Latest Updates Around The World
According to a recent report by JM Financial Institutional Securities, the Indian credit card industry is witnessing a marked slowdown in growth, with issuance of new cards declining sharply even as private sector banks continue to consolidate their dominance. The number of new credit cards issued fell to 4.4 million in the second quarter of […]
The rupee remains Asia’s worst-performing currency this year, hit by weak investment flows, high US tariffs and the absence of a US trade deal. Despite the RBI’s efforts to stabilize the market, analysts believe the rupee faces significant downside risks. | Photo credit: istock.com Bankers are urging the Reserve Bank of India to intervene as […]
A Liechtenstein zombie trust is a legally valid offshore trust that no longer functions because the trustee has resigned and no replacement is willing to step in, effectively leaving the assets frozen. This issue has escalated into a broader zombie trust crisis, mainly affecting Liechtenstein-based trusts associated with sanctioned or high-risk jurisdictions. As trustees withdraw […]
Privacy coins are at the helm of the digital privacy and regulatory oversight debate. They offer greater anonymity in financial deals, which raises important questions for investors, regulators and stock exchanges. While their technology promises discretion and security, their legal status and adoption varies by jurisdiction, creating a complex landscape for anyone who wants to […]
Only a handful of countries, including India and Vietnam, do not yet participate in CARF, making country selection increasingly important for crypto investors. The Crypto-Asset Reporting Framework (CARF) is an international initiative designed to improve reporting and compliance on crypto asset ownership across all jurisdictions. For expats, investors and financial institutions, understanding CARF and which […]
The RBI said its directions are subject to specific conditions based on the property category and loan amount sanctioned. Banks and Non-Banking Finance Companies (NBFCs) cannot charge prepayment charges on floating rate loans extended to individuals for non-business purposes and to individuals and Micro and Small Enterprises (MSEs) for business purposes, as per the RBI’s […]
Even after MUFG Bank comes on board as a strategic investor and has no business promoter, Shriram Finance has no plans to apply for a universal banking license, MD and CEO Parag Sharma said. business line in an interaction. He says the non-bank lender operates in a niche segment and sees no competition in that […]
MUFG recently agreed to invest ₹39,618 crore to acquire a 20 percent stake in the NBFC, marking the largest foreign direct investment in the Indian BFSI sector | Photo credit: THOMAS PETER/Reuters Japan’s largest lender MUFG Bank has no plans to increase its stake in Shriram Finance above 20 percent, Shashank Joshi, deputy CEO and […]
The NBFC’s capital adequacy ratio is likely to jump to 31 percent after completion of the transaction from around 20 percent now Beyond the business numbers, it was the shared vision and mission of Shriram Finance and MUFG Bank that led to the completion of India’s largest FDI in the domestic BFSI sector, Yasushi Itagaki, […]
The Holistic Rural Development Program (HRDP), supported by HDFC Bank Parivartan and implemented by Arpan Seva Sansthan, has significantly improved the livelihoods of women farmers in Sehore district, Madhya Pradesh. | Photo credit: PTI The Holistic Rural Development Program (HRDP), supported by HDFC Bank Parivartan and implemented by Arpan Seva Sansthan, has helped women farmers […]
