Likely to select from 3 shortlisted; follows Sanjeev Kaushik's refusal to take the job if made to retire from IAS
Second-tier NBFC stocks are trading at 24.4x their trailing earnings, which is nearly twice their 15-year average of 13.9x
From Dabur to HUL, here are 10 stocks with significant rural exposure in the auto, agri-chemical and fast moving consumer goods sectors, which should see an uptick in sales growth.
NBFCs are mainly dependent on funding their operation from their own cash flows.
"Till September we have refinanced loans worth Rs 1,500 crore (Rs 15 billion). We will lend another Rs 3,500-4,000 crore (Rs 35-40 billion) to REC and PFC by the end of this fiscal," IIFCL Chief Executive Pradeep Kumar said.
The RBI also sought to know 'whether industrial and business houses could be allowed to promote banks.'
NBFCs are allowed to include registration, stamp duty
Competition watchdog CCI has asked about two dozen banks and housing finance companies, including HDFC, ICICI Bank, and LICHF, to explain their imposing penalty on borrowers for pre-payment of home loans. The Competition Commission of India, according to official sources, has sent notices to major home loan players after examining a report of Director General (Investigations) which found evidences against banks for misusing their dominant position.
RBI may also be open to injecting liquidity through open market purchases of bonds but is resisting relaxing capital buffers for banks.
It makes sense to shift to a home loan provider offering a lower interest rate or make occasional prepayments by using bonuses or other windfalls, says Sanjay Kumar Singh.
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Markets ended flat on Tuesday, amid a volatile trading session, as investors exercised caution ahead of the two-day FOMC meet starting today and Reserve Bank of India's monetary policy later this week.
State-run BHEL is exploring the possibility of formation of a separate finance company as a joint venture with a strategic partner to finance power projects.
It can be an useful tool in achieving the objective of Pradhan Mantri's Jan Dhan Yojana
'The government's projections for 2019-2020 will be disappointing big time.'
'The 5.7% growth in the April-June period is an aberration because of GST.' 'Business activity in the last 15 days of the quarter was minimal or zero.'
MUDRA bank will help microfinancing firms to lend more.
We asked readers to send us tips on how they could avoid being harassed by telemarketers. Here are their brilliant and novel ideas.
The BSE Midcap index has declined 5.7% thus far in May 2018. In comparison, the S&P BSE Small-cap index has lost 5.6%
Finance Minister Pranab Mukherjee said the Indian Infrastructure Financial Corporation Limited (IIFCL) will evolve a financing mechanism for giving increased support to infrastructure projects.
Anoop Pabby, managing director of Deutsche Postbank Home Finance Ltd, spoke to Atanu Kumar Das about the challenges faced by home finance companies and how profitability is linked to customer satisfaction.
Murugrappa Group on Tuesday said it has bought 37.48 per cent stake in Singapore based DBS Bank making it to hold controlling stake in their joint venture company Cholamandalam DBS Finance Ltd.
Even if the same party returns to power, what is important to debate is that having introduced an entitlement, how challenging it is to reverse such decisions, says Mukesh Butani.
Insurance firms and non-banking finance companies are heaving a sigh of relief as the revised draft of the Direct Taxes Code has suggested that book profits rather than gross assets be used to calculate the minimum alternate tax, or MAT, for both groups.
Low delinquency rates, huge demand attract investors to the unique gold financing sector.
The Reserve Bank of India (RBI) plans to amend its rules to pre-empt non banking finance companies (NBFCs) from misusing the liberal rules governing limited liability partnership (LLP) firms.
Demonetisation impacted the smartphone market at almost all levels, including customer demand and stock movement in distribution channels.
In the past few years, banks have been reducing the spread of retail loans for new customers while keeping the base rate unchanged.
The unchanged duty structure for the cement industry is a major disappointment. However impetus for rural growth and infrastructure development will ensure healthy demand to continue.
After banks, it's the turn of housing finance companies to have a more transparent regime for pricing of loans. The National Housing Bank (NHB), the regulator for these companies, is working on a system that is similar to the base rate regime introduced for banks recently.
Its registration is unusual because the firm appears twice in the RoC database, but different identification numbers.
The company said the dress code issue involving Thorp at its central London office was "not a PwC policy".
Delhi Police on Wednesday filed in a court in New Delhi its charge sheet against a driver of US-based cab service provider Uber, 19 days after he allegedly raped a 27-year-old woman executive.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
International Finance Corporation will put in $200 million and HDFC will contribute $600 million to create $800-mn corpus for affordable homes
BMW has sold its Formula One team to Qadbak Investments, a Swiss-based foundation representing unnamed Middle Eastern interests, and expects it to compete next season despite losing a guaranteed slot.
'Why are FMPs used as a vehicle for promoter funding against listed shares?' asks Debashis Basu.
Religare has engaged McKinsey to help it build an emerging market investment bank.
Acquiring Maytas Infrastructure could be his chance to show his organisation's ability to think big.
"I don't think the only solution for us is a bank, though it could be a bank. On the other hand, if the financial system continues to grow at 20-25 per cent, there's no reason why in our current construct, we can't comfortably keep growing at that same pace," says Rajiv Lall, CEO and Managing Director, IDFC.
After being edged out by sectors like marketing and consulting during the summer placements at the Indian Institute of Management-Ahmedabad (IIM-A) in 2008, finance companies overcame the slowdown blues to once again emerge as the hot favourite among the 2009-11 batch of post graduate programme (PGP) this year.
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