Page 8 - Financial Sector

How Account Aggregators can help you & bring in open banking

AA merely acts as a conduit or a channel between FIUs and FIPs

Tie-ups like Equitas-Google Pay can significantly disrupt payments sector

With Covid-19 putting the brakes on bank lending, fintech players have begun to give banks serious competition

At FSDC meet, regulators told to keep a watch on financial sector

Officials stress need to strengthen resolution framework for financial institutions

FSDC asks regulators to keep constant vigil on financial sector

The high-level FSDC headed by Finance Minister Nirmala Sitharaman on Friday discussed a host of issues concerning the economy and underlined the need for keeping a continuous vigil on financial sector

Time to cut weight in mid-, small-cap stocks: Samir Arora, Helios Capital

'I see the second half of 2021 as more of a consolidation period at the index level', said Samir Arora

2nd Covid wave increased financial risks to households, small biz: Moody's

India's financial sector, the rating agency said, is the main driver of potential event risk to the sovereign

Auto, financials see earnings cut following Covid-19-linked state lockdowns

Meanwhile, hospitals, cements and metal companies have seen further upgrades in their FY22 earnings estimate

FSDC sub-committee meets virtually to take stock of Covid-19 situation

Discussed scenario emerging from second wave and various inter-regulatory issues; reviewed activities of various technical groups under its purview

Strong earnings reported by financial sector companies spur indices

Sensex records biggest one-day jump in a month, Nifty50 ends the session with a gain of 211 points or 1.4 per cent

Bajaj Finance net rises 30% to Rs 1,161 cr in January-March quarter

The company had posted a net profit of Rs 892 crore in the corresponding quarter last year

NBFCs seek fresh debt recast as Covid-19 second wave wreaks havoc

Those who had availed themselves of the recast earlier should get a second chance, the Finance Industry Development Council said in a letter to the RBI

Need new well-capitalised asset-reconstruction companies, says RBI study

Notwithstanding the increase in the number of ARCs over time, there has been a concentration in the industry in terms of AUM and the security receipts issued

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

Bringing SPACs to India

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

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

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

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

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

NSE launches derivatives on Nifty financial services index

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

Volkswagen Finance acquires majority stake in KUWY Tech for undisclosed sum

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