Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in

Will borrowers benefit if RBI regulates housing finance companies? 4 experts weigh in

The Budget has proposed that the RBI, and not the National Housing Bank, regulate housing finance companies. ET Wealth asks industry experts and consumer activists if this will benefit customers. Neera Saxena, MD and CEO, GIC Housing Finance says YES “Impact of the move is uncertain...
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L&T Finance Holdings Q1 profit up 2% at Rs 549 cr

L&T Finance Holdings Q1 profit up 2% at Rs 549 cr

L&T Finance Holdings (LTFH) July 19 reported an increase of 2 per cent in consolidated net profit at Rs 549 crore for the quarter ended June 30, 2019. The company’s net profit during April-June quarter of 2018-19 stood at Rs 538 crore. Total...
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House Democrats are considering a bill to ban Facebook from the finance industry

House Democrats are considering a bill to ban Facebook from the finance industry

Democrats in Congress are considering a new bill that would stop Facebook’s cryptocurrency plans in its tracks. Dubbed the Keep Big Tech Out of Finance Act, the new bill would explicitly ban large platform companies from performing banking functions. The bi...
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Finance Ministry starts groundwork for fresh bank consolidation

Finance Ministry starts groundwork for fresh bank consolidation

The next wave of bank consolidation is planned during the October-December quarter of the current fiscal with the Finance Ministry starting to seek information from PSBs on possible targets for amalgamation/mergers and acquisitions with justification on how su...
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PNB Housing cautious on corporate finance disbursement, says MD Gupta

PNB Housing cautious on corporate finance disbursement, says MD Gupta

PNB Housing Finance on Thursday reported a 51 percent jump in its consolidated net profit to Rs 379.77 crore for the fourth quarter ended March 2019. Sanjaya Gupta, MD of PNB Housing Finance, spoke to CNBC-TV18 about the company’s financial performance....
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Finance Commission chief makes case for institutional mechanism to check fiscal deficit

Finance Commission chief makes case for institutional mechanism to check fiscal deficit

NEW DELHI: Finance Commission Chairman N K Singh Thursday made a case for setting up a “fiscal council” as an institutional mechanism to monitor fiscal consolidation roadmap of the Centre and state governments. He also said fiscal federalism is a.....
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