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Poverty definition immaterial for financial services: Rajan

Last Updated: Wednesday, July 02, 2014, 18:16

As the debate over the definition of poverty continues, Reserve Bank of India Governor Raghuram Rajan Wednesday said descriptions don't matter when it comes to financial services, which are unavailable for a large number of people.

Redefining personal finance for India's middle class

Last Updated: Tuesday, February 19, 2013, 10:11

A middle class Indian, on an average, loses Rs.30,000-40,000 every year because of bad personal finance products he bought in the past, claims ArthaYantra, an integrated personal financial services company which offers free financial advice online.

RBI inks MoUs with UK, Norway regulators

Last Updated: Tuesday, July 31, 2012, 22:44

The Reserve Bank has signed memoranda of understanding with regulators of UK and Norway among others to promote greater co-operation and sharing of supervisory information.

PTC India Financial offloads 14% stake in IEX for Rs 71 cr

Last Updated: Friday, March 30, 2012, 16:37

PTC India Financial Services, an arm of power trader PTC India, today said it has sold 14 percent stake in Indian Energy Exchange Limited (IEX) for Rs 71 crore.

PFS eyes Rs 50cr from 16% stake sale in Indian Energy Exchange

Last Updated: Sunday, November 20, 2011, 12:35

Infrastructure lender PTC India Financial Services (PFS) expects to garner as much as Rs 50 crore from sale of over 16 percent stake in the country's largest power bourse, Indian Energy Exchange (IEX).

Indian financial sector less lucrative than China, S'Pore: PwC

Last Updated: Tuesday, September 27, 2011, 21:54

Regulatory uncertainties are making the country's financial services sector less lucrative compared to neighbouring China's and Singapore's, says a survey by international accounting major PwC.

RBI panel suggestions to help boost NBFCs: PFS

Last Updated: Friday, September 02, 2011, 18:40

An RBI panel's recommendations on NBFCs, if implemented, would help in boosting the base of infrastructure finance companies and increasing their scale of operations, PTC India Financial Services (PFS) said on Friday.