Page 3 - Financial Institutions

Old problem, older solution

State-controlled DFIs will have the same problems as PSBs

Realty lending by FIs drops sharply in last one year due to pandemic

Lending rates have come down by 100 basis points for term loans and to lower extent for other loans, says Propstack data

SWIFT is a unique platform, says CEO Kiran Shetty

The platform enables financial institutions to send and receive information about financial transactions in a secure environment

Big banks let $2 trn in illicit funds move around world: FinCEN Files

Almost 90 financial institutions appear in the roughly 2,100 documents obtained, a fraction of the 2 million reports filed annually.

Banks need to overhaul anti-money laundering mechanism: Deloitte Report

The survey will be released on August 26

Making India a hub of global financial services: So close, yet so far

The dynamic nature of business in IFSCs necessitates a high degree of inter-regulatory coordination, say experts

Intellect Design Arena launches iTurmeric Fincloud through IBM Cloud

The initiative will support onboarding to the IBM financial services-ready public cloud, including guidance through a prescriptive implementation and evidence process to help deliver Intellect Design

US Fed announces more measures to ease dollar crunch, liquidity strains

The Fed also announced its latest effort to reassure dealers and other financial institutions that it will provide as much liquidity as needed to keep markets functioning smoothly.

YES Bank bailout may renew fund, liquidity pressure on NBFIs: Fitch

The move comes even as the impact of coronavirus is beginning to be felt in India, raising further risks to economic growth and NBFI asset quality

Fairfax seeks Canadian regulator's nod to infuse up to $1.5 bn in India

Makes regulatory filings as it seeks to invest in debt, equity or other securities over a 25-month period

DFIs: Look before you leap

Before setting up any new development bank, the govt must examine the contribution and performance of the existing ones

Google's Citi tie-up for current accounts: Deeper push for financial data?

Google has spent years building out its payments capabilities, offering consumers the ability to send money to friends

Future of banking

Customer-focused new technology is critical for financial institutions to remain relevant

Appointments Board interviews candidates to head 4 financial institutions

The newly set up Appointments Board for selection of chiefs at four key financial institutions held the first round of interview on Thursday, to recommend a pick among 32 shortlisted candidates. The board was set up after the refusal of the Banks Board Bureau (BBB) to recommend on heads for two of the four institutions.The candidates shortlisted after eligibility and vigilance clearance include people from public sector banks (PSBs) and even the Reserve Bank of India, officials said. Four of them will be finalised after the second round of interviews on Friday to head the Export Import Bank (EXIM Bank), India Infrastructure Finance Company (IIFCL), Small Industries Development Bank of India (Sidbi) and IFCI.The board will recommend heads for all four financial institutions from a common pool. Ultimately, the selection will be made by the Appointments Committee of the Cabinet (ACC). It was formed after the BBB said that it was not its mandate to appoint non-banking financial ...

FI a/c holders must self-certify by Apr 30 or bank accounts will be blocked

If norms under FATCA are violated, accounts will be blocked till self-certification is received

Greater role seen for non-banking lenders in first equity offerings

Likely to be classified as institutional buyers; announcement expected on April 26

First loser

Finance's new plumbing better safe than efficient