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Nirmala Sitharaman assumes charge, ET BFSI

Nirmala Sitharaman assumes charge, ET BFSI

Nirmala Sitharaman on Wednesday assumed the charge of Union Finance Minister in Modi3.0For the second consecutive term in a row.She was earlier a Minister of State during the first term of the Modi Government (2014-2019).While assuming the charge, she expressed her...

ECB cuts rates, US payrolls surge, ET BFSI

ECB cuts rates, US payrolls surge, ET BFSI

The European Central Bank delivered the interest-rate reduction it’s been flagging for months — moving away from a record high — but stopped short of indicating more cuts may follow.In the US, payrolls surged in May and wage growth accelerated, prompting traders to...

Piyush Goyal on RaGa’s June 4 crash claim, ET BFSI

Piyush Goyal on RaGa’s June 4 crash claim, ET BFSI

Conspiring to mislead market investors: Piyush Goyal on RaGa’s June 4 crash claim In a quick response to Rahul Gandhi’s attack on Prime Minister Narendra Modi and Home Minister Amit Shah accusing them behind the June 4 market crash, BJP leader Piyush Goyal said he is...

Where and how to watch live vote counting, ET BFSI

Where and how to watch live vote counting, ET BFSI

All eyes are on the results of the Lok Sabha elections set for Tuesday, featuring numerous high-profile electoral battles. The voting for the 543-member Lok Sabha (with Surat and Indore seats uncontested) was conducted over seven phases from April 19 to June 1.The...

Experts, BFSI News, ET BFSI

Experts, BFSI News, ET BFSI

Chennai, The return of Bharatiya Janata Party (BJP)-led National Democratic Alliance (NDA) to power for the third time in succession, as predicted by various Exit Polls, augurs well for the Indian economy as it provides stability and continuity in policy-making, said...

RBI Annual Report, ET BFSI

RBI Annual Report, ET BFSI

The Reserve Bank of India (RBI) along with NPCI international payments ltd (NIPL) will work towards taking UPI to 20 countries by FY29. RBI Annual report says possibilities will be explored for increasing the global footprints of UPI and RuPay."In light of goals for...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

Job postings increased 31% year-on-year in the first four months of 2024, mostly driven by sectors including e-commerce, BFSI (banking, financial services and insurance) and hospitality, according to jobs and professional networking platform apna.co.“With the...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

The report highlights the contribution of startups in accelerating the overall hiring for freshers Technological advancements, infrastructural development and easy availability of talent pool have helped India develop a booming startup ecosystem, and this has created...

Govt’s cash balance surges, banks starve, ET BFSI

Govt’s cash balance surges, banks starve, ET BFSI

Mumbai: The ongoing general elections have thrown up a problem of plenty for the government - its cash balances are much higher than before the previous two Lok Sabha polls, but curbs on spending mean that banks are parched of funds while the Centre tries hard to...

Ind-RA, BFSI News, ET BFSI

Ind-RA, BFSI News, ET BFSI

India Ratings and Research expects the country's GDP growth rate for the March quarter at 6.2 per cent and around 6.9-7 per cent for the 2023-24 fiscal, its principal economist Sunil Kumar Sinha said. The GDP numbers for the fourth quarter (January-March 2024) and the...

DFS Secretary, BFSI News, ET BFSI

DFS Secretary, BFSI News, ET BFSI

New Delhi: There is a need to review and rationalise the schemes running for micro, small and medium enterprises to increase their reach, said Vivek Joshi, secretary, department of financial services, ministry of finance. There are over 300 schemes for MSMEs run by...

A virtual hold for a real crime, BFSI News, ET BFSI

A virtual hold for a real crime, BFSI News, ET BFSI

Mumbai: Amid suspicions that money robbed in a cyber attack and laundered are parked in cryptos, the idea of a 'designated official wallet' to hold and ring fence crypto currencies bought with the proceeds of crime has cropped up.Soon after a transaction by a scammer...

ADB Chief Economist, ET BFSI

ADB Chief Economist, ET BFSI

New Delhi: India needs to focus on factor market reforms like land and labour to propel India's growth to a double-digit trajectory, ADB Chief Economist Albert Park has said. "There are still concerns that the basic factor markets like land and labour in the formal...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

A recent report by IndiaP2P revealed that women are outpacing men in credit uptake year-on-year. CY23 witnessed women borrowers with active loans outpacing men growing from 67 million active borrowers to 78 million. This pace of growth is extremely encouraging and...

Finance minister Nirmala Sitharaman, ET BFSI

Finance minister Nirmala Sitharaman, ET BFSI

New Delhi: Finance minister Nirmala Sitharaman on Thursday said eastern India has potential to emerge as the country's growth engine with a decisive push to industrialisation, adding that a mineral-rich state like Jharkhand must get rid of rampant corruption to draw...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

NEW DELHI: India ranked as the third-largest country globally for phishing attacks after the US and UK, with its technology sector facing nearly 33 per cent of all such strikes, marking it as the most targeted industry, according to a report.The report by...

Experts, BFSI News, ET BFSI

Experts, BFSI News, ET BFSI

Intensifying heatwave is unlikely to significantly dent India's growth, even though it could cause some disruption in construction and farm activity, said experts."Construction and agriculture are likely to be impacted more. Within agriculture, the vegetable output...

Ministry of Finance, BFSI News, ET BFSI

Ministry of Finance, BFSI News, ET BFSI

It further added that the manufacturing sector is also expected to maintain its momentum on the back of sustained profitability and pick-up in rural demand.New Delhi: In contrast to the global scenario, the Indian economy continues to exhibit strong economic...

BOJ holds; US inflation won’t let up, ET BFSI

BOJ holds; US inflation won’t let up, ET BFSI

The Bank of Japan kept interest rates unchanged, driving the yen to a fresh 34-year low, while US inflation showed few signs of simmering down.The Japanese yen slumped as BOJ Governor Kazuo Ueda played down the impact on inflation from a weakening currency. While he’s...

Nirmala Sitharaman takes dig at Congress, ET BFSI

Nirmala Sitharaman takes dig at Congress, ET BFSI

Union Minister Nirmala Sitharaman on Monday criticised the previous UPA govt and said India needs political stability, clear vision and intensive action on the economy, or the country runs the risk of having another "five years" of "red tapism", "corruption" and...

RBI MPC member Shashanka Bhide, ET BFSI

RBI MPC member Shashanka Bhide, ET BFSI

Sustaining the economic growth momentum of 7 per cent in 2024-25 and beyond is feasible on the back of favorable monsoon, higher farm productivity and improved global trade, RBI Monetary Policy Committee (MPC) member Shashanka Bhide said on Monday. During 2023-24, the...

FM Nirmala Sitharaman, ET BFSI

FM Nirmala Sitharaman, ET BFSI

AHMEDABAD: Union finance minister Nirmala Sitharaman on Saturday said the Centre has tailored policies to make India an attractive destination for manufacturing and services, and the aim was to produce not just for the domestic market but for exports as well. She was...

Ex RBI chief Subbarao, ET BFSI

Ex RBI chief Subbarao, ET BFSI

Hyderabad, Apr. 21 The Modi government should come out with a 'White paper' to generate consensus among political parties on the issue of giveaways or freebies, former RBI Governor D Subbarao has said. There has to be a thorough debate on how to impose restraints on...

World Bank President Ajay Banga, ET BFSI

World Bank President Ajay Banga, ET BFSI

Washington [US], April 19 (ANI): Healthcare needs tailored financing, knowledge and partnerships, says World Bank President Ajay Banga. He said, during and after COVID, financing for healthcare has increased but to make healthcare affordable and bring it to the reach...

Finance Minister Muhammad Aurangzeb, ET BFSI

Finance Minister Muhammad Aurangzeb, ET BFSI

WASHINGTON - Pakistan hopes to agree the contours of a new International Monetary Fund loan in May, Finance Minister Muhammad Aurangzeb told Reuters, and has kicked off talks with ratings agencies to lay the groundwork for a return to international debt markets.The...

PHDCCI, BFSI News, ET BFSI

PHDCCI, BFSI News, ET BFSI

India's economy is estimated to grow at 8-8.3 per cent in the current fiscal, industry body PHDCCI said on Wednesday. The country's GDP will grow at an average of 6.7 per cent over the next 23 years to become a USD 34.7 trillion economy by 2047, with a per capita...

JGB yields track US Treasury peers lower, ET BFSI

JGB yields track US Treasury peers lower, ET BFSI

TOKYO - Japanese government bond (JGB) yields fell on Thursday, tracking overnight U.S. Treasury yields lower, with the market shrugging off comments from a Bank of Japan (BOJ) board member.The 10-year JGB yield fell 2.5 basis points (bps) to 0.86%, slipping from...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

Multilateral institutions, more specifically the World Bank and the International Monetary Fund, need to follow a gap-based approach to addressing climate challenges at speed and scale, a report by the Bretton Woods Committee's Multilateral Reform Working Group said...

Bank of Baroda report, ET BFSI

Bank of Baroda report, ET BFSI

New Delhi [India], April 15 (ANI): It is apparent that the government and the corporates maintain a watchful stance on capital expenditure during the election months, said Bank of Baroda in a report.A study conducted by economist Jahnavi Prabhakar looked at various...

Key highlights and announcements, ET BFSI

Key highlights and announcements, ET BFSI

The BJP today released its manifesto -Sankalp Patra - for the Lok Sabha polls. Prime Minister Narendra Modi and other senior leaders of the party attended the event at the party headquarters that coincides with the birth anniversary of B R Ambedkar, a towering leader...

Asian Development Bank, ET BFSI

Asian Development Bank, ET BFSI

ISLAMABAD: Pakistan, with a 25% inflation rate has the highest living cost in Asia, as per a recent report released by the Asian Development Bank (ADB). The report states that the country is struggling with economic challenges primarily due to high inflation rate and...

Immigrant workers, eager to fill jobs, ET BFSI

Immigrant workers, eager to fill jobs, ET BFSI

MIAMI - Having fled economic and political chaos in Venezuela, Luisana Silva now loads carpets for a South Carolina rug company. She earns enough to pay rent, buy groceries, gas up her car - and send money home to her parents.Reaching the United States was a harrowing...

Survey, BFSI News, ET BFSI

Survey, BFSI News, ET BFSI

NEW DELHI - Unemployment and inflation are the main concerns of Indian voters but Prime Minister Narendra Modi's strong leadership, his party's Hindu nationalist agenda and India's rising global stature will likely help his re-election bid, a survey shows.The findings...

Survey, BFSI News, ET BFSI

Survey, BFSI News, ET BFSI

Representative imageDriven by robust strategies and commitment to inclusion, India’s Banking, Financial Services and Insurance (BFSI) industry has been able to maintain an upward trajectory. Banks' increased focus on investing in customer acquisition has led to a...

Uday Kotak warns, ET BFSI

Uday Kotak warns, ET BFSI

Uday Kotak has a warning for you and perhaps the global economy needs to buckle up for a bumpy ride. The billionaire banker said the higher-than-expected US inflation may dent bets of Fed rate cuts and keep interest rate even for India elevated.Uday Kotak, the founder...

Elon Musk confirms India visit, ET BFSI

Elon Musk confirms India visit, ET BFSI

Giving rest to all the speculations, American electric car maker Tesla CEO Elon Musk on Wednesday confirmed his visit to India in a post on X (formerly Twitter). Musk wrote, "Looking forward to meeting with Prime Minister @NarendraModi in India!" The CEO is likely to...