Property and premium finance boost Close Brothers loan book

Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of FT.com T&Cs and Copyright Policy. Email [email protected] to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be found here. UK merchant bank Close Brothers Group posted a 1.4 per cent rise its loan book over the three months to 31 October, boosted by strong growth in its property and premium finance…

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Can paperless finance technology increase household income in India?

The Reserve Bank of India (RBI) committee looking into household finance has several fascinating takeaways into what impedes Indian families from saving, insuring, and investing better. Headed by Tarun Ramadorai, professor of Financial Economics at Imperial College London, the committee report says households can significantly augment their annual income if they had access to formal financial institutions and products, and that technology has a key role to play in ensuring this access. A good money management plan can help augment a household’s income. The household finance report determines this augmentation…

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In finance, what is Leveraged buyout?

This refers to a financial transaction wherein a company is acquired by another, predominantly through the use of debt. Leveraged buyouts, by allowing companies that lack sufficient investment capital to use borrowed capital to acquire other large businesses, are said to facilitate large financial transactions. Many leveraged buyouts, however, fail eventually when the cash earnings from the acquired business fail to justify the debt payments incurred over a number of consecutive years. Since the lender is subject to substantial financial risk, it is not unusual to see the acquired business…

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African and Asian Cities must urbanise sustainably. Is Green Finance the solution?

The world’s fastest-expanding cities are now in the global South. Rural to urban migration, combined with the effects of urban population growth, could add another 2.5bn to the world’s urban population by 2050. According to the UN, close to 90 percent of this increase will be in Asia and Africa. At the same time, low-income countries are most affected by climate change and rarely have the means to finance resilience and adaption efforts. The cost of climate change adaptation in Africa has been estimated by the African Development Bank to be in the…

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Amrapali Capital and Finance Services – Outcome of board meeting

the Board of Directors of the Company, in their Board Meeting held on today, i.e. on November 13, 2017, at the Corporate office of the Company 19, 20, 21 Narayan Chambers, 3rd Floor, Behind Patang Hotel, Ashram Road, Ahmedabad – 380 009 Gujarat, which was commenced at 02:30 P.M. and concluded at 04:00 P.M., inter alia, has considered, approved and took on record the unaudited financial result for the half year ended on September 30, 2017 along with Limited Review Report. Approved the keeping of Books of Accounts and other…

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NBFC Indian School Finance plans to raise $30-35 million from PE investors

 Indian School Finance Co. Pvt. Ltd (ISFC), which lends to companies in the education sector, is looking to raise around $30-35 million (approximately Rs200-230 crore) from private equity investors, said two people aware of the development. ISFC, a non-banking financial services company (NBFC), founded in 2008, lends to schools and education institutions. It lends to private schools, affordable schools, vocational institutes and coaching classes to help them build their infrastructure such as setting up of computer and science labs, construction of additional floors or wings in existing premises or for…

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Expect Gold to trade positive: Sushil Finance

Gold prices touched an over two – week low on Monday before paring  losses as chart signals helped offset pressure from a stronger dollar and  an early advance in equities. Gold prices were also under pressure from expectations that Japan’s  ultra – loose monetary policy would stay in place after Prime Minister  Shinzo Abe’s election victory at the weekend lifted the dollar to a three – month high versus the yen. Bullion is highly sensitive to rising U.S. interest rates, which lift the opportunity cost of holding non – yielding…

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Sexism was pervasive in finance, says Virgin Money boss

Virgin Money boss Jayne-Anne Gadhia has told MPs that sexism was “pervasive” in the “very male culture” of finance. Ms Gadhia spoke of one example from her time at Royal Bank of Scotland when a senior woman was very upset because she was “expected to sleep with her boss”. She was speaking to MPs as part of their inquiry into women in finance. Ms Gadhia, who was at RBS from 2001 to 2007, added that the industry had improved at dealing with sexism in the workplace. Parliament’s Treasury Committee is…

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Finance Minister set to make ‘major’ announcement — banks recapitalisation on cards?

Finance Minister Arun Jaitley will make a major announcement on Tuesday evening, possibly in connection with the recapitalisation plans for public sector banks, sources have told CNBC-TV18. At a press conference scheduled for 4pm, the minister is likely to decide the plan for increasing capital to the weak balance sheets of banks including United Bank of India, UCO bank, Corporation bank, Allahabad Bank, Indian Overseas Bank, and Dena Bank, among other capital starved banks as the industry suffers from a decade-low credit growth at around 6 percent. According to sources, the minister may announce recap bonds (not…

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How The Points Guy became the finance industry’s best content marketing channel

Content marketing is hot in finance, but it’s a blog about airport lounge access rules and retired airliners that’s become the industry’s favorite way to go to market. It’s called The Points Guy, a blog started by a former Morgan Stanley recruiter when he started flying all over the country looking for new talent. Fast forward seven years and the blog, known as TPG among loyalists, is read by a healthy few million a month — and has become the favorite content marketing channel for big banks. The site is…

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