Finance news

ICICI Securities on Wednesday sought bids for IDBI Bank-owned IDBI Asset Management and IDBI MF Trustee Company as part of the lender’s ongoing effort to sell off its non-core assets to raise

The bank’s total fresh slippages stood at Rs 16,616 crore in FY19 against Rs 40,672 crore in FY18. As for Q4FY19, the bank’s slippages stood at Rs 5,130 crore.

Bandhan Bank’s exposure to NBFC-MFI sector stood at Rs 2,333 crore at the end of the last fiscal. As on March 31, 2019, its loan book stood at Rs 44,776 crore.

S Africa finance minister returns as president trims cabinet  Financial TimesTito Mboweni returned as South Africa's finance minister in a slimmed-down cabinet appointed by President Cyril Ramaphosa to tackle a stagnant economy and ...

NHB directs bigger housing finance firms to appoint chief risk officer  Business StandardHFCs may have to maintain adequate funds in case of a crisis and to submit their asset-liability management data weekly | Photo: iStock ...

IFC pumps $222 million into Chola to help finance small borrowers  The Financial ExpressOf the total amount, $ 92 million is from IFC's own account and the rest syndicated from First Abu Dhabi Bank ($50 million), MUFG Bank ($50 million), National ...

Of the total amount, $ 92 million is from IFC’s own account and the rest syndicated from First Abu Dhabi Bank ($50 million), MUFG Bank ($50 million), National Bank of Ras Al-Khaimah PJSC ($20 million), and CTBC Bank ($10 million).

Non-banking financial companies (NBFCs) have been permitted to securitise loans of over five-year maturity after holding them for six months on their books.

The Reserve Bank of India (RBI) on Wednesday constituted a committee to review the existing state of mortgage securitisation in India and suggest measures to deepen it.

The task force has been asked to submit its report by the end of August 2019.

Five Ways To Future-Proof The Finance Function  ForbesFor finance to increase its impact and reposition the function, CFOs need to take the following steps.

The lender is expecting a write-back of Rs 4,000 crore from Essar Steel and Bhushan Power and Steel which are undergoing resolution under the Insolvency and Bankruptcy Code.

Finance Ministry invites applications for IIFCL MD for third time  Economic TimesNEW DELHI: The finance ministry for the third time invited application for the post of managing director of India Infrastructure Finance Company Ltd (IIFCL) as ...

verage headline inflation is expected to rise to 3.9 per cent in 2019-20 from 3.4 per cent in 2018-19, with risks to its inflation forecasts broadly balanced, the report said.

Who will be next Finance Minister of India? Swaminathan Aiyar names probables  Economic TimesAfter Finance Minister Arun Jaitley opted out of the new government, Dalal Street was abuzz with speculation that Piyush Goyal, a Mumbaikar, will most likely get ...

Disrupting Finance  Harvard Business ReviewCitigroup leading analyst Ronit Ghose, Lemonade Insurance founder and CEO Daniel Schreiber, and OakNorth Bank founder and CEO Rishi Khosla discuss ...

Bitfury, Tech Firm Mphasis Plan Blockchain Disruption in Trade Finance  CoinDeskIT firm Mphasis, which is owned by private equity multinational Blackstone, has partnered with blockchain tech firm Bitfury with the aim of disrupting trade finance ...

Cholamandalam Investment & Finance Company raises USD 222 mn from boosting finance to MSMEs  Business StandardIFC, a member of the World Bank Group, has anchored an investment round of $222 million into Cholamandalam Investment & Finance Company (CIFCL) to ...

Finance Ministry invites applications for Managing Director post at IIFCL  Business StandardThe finance ministry for the third time invited applications for the post of Managing Director of India Infrastructure Finance Company Ltd (IIFCL) as they failed to ...

Finance ministry may look at 10-year tax holiday on rental profits earned by builders  Economic TimesNEW DELHI: The finance ministry may look at a 10-year tax holiday for real estate developers on profits earned from rental housing as it looks to revive ...

Congressional report: Bitcoin adoption ‘miniscule’ compared to traditional finance  The Next WebDistributed ledger systems that underpin cryptocurrencies aren't capable of processing the number of transactions required for mass adoption — but it doesn't ...

CM retains Home department, Niranjan Pujari gets Finance  Odisha Television Ltd.Soon after the swearing-in ceremony, all the administrative departments were allocated among the Council of Ministers by Chief Minister Naveen Patnaik today.

Ashima Goyal on Arun Jaitley’s legacy as Finance Minister  Economic TimesUnder Jaitley , the Finance Ministry has major structural reforms as well as other contributions. Including GST, inflation control and more, said Ashima Goyal, ...