Page 2 - Financial Institutions

Teaching is still my first love: Alakh Pandey, CEO & founder PhysicsWallah

He is gearing up to launch educational content in nine languages, including, Bengali, Marathi, Tamil, Telugu, Gujarati and Malayalam

Financial institutions should be board-driven, says RBI Dy Guv

Financial institutions should be board-driven and not end up being dominated by individuals as it could lead to undesirable consequences, Reserve Bank Deputy Governor M K Jain has said

Women-run tiny businesses offer $11.4bn scope for fin institutions: IFC

These enterprises face numerous challenges, including inadequate access to capital, technology and information, and infrastructure gaps, says IMF study

Major institutions provided $1.5 trillion to coal industry from 2019-2021

Banks continue to fund 1,032 firms involved in the mining, trading, transportation and utilisation of coal, the research showed

Hard lessons for banks and FIs from a decade of bad infrastructure loans

Loans to the sector became huge NPAs largely due to the practice by lenders of offering unconditional mobilisation advance and time gap between preparation of a DPR and awarding the bid

Economy regaining strength from Q2FY22, but Omicron a threat to growth: RBI

Financial institutions resilient and stable with strong balance-sheets, capital and liquidity buffers, says RBI in financial stability report

Unique charter: Will NaBFID remain a 100% government-owned entity?

Its responsibilities and privileges will make it difficult for the government to reduce its 100% shareholding

FM Sitharaman to meet heads of banks, other institutions next week

The two-day conference, beginning November 17, would see participation from all public sector banks and financial instit­utions (FIs)

Evergrande domestic debt deal calms immediate contagion concern

Many financial institutions have exposure to Evergrande through direct loans and indirect holdings, while any defaults will also trigger sell-offs in the high-yield credit market

Joe Biden to tackle cybersecurity with technology, finance leaders

President Joe Biden is meeting Wednesday with top executives from some of the country's leading technology companies and financial institutions

SmartCoin secures debt funding to bring fin services to small entrepreneurs

The company has seen strong demand for micro-credit from tier-2 and 3 cities through the second wave as people grappled with a lack of capital for medical situations and businesses

Financial institutions, airlines briefly hit by internet outages

The Hong Kong Stock Exchange said in a post on Twitter Thursday afternoon Hong Kong time that its site was facing technical issues and that it was investigating

Relief to only postpone financial stress from India's Covid surge: Fitch

There are growing indications that India's latest wave of Covid-19 infections will add to risks among financial institutions by sapping near-term momentum from the economic recovery

Plea filed with SC seeking moratorium of 6 months on repayment of bank dues

It is not clear yet if the plea has been admitted by the Court, and if so, what further action the RBI could take

RBI relief will only delay stress for financial institutions, says Fitch

Measures would help for 12-24 months but at the expense of delaying the resolution of asset-quality problems, says agency.

UK-based Revolut to launch in India, hires ex-Airtel Money exec as CEO

Revolut is making a multi-million pound investment in India over the next five years and has committed itself to the creation of 300 new jobs in the country

Financiers buy into India's used car business amid uptick in demand

An expansion of demand driven by economic uncertainty has accelerated the plans of organised players to tie up with banks and NBFCs

NBFC sector under pressure as Covid-19 cases rise, lockdowns resume: Fitch

Challenges likely to increase if recent restrictions to contain the pandemic are expanded or prolonged, says agency.

Sustainable bond issuance volumes of FIs, DBs to approach $300 bn in 2021

According to Moody's Investor Service, this expectation is based on the average annual rate of growth in green bond issuance since 2015

Maintain separate category for Covid-19 moratorium seekers: RBI to banks

Step will help banks, financial institutions separate regular debt restructuring and those availed due to the pandemic