Updated Mar 11, 2021 | 13:10 IST
The sweeping changes in BFSI have got these ten banking biggies excited, and coming back for more. These high achievers are back in the game with new innings
All work and no play might make Jack a dull boy, but in India, it makes for some successful bankers. After decades of working as the top bosses of some of the country’s biggest banks, bringing in the digital revolution to the banking process and taking their institutions to the zenith, these bankers decided that there is even more to do. Thus, after retiring or giving up their thrones, they have assumed the roles of board members and advisors at different institutions and continue to make their mark.
India Inc. Borrowing Costs Surge Most Since 2013 Menacing Growth
Mar 03 2021, 9:35 AM
March 02 2021, 11:34 AM
March 03 2021, 9:35 AM
(Bloomberg) Borrowing costs for Indian companies spiked by the most in more than seven years last month, in a blow to firms struggling to recover from the pandemic.
(Bloomberg) Borrowing costs for Indian companies spiked by the most in more than seven years last month, in a blow to firms struggling to recover from the pandemic.
The average yield on top-rated three-year, five-year and 10-year corporate rupee bonds all climbed by their most since 2013 in February. A confluence of factors including higher global bond yields, and concerns that companies may be crowded out of local debt markets by the governmentâs near-record borrowings plans have pushed up borrowing costs up for Indian companies.
Sundaram Mutual completes 25 years in the mutual fund industry
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Last Updated: Feb 26, 2021, 01:22 PM IST
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Synopsis
Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today.
ET Online
Sundaram Asset Management Co. Ltd. - the asset manager for the schemes of Sundaram Mutual completes 25 years as a corporate entity today. Sundaram Mutual, as the brand is popularly known, has been through multiple avatars in its 25 years interspersed with two Joint Ventures – First as Sundaram Newton till 2002 and then as Sundaram BNP Paribas from 2006 till 2010.
Sundaram Mutual has built a retail customer base of over 3.5 million customers having invested in its schemes. Today it has a nationwide presence with 88 branches. Along with its subsidiaries, the Assets Under Management of the group exceed Rs 40,000 crore.
Budget has created growth platform for coming years also, say experts
February 07, 2021
From improving the transparency of the Budget to increasing allocation for capex to setting aside fiscal consolidation plans to spur economic growth, the Budget 2021 has not just created a platform for growth in FY 2021-22 but even beyond, says young economists from credit rating agencies and next-gen leaders of leading industrial houses.
“The focus of the Budget is not just short-term but also medium-term in nature. There was a hope that something would be done for the medium-term and I think they (government) have surprised positively by announcing that,” said Dipti Deshpande, Senior Economist at CRISIL.
January 28, 2021
Principal Global Services, technical support and services arm, to continue
Sundaram Asset Management Company, a wholly owned subsidiary of Sundaram Finance, has acquired Principal Asset Management business in India for ₹338.53 crore. Principal Asset Management has assets under management of ₹7,447 crore as of December-end with about 90 per cent of this in equity-oriented schemes.
As part of the deal, Sundaram AMC will buy out the entire share capital of Principal Asset Management, Principal Trustee Company and Principal Retirement Advisors.
The transaction is subject to the receipt of necessary regulatory approvals and SEBI prescribed processes.
Sunil Subramaniam, Managing Director, Sundaram Asset Management Company, said the transaction will strengthen Sundaram MF presence in the market place with the addition of a range of schemes with a good long term performance track record across the large and mid-cap segments.