FINTECH SALARY
Flexi-staffing industry in India sees 8% YoY growth in new employment in 2025-26: ISF report
The push for formal employment, strongly supported by the staffing industry, has been instrumental in bringing more workers into structured flexi roles, thereby boosting reported employment figures and aligning with the industry’s commitment to providing formal opportunities, especially for first-time job seekers and freshers, the report said.
EV, FinTech jobs set to deliver biggest raises
Indian employees can anticipate salary increments of 8.6% to 10.2% in FY2026-27, with EV infrastructure, fintech, and healthcare sectors leading the hikes. Electrical engineers are projected for the highest increases at 11.2%. Geopolitical tensions and inflation could temper these projections, leading to cautious budgeting by businesses.
India Inc to dole out salary hikes of up to 10.2 pc across industries in FY27: Report
Corporate India anticipates salary increments between 8.6% and 10.2% this financial year, driven by demand for skilled talent in high-growth sectors like EV and FinTech. Emerging cities are also strengthening their position in the talent economy, while select roles and specific cities are projected to lead these salary hikes.
RBI holds repo rate, but for how long will relief for home loan borrowers continue?
The RBI’s decision to keep the repo rate unchanged at 5.25% has provided relief to home loan borrowers, but rising inflation could trigger future rate hikes and costlier EMIs. Borrowers can reduce interest burden through strategies such as home loan prepayments, paying an extra EMI annually, or refinancing at lower rates. These methods can save lakhs in interest and significantly shorten loan tenure.
India's brain-gain moment may be starting with a crack in the American dream
As green card backlogs, visa uncertainty and layoffs reshape the American dream, India is emerging as a stronger destination for globally experienced professionals. Experts say GCCs, AI, semiconductors and product firms could absorb returning talent, though compensation gaps and ecosystem challenges remain.
Harassed by loan recovery agents? Know your legal rights and 6 steps to fight back
Borrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised visits, despite RBI rules prohibiting such practices. Experts say many borrowers are unaware of their rights and grievance mechanisms. RBI guidelines allow complaints against harassment and provide borrower protections, while debt restructuring and one-time settlements can help resolve repayment difficulties and reduce financial stress.
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From lottery draws to fiscal spending, China broadens digital yuan footprint
In a series of measures, many revealed here for the first time, the People's Bank of China (PBOC) is giving banks policy incentives and behind-the-scenes directives to expand the use of digital yuan, also known as e-CNY, in areas ranging from lottery draws to green electricity charges and fiscal spending.
Three mortgages, zero salaries: What do families do when everyone loses their job together? Viral layoff story reveals fear, debt, and survival panic
A shocking rise in family financial crisis after layoffs is emerging as global job cuts accelerate across tech, fintech, and aviation sectors. In recent months, multiple households have reported simultaneous unemployment among all earning members, pushing savings under pressure. Rising interest rates, shrinking job openings, and delayed hiring are worsening stress levels. Many families now face mortgage defaults and income collapse at the same time.
Gig workers' incentives cool; YC attendees resell AI credits
Happy Tuesday! Despite a shortage of delivery workers, payouts for gig riders have increased only slightly this summer. This and more in today's ETtech Morning Dispatch.
High-performing Gen Z employee fired for 'attitude' turns tables, rehired two weeks later at double salary after system crash
A Gen Z employee was fired for 'attitude' and 'culture fit' despite meeting project deadlines. Weeks later, the company's systems failed due to undocumented backend infrastructure he managed. He was rehired as a consultant, demanding double his previous salary, highlighting the value of skilled, albeit undocumented, contributors.
Your monthly spend also decides how soon you can retire: Expense tracking apps, AI tools are changing how Indians invest
Expense-tracking apps, spreadsheets, Artificial Intelligence (AI) -generated analysis, and budgeting dashboards are not merely bookkeeping tools. They reveal recurring patterns, unconscious leakages, and hidden habits that quietly shape long-term wealth outcomes. Before you can plan where your money goes, you have to see where it is already going.
Top B-schools see pay surge as hiring picks up
Top Indian business schools report improved placement packages for the 2026 batch. Consulting and finance sectors are driving this growth. While technology hiring has scaled down, overall recruiter numbers have increased. This indicates a selective recovery in the placement season. XLRI, SPJIMR, MDI, TISS, and IMT Ghaziabad have all witnessed an upward trend in average and median salaries.
Startups seek digital gold rules; IT firms bet on freshers
Happy Friday! The Centre may be open to creating an oversight framework for the digital gold sector. This and more in today’s ETtech Morning Dispatch.
These 8 private and public banking stocks have an upside of up to 35% in one year, according to analysts
There was a decline in banking stocks during Tuesday’s trading session. The drop came as a reaction to the RBI tightening its bad loan norms. The market’s reaction was not really a surprise. The new rules will have an impact on bank margins in the short term. In the longer term, however, remember that banking as a business will grow in the way it should only if there are good and tough regulations in place. That’s something to keep in mind as an investor.
Fintech firm Credilio raises Rs 78 crore led by Cornerstone Ventures
Fintech startup Credilio Financial Technologies has secured Rs 78 crore in funding led by Cornerstone Ventures, alongside Rs 23 crore in venture debt. The company aims to expand its customer base from one lakh to 50 lakh within three years, targeting underserved segments in tier II and smaller towns with its unique fixed-deposit-backed credit cards.
Should I increase my term insurance cover of Rs 75 lakh and health insurance cover of Rs 10 lakh considering inflation?
ET Wealth Reader's Query: I am 38, a salaried professional earning Rs 22 lakh annually. My family includes a spouse and a 5-year-old child. I currently have a Rs 75 lakh term insurance policy and a Rs 10 lakh family floater health cover. Is my term cover adequate, or should it be increased considering inflation and long-term goals such as child’s education? I want to ensure my coverage is adequate but not excessive.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of up to 25%
If you are putting fresh money into the market, it might be a good idea to stay with companies that don't have much to do with global supply chains and where the underlying product or service fulfills a “need” of people, or is “essential” in some way. The reason: With the ongoing Gulf war, we are not talking much these days about the impact of tariffs. But their impact will soon show up – both in terms of bottom lines as also the narrative on the street.
Beyond KYC: Why digital trust needs real-time intelligence
Ashok Hariharan of IDfy argues that digital trust must evolve beyond one-time KYC to continuous, intelligence-led risk assessment across the customer lifecycle.
Higher job retention among women despite low workforce share than men: Report
A new report reveals women in India's formal workforce stay in their jobs 36% longer than men, with a median tenure of 10.6 months compared to 7.8 months for men. Despite this higher retention, women remain underrepresented, though the IT sector shows a higher share. A significant drop in participation is observed among women aged 35-45.
Labour codes push 4 in 5 firms to rework pay, hiring
India's new labour codes are driving significant changes in employment, with most employers revising salaries and facing higher costs. This is prompting a moderation in wage growth and a strategic recalibration of workforce models. Despite increased costs, hiring sentiment is improving, particularly in tech and emerging sectors, with a focus on capability-driven urban centers and digital skills.
They earn less than Rs 50,000, but this is how 93% salaried Indians are spending more
A recent study reveals a significant rise in credit card usage among lower-income Indians, with 93% of salaried individuals earning under ₹50,000 and 85% of self-employed individuals now relying on them. Buy Now, Pay Later (BNPL) services are also gaining traction, particularly among self-employed individuals.
Study finds 93 pc of low-income salaried individuals rely on credit cards
A recent study reveals a significant reliance on credit cards among low-income individuals in India, with 93% of salaried employees earning under Rs 50,000 and 85% of self-employed individuals using them. Buy Now Pay Later services are also gaining traction. Fintech companies are leading the digital lending revolution, disbursing a substantial portion of personal loans.
Fintech startups freeze salary loan products as RBI cracks down on unsecured loans
The advance salary product was designed for working professionals to take an instant personal loan for about a month, similar to a salary advance. It allowed employees to receive an amount equivalent to half their salary mid-month, and to repay it once the salary is credited.
EarlySalary eyes $100 million from TPG, Norwest
Investment likely to be officially announced in next few days.
A stress test awaits e-lending firms as bounce rate triples
Bounce rates trebled in April despite a big chunk of loan books under moratorium
Fintech lenders turn tap off to new customers, conserve cash
EarlySalary, KreditBee and LoanTap are focusing only on servicing their existing clients and collect the loans back, in a bid to survive the economic downturn. Fintech lenders charge 1.4-2.5% per month.
Fintech lenders use omni-channel for healthy loan book
NEW STRATEGY: Startups are putting in place a mix of physical and online processes at a time of asset-quality challenges and rising borrowing costs.
Early Salary betting big on long-term loan products
The Pune-based firm offers loans up to half a person’s monthly salary with a standard repayment period of 30 days.
LoanTap has disbursed 100 loans worth Rs 2 crore in 70 days of operations
LoanTap is trying to meet the credit needs of salaried individuals for either acquiring assets or for their personal consumption.
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