| ETBFSI Newsletter | Saturday, May 10, 2025 |
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Daily Newsletter
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Top Stories
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While SMBC gains a strategic position in India's banking market through this investment, the success of the bet will depend on Yes Bank's ability to...
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Bank of India added 158 branches in FY25, taking the total to 5,306. It plans to add 200 more and hire around 1,500 staff in FY26. The bank operates 8...
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According to the RBI, ranking of loan offers will only be allowed if based on publicly disclosed metrics, and this should not be interpreted as favour...
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The recruitment process will involve several stages, including a written examination, document verification, a personal interview, and a medical exami...
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Banking
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As tensions rise along the border, banks remain on high alert. We created Emergency Response Teams a week ago; ATMs and branches are fully operatio...
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Going forward, NIMs are expected to remain under pressure in the first half of FY26, in the range of 2.8-2.9%, before improving slightly in the second...
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State Bank of India (SBI) is set to divest a 13.19% stake in Yes Bank to Japan's Sumitomo Mitsui Banking Corporation (SMBC) for â¹88.89 billion. Foll...
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State Bank of India, Punjab National Bank and several other lenders on Friday said their ATMs are fully functional, well-stocked, and that digital ser...
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State Bank of India and Yes Bank boards are convening Friday to finalize the sale of stakes to Sumitomo Mitsui Banking Corp. SMBC will acquire a 20% s...
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Public Sector Undertaking banks are now favourites. Foreign Institutional Investors and Domestic Institutional Investors are showing increased interes...
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IndusInd Bank acknowledges an independent review flagged potential insider trading issues involving its CEO and deputy, who traded shares before publi...
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Moody's downgraded IndusInd Bank's baseline credit assessment due to concerns about management oversight and strategic uncertainty following leadershi...
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Amidst the ongoing tensions with Pakistan, Finance Minister Nirmala Sitharaman has directed banks and financial institutions to maintain uninterrupted...
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Insurance
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General insurers contributed the majority, with premium collections rising 14% YoY to Rs 30,662 crore. Standalone health insurers also recorded an 11%...
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A hacker known as xenZen, who previously leaked Star Health's customer data, has claimed responsibility for sending death threats and bullets to the i...
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NBFC
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Muthoot Microfin faced a significant setback, reporting a net loss of Rs 401 crore in the fourth quarter due to a surge in provisions for bad loans an...
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Fintech
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Paytm's founder, Vijay Shekhar Sharma, his brother Ajay, and One 97 Communications settled a disclosure violation case with Sebi, paying â¹2.79 crore...
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Financial Services
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India's forex reserves dropped USD 2.065 billion to USD 686.064 billion for the week ended May 2, the RBI said on Friday.
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Neo Group, an Indian money manager, is intensifying competition for talent by offering senior bankers up to 60% of the revenue they generate. This agg...
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ICICI BANK-SUBSIDIARIES/ (PIX)India's ICICI Venture to shift PE, real estate funds businesses to ICICI Pru AMC
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The 1-month non-deliverable forward indicated that the rupee will open at 85.80 to 85.90 to the U.S. dollar compared with 85.71 in the previous sessio...
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Policy
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The Reserve Bank of India (RBI) has alerted banks and NBFCs about potential cyber attacks originating from Pakistan, prompting heightened security mea...
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INDIA-MARKETS/RUPEE (URGENT)Indian central bank likely selling dollars to support rupee, traders say
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