Next six months to be quite telling for world, says Citigroup’s Jane Fraser
Fraser says financial markets would remain volatile over the next few months and that Quantitative Tightening (QT) would lead us to a very different world.
Bajaj Finance logs over 150% net profit growth in Apr-June
The company’s assets under management (AUM) grew by 28% to Rs 2.04 lakh crore at the end of June 2022 from Rs 1.59 lakh crore a year ago. New loans booked during the first quarter increased 60% to 7.42 million from 4.63 million a year ago.
Create an enabling ecosystem to make GIFT a global hub: Nilesh Shah
Singapore and Hong Kong have emerged as financial services hubs in Asia. Setting up the GIFT-IFSC and subsequently vesting the powers in a unified regulator, the International Financial Services Centres Authority (IFSCA), was a key step in the right direction to developing India as a global financial hub.
L&T on a firm footing with robust growth in order book
L&T’s order inflow grew by 57% year-on-year to Rs 41,800 crore in the June quarter, higher than the analysts’ estimate of Rs 38,000-39,000 crore. The order flow in core engineering and construction (E&C) business excluding services business expanded by 88% to Rs 28,288 crore helped by a large order win in hydrocarbon segment and other […]
Lenders need to address climate change risks, says RBI Paper
Lenders may need to incorporate an assessment of both physical and transition risks across a range of climate-related scenarios. They may identify and simulate plausible and relevant scenarios, factor in the inter-linkages between climate-related risk and other risks and explore resilience to financial losses under a variety of scenarios.