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Banking
NARCL’S FIRST BID: WILL IT HELP CLEAN BANK’S BALANCE SHEETS?
In this edition of ETBFSI Explains, we look at NARCL which was a step taken by
the Government to clean up the bad loans that existed in the banking system. It
has been over a year and a half since NARCL was established. This article
explores the status of the organisation, the NPAs taken over and what the road
ahead looks like.
LATEST NEWS
* 4h hrs ago Cash with public 75% higher than on note ban day
* 4h hrs ago How will RBI's CBDC Digital Rupee work, how is it different from
digital money?
* 4h hrs ago SGX Nifty up 90 points; here's what changed for market while you
were sleeping
* 4h hrs ago FD interest rate: SBI, PNB, Bank of Baroda, Canara Bank or other
lenders — Which PSU Bank is offering highest return on fixed deposits?
* 4h hrs ago Bank credit outpaces deposit growth during busy biz cycle
* 4h hrs ago HDFC Bank hikes loan interest rates: EMIs to increase further
* 25m mins ago Cash with public 75% higher than on note ban day
* 20m mins ago Sebi wants say in inspections; RBI yet to relent
View More
Banking
TECHNOLOGY AND TALENT: TWO CHALLENGES FOR INDIAN BANKS
Are banks facing a tech and talent crunch today? Top bankers of India
highlighted how technology and talent have become the major challenges for
Indian banks and how they're striving amid such shortcomings.
Banking
THE HITS AND PITS OF BANKING IN Q2
With almost all the banks reporting stellar growth numbers in all parameters, it
can be said that the banking industry has seen robust growth post-covid-19.
However, there have been some outliers and black horses too. Check out a
detailed article on the banking sector's second-quarter results here.
Banking
‘WELL CAPITALISED, LOOK TO UNLOCK INVESTMENTS IN CURRENT FY’: SBI CHIEF ON Q2
RESULTS
SBI has posted the highest ever quarterly net profit at ₹13,265 crores whereas
its year-on-year (YoY) net profit has risen to 73.93 per cent exact number. Here
is the bank’s detailed report card and what the chief said about the
performance:
Banking
SBI Q2 RESULTS: BANK POSTS HIGHEST EVER QUARTERLY NET PROFIT AT ₹13,265 CRORES,
SURGE OF 74% YOY
Bank’s net interest income stands at ₹35,183 crore, around 12.83 per cent higher
on YoY basis as its net interest income in Q2FY22 stood at ₹31,184 crore.
Editor's View
CBDC: A NEW ERA BECKONS
Central banks globally now see multiple use cases of CBDCs from greater
financial inclusion to lower cash management costs to swift cross-border
payments to ensuring financial stability in the wake of the crypto surge.
Blog
THE INDIA OPPORTUNITY WITHIN THE GLOBAL MAYHEM
As global inflation rates have touched their highest in 40 years, central banks
have been raising interest rates this year with a synchronicity not seen in the
past five decades, and the US dollar has hit its strongest level since the early
2000s. These forces are driving the subdued forecasts.
View More
TOP FEATURED STORIES
Banking / 1 day ago
‘WELL CAPITALISED, LOOK TO UNLOCK INVESTMENTS IN CURRENT FY’: SBI CHIEF ON Q2
RESULTS
SBI has posted the highest ever quarterly net profit at ₹13,265 crores whereas
its year-on-year (YoY) net profit has risen to 73.93 per cent exact number. Here
is the bank’s detailed report card and what the chief said about the
performance:
* Insurance
‘TO BOOST INSURANCE LIKE UPI DID TO BANKING’: LEADERS BET BIG ON BIMA SUGAM
* Policy
RBI TO REGULATE OFFLINE PAYMENT AGGREGATORS AT PAR WITH ONLINE PEERS; HERE'S
WHAT EXPERTS SAY
* Financial Services
EXPLAINED: WHAT IS UPI-LINKED RUPAY CREDIT CARD AND HOW WILL IT WORK?
* Insurance
INSURERS BULLISH ON UBI IN INDIA, EXPECT LARGER ADOPTION OF 'PAY AS YOU
DRIVE'
View More
BLOG
* Balachander Sekhar - Co-founder, RenewBuy
TSUNAMIC WAVE OF INSURTECH IN INDIA- THE FUTURE
* Aditya Harkauli - Chief Business Officer, Indifi Technologies
DIGITAL LENDING : WHY DESIGNING “CREDIT JOURNEYS” IS IMPORTANT TO
COUNTERBALANCE GROWTH WITH RISK
* K V Srinivasan - Executive Director and CEO, Profectus Capital
MSMES COMING OF AGE WITH RAPID DIGITALISATION
* Niraj Shah - Country Head - Global Corporates & Institutional Banking Group,
IndusInd Bank
THE INDIA OPPORTUNITY WITHIN THE GLOBAL MAYHEM
* Jyoti Prakash Gadia - Managing Director, Resurgent India
DIGITAL RUPEE LAUNCHED - ITS IMPACT ON INDIAN ECONOMY AND BANKS
* Subhasish Mazumder - National Head – Motor Business, Bajaj Allianz General
Insurance
THINGS TO CONSIDER WHILE BUYING INSURANCE COVER FOR ELECTRIC VEHICLE
View More
FINTECH
Fintech / 5 hrs ago
MUMBAI-BASED VENTURE DEBT MARKETPLACE TO SET UP AIF FOR EARLY-STAGE FUNDING
"The AIF, a private equity fund in India, will raise money from Indian investors
for the Indian companies," Mumbai-based 8vdx founder Ravi Chachra said on the
sidelines of Singapore Fintech Festival
* Fintech / 1 day ago
SANTANDER TO BLOCK UK TRANSFERS TO CRYPTO EXCHANGES IN 2023
* Fintech / 2 days ago
INDIA NEEDS ITS VOICE FOR CRYPTO AFTER BHARAT WEB3 ASSOCIATION COMES INTO
EXISTENCE, SAY EXPERTS
* Fintech / 2 days ago
REVOLUT APPOINTS ARJUN MEHTA AS CFO FOR INDIA
* Fintech / 2 days ago
COMBINATION OF GOVERNMENT AGENCIES, DOMAIN EXPERTS, FORENSIC ACCOUNTANTS TO
HELP CURB LOAN FRAUDS
View More
POLICY
Policy / 5 hrs ago
SEBI WANTS SAY IN INSPECTIONS; RBI YET TO RELENT
Efforts are on to find a middle ground in the negotiations with the European
Securities and Markets Authority (ESMA) which has derecognised six key
institutions including Clearing Corporation of India (CCIL) and NSE Clearing
Limited (NSCCL) which are central counterparties (CCPs) for settlement of trades
in foreign exchange, gilts, and currency and interest rate derivatives.
* Policy / 1 day ago
CHINA CENTRAL BANK DEPUTY GOVERNOR FACES CORRUPTION PROBE
* Policy / 2 days ago
RBI RESPONSE TO GOVT ON MISSED INFLATION TARGET LIKELY BY NOVEMBER 11
* Policy / 2 days ago
EUROPEAN CENTRAL BANK LEADER DOUBLES DOWN ON RATE INCREASES
* Policy / 2 days ago
RBI LIKELY TO ASSURE GOVERNMENT IT WILL REIN IN INFLATION IN FY24
View More
NBFC
* RELIANCE CAPITAL LENDERS DIVIDED OVER 'CHALLENGE MECHANISM'
* RELIANCE CAPITAL LENDERS DIVIDED OVER 'CHALLENGE MECHANISM'
* RELIANCE CAPITAL LENDERS DIVIDED OVER 'CHALLENGE MECHANISM'
* RIL ROPES IN KAMATH AS NBFC VENTURE’S CHAIRMAN
* MSME UNION CISME PARTNERS WITH TWO BANKS FOR EASE OF CREDIT
* CHOLAMANDALAM INVESTMENT & FINANCE SURGES 6% AFTER Q2 RESULTS
* SUNDARAM FINANCE POSTS 46% GROWTH IN CONSOLIDATED NET PROFIT
* RELIANCE CAPITAL LENDERS TO MEET ON FRIDAY TO DECIDE ON CHALLENGE MECHANISM
* FIVE STAR BUSINESS FINANCE'S RS 1,960 CR IPO TO OPEN ON NOV 7
* NBFCS SHINE BRIGHT WITH STELLAR Q2 NUMBERS
* FIVE-STAR BUSINESS FINANCE IPO TO OPEN ON NOV 9; PRICE BAND FIXED AT RS
450-474
* CHOLAMANDALAM INVESTMENT & FINANCE SURGES 6% AFTER Q2 RESULTS
* MAHINDRA FINANCE NET PROFIT FALLS 55 PC IN JULY-SEPTEMBER
* RELIANCE CAPITAL BIDDERS RAISES MULTIPLE LEGAL ISSUES INVOLVING RS 20,000 CR
FINANCIAL IMPLICATION
* IIFL FINANCE AIMS TO TRIPLE CO-LENDING TO OVER RS 13,000 CRORE
* FUSION MICRO FINANCE IPO SUBSCRIBED 2% IN 90 MINS OF BIDDING PROCESS
* LIC HOUSING FINANCE NET PROFIT RISES 23% IN SECOND QUARTER
* FUSION MICRO FINANCE IPO TO OPEN TOMORROW: SHOULD YOU SUBSCRIBE TO THE ISSUE?
* PNB HOUSING FINANCE EXPECTS 40 PC JUMP IN DISBURSALS THIS FISCAL: MD & CEO
KOUSGI
* NEOGROWTH RAISES USD $20 MLN VIA ECBS FROM UNITED STATES DFC
View More
MORE FROM ETBFSI
* Financial Services / 4h hrs ago
CASH WITH PUBLIC 75% HIGHER THAN ON NOTE BAN DAY
Currency with the public has jumped to a new high of Rs 30.9 lakh crore as of
October 21, showing that cash usage is still robust even six years after the
demonetisation move. At Rs 30.
* Financial Services / 4h hrs ago
HOW WILL RBI'S CBDC DIGITAL RUPEE WORK, HOW IS IT DIFFERENT FROM DIGITAL
MONEY?
RBI believes that the digital rupee system will "bolster India’s digital
economy, enhance financial inclusion, and make the monetary and payment
systems more efficient."
* Financial Services / 4h hrs ago
SGX NIFTY UP 90 POINTS; HERE'S WHAT CHANGED FOR MARKET WHILE YOU WERE
SLEEPING
Major Asian stocks opened higher on Monday as global market sentiment
improved on solid US jobs data and hopes for an economic reopening in China.
MSCI's index of Asia-Pacific shares outside Japan was trading 0.63 per cent
higher.
* Banking / 4h hrs ago
FD INTEREST RATE: SBI, PNB, BANK OF BARODA, CANARA BANK OR OTHER LENDERS —
WHICH PSU BANK IS OFFERING HIGHEST RETURN ON FIXED DEPOSITS?
Fixed deposits continues to remain one of the most popular investment options
in India. If you are planning to invest in a fixed deposit, then you must
compare the latest rates offered by the lenders before choosing one. We have
compiled the latest fixed deposit interest rates offered by public sector
banks in India. Check latest FD interest rates offered by SBI, Punjab
National Bank, Bank of Baroda, Canara Bank, and other PSU banks here
* Banking / 4h hrs ago
BANK CREDIT OUTPACES DEPOSIT GROWTH DURING BUSY BIZ CYCLE
“Credit growth has further accelerated to 18% as of October 21, while
deposits continue to grow at 9.5%. But rather than scale up deposit growth,
banks are falling back on their investment and increasing their ratio of
credit to deposit. Most banks have raised their credit-deposit ratio to over
80%,” said a TOI report.
* Banking / 4h hrs ago
HDFC BANK HIKES LOAN INTEREST RATES: EMIS TO INCREASE FURTHER
HDFC Bank, a private sector lender, increased their lending rate based on the
marginal cost of capital (MCLR). On November 7, 2022, the new loan interest
rates will go into effect.
* Financial Services / 25m mins ago
CASH WITH PUBLIC 75% HIGHER THAN ON NOTE BAN DAY
At Rs 30. 9 lakh crore, the currency with the public is about 75% higher than
the level for the fortnight ended November 4, 2016.
* Policy / 20m mins ago
SEBI WANTS SAY IN INSPECTIONS; RBI YET TO RELENT
Efforts are on to find a middle ground in the negotiations with the European
Securities and Markets Authority (ESMA) which has derecognised six key
institutions including Clearing Corporation of India (CCIL) and NSE Clearing
Limited (NSCCL) which are central counterparties (CCPs) for settlement of
trades in foreign exchange, gilts, and currency and interest rate
derivatives.
View More
BFSI VIDEOS
* BANK-FINTECH RELATIONSHIP A POSITIVE-SUM GAME: CASHE CTO & CBO
The new guidelines pertaining to digital lending, introduced by the RBI are
definitely a welcome move in terms of how the industry should adhere to a
framework while handling customer’s data, said Yashoraj Tyagi, CTO and CBO,
CASHe while speaking at the 4th Edition of ETBFSI CXO Conclave. There has
been a massive shift in the last 5 years in the way customers handle digital
credit. Invariably, this has led to a shift in the way organisations access
data. "Ultimately, as the guidelines dictate, customers should be the centre
of how they choose to give access to data," he said. Additionally, Tyagi
spoke on how BNPL as a financial product, has worked in the Indian economy.
“It has worked so far because India has shifted from a tabooed-economy to one
which is driven by a healthy combination of savings and credit. However, the
possibility of BNPL rising exponentially is doubtful.” Lastly, Tyagi
acknowledged how the Bank-Fintech relationship is a positive-sum game. Both
entities come with their own strengths and key values to the table. So, when
such collaboration happen, both parties tend to benefit.
* 14 days ago
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CRYPTOCURRENCY
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