ETBFSI

State of the Economy: How macroeconomic indicators performed in November 2024? India's economy in November 2024 displayed varied trends, with GST collections, exports, and IIP showing strong performance, but on the other, the country faced a widening trade deficit and sluggish PMI. ETBFSI presents the key macroeconomic indicators for the month of November. Story by Samriddhi Singh Mahar #StateoftheEconomy #MacroeconomicIndicators #Economy #GST #Inflation #Exports #Imports https://lnkd.in/gPyCN7v2

Unregulated loan app operators in India may face 10 year jail, Rs 50 crore fines The proposed legislation, titled the Banning of Unregulated Lending Activities (BULA), seeks to regulate both digital and non-digital lending, specifically targeting unauthorised lenders outside the purview of the Reserve Bank of India (RBI) and other financial regulators. #UnregulatedLoan #BULA #RBI #DigitalLending https://lnkd.in/gTfEhpeu

How safe is your data? About 85% of DDoS attacks in India on financial sector Overall, 85% of the DDoS attacks in Indian cyberspace target the financial sector, while the remaining 15% target government agencies. #Banking #Cyberspace #Finance #Cybersecurity #Data https://lnkd.in/gDxbbHjv

Centre proposes to curb unregulated lending with BULA Bill The draft BULA Bill which is open to comments and suggestions until February 13th, 2025, aims to ban unregulated lending activities, including digital lending outside existing laws. Key features include creating a central database of regulated lenders, penalties of up to 10 years in prison and fines up to Rs 50 crore for violators, and a Competent Authority overseeing compliance and enforcement. Story by Shrishti Sharma #BULABill #Lending #DigitalLending #ConsumerProtection #FinancialReforms #LendingLaws #Compliance #FinancialSecurity #Legislation #Parliament #BFSI #ETBFSI https://lnkd.in/gDD3-qcQ

AI, blockchain to push employment needs of FinTech industry India's fintech industry is projected to add over 300,000 jobs by year-end, driven by a surge in digital payments and the growth of open banking. UPI transactions exceeding ₹15 lakh crore and a 25% rise in digital wallet users fuel this growth. The sector's expansion is also boosting demand for AI, blockchain, and cybersecurity expertise. Tashwinder Singh | niyogin Shams Tabrej | Ezeepay Story by Vikas Kumar #AI #Blockchain #FinTech #BFSI #FinancialServices #UPI https://lnkd.in/gkZDUiNV

What next for the rupee after 85/dollar breach? For the remainder of FY25, the rupee is expected to face continued pressure, with projections suggesting a range of 86.0 to 86.5 against the US dollar. #Rupee #Dollar #USA #Trump #Currency #FY25 https://lnkd.in/g32wqK9r

RBI's crypto stance in focus after bitcoin hits $1,00,000 The RBI has been vehemently opposed to crypto but the Securities and Exchange Board of India has recommended a multi-regulator framework. #RBI #Bitcoin #SEBI #Blockchain https://lnkd.in/gwTeRXzj

Cooling credit offtake in India aligns with deposit growth Compared to December 2023, credit growth marginally outpaced deposits, driven by varying sectoral factors. #Credit #Deposit #Banking #BFSI #Banking #PSBs #PVBs https://lnkd.in/g6mwqsPS

#LinkedInNewsletter - #ETBFSIDigest by Amol Dethe Happy reading! #ETBFSI #ETBFSINewsletter #AI #FDI #Elections #Finance #Rupee #Policy #loans

Bank hiring: SBI to fill over 13K clerical positions, IBPS to recruit 11K people The surge in hiring comes amid a new round of expansion post-pandemic, with banks enhancing financial inclusion efforts and growing their presence in rural and semi-urban areas. #BankJobs #SBIRecruitment #IBPSHiring #ClericalPositions #BankingCareers #FinancialInclusion #RuralGrowth #JobOpportunities #BankExpansion #PostPandemic https://lnkd.in/gArB5Cqy