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| 'Our focus will be semi-urban and rural markets' | 05-NOV-09 |
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| Mahindra Finance, the non-banking finance arm of the Mahindra group, saw its net profit double in the second quarter. Recently, it also crossed the one million customer mark. In a conversation with Sudeep Jain, the company’s managing director, Ramesh iyer, talks about their core commercial vehicles’ finance operation and the new lines of business the group plans to enter. |
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| Stance to spur growth | 28-OCT-09 |
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| ‘The guidance for the October monetary policy is clear. There is enough liquidity in the system to meet the demand from the government and private borrowers, good growth momentum, good flow of offshore liquidity through debt and capital markets, and rock-solid stability in money markets, despite the fiscal deficit. Markets have fared well since the July policy, with a decent rally in the stock market, appreciation of the rupee and stable bond yields. |
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| 'Inflation has become a bigger concern' | 28-OCT-09 |
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| RBI Governor D Subbarao explains the rationale for the moves announced in the second quarter review of the monetary policy in an interview with Sidhartha. |
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| India's Financial Sector in Current Times | 26-OCT-09 |
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| I am greatly honoured by the invitation to deliver S. Guhan Memorial Lecture. I am grateful to the organisers namely, Citizen Consumer and Civic Action Group, for extending the invitation. Mr. Guhan’s reputation as a distinguished scholar, as a thorough gentleman, as an outstanding civil servant, as a respected authority in applied economics and above all as one committed to highest values in life, are well known. |
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| Alarm raised over lack of funding for NBFCs | 23-OCT-09 |
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| Pointing to the liquidity problems that non-banking financial companies (NBFCs) faced during last year’s financial crisis, the Reserve Bank of India (RBI) said NBFCs lacked access to low-cost funding, leading them to resort to unsecured loans to build their asset base. |
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| NBFCs seek exemption from MAT | 20-OCT-09 |
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| Non-banking financial companies (NBFCs) have sought exemption from minimum alternate tax (MAT) under the proposed direct tax code. The companies have told the finance ministry about their reservations on the code. |
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| Axis to set up infra NBFC | 13-OCT-09 |
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| After recently venturing into mutual funds, Axis Bank on Monday announced that it plans to setting up a non-banking financial company (NBFC) to fund infrastructure activities. |
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| NBFCs back in favour with MFs | 05-OCT-09 |
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| With ample liquidity in the system, non-banking finance companies (NBFCs) are once again a lucrative investment option for mutual funds. |
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| Bajaj Auto Finance jumps 20% | 02-OCT-09 |
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| Stock of Bajaj Auto Finance, the non-banking finance company (NBFC) of Bajaj Financial Services, gained 20 per cent at Rs 286 a share on the Bombay Stock Exchange on speculation of a possible restructuring. |
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| SocGen looks to India for growth | 22-SEP-09 |
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| After having a minor presence in India for more than three decades, French banking group Societe Generale (SocGen) is now counting on India along with China to offer major growth opportunities in the next three to five years. |
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| New norms to ease vehicle repossession | 15-SEP-09 |
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| Key changes are expected in vehicle repossession norms to ease the process for banks to take back cars and two-wheelers from owners that default on loan repayments. |
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Content Guide
