VRITTAM (27 OCT 2014 - 03 NOV 2014)
THE WEEKLY FINANCIAL NEWS
NBFCs brace for tougher norms from RBI
Analysts said the Reserve Bank of India
(RBI) has quietly put in place small changes during the current fiscal year,
creating a more level playing field between NBFCs and banks—which often do the
same kind of business but are subjected to different regulations.
Government modifies selection process for public bank heads
The government has modified the selection process for the appointment of heads of state-run banks and will conduct interviews for these posts on 13 and 14 November. Each candidate will have to be independently evaluated by three sub-committees having two members each.
The financial services secretary, a
deputy governor from the Reserve Bank of India and four independent members
will be a part of these sub-committees.
Brazil central government posts unexpectedly big primary deficit
Brazil’s budget deficit unexpectedly widened to a record in September, prompting the government to say it won’t meet its fiscal target as a possible credit downgrade looms. Swap rates rose.
India Inc.’s sales slow, but profits rise in Sept quarter
Eurozone inflation edges up to 0.4%
The flash inflation figure of 0.4% for October was up from 0.3% in September, Eurostat said.
The services sector was the biggest influence on the rise, showing an increase of 1.2% compared with a 1.1% rise in September.
The eurozone's unemployment rate remained unchanged at 11.5% in September compared with August.
Banks may be forced to boost reserves
The Bank of England wants to reduce the chances of banks needing taxpayer bailouts.
The Bank said that the level of reserves compared to loans could rise from 3% to 4.95% from 2019.
That means banks would need to hold £1 of capital for every £20 they lend, compared with £1 for every £33 today.
In a ballroom at the Dallas Ritz-Carlton in September, Aubrey McClendon told an investor conference that since leaving Chesapeake Energy last year to start his own company, American Energy Partners, he’s raised an average of $1.6 million an hour. Laughter swept the crowd. McClendon then put up a slide covered with the logos of Wall Street backers that have collectively handed his outfit $13 billion. Among them: KKR, BlackRock and Apollo Global Management. “Everybody here knows that capital is more easily accessed today than probably at any other point in your careers,” McClendon said.
SLIDESHOW
Click on the slideshow below to have a better view of Ten Sectors that are boosting American Economy
THE WEEKLY FINANCIAL NEWS
NBFCs brace for tougher norms from RBI
Ahead of the new
framework for non-banking finance companies (NBFCs) expected by the end
of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards.
Analysts said the Reserve Bank of India (RBI) has quietly put in place
small changes during the current fiscal year, creating a more level
playing field between NBFCs and banks—which often do the same kind of
business but are subjected to different regulations.
Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copyAhead of the new framework for non-banking finance companies (NBFCs) expected by the end of this month, the central bank has been slowly tweaking norms for them, signalling tighter regulation on cards. Analysts said the Reserve Bank of India (RBI) has quietly put in place small changes during the current fiscal year, creating a more level playing field between NBFCs and banks—which often do the same kind of business but are subjected to different regulations.
Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copyAhead of the new framework for non-banking finance companies (NBFCs) expected by the end of this month, the central bank has been slowly tweaking norms for them, signalling tighter regulation on cards. Analysts said the Reserve Bank of India (RBI) has quietly put in place small changes during the current fiscal year, creating a more level playing field between NBFCs and banks—which often do the same kind of business but are subjected to different regulations.
NBFCs brace for tougher norms from RBI
Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy
Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy
NBFCs brace for tougher norms from RBI
Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy
Ahead
of the new framework for non-banking finance companies (NBFCs) expected by the
end of this month, the central bank has been slowly tweaking norms for them,
signalling tighter regulation on cards. Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy
Government modifies selection process for public bank heads
The government has modified the selection process for the appointment of heads of state-run banks and will conduct interviews for these posts on 13 and 14 November. Each candidate will have to be independently evaluated by three sub-committees having two members each.
Brazil central government posts unexpectedly big primary deficit
Brazil’s budget deficit unexpectedly widened to a record in September, prompting the government to say it won’t meet its fiscal target as a possible credit downgrade looms. Swap rates rose.
NBFCs brace for tougher norms from RBI
Read more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy
China slowdown to bruise global economyRead more at: http://www.livemint.com/Industry/VBQwACJCYFoqCFESalqF4I/NBFCs-brace-for-tougher-norms-from-RBI.html?utm_source=copy
China's roaring economy for years has pulled much of the
rest of the world with it, soaking up oil, iron ore and other commodities from
developing countries and autos and luxury goods from Europe.
But its role as a global engine is fading as its economy slows and many other
nations, in the view of economists, will feel the pain. A survey of 30
economists has found that 57 per cent of them expect China's decelerating
economy to restrain growth in countries from Brazil and Chile to Australia and
South Korea.
India Inc.’s sales slow, but profits rise in Sept quarter
The flash inflation figure of 0.4% for October was up from 0.3% in September, Eurostat said.
The services sector was the biggest influence on the rise, showing an increase of 1.2% compared with a 1.1% rise in September.
Banks may be forced to boost reserves
The Bank of England wants to reduce the chances of banks needing taxpayer bailouts.
The Bank said that the level of reserves compared to loans could rise from 3% to 4.95% from 2019.
OPINION
Will Wall Street Love Fracking as Oil Prices Fall?In a ballroom at the Dallas Ritz-Carlton in September, Aubrey McClendon told an investor conference that since leaving Chesapeake Energy last year to start his own company, American Energy Partners, he’s raised an average of $1.6 million an hour. Laughter swept the crowd. McClendon then put up a slide covered with the logos of Wall Street backers that have collectively handed his outfit $13 billion. Among them: KKR, BlackRock and Apollo Global Management. “Everybody here knows that capital is more easily accessed today than probably at any other point in your careers,” McClendon said.
SLIDESHOW
Click on the slideshow below to have a better view of Ten Sectors that are boosting American Economy
0 comments:
Post a Comment