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financial news 25th dec 2020


Central Bank of India to exit housing finance business; to sell joint venture stake for Rs 160 crore
This is to inform that the bank has entered into a binding agreement to divest its entire equity stake of 64.40 per cent i.e. 1,61,00000 shares of

Life stage financial planning: For a fulfilling retired life in your 60s
Note to readers: No two people s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ

Edelweiss Financial Services Is offering 9.95% Interest on NCDs. Should You Invest?
Edelweiss Financial Services (EFL), a financial services conglomerate, has issued non-convertible debentures (NCDs) paying up to 9.95% pa

Five lines from movies that defined personal finance in Roller coaster 2020
Good behaviour is the biggest vaccine and the best secret ingredient in investing.

Life stage financial planning: Saving for children s goals and retirement in your 40s
Financial planning in your 40s is tricky. Your parents may have retired and may become dependent. Your children s education and other

Year-end special: Personal finance highlights, takeaways from 2020
2020 is leaving us with crucial lessons about our money, majorly due to the coronavirus crisis. We give you a rundown of expert tips on

EU trade deal brings little progress for UK s giant financial sector
The European Union cannot decide yet on granting Britain access to the bloc s financial market, even though London and Brussels have

Life stage financial planning: Time to get serious about money in your 30s
Note to readers: No two people s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ

IIT Madras launches online courses in banking and finance sector; Check details here
During the course, several areas related to the sector would be covered with the help of large problem sets in order to prepare course takers for

Life stage financial planning: Money management in your 50s, the last decade of active work life
Note to readers: No two people s financial plans can ever be the same. Our income, expenses, goals, aspirations and financial obligations differ

Central Bank of India to exit housing finance business; to sell JV stake for Rs 160 crore
The company s subsidiary, Centrum Housing Finance has entered into a share purchase agreement with Central Bank of India for acquisition of

5 financial checkpoints to clear for smarter borrowing in 2021
Borrowing can have both short and long term implications on our overall financial health and hence, it s crucial to opt for the right loan and lender,

Ladies, This is How You Get Your Personal Finance on Track
Young women are now seeing financial independence as indispensable in the planning of their future. However, the coddling of the Indian

How To Use A Land Loan To Finance A Property Purchase
If they run into financial trouble, they ll value saving the home they live in over a piece of land. A vacant plot isn t ideal collateral. If you do fail to

Sebi grants exemptions for delisting of Pagita Leasing and Finance Company
Regulator Sebi has granted certain exemptions to Pagita Leasing and Finance Company Ltd for voluntary delisting of its equity shares.

S&P Global affirms Indian Bank s BBB- rating
The improvement in the asset quality was helped by a six-month moratorium on loan repayment and financial savings of borrowers. S&P said

Top 10 finance search terms in 2020 on Yahoo Search UK

Kotak Fund, Arcil, 4 others among bidders for Reliance Home Finance
More. Sitemap Definitions. Business News › Markets › Stocks › News ›Kotak Fund, Arcil, 4 others among bidders for Reliance Home Finance

Why India s newest housing finance company is in no hurry to make a mark
Godrej Housing Finance plans to first focus on acquiring 1,000 customers by March to test the sustainability of its systems & processes.

21 personal finance insights in summary: Best of ET Wealth 2010-2020
The result is this collector s issue that compresses the financial wisdom of the past 10 years into 24 information-packed pages. It s a distillation of

The pandemic plus lockdown added up to deep recessions
Year in review: finance and economics. The pandemic plus lockdown added up to deep recessions. Loose policy staved off financial panic, but

Buy Muthoot Finance, target price Rs 1460: Motilal Oswal
Muthoot Finance Ltd., incorporated in the year 1997, is a Large Cap company (having a market cap of Rs 47733.48 Crore) operating in NBFC

Six bidders submitted bids for Reliance Home Finance
Reliance Home Finance Limited (RHFL). · binding bids and other four bids are non-binding and not compliant with bid conditions. · Asset Care

Digital lending fraud: RBI cautions small businesses, individuals against unauthorised loan apps
Credit and Finance for MSMEs: The digital lending value increased from $33 billion in FY15 to $150 billion in FY20 and is expected to hit the

Bunge Finance Europe B.V. — Moody s announces completion of a periodic review of ratings of Bunge Limited
the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.

The extraordinary history of the Santa Claus Rally: Morning Brief
time higher we ve seen previously during the Santa Claus Rally, LPL Financial s analysts observed after analyzing data going back to 1950.

Are We On the Verge of Another Financial Crisis?
John Macomber, a senior lecturer in the finance unit at Harvard of a collapse in housing prices and an ensuing financial crisis — this time
Shriram Transport Finance Company Ltd stays slippery
The stock tumbled 17.27% in last one year as compared to a 8.67% rally in NIFTY and a 2.3% fall in the Nifty Financial Services index. Shriram

Bitcoin and Ethereum Have Gone Completely Separate Directions, Feat. Bully Esq.
fact it does have a part to play in the technology side of the financial services industry. 7 Growth Stocks You Don t Want to Sleep On However,

Double Whammy: After Vodafone, India loses Cairn case too
Also, finance minister Nirmala Sitharaman is on record saying, “we won t use retrospective taxation for income generation . Quoting “people

AU Small Finance Bank launches Mobile Banking App and NetBanking Portal
AU Small Finance Bank launches Mobile Banking App and NetBanking Portal. The new launches are designed to encourage adoption beyond

ARCIL, Authum and 3 others bid for Reliance Home Finance
Lenders to Reliance Home Finance Ltd, part of the debt-ridden Anil Dhirubhai Ambani Group (ADAG), have received bids from five entities, two
AU Small Finance Bank launches new mobile banking app and netbanking portal
AU Small Finance Bank announced the launch of its new Mobile Banking App and NetBanking Portal. Aimed at providing a superior and

Global Trade Finance Industry
Global Trade Finance Market to Reach US$75. 3 Billion by the Year 2027. Amid the COVID-19 crisis, the global market for Trade Finance

Christmas 2020: Become your loved one s Santa by giving these financial gifts
FDs are offered by commercial banks, small finance banks and non-banking financial companies (NBFCs). Mutual Funds (MFs). Mutual fund via

How is Mexico Navigating the COVID Financial Crisis?
Díaz de León spoke with Metrick, the Janet L. Yellen Professor of Finance and Management and the director of the Yale Program on Financial

Warburg sells over 4% stake in AU Small Finance Bank
Warburg sells over 4% stake in AU Small Finance Bank · Westbridge AIF I bought 5.95 million shares of the bank for 542 crore · In July, Warburg

How to play this classic bull cycle? Try these 3 finance stocks
but we would definitely prefer an ICICI Bank or HDFC or LIC Housing Finance where we have a combination of valuation comfort and growth

Centre to set up development finance entity in 3-4 months
“We need a development financial institution as infra financing needs patient capital, and banks are currently not suited for lending for long-term

Buy Equitas Small Finance Bank, target price Rs 51: JM Financial
Agencies The bank reported net profit after tax of Rs 102.99 Crore in latest quarter. JM Financial has buy call on Equitas Small Finance Bank with

4 key personal finance takeaways from today s RBI announcements
The RBI decision to maintain status quo and keep the repo rate and reverse repo rate unchanged could have some significant personal finance

How will good wealth manager of future look like?
Thanks to dedicated financial education programs, sophisticated forecasting tools and sharper insights into financial trends, opportunities and

UPDATE 1-EU trade deal brings little progress for UK s giant financial sector
The City of London finance hub secured no special treatment, leaving The trade deal refers to financial services in the same way as the bloc s

Contactless Banking: A new normal for Small Finance Banks
With these changing times, it is imperative for banks and financial institutions to change the rules of customer service and engagement

Why Apple entering the EV market is a good thing

SBI extends global trade finance solutions to Israeli corporates
State Bank of India is offering trade finance solutions and services to Israeli corporates to help them tap business potential arising out of recent

Agreements of finance for Jewar Airport to be closed by April next year
The concessionaire of the upcoming airport at Jewar, Yamuna International Airport Pvt. Ltd (YIAPL), plans to complete all the financing

IPOs to watch in 2021: The 5 most anticipated debuts

Manappuram Finance raises Rs 400 crore via by issuing bonds
The Financial Resources and Management Committee of the board of directors of the company has approved the allotment of 4,000 rated,
Board of Power Finance Corporation to consider revision in market borrowing programme
Board of Power Finance Corporation to consider revision in market borrowing programme. Capital Market | | Last Updated at December 24 2020

Alibaba U.S.-Listed Shares Tumble Most Ever on China Monopoly Probe
was also summoned to a high-level meeting over financial regulations. Ximiao, a researcher at Zhongguancun Internet Finance Institute.

RBI: Bank credit to MSEs up 6.8% in October even as deployment to manufacturing units climb out of red
Credit and Finance for MSMEs: While the overall year-on-year credit to contract by minus 2.1 per cent in the financial year 2020-21 so far, up

Arya raises $21M to provide farmers in India finance and post-harvest services
Everyone else is missing out. A Noida-based startup is working with all the stakeholders — farmers, food processors, traders and financial

Grade A office space fueling growth in real estate
Finance Minister Nirmala Sitharaman said that from April to November 2019 India received FDI of $24.4 billion, which was $21.2 billion in the

Finance Minister Nirmala Sitharaman asks PSUs to clear payment dues to vendors

Interview: Prashanth Ranganathan, CEO, payU Finance India: BNPL & credit lines for large spends to drive growth
Interview: Prashanth Ranganathan, CEO, payU Finance India: BNPL & credit lines for large spends to drive growth . By: Shritama Bose |.
FATF Removes The Bahamas From List Of Jurisdictions
This brief guide has been prepared by the finance team at Carey Olsen for the purpose of giving clients and professional intermediaries a

Financial Planning Resolutions That Only Take Minutes
Not all financial New Year s resolutions are long, involved slogs. Some can be completed in just a few minutes. by: Jamie Letcher, CRPC.

Moratorium, loan recoveries help Indian banks improve GNPA ratio, but will it sustain?

Oaktree sweetens DHFL offer by Rs 1,700 crore
Oaktree Capital has increased its offer for Dewan Housing Finance Rs 1,700 crore as additional interest income to financial creditors.

6 financial tips to make the most of your budget
Budgeting is one of the first steps towards achieving all your financial goals. The truth is while many of us acknowledge the importance of

Financing commercial coal mining: Banks to look into multiple factors
Financing the auctioned coal blocks could be critical because bank finances would be available only after the blocks start operations, SBI Caps

5 Stocks That ll Secure Your Financial Freedom
Financial independence is the gift that keeps on giving — and these great companies can get you there. Sean Williams. (TMFUltraLong). Dec 25

Lack of Hollywood studio finance could impact Bollywood projects
Lack of Hollywood studio finance could impact Bollywood projects. 3 min read . Updated: 24 Dec 2020, 12:40 PM IST Lata Jha. While India makes around
Finance Minister Concludes Pre-Budget Meetings For Forthcoming Union Budget
Union Minister for Finance & Corporate Affairs Nirmala Sitharaman chaired the pre-budget consultation meetings for budget 2021-22 held in

Stocks in focus: Antony Waste, ONGC, DHFL, RIL, Reliance Home Finance, IDBI Bank, Canara Bank
Stocks in focus: Antony Waste, ONGC, DHFL, RIL, Reliance Home Finance, IDBI Bank, Canara Bank. By: FE Online |. December 21, 2020 8:10

Liberis, the embedded finance provider for SMEs, raises additional £70M in debt

To understand Vajpayee s economic worldview, look at his first choice for finance minister
Yashwant Sinha, who actually became Vajpayee s first finance minister, was initially seen as a candidate backed by the swadeshi lobby but

PMC Bank gets 4 EoIs; RBI extends limits till March
details of the proposal, the eligible investors could be financial institutions, including banks and non-banking financial companies (NBFCs).

9 Basic Financial And Analytics Metrics Every Startup Founder Should Know
Secondly, an entrepreneur running a profitable business understands the key financial and analytics metrics and how they can influence profits

Government plans to set up a development finance institution in 3-4 months: DFS Secy
We need a development financial institution as infra financing needs patient capital, and banks are currently not suited for lending for long term

Extend Income Tax Return filing last date for audit cases and AGM time frame: Professionals urge Sitharaman
They have urged the Finance Minister that the due date of filing of income tax returns of Assessment Year 2020-21 in audit cases should be

DHFL lenders to meet today to discuss bids
While Oaktree Capital had offered Rs 36,646 crore, Piramal Capital and Housing Finance offered Rs 35,550 crore for the troubled lender. Adani

After 2 suicides, another case of harassment by app-based finance company in Telangana surfaces
Key Highlights. A man, harassed by online finance company approached the cops in Telangana and lodged a complaint; The man alleged that

Renu Maheshwari on what makes women ace financial advisors
In this special five-part series, personal finance profiles money in their financial planners and not merely investment advisors.

Global banks boost Singapore hiring to mitigate Hong Kong risk
Global financial groups are ramping up hiring in Singapore and nor Hong Kong break down the number of jobs in the finance sector. None of

PE-backed ARC among bidders for Anil Ambani s home
Four asset reconstruction companies (ARCs) and a non-banking finance company have submitted bids for Reliance Group s (formerly.

BRIEF-Au Small Finance Bank Re-Appointed Raj Verma As
Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms

Axos Financial (AX) Is Up 2.38% in One Week: What You Should Know
Below, we take a look at Axos Financial (AX), a company that currently holds a Momentum Style Score of B. We also talk about price change

De-jargoned: Buyback vs open offer
This financial year, buybacks were mostly done to reward shareholders. Buybacks are voluntary unlike open offers which are automatically

Nisreen Mamaji on drilling the idea of financial independence into women s heads
MoneyWorks Financial Services, where she is the chief planner, is a financial distribution firm that earns commission income on the products sold.

Deep Value in Fairfax Financial Holdings
Fairfax Financial Holdings (TSX:FFH) (FRFHF) is a financial services holding company based in Toronto, Canada. It owns Northbridge Insurance

ICICI Bank launches online platform for foreign firms expanding business

Should traditional investors look to buy Muthoot Finance s NCDs?
Financial planners point out that interest rates offered by Muthoot Finance are higher than those offered by banks and corporate deposits. A fixed

IDBI Bank raises Rs 1,435 crore from 44 investors

Finance Ministry To Take Call On Rs 14,500-Crore Capital Infusion Into Banks In Q4
Following the financial performance review after the first half, sources said, it was found that Punjab & Sind Bank, out of the 12 PSBs, was in need

3 Large Cap Finance Stock Ideas From Motilal Oswal For 2021
As the year comes to an end, respected Indian brokerage Motilal Oswal Financial Services Limited in its latest report said that it expects

Sensex, Nifty end flat as investors book profit; Bajaj Finance becomes Rs 3 trillion stock
Canara Bank, Edelweiss Financial Services, Prestige Estate Projects, Indian Bank, CSB Bank and Tinken India were major losers from broader

Union Budget 2021: Finance Minister Nirmala Sitharaman promises never before like Budget
Union Budget 2021 India: Further, Finance Minister Nirmala Sitharaman said that while providing more funding for infrastructure, it would be

CD PROJEKT SA CLASS ACTION ALERT: Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating a potential securities class action lawsuit against CD Projekt SA
Lufax offers financing solutions for personal and business loans to this population, which is not always well-served by China s established

Airtel may convert its payments bank to small finance bank
He added, At some point in time, it will look to get its payment bank license upgraded to (that for) small finance bank, which could enable lending

Transstroy India denies fraud allegations: Do banks have proper checks in place?

Reasons To Invest In Bajaj Finance FD Over A Bank FD
The foremost step is to zero-in on a financial institution that provides a comparatively better rate of interest on fixed deposit schemes. Arguably the

RBI fixes Sovereign Gold Bond Scheme 2020-21 – Series IX price at Rs 5,000 per gram of gold
The gold bonds will be sold through banks (except Small Finance a part of domestic savings — used for purchase of gold — into financial

Maruti Suzuki launches online car financing platform Smart Finance
The country s largest carmaker Maruti Suzuki India on Wednesday launched its multi-financier, online car financing platform Smart Finance .

Edelweiss Financial to raise up to 200 cr through secured redeemable NCDs
Edelweiss Financial to raise up to 200 cr through secured redeemable NCDs. 1 min read . Updated: 21 Dec 2020, 06:29 PM IST PTI. The base size of the

Financing to support Spineway development strategy Paris
Press release Ecully, 22 December 2020, 10 p.m.. Financing plan. New tranche of Negma convertible bonds. In keeping with its development

Bajaj Finance crosses 3 trillion in market cap as shares surge
Investors continued to buy into Bajaj Finance amid normalisation of business activity after the easing of lockdown curbs in India. It sailed through