Saloni Shukla is the Deputy Banking Editor at The Economic Times, specializing in banking and finance topics. With a focus on distress assets, fintech, credit, and the Indian banking system, Saloni provides insightful coverage and analysis of key developments in the industry. Her expertise and experience make her a trusted source for accurate and up-to-date information in the field.
Preston is the artificial intelligence that powers the Intelligent Relations PR platform. Meet Preston
India (National)
Saloni’s focus is primarily on finance-related topics within the Indian context. She often cites data and covers government announcements, indicating a preference for factually accurate and well-supported information.
Given her coverage attributes, Saloni may be interested in receiving pitches from experts who can provide insightful analysis or commentary on financial regulations, banking sector developments, fintech innovations, and broader economic trends specific to India.
Pitches that offer exclusive access to credible data or insider perspectives related to the Indian finance industry could also capture Saloni's attention. Additionally, she might be receptive to interviews with key figures involved in shaping financial policies or leading financial institutions in India.
This information evolves through artificial intelligence and human feedback. Improve this profile .
By: Rozebud Gonsalves, Saloni Shukla
Bajaj Housing Finance, set to launch a ₹6,560-crore IPO next week, is open to selling stakes to strategic investors. Promoters plan to dilute stakes in phases to comply with listing norms, starting with a 10-11% stake via this IPO. The company, established in 2017, has grown rapidly, reaching assets over ₹90,000 crore by March 2024.
By: Rozebud Gonsalves, Saloni Shukla
Bajaj Housing Finance, set to launch a ₹6,560-crore IPO next week, is open to selling stakes to strategic investors. Promoters plan to dilute stakes in phases to comply with listing norms, starting with a 10-11% stake via this IPO. The company, established in 2017, has grown rapidly, reaching assets over ₹90,000 crore by March 2024.
By: Saloni Shukla, Rozebud Gonsalves
Banks have an advantage because of CASA, but CASA comes with the requirement of CRR and SLR. So it ends up balancing itself. Banks have stable sources of retail money and large deposits and it's also cheaper, but the cost to raise it (retail money) is large. In HFCs we have wholesale money, which may be expensive but the cost of raising it also lower. We also have ‘Bajaj brand advantage as compared to other HFCs, says Sanjiv Bajaj, Chairman, Bajaj Housing Finance.
By: Saloni Shukla, George Smith
HDB Financial Services, the non-banking finance arm of HDFC Bank, is preparing for an IPO. They are in talks with Bank of America Securities, Morgan Stanley, and Nomura to shortlist advisors. The IPO aims to raise around ₹10,000 crore by diluting nearly 10% of its stake. The listing complies with RBI guidelines.
By: Saloni Shukla
Synopsis The S&P rankings analyse the performance of Indian lenders based on seven weighted financial metrics, including return on average equity, net interest margin, cost-to-income ratio and nonperforming loan ratio, as of the year ended March 31. Nine of the top 10 lenders in the ranking were private sector banks, with seventh-placed Bank of Maharashtra the public sector exception.
By: Saloni Shukla
India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FICCI, and Indian Banks' Association highlights the need for $4 trillion in bank capital and emphasizes financial inclusion, digitization, and emerging technologies as key drivers for this growth.
By: Saloni Shukla
The Fintech Association for Consumer Empowerment (FACE) aims to include smaller companies to enhance its representation and effectiveness. Recognized by the Reserve Bank of India as a Self-Regulatory Organisation, FACE plans to expand its membership, set up committees, and work on a fraud repository in collaboration with various authorities.
RBI data reveals a slowdown in bank credit to non-banking financing companies, with growth halving compared to last year. Outstanding credit exposure stood at Rs 15.3 lakh crore in July 2024. Personal loans also saw slower growth, influenced by regulatory measures and market conditions, signaling a potential moderation in overall credit offtake for FY25.
Synopsis Godrej Capital, part of Godrej Industries Group, plans an IPO in the next two to three years. The company aims to raise ₹500 crore-₹1,000 crore from its parent for lending. With a goal of reaching ₹50,000 crore AUM by FY28, it currently has ₹10,500 crore AUM and focuses on MSME and housing sectors.
HDFC Bank is seeking fintech partnerships to develop tech solutions for loans, payments, customer service, and small business banking. This strategy aims to leverage the strengths of both entities to scale its business. Successful collaborations include PayzApp and Vyapaar platforms created with Zeta and Mintoak.
(833) 317-6278 
