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Videos
CREDIT GROWTH PICKING UP ACROSS ALL SECTORS; NO DAMPER IN CASE OF RATE HIKES:
SHANTI LAL JAIN
Shanti Lal Jain, MD and CEO, Indian Bank, in conversation with Amol Dethe,
editor of ETBFSI, said that he sees credit growth picking up in all sectors this
year — retail, MSME as well as corporate. He also highlighted how the
normalisation of interest rates is happening and the he is not seeing any damper
on account of interest rate hikes. "In terms of credit growth, when the
commodity prices increase, the utilization levels of the working capital is
increasing and in the credit side as well, sector by sector we are seeing
growth. As far as interest rate is concerned, 1-2 years back when there wasn't
enough liquidity, naturally creditor interest rate was lower and the growth was
also lower. Now that the growth is happening, the demand is increasing and
interest rates also will be normalized. So it won't have any impact on growth
plans and I'm not seeing any damper on account of interest rate hikes", Jain
said. Tune in to listen to his insights.
LATEST NEWS
* 4h hrs ago Sri Lanka President Wickremesinghe declares emergency
* 4h hrs ago CBIC clarifies ambiguity on GST on pre-packaged items, new rates
from Monday
* 4h hrs ago Digit’s ‘pay as you drive’ cover is 1st in industry
* 4h hrs ago Global startup funding fell 23% in Q2: report
* 4h hrs ago Policy in pocket, eye on the rupee
* 4h hrs ago Chidambaram blames handling of economy for falling rupee
* 4h hrs ago FPIs remain in selling mode; take out Rs 7,400 cr from equities in
July so far
* 4h hrs ago Dollar’s gains against rupee quite mild, say govt officials
View More
Insurance
HOW INCREASED FDI IN THE INSURANCE SECTOR CAN BENEFIT COS AND STAKEHOLDERS
In order to understand how increased FDI limits will impact insurance companies
and various stakeholders in the insurance ecosystem, ET BFSI spoke to Alina
Arora, Partner, General Corporate, Shardul Amarchand Mangaldas & Co. She shared
her insights on how a hike in the FDI cap can help solve the solvency issues and
capital requirements of insurers and even increase the insurance penetration in
the country.
Banking
HOW BANKS WILL BE HIT BY RISING INTEREST RATES
State-owned banks will lose market share in the next two to three years due to
their inability to raise sufficient capital to match the level of loan growth of
private banks, according to Fitch.
Blog
HOW NEW-AGE NBFCS ARE CHANGING THE SMALL BUSINESS LOAN LANDSCAPE IN INDIA
The emergence of new-age Non-Banking Financial Companies (NBFCs) is rapidly
transforming the Indian lending ecosystem, introducing novel models that
incorporate the best offerings of the world of fintech and conventional credit
features, thereby enriching the protocols of enterprise lending and business
loan prerequisites.
Insurance
DRIVE SAFE, PAY LESS: USHERING IN A NEW ERA OF MOTOR INSURANCE
The philosophy behind UBI is that a customer should pay premiums based on the
risk they pose and not based on generic historical patterns, thereby offering
them fair and transparent pricing. UBI can be of two types – Pay As You Drive
(PAYD) or Pay How You Drive (PHYD).
Banking
HDFC BANK Q1 RESULTS: NET PROFITS SHOOTS 19% YOY TO RS 9,196 CR; NII GREW 14.5%
HDFC Bank reported a total revenue growth of 13% to Rs 41,560.27 crore in June
2022 quarter as against Rs 36,771.47 crore in June 2021 quarter. On a sequential
basis, the profit figure was down by 8.9% from Rs 10,055.18 crore whereas
revenue marginally increased from Rs 41,085.78 crore, ET reported.
Editor's View
THE WAR OVER RUPEE
While there are enough predictions and observations about where the rupee will
go from here, I think the major impact will be for the short term. The Reserve
Bank of India has also taken a slew of measures to stabilise the rupee,
including trade settlements in rupee and allowing higher interest rates for NRI
deposits. But it will take its own pace to showcase its impact.
View More
TOP FEATURED STORIES
Banking / 14 days ago
NOT ALL BANK SYSTEMS ARE MEANT TO BE SUPPORTED BY CLOUD: CELINE LE COTONNEC
Ever since the pandemic, BFSI companies have been opting for technological
advancements, and have switched to data centers, cloud systems, etc. Celine Le
Cotonnec, Chief Data Innovation Officer, Bank of Singapore, spoke to ETBFSI, on
the sidelines of the Point Zero Forum in Zurich, on this emerging trend. Read
the full interview here.
* Insurance
AFTER 21 YEARS OF PRIVATISATION AND EXTENSIVE EFFORT, HOW HAS INDIA'S
INSURANCE SECTOR EVOLVED?
* Financial Services
HOW ARE GREEN, SOCIAL AND SUSTAINABILITY BONDS FARING IN INDIA?
* NBFC
'OPEN TO MORE PARTNERSHIPS, POSSIBLY BE A LENDING-BACKED MARKETPLACE'
* Insurance
'PIRAMAL ELIGIBLE TO BID FOR RCAP'S GENERAL AND HEALTH INSURANCE BIZ'
View More
BLOG
* Abhay Bhutada - MD, Poonawalla Fincorp Limited
HOW NEW-AGE NBFCS ARE CHANGING THE SMALL BUSINESS LOAN LANDSCAPE IN INDIA
* Japan Doshi - Head of Product and Technology, Rupeek
FINTECH LEADS THE GOLD RUSH WITH TECH-LED ASSET-BACKED LENDING
* Ravi Subramanian - MD & CEO, Shriram Housing Finance
SEMI-URBAN/RURAL AFFORDABLE HOUSING OUTPACING URBAN DEMAND
* Vivek Veda - Co-Founder & CFO, KreditBee
HERE’S WHY DIGITAL LENDERS ARE LEVERAGING NEW-AGE TECHNOLOGY FOR THEIR
OFFERINGS
* Rasleen Kaur - Head – Corporate Strategy and Investor Relations,
Policybazaar.com
TRANSFORMING THE DISTRIBUTION-CONTROLLED INSURANCE INDUSTRY WITH DIGITIZATION
* Manish Agrawal - Head – Credit Intelligence and Control, HDFC Bank
FRAUDSTERS 'HACKING' CONSUMERS' MINDS TO STEAL MONEY
View More
FINTECH
Fintech / 1 hr ago
GLOBAL STARTUP FUNDING FELL 23% IN Q2: REPORT
Only 85 unicorns were minted in Q2, a 43% drop from the previous quarter.
* Fintech / 1 hr ago
SLICE FUNDRAISING ON HOLD AS RBI NOTE TRIGGERING UNCERTAINTY FOR SECTOR
* Fintech / 1 day ago
IAMAI DISSOLVES BACC; INDUSTRY SAYS WILL CONTINUE TO BAT FOR REGULATIONS
* Fintech / 1 day ago
BFSI TECH LEADER RAMASUBRAMANIAN S AND HR SPECIALIST VINU PILLAI JOIN AI/ML
LEARNING STARTUP IMPACTSURE
* Fintech / 2 days ago
NEW STREET TECH, FEDERAL BANK PARTNER TO TEST BLOCKCHAIN TECH FOR MSME LOANS
View More
POLICY
Policy / 1 hr ago
CBIC CLARIFIES AMBIGUITY ON GST ON PRE-PACKAGED ITEMS, NEW RATES FROM MONDAY
Also the clarification said that if several packages intended for retail sale to
the ultimate consumer, say 10 packages of 10 Kg each, are sold in a larger pack,
then GST would apply to such supply. Such a package may be sold by a
manufacturer through a distributor.
* Policy / 1 hr ago
POLICY IN POCKET, EYE ON THE RUPEE
* Policy / 1 hr ago
INDICATORS SHOW INFLATION MAY BE PEAKING, RBI SAYS
* Policy / 1 hr ago
MUTED IMPACT OF FED'S TAPER 2 ON INDIA DUE TO STRONG EXTERNAL POSITION: RBI
ARTICLE
* Policy / 1 hr ago
MAY NEED TO FRONTLOAD RATE ACTIONS TO TAME INFLATION: RBI RESEARCH PAPER
View More
NBFC
* WADHAWAN ROUTED ₹115 CR TO JACK UP DHFL SHARES IN '18
* SECURITISATION VOLUMES SURGES 70% IN Q1 ON INCREASED ECON ACTIVITY
* DEMAND REVIVAL TO HELP NBFCS POST BEST QUARTER IN TWO YEARS
* STICKY MICRO LOANS AT RS 32,000 CRORE, BUT PROFITABILITY FOR NBFC-MFIS MAY
IMPROVE
* MFIS' GROSS LOAN PORTFOLIO RISES TO RS 2.9 LAKH CRORE AT MARCH-END: REPORT
* DIGITAL DISRUPTION NEW NORMAL, WORKING ON ‘SHRIRAM ONE’ SUPER APP: REVANKAR
AND CHAKRAVARTI
* AROHAN LAUNCHES DIGITAL LENDING APP, EXPECTS TO RAISE LOAN PORTFOLIO BY RS
600CR BY FY23
* AROHAN FINANCIAL IN TALKS WITH PES TO RAISE RS 1,900 CR
* NBFCS, HFCS SECURITISATION VOLUMES ALMOST DOUBLED TO RS 33,000 CRORE IN
APRIL-JUNE: REPORT
* NBFC-HFCS TO HAVE HEALTHY DISBURSEMENT MOMENTUM, STEADY QUARTER : REPORT
* CSC, ADANI CAPITAL IN PACT TO OFFER WORKING CAPITAL TO 6K SELLERS
* NIIF TO BRING NEW INVESTORS ON DEBT PLATFORM
* CO-LENDING EASING CAPITAL ISSUES FOR NBFCS: GODREJ CAPITAL
* SHRIRAM TRANSPORT FINANCE GETS SHAREHOLDERS, CREDITORS NOD FOR MERGER
* FIRED EXECS DIDN’T IMPACT OPS, LIQUIDITY, SAYS AXIS MF
* MYSHUBHLIFE AIMS TO DISBURSE RS 550 CRORE WORTH OF LOANS BY THE NEXT
FINANCIAL YEAR
* MFIS MAY SEE IMPROVED PROFITS ON FLEXIBLE LENDING RATES
* MUTHOOT FINANCE GETS RBI NOD TO OPEN 150 NEW BRANCHES ACROSS INDIA
* HDFC AND HDFC BANK MERGER PROPOSAL GETS NOD FROM BOURSES
* DOMESTIC HOUSING SECTOR SET TO GROW IN NEXT 5 YEARS: PNB HOUSING FINANCE
View More
MORE FROM ETBFSI
* Industry / 4h hrs ago
SRI LANKA PRESIDENT WICKREMESINGHE DECLARES EMERGENCY
Sri Lanka's acting President Ranil Wickremesinghe has declared a state of
emergency, according to a government notice released late on Sunday, as his
administration seeks to quell social unrest and tackle an economic crisis
gripping the island nation. "It is expedient, so to do, in the interests of
public security, the protection of public order and the maintenance of
supplies and services essential to the life of the community," the
notification stated.
* Policy / 4h hrs ago
CBIC CLARIFIES AMBIGUITY ON GST ON PRE-PACKAGED ITEMS, NEW RATES FROM MONDAY
Also the clarification said that if several packages intended for retail sale
to the ultimate consumer, say 10 packages of 10 Kg each, are sold in a larger
pack, then GST would apply to such supply. Such a package may be sold by a
manufacturer through a distributor.
* Insurance / 4h hrs ago
DIGIT’S ‘PAY AS YOU DRIVE’ COVER IS 1ST IN INDUSTRY
Go Digit General Insurance is the first insurer to offer a ‘pay as you drive’
(PAYD) add-on feature for motor insurance own damage (OD) policies. The
company has announced this cover less than two weeks after the insurance
regulator allowed the PAYD feature in motor covers.
* Fintech / 4h hrs ago
GLOBAL STARTUP FUNDING FELL 23% IN Q2: REPORT
Only 85 unicorns were minted in Q2, a 43% drop from the previous quarter.
* Policy / 4h hrs ago
POLICY IN POCKET, EYE ON THE RUPEE
India is losing some of its export competitiveness against emerging economies
whose currencies are falling faster.
* Industry / 4h hrs ago
CHIDAMBARAM BLAMES HANDLING OF ECONOMY FOR FALLING RUPEE
"The fall in the dollar-rupee rate is inevitable given our current account
deficit, inflation, increase in interest rates domestically and in the US,
outflow of foreign portfolio investments and decline in exports.
* Financial Services / 4h hrs ago
FPIS REMAIN IN SELLING MODE; TAKE OUT RS 7,400 CR FROM EQUITIES IN JULY SO
FAR
While foreign portfolio investors (FPIs) have slowed down their pace of
selling, this does not indicate a change in trend as there has not been any
significant improvement in the underlying drivers, said Himanshu Srivastava,
Associate Director - Manager Research, Morningstar India.
* Financial Services / 4h hrs ago
DOLLAR’S GAINS AGAINST RUPEE QUITE MILD, SAY GOVT OFFICIALS
The Centre and the Reserve Bank of India (RBI) have been taking steps to
attract dollar inflows to make the appreciation of the greenback against the
rupee more gradual and smoother. This is being done even though the strength
of the US currency against the rupee has been quite mild, government sources
have pointed out.
View More
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CRYPTOCURRENCY
* IAMAI DISSOLVES BACC; INDUSTRY SAYS WILL CONTINUE TO BAT FOR REGULATIONS
* NFT MARKETPLACE OPENSEA SLASHES 20% OF JOBS
* INTERNET BODY TO DISMANTLE BLOCKCHAIN AND CRYPTO ASSETS COUNCIL
* GLOBAL REGULATORS BACK 'SAME RISK, SAME REGULATION' FOR STABLECOINS
* COINBASE'S BRIAN ARMSTRONG EXPLAINS EFFICIENCY MEASURES AMID RISING
VOLATILITY
* BITBNS INTRODUCES TAX SHIELD TO 'AVOID' TDS ON SIP INVESTMENTS IN CRYPTOS
* RUSSIA TO IMPROVE CRYPTO TRANSACTION MONITORING AS REGULATION DRAWS CLOSER
* CRYPTO EXCHANGE BINANCE (US) HIRES FORMER PAYPAL EXECUTIVE JASMINE LEE AS CFO
* TRIPLE TROUBLE FOR CRYPTO: LIQUIDITY CRUNCH, BEAR MARKET, NEW TAX RULES
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BFSI VIDEOS
* CREDIT GROWTH PICKING UP ACROSS ALL SECTORS; NO DAMPER IN CASE OF RATE HIKES:
SHANTI LAL JAIN
Shanti Lal Jain, MD and CEO, Indian Bank, in conversation with Amol Dethe,
editor of ETBFSI, said that he sees credit growth picking up in all sectors
this year — retail, MSME as well as corporate. He also highlighted how the
normalisation of interest rates is happening and the he is not seeing any
damper on account of interest rate hikes. "In terms of credit growth, when
the commodity prices increase, the utilization levels of the working capital
is increasing and in the credit side as well, sector by sector we are seeing
growth. As far as interest rate is concerned, 1-2 years back when there
wasn't enough liquidity, naturally creditor interest rate was lower and the
growth was also lower. Now that the growth is happening, the demand is
increasing and interest rates also will be normalized. So it won't have any
impact on growth plans and I'm not seeing any damper on account of interest
rate hikes", Jain said. Tune in to listen to his insights.
* 3 days ago
FINTECH DIARY WITH NITHIN KAMATH, FOUNDER AND CEO, ZERODHA
* 12 days ago
INDIAN FINTECHS WILL MOVE TOWARDS 2ND ORDER PRODUCTS IN THE NEXT 3 YEARS,
SAYS MADHUSUDHAN R
* 14 days ago
CO-LENDING MODEL A SURE SHOT SUCCESS, SAYS MONU RATRA OF IIFL HOME FINANCE
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EDITOR'S PICK
* 1 hr ago
HOW INCREASED FDI IN THE INSURANCE SECTOR CAN BENEFIT COS AND STAKEHOLDERS
* 1 hr ago
HOW BANKS WILL BE HIT BY RISING INTEREST RATES
* 1 hr ago
HOW NEW-AGE NBFCS ARE CHANGING THE SMALL BUSINESS LOAN LANDSCAPE IN INDIA
* 1 day ago
DRIVE SAFE, PAY LESS: USHERING IN A NEW ERA OF MOTOR INSURANCE
* 1 day ago
HDFC BANK Q1 RESULTS: NET PROFITS SHOOTS 19% YOY TO RS 9,196 CR; NII GREW
14.5%
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* 3 days ago
PSU BANKS TO GO LIVE ON ACCOUNT AGGREGATOR SYSTEM BY JULY-END
* 5 days ago
SC VERDICT ON VIJAY MALLYA TO SEND A STERN MESSAGE TO BIG-TICKET LOAN
DEFAULTERS
* 7 days ago
15 FINTECHS RAISE $420.7 MILLION IN JUNE: PGA LABS
* 5 days ago
DIGITAL DISRUPTION NEW NORMAL, WORKING ON ‘SHRIRAM ONE’ SUPER APP: REVANKAR
AND CHAKRAVARTI
* 6 days ago
PRIVATISE ALL PUBLIC SECTOR BANKS EXCEPT SBI FOR NOW: ECONOMISTS
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