Page 7 - Bfsi
Business correspondents to undergo digital audit, new training models
New audit envisages banks using digital technologies like video-based interviews, geo-tagging technology, and transaction-based controls, committee to be headed by top SBI official
 "Business correspondents to undergo digital audit, new training models")
Union Budget FY26: Key banking amendments in the spotlight, yet again
Among the most-watched moves pertaining to the banking sector will be possible changes to the RBI Act, the Banking Regulation Act and the Banking Companies Act
 "Union Budget FY26: Key banking amendments in the spotlight, yet again")
Microfinance sector shows signs of stress as delinquency rates rise
The Reserve Bank of India's Financial Stability Report of December 2024 had observed that the microfinance sector is showing rising delinquencies across lenders and ticket sizes
 "Microfinance sector shows signs of stress as delinquency rates rise")
Recovery agents are in demand as banks' unsecured loan stress rises
In July 2024, the total strength of outsourced staff in the BFSI (banking, financial services, and insurance) space was 77,000, out of which 6,000 were recovery agents
 "Recovery agents are in demand as banks' unsecured loan stress rises")
CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding
A CRISIL Ratings study of the top 25 firms, accounting for 55 per cent of the Rs 14 trillion IT sector's revenue in fiscal 2024
 "CRISIL analysis: IT services sector eyes 7-9% growth on BFSI, AI funding")
BFSI news wrap: Rupee’s strength in REER, RBI’s forex market activity, and SC on credit card rates
The rupee’s Real Effective Exchange Rate rose to 108.14 in November, up from 107.20 in October, marking a 0.9% increase.
 "BFSI news wrap: Rupee’s strength in REER, RBI’s forex market activity, and SC on credit card rates")
Is insurance selling by BCs the next step in financial inclusion?
The business correspondents' representative body has asked IRDAI to allow them to sell insurance products, particularly weather-indexed schemes to provide a safety net for rural buyers
 "Is insurance selling by BCs the next step in financial inclusion?")
BFSI news wrap: Axis bank’s growth plans, SBI target, credit card surge Liquidity deficit, RBI flags risks
Axis bank’s growth plans SBI’s Rs 100-trillion target Festive credit card surge Liquidity deficit returns RBI flags risks
 "BFSI news wrap: Axis bank’s growth plans, SBI target, credit card surge Liquidity deficit, RBI flags risks")
India Inc's Q2FY25 numbers show growing dependence on BFSI sector
Analysts attribute BFSI companies' rising share in corporate revenues and profits to this sector's consistent double-digit growth, unlike other sectors of the economy
Q2 results review: Corporate earnings decline, a first in two years
Net sales growth weakest in a year, too; BFSI sector emerges an outlier
 "Q2 results review: Corporate earnings decline, a first in two years")
BS BFSI Summit: General insurance companies see signs of growth revival
Top CEOs see green shoots of growth driven by a slew of new initiatives taken by regulator Irdai and the govt
 "BS BFSI Summit: General insurance companies see signs of growth revival")
BS BFSI Summit: Economists prioritise local inflation over Fed policy
Nayar emphasised the importance of local inflation factors like food and rent on inflation expectations
 "BS BFSI Summit: Economists prioritise local inflation over Fed policy")
No place as fascinating, interesting as India on development journey: CEA
He talks about issues ranging from the United States election results and growth in gross domestic product to agriculture and his experience of having a ringside view of the Indian economy
 "No place as fascinating, interesting as India on development journey: CEA")
BS BFSI Summit: 'Changes to surrender value norms in interest of customers'
Apart from commission structures, the insurance companies can also try other levers to absorb the impact
 "BS BFSI Summit: 'Changes to surrender value norms in interest of customers'")
BS BFSI Summit: Free trade effective in theory, not in practice, says CEA
India need not worry about trade battles driven by climate policies, Nageswaran said in his keynote address at the Business Standard BFSI Summit on Friday
 "BS BFSI Summit: Free trade effective in theory, not in practice, says CEA")
No systemic risk in banking sector: Jio Financial Services' KV Kamath
Money leaving the banking system and entering the markets through unsecured lending, cautions Kamath at the Business Standard BFSI Insight Summit
 "No systemic risk in banking sector: Jio Financial Services' KV Kamath")
BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath
Business Standard BFSI Summit highlights: Catch all the updates related to the BFSI summit here
 "BFSI Summit 2024 highlights: RBI's caution against unsecured lending is appropriate, says KV Kamath")
Devina Mehra urges caution on small-cap stocks, IPO frenzy at BFSI Summit
At the Business Standard BFSI Summit, Devina Mehra discusses market volatility, IPO risks, and the importance of data-driven investing
 "Devina Mehra urges caution on small-cap stocks, IPO frenzy at BFSI Summit")
Data, tech & Bima Sugam to transform insurance sector: Irdai boss at BFSI
At the Business Standard BFSI Insight Summit 2024, Debasish Panda, Irdai boss, shared his transformative vision for India's insurance sector
 "Data, tech & Bima Sugam to transform insurance sector: Irdai boss at BFSI")
BS BFSI Summit: 'Regulatory compliance key to consumer protection'
While compliance may incur costs, it strengthens consumer trust and safeguards data security in an era when customers increasingly demand faster service, said panellists at the BS BFSI Summit
 "BS BFSI Summit: 'Regulatory compliance key to consumer protection'")
