give digital lending a push as part of EASE reform
   agenda
 * 2h hrs ago Russia to name bank soon for trade settlement with India in Rupees
 * 2h hrs ago Bad bank plans to buy 18 distressed a/cs totalling Rs 39,921 crore
   by October 31

View More
Fintech

SINGAPORE’S MAS AND IFSCA INK PACT TO PURSUE CROSS-BORDER FINTECH INNOVATIONS

Through the CA, the two collaborating bodies aim to promote objectives like
overlooking the sandbox collaboration and dissemination of information.

Financial Services

46% MILLENNIALS MARK IMPROVEMENT IN CREDIT SCORE IN FY22: REPORT

The report highlights that 83 per cent respondents have completed their
repayments on time as opposed to 77 per cent in the previous year. There is also
a fall in late or deferred repayments by 26 per cent among millennials and GenZ
users.

Financial Services

WHAT ARE THE OTHER AUTHENTICATION SYSTEMS BEYOND OTP?

There is a growing demand for different types of user authentication
technologies for both online and in physical systems. The motivation to
authenticate users ranges from access control reasons to business development
purposes like adding e-commerce elements.

Editor's View

WOMEN SHOULD CROSS THE THRESHOLD

Finance Minister Nirmala Sitharaman highlighted the issue of gender diversity
this week. Being a woman, there is more weight to the points she raised. “The
public sector banks, undertakings have yet to find women directors and few
people may still hold prejudices against women; but women should cross the
threshold in the corporate world,” she said.

Blog

GUIDE TO ACHIEVING FINANCIAL FREEDOM: BASICS OF STARTING EARLY FOR A COMFORTABLE
RETIREMENT

The idea is to create enough assets that could provide a stream of income to let
the goals be met at different life stages. Let’s see what it takes to achieve
financial freedom for oneself.

Banking

‘NEXT 25 YEARS ARE IN YOUR HANDS’: FM TO BANKS

The Finance Minister said that the banking industry needs to serve Amrit Kaal
and we have to see how best we can lift ourselves to meet aspirations of a
growing India.

View More


TOP FEATURED STORIES

Insurance / 7 days ago


INSURERS BULLISH ON UBI IN INDIA, EXPECT LARGER ADOPTION OF 'PAY AS YOU DRIVE'

As expected by the Insurance companies, majorly the younger car owners from
metro cities have shown significant early interest towards the Pay As You Drive
product. Being a pocket friendly option and with the influx of hybrid work
cultures, insurers are bullish that PAYD is set for major uptake. Here's what
they said.

 * Insurance
   
   ASSAM FLOOD AFTERMATH: MOTOR AND PROPERTY INSURANCE MOST IMPACTED, NO NEW
   CLAIMS IN AUG

 * Editor's View
   
   SENSEX AT 60,000; THE CURIOUS CASE OF INDIAN ECONOMICS

 * Fintech
   
   BORN OUT OF A CHAI SHOP TO UNICORN IN JUST 1 YEAR, 5IRE NOW EYES BILLION
   DOLLAR REVENUE

 * Editor's View
   
   THE FEAR OF RECESSION..

View More


BLOG

 * ARE NBFCS READY FOR SCALE BASED REGULATION?

 * Sanjiv Bajaj - Jt. Chairman & MD, Bajaj Capital Ltd.
   
   GUIDE TO ACHIEVING FINANCIAL FREEDOM: BASICS OF STARTING EARLY FOR A
   COMFORTABLE RETIREMENT

 * TECH IS TRANSFORMING INSURANCE, 5G WILL TAKE IT FURTHER

 * Naveen Bindal - Co-founder, EnKash
   
   MODERN CARD-ISSUING APIS TO PLAY A MAJOR ROLE IN BETTER CARD PENETRATION

 * Mukund Rao - Co-Founder, muvin
   
   UNDERSTANDING WHY AND HOW CASHLESS POCKET MONEY BECOMES TEENAGERS’ CHOICE

 * Jasmin B Gupta - Co-founder and CEO, LXME
   
   INDIA, THE NEW HUB OF NEOBANKS 2.0

View More


FINTECH

Fintech / 3 hrs ago


MOBIKWIK LAUNCHES INVESTMENT PRODUCT XTRA, SCALES AUM TO OVER RS 100 CRORE

The product, which has been tested over the past month, allows users to invest
as little as Rs 1,000 and looks to provide interest of up to 12% per annum on
these deposits, with an option to withdraw the corpus at any time.

 * Fintech / 3 hrs ago
   
   WANTED CRYPTO FOUNDER DO KWON SAYS 'NOT ON THE RUN'

 * Fintech / 3 hrs ago
   
   SINGAPORE’S MAS AND IFSCA INK PACT TO PURSUE CROSS-BORDER FINTECH INNOVATIONS

 * Fintech / 22 hrs ago
   
   INDIA, SINGAPORE HOLD MINISTERIAL MEETING; DISCUSS FINTECH, REGULATORY
   COOPERATION

 * Fintech / 1 day ago
   
   ED FREEZES ACCOUNTS OF COS WITH CHINESE LINK IN CRYPTO SCAM

View More


POLICY

Policy / 3 hrs ago


EX-RBI GUV BATS FOR MAINTAINING HAWKISH STANCE ON RATES

He also said the country has to clock an 8-9 per cent year-on-year growth for
the next five years to achieve the target of a USD 5-trillion economy.

 * Policy / 2 days ago
   
   TRADERS START PRICING IN CHANCE OF ECB RATE CUT LATE NEXT YEAR

 * Policy / 4 days ago
   
   RBI LIKELY TO RAISE RATES BY 50BPS, INFLATION TO COME DOWN ONLY IN NOV: SBI
   ECOWRAP

 * Policy / 5 days ago
   
   PACE OF RATE HIKES IN INDIA SHOULD BE CALIBRATED FROM HERE ON: ASHIMA GOYAL

 * Policy / 6 days ago
   
   RBI DEPUTY GOVERNOR PITCHES FOR DATA LAW TO PROTECT CUSTOMERS' PRIVACY

View More


NBFC



 * GOVT CONSIDERS PROPOSAL TO ACCORD DFI STATUS TO REC

 * WARBURG EYES 30% STAKE IN INDIAN SHADOW BANK VISTAAR FOR $150 MN: SOURCES

 * UIDAI LOOKING TO ONBOARD MORE NBFCS FOR ONLINE AUTHENTICATION SERVICE

 * SHRIRAM CITY UNION FIN PLANS TO RAISE UP TO RS 400 CR DEBT CAPITAL

 * CONSUMER LOANS, UNSECURED SME ONLY NBFC SEGMENT TO SEE PRE-COVID ERA GROWTH:
   CRISIL

 * RELIANCE COMMERCIAL FINANCE HEADS TO A RESOLUTION BY THE MONTH-END

 * FITCH AFFIRMS RATINGS, MAINTAINS STABLE OUTLOOK FOR FOUR NBFCS

 * NBFCS TO SEE FOUR-YEAR HIGH AUM GROWTH, TOUCH DOUBLE DIGITS AGAIN

 * BAJAJ FINSERV TO TRADE EX-BONUS AND EX-SPLIT ON TUESDAY

 * RELIANCE CAP SUITORS SEEK EXTENSION OF UP TO 4 MONTHS FOR SUBMISSION OF
   BINDING BIDS

 * NIPPON LIFE KEY TO RCAP RESOLUTION

 * GOVERNMENT DECIDES TO CANCEL DORMANT NBFCS TO AVOID MISUSE

 * RBI CANCELS COR OF ET DEVASSY, WHILE TAB CAPITAL SURRENDERS REGISTRATION OF
   NBFC

 * LENDERS REVIEW RESOLUTION PROCESS OF RELIANCE CAPITAL

 * BIZ2X PARTNERS WITH B2B MARKETPLACE TRADEINDIA TO PROVIDE FINANCING SOLUTIONS
   TO MSMES

 * IN SEPT, MAHINDRA FINANCE EXPECTS FURTHER FALL IN NPAS AS RURAL DEMAND HOLDS
   UP: RAMESH IYER

 * UGRO CAPITAL OPENS ISSUE OF SECURED NCDS WITH YIELD OF UP TO 11.01%

 * COSMEA OFFERS RS 4,500 CRORE BID FOR RELIANCE CAPITAL AND RS 1,000 CR CAPITAL
   INFUSION PLAN

 * IL&FS LENDERS TO RECEIVE ₹16,000 CRORE IN Q3

 * LENDERS RECEIVE 14 RESOLUTION PROPOSALS FOR RELIANCE CAPITAL

View More


MORE FROM ETBFSI

 * Banking / 5h hrs ago
   
   
   WHY ARE BANKS BEING ROBBED IN OPEN DAYLIGHT IN LEBANON? READ TO KNOW
   
   Banks in Lebanon are under threat as people are robbing these installations
   to get access to their own money. Lebanon has seen three-quarters of its
   people plunge below poverty line and has been struggling economically since
   2019.

 * Financial Services / 5h hrs ago
   
   
   SENSEX REBOUNDS SHARPLY ON LOW LEVEL BUYING IN IT, BANK STOCKS
   
   Bank Nifty will continue to be the pillar of support for Nifty and near-term
   sentiments are negative for IT despite reasonable valuations, he said, adidng
   that the situation is very fluid and therefore it would be better for
   investors to wait and watch till the Fed meeting is over.

 * Financial Services / 2h hrs ago
   
   
   ASIAN STOCKS BRACE FOR SALVO OF CENTRAL BANK HIKES
   
   That risk saw two-year Treasury yields surge 30 basis points last week alone
   to reach the highest since 2007 at 3.92%, so making stocks look more
   expensive in comparison and dragging the S&P 500 down almost 5% for the week.

 * Banking / 2h hrs ago
   
   
   U.S. BANK REGULATORS CONSIDER NEW RULES FOR REGIONAL BANKS IN TIMES OF CRISIS
   
   The new steps include the regional banks raising long-term debt that will
   help absorb losses in cases of insolvency, the WSJ reported adding three
   people familiar with the matter.

 * Banking / 2h hrs ago
   
   
   GOVT PULLS UP PRIVATE BANKS FOR LOW SHARE IN SOCIAL SCHEMES
   
   The ministry has also asked banks to increase their share of credit to the
   industry and said that the government would survey banks and rate them for
   customer service.

 * Banking / 2h hrs ago
   
   
   PSU BANKS GIVE DIGITAL LENDING A PUSH AS PART OF EASE REFORM AGENDA
   
   As part of EASE 4.0 reforms, state-owned banks were asked to focus on digital
   lending, co-lending with non-banking firms, agriculture financing, and
   technological resilience for 24x7 banking.

 * Industry / 2h hrs ago
   
   
   RUSSIA TO NAME BANK SOON FOR TRADE SETTLEMENT WITH INDIA IN RUPEES
   
   “The State Bank of India has come forward for facilitating trade in rupees
   with Russia and some other banks have also shown interest,” A. Shaktivel told
   reporters, adding that India already has “a good rupee payment mechanism in
   Iran, so the same thing will happen [with Russia].”

 * Banking / 2h hrs ago
   
   
   BAD BANK PLANS TO BUY 18 DISTRESSED A/CS TOTALLING RS 39,921 CRORE BY OCTOBER
   31
   
   NARCL has engaged consultants such as EY, PwC, Alvarez and Marsal, KPMG,
   Grant Thornton to conduct due diligence for the 18 accounts. It will rely on
   the due diligence reports to finalise binding offers for these accounts.

View More


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CRYPTOCURRENCY

 * ETHEREUM NOSEDIVES BELOW $1500 AFTER MERGE UPGRADE

 * US SEC'S CRYPTO GUIDELINES PUSH UP COSTS FOR LENDERS, DISRUPTING PROJECTS

 * INDIAN BLOCKCHAIN INDUSTRY HAILS ETHEREUM MERGER FOR GREENER CRYPTO

 * CRYPTO TRADERS FLEE INDIAN EXCHANGES FOR BINANCE TO ESCAPE TAXES

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