Finance Firms

Rating agency cites sector's improved solvency profile, loan book growth and earnings

Investors to whom Agarwal pitched the plan raised concerns about the group's limited experience in the sector, say people aware of the development

While the bank continues to get buffeted by negative newsflow on uncertainty over its strategy, clarity on its restructuring plans can help to restore stability, wrote expert in a note

Our crucial thesis is that the business model is woven around a societal problem, said CEO Agarwal

Its stock closed 1.9 per cent down at Rs 524.15 per share on BSE

At present SEBI rules require standalone financial information for at least last three years and auditor qualifications from the entity seeking to issue NCDs

Sources said the regulators would identify the companies that would come under the new mechanism and require a lifeline

Major central banks may not be the only ones in the cold currency war, according to Fels, who noted expectations for lower rates in South Korea, Indonesia, Chile and South Africa this week

Britain, EU in a position to preserve free trade for financial services, says UK FCA chief executive