| ETBFSI Newsletter | Thursday, May 8, 2025 |
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Daily Newsletter
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Top Stories
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In Q4FY25, the average NIM for SCBs declined five basis points year-on-year to 3.55%, with public sector banks (PSBs) seeing a sharper 22 bps fall due...
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As per Punjab National Bank's Q4 FY25 investor presentation, the total corporate loan book is approximately Rs 4,63,367 crore. This figure correspond...
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Market activity indicates a shift to a wait-and-watch stance, with issuers evaluating the evolving situation before committing to longer-term borrowin...
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Out of 3000 personnel, the recruitment process for 2000 customer service associates will conclude in Q1 of FY26, while 1000 specialist officers will b...
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While such military actions often trigger short-term volatility in financial markets, past data suggests that the impact tends to be limited and short...
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Banking
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QNB, the Middle East and Africa's largest financial institution, has inaugurated a branch in India's GIFT City, marking its expansion into the burgeon...
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State-owned Punjab National Bank (PNB) on Wednesday reported 52 per cent rise in net profit at Rs 4,567 crore for March quarter FY25. The lender had e...
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RBL Bank has announced the appointment of Kumar Ashish as President - Head of Retail Assets and Collections; and Himanshu Mishra as National Head - Br...
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HDFC Bank has announced a reduction in its Marginal Cost of Funds-based Lending Rates. This will benefit borrowers with loans linked to this benchmark...
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NBFC
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Piramal Enterprises experienced a 25% drop in net profit for the March quarter, despite a 17% rise in assets under management. The profit stood at Rs1...
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Non-bank lenders in Mumbai plan to address the Reserve Bank of India regarding proposed co-lending rule changes. The new model suggests joint loan dis...
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Aptus Value Housing Finance reported a 26% YoY rise in Q4 net profit to Rs 207 crore, aided by strong revenue growth and business expansion, despite m...
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Fintech
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Global fintech funding saw a marginal dip in April, declining slightly from USD 5.88 billion in March to USD 5.86 billion, with 167 deals recorded. Pl...
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Financial Services
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The Indian rupee experienced its most significant single-day decline in a month, weakening by nearly 0.5% to 84.8250 against the U.S. dollar, fueled b...
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US-INDIA-STOCKS-Foreign investors boost purchases of India's financial shares in April
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Policy
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The Reserve Bank of India (RBI) announced a new consultative framework for issuing guidelines, allowing stakeholders 21 days to comment on draft regul...
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The Reserve Bank of India has officially granted recognition to the Fixed Income Money Market and Derivatives Association of India (FIMMDA) as a Self-...
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Gold accounted for 11.7% of the total forex reserves in dollar terms at end-March 2025, up from 9.32% in September 2024 and 8.15% a year earlier.
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The finance ministry is inclined to support banks seeking a review of the Supreme Court's decision to overturn JSW Steel's acquisition of Bhushan Powe...
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Industry
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Union Finance Minister Nirmala Sitharaman emphasized the growing need for universal regulatory mechanisms to keep pace with rapidly evolving technolog...
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India's private equity and venture capital (PE-VC) investments staged a recovery in 2024, growing by approximately 9 per cent to reach $43 billion acr...
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