Page 5 - Financial Sector

PM Modi to meet chiefs of all financial sector regulators on Thursday

Finance Minister Nirmala Sitharaman, Commerce Minster Piyush Goyal and Roads and Highways Minister Nitin Gadkari will also be a part of the meeting

India Inc's deal activity at a 6-year low amid Covid-19 pandemic

Last year, India Inc sealed deals worth $88.88 billion in the January-July period, but this year the total transactions are $56.73 billion, fueled mainly by RIL-Jio deals

PM takes stock of financial sector, reviews progress of Rs 20 trn package

As part of this exercise, sources said, he had a meeting on the financial sector of the economy which is an important pillar in reviving growth and demand

Liquidity and asset quality risks for Indian NBFI to continue, says Fitch

Risks due to impact of coronavirus pandemic on borrowers' repayment capabilities and the effects of the moratorium on collections, says ratings agency

Markets have moved out of the panic phase: Ajay Tyagi of UTI MF

The financial sector may go through a volatile phase in the short term, but its ability to create value in the long-term is fully intact.

Over 57% consumers prefer internet banking in Covid-19 era: Report

As the pandemic environment is moving consumers to interact more digitally with their banks, platform models offer agility and scalability during uncertain times

Market Ahead, June 8: Top factors that could guide markets this week

The SGX Nifty is indicating a gap-up open today with the Nifty likely to open at around 10,260 levels on the back of firm global cues

India must shed its protectionist attitude: Ex-CEA Arvind Subramanian

If we turn protectionist, I don't know how can we be an exporting power. Self-sufficient exporting powerhouse is an oxymoron," he said.

Interest waiver will impact financial viability of banks: RBI to SC

The RBI also said that the moratorium on loans, which was recently extended to August 31, is in the nature of a deferment and cannot be construed to be a waiver

Putting Indian financial sector back on feet biggest challenge: Panagariya

Panagariya also argued that fiscal stimulus, which works by creating demand, cannot go far when there are no workers to help generate a supply respons

Nomura sees Nifty at 10,200 in Mar'21; financials to drag earnings

The lockdown's impact on corporate earnings will be worse than seen during the GFC, according to Nomura

Covid-19 impact on sectors: A two-quarter wait before growth picks up

The first of a three-part series highlights the issues faced by the auto, financial services, retail, and metals sectors

80% of financial sector IPOs since four years trade below issue price

The fall, analysts say, has been on concerns that the financial industry has will be the worst hit among sectors, given the disruptions to the country's economic activity caused by Covid-19 outbreak.

Market rout: Financial sector stocks are not attractive yet, say analysts

Marque stocks are available at significantly lower valuations, but near-term risks may not be fully priced in

Covid-19: Lenders seek deferment in loan repayment, reclassification of NPA

IBA's managing committee met on Friday and decided to put up five set of demands to the central government and RBI to help the financial sector and retail and corporate borrowers alike

FinMin may cut interest rates on small savings schemes for April-June qtr

The govt last cut the small savings rates for the July-September 2019 quarter, except for one scheme

India is beginning to look like a tired proposition: Ashmore's Jan Dehn

After the election-related fiscal blowout, India needs to scale back fiscal spending and roll out aggressive reforms

Financial groups: Focus shifts to their ability to boost parent's valuation

While lack of clarity on outlook of insurance business has weighed on valuations of parent firms, retail loan growth and fee income need to be closely watched

Financial sector needs to rebuild trust, says YES Bank CEO Ravneet Gill

Edited excerpts from a discussion at the Business Standard Banking Round Table held in Mumbai

IIFL sees opportunity in crisis, bets on beleaguered financial sector

Defaults that began in 2017 with the IL&FS Group have triggered liquidity issues across other banks and shadow lenders that now face increased regulatory scrutiny