Anthropia’s Post

Indian non-banking financial companies #Muthoot Finance and #Manappuram Finance seized the market window last week for US dollar bond sales, despite challenges for the industry at home. Muthoot hit the market on Tuesday with a US$650m 7.125% 3.75-year amortising bond after waiting since mid-April. Manappuram followed on Wednesday with a US$300m 7.375% four-year amortising bond priced at 99.64 to yield 7.5%. The two notes have respective weighted average lives of 3.25 and 3.33 years. To read more by Morgan M. Davis- https://lnkd.in/d3PyTt52

Exciting News for FD Investors! State Bank of India and Bank of Baroda have introduced special, short-term FD schemes ideal for conservative or risk-averse investors seeking assured returns within a short period. With interest rates above 7%, these schemes present a golden opportunity for those looking to maximize their investments. Krishan Mishra, CEO of FPSB India, shared his insights on the benefits for senior citizens and the importance of diversifying investment portfolios while maintaining liquidity. Many industry experts, including Akshar Shah, Founder and CEO of Fixerra, Adhil Shetty, CEO of BankBazaar.com, Amol Joshi, Founder of Plan Rupee Investment Services, and Shavir Bansal, Founder and CEO of Kifaayat, have also shared their valuable opinions in this comprehensive piece. 👉 Read the full article to explore more about these FD schemes and the strategic insights shared by industry leaders: https://lnkd.in/dyJERVrT Let's make informed decisions and optimize our investments! #FixedDeposits #InvestmentOpportunity #FPSBIndia #SBI #BankofBaroda #FinancialPlanning #ConservativeInvesting #RiskAverseInvesting #SeniorCitizens

Ever think bank accounts for government departments are always safe and sound? Think again. The Karnataka government has just issued a sweeping order for all its departments, public sector units, corporations, and local bodies to close their accounts at the State Bank of India (SBI) and Punjab National Bank (PNB). Why? Because of allegations of financial irregularities and misappropriation of funds involving deposits and investments with these banks. For instance, the Karnataka Industrial Area Development Board (KIADB) had a fixed deposit of ₹25 crore with PNB, but only ₹13 crore was released. Similarly, the Karnataka State Pollution Control Board (KSPCB) saw its ₹10 crore fixed deposit at the former State Bank of Mysore misused to settle loans for a private company using forged documents. These instances highlight crucial financial governance issues. Right now, the banks have requested a 15-day extension to address these problems, and the government has temporarily halted the closure order to allow them time to rectify the situation. This scenario is a powerful reminder of the importance of financial transparency and accountability. It’s not just about opening and closing accounts; it's about ensuring that public funds are used responsibly. The options? Ignore the misappropriations and hope for the best, or take decisive action to protect the integrity of public resources. For Karnataka, the choice was clear #FinancialGovernance #Transparency #Accountability #PublicFunds #KarnatakaGovernment #SBI #PNB #Misappropriation #FinancialIrregularities #BankAccounts #PublicSector

Karnataka Govt vs. SBI & PNB: Why the Withdrawal of Funds? 💼🚫 The Karnataka government has ordered all its departments, public sector units, universities, and related organizations to cease transactions with SBI and PNB due to unresolved issues with fund recovery.🚨 The Karnataka Industrial Areas Development Board (KIADB) and the Pollution Control Board have faced difficulties recovering fixed deposits from these banks, despite extensive negotiations.🔍 Two major incidents triggered this action: 1) KIADB’s ₹25 crore deposit with PNB resulted in only ₹13 crore being returned after the deposit matured, despite a decade of attempts to resolve the issue. 2) The Karnataka State Pollution Control Board’s ₹10 crore deposit with SBI (formerly State Bank of Mysore) was allegedly misused to settle a private company’s loans using forged documents.💼 The August 12, 2024 circular, signed by PC Jaffer and approved by Chief Minister Siddaramaiah, instructs all government entities to withdraw funds and close accounts with SBI and PNB by September 20, 2024. Closure reports must be submitted to the finance department.🔒 What are your thoughts on Karnataka's decision to withdraw funds from SBI and PNB? 🤔💭 #Karnataka #SBI #PNB #Funds #Finance #Public #Banking #Government #Audit #Accounts #India #CA

🌟 Dive into India's financial frontier with your #weeklyfinancewrap! 💼💰 The biggest highlights for the Credit sector!! 📈 In the outstanding month of February 2024, MSME credit skyrocketed, setting the stage for economic empowerment. Meanwhile, bank credit surged, fueled by retail dreams and agricultural endeavors. What's more? Tap below to get into the intriguing insights. News exclusively sourced from: 👉 Financial Express (India) and Outlook Publishing (India) Pvt. Ltd. Stay Tuned with Yubi's weekly finance wrap for top news and insights on everything finance 💰 #msme #indiafinance #credit #AIF #rbipolicy #sectorhighlights #investmentnews #businessloans #indianeconomy

In this week's swipe through post, we dive into the controversy surrounding SEBI Chairperson Madhabi Puri Buch. Swipe through to explore alleged conflicts of interest, their potential impact on regulatory decisions, and the implications for India's financial markets. #sebi #madhabi #banking #regulations

Reserve Bank of India (RBI) Tightens Housing Finance Company Norms: New Guidelines Align HFCs with NBFCs, Strengthening India's Financial Stability. For more information, follow the link: https://lnkd.in/gZe44ApG #therealtytoday #TRT #therealtytodaynews #therealtytodayupdates #RBI #HousingFinance #RiskManagement #FinancialStability #RegulatoryFramework #Finance

The Reserve Bank of India (RBI) had previously vide A.P. (DIR Series) Circular No. 25 dated March 30, 2020, specified various securities of Central Government under the 'Fully Accessible Route' (FAR), which were opened fully for investment to the non-resident investors, without any quantitative investment limits. RBI has vide various notifications provided specific securities to be included under the FAR, amongst them the last notification dated July 29, 2024 excluded the issuance of new 14 years and 30 years tenor Government securities from the FAR. In addition, now RBI has vide notification FMRD.FMD.No.06/14.01.006/2024-25 dated November 7, 2024, decided to include the Sovereign Green Bonds having a tenor of 10 years issued by the Government as specified securities under the FAR. This inclusion enhances the ambit of investment under FAR available to the non-resident investors. #Finance #RBI  #Investment #NRI #bankinglaw #LawFirm #FYP #SoverignBonds #Sachiv Kumarr #SDSAdvocates

🌟 Exciting developments in financial inclusion! 🌟 The Finance Ministry is set to convene a crucial meeting with CEOs of Public Sector Banks today to review the progress of several flagship financial inclusion schemes.. The meeting will focus on schemes like PM Vishwakarma, Jan Suraksha, and Mudra Yojana, among others. This initiative underscores the government's commitment to enhancing access to financial services for all segments of society. It's a significant step towards fostering economic empowerment and inclusive growth across India. Stay tuned for updates on how these initiatives are shaping the future of financial inclusion in our country! 🚀💼 #FinanceMinistry #FinancialInclusion #PMVishwakarma #JanSuraksha #MudraYojana #StandUpIndia #PMsvanidhi #PublicSectorBanks #EconomicEmpowerment Seemit Jain Japjot Singh Sabharwal Dhruv Jain Devansh Gupta Manas Singhania Deep Goradia Pujan Bhatt Deepali Shewale Rohit Baviskar Arjun Singh Aryan Tiwari ASBS & Co eMSME

In a #Guest Column for #BusinessIndia, Sriram Kalyanaraman argues that privatizing India’s public sector banks (PSBs) is not the right solution to their woes. He emphasizes that #PSBs have played a vital role in economic development, financial inclusion, and agriculture lending. Instead of #privatization, he suggests #reforms like appointing professionals to boards, insulating management from politics, and enhancing #RiskManagement. PSBs' social and economic contributions extend far beyond profits. Strengthening these banks will ensure they continue serving national priorities, balancing #profitability with #SocialResponsibility for #SustainableGrowth. Turn to page 47 to read Sriram's article for deeper insight! https://lnkd.in/gxyjNbAS arbind gupta #Finance #Banking #BFSI #InTheNews