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Page 7 - Financial Sector

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

RBI constitutes six-member panel headed by former ED to review ARCs
Updated On : 20 Apr 2021 | 1:13 AM IST

Bringing SPACs to India

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

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Updated On : 08 Apr 2021 | 10:46 PM IST

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

Fin sector may see 'facelift' this year as term of many honchos set to end
Updated On : 18 Feb 2021 | 6:24 PM IST

Capitalise PSBs, create bad bank to absorb NPAs, says financial sector

Rating agency CARE Ratings said, given that bank credit growth would be higher in FY22 than in FY21, incremental credit would be Rs 10-11 trillion

Capitalise PSBs, create bad bank to absorb NPAs, says financial sector
Updated On : 26 Jan 2021 | 6:10 AM IST

Budget 2021: Super agency to probe financial sector frauds on cards

Move, proposed by CII in Budget wish list, could enhance ease of doing biz

Budget 2021: Super agency to probe financial sector frauds on cards
Updated On : 25 Jan 2021 | 6:10 AM IST

The new playbook: RBI steps in to stem the nexus between banks and fintechs

With the RBI red-flagging mushrooming of digital apps, the tango between banks and fintechs may be in for a big change, report Hamsini Karthik and Raghu Mohan

The new playbook: RBI steps in to stem the nexus between banks and fintechs
Updated On : 17 Jan 2021 | 8:41 PM IST

NSE launches derivatives on Nifty financial services index

This will give more flexibility to institutional as well as retail investors to manage their hedge

NSE launches derivatives on Nifty financial services index
Updated On : 12 Jan 2021 | 12:55 AM IST

Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum

KUWY is an Automotive FinTech Company, powering Instant Lending across Point of Sale

Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum
Updated On : 11 Jan 2021 | 1:57 PM IST

Credit Suisse to slide into red as it sets aside $850 mn for US litigation

MBIA sued Credit Suisse in 2009 over hundreds of millions of dollars it paid out to compensate investors after thousands of mortgages failed

Credit Suisse to slide into red as it sets aside $850 mn for US litigation
Updated On : 08 Jan 2021 | 3:54 PM IST

Integrating ESG into financial sector to benefit all stakeholders: Report

There has been a shift in focus of many businesses and investors from profits to people as the pandemic unrolled

Integrating ESG into financial sector to benefit all stakeholders: Report
Updated On : 20 Dec 2020 | 3:55 PM IST

Blackstone in talks to merge Alight with blank-check acquisition firm

The merger with Foley Trasimene Acquisition Corp would result in Alight becoming a publicly-listed company at a valuation of more than $8 billion, including debt

Blackstone in talks to merge Alight with blank-check acquisition firm
Updated On : 19 Dec 2020 | 7:17 PM IST

FSDC deliberated on challenges in transition from Libor-based contracts

In a meeting, chaired by FM Sitharaman, it noted that a multi-pronged strategy involving relevant stakeholder institutions and departments is required in this regard

FSDC deliberated on challenges in transition from Libor-based contracts
Updated On : 16 Dec 2020 | 1:21 AM IST

Fitch now expects lower GDP contraction in India at 9.4% for FY21

Says Covid vaccines aren't likely to reach majority even in a year, Cautions against weak balance sheets, challenges in financial sector

Fitch now expects lower GDP contraction in India at 9.4% for FY21
Updated On : 08 Dec 2020 | 11:44 PM IST

Fin sector must reduce reliance on banking system for fundraise: Sebi chief

t would be a challenging task to achieve the government''s target of having Rs 100 trillion investments in infrastructure by 2024-25 unless the bond market is adequately developed, Tyagi added

Fin sector must reduce reliance on banking system for fundraise: Sebi chief
Updated On : 21 Oct 2020 | 5:13 PM IST

It's tough to balance needs of customers and security

People and businesses today are more connected than ever, linking all types of devices and systems to the internet, which can open the door to common cyber-attack methods including ransomware

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Updated On : 11 Oct 2020 | 9:18 PM IST

Financial sector is in the middle of a perfect storm: Pankaj Murarka

"September quarter earnings will be somewhat a mixed bag, as the pandemic has had varying impact on companies across sectors," says Murarka.

Financial sector is in the middle of a perfect storm: Pankaj Murarka
Updated On : 25 Sep 2020 | 1:28 PM IST

IMF says India needs another fiscal stimulus, income support to fight Covid

In the short term, a detailed well communicated and credible medium-term fiscal consolidation plan is also important, alongside an increase in fiscal transparency, IMF said

IMF says India needs another fiscal stimulus, income support to fight Covid
Updated On : 10 Sep 2020 | 9:19 PM IST

Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh

Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks

Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh
Updated On : 01 Sep 2020 | 11:04 PM IST

FM Sitharaman to hold review meeting with lenders on loan recast scheme

Most state-owned bank execs expect 5-7% of their loan books will require restructuring

FM Sitharaman to hold review meeting with lenders on loan recast scheme
Updated On : 31 Aug 2020 | 1:43 AM IST

Financial sector firms hit market to prepare for post-Covid world

Most private banks and non-banking firms are able to raise money on the strength of their profile

Financial sector firms hit market to prepare for post-Covid world
Updated On : 06 Aug 2020 | 1:17 AM IST