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Finance Banking

PSU banks told to discuss roadmap for industry

NEW DELHI: North Block has asked public sector banks to initiate a month-long consultation process with officers starting at the branch level to seek suggestions for preparing the future roadmap of the banking sector. “Branch level credit growth, non-performing assets recovery, performance of schemes such as Mudra would be reviewed,” …

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FPI exodus on, banking and other financial sectors bear the brunt

Foreign portfolio investors (FPI) turned net sellers in July, withdrawing Rs 12,419 crore from the Indian equity market, data provided by National Securities Depository Ltd (NSDL) shows. This is the highest outflow since October 2018, when foreign investors pulled out Rs 27,622 crore from the stock market. India’s July outflow is also the highest among emerging …

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Faster, Safer: Payments Under Open Banking

Any business owner, no matter how big or small, will probably tell you that payments are something of a minefield. Not only are the processes involved opaque to outsiders, there are so many providers to choose from that it can often be hard to know who to actually work with. …

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Ropes & Gray’s Investment Management Update – June-July 2019 – Finance and Banking – United States

The following summarizes recent legal developments of note affecting the mutual fund/investment management industry: SEC No-Action Letter Provides More Flexibility Under Manager-of-Managers Orders On July 9, 2019, the SEC staff issued a no-action letter to the BNY Mellon Family of Funds (“BNY Mellon”) in which the staff provided its assurance …

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Banking on Citigroup

<p class="canvas-atom canvas-text Mb(1.0em) Mb(0)–sm Mt(0. 8em)–sm” type=”text” content=”emThere’s an art to buying low during market corrections. It’s fun to buy stocks while they’re “on sale”, but the excitement can turn into frustration if the stocks don’t begin to rebound within a few weeks, asserts;/emstrongemCrista Huff/em/strongem, editor of;/emstrongemCabot Undervalued Stocks …

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