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30% Increase in March 2025, BFSI News, ET BFSI

30% Increase in March 2025, BFSI News, ET BFSI

nvestments in equity saw the highest M-o-M growth of 235%~Samriddhi Singh Mahar India’s outward remittances jumped to USD 2.6 billion in March 2025 from USD 1.9 billion in February 2025, a nearly 30% increase, driven by increase in deposits and family maintenance, as...

ET Poll, BFSI News, ET BFSI

ET Poll, BFSI News, ET BFSI

New Delhi: The Indian economy likely gained momentum in the fourth quarter of FY25, driven by strong agricultural output that lifted rural demand, according to an ET poll of economists. The survey pegged growth in FY25 at a median of 6.3%, lower than the government’s...

US, China forecasts improve on tariff truce, ET BFSI

US, China forecasts improve on tariff truce, ET BFSI

Economists marked up their forecasts for growth in the US and China after the world’s two-largest economies reached a temporary agreement to reduce tariffs on each other. China’s economy is now seen expanding at least 4.6% this year from as low as 4% previously,...

CPA Australia Survey, ET BFSI

CPA Australia Survey, ET BFSI

71% of Indian SMEs sought external funding in 2024: CPA Australia SurveyRising costs continue to be a challenge for many small businesses, with 40% of MSME (micro, small and medium enterprises) respondents citing increasing expenses as their biggest concern, according...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

India PE-VC market grows 9 pc to $43 billion in 2024: ReportNew Delhi, 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 across close to 1,600 deals, with traditional...

Ind-Ra, BFSI News, ET BFSI

Ind-Ra, BFSI News, ET BFSI

New Delhi, India Ratings and Research (Ind-Ra) on Tuesday said reciprocal tariffs will exacerbate stress for medium, small and micro enterprises (MSMEs) but mid-sized corporates have a greater cushion against unanticipated financial shocks. With the worsening of...

World Bank report, ET BFSI

World Bank report, ET BFSI

"Employment growth has outpaced the working-age population since 2021-22. Employment rates, especially among women, are rising, and urban unemployment fell to 6.6 per cent in Q1 FY24/25, the lowest since 2017-18," the World Bank report said.New Delhi: India is...

ICICI Bank, Shriram Finance top buys, ET BFSI

ICICI Bank, Shriram Finance top buys, ET BFSI

India’s Banking and Financial Services (BFSI) sector has transformed at a historic pace, driven by digitalization, regulatory reforms, and the rise of fintechs. Over the last two decades, the sector's market capitalization has surged more than 50 times—from INR 1.8...

Union Bank Report, ET BFSI

Union Bank Report, ET BFSI

New Delhi [India], April 26 (ANI): India's Index of Industrial Production (IIP) likely grew 4.3 per cent year-on-year in March 2025, improving from 2.9 per cent in February, according to a report by Union Bank of India. The report said that the increase in IIP was...

JP Morgan’s bullish outlook explained, ET BFSI

JP Morgan’s bullish outlook explained, ET BFSI

Global brokerage firm JP Morgan, after the upheaval of the first three weeks of April, believes that gold prices are projected to average $3,675 per ounce by the fourth quarter of 2025, and to cross the $4,000/oz level by the second quarter of 2026.The global...

Great Place To Work report, ET BFSI

Great Place To Work report, ET BFSI

The share of Gen Z employees in India’s Banking, Financial Services, and Insurance (BFSI) sector has nearly doubled in two years, increasing from 12% in 2023 to 23% in 2025. This is according to a new report released by Great Place To Work India. The report highlights...

Startups tell govt, BFSI News, ET BFSI

Startups tell govt, BFSI News, ET BFSI

As the government moves to simplify the process of ‘reverse flipping’ – which allows startups domiciled overseas to relocate to India –companies considering such a move are pushing for additional reforms to remove procedural hurdles, people aware of the development...

FM Sitharaman on BSE’s journey, ET BFSI

FM Sitharaman on BSE’s journey, ET BFSI

Union Finance Minister Nirmala SitharamanWhat began as an informal gathering of five stockbrokers under a banyan tree in Mumbai in 1875 has today evolved into a symbol of India’s financial aspirations. Celebrating 150 years of the Bombay Stock Exchange (BSE), Union...

White House, BFSI News, ET BFSI

White House, BFSI News, ET BFSI

Washington: China now faces tariffs of up to 245% on imports to the United States due to its retaliatory actions, the White House has said, as the trade war escalated between the world's two largest economies. Separately in a post on Truth Social, President Donald...

Wholesale Inflation eases to 2.05% in March, ET BFSI

Wholesale Inflation eases to 2.05% in March, ET BFSI

By Siddhi NawarIndia’s Wholesale Price Index (WPI) inflation eased to 2.05% in March 2025 from 2.38% in February, according to the Ministry of Commerce and Industry. This marks a continued downward trend following a peak earlier in the fiscal year.India’s wholesale...

Can AI Trump tariff turmoil?, BFSI News, ET BFSI

Can AI Trump tariff turmoil?, BFSI News, ET BFSI

As the global markets are roiled by the Trump triggered tariff wars, corporations are finding refuge in artificial intelligence, and automation is poised to become a strategic lever to cut costs and protect margins.Even as the Indian IT services companies may see...

Bank of Baroda, ET BFSI

Bank of Baroda, ET BFSI

India's production showed signs of improvement in last fiscal, current fiscal may witness pressure: Bank of BarodaThe production in the country showed signs of improvement towards the end of the last financial year, supported by a rise in high-frequency indicators...

Turbulence accompanies tariff pause, ET BFSI

Turbulence accompanies tariff pause, ET BFSI

(Bloomberg) --In the days following President Donald Trump’s mid-week decision to pause the stiffest of US tariffs — save for super-high duties on China — global financial markets remained turbulent, with investors seeking safe harbor and some central banks lowering...

Union Bank Report, ET BFSI

Union Bank Report, ET BFSI

WPI inflation likely eased to 2.1% in March on lower food, fuel prices: Union Bank ReportNew Delhi: Wholesale Price Index (WPI) inflation is expected to ease to 2.1 per cent year-on-year in March 2025, down from 2.4 per cent in February, mainly due to a seasonal...

PMI, BFSI News, ET BFSI

PMI, BFSI News, ET BFSI

India’s service sector ended the 2024–25 fiscal year on a solid note, with HSBC India’s Services PMI recording 58.5 in March. Though marginally lower than February’s 59.0, the index remained well above the neutral 50.0 mark and the long-run average of 54.2, signaling...

SBI Deputy MD, ET BFSI

SBI Deputy MD, ET BFSI

Mumbai, State Bank of India does not see any impact of its increasing adoption of artificial intelligence tools on the jobs front, a senior official said on Thursday. Nitin Chugh, a deputy managing director at the country's largest lender, said the reduction in the...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

Venture debt remained flat in 2024 at $1.2 billion, the same as the previous year. It, however, grew at a compound annual growth rate (CAGR) of 58% between 2018 and 2024, according to the Global Venture Debt Report 2025 by Stride Ventures, a venture debt firm, and...

Official, BFSI News, ET BFSI

Official, BFSI News, ET BFSI

NEW DELHI: The registered MSMEs (micro, small and medium enterprises) in the country are expected to touch 9 crore mark by 2026, a senior government official said on Wednesday. More than 6 crore MSMEs are currently registered under Udyam and Udyam Assist (UA) portals,...

S&P Global Ratings, ET BFSI

S&P Global Ratings, ET BFSI

New Delhi, Showing a resilient economy in the Asia-Pacific region amid global uncertainties, India's GDP will grow at 6.5 per cent in the fiscal year ending March 31, 2026, S&P Global Ratings said on Tuesday.This assumes the upcoming monsoon season will be normal...

Is corporate glass ceiling the culprit?, ET BFSI

Is corporate glass ceiling the culprit?, ET BFSI

Gender equality in the corporate world has long been an aspirational goal, one that seeks to manifest in its truest form. The rhetoric on women's empowerment reaches a crescendo every International Women's Day, adorned with carefully curated policies and celebratory...

RBI bulletin, BFSI News, ET BFSI

RBI bulletin, BFSI News, ET BFSI

Mumbai: India's energy efficiency improved by 1.9 per cent between 2000 and 2023, which is faster than the global average of 1.4 per cent, according to a study carried out by an RBI research team. The report also stated that India was far ahead of the other BRICS...

SBI MF Report, ET BFSI

SBI MF Report, ET BFSI

New Delhi [India], March 10 (ANI): Investments in India are expected to outpace consumption in the financial year 2025-26 (FY26), according to a report by SBI Mutual Fund.The report also highlighted that economic growth is likely to improve gradually in the second...

Deutsche Bank Research, ET BFSI

Deutsche Bank Research, ET BFSI

New Delhi [India], March 6 (ANI): The private sector is now driving a once-in-a-generation capital expenditure (capex) boom, primarily fuelled by the growing global demand for artificial intelligence (AI) technologies, according to a report by Deutsche Bank...

HC to Anil Ambani, BFSI News, ET BFSI

HC to Anil Ambani, BFSI News, ET BFSI

Mumbai: The Bombay High Court on Friday raised concerns over the "cut, copy, paste manner" in which banks pass orders declaring accounts as 'defaulter' or 'fraud', and asked industrialist Anil Ambani to approach the RBI against an order of the Union Bank of India...

Leaders on innovating with intelligence, ET BFSI

Leaders on innovating with intelligence, ET BFSI

Financial services firms spent USD 35 billion on Artificial Intelligence in 2023, with projected investments across banking, insurance, capital markets and payments expected to reach USD 97 billion by 2027, as suggested by an industry report. Also, For the BFSI...

Fin min, BFSI News, ET BFSI

Fin min, BFSI News, ET BFSI

New Delhi: India was implementing seven projects worth $750 million in partnership with the US Agency for International Development (USAID), which has been at the centre of controversy since American President Donald Trump alleged funding for elections in the country....

AI regulations still in beta phase, BFSI News, ET BFSI

AI regulations still in beta phase, BFSI News, ET BFSI

AI-generated representative imageAs Prime Minister Narendra Modi co-chaired the AI Action Summit in Paris last week, various government arms and regulators back home have been busy engaging in policy dialogues on the direction that India should take as an influential...

PM, BFSI News, ET BFSI

PM, BFSI News, ET BFSI

Times News NetworkNew Delhi: PM Narendra Modi on Saturday said the Centre would soon set up a deregulation commission to ease the compliance burden on society and minimise govt interference."We have ended hundreds of compliances, and now with Jan Vishwas 2.0, we are...

Let Jobs Lead the Way, BFSI News, ET BFSI

Let Jobs Lead the Way, BFSI News, ET BFSI

This week, as the awe over Chinese AI startup DeepSeek dazzling the world by creating an LLM model rivalling OpenAI at a fraction of cost was just settling down, a news report of Infosys firing 700 employees for failing to clear tests touched a raw nerve across...

Experts at IEW 2025, ET BFSI

Experts at IEW 2025, ET BFSI

Energy affordability is critical to accelerating the transition towards cleaner energy sources, industry leaders and financial experts said at India Energy Week 2025. The panel, “Bridging the Energy Transition’s Investment Gaps,” highlighted that access to favorable...

Union Bank of India, ET BFSI

Union Bank of India, ET BFSI

New Delhi [India], February 13 (ANI): India's merchandise trade deficit is expected to have narrowed to USD 20.88 billion in January 2025, down from USD 21.94 billion in December 2024, according to a report by Union Bank of India. The report suggested that this...

SIDBI MSME Outlook Survey, ET BFSI

SIDBI MSME Outlook Survey, ET BFSI

New Delhi: Small Industries Development Bank of India (SIDBI) has launched their first ever MSME Outlook Survey, a quarterly analysis of MSME business sentiment for the October-December 2024 period.The report, based on a pan-India survey of 1,200 MSMEs across...

Eco Survey 2025, ET BFSI

Eco Survey 2025, ET BFSI

As India's workforce in low-skill and low-value-added services remains vulnerable to AI, robust enabling institutions are essential to help transition workers to medium- and high-skilled jobs, where AI can augment their efforts rather than replace them."Insuring...

FICCI pre-Budget survey, ET BFSI

FICCI pre-Budget survey, ET BFSI

New Delhi, India Inc. is optimistic about the growth prospects of the economy and wants the Union government's thrust on capital expenditure (Capex) to continue in the Union Budget 2025-26, according to a survey released by apex business chamber FICCI on...

HSBC Global Trade Head, ET BFSI

HSBC Global Trade Head, ET BFSI

Geopolitics has impacted global trade bit global supply chains have evolved over decades with immense complexity, making it nearly impossible to replace manufacturers overnight per se China, said Vivek Ramachandran, Global Head, HSBC Global Trade Solutions. A lot of...

Raghuram Rajan in Davos, BFSI News, ET BFSI

Raghuram Rajan in Davos, BFSI News, ET BFSI

Former RBI Governor Raghuram Rajan on Tuesday lauded the Modi government for doing a lot of good work on the infrastructure front in India and hoped there would be some concrete steps in the upcoming Budget to boost the job market. Speaking at a session on the US...

Axis Capital report, ET BFSI

Axis Capital report, ET BFSI

Generative AI (GenAI) could generate savings of 20-40% in the software development lifecycle, and savings from efficiency gains will likely be ploughed back into the business to chase more tech innovation, according to Axis Capital report. Given that savings are...

SBI MF Report, ET BFSI

SBI MF Report, ET BFSI

New Delhi [India], January 10 (ANI): Government's policy support in the upcoming Union Budget 2025 could play a key role in boosting India's economic growth to approximately 7 per cent in FY26, from an expected 6.3 per cent in FY25, says a report by SBI Mutual...

Rubrik CEO Bipul Sinha, ET BFSI

Rubrik CEO Bipul Sinha, ET BFSI

India needs a data protection rule to keep its consumer data safe, but over-regulation has downside risks, Bipul Sinha, chief executive officer of Rubrik, a Silicon Valley cybersecurity company, said. As India becomes compliant with data norms of Europe and the United...

Bank of Baroda Report, ET BFSI

Bank of Baroda Report, ET BFSI

New Delhi: It may be a subdued growth in the current financial year but the Indian economy is projected to grow by 6.8 per cent in the financial year 2025-26, supported by strong high-frequency indicators, according to a report by Bank of Baroda. The report expects...

Bank of Baroda, ET BFSI

Bank of Baroda, ET BFSI

CPI inflation likely to moderate to 5% in Dec from 5.5% in Nov: Bank of Baroda ReportIndia's Consumer Price Index (CPI) inflation is expected to moderate to 5 per cent in December 2024 from 5.5 per cent in November, according to a report by Bank of Baroda.The report...

Economists, BFSI News, ET BFSI

Economists, BFSI News, ET BFSI

Unified Payments Interface (UPI) transactions averaged Rs 22.8 lakh crore a month in the third quarter, higher than Rs 20.6 lakh crore in the second quarter, according to data from the National Payments Corporation of India (NPCI).New Delhi: Economic growth may have...

Montek Singh Ahluwalia, ET BFSI

Montek Singh Ahluwalia, ET BFSI

Government should come up with a clear roadmap to contain fiscal deficit: Montek Singh AhluwaliaNew Delhi [India], January 3 (ANI): Montek Singh Ahluwalia, former Deputy Chairman of the Planning Commission, has raised concerns about India's high fiscal deficit,...

RBI Financial Stability Report, ET BFSI

RBI Financial Stability Report, ET BFSI

The Reserve Bank of India (RBI) released the December 2024 Financial Stability Report (FSR), assessing the Indian financial system's resilience. The report, reflecting the assessment of the Sub-Committee of the Financial Stability and Development Council (FSDC),...

What it means for future policy changes, ET BFSI

What it means for future policy changes, ET BFSI

India's economic growth slowed to 5.4 per cent in the July-September quarter, a seven-quarter low, raising concerns and calls for action. This drop surprised analysts who had predicted over 7 per cent growth and led the Reserve Bank of India (RBI) to lower its growth...

DPIIT, BFSI News, ET BFSI

DPIIT, BFSI News, ET BFSI

Startups have created over 1.6 million jobs across the country and the Department for Promotion of Industry and Internal Trade (DPIIT) has recognised 1.57 lakh startups as of December 25, the government said Wednesday. Moreover, India has more than 73,000 startups...

Shiprocket’s Akshay Ghulati, ET BFSI

Shiprocket’s Akshay Ghulati, ET BFSI

India has set an ambitious target of $200 billion in ecommerce exports by 2030, up from the current $5 billion, which comprises just 1% of India’s merchandise exports. As per an EY-Assocham report, adopting more flexible policies and addressing existing challenges in...

Narayan, BFSI News, ET BFSI

Narayan, BFSI News, ET BFSI

Representative image Mumbai, Capital markets regulator Sebi is training a large language model (LLM) to further cut processing times on approval requirements, whole time member Ananth Narayan G said on Tuesday. "We are actually starting to train an in-house LLM in...

Finance Commission Chairman, ET BFSI

Finance Commission Chairman, ET BFSI

New Delhi [India], December 12 (ANI): India's economy is on track to surpass the USD 7 trillion mark by 2030 even under the conservative growth estimates, according to Arvind Panagariya, Chairman of the 16th Finance Commission.Speaking at the India Economic Conclave...

Commerce Minister Piyush Goyal, ET BFSI

Commerce Minister Piyush Goyal, ET BFSI

Commerce and Industry Minister Piyush Goyal on Thursday expressed confidence that India's economic growth by end of this fiscal will be back on track despite global uncertainties. He said that this year also India will be the world's fastest growing economy. "We had...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

New Delhi, India's economic growth is expected to rebound to 7 per cent in 2025-26, despite the global uncertainties, primarily due to domestic policies, according to an Axis Bank research report released on Wednesday.The report states that a cyclical rebound will...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

India saw a 3000% increase in cyber attacks on application programming interfaces in the July-September quarter, according to a new report.Focused distributed denial of service (DDoS) attacks were 85% more frequent than those on websites, highlighting the heightened...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

New Delhi: India's retail inflation based on the Consumer Price Index (CPI) is expected to ease to 5.5 per cent in November due to a decline in food prices, according to a Morgan Stanley report."We expect CPI inflation to edge downwards to 5.5 per cent in November...

FDI inflows in India cross $1 trillion, ET BFSI

FDI inflows in India cross $1 trillion, ET BFSI

Foreign direct investment (FDI) inflows into India have crossed the USD one trillion milestone in the April 2000-September 2024 period, firmly establishing the country's reputation as a safe and key investment destination globally. According to data from the...

Prime Minister Narendra Modi, ET BFSI

Prime Minister Narendra Modi, ET BFSI

Jaipur (Rajasthan) [India], December 9 (ANI): Prime Minister Narendra Modi on Monday inaugurated and addressed the Rising Rajasthan Global Investment Summit which is being held in Jaipur from December 9 to 11. Addressing the people and media, PM Modi said that India...

Goyal, BFSI News, ET BFSI

Goyal, BFSI News, ET BFSI

New Delhi, India in 2019 decided not to join the mega free trade agreement RCEP as the pact was not addressing its concerns and since then there has been no change in that position, Commerce and Industry Minister Piyush Goyal said on Friday. The RCEP (Regional...

Oxford Univ Professor (IANS interview), ET BFSI

Oxford Univ Professor (IANS interview), ET BFSI

New Delhi, Dec 4 (IANS) Lauding the strength of India's growing economy under the leadership of Prime Minister Narendra Modi, Oxford University Professor Soumitra Dutta said on Wednesday that a lot of forces are siding with India in its unprecedented journey towards...

World Bank report, ET BFSI

World Bank report, ET BFSI

New Delhi, India's total external debt has increased by USD 31 billion to USD 646.79 billion in 2023, according to World Bank International Debt Report. The report further said that interest payment increased from USD 15.08 billion in 2022 to USD 22.54 billion in...

Finmin, BFSI News, ET BFSI

Finmin, BFSI News, ET BFSI

Public investments in infrastructure, as a percentage of the country’s gross domestic product (GDP), have exceeded the pre-pandemic level, the Rajya Sabha was informed on Tuesday.Infrastructure investments by the Union and state governments and Central Public Sector...

India to update GDP base year to fiscal 2023, ET BFSI

India to update GDP base year to fiscal 2023, ET BFSI

NEW DELHI - India is set to update the base year for calculating gross domestic product (GDP) to fiscal 2023 from fiscal 2012, Minister for Statistics Rao Inderjit Singh told Parliament on Monday.An advisory committee on national accounts statistics has been formed to...

Which way are the gears shifting?, BFSI News, ET BFSI

Which way are the gears shifting?, BFSI News, ET BFSI

After India’s economy slumped to a seven-quarter low of 5.4% in the July-September quarter, much lower than consensus estimates and below the Reserve Bank of India’s 7% projection, annual growth forecasts are being scaled down. The slowdown is ringing alarm bells in...

Finance ministry official, ET BFSI

Finance ministry official, ET BFSI

Concrete steps have been taken to regulate the fintech industry in India as per the Financial Action Task Force's recommendations to tackle money laundering and terror financing, a central government official said on Wednesday. India is among the few countries that...

Here’s what Morgan Stanley forecasts, ET BFSI

Here’s what Morgan Stanley forecasts, ET BFSI

With government spending picking up, consumption set to recover, and food inflation moderating, India’s economy is likely to regain momentum in the months ahead, bringing growth back on track for the remainder of FY25.Morgan Stanley analysis suggests that while the...

HSBC Global Research, ET BFSI

HSBC Global Research, ET BFSI

A major portion of the Indian economy, 55 per cent, is witnessing an upward trend despite fluctuations, recent report by HSBC Global Research.The report noted that the economy was falling into a moderate track following a period of rapid stock market gains and robust...

Piyush Goyal to industry, ET BFSI

Piyush Goyal to industry, ET BFSI

Minister of Commerce and Industry, Piyush Goyal New Delhi: There is a need to raise quality standards in the country and industry needs to tap into its technical committees and appoint representatives to ensure standards are maintained, commerce and industry minister...

Economic Affairs Secretary, ET BFSI

Economic Affairs Secretary, ET BFSI

New Delhi [India], November 20 (ANI): Secretary to the Department of Economic Affairs, Ajay Seth, on Wednesday asserted that the government doesn't see any significant downside risks on economic growth, despite a slight slowdown and an uptick in inflation. Indian...

Piyush Goyal, BFSI News, ET BFSI

Piyush Goyal, BFSI News, ET BFSI

Representative imageNew Delhi: Commerce and Industry Piyush Goyal On Tuesday said the country's foreign direct investment (FDI) norms are clear for the e-commerce retail and the companies in this segment should respect the law of the land. Recently, the minister...

What’s in store for India in 2025?, ET BFSI

What’s in store for India in 2025?, ET BFSI

As the global economy continues to grapple with geopolitical tensions and financial market volatility, India stands at a critical juncture in its growth story. DBS Bank's latest report offers a nuanced perspective on the challenges and opportunities awaiting the...

Bank of Baroda, ET BFSI

Bank of Baroda, ET BFSI

New Delhi [India], November 18 (ANI): Foreign portfolio investment (FPI) inflows into India are projected to remain positive in FY25, with an expected inflow of USD 20-25 billion, according to a report by Bank of Baroda. Despite recent outflows from the Indian...

CM Stalin at 16th Finance Commission meeting, ET BFSI

CM Stalin at 16th Finance Commission meeting, ET BFSI

Chennai (Tamil Nadu) [India], November 18 (ANI): Tamil Nadu Chief Minister MK Stalin on Monday morning held a meeting with the 16th Finance Commission at the Secretariat, welcoming the commission's chairman and its members. He said that the recommendations made by the...

Asia’s richest banker Uday Kotak reveals why, ET BFSI

Asia’s richest banker Uday Kotak reveals why, ET BFSI

Asia's richest banker, Uday Kotak, has said that the India needs good thin rotis and not Paranthas and Kulchas to become developed and rich in the next two decades. Speaking at the CNBC TV18 Leadership Summit today, Founder and non-executive Director of Kotak Mahindra...

High-Level Group on Climate Finance, ET BFSI

High-Level Group on Climate Finance, ET BFSI

New Delhi, Negotiators at the UN climate conference in Azerbaijan should focus on mobilising USD 1 trillion per year by 2030 to help developing countries cope with the warming world, a new report the Independent High-Level Expert Group on Climate Finance said on...

UBI report, BFSI News, ET BFSI

UBI report, BFSI News, ET BFSI

New Delhi [India], November 10 (ANI): The continued spurt in food prices and fading of the high base effect likely led to a spike in October retail inflation figures. According to a report by the Union Bank of India, retail inflation based on the Consumer Price Index...

Niti Aayog CEO, BFSI News, ET BFSI

Niti Aayog CEO, BFSI News, ET BFSI

New Delhi, India should be a part of the Regional Comprehensive Economic Partnership and Comprehensive and Progressive Agreement for Trans-Pacific Partnership, Niti Aayog CEO BVR Subrahmanyam said on Thursday. India pulled out of the RCEP in 2019 after entering...

Bank of Baroda, ET BFSI

Bank of Baroda, ET BFSI

New Delhi [India], November 5 (ANI): The Indian Rupee depreciated marginally in October by 0.3 per cent compared to the bloodbath witnessed in other major currencies, highlighted a report by Bank of Baroda.The report also noted that while the rupee dipped to its...

CAG, RBI Governor, CEA, and SEBI Chairperson, ET BFSI

CAG, RBI Governor, CEA, and SEBI Chairperson, ET BFSI

The Union Government is preparing to make critical decisions on four significant appointments over the next four months, starting with the selection of a new Comptroller and Auditor General (CAG). G S Murmu's term as the CAG is set to conclude in November, and a...

FM Nirmala Sitharaman, ET BFSI

FM Nirmala Sitharaman, ET BFSI

New Delhi: Finance minister Nirmala Sitharaman called for enhanced support by multilateral development banks to poor and developing nations, especially from Africa, to realise their sustainable development goals.At a G7 African ministerial roundtable in Washington DC,...

S&P Global Market Intelligence, ET BFSI

S&P Global Market Intelligence, ET BFSI

New Delhi [India], October 22 (ANI): India's growth, although moderating, remains strong with a forecasted average of 6.8 per cent for the fiscal year 2024-25 and 6.6 per cent for 2025-26, according to S&P Global Market Intelligence.Despite a slowdown in economic...

Full Schedule and Key Meetings, ET BFSI

Full Schedule and Key Meetings, ET BFSI

Union finance minister Nirmala Sitharaman began her official visit to Mexico and the USA on Thursday. She arrived at Guadalajara Airport, also known as Miguel Hidalgo y Costilla International Airport (GDL), where she was welcomed by India’s ambassador to Mexico,...

UN climate chief, ET BFSI

UN climate chief, ET BFSI

At the UN climate conference in Baku, countries must agree on a new goal for international climate finance that truly meets the needs of developing nations, with public finance at its core, UN Climate Change Executive Secretary Simon Stiell said on Thursday. He said...

World Bank Chief Economist, ET BFSI

World Bank Chief Economist, ET BFSI

Chief Economist for South Asia at World Bank, Franziska OhnsorgeHailing India’s economic growth journey, the Chief Economist for South Asia at World Bank, Franziska Ohnsorge, citied two assumptions for women and said if these come true, then India’s GDP could be one...

Snap Inc. and BCG’s latest report, ET BFSI

Snap Inc. and BCG’s latest report, ET BFSI

Collective spending power of Gen Z has reached $860 billion and is expected to surge to $2 trillion by 2035 with this cohort's direct spends amounting to $250 billion in 2025, a new report has shown. The report titled, "The $2 trillion opportunity: how Gen Z is...

BSE on Ratan Tata’s death, ET BFSI

BSE on Ratan Tata’s death, ET BFSI

Leading stock exchange BSE on Thursday acknowledged Ratan Tata's lasting influence on the nation's business landscape, saying "India has lost a pioneer, but not his legacy." In its condolence message on the death of Tata, BSE highlighted the industrialist's...

A timeline of the business tycoon’s life, ET BFSI

A timeline of the business tycoon’s life, ET BFSI

Ratan Tata, chairman emeritus of Tata Sons, passed away on Wednesday night at the Breach Candy Hospital in Mumbai. He was 86 years old.Ratan Tata's remarkable life was a testament to his unwavering commitment to excellence, innovation, and philanthropy. As the head of...

FM Sitharaman condoles Rata Tata’s demise, ET BFSI

FM Sitharaman condoles Rata Tata’s demise, ET BFSI

New Delhi [India], October 10 (ANI): Union Finance Minister Nirmala Sitharaman condoled the demise of industrialist Ratan Tata who passed away on Wednesday, and said that his strong commitment to innovation, ethical business practices, and social responsibility...

Remembering Ratan Tata’s legacy, BFSI News, ET BFSI

Remembering Ratan Tata’s legacy, BFSI News, ET BFSI

Ratan TataBY: Amol Dethe Ratan Naval Tata, one of India’s most revered industrialists and a paragon of leadership, passed away at the age of 86. His demise marks the close of a remarkable chapter in the annals of global business. A towering figure in Indian industry,...

India mourns Ratan Tata’s demise, BFSI News, ET BFSI

India mourns Ratan Tata’s demise, BFSI News, ET BFSI

India loses a visionary business leader, and an iconic philanthropist – Ratan Naval Tata – on late night of Wednesday, a loss that shook the entire nation.He was hospitalised in Mumbai's Beach Candy, and on October 7, Tata issued a statement to dispel rumours about...

CREDAI on RBI interest rate policy, ET BFSI

CREDAI on RBI interest rate policy, ET BFSI

New Delhi, The RBI should have cut key interest rates to boost growth in the real estate sector and the overall economy as any reduction in mortgage rates would have further accelerated housing demand in the current festive quarter, according to industry players. The...

Deloitte, BFSI News, ET BFSI

Deloitte, BFSI News, ET BFSI

RepresentationalThe Indian e-commerce market is projected to grow at a compound annual growth rate (CAGR) of 21% and reach $ 325 billion in 2030, as per Deloitte’s report released on Monday.The report said that the retail sector is expected to grow at 8%, e-commerce...

Survey, BFSI News, ET BFSI

Survey, BFSI News, ET BFSI

Artificial Intelligence (AI) continues to shape the wealth management industry, with 62% of wealth management firms acknowledging that it will significantly transform their operations, according to a report by London Stock Exchange Group. This will need to meet the...

Lawrence Summers, BFSI News, ET BFSI

Lawrence Summers, BFSI News, ET BFSI

Global economic growth is set for a transformative shift, driven by artificial intelligence (AI) and technological advancements, American economist Lawrence H Summers said while cautioning against leaving technology unchecked.Speaking at the diamond jubilee event of...

FM to Northeast RRBs, ET BFSI

FM to Northeast RRBs, ET BFSI

Itanagar, Union Finance Minister Nirmala Sitharaman on Monday directed the Regional Rural Banks (RRBs) of the Northeast to increase their share in ground-level agriculture credit disbursement with a special focus on horticulture and allied agriculture activities such...

Date, features, eligibility, eKYC and more, ET BFSI

Date, features, eligibility, eKYC and more, ET BFSI

~Samriddhi Singh MaharThe government has announced that the 18th Installment of the Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) scheme will be released on 5th October 2024. It is one of the largest DBT schemes in the world. Under this scheme, farmers will get a...

ADB retains India’s growth forecast at 7%, ET BFSI

ADB retains India’s growth forecast at 7%, ET BFSI

The Asian Development Bank (ADB) on Thursday retained India’s GDP growth projections at 7% for FY25.A day before, S&P Global ratings too maintained India’s growth forecast at 6.8% for the ongoing financial year.The report by ADB highlighted that an above-average...

Report, BFSI News, ET BFSI

Report, BFSI News, ET BFSI

The company's report reveals insights into the regional concentration of GCCs and the industries driving their growthBengaluru is the most prominent hub for global capability centres (GCCs) in India, according to a report by tech staffing and learning solutions...

JPMorgan CEO Jamie Dimon, ET BFSI

JPMorgan CEO Jamie Dimon, ET BFSI

Geopolitics, rather than finance itself, would determine the direction of the global economy in the immediate future, says Jamie Dimon, Chairman & CEO, JPMorgan. The US dollar will remain the dominant monetary unit, Dimon tells Sangita Mehta, MC Govardhana Rangan...

BFSI leaders on encashing digital economy, ET BFSI

BFSI leaders on encashing digital economy, ET BFSI

For the BFSI companies 10% of their operations cost is dedicated to digital as nobody wants to stay away from the digital. But building digital rails and investing is only part, how to derive value out of it is the biggest question? How will CXOs convince the...

PwC India report, ET BFSI

PwC India report, ET BFSI

New Delhi, Ninety% of Indian financial institutions are focusing on artificial intelligence (AI) and GenAI (Generative Artificial Intelligence) as the primary technology enablers of innovation, according to a PwC India report. As per the PwC India report titled,...

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