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Budget 2025: Tax Sops, Higher Deposit Insurance Can Offer Support to Banks

Mint Bangalore

|

January 28, 2025

Banking is struggling to reinvent itself in the face of rapidly scaling fintechs

- Vivek Prasad

Banking is at the heart of any nation's growth. When democratised, it becomes a financial engine capable of uplifting the masses on a large scale. The Indian banking industry is currently at a significant crossroads.

It's struggling to reinvent itself in the face of rapidly scaling fintechs that are fast capturing the untapped customer segment. PwC's research shows that from FY21 to FY24, the number and value of loans disbursed by fintechs have grown by a CAGR of 81% and 46%, respectively. This growth has been aided by fintech entities harnessing technology to extend their reach, streamline operations through automation and enhance credit accessibility. These players have been offering a broad spectrum of loan products tailored to the diverse needs of borrowers—especially smaller borrowers, enabling financial inclusion.

FLERE HISTORIER FRA Mint Bangalore

Mint Bangalore

Advent exits Aditya Birla Cap, nets 2.5x

US private equity firm Advent International Corp. on Wednesday sold its entire 2% stake in Aditya Birla Capital Ltd (ABCL) via a block deal, raising about ₹1,638-1,640 crore.

time to read

1 mins

October 30, 2025

Mint Bangalore

Mint Bangalore

MARKETS LOOK TOPPY, GOLD LOOKS TIRED—HERE'S HOW TO STAY INVESTED SMARTLY

Market chatter has turned cautious, with many experts warning that a correction in equities and gold may be around the corner. Such alerts deserve attention—but not alarm. After all, timing the market is nearly impossible.

time to read

3 mins

October 30, 2025

Mint Bangalore

Mint Bangalore

Is PoA valid to sell a property if owner loses mental capacity?

Six months ago, my father gave me a registered power of attorney (PoA) to sell his property. He slipped into a coma last month. Can I still sell it under that PoA? —Name withheld on request

time to read

2 mins

October 30, 2025

Mint Bangalore

Mint Bangalore

India, EU to push trade talks on steel, carbon tax issues

India and the European Union (EU) have agreed to continue discussions on issues pertaining to steel, auto, and carbon tax, as these areas carry higher sensitivities, under the proposed free trade agreement, the commerce ministry said on Wednesday.

time to read

1 mins

October 30, 2025

Mint Bangalore

Mint Bangalore

Varun Beverages surges 9% on Carlsberg deal despite weak Q2

Shares of PepsiCo bottler Varun Beverages surged over 9% on Wednesday after the company announced an exclusive distribution partnership with Carlsberg Breweries for select southern African markets.

time to read

1 mins

October 30, 2025

Mint Bangalore

Follow your nose down the bylanes of history

‘The Secret Power of Scent’ takes visitors on a 1,000-year journey

time to read

2 mins

October 30, 2025

Mint Bangalore

'Akasa will look at IPO in next 2-5 yrs'

Akasa Air will look at an initial public offering (IPO) in the next two to five years, its founder and chief executive officer Vinay Dube said on Wednesday and asserted that the airline will not chase “growth for the sake of growth”.

time to read

1 min

October 30, 2025

Mint Bangalore

Mint Bangalore

Govt preps debt recast plan for discoms

Drugmakers face bans for fake claims as govt set to tweak rules

time to read

2 mins

October 30, 2025

Mint Bangalore

Mint Bangalore

Bougatsa is a Greek breakfast worth waking for

This custard-filled treat, which dates back to the time of the Byzantine Empire, is a delicious slice of Athens life

time to read

3 mins

October 30, 2025

Mint Bangalore

Silver premiums fall as demand eases

Silver premiums in India have fallen sharply as demand eased following the last two weeks’ festive rush, prompting potential buyers to delay purchases, bullion dealers told Reuters.

time to read

1 min

October 30, 2025

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