Thursday , 27 June 2019
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Finance

British Airways CFO Steve Gunning to take over as IAG finance chief

IAG said on April 15 British Airways’ finance chief Steve Gunning will replace company veteran and chief financial officer Enrique Dupuy de Lome, who steps down after more than eight years in the role. Gunning, who joined British Airways in 1998 and has been its CFO since January 2016, will take over from de Lome at IAG’s annual general meeting ... Read More »

Blended finance’s role in SDGs depends on these changes

A piece of the Sustainable Development Goals puzzle. Photo by: Manuel Elias / U.N. OXFORD, England — Blended finance can play a critical role in bridging philanthropic or public dollars and private capital in trying to tackle the Sustainable Development Goals. But its potential is threatened by a financial system that isn’t forward-looking, according to a group of development financiers and ... Read More »

Three Vital Skills Finance Industry Professionals Now Need to Succeed

In recent years, there’s been a subtle change underway in the hiring practices of a wide variety of industries. Although the specifics of that change vary from industry to industry, they can be summed up in one way: a new emphasis on multifaceted employees. The major driver of the change is the rapid introduction of new technologies into every line ... Read More »

RBI governor Shaktikanta Das bats for permanent status to Finance Commission

Mumbai: While it is important to adhere to fiscal deficit targets, it is equally important to undertake robust expenditure planning to address the socio-economic challenges, RBI governor Shaktikanta Das said on at the launch of predecessor Y.V. Reddy’s new book on Tuesday.Indian Fiscal Federalism is co-authored by Y.V. Reddy and G.R. Reddy, adviser (finance) to the Government of Telangana. According to Das, ... Read More »

Tighter housing finance norms on cards after IL&FS, DHFL defaults expose risks

The banking system continued to face liquidity constraints. Daily average liquidity deficit stood at Rs 94,585 crore in the week through February 28. The National Housing Bank (NHB) is considering tightening the asset-liability management (ALM) norms for housing finance companies (HFCs) to help detect their solvency concerns early to ensure swift course correction, sources told FE. “The ALM guidelines relating ... Read More »

Arun Mehta assumes office as principal secy finance

Arun Kumar Mehta Friday assumed office as principal secretary finance as he formally took over the charge from outgoing Navin K Choudhary, now principal secretary industries and commerce. According to an official spokesperson, senior functionaries of finance and allied departments were present on the occasion which was followed by an introductory cum review meeting.   Navin Choudhary gave the new ... Read More »

Fixed Deposit Interest Rates Offered By Small Finance Banks

Small finance banks often pay higher interest rates on deposits compared to commercial banks. Fixed deposit (FDs), also known as term deposits, are secure financial instruments offered by private and public sector banks, small finance banks (SFBs), non-banking financial companies (NBFCs) and post offices. Small finance banks pay higher interest rates on fixed deposits compared to commercial banks. Small finance banks focus on financial ... Read More »

Google picks its Chicago office to house finance hub

CHICAGO — Google officials say the company has selected Chicago as its new finance division hub with plans to have the capacity to double its workforce in the city by the end of the year. The Chicago announcement Friday is part of Google’s national expansion plan . The California company said Wednesday that it plans to invest more than $13 billion this ... Read More »

Suryoday Small Finance Bank enters North India—-eyes IPO in Oct-Dec quarter next year

Suryoday Small Finance Bank, which went live in January 2017, plans to go public with an initial public offering (IPO) in October-December quarter next year, a top official said. This small finance bank, which is the first from Maharashtra to obtain SFB licence from RBI, may also look to raise capital to the tune of ₹ 175-Rs 200 crore this year to ... Read More »

Ministry of Finance paid suppliers more than once; 13,500 extra employees on master list

B.C.’s Ministry of Finance makes duplicate payments to suppliers and has 13,500 employees no longer on the payroll on the books because its tracking system is a mess, auditor general Carol Bellringer says. Those duplicates resulted in 138 payments totalling more than $649,000, spending the government said involved a now-corrected 73 per cent error rate. Bellringer’s office examined the master ... Read More »