Page 10 - Finance News
Big bank pursuit: FM Nirmala Sitharaman says in talks with RBI, lenders
"There is a lot of work to do prior to my saying yes. The work has already commenced. We are discussing with the RBI and banks," the finance minister said
 "Big bank pursuit: FM Nirmala Sitharaman says in talks with RBI, lenders")
Despite digitisation, India will need more banks: DFS secy M Nagaraju
However, Nagaraju cautioned that the digital transition must be carefully managed to ensure that service quality and customer trust are not compromised
 "Despite digitisation, India will need more banks: DFS secy M Nagaraju")
Polo: Where India's luxury landscape meets heritage in the modern era
Increasingly, parents are enrolling their children into the sport - seeing riding as a confidence-building, globally-recognised sport that grooms discipline and leadership
 "Polo: Where India's luxury landscape meets heritage in the modern era")
New investors should enter systematically with a minimum seven-year horizon
New investors should enter US-focused funds systematically with at least a seven-year horizon, while existing ones rebalance portfolios and moderate tech exposure amid high valuations
 "New investors should enter systematically with a minimum seven-year horizon")
Go global to limit India-specific shocks, hedge currency risk
Limit global allocation to 10-15% initially, avoid chasing recent outperforming countries and themes
 "Go global to limit India-specific shocks, hedge currency risk")
EPFO's new enrolment scheme 2025 explained: Here's how it helps workers
The new EPFO scheme offers a six-month window for employers to enrol eligible workers and expand social security coverage across India
 "EPFO's new enrolment scheme 2025 explained: Here's how it helps workers")
Lending slowdown: Bank loans contract after 3 months, shows RBI data
RBI data show bank loans fell by Rs 49,468 crore in mid-October, even as annual growth improved marginally to 11.5 per cent; deposits also declined during the period
 "Lending slowdown: Bank loans contract after 3 months, shows RBI data")
The collections industry is running on a dignity deficit: Ananth Shroff
Ananth Shroff, cofounder and chief executive officer of DPDzero, which uses artificial intelligence (AI) for debt collections, interacted with Raghu Mohan via email
 "The collections industry is running on a dignity deficit: Ananth Shroff")
Business correspondents driving financial inclusion may get their due
The National Institute of Bank Management (NIBM) has submitted its report; and stakeholders - banks, BCs and Mint Road - are expected to roll out revisions next year
 "Business correspondents driving financial inclusion may get their due")
World Savings Day: Save and invest before you spend, automate the process
Do financial planning to determine whether you are investing enough to meet your goals
 "World Savings Day: Save and invest before you spend, automate the process")
Canada pension fund to boost India investments after portfolio tops $22 bn
Canada Pension Plan Investment Board CEO Graham said India's economic growth rate and strong public markets are some of the 'positive factors' going well for the country now
 "Canada pension fund to boost India investments after portfolio tops $22 bn")
Cut in earnings expectations, valuations to cap upside in SBI Card
Festive expenses and weaker margins weighed on earnings, even as GNPA ratios eased and spending momentum stayed strong
 "Cut in earnings expectations, valuations to cap upside in SBI Card")
Bank nomination rules amended to align with will, avoid disputes
For deposits, nominee shares should mirror the division in the will; for lockers, the order should match the will
 "Bank nomination rules amended to align with will, avoid disputes")
Jio Payments Bank updates its website domain as per RBI guidelines
The payments bank's new official domain, jiopayments.bank.in, replaces jiobank.in as part of RBI compliance and enhanced digital security framework
 "Jio Payments Bank updates its website domain as per RBI guidelines")
Zarin Daruwala appointed group CEO of PL Capital, effective October 13
Daruwala, who brings more than 35 years of experience in banking and financial services, will steer the broking firm's next phase of expansion across institutional equities
 "Zarin Daruwala appointed group CEO of PL Capital, effective October 13")
IFSCA proposes differential distribution in funds to boost blended finance
The move is aimed at enabling blended finance structures that combine concessional or philanthropic capital with private investment to fund socially desirable but commercially less viable projects
 "IFSCA proposes differential distribution in funds to boost blended finance")
A month on, GST 2.0 positive for customers, insurers face teething issues
Sales and inquiries see a spike, even as insurers plan to use multiple levers, including renegotiating commissions with distributors, to reduce the impact of withdrawal of input tax credit (ITC)
 "A month on, GST 2.0 positive for customers, insurers face teething issues")
Fintech NBFCs grew faster than industry, but both show annual moderation
Operating on a small-ticket, high-volume model, fintech-driven NBFCs saw active loans grow by 25.6 per cent on an annual basis, outperforming the overall NBFC industry's 15.1 per cent growth
 "Fintech NBFCs grew faster than industry, but both show annual moderation")
UPI accounts for 85% of payment volumes: RBI's payment system report
RTGS, mainly used for high-value transfers, had largest share of transaction value in H1CY25
 "UPI accounts for 85% of payment volumes: RBI's payment system report")
Credit card transactions surge, but debit card transactions decline: RBI
The report also highlighted that private sector banks continue to dominate the credit card segment, focusing on digital and co-branded offerings for customers
 "Credit card transactions surge, but debit card transactions decline: RBI")