Mint awards best BFSI firms in gala ceremony

In a first for Mint in the 16th year of the event, the programme will bring into its fold all major arms of the banking, financial services and insurance (BFSI) industry.

India's market regulator is unlikely to grant special exemption to mutual funds if they violate the maximum permitted holdings norms in securities after the merger of HDFC Bank and HDFC. These banks, both heavily owned by mutual funds, will soon merge to become India's second-largest financial institution, after the State Bank of India. However, the new limitations on mutual funds could put pressure on holdings or pose limits on increases, which could be a burden on the merged entity's stock. At least 60 equity mutual fund schemes could see their consolidated exposure to HDFC Bank and HDFC go over the 10% threshold as of Wednesday.

Top six large-cap mutual funds: Large-cap funds are usually associated with lower risk than other types of equity funds

AU Small Finance Bank's move to acquire Fincare Small Finance Bank may encourage others to explore inorganic opportunities, industry captains believe, as bigger balance sheets would put them on a stronger platform to take on their bulge-bracket rivals, especially when it comes to mobilising public deposits.

The Reserve Bank of India has rejected three applications, including that of West End Housing Finance, for setting up small finance banks. These applications were found not suitable for granting of in-principle approval to set up small finance banks, it said in a statement on Tuesday.

Insurance is one industry that got hit very badly and led to a situation where literally every company has to raise funds to meet regulatory requirements. But at the same time, awareness about the need to have insurance on which companies had been spending tons of money was created without them spending even a penny. So, while there was a short-term problem, a bigger issue of awareness got resolved. But then came changes in tax laws, which was another big blow. Given the fact that the overall size of the markets, this will also get resolved. So is the current phase of consolidation and not-so-good news is an opportunity?

HDFC Mutual Fund announces HDFC S&P BSE 500 Index Fund, HDFC NIFTY Midcap 150 Index Fund, HDFC NIFTY Smallcap 250 Index Fund

Indian banks face challenges as urban savers shift to Dalal Street instruments like mutual funds and stocks, causing a decline in low-cost current and savings account (CASA) deposits. Private sector banks are particularly affected, while public sector banks also face difficulties in attracting deposits from corporate and government accounts.

Till a few months back If any global investor wanted to take exposure to the housing finance sector in India. The first choice would be HDFC ltd, Post the mergers with HDFC bank, to take exposure to HDFC, investors will have to buy HDFC bank, which they may or may not do, given constraints under which each fund works. So one of the unintended consequences of this merger of HDFC Ltd and HDFC bank has been that other pure housing finance stocks have a higher probability of getting attention from investors. Now this has happened at a time when after a long phase of headwind and turbulence in which the sector saw many companies going down under and some exchanging hands, some respite has emerged and some tailwinds are emerging.