Finance news

Not enough prop for AU Small Finance Bank’s lofty valuations  LivemintAU Small Finance Bank's net profit grew 42% in Q4 but bad loans surged 74% y-o-y to ₹470 crore.Fee income growth—critical for small finance banks to scale ...

RBI)on Tuesday announced the purchase of government securities under Open Market Operations (OMOs) for an aggregate amount of Rs 25,000 crore in May in a bid to ease the liquidity deficit in the banking system.

Sudan's windfall from the Gulf and the perils of new development finance - AEI  American Enterprise InstituteToday's windfall is tomorrow's institutional challenge. View related *content*: Africa, Economic Development, International Economics, Middle East. Saudi Arabia ...

15th Finance Commission likely to pitch for more powers to local bodies  Business StandardThe 15th Finance Commission (15th FC), which is to submit its report in a little over six months, may recommend giving greater financial freedom and powers to ...

The RBI on Monday granted approval to HDFC to acquire shareholding of 9.9 per cent or less of the paid-up capital of Bandhan Bank upon the effective date of scheme of amalgamation

The RBI said the OMOs are being carried out "based on a review of the evolving liquidity conditions and assessment of the durable liquidity needs going forward".

Aye Finance reaches ₹1,000 cr in AUM  The Hindu BusinessLineAye Finance, a CapitalG-backed fintech lender to the MSMEs said on Tuesday that it had reached ₹1000 crore Asset Under Management (AUM) milestone ...

Micro finance sector to grow up to 22% in FY20: ICRA  BusinessLineThe micro finance industry is on the path of recovery and is likely to see a growth of 20-22 per cent in 2019-20 despite last year's liquidity squeeze, according to ...

More states are forcing students to study personal finance. It’s a waste of time.  The Washington PostStudy after study shows that financial-literacy courses don't change behavior.

Small Finance Banks Are Squeezing the Common Man: CP Krishnan  NewsClickThese banks are sucking the blood of the common man, says CP Krishnan, general secretary, Bank Employees Federation of India (Tamil Nadu unit).

RattanIndia Finance launches MSME loans to facilitate easier credit access for small businesses  YourStoryRattanIndia Finance, a joint venture by Rajiv Rattan and US-based private equity Loan Star Funds, has launched MSME loans to facilitate easier credit access to ...

Suryoday Small Finance Bank starts operations in Hyderabad  BusinessLineMaharashtra-based Suryoday Small Finance Bank (SSFB) launched its operations here on Tuesday with the inauguration of its first branch.MD and CEO of ...

Are the French about to lose a public holiday to finance 'yellow vest' reforms?  The Local FrancePresident Emmanuel Macron is set to announce his long-awaited response to almost half a year of “yellow vest” street protests... but how will he finance them?

How An MBA Can Open Doors To A Career In Finance  BusinessBecauseSilvio Piserchia did an MBA to become a consultant, but his experience set his career on a new path into finance.

HSBC and Walmart launch green finance program to drive carbon cuts in retail supply chain  GreenBizOne of the world's largest retailers has teamed up with HSBC to launch a new program offering its global suppliers improved financing rates tied to their ...

We are back with original NBFC avatar rather than a bank avatar: Sanjay Agarwal, AU Small Finance Bank  Economic TimesOur DNA is NBFC and we are operating the way we have operated in last 20 years, says Agarwal.

AU Small Finance Bank’s profit up 42% in March quarter  Economic TimesMUMBAI: AU Small Finance Bank's profit grew 42 per cent to Rs 118 crore in the March quarter led by a 50 per cent growth in loans for vehicle purchases.

What’s Plaguing Reliance Capital And Reliance Home Finance?  BloombergQuintTwo financial services firms of the Anil Ambani-led Reliance Group — Reliance Capital Ltd and Reliance Home Finance Ltd — have seen their credit ratings ...

Stocks To Watch: AU Small Finance, ACC, Biocon, Essel Propack, GAIL, SBI  BloombergQuintStocks in Asia eked out modest gains at the open Tuesday as investors look to a deluge of earnings for reasons to carry an equity rally further.Equities rose in ...

DMRC has been running the Airport Express line since 2013 after DAMEPL pulled out from running the Airport Express Metro line over safety issues.