South Indian Bank’s Q2 FY25: Strong Profit Growth with Improved Asset Quality! South Indian Bank posts an impressive 18.2% YoY profit growth in Q2 FY25, with a profit of ₹324.79 crore. NII surged to ₹882.7 crore, reflecting a 6.3% rise YoY. Total income for the quarter reached ₹2804.07 crore, up 12.9% from the same period last year. Asset Quality Improvement: ➡️ Gross NPA reduced to 4.40% from 4.96% YoY. ➡️ Net NPA dropped to 1.31% compared to 1.70% in Q2 FY24. ➡️ Provisions remained steady at ₹110 crore, showcasing effective risk management. South Indian Bank’s focus on growth and maintaining robust asset quality is paving the way for a promising fiscal year. #BFSI #FEBFSI #ModernBFSI #SouthIndianBank #Q2Results #FinancialPerformance #BankingIndustry #GrowthStory #NII #AssetQuality #FinanceNews #BankingSector #BankingInsights #EconomicGrowth #EarningsUpdate Reserve Bank of India (RBI) | State Bank of India| Punjab National Bank| HDFC Bank| Axis Bank| ICICI Bank | Kotak Mahindra Bank | YES BANK | Bank of India| Bank of Baroda | Union Bank of India | IDFC FIRST Bank | Federal Bank | IDBI Bank | Central Bank of India | IndusInd Bank | Seshadri P R | Amitabh Chaudhry| Ashok Vaswani | Vaidyanathan V | Tanya Krishna | Sumana Sarkar | Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
FE BFSI
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Noida, Uttar Pradesh 785 followers
FE BFSI is a one-stop platform for news, analysis and expert insights on banking, financial services, insurance sector.
About us
FE BFSI: Your Premier Source for Banking, Financial Services, and Insurance Insights Welcome to FE BFSI, your go-to destination for the latest updates and insights in the banking, financial services, and insurance (BFSI) industries. We provide detailed, in-depth information on key developments shaping the BFSI landscape. Why Choose FE BFSI? At FE BFSI, we ensure you stay informed in a rapidly evolving industry. Our platform offers a complete package of news, trends, and expert analysis, giving you access to the information that matters most. Latest News & Trends: Stay ahead with up-to-date news and emerging trends in the BFSI sector. 1. Expert Analysis: Gain valuable insights and easy-to-understand analyses to help you make informed decisions. 2. Comprehensive Coverage: We cover a wide range of topics relevant to individuals, businesses, policymakers, bankers, wealth managers, and insurance firms. 3. Impactful Information: Understand the implications of BFSI developments on the stock market and the broader economy. 4. In-Depth Articles: Dive deep into the topics that matter most, exploring the factors driving industry trends. 5. User-Friendly Platform: Navigate our content-rich site easily and find the information you need quickly. 6. Commitment to Excellence: We strive to provide the best, latest, and most impactful information to keep you informed and engaged. Join our community of informed readers and industry professionals. Follow FE BFSI for regular updates and stay ahead in the ever-evolving world of banking, financial services, and insurance. Stay connected with FE BFSI – Your trusted source for banking, financial services, and insurance insights. #Banking #FinancialServices #Insurance #BFSI #MarketTrends #ExpertAnalysis #IndustryInsights #FinanceNews #EconomicDevelopments #WealthManagement #FinancialUpdates #BankingNews #InsuranceTrends #BFSINews #FinancialGrowth #EconomicInsights #PolicyDevelopments #InvestmentStrategies #BusinessFinance
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- 201-500 employees
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Updates
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Central Bank of India Gets CCI Approval for Key Stake Acquisitions in Future Generali Entities! The Competition Commission Of India (CCI) has approved the Central Bank of India’s acquisition of 24.91% equity in Future Generali India Insurance Company Limited and 25.18% in Future Generali India Life Insurance. This strategic move aligns with the bank's growth plans, expanding its presence in the insurance sector. FGIICL provides diverse insurance solutions, while FGILICL offers comprehensive life insurance products, including savings, ULIPs, term plans, and more. This acquisition marks a significant step for both the Central Bank of India and Future Generali, reflecting the dynamic shifts in India's BFSI landscape. 🔹 Highlight: Central Bank of India’s strategic entry into insurance with stakes in both general and life insurance firms. 🔹 Key Point: Approved by CCI under the Insolvency Resolution Process for Corporate Persons. 🔹 Impact: A significant boost to the bank's expansion and footprint in the insurance market. #BFSI #FEBFSI #CentralBankOfIndia #Insurance #Acquisitions #FutureGenerali #Investment #ModernBFSI #IndiaGrowthStory #BusinessTransformation #InsolvencyResolution Reserve Bank of India (RBI)| Insurance Regulatory and Development Authority of India| NSE India| BSEIndia| HDFC Bank| State Bank of India| Axis Bank | ICICI Bank | Kotak Mahindra Bank | Canara Bank | Bank of India | Union Bank of India | Bank of Baroda | Punjab National Bank | IDFC FIRST Bank | IDBI Bank | YES BANK | Vivek Wahi | Anup Rau | Devi Dayal Garg | Tanya Krishna | Sumana Sarkar | Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
Central Bank of India gets CCI nod to acquire stakes in two entities of Future Generali
financialexpress.com
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Bank of Maharashtra Posts 44% Profit Surge, Driven by Strong NII Growth Bank of Maharashtra's Q2 results reveal a 44% YoY rise in net profit to ₹1,327 crore, fueled by a 15% increase in Net Interest Income (NII) and strong growth in advances. The net interest margin (NIM) climbed to 3.89%, positioning the bank as a leader among public sector banks in India. Key Highlights: 🔹 Net Interest Income up by 15% to ₹2,807 crore. 🔹 Retail Advances grew by 22.53%, MSME by 33.86%, Agri Loans by 24.96%. 🔹 Gross Advances reached ₹2,17,504 crore, while Total Deposits increased by 15.46%. 🔹 Improved Asset Quality: Gross NPA down to 1.84%, Net NPA at 0.20%. As the bank looks to cross ₹5,000 crore in net profit this fiscal year, it remains focused on sectors like infrastructure, pharma, and renewable energy. With a Liquidity Coverage Ratio (LCR) of 105%, Bank of Maharashtra is poised for further growth. #BFSI #FEBFSI #ModernBFSI #BankingSector #BankOfMaharashtra #NetProfit #NII #PublicSectorBank #FinancialGrowth #BusinessUpdate #MSME #RetailLending #AgriLending #LiquidityManagement #AssetQuality #LinkedInUpdates #FinanceNews Reserve Bank of India (RBI) | Nidhu Saxena | Nirmala Sitharaman | State Bank of India | HDFC Bank | ICICI Bank | Kotak Mahindra Bank | Axis Bank | YES BANK | IDFC FIRST Bank | IDBI Bank | Bank of India | Bank of Baroda | Canara Bank | Union Bank of India | Punjab National Bank | DCB Bank | FICCI | Amitabh Chaudhry | Prashant Kumar | Vaidyanathan V | Ashok Vaswani | Dr Debadatta Chand | Rajneesh Karnatak | Anupreksha Jain | Tanya Krishna | Sumana Sarkar | Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
Bank of Maharashtra profit surges 44 per cent on healthy rise in NII
financialexpress.com
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NBFCs Ramp Up Short-Term G-Sec Purchases to Meet LCR Norms by December 2024 As the deadline for 100% Liquidity Coverage Ratio (LCR) compliance approaches, Non-Banking Financial Companies (NBFCs) are significantly increasing their investments in short-term government securities. This strategic shift aims to align with the Reserve Bank of India (RBI) guidelines, ensuring robust liquidity buffers to withstand market stress scenarios. Key Highlights: 🔹 LCR norms require NBFCs to maintain 100% liquidity coverage by December 1, 2024. 🔹 NBFCs are focusing on bonds with less than 10-year maturities to match short-term liabilities. 🔹 Long-term bonds carry negative returns due to the higher cost of funding compared to yields. 🔹 This move helps NBFCs align their assets and liabilities more effectively, although their g-sec holdings remain lower compared to banks and insurance companies. The purchase of short-term bonds is a crucial step in building high-quality liquid assets (HQLAs) that can withstand market challenges. As LCR deadlines near, expect more moves from NBFCs to strengthen their liquidity. #FinanceNews #GovernmentSecurities #LiquidityManagement #RBIUpdates #FinancialRegulations #TreasuryManagement #BFSI #FEBFSI #ModernBFSI #LiquidityCoverage #Gsec Bajaj Housing Finance Limited | Mahindra Finance | Shriram Finance Limited | LIC Housing Finance Limited | L&T Finance | Cholamandalam Investment and Finance Company Limited | Aditya Birla Finance Limited | Muthoot Fincorp Ltd. | Tata Capital | CRISIL Limited | FICCI | Anupreksha Jain | Tanya Krishna | Sumana Sarkar | Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
NBFCs step up purchase of short-term g-secs to comply with LCR norms
financialexpress.com
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RBI-ESMA Talks to Extend Beyond October: What It Means for India's Clearing Houses and European Banks The ongoing discussions between the Reserve Bank of India (RBI) and the European Securities and Markets Authority (ESMA) will extend beyond the October deadline, impacting European banks and Indian clearing houses. The outcome of these talks is crucial for maintaining smooth transactions and minimizing disruptions in India's financial ecosystem. Key Highlights: 🔹 Clearing House Recognition: ESMA had withdrawn recognition from six Indian clearing houses, including Clearing Corporation of India and NSE Clearing, effective May 2023. 🔹 Impact on European Banks: Despite the absence of an agreement, BNP Paribas, Societe Generale, and Deutsche Bank will continue operations in India, exploring alternatives with local banks. 🔹 Regulatory Tensions: ESMA seeks inspection powers over Indian clearing houses, a point of contention with the RBI, which views these demands as "extra-territorial." 🔹 Future Path: Government-level discussions between the EU and India are underway, aiming for a balanced approach that safeguards both parties' interests. As these negotiations continue, the outcome will be pivotal for both Indian financial stability and the cost structure for European banks operating locally. #RBINews #ESMA #ClearingHouses #EuropeanBanks #FinanceRegulation #BFSI #FEBFSI #ModernBFSI #FinancialStability #GlobalMarkets #IndiaEURelations #BankingUpdates #FinancialServices INDIAN CLEARING CORPORATION LIMITED | NSE India | Multi Commodity Exchange of India Ltd. | FICCI | Verena Ross | Natasha Cazenave | Tanya Krishna | Sumana Sarkar| Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
RBI-ESMA talks to go beyond October
financialexpress.com
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HDFC Bank Q2 Results 2024: All You Need to Know! One of India's largest private sector banks, HDFC Bank, is set to announce its Q2 results for FY 2024-25 on October 19, 2024. This eagerly awaited report is crucial for stakeholders, investors, and market analysts. Key Metrics to Monitor: 🔹 Net Profit: A deep dive into profitability to understand how the bank is navigating the market. 🔹 Loan Growth: Investors will assess the growth in HDFC’s lending portfolio. 🔹 Deposit Mobilisation: Critical for evaluating the bank's liquidity position. Where to Watch: 🔹 Tune in to the official HDFC Bank website for a live webcast of the earnings call. 🔹 Follow major financial news platforms like Financialexpress.com for live updates. 🔹 Stay updated through HDFC Bank's social media channels or their YouTube channel for the earnings call. Please note: The trading window for designated employees and directors will remain closed until October 21, 2024. #BFSI #FEBFSI #ModernBFSI #HDFCBank #Q2Results #EarningsReport #BankingSector #FinancialResults #InvestorAlert #MarketInsights #FinancialPerformance #InvestSmart #StockMarket Reserve Bank of India (RBI) | HDFC Limited | ICICI Bank | Axis Bank | Kotak Mahindra Bank | State Bank of India | Punjab National Bank | Canara Bank | YES BANK | Union Bank of India | Bank of India | IDFC FIRST Bank | IDBI Bank | Keki Mistry | Ranganath M D | nasscom | Tanya Krishna | Sumana Sarkar | Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
HDFC Bank Q2 Results 2024: Date, Time, and Where to Watch
financialexpress.com
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New Frontier: The Big Four’s AI Revolution in the BFSI Sector The Big Four—Deloitte, EY, PwC India, and KPMG India—are transforming the BFSI landscape with groundbreaking AI initiatives. From AI-powered customer feedback tools to automation of routine tasks, these firms are leveraging AI and GenAI to deliver more efficient and advanced solutions to their clients across sectors like Banking, Automotive, Ecommerce, and Retail. Key Highlights: ✅ Deloitte: Invests over $2 billion in AI upskilling, launching innovative solutions for banking and automotive clients to enhance supply chain efficiency and customer experience. ✅ EY: Pioneering AI adoption with the EY.ai platform, connecting expertise across risk, tax, and strategy. The firm’s AIVarsity has trained 40,000+ professionals in AI. ✅ PwC: Developed 30+ AI products, including the Intelligent Spend Management Suite for CFOs, and a GenAI Experience Lab in Gurgaon. Aiming to reshape finance and compliance. ✅ KPMG: Focuses on problem-solving with AI to improve market share, safety, and customer satisfaction. Strong partnerships with tech startups for tailored AI solutions. As these giants drive AI integration, they are setting new standards for financial analysis, audits, and client engagement. #FutureOfFinance #BFSI #FEBFSI #ModernBFSI #AIDrivenInnovation #DigitalTransformation #AIinBFSI #BigFour #TechInFinance #FutureReady #AIRevolution #FinancialTransformation #AIAdoption #BusinessTransformation nasscom | Infosys | Wipro | Tata Consultancy Services| IBM | Microsoft| Accenture | Google Cloud Security | Amazon Web Services (AWS) | Prashanth Kaddi | Rakesh kaul Punjabi | Manpreet Singh Ahuja | Amit Patnaik | Sanjeev Krishan | Yezdi Nagporewalla | Romal Shetty | Tanya Krishna | Sumana Sarkar| Sakshi Kuchroo | E Kumar Sharma | Roshun Povaiah | Financial Express (India)
New Frontier: Decoding Big Four’s AI odyssey
financialexpress.com
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Welcoming Arindam Ghosh, CTO & Head of Strategy and Digital Transformation, Star Union Dai-ichi Life Insurance Company Limited as our eminent speaker at #FEInsuranceSummit. He'll be discussing on "Insurtech & Beyond: Tech Innovations in Indian Insurance" that will highlight the latest advancements in technology and their impact on the insurance sector. Join us to explore how these innovations are setting the stage for the future of insurance in India! 🗓️ October 23, 2024 | 📍Mumbai Register Now - https://bit.ly/3TdyrEI Sanjay Sindhwani | Syed Fazal Bari | Roshun Povaiah | Sumana Sarkar | Tanya Krishna | Rohit Singh | Lavanya Iyengar | RAKESH VERMA | Gaurav V. | Nishant kumar | #FEInsuranceSummit #InsuranceForAll #FutureReadiness #IRDAI #InsuranceIndustry #InsuranceInnovation
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Join us for an insightful session with Anand Singhi, Chief - Retail and Government Business at ICICI Lombard General Insurance, at the FE Insurance Summit 2024. Anand’s deep understanding of the industry will shed light on emerging trends and the future of insurance. Prepare for a thought-provoking discussion with a leader committed to innovation in the field. 🗓️ October 23, 2024 | 📍Mumbai Register Now - https://bit.ly/3TdyrEI Sanjay Sindhwani | Syed Fazal Bari | Roshun Povaiah | Sumana Sarkar | Tanya Krishna | Rohit Singh | Lavanya Iyengar | RAKESH VERMA | Gaurav V. | Nishant kumar | #FEInsuranceSummit #InsuranceForAll #FutureReadiness #IRDAI #InsuranceIndustry #InsuranceInnovation
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Join us in welcoming Vishal Gupta, CEO of PhonePe Insurance, to the FE Insurance Summit 2024. He will be sharing valuable insights on Post-Policy Change: Charting the Strategic Roadmap. His expertise will guide us through the key strategies needed to navigate the evolving regulatory landscape and capitalize on new opportunities for growth. 🗓️ October 23, 2024 | 📍Mumbai Register Now - https://bit.ly/3TdyrEI Sanjay Sindhwani | Syed Fazal Bari | Roshun Povaiah | Sumana Sarkar | Tanya Krishna | Rohit Singh | Lavanya Iyengar | RAKESH VERMA | Gaurav V. | Nishant kumar | #FEInsuranceSummit #InsuranceForAll #FutureReadiness #IRDAI #InsuranceIndustry #InsuranceInnovation