Financial Sector

It's financial sector greed again

US and European regulators ignored basic risk management. But why do regulators allow financial sector firms to gamble with depositors' money?

Here's how China, India plan to overhaul their financial sector regulations

The plans by both nations have become more significant in the wake of the convulsions expected in the global financial market with the sudden collapse of the Silicon Valley Bank

Steep correction

Market valuations are becoming reasonable

Silicon Valley Bank crisis unlikely to affect Indian banks, say analysts

Have exposure to bigger banks only, not small ones: SBI chairman Khara

India's FY24 gross borrowing could be less than expected: Economists

There are chances of the central bank paying the government a higher dividend, which could allow for a surprise at the budget presentation on Feb 1

Global shares trade mostly lower after the year's biggest Wall St retreat

Global shares were mostly lower Thursday as investors grew cautious after Wall Street's biggest pullback of the year

CAIT urges union FM on financial support for small traders in Budget

Traders' body, the Confederation of All India Traders (CAIT) has urged the Union Finance Minister for financial support policies for small traders in the upcoming Budget

Financial sector exposed to risks of low-carbon transition, shows study

Coal currently accounts for 44 per cent of India's primary energy and 70 per cent of its power generation

Best of BS Opinion: Conservative budgeting, financialising economy & more

Here is the best of Business Standard's opinion pieces for today

Financialising the economy

The sector is expected to outperform

2022: A banking year marked by three Cs

The relentless fight against Cryptocurrencies, CBDC taking baby steps, and bank Credit growth at a decadal high

Fitch affirms India's sovereign rating at BBB- with stable outlook

Fitch said India's robust medium-term growth outlook is a key supporting factor for the rating

KFin Technologies IPO subscribed 0.70 times on Day 2, issue closes Wed

Financial services firm provides services and solutions to asset managers and corporate issuers

US imposes new penalties on entities involved in Russia's financial sector

The United States on Thursday imposed a new round of financial penalties on people and entities involved in Russia's financial sector, with the targets including one of that country's richest men, Vladimir Potanin, his family and a commercial bank he acquired this year. The Treasury Department's Office of Foreign Assets Control also imposed sanctions on more than 40 people linked to the Russian financial sector and 17 subsidiaries of VTB Bank Public Joint Stock Company also known as VTB Bank Russia's second largest bank. VTB Bank was designated for sanctions in February. The State Department issued separate diplomatic designations on the people and companies. Western nations and other allies have imposed a range of penalties meant to crush Russia's finances due to Russian President Vladimir Putin's invasion of Ukraine. Russia's Central Bank faces restrictions that target access to the more than $600 billion in reserves that the Kremlin has at its disposal. Allied countries have .

There's broad support for India's agenda at G20 meeting, says DEA secy

The FCBD meeting is setting the agenda for the meeting of G20 finance ministers and central bank governors, scheduled to be held in Bengaluru in February

One in two urban Indians investing more post Covid: DSP MF-YouGov Survey

45% respondents raised their investments as pandemic forced a rethink on financial health, 23% slashed it due to pay cuts, fall in risk-taking capacity, uncertainty in business and job loss

Merger with home loan major HDFC to take 8-10 months more: HDFC Bank

HDFC Bank expects to amalgamate its home loan major parent HDFC into itself by September next year, a top official said on Friday. Both HDFC and HDFC Bank held general meetings on Friday to seek shareholder approvals for what is billed as the largest merger in Indian corporate history at over USD 40 billion. At the time of announcing the merger on April 4 this year, the entities had said the merger will take 12-18 months. "We believe going by the past practice and going by past trends, it will take about 8-10 months time before an effective date is announced," HDFC Bank's chief executive and managing director Sashidharan Jagdishan said at the meeting. The merger will help expand the capital adequacy ratio of the merged entity by 0.20-0.30 per cent, courtesy the healthy capital adequacy of HDFC Ltd, he added. Given the fact that bank deposits have to comply with mandatory cash reserve ratio and statutory liquidity ratio requirements, many shareholders at both meetings showed keenne

Parekh wants financial sector to do a credit bureau encore on climate risks

Noted banker Deepak Parekh has underlined the need for the financial sector to come together to take the lead to create a data bank on green loans in the way they created credit bureaus more than two decades back. Admitting that there is a severe lack of quality data on the emission risks/climate risks, Parekh, who is also the chairman of the nation's largest pure-play mortgage lender HDFC, said, Hiding lack of data is not an excuse because the key point is that we have got to start somewhere and we are at an inflexion point on climate risk." "There is no reason why our financial system cannot collaborate together on climate risk and measuring financed emissions. "We've set up many repositories in the past, and we have the technology to support easily available and I am sure some of our larger financial institutions can take the lead to work together to have a single platform wherein they can use common data to determine climate risks and begin to measure their financed emissions, .

Has India's insolvency process attained adulthood?

Till Sept this year, financial creditors have recovered about 33% of their claims in 553 corporate insolvency processes that ended up getting resolved. Has India's insolvency process turned a corner?

New guidelines for financial influencers under works, says Sebi

Merely giving disclaimers may not guard finfluencers from regulatory action