Why HDFC remains cautious despite clocking in strong profit growth

Housing Development Finance Corp Ltd (HDFC), India’s largest mortgage finance company, has cautioned about uncertainties from the second wave of the Covid 19 pandemic even after a strong growth in net profit on the back of demand for homes from individuals. CEO Keki Mistry refrained from giving a forecast for loan growth next fiscal due to uncertainties around the second wave of Covid 19. “If the second wave of Covid would not have been there


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Mastercard brings on board Yes Bank’s Nikhil Sahni

Mastercard has announced the appointment of Nikhil Sahni as its new division president, south Asia and country corporate officer, India, said a statement issued today. Sahni will be taking over from Porush Singh, who is relocating to Singapore and assuming a new role within the company. Sahni joins Mastercard with…

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FSC allows provincial banks to start MyData business

Financial Services Commission South Korea’s top financial regulator said Thursday that it had granted approval to two regional banks — Jeonbuk Bank and Daegu Bank — to offer MyData services. It was a move to foster the burgeoning data-driven business segment, whereby the country’s major commercial banks have already begun…

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Hanon Systems acquisition talks offset overvaluation concern: analyst

A logo of Hanon SystemsSouth Korean auto parts maker Hanon Systems’ overvaluation concern due to foreign clients‘ delay in production is being offset by acquisition talks, analysts said Thursday. This comes as a major shareholder of Hanon Systems, private equity firm Hahn & Co., is considering selling a controlling stake…

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CBA banking services suffer 10-hour outage

App, NetBank and merchant terminals go down.

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Top ‘Gaokao’ Scorers Banned From Brand Spokesperson Jobs, the Cost of Phone Scams, After-School Service Hours

Here is today’s ranking of the 10 most-read domestic stories in China, in economics, finance and current affairs. While these headlines can help give you a sense of what’s trending in the Chinese language sphere, the veracity and accuracy of the headlines hasn’t been independently verified by Caixin. Internet users…

Read more: Top ‘Gaokao’ Scorers Banned From Brand Spokesperson Jobs, the Cost of Phone Scams, After-School Service Hours

Carlyle deal: PNB Housing Fin EGM outcome contingent upon SAT order next month

PNB Housing Finance on Wednesday said it will disclose the outcome of shareholders’ meeting held a day earlier — on Rs 4,000 crore capital infusion led by Carlyle Group — in accordance with the order of the Securities Appellate Tribunal next month. The company moved the tribunal on Monday after…

Read more: Carlyle deal: PNB Housing Fin EGM outcome contingent upon SAT order next month

Samunnati NBFC launches FPOnEXT, a structured plan for FPO finance

Chennai-headquartered NBFC Samunnati has launched FPOnEXT – an exclusive network of entities that are working with the FPO eco-system via an affiliation programme. The network aims to provide access to financial solutions, market linkages, value added services, technology interventions and other on-tap services to the FPOs at any stage of…

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Vehicle finance, micro loan NBFCs collections worse hit due to Covid-induced localised lockdowns: IndiaRatings

Vehicle financing and micro finance segments of non banking finance companies (NBFCs) have been hardest hit as localised lockdowns and rising infections within staff have hit collection efficiencies raising the risk of non performing assets (NPAs), credit rating agency IndiaRatings (Ind-Ra) said. Besides the problems due to the pandemic commercial…

Read more: Vehicle finance, micro loan NBFCs collections worse hit due to Covid-induced localised lockdowns: IndiaRatings

Corruption parade at China Development Bank gets longer

Toss operator mulls IPO in 2025, possibly in US

Mizuho fights to regain shareholder trust after ATM glitches

$7 Billion Fintech Super App Eyes Twelvefold Growth and IPO by 2025

CBA banking services suffer outage

ICICI Bank plays its cards right to grow market share as ban hurts HDFC Bank

Carlyle deal: PNB Housing Finance holds EGM

IIFCL seeks Reserve Bank nod to lend to InvITS, earmarks Rs 4,000 crore

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