Finance ministry asks banks to explore fintech partnership

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FPIs' pull out Rs 46,000 cr from Indian equities in June so far

Foreign investors continue to desert Indian equity markets and pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices and volatile rupee.

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AMCs prepare to launch new MF schemes from next month as Sebi restriction nears end

They have a line-up of passive funds on the fixed income and equity side as well as selective launches in certain categories to fill product gaps

from The HinduBusinessLine - Money & Banking https://ift.tt/jxXGFZl

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Finance Ministry asks banks to explore fintech partnership, co-lending opportunities

According to the sources, banks were asked to sanction loans for productive sectors to accelerate the revival of the economy facing headwinds, including the Russia-Ukraine war.

from Banking/Finance-Industry-Economic Times https://ift.tt/8tBCa5G

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DHFL scam: The family accused of the biggest banking fraud knows how to stay out of jail

DHFL and HDIL are realty and housing finance businesses run by two branches of the family. Rakesh Wadhawan of HDIL is the younger brother of the late Rajesh Wadhawan, whose children Kapil and Dheeraj now run DHFL.

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

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