• Sat. Oct 29th, 2022

Stock Market Live Updates: Indian equity indices, Sensex and Nifty are trading lower on Tuesday afternoon dragged by selling banking and financial stocks. Broader markets traded mixed as smallcap index gained, while midcap index fell. Among sectors, private b…

Jun 29, 2021

FM’s new measures more beneficial for smaller financial institutions: Avendus Capital
Finance minister Nirmala Sitharaman’s measures will be positive for smaller financial institutions, said Andrew Holland, chief executive officer (CEO) of Avendus Capital Public Markets Alternate Strategies, on Tuesday. The finance minister, on Monday, announced eight economic relief measures to boost the economy, which has been hit by the second wave of infections that was dubbed as the world’s worst COVID-19 surge.
Speaking in an interview with CNBC-TV18, Holland said, “It’s not a package which is more direct to get the economy moving; it’s to help the banks lend more and maybe favour some of the smaller banking names rather than the larger banking names. So, it’s just a help; it’s not going to move the needle, it’s not going to hurt the deficit too much, but it’s just a helping hand along the way.” More here