| ETBFSI Newsletter | Monday, April 29, 2024 |
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Daily Newsletter
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Top Stories
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The CEO told that the company is closing this quarter (Q4FY24) at Rs 1600 crores of AUM with revenue around Rs 200 crores and profitability around Rs ...
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At the ETBFSI NBFC Connect'24 Summit in Chennai, leaders said by reaching the last mile they bring more value to the credit ecosystem.
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In India, women have long encountered obstacles in accessing financial services, but recent trends suggest a shifting landscape. A recent report by Ti...
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Banking
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S&P Global Ratings forecasts robust credit growth, profitability, and asset quality for Indian banks in FY25, yet warns of potential slowdown in loan ...
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"The RBI had given the dispensation on CRR maintenance in 2022 to at least one private bank which was facing some issues, but that dispensation does n...
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AU Small Finance Bank, the largest lender of the pack, has met all the eligibility criteria set by the regulator. AU has Rs 12,560 crore of net worth,...
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ICICI-BANK-ICICI Bank beats Q4 profit estimates on strong loan growth, but margin shrinks
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YES-BANK-India Yes Bank posts Q4 profit beat on lower provisions
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RBL Bank Q4 results: RBL Bank posted a 30% increase in net profit, reaching Rs 353 crore for the quarter ending March 31, 2024, compared to Rs 271 cro...
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Total income rose to Rs 9,861 crore from Rs 7,822 crore a year ago, IDFC FIRST Bank said in a regulatory filing. Interest income grew to Rs 8,219 cror...
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Private banks are experiencing a significant increase in information technology expenses as most transactions are now conducted digitally. Unlike the ...
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The tier-2 bonds have a loss absorbency feature, which means that if a bank fails, its tier-2 bondholders will absorb any losses ahead of its deposito...
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NBFC
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As per the approved resolution plan, IIHL has to make an upfront payment of Rs 9,650 crore to the RCAP lenders.
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Financial Services
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A group led by a Bengaluru-based investment manager has contested ICICI Bank's bid to delist its brokerage arm, ICICI Securities. Despite shareholder ...
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Manu Rishi Guptha and minority shareholders have challenged ICICI Bank's delisting bid for ICICI Securities at NCLT. Shareholders had approved merger ...
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A fresh set of 'alert indicators' have been issued by India's financial intelligence unit (FIU) for capital markets, insurance companies, online payme...
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Policy
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Equity markets are impacted more by the expectations of future monetary policy than the policy rate surprises on the day of announcement of the policy...
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The last time the US central bank chair spoke, he signaled that policymakers were likely to keep borrowing costs high for longer than previously...
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Goyal pointed out that the ILO report also shows that youth unemployment has been falling in the recent period, it was 17.5 per cent in 2019 and 10 pe...
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Industry
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The US data this week indicated inflation accelerated in the first quarter, reinforcing expectations the Federal Reserve is likely to keep interest ra...
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In contrast to a cautious assessment of the global scenario, the Indian economy continues to exhibit strong economic performance with broad-based grow...
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The currency in circulation has more than doubled from Rs 13.35 lakh crore in March 2017 to Rs 35.15 lakh crore in end March 2024. Significantly the c...
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"Construction and agriculture are likely to be impacted more. Within agriculture, the vegetable output might get impacted more, as most of the cereal ...
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A Delhi High Court order on Friday allowing lessors to repossess their aircraft has further dented hopes of reviving Go First, they said. Ajay Singh, ...
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