Page 30 - Finance Sector

Bypass MFs' foreign investment limits, access wider product menu via LRS

Consider this route after developing a robust domestic portfolio and if you can invest minimum $50,000 annually

Fada commences dealer satisfaction study with finance, insurance firms

Automotive dealers' body FADA on Monday said it has commenced a dealer satisfaction study with a focus on finance and insurance firms. The Federation of Automobile Dealers Associations (FADA) will undertake the study at dealerships in association with Singapore-based PremonAsia. The study will look at key factors and attributes impacting the business relationship of dealerships with finance and insurance organisations, FADA said in a statement. It is expected that the results of the study will help finance and insurance companies to design newer products, services and processes to help dealers and end-consumers, it added. "The study will focus on key aspects of the relationship between dealers and finance and insurance companies and therefore, provide a platform to understand the nuances of this relationship," FADA President Manish Raj Singhania said.

Terms of contract override sales pitch

The SC said that Monga could not be allowed to question the interest rate after having acquiesced by signing the loan agreement

Economy strong, but market may consolidate in near term

The Narendra Modi-led government has been in power since 2014 and the country has witnessed decisive policies, political stability and economic growth since then

Growth path: Premium of non-life insurance companies grew 12.78% in FY24

Private general insurers gain market share

50% of public service organisations set to use GenAI soon: EY survey

Public organisations recognise that Gen AI will improve the citizen experience and serve as a catalyst to drive innovation

RBI Guv Das for greater participation of banks in rupee derivatives market

Currently, domestic banks primarily interact with global market-makers rather than end clients and have yet to establish themselves as significant market-makers globally

Statsguru: The private sector investment cycle shows revival signs

The current uptick is spread out across multiple sectors. There have been a slew of announcements in the past two months, including the ground-breaking for three semiconductor facilities

Monetary policy: Review of liquidity ratio framework for banks on the cards

Securities that are eligible for the statutory liquidity ratio like central and state government bonds are reckoned as HQLA for the purpose of calculating LCR. Banks have to maintain 100 per cent LCR

Banks' outstanding loans rose 20.2% on year in two weeks to March 22: RBI

Outstanding loans rose 1.21 trillion rupees ($14.54 billion) to 164.35 trillion rupees in the two weeks to March 22

Investors should sync tax savings with goals and cash flow needs

Even ELSS, being an equity fund, should be purchased with minimum seven-year horizon

SFBs securitise loans worth Rs 9,300 crore to generate liquidity

The securitisation volumes in Q4 FY24 witnessed healthy growth of 26 per cent over the preceding quarter, rising to Rs 48,000 crore

Experts suggest to keep low-cost Nifty 50 index fund at core of portfolio

If risk appetite permits, consider active midcap and smallcap funds, and factor funds in satellite portfolio

LeapFrog investments, Aavishkaar infuse $48 mn in Electronica Finance

The fund will pave the way for EFL's expansion, specifically in financing for MSMEs in India's high-growth manufacturing sector

From Federal Bank to L&T Finance, cos see robust disbursements in Q4 FY24

During the quarter under review, the CASA ratio of the lenders continued to remain under pressure

Apr 1, FY25: Income-tax slab to NPS, full list of updated rules from today

Read on to know about the changes affecting your tax regime, National Pension System, EPFO, insurance, and mutual funds starting today

Muthoot Microfin raises $75 million via external commercial borrowing

Muthoot Microfin on Thursday said it has raised USD 75 million by way of external commercial borrowing for on-lending and financing of social loans. Standard Chartered Bank, Doha Bank, RakBank (National Bank of Ras Al Khaimah), Union Bank of India (UK) Ltd, and Canara Bank, GIFT City participated in the funding, the microfinance firm said in a regulatory filing. "Muthoot Microfin has announced a syndicated social term loan of USD 75 million in the form of an ECB (External Commercial Borrowing)," it said, adding that the funds raised will be utilised for on-lending and financing of eligible social loans. The loan has been tied up for a 3-year and 3-month tenor and benchmarked to a 3-month Term SOFR (Secured Overnight Financing Rate) with a margin of 2.85 per cent, which will be serviced at a quarterly frequency. Muthoot Microfin CEO Sadaf Sayeed said, "This strategic move not only opens avenues for international partnerships but also introduces the MFI sector to diverse internationa

The state of state budgets

With states expected to push the reforms agenda, a mechanism is needed for assessing their budget data

Improving confidence

A healthy banking system will support growth

RBI clampdown may tighten loan growth in FY25, says S&P Global Ratings

The recent regulatory measures have upside in terms of curtailing lenders' over-exuberance, enhancing compliance culture, and safeguarding customers