ESG in financial services sector will become extremely crucial post pandemic: EY research

Integrating investor expectations on ESG parameters as part of stakeholder engagement practices and sustainability initiatives will be a key in the post pandemic times the report said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3nNIkqU

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Cryptocurrencies gaining traction in India via social media campaigns

Cryptocurrency firms face certain restrictions on advertising on social media platforms and therefore depend on influencers across regional languages to market the digital asset.

from Banking/Finance-Industry-Economic Times https://ift.tt/3h2MsRm

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6 suitors submit bids for acquiring Reliance Home Finance

Lenders have decided to further extend the bidding time line till January 31, 2021, in order to accommodate the four non-compliant bidders, sources added. The two compliant bidders have opposed the move by the lenders and have threatened to walk away from alleged non-transparent process, they said.

from Banking/Finance-Industry-Economic Times https://ift.tt/3mEZfuy

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Nand Kishore appointed executive director of IL&FS

In October 2018, the government had seized control of the IL&FS group and superseded its board with one led by veteran banker Uday Kotak.

from Banking/Finance-Industry-Economic Times https://ift.tt/3aqi56g

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India needs multiple bad banks to clean balance sheets of lenders, get credit growth back

The Confederation of Indian Industry (CII) in its pre-budget memorandum recommended that the government consider enabling Foreign Portfolio Investors (FPIs) and Alternative Investment Funds (AIFs) to purchase NPAs.

from Banking/Finance-Industry-Economic Times https://ift.tt/2J6ThVJ

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