NBFC risk-weight move sends gold finance companies’ shares soaring

Mumbai: Gold finance companies Manappuram FinanceNSE 0.72 % and Muthoot FinanceNSE 0.39 % rallied on Thursday after the RBI in its sixth bi-monthly monetary policy said that it will assign risk weights for rated exposure of banks to all NBFCs. While Muthoot Finance ended up 6.5 per cent to Rs 515.60 and Manappuram Finance gained 7.7 per cent to Rs 104.05 on Thursday. Earlier, claims on exposure of corporates, asset financing companies and infrastructure NBFCs were risk-weighted as per their ratings. But for NBFCs, which are systemically important non-deposit taking NBFCs there was a blanket 100 per cent…

Read More

How fintech companies are bringing the magic of the digital frontier into finance

From Kashmir to Kanyakumari, and Gujarat to Assam, fintechs, the new and trendy financial companies, have become darlings of investment angels. The odds of the fabulous and trendy fintechs beating banks are narrowing by the day. The fintech threat to the banking industry is no longer a headline. It is close to an accord. China is one of the clearest examples: Tencent and Ant Financial absorbed huge chunks of the payments market which was overwhelmed with big banks and their spaghetti-like Information Technology infrastructure. But fintechs are a new league…

Read More

How Asian test-prep companies swiftly exposed the brand-new SAT

Booklets for the redesigned exam leaked online within days of the test. The ongoing failures to secure the SAT are prompting some college officials to question the validity of exam scores. On the morning of Saturday, March 5, students gathered at test centers around the United States to take the SAT, the all-important college entrance exam. The day was momentous – not simply for the test-takers but also for the College Board, the not-for-profit that owns the exam. The organization was debuting an entirely new version of the SAT whose redesign…

Read More

SilverRail powers new Govia rail companies’ booking engine

SilverRail has launched a new partnership with Govia’s rail companies supporting their On Track Retail booking engine. The rail companies have more than 27 per cent share of the UK rail market with 6,000 daily train services and 12,600 employees. SilverRail’s market-leading SilverSearch platform is now powering the new On Track Retail rail booking engine across all of the franchises, enabling customers to plan rail journeys in real-time. This partnership marks a huge step forward in innovation in UK rail retailing, with train operating companies taking control of the complete…

Read More