New Delhi: The Financial Stability and Development Council (FSDC) chaired by Finance Minister Nirmala Sitharaman on Thursday cautioned that the Covid-19 poses a serious threat to the stability of the global financial system as the ultimate impact of the crisis and the timing of recovery, is uncertain at this point of time. “While decisive monetary and fiscal policy actions aimed ... Read More »
In India, the share of non-bank financial intermediaries in total financial assets rose from roughly 10.5% in 2006 to over 14.5% in 2018. Rising banking regulations over the past decade have shifted market activity to less-regulated shadow lenders not just in India but across the globe, according to a concept paper by principal economic advisor in the finance ministry Sanjeev ... Read More »
Private sector banks registered double-digit credit growth of 16.5 per cent in September 2019. (Representational image) A Reserve Bank of India (RBI) report released on Friday showed that the worst may not be over for banks on the bad loan front as gross non-performing asset (GNPA) ratio of banks may increase to 9.9 per cent by September 2020 from 9.3 ... Read More »
For an average Indian investor, if the turn of the 21st century was about moving beyond the comforts of fixed deposits to market-linked products, the first 10 years were spent discovering the imperfections of the market. Fragmented markets with regulators fighting over turf left investors confused and grappling for recourse. The start of this decade held out hope as the ... Read More »
Reforms have failed to boost public investment or provide relief to financial institutions. A comprehensive review is needed The outcome of reforms in India, in a broader sense, is remarkable. The breadth and depth of finance have vastly increased — be it in banking, financial markets, insurance, or fund management. Investment opportunities have grown with newer asset classes, an expanded ... Read More »
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 »
Windows of Skyscraper Business Office of qingdao ,china GETTY This past month I attended the AI for Finance show in New York where I was the host for a one-hour “tech talk” on the subject of AutoML in the world of financial services. With over 150 people in attendance, the audience was able to provide some pointed input on the topic of ... Read More »
Pramod wants to ensure that the financial mistakes he committed do not get passed on to the next generation. Photo: Jithendra M/Mint One of the biggest money mistakes Sai Pramod G.N. says he made in his life was investing in a single asset class—real estate—by being in a hurry to clear off his home loan. He bought a house in ... Read More »
Microfinance institutions lend at between 20% and 26% and are able to get all their money back with negligible non-performing assets. Credit: Reuters A fundamental change is taking place in Indian banking which has the potential to become as dramatic as bank nationalisation. The process is understood, but its likely impact is not. Hence the issue is missing from headlines. ... Read More »
Mahindra & Mahindra Financial Services has bought a part of Aye Finance’s, non-banking finance company (NBFC) licensed by RBI, portfolio under a securitisation deal. The financial terms of the deal were not disclosed. Through this deal, which was facilitated by IFMR Capital, Aye has further diversified its funding sources, having raised money last year through equity and more recently through ... Read More »
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