With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group, including 30 central banks, called for measures to spur green finance and better assessment of the risks from higher global temperatures. The move, led by the Bank of France, Bank of England and People’s Bank of China, draws the group deeper into a controversial …
(WASHINGTON) — Global finance officials are pledging closer cooperation in efforts to lift the world economy out its current slowdown, but tensions persist on a number of fronts between the United States and other nations over trade and other issues. Officials wrapped up the spring meetings of the 189-nation International Monetary Fund and the World Bank on Saturday, expressing hope …
View of the brokerage- MHCV slowdown resulting in slower disbursements: The domestic MHCVs are showing tepid demand due to high base effect, rural distress, changes in axle norms, leading to surplus capacity and slowdown in real estate. Although the implementation of BSVI emission norms may drive some pre-buying for CVs, the used CV segment is at a downturn as driver-owner is …
The Reserve Bank of India, on Thursday, announced that it will soon set up a committee to assess the state of housing finance securitisation market in the country. The move is aimed at bringing in standardisation of asset securitisation practices to enable better management of credit and liquidity risks. The committee, which will be announced soon, will also study the …
As Attorney General K. K. Venugopal resumed his submissions on the constitutionality of the passage as a Money Bill of the Finance Act of 2017 on Monday, Chief Justice Ranjan Gogoi asked for a copy of the Supreme Court’s order in Rajiv Garg, where the court had considered whether different conditions of service could be prescribed for different tribunals. In …
Raman Singh and Amrita Kaur are both employed and bring in a combined monthly salary of Rs 1.5 lakh. They live in their own house worth Rs 1 crore, in Delhi, with their two children, aged eight and four. They have no liabilities, and their portfolio comprises equity in the form of mutual fundsworth Rs 82.2 lakh, debt worth Rs 90 …
Do you have a black belt in salary negotiation? Are you in possession of more airline miles than everyone you know combined? Would your opinions on student loan payoff plans be considered “fascinating dinner party conversation”? Could you retire next year but would prefer instead to work in a very cool job explaining the finer points of personal finance to …
SEWA Grih Rin Ltd, an affordable housing finance company of the Self-Employed Women’s Association (SEWA) Group, said it has raised Series B funding. The lender, operating under Sitara brand, has closed Rs 67 crore ($9.8 million at current exchange rate) funding round from Oikocredit, Omidyar Network India, HDFC Life Insurance, HDFC Holdings Ltd and Women’s World Banking. The company will …
According to the Global Environment Outlook (GEO-6), launched at the fourth session of the UN Environment Assembly (UNEA-4), climate adaptation programmes have not effectively dealt with multiple slow and rapid onset hazards, such as floods, droughts, tropical cyclones and sea level rise. Instead of addressing the underlying causes of vulnerability, they are often undertaken through sectoral programmes in, for example, …
Mumbai: Rating agency ICRANSE 3.23 % expects small finance banks (SFBs) to grow at a compounded annual growth rate of 25% to 30% led by diversified loan growth, deposit mobilisation, improving asset quality and better return on equity. The rating agency estimates that SFBs would require external capital of Rs. 4,000-6,000 crore till FY2023 for meeting the growth requirements, part of which will come …