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 bill...
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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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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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