ETBFSI’s Post

Budget 2024: BofA predicts boost to capex, modest populism, intact deficit target A report by Bank of America stated that it expects a boost to capex, allocations towards populism to boost consumption and no changes in the FY25 fiscal deficit. Story by Anushka Sengupta #Budget2024 #FY25 #FiscalCredit #BoFA https://lnkd.in/giQ9H8Fi

India's GDP growth may moderate to 6.8% this fiscal; expect two RBI rate cuts, says CRISIL High interest rates and lower fiscal impulse from reduction in fiscal deficit will temper growth in FY25, the rating agency said. #GDP #RBI #RateCut #FY25 https://lnkd.in/gVsRPV9N

#RBI purchases over 40 tonnes of gold over past five years Recent data shows the Reserve Bank of India's varying gold purchases over the years. A notable increase in 2024 follows a decline in 2023. Factors like economic and geopolitical conditions influence the central bank's reserve management. Story by Vikas Kumar #GoldPurchase #CentralBankReserves #EconomicConditions #GoldMarket #FinancialNews #RBIGoldReserves Read more at: https://lnkd.in/g2gjbiEp

Investments in Q2 CY24 surged, debt deals witness uptick: Report Breaking the slump from last two quarters of #CY24, investments have witnessed a surge in the second quarter of CY24 with debt deals recording an uptick as well. There has also been an overall increase in deal numbers and the average deal sizes, according to a report by 1Lattice. Story by Anushka Sengupta #Q2CY24 #FinancialReport #MarketUpdate #EconomicAnalysis #MarketTrends https://lnkd.in/g4D-tFeM

Major private insurers raise term policy rates by 4-7% This adjustment comes in response to the moderation in bond yields, inflation concerns, and changes in reinsurance rates, according to reports. #TermInsurance #Reinsurance #PrivateInsurers #BondYields #InflationConcerns #RiskManagement https://lnkd.in/gruW_wmm

MF exposure to NBFCs' commercial paper hits pre-pandemic levels This marks an increase of 22.0% y-o-y and 0.5% sequentially, with CPs consistently remaining above the one lakh crore mark for six consecutive months, standing at Rs 1.15 lakh crore, a level last witnessed in May 2019. #CommercialPaper #NBFC #InvestmentTrends #FinancialServices #MarketUpdate #MarketUpdate https://lnkd.in/gGGfVBpe

#LinkedInNewsletter - #ETBFSIDigest by Amol Dethe Happy reading! #ETBFSI #ETBFSINewsletter #Budget #GST #FiscalDeficit #ReserveBankofIndia #Agriculture #SocialDevelopment #Tourism

With the Union Budget set to be unveiled on July 23, 2024, anticipation is building, ETBFSI is thrilled to announce our Live Panel Discussion on Budget Day! Join us for an in-depth analysis of the Union Budget 2024 featuring insights from industry leaders, including a banker, an economist, an insurance expert, and an NBFC leader. Date: July 23, 2024 Time: 03:30 PM - 04:30 PM Streaming live on all ETBFSI social media platforms. Don't miss out as the experts break down the budget that will shape our economy for the upcoming year and beyond. Stay tuned for the panel reveal! #UnionBudget2024 #Budget2024 #Policy #Economy #GDP #Inflation #Unemployment #FiscalDeficit #FinanceMinister #ETBFSI

Future Generali India Life Insurance appoints MANISH P. as Chief Compliance Officer Manish Pahwa brings over 20 years of experience in managing corporate secretarial, legal, and compliance functions within the financial services industry. He has held key positions at One97 Communications, Navi General Insurance, and Future Generali India Insurance. #FutureGenerali #InsuranceIndustry #ComplianceOfficer #FinancialServices #InsuranceSector #LifeInsurance https://lnkd.in/gK2Eb35r

Banks and MFs increase debt exposure to NBFCs amidst market growth Mutual funds' debt exposure to NBFCs surpassed 72 lakh crore in May 2024, showing a 22% year-on-year increase. Banks' credit exposure also grew to 715.68 lakh crore, marking a 16% rise. This robust support highlights the ongoing growth and resilience of #NBFCs in the financial market. Story by Sheersh Kapoor CareEdge Group #NBFCs #DebtExposure #FinancialMarket #MutualFunds #Banks #FinancialSector https://lnkd.in/gtH-NXfi