Page 7 - Bfsi
Broad-based transmission of policy rates still some way off, say experts
RBI has moved liquidity into the surplus side from a deficit four months ago, and some experts feel it may be preparing for monetary transmission before it cuts the repo rate again next week
 "Broad-based transmission of policy rates still some way off, say experts")
BFSI sector leases 13.4 msf of office space in 2024, up 19% from 2023: JLL
Foreign BFSI firms accounted for 68.3 per cent of total BFSI leasing in 2024
 "BFSI sector leases 13.4 msf of office space in 2024, up 19% from 2023: JLL")
BFSI GCCs reach new heights in India with neo and mid-sized banks
Their market size is expected to grow to $395 billion in 2026, up from about $19 billion in 2018, according to PwC
 "BFSI GCCs reach new heights in India with neo and mid-sized banks")
BFSI news wrap: RBI Liquidity Boost, Dollar-Rupee Swap, Deposit Insurance Hike & More
The RBI is injecting 1.9 trillion rupees into the banking system to ease tight liquidity expected by FY25-end.
 "BFSI news wrap: RBI Liquidity Boost, Dollar-Rupee Swap, Deposit Insurance Hike & More")
RBI relaxing risk weights to release Rs 40,000 cr capital for banks
Bandhan Bank and IndusInd Bank likely to be biggest beneficiaries of the moves since both have high microfinance exposure
 "RBI relaxing risk weights to release Rs 40,000 cr capital for banks")
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")