Finance news

Vikaas Sachdeva got a rude shock this morning, when he discovered that Rs 5,000 got wiped off from his Paytm wallet.

The government is in the process of sanctioning Rs. 20,000 crore under the partial credit guarantee scheme for non-banking financial companies (NBFCs), finance secretary Rajiv Kumar said on Monday.

The company has tied up with National Payments Corporation of India (NPCI) and Equitas Small Finance Bank for this initiative.

With this equity infusion, the capital adequacy ratio for the small finance bank has reached 19.97 per cent as on October 31, 2019, as against the regulatory requirement of 15 per cent, the release said.

43% of finance employees negotiate before taking job  CFO Dive

Fifth Column: An adda with the Finance Minister  The Indian Express

Weekly Career Horoscope: November 11 – November 17, 2019  VOGUE India

Ethereum is ‘definitely making headway’ in decentralized open finance  AMBCrypto

Trade and Development Bank, UNEP to collaborate on climate finance  Modern Diplomacy

Can You Use Microloans to Finance Your Business?  AllBusiness.com

Is Finance Helping Your Optimizing Operations?  Automation World

Top officials of Frankfurt financial finance Center visit Riyadh  Saudi Gazette

Bron Studios execs talk 'Bombshell', future plans at AFM finance conference panel  Screen International

IRS officer from Mangaluru gets finance minister’s gold medal  Times of India

The Finance of Epic Games – Fortnite Subsidises All?  Wccftech

Poland Picks Ex-Banker as Fifth Finance Minister Since July  BloombergQuint

AU Small Finance Bank allots 34,985 equity shares under ESOP  Business Standard

The central bank also said that the volume of transactions through Unified Payments Interface (UPI) witnessed a year-on-year (y-o-y) growth of 263% to 874 crore in September.

China-U.S. trade war to ease but conflicts will persist - former finance minister  Reuters India

5 personal finance tips for college students  Times Now

Yahoo Finance LIVE - Nov 12  Yahoo Finance

Indian economy can withstand any cyclical winds: MOS for Finance and Corporate Affairs Anurag Thakur  Times Now

"Yahoo Finance" featured Pace University in "Planned Acts of Kindness Announces Kick-Off Summit for 2020: The Year of World Kindness"  Pace News

State Bank of India’s one year MCLR after the cut comes down to 8% per annum, while three-year MCLR comes down to 8.2% per annum.

The lender had reported a net profit of Rs 128 crore for the first quarter of the current financial year.

German Finance Minister Olaf Sholz talks about Europe's economic future  Euronews

Climate finance: EU and member states' contributions up to €21.7 billion in 2018  EU News

Similarly, the limit has been increased from Rs 1.6 lakh for urban or semi-urban areas to Rs 2 lakh, the RBI said in a circular.

Equitas Holdings confident of listing small finance bank by March  Economic Times

Kotak, the head of the private sector lender Kotak Mahindra Bank, said non-disruptive creative destruction is essential for the financial sector to help in winding up of businesses.

Fintechs, Banks and the New Geo-Economics of Global Finance  Moneylife

Siler City hires finance director  The Chatham News + Record

Entries open for young personal finance journalist competition  Financial Times

Your NEFT payments may soon stop attracting charges from as early as January 2020.

Finance ministry looks to widen tax base in FY21 budget  Livemint

Dutch Finance Minister Wopke Hoekstra on Banking Union, Fiscal Spending, Cryptocurrencies  Bloomberg

Former PM Manmohan Singh to be on Finance Parliamentary Panel  The Tribune India

Share market update: NBFC stocks mixed; IIFL Finance climbs 7%  Economic Times

Turkey enters rebalancing period: Finance minister  Hurriyet Daily News

Share market update: Nifty Financial Services index up; Indiabulls Housing Finance jumps 7%  Economic Times

On note ban anniversary, a former finance ministry official wants Rs 2,000 demonetised  Economic Times

Finance Ministry says fundamental of Indian economy robust, reforms to stimulate investments  Economic Times

RBI guv allays fears, but says sharp variations in capital positions among shadow lenders; FM reviews state of the economy

On Wednesday, SBI chairman Rajnish Kumar said if other banks cease to lend to infrastructure projects, it only means a fresh opportunity for SBI.

The loan carnivals were organised in two phases, with the first leg from October 1 and 9 and the second one from October 21 to 25.

The bank's operating profit during the September quarter witnessed a 138% year-on-year jump to Rs 1,207.04 crore from Rs 506.10 crore in the corresponding quarter of the last fiscal, as both net interest income (NII) and non-interest income substantially grew.

French & German institutions keen to finance Surat metro rail project  Times of India

UK election rivals: Dueling promises from finance minister foes  Al Jazeera English

Singapore and Shanghai Threaten Hong Kong's Status as Finance Hub  Bloomberg

TPG Capital leads ₹225 cr funding round in Jana Small Finance Bank  Livemint