Tag Archives: finance

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 »

10 Powerful Women in Finance Share Their Ideas on Achieving on Gender Parity

Wall Street and the finance industry as a whole used to be an all-white “boys’ club.” We’ve made some progress, but there’s still a lot more work to do to achieve parity. In our series about Women Leading the Finance Industry, we talked to a number of women who are leaders in finance, asking them: “In your opinion or experience, which 3 ... Read More »

Volkswagen Finance picks up 25% stake in Kuwy Technology

Volkswagen Finance on Wednesday said it has picked up 25 percent stake in Chennai-based instant lending digital platform Kuwy Technology Service. As part of the deal, the company, which supports Volkswagen Group customers in India by facilitating financing and insurance solutions, will now have access to Kuwy’s pan-country network related to car financing. “At Volkswagen Finance, we always try to ... Read More »

15th Finance Commission terms tilt fiscal scales in favour of the Centre

The challenge has been to achieve this without unduly damaging state government incentives for raising their own revenue, and for spending with profligacy. (Reuters) The current ruling coalition has shown a propensity for bold moves in its attempt to reshape India’s polity and society to match its vision of the nation. The economy has sometimes received similar treatment, with the ... Read More »

Is The American Dream Fraying? What We Can Learn From The Finance Industry

Nearly 80% of Americans have a negative perception of big business. High-profile scandals, stagnant wages, harmful products, and poor working conditions are all to blame. That’s why the Business Roundtable made waves in August when it published a revised mission statement, signed by 181 prominent CEOs. According to the new statement of purpose endorsed by financial firms including JPMorgan Chase & Co., BlackRock, Inc., ... Read More »

Chandigarh: UT Finance Secretary’s personal assistant booked

A police officer said, “A case has been registered in PS-03, Chandigarh on the complaint of Dr. N. S Bharadwaj, Deputy Director, Ayush (Ayurveda), against Surinder Kumar.” (Representational Image) The Personal assistant of UT Finance Secretary was booked by the Chandigarh police for allegedly misplacing a file related to a vigilance inquiry. The accused has been identified as Surinder Kumar. A police ... Read More »

Finance ministry sets up task force to identify infrastructure projects worth ₹100 trillion

The government has set up a task force to identify technically and economically viable infrastructure projects that can be kick started in the current financial year and can be included in the ₹100 trillion plan for the sector in the next five years. The finance ministry on Saturday said the task force will draw up plan for the ‘national infrastructure pipeline’ from 2019-20 ... Read More »

New small finance bank licenses on the way

The central bank plans to offer new licenses to set up small finance banks and allow payments banks to also apply for licenses, people familiar with the development told Moneycontrol. If payments banks are allowed to become small finance banks, it will allow them to offer a wider bouquet of services, including microloans. It will also be an acknowledgment of ... Read More »

Muthoot Finance threatens to close strike-hit branches

Kerala-based Muthoot Finance Company, facing a protest by a section of employees demanding revised salary structure and other benefits, on Tuesday threatened to close some of its branches in the state. The management of the nationwide network of non-banking financial services company alleged that some vested interests had launched the strike and the frequent strikes affected the operations of some of ... Read More »

Nirmala Sitharaman press conference: Bank mergers aimed at economic growth, says Finance Minister

Finance Minister Nirmala Sitharaman is addressing her second press briefing on economic slowdown. Based on the Finance Minister’s statements earlier this week, speculations are that two major announcements could be made in order to give the industry a leg-up. Reports also suggest that a mega consolidation plan for public sector banks could also be announced today. The Ministry of Finance ... Read More »