Tag Archives: Financial

From farm to home, M&M Financial is doubling down on digital sales

A diversity can often open up new avenues. For Mahindra & Mahindra Financial Services, it might have just opened up new revenue streams. In the first half of 2019-20, the liquidity crisis hovering over the non-banking finance companies (NBFCs) in India reached the doorsteps of M&M Financial. The NBFC arm of automobile major M&M Group — which focuses on vehicles, equipment, and ... Read More »

Hero Corp could buy 10-15% stake in Max Financial Services Ltd

NEW DELHI: Sunil Kant Munjal’s Hero Corp is set to buy a significant minority stake from Analjit Singh in Max Financial Services LtdNSE -1.35 %, said two people familiar with the development. The listed Max Financial houses Max Life Insurance, the largest non-bank private life insurer in the country. Singh, who has pledged more than 90% of the promoter stake in Max Financial, ... Read More »

Share market update: Nifty Financial Services index up; Indiabulls Housing Finance rises 3%

NEW DELHI: The Nifty Financial Services index was up with its components trading higher in Monday’s afternoon session. The Nifty Financial Services index was trading 1.62 per cent up at 12,275.90 around 11:56 am. Shares of Mahindra & Mahindra Financial Services (up 5.05 per cent) , Indiabulls Housing Finance (up 3.61 per cent) , Edelweiss Financial ServicesNSE 6.25 % (up 3.56 per ... Read More »

How This Fake Financial Expert Tricked Outlets Into Publishing Her Advice

Patricia Russell seemed to appear out of nowhere. A certified financial planner and graduate of several prestigious colleges, Russell has recently been quoted in major publications such as Newsday, MarketWatch, Consumer Reports, Business Insider and U.S. News, as well as sites that recirculate content on MSN and other websites. She has also written columns for personal finance blogs, including Moolanomy and Think Save Retire. The only problem? She’s not a real person. ... Read More »

Finance Commission meets Bankers and Financial Institutions in Mumbai

New Delhi: The Chairman, Shri N.K. Singh, Members and Senior Officials of the 15th Finance Commission met a large group of Bankers and Heads of Financial Institutions in Mumbai today. Salient points raised by banks during their meeting with 15th Finance Commission on 9th May 2019. In the context of making the borrowing costs of State Governments aligned to their ... Read More »

Take care of your financial needs

We all are part of a society where very often, the women folk are expected to settle down at the earliest. And the basic understanding of “settling down” connotes finding a worthy life partner. In this age of uncertainty—whether it is your relationships, life span or net worth—financial matters will continue to remain constant in your life. A woman who knows ... Read More »

For High Fixed Deposit Returns Up To 9%, Choose Small Finance Banks, Non Banking Financial Companies

Mahindra Finance, offers interest rate on fixed deposit at 7.95 per cent for a 15-month fixed deposit. For individual depositors, a bank fixed deposit (FD) is considered the safest form of investment, especially with a large commercial bank such as State Bank of India (SBI). The income from the bank FD is not only safe, but also accessible at any ... Read More »

India’s financial destiny is at the crossroads: Uday Kotak

This is a problem created over several years, cobwebs have settled, everything was justified on the grounds of public interest. As Asia’s richest banker, Uday Kotak has an interesting job at a very interesting time in India’s financial history. The executive vice-chairman of Kotak Mahindra BankBSE 0.67 %leads the country’s most admired lender at a time when about $200 billion is stuck in ... Read More »

Technology: The backbone of financial markets

In today’s dynamic financial markets, one needs to make intelligent, sound, and quick decisions, the key enabler of which, is technology. While it is true that the structure of financial markets is complex, with many pillars such as regulations, taxes, and legal compliance, technology is playing an extremely critical role, having the capacity to completely ruin the mechanism of a ... Read More »

Google’s Android Pay gains support for 24 new financial institutions in US

The ever expanding list of Android Pay supported banks/financial institutions has been updated yet again. This time, a total of 24 new names have been added, including Bank of Idaho, Beehive Federal Credit Union, Citizens Bank (WI), Community National Bank & Trust of Texas, and Duke University FCU. Other names are First Community Bank (TX), Great Plains Bank, Guaranty Bank ... Read More »