The Reserve Bank of India (RBI) has appointed a three-member advisory committee to assist the Administrator in the resolution process of Dewan Housing Finance Corporation (DHFL).Rajiv Lall, non-executive chairman of IDFC First Bank, NS Kannan, MD & CEO of ICICI Prudential Life Insurance and NS Venkatesh, CEO of Association of Mutual Funds in India, have been named as the members of the committee.On November 20, RBI had appointed former banker R Subramaniakumar as the Administrator after the banking regulator superseded DHFL's board of directors under section 45 IE 5(a) of the RBI Act 1934.The new norms for resolution of financial entities under the Insolvency and Bankruptcy Code (IBC) also allows the regulator to appoint a committee of advisors to advise the Administrator in the operations of the troubled entity during the resolution process.Subramaniakumar is former MD & CEO of Indian Overseas Bank. As per the new norms, the Administrator will have the same responsibilities … [Read more...] about Reserve Bank of India sets up 3-member panel to assist DHFL administrator
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The Centre will bring soon bring 30-40 financial intermediaries, including wealth managers, insurance brokers, merchant bankers and share transfer agents, under the scope of the Insolvency & Bankruptcy Code (IBC), reports The Times of India.Till date, only non-banking financial institutions (NBFCs) with assets over Rs 500 crore are under IBC purview and the Centre continued to exclude banks, insurance companies and pension funds, the paper said.SEBI Chairman Ajay Tyagi on November 21 said mutual funds will be part of the list. Regulators were recently asked to identify intermediaries under them, which would be brought under IBC in case of a crisis. The insurance and pension regulators will soon identify entities as well.Close These developments come on the back of a prolonged crisis in India’s financial sector, which also lacks targeted and specific law provisions. related news Automation Anywhere raises $290mn funding led by Salesforce Ventures … [Read more...] about Wealth managers, i-bankers, insurance brokers & share transfer agents may soon be brought under IBC
We are comfortable with BFSI (including life insurance, AMC), Consumption stocks though the entry timing needs to be fine-tuned, and PSUs that can also provide good returns in case the Govt gathers the courage to conduct one big strategic divestment at a fast speed, Deepak Jasani, Head - retail research, HDFC Securities, said in an interview with Moneycontrol’s Kshitij Anand.Q) A big bailout package unveiled by the Cabinet on the real estate sector is something which was the need of the hour. Do you think the amount is enough, or the government may have to put in more money to move the needle? Any stocks which are likely to benefit the most from the package?A) The package announced could boost sentiments, kick-start liquidity flow and provide relief to homebuyers, developers and real estate financiers.However, the successful implementation will require close coordination between all stakeholders. There could be a significant challenge in its implementation, considering the … [Read more...] about Life insurers, AMC, Consumption, PSU among 4 themes likely to create wealth
S MurlidharanThe central government had set up an inter-ministerial group in April 2017 to analyze payment norms and see whether there is excessive payout by Indian companies to foreign collaborators. The government was concerned by rising royalty payments after removal of restrictions in 2009.The Finance Ministry however overruled the committee’s suggestion to bring back the pre-2009 regime on the ground that it would send wrong signals to foreign investors.Close The government is rethinking that stand now, alarmed by the relentless surge in royalty payments for use of technology. related news Maruti to bring BS-6 petrol version of Brezza, S-Cross before April 1 Don’t miss! Stocks from life insurance and AMC likely to be included in Sensex & Nifty 3-Point Analysis | Recap: Q2 results so far Before 2009, royalty payments were regulated by the government and capped at 8 percent of exports and 5 percent of domestic sales in the case of technology transfer … [Read more...] about Rising royalty payments raise risk of a clampdown but is that justified?
No matter how many you go on, job interviews can always be nerve wrecking. You put on your nicest clothes, print out your resume, and remind yourself to smile real big–and just when you think everything is going well, the interviewer hits you with a curveball question you aren’t prepared for. advertisement advertisement Luckily, you’re not going to let that happen again and you’re planning ahead to ace this month’s interview. The best way to for anything is to do your research ahead of time–which is why we’re here to help. If you’re preparing for a big interview, prepping beforehand with these 15 interview questions will help you get one step closer to that dream job. 1. Tell Me About Yourself? Most interviews start with this question, and how you answer it will make your first impression. If you stumble over the answer and aren’t quite sure what to say, your lack of confidence in yourself is showing. If you start listing … [Read more...] about Here’s How You Can Prepare For These Common Interview Questions