Page 12 - Finance Sector

Scoring in their second innings: NBFC entrepreneurs stage a revival

A clutch of shadow bank entrepreneurs have weathered the storm and are now evangelists for the business

Regulators must adapt as technology changes the insurance landscape

Companies are using insurance technology, or insurtech, to prevent fraud, process claims promptly, and offer personalised services to customers

Why investors should opt for MFCentral for direct MF transactions

MFCentral makes direct plan MF transactions more robust by eliminating the middleman and also significantly reduces the risk of mis-selling

Jio Finance likely to delay its maiden bond issue of Rs 3,000 crore

"There are few days left in the financial year (FY25). Liquidity conditions will ease and after the rate cut, yields will soften," a source said

Bajaj Finance elevates Anup Kumar Saha to managing director from April 1

Current managing director, Rajeev Jain, will become vice-chairman in the capacity of an executive director for a period of three years with effect from April 1, 2025

Parliamentary panel raises concern over dip in CASA ratio for banks

The standing committee also emphasised that by fostering a secure banking ecosystem and prioritising technological advancements

Net FDI dips to $1.4 bn in Apr-Jan 2025; gross FDI rises 12.4%: RBI data

Repatriation/disinvestment by those who made direct investments in India rose to $46.1 billion during the 10-month period of 2024-25, up from $36.9 billion in April 2023-January 2024

Public sector banks must plan timely capital raise, says M Nagaraju

Each bank has its own unique set of challenges, manpower, systems, capabilities, and infrastructure

LIC names Shatmanyu Shrivastava as chief risk officer, effective March 19

He is a fellow member of the Institute of Chartered Accountants of India and also a fellow of the Insurance Institute of India (qualified in 2000)

New India Bank case: Accused surrenders before EOW; six arrested so far

The Economic Offences Wing (EOW) of Mumbai police on Sunday arrested a wanted accused in the Rs 122-crore embezzlement at New India Cooperative Bank, an official said on Sunday. Arunachalam Ullahanathan Maruthuvar (62), who had been absconding for the past month, surrendered at the EOW office in south Mumbai in the morning. He was produced in a court which remanded him in police custody till March 18, the EOW official said. This is the sixth arrest in the case. According to police, Arunachalam received nearly Rs 30 crore of the misappropriated funds from the prime accused Hitesh Mehta, the cooperative bank's former general manager and head of accounts. The anti-financial crime unit on Friday arrested the wanted accused and civil contractor Kapil Dedhia from Vadodara in neighbouring Gujarat. A court here has remanded him in police custody till March 19. Police said Rs 12 crore of the embezzled fund was credited to his account. According to the police, Rs 122 crore was siphoned off

Climate risks: RBI moots common pool of projects to enhance financing

Stressing the need for regulated entities to consider creating a common pool of bankable projects for climate related finance, RBI Governor said

Bank's asset quality to deteriorate moderately in F26 and FY27: Moody's

Funding tightness to abate as loan-to-deposit ratio stabilizes

India's housing finance struggles with regional disparities, warns NHB

As of 30 September, 2024, individual housing loans outstanding stood at Rs 33.53 lakh crore, reflecting a 14 per cent growth compared to the previous year

Global funds' asset under custody see second-worst plunge amid market rout

The benchmark indices -Nifty and the 30-stock Sensex - entered the 'correction' zone, falling 15.2 per cent and 14 per cent, respectively, from their September peak

RBI may have concerns about my leadership, says IndusInd MD & CEO

Discrepancies in derivatives portfolio to have 2.35% impact on the lender's net worth

Govt seeks Parliament approval for Rs 51,000 crore extra cash outgo

Gross additional spending to be matched by savings of Rs 6.27 trillion

China cracks down on wealth flaunting, sets new rules for finance sector

In recent years, the Chinese government has increased its actions and criticism of conspicuous consumption and the flaunting of wealth on social media

Indian firms ramp up long-term FX hedges on rupee swings, cheaper costs

The rise in hedging longer-tenor exposures follows a pickup in shorter duration hedges

Securitisation volumes likely to touch Rs 60,000 crore mark in Q4FY25

The volumes are typically higher in Q4 because many banks are interested in acquiring PSL assets to meet regulatory norms, apart from the pickup of microfinance disbursements

Individual housing finance market to grow to Rs 77-81 trn by FY30: Report

The residential properties market remains buoyant, a key driver of the housing finance industry, with an absolute growth of 74 per cent since calendar year (CY) 2019