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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Tight liquidity pushes housing finance companies to take portfolio sell-down route

Tight liquidity pushes housing finance companies to take portfolio sell-down route

This is a golden opportunity for banks to increase their portfolio: ICRA Tight liquidity conditions since September 2018 has pushed housing finance companies (HFCs) to lower their disbursements and meet a sizable portion of their fund requirement through portf...
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Weekly Tactical Pick: Indostar Capital Finance

Weekly Tactical Pick: Indostar Capital Finance

Moneycontrol Research Team We are recommending Indostar Capital Finance (CMP: Rs 350, market capitalisation: Rs 3,200 crore), the asset financing non-banking financial company (NBFC), as a tactical pick. Primarily, a wholesale financier, it forayed into SME...
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GJEPC asks banks to adopt its KYC databank to finance diamond trade

GJEPC asks banks to adopt its KYC databank to finance diamond trade

Mumbai: Gem & Jewellery Export Promotion Council (GJEPC), a nodal trade body sponsored by the commerce ministry, is pursuing banks to adopt its online know your-customer databank of 2,500 exporters as a means to mitigate risk and improve lenders’ per...
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Family finance: Why salaried Shah couple can achieve money goals easily

Family finance: Why salaried Shah couple can achieve money goals easily

Ketan and Prachi Shah from Ahmedabad get a combined monthly salary of Rs 1.64 lakh and are left with a surplus of Rs 25,066. Their portfolio is equity-oriented, but Financial Planner Pankaaj Maalde suggests they reduce the number of mutual funds to...
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