Page 10 - Finance Sector

DFI alone not panacea for infra finance issues: Sebi member Barua

He also rued that banks are accessing capital markets only for their core or Tier-II capital requirements, and need to access the markets more for raising resources for project finance.

Sundaram Home Finance seeks to raise Rs 2,500 cr to fund growth plans

Sundaram Home Finance is a leading player in the housing finance sector and has 107 branches across the country.

IIFCL aims for loan sanctions worth over Rs 23,000 crore in FY22

IIFCL is aiming at loan sanctions worth over Rs 23,000 crore and disbursements of Rs 14,000 crore in 2021-22 depending on the project pipeline available in the market.

Think digital, think detail to drive growth

The big question is - how will NBFCs re-align to changing customer expectations, technology developments and growing competition?

Integration of industrial land bank system by Dec: Commerce ministry

The India industrial land bank system has been integrated with industry-based GIS systems of 17 states so far and will achieve pan-India integration by December 2021, the commerce and industry ministry said on Friday. The system is a GIS-based portal - a one-stop repository of all industrial infrastructure-related information connectivity, infra, natural resources and terrain, plot-level information on vacant plots, line of activity, and contact details. Currently, the land bank system has about 4,000 industrial parks mapped across an area of 5.5 lakh hectare of land, serving as a decision support system for investors scouting for land remotely. "The system has been integrated with industry-based GIS systems of 17 states to have details on the portal updated on a real-time basis and will achieve pan-India integration by December 2021," it said. Its website, it said, has seen a 30 per cent increase in page views each month since April and received 55,000 page views in June. "Regar

Reserves remove doubt on ability to act: RBI Governor Shaktikanta Das

Economic activities are expected to improve further going into July or into the second half, says Governor Das

Broad categories register 'medium' risks for financial system: RBI survey

Within the major categ­ories, however, this time certain components were rated as 'high' risk

Vijay Deshwal joins Poonawalla Group acquired Magma Fincorp as Group CEO

Vijay Deshwal has today joined Poonawalla group acquired Magma Fincorp Ltd, as its Group CEO.In his new role, he would be responsible for the Lending and Housing Finance business along with its Insurance business. He will be based out of the Pune corporate office.Vijay Deshwal, a post-graduate from Indian Institute of Management Ahmedabad (IIMA) is a seasoned banker with a track record of two decades. His experience spans across segments of banking, corporate finance, international business, and operations. He has an enviable track record of growing businesses with an overall approach of customer centricity and profitability.In his last role, Vijay was associated with ICICI Bank as a Business Head responsible for the fast-growing services sector business including new age businesses focused on technology and digital intervention.Having handled pan-India financial institutions including NBFCs for over six years, Vijay has a vast understanding of various asset classes and the ...

Our digital model is not proprietary: Avanti Finance CEO Rahul Gupta

The digital spine we have created has not been created for ourselves - it is also for various specialists to come together for financial inclusion, says CEO Gupta

Regulators to look into PNB Housing Fin's plan to raise Rs 4,000 cr

The company's board has cleared a proposal to raise up to Rs 4,000 crore by issuing preference shares and convertible warrants to Carlyle Group firms and other entities.

Muthoot Finance fourth quarter net profit up 22% at Rs 1,024 crore

The company had posted a net profit of Rs 835.75 crore during the corresponding January-March period of 2019-20.

NBFCs had objected to RBI rules on auditor change, called for expert panel

The RBI had said in its guidelines that all banks and NBFCs, except non-deposit taking ones below Rs 1,000 crore, should change their auditors

Microfinance institutions want additional relief measures from RBI

In a letter to RBI Governor Shaktikanta Das, MFI association SaDhan has sought a special liquidity facility of at least Rs 15,000 crore to be provided by all-India financial institutions

SBI Cards and Payment Services raises Rs 455 crore by issuing bonds

SBI Cards and Payment Services (SBI Card) on Monday said it has raised Rs 455 crore by issuing bonds

India needs more women finance professionals

In the new economy, home is also a workspace. Because a household is a microcosm of an economy, women have had the training ground to build intuitive understanding of saving, investing and liquidity

SBI Card fourth quarter net doubles to Rs 175 cr; FY'21 profit drops 21 pc

SBI Cards and Payment Services on Monday reported a 110 per cent rise in quarterly net profit

Mass DeFi: Changing the Face of Decentralized Finance

The methods of how humans transact have evolved so much over the years that from the barter system to today's decentralised finance or DeFi innovations, we have become capable of entering and accessin

Muthoot Microfin added 37% more employees in pandemic period

As many as 2,300 new people joined the organisation.

Credit Suisse had more than $20 billion exposure to Archegos investments

Credit Suisse Group had more than $20 billion of exposure to investments related to Archegos Capital Management and struggled to monitor them before the fund had to liquidate many large positions

ICICI Securities fourth quarter after-tax profit up two-fold at Rs 329 cr

This comes on the back of growth in revenue and improvement in margins.