Finance

Reliance on short-term funding poses risk to vehicle finance companies: Moody’s

Many Indian lenders have diversified into other businesses, such as home equity financing and business lending, which carry lower rates than any type of vehicle finance and suppress their overall asset yields. Heavy reliance on short-term wholesale funding and thin liquidity pose common risks for Indian vehicle finance companies. Vehicle finance companies in India are among the fastest growing in ... Read More »

5 financing platforms helping small businesses stock up easily this festive season

Small- and medium-sized businesses (SMBs) too want to cash in on the festival month, where India spends on clothes, food, and various consumer products. But for these SMBs, stocking up to meet the increased demand requires working capital. However, given the effects of economic slowdown reaching even small businesses, finding the funds to stock up is a challenge. This is ... Read More »

Finance Minister Nirmala Sitharaman to meet public sector bank heads today

NEW DELHI : Continuing efforts to increase credit disbursement, Finance Minister Nirmala Sitharaman will meet the heads of public sector banks (PSBs) today to take stock of recent steps taken by the government, including the first phase of the ‘outreach programme’ across over 200 districts during the festive season, a senior government official told Mint. It is learnt that the minister is expected ... Read More »

GST might have its flaws but it’s kanoon: Finance Minister Nirmala Sitharaman

File photo of Finance Minister Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday said that the Goods and Services Tax, even if faulty, cannot be damned as it has been passed by Parliament and in all state assemblies. “It might have flaws, it might probably give you difficulties but I am sorry, it’s the ‘kanoon’ of the country now,” the ... Read More »

Finance ministry suggests closure of BSNL, MTNL: Report

The finance ministry has recommended the closure of struggling telecom companies BSNL and MTNL, Financial Express has reported. The cost of closing the two state-run companies would not be as high as Rs 95,000 crore, a number put out by the Department of Telecommunications while asking for a bailout package, the report said. The sum of Rs 95,000 crore factored  in a ... Read More »

Investors love sprinting Bajaj Finance as SBI becomes a tired elephant

Mumbai: Why do investors prize Bajaj Finance more than the country’s largest lender State Bank of India (SBI) when the former is just a fraction of the size of the latter? This week, the nimble consumer lender’s market capitalisation surpassed that of the banking giant. Note that SBI has a balance sheet size of ₹22.4 trillion, about 14 times the size of Bajaj Finance’s book. But ... Read More »

Manappuram Home Finance NCD: Should you invest?

Manappuram Home Finance has hit the market today with secured Non-Convertible Debentures (NCDs) offering up to 10.65% in interest (called coupon). The issue has a base size of ₹100 crore and the company can retain up to another ₹100 crore in case of oversubscription. The issue opens today (30 September 30) and closes on 29 October 29. The minimum investment is ₹10,000. The ... Read More »

The Shift Toward Decentralized Finance: Why Are Financial Firms Turning To Crypto?

A wave of crypto startups has washed upon the shores of the financial industry in the last couple of years. The industry leaders, aka banks and exchanges, have seemed invincible up until now. Nowadays, there are dozens of crypto startups racing to take over the stage. With the existing global financial system contributing to numerous inequalities, these startups have recognized ... Read More »

Love Samsung smartphones? Want to buy? Company to offer finance to buyers

Samsung Electronics is to provide finance to potential smartphone buyers, a company executive said on Thursday, in a bid to boost smartphone sales in India where it faces fierce competition from rivals such as China`s Xiaomi. The financing product, for which Samsung has tied up with a local shadow banking firm, will help the South Korean tech group offer quick ... Read More »

Bank strike deferred as Union representatives meet Finance Secretary, discuss their grievances

The two-day strike across the country on September 26 and 27 to protest against the government’s decision of public sector banks’ merger has been called off, after a delegation of four officers’ organisations met the finance secretary on Monday, said a joint statement of the bank officers’ union, including All India Bank Officers’ Confederation (AIBOC), All India Bank Officers’ Association ... Read More »