Page 10 - Financial Sector

Over 57% consumers prefer internet banking in Covid-19 era: Report

As the pandemic environment is moving consumers to interact more digitally with their banks, platform models offer agility and scalability during uncertain times

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Interest waiver will impact financial viability of banks: RBI to SC

The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver

Putting Indian financial sector back on feet biggest challenge: Panagariya

Panagariya also argued that fiscal stimulus, which works by creating demand, cannot go far when there are no workers to help generate a supply respons

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

Market rout: Financial sector stocks are not attractive yet, say analysts

Marque stocks are available at significantly lower valuations, but near-term risks may not be fully priced in

Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA

IBA's managing committee met on Friday and decided to put up five set of demands to the central government and RBI to help the financial sector and retail and corporate borrowers alike

FinMin may cut interest rates on small savings schemes for April-June qtr

The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme

India is beginning to look like a tired proposition: Ashmore's Jan Dehn

After the election-related fiscal blowout, India needs to scale back fiscal spending and roll out aggressive reforms

Financial groups: Focus shifts to their ability to boost parent's valuation

While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

IIFL sees opportunity in crisis, bets on beleaguered financial sector

Defaults that began in 2017 with the IL&FS Group have triggered liquidity issues across other banks and shadow lenders that now face increased regulatory scrutiny

Too early to say that financial sector is out of the woods: M Raychaudhuri

Present liquidity-driven rally does generate some concerns about the market moving ahead of fundamentals, says Raychaudhuri

Insolvency rules for FSPs: Regulator has more control than CoC, say experts

Experts say a separate framework for financial service providers is required to protect retail investors, and for systemic reasons

Rescuing the financial sector

In the concluding part of the series, the author argues that a government with the courage to abrogate Article 370 must not shy away from the banking reform required

Rising risk of contagion in India's financial sector, cautions S&P

A recent contagion analysis released by the Reserve Bank of India (RBI) suggested that the failure of any top-five HFC or NBFC could result in the default of up to two banks

Financial sector stress

It is not obvious how the system will come out of it