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4 steps to protect your goals from market volatility

Market volatility can hit you anytime, every time Here are a few ways to help reduce its impact and protect your goals: 1. Learn to prioritize Whenever the m...

Over 10 lakh cr loans sanctioned under MUDRA Yojana

"Under the Pradhan Mantri Mudra Yojana (PMMY), 20.84 crore loan accounts totalling an amount of Rs 10.24 lac crore have been sanctioned up to November 1, 2019," Minister of State (IC) for Labour and Employment Santosh Kumar Gangwar said in a written reply to the Lok Sabha.

Financing arrangement likely by month-end: RIL in talks for Rs 5,000-crore loan to take over Alok Industries

RIL is in talks with State Bank of India, HDFC Bank and ICICI Bank for financing. RIL won the right to buy Alok Industries in the Insolvency and Bankruptcy Code process in March this year. The Ahmedabad bench of the NCLT had approved the sole RIL bid, made together with JM Financial Asset Reconstruction Co, which had promised to pay Rs 5,050 crore to take over Alok.

IBC to be amended to protect new owners of bankrupt companies

The Cabinet is likely to approve relevant changes to the three-year-old Insolvency and Bankruptcy Code at the earliest. This will bring much-needed confidence to buyers of distressed assets, acquirers who were otherwise wary about the over-reach of the investigative authorities. Amendments to the IBC, which came into effect in December 2016, will require eventual parliamentary approval.

From farm to home, M&M Financial is doubling down on digital sales

M&M Financial cleverly evolved its business model to be on the right side of the evolving rural India scene.

RBI monitoring NBFCs to prevent systemic shocks; better companies getting pre-IL&FS rates

Central bank’s watching the top 50 NBFCs much more closely and is making deep dive into their books, their balance sheets and other numbers wherever necessary, says Governor Shaktikanta Das. He said that RBI has a fairly good idea of where the vulnerabilities lie. It is holding periodic discussions with the management and promoters of NBFCs.

Systematic Withdrawal Plan - A smart technique for regular income

SWPs allow you to withdraw a fixed amount of money at periodic intervals from a fund a fixed date every month, once every two months, or even quarterly . SW...

RBI says banks lending to NBFCs now

Das said the top-50 NBFCs are being regularly monitored by the RBI as it has a fairly good idea on which of the NBFCs are "vulnerable" and made it clear that "RBI will not allow any large NBFC to collapse."

Canadian fund CPPIB keen to enter private debt segment in India, worried about regulatory uncertainties

“Private debt can be a good opportunity as we see some interesting situations in the country,” said Mark Machin, president and chief executive officer CPPIB. Many private equity global funds including KKR, Apollo Global Management, Blackstone and Baring have specialized debt platforms.

Xiaomi bets big on financial services in India

It has started talks with banks and more nonbanking financial companies to launch more services, having brought on board Aditya Birla Finance, Money View, EarlySalary, Zestmoney and CreditVidya.

NCDRC asks Sahara India to promptly pay claimants under its accidental death scheme

NCDRC asks Sahara India to promptly pay claimants under its accidental death scheme

The National Consumer Disputes Redressal Commission (NCDRC) has directed the company, which entered into a legal battle with an insurance firm over payment of the claim amount under the policy, to settle its dispute without troubling the nominees of the deceased investors.

ELSS and IDFC Tax Advantage (ELSS) fund

ELSS and IDFC Tax Advantage (ELSS) fund

ELSS and IDFC Tax Advantage ELSS fund Equity Linked Saving Scheme ELSS is a category of mutual fund that lets you invest in equity market for long term w...

Aadhaar enabled payment system growth slows in FY20

Aadhaar enabled payment system growth slows in FY20

AePS facilitates cashless transactions through biometric authentication. According to NPCI, which runs the platform, biometric-based transactions grew by 10% to 208 million transactions in October 2019 from 189 million in April. October usually sees high transactions because of the festive season and higher remittance from urban to rural areas.

NCLT admits RBI plea seeking bankruptcy resolution for DHFL

NCLT admits RBI plea seeking bankruptcy resolution for DHFL

The move came in after the Reserve Bank last Friday made an application for bankruptcy proceedings to resolve the credit and liquidity crisis at the company, which became the first financial sector player being sent for bankruptcy. dmitting the petition, an NCLT bench said the petition deserves admission."

HR Khan to take charge of microfinance code from December

HR Khan to take charge of microfinance code from December

MFIN wanted a heavyweight for this CRL project, which is a self-regulatory step for a diverse set of lenders engaged in microfinance such as banks, small finance banks, non-banking financial companies (NBFC), NBFC-MFIs and not-for-profit firms.

Fitch says liquidity pressures faced by non-banking financial sector to continue

Fitch says liquidity pressures faced by non-banking financial sector to continue

Indian finance and leasing companies are likely to grow at a slower pace in the year 2020 than in prior years, amid weaker economic growth and liquidity constraints, the rating agency said. Fitch added that its 2020 sector outlook is underpinned by challenging operating environments, lower growth prospects, and rising funding pressure.

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