| ETBFSI Newsletter | Saturday, May 24, 2025 |
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Daily Newsletter
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Top Stories
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In his keynote at the third edition of ETBFSI NBFC Connect in Chennai, Thiru Brajendra Navnit, IAS, urged NBFCs to focus on democratizing finance thro...
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As per the draft guidelines, banks would have to provide KYC updation services for the activation of such accounts at all branches, including non-home...
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This month the RBI cracked down on Banks including SBI, ICICI, Bank of Baroda, Axis Bank, Bank of Maharashtra, Yes Bank and a bunch of cooperative ban...
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The Reserve Bank of India will establish a new Payments Regulatory Board. This board will consist of six members. The RBI governor will head the board...
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Banking
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Rising gold prices are helping small businesses and reducing loan defaults. Lenders like Muthoot Finance and Manappuram Finance are auctioning less go...
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The RBI had announced a total of 12 Bank holidays for May 2025, including Labour Day, Buddha Purnima, and Various Jayantis.
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Insurance
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New York Life Insurance Company will invest Rs 550 crore in two Max Estates projects in Noida. Max Estates anticipates pre-sales of Rs 6,000-6,500 cro...
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With 400 million Indians lacking any sort of financial protection against ever-increasing health risks, enhancing health insurance coverage has assume...
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NBFC
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The Finance Industry Development Council (FIDC) has appointed its director, Raman Aggarwal, as Chief Executive Officer.
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Deepak Aggarwal, Co-founder, Co-CEO, and CFO of Moneyboxx, says that the company aims to go beyond merely providing loans, focusing on financing farme...
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Fintech
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This positions Getepay as the first company from Rajasthan to receive this coveted license, marking a significant step in the state's contribution to ...
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Financial Services
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The Indian rupee experienced a significant surge on Friday, marking its best single-day gain in over two years, climbing 0.9% to 85.2125 against the d...
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Policy
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The Reserve Bank of India has levied a penalty of Rs 63.6 lakh on Union Bank of India for non-compliance with the Banking Regulation Act and direction...
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Reserve Bank of India plans to simplify claiming unclaimed deposits. New rules allow KYC updates via video calls and business correspondents. This hel...
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Reserve Bank of India has approved a dividend of Rs 2.68 lakh crore for fiscal year 2025. This will help the central government reduce its fiscal defi...
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The Central government formed a Payments Regulatory Board. This action may decrease the Reserve Bank of India's power. The government will appoint som...
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The Reserve Bank of India's net forex acquisitions surged to a near five-year high in March, driven by dollar-rupee swaps aimed at boosting banking sy...
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India will urge the Financial Action Task Force (FATF), the global watchdog for financial crimes, to re-add arch-rival Pakistan to its "grey list," a ...
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Reserve Bank of India will establish Payments Regulatory Board. The board will supervise payment systems. RBI governor will head the six-member board....
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Industry
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The IMF executive board approved the fresh assistance to Pakistan notwithstanding New Delhi's apprehensions that the funds could be used for cross-bor...
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India's net FDI plummeted by 96.5% in FY25 to a record low of $353 million, driven by significant capital repatriation from IPO exits and increased ou...
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In the month of March, outward remittances spiked by 30%, rising to nearly USD 2.6 billion, driven by increase in deposits and outward remittance for ...
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