Page 7 - Bfsi

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

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

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

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.

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

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

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

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: Economists prioritise local inflation over Fed policy

Nayar emphasised the importance of local inflation factors like food and rent on inflation expectations

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

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: 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

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

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

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

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

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: More checks, balances needed to curb fraud, say experts

Payment and security experts explain widespread scams, bat for better cooperation and education

BFSI Summit: 'Supply pressure for affordable housing despite strong demand'

The Reserve Bank of India (RBI's) had said that housing finance companies find the pre-payment penalty imposed as a challenge for the lenders. However, there is better clarity on regulations