Managing costs and risk is the key: Ajay Kanwal, CEO, Jana Small Finance Bank

Managing costs and risk is the key: Ajay Kanwal, CEO, Jana Small Finance Bank

Ajay Kanwal took over as the CEO of Jana Small Finance Bank in August last year, less than two months after joining private equity firm TPG as its senior advisor. TPG is one of the 13 shareholders at the micro finance-turned-small finance bank. In an interview with ET, Kanwal talks about the bank’s business model, […]

Amir Yaron, finance professor, tapped as next Bank of Israel governor

Amir Yaron, finance professor, tapped as next Bank of Israel governor

Amir Yaron, an Israeli-American finance professor, on Tuesday was announced as the next governor of the Bank of Israel, the country’s central bank. Prime Minister Benjamin Netanyahu and Finance Minister Moshe Kahlon nominated Yaron, 54, at a joint press conference. Yaron is the “most suitable candidate” for the post, said Netanyahu, praising his “hands-on” economic expertise […]

Stocks trade lower, Dow falls more than 100 points

Stocks trade lower, Dow falls more than 100 points

U.S. stocks traded lower after wavering Monday morning. The Dow (^DJI) fell 0.6%, or 157.9 points at 12:10 p.m. ET, after falling as much as 223.96 points earlier in the morning. The S&P 500 (^GSPC) slipped 0.64%, or 18.46 points. The Nasdaq (^IXIC) fell 1.38%, or 108.77 points, as tech stocks largely declined. Some experts are still […]

Finance chiefs gather in Bali to tackle global economic woes

Finance chiefs gather in Bali to tackle global economic woes

BALI • The International Monetary Fund (IMF) holds its annual meeting this week in earthquake-stricken Indonesia, as it shines a light on tremors in the global economy: rising protectionism, vulnerable emerging markets and record debt levels. Finance ministers and central bankers from 180 nations will be among 32,000 attendees in Bali for the annual meeting […]

Finance Ministry drafting Asset Monetisation Framework for hiving off CPSEs' non-core biz

Finance Ministry drafting Asset Monetisation Framework for hiving off CPSEs' non-core biz

The Finance Ministry is drafting a framework for ministries and departments which they would follow while selling non-core assets of CPSEs, an official said. The ‘Asset Monetisation Framework’, which is being drafted by the Department of Investment and Public Asset Management (DIPAM), will help the administrative ministries to fast track hiving off and sale of […]

Russian finance ministry prepares amendments to currency regulation

Russian finance ministry prepares amendments to currency regulation

MOSCOW, October 6. /TASS/. Russia’s Finance Ministry has prepared amendments to the law on foreign exchange regulation and currency control, which is expected to minimize the fallout from sanctions against Russian legal entities, according to proposed draft amendments. Particularly, the ministry suggests that Russia’s sanctions-hit companies should be allowed not to transfer foreign currency to […]

Stocks mixed after unemployment rate falls to lowest rate in nearly 50 years

Stocks mixed after unemployment rate falls to lowest rate in nearly 50 years

Stocks (^DJI, ^GSPC, ^IXIC)  wavered Friday after newly released data showed the pace of new job creation for September falling short of expectations, while the unemployment rate fell to a near five-decade low. Yahoo Finance’s Seana Smith and Dion Rabouin are joined by editor-in-chief Andy Serwer, columnist Rick Newman and reporters Myles Udland and Pras Subramanian. Jared Blikre and […]

Highest Priority for Finance Today: FP&A

Highest Priority for Finance Today: FP&A

Financial planning and analysis has emerged in recent years as a cornerstone of an effective finance function. Still, whatever advancements in FP&A quality have been achieved, they’re apparently not enough to satisfy CFOs. Among 10 key finance processes and activities, finance officials surveyed by Protiviti identified FP&A as the highest priority for improving knowledge and […]

Finance, the media and a catastrophic breakdown in trust

Finance, the media and a catastrophic breakdown in trust

Finance is all about trust. JP Morgan, patriarch of the banking dynasty, told Congress in the 1912 hearings that led to the foundation of the US Federal Reserve, that the first thing in credit was “character, before money or anything else. Money cannot buy it. “A man I do not trust could not get money […]