Page 6 - Financial Sector

Looking back: 10 developments that shaped the financial sector in 2021

From crypto concerns to policy normalisation, deposit insurance, Shaktikanta Das' reappointment as RBI governor and Citi's India exit, here are the key developments in for the financial sector in 2021

Best of BS Opinion: Strengthening financial sector, no solution yet & more

Here is the best of Business Standard's opinion pieces for Friday

Spandana Sphoorty Financial delays Q2 results due to flux in management

Its stock closed 1.9 per cent down at Rs 524.15 per share on BSE

Max Financial Services profit declines 41% to Rs 47.65 cr in Sept quarter

The company on Tuesday reported an over 41 per cent decline in its consolidated net profit

Poonawalla Fincorp consolidated net profit up 151% in Sept quarter

Its total income on consolidated basis fell to Rs 512.57 crore in Q2FY22 from Rs 602.64 crore in Q2FY21

How Account Aggregators can help you & bring in open banking

AA merely acts as a conduit or a channel between FIUs and FIPs

Tie-ups like Equitas-Google Pay can significantly disrupt payments sector

With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition

At FSDC meet, regulators told to keep a watch on financial sector

Officials stress need to strengthen resolution framework for financial institutions

FSDC asks regulators to keep constant vigil on financial sector

The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on financial sector

Time to cut weight in mid-, small-cap stocks: Samir Arora, Helios Capital

'I see the second half of 2021 as more of a consolidation period at the index level', said Samir Arora

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

Auto, financials see earnings cut following Covid-19-linked state lockdowns

Meanwhile, hospitals, cements and metal companies have seen further upgrades in their FY22 earnings estimate

FSDC sub-committee meets virtually to take stock of Covid-19 situation

Discussed scenario emerging from second wave and various inter-regulatory issues; reviewed activities of various technical groups under its purview

Strong earnings reported by financial sector companies spur indices

Sensex records biggest one-day jump in a month, Nifty50 ends the session with a gain of 211 points or 1.4 per cent

Bajaj Finance net rises 30% to Rs 1,161 cr in January-March quarter

The company had posted a net profit of Rs 892 crore in the corresponding quarter last year

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI

Need new well-capitalised asset-reconstruction companies, says RBI study

Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued

RBI constitutes six-member panel headed by former ED to review ARCs

The panel will recommend suitable measures for enabling such entities to meet the growing requirements of the financial sector

Bringing SPACs to India

SPAC, a novel shell company structure, may be useful but effective investor protection measures and education are key

Fin sector may see 'facelift' this year as term of many honchos set to end

BBB starts selection process as nearly half a dozen public sector bank CEOs' term comes to an end