YOUR MONEY: Year-end money moves for your ETFs
NEW YORK (Reuters) - Tax-loss harvesting is all about finding losers in your investment portfolio to offset winners so you pay less tax. FILE PHOTO: A screen on the trading floor at the New York Stock Exchange (NYSE) in New York City,…
IBC’s big success: Lenders to recover Rs 42k crore as ArcelorMittal initiates payment for…
As per the October 2018 resolution plan, secured financial creditors would recover 92% or around Rs 42,000 crore of their total exposure of Rs 49,046 crore.By Ankur MishraThe creditors of Essar Steel have started receiving their dues…
NHFC crisis poses more bad loan risks for banks: Report
The spillover of stress among NBFCs to borrowers, and ultimately to banks, will hinder improvements in banks’ asset quality, profitability and capital, which is credit negative, says a report by Moody’s on Friday.The continuing liquidity…
Forex reserves soar $2.3 bn to touch all-time high of $453 bn
In the previous week, the reserves had increased by USD 2.484 billion to USD 451.08 billion, the weekly data released by the Reserve Bank on Friday showed.The country’s foreign exchange reserves surged by USD 2.342 billion to touch a…
Poonawalla Finance debuts in digital lending space
Poonawala Finance has presence in Maharashtra, Karnataka, Gujarat, Madhya Pradesh and Telangana.Poonawalla Finance, an NBFC and part of the $ 8.4-billion Cyrus Poonawalla Group, has made its debut in the digital lending space and within…
H1FY20: Volume of securitisation by NBFC-MFIs doubles
Based on the trend over the past six months, the ratings agency expected the securitisation volumes for NBFC-MFIs to cross Rs 30,000 crore during FY20, higher than Rs 26,000 crore in FY19.As conventional sources of funding for NBFC-MFIs…
Debt MF exposure to NBFCs falls 24.43% in November: Sebi data
Mutual funds invest in debt instruments of NBFCs, which include short-term instruments like commercial papers (CPs) and long-term debt papers like non-convertible debentures (NCDs).Debt mutual funds continued to cut back on debt…