FinMin likely to issue PSU exchange traded fund by Dec

Having zeroed in on fund manager, the finance ministry is considering to launch second tranche of exchange traded fund ( ETF) comprising stocks of 10 public sector units (PSU) by the end of December. The second tranche of the ETF may hit the market by the end of the next quarter, sources said. Besides, anew ETF will be launched after the second tranche of the current ETF is issued, sources said, adding the new ETF will be different in composition from the previous one.

Business Standard New Delhi,14th September 2016

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RBI deputy governor cautions fintech platform lenders on privacy concerns during loan recovery

India's digital lending infrastructure has made the loan sanctioning system online. Yet, loan recovery still needs a “feet on the street” approach, Swaminathan J, deputy governor of the Reserve Bank of India, said at a media event on Tuesday, September 2, according to news agency ANI.According to the ANI report, the deputy governor flagged that fintech operators in the digital lending segment are giving out loans to customers with poor credit profiles and later using aggressive recovery tactics.“While loan sanctioning and disbursement have become increasingly digital, effective collection and recovery still require a 'feet on the street' and empathetic approach. Many fintech platforms operate on a business model that involves extending small-value loans to customers often with poor credit profiles,” Swaminathan J said. Fintech platforms' business models The central bank deputy governor highlighted that many fintech platforms' business models involve providing sm

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India can't rely on wealthy to drive growth: Ex-RBI Dy Guv Viral Acharya

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