Finance

Bajaj Finance Q3 Review – Growth Pickup, Strong Commentary Gives Confidence: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Led by standstill status from the Supreme Court, the gross non-performing asset ratio declined to 0.55% from 1.03% QoQ and net-non performing asset ratio came at 0.19% from 0.37% on a consolidated basis.

However, proforma GNPA and net non-performing asset surged to 2.86% and 1.22% respectively. Restructuring is at 1.4% of loans and has provisions of Rs 397 crore on it.

The company expects to revert to pre-Covid-19 NNPA by H1 FY22, except auto finance business which may take longer due to underlying collateral value.

During the quarter, the company has also done one-time principal write-off of Rs 1,970 crore, on account of Covid-19 related stress

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German finance minister lashes out at EU vaccine drought



Olaf Scholz wearing a suit and tie


© Provided by City AM


Germany’s finance minister has renewed tensions within the bloc following a high-profile tussle last week over EU vaccine shortages.

Olaf Scholz told the BBC this afternoon he was “angry about some of the decisions that were taken last year”, among suggestions that the EU failed to order sufficient vaccine supplies for its member states.

Read more: Majority of adults in UK to be offered Covid vaccine by May

So far, less than four per cent of adult EU citizens have been immunised against coronavirus, compared to around 20 per cent of adults in the UK.

European Commission president Urusula von der Leyen has come under fire for the sluggish rollout of the vaccine across Europe and subsequent attempts to blame pharmaceuticals companies producing the jabs.

European Commission officials tried to pressure Astrazeneca into diverting some of its UK vaccine supply to the bloc last week

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Best Entry-Level Finance Jobs for 2021

Finance can be a fiercely competitive field to break into. After all, it’s a famously high-paying industry known to pay six or seven figures in salaries and bonuses for those at the top. Even those on the bottom rung can expect to start at a good wage compared to other fields.

You may not walk into your dream job right away, but the good news is that finance is a vast industry, so once you’re in, there’s plenty of room to evolve, move around, and find your niche. First, however, you have to get your foot in the (entry-level) door.

A Look At Entry-Level Careers In Finance

Entry-Level Salary

Entry-level finance compensation averages $88,774 a year, according to the job-search website Glassdoor, in January 2021. The National Association of Colleges and Employers’ (NACE) Winter 2020 Salary Survey projects starting paychecks in the finance, insurance, and real estate fields

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MindStream and US-Analytics Strategically Align to Improve and Expand Solutions to bring Digital Transformation to Finance Teams

BOSTON–(BUSINESS WIRE)–MindStream and US-Analytics, two organizations dedicated to designing solutions that help enterprise businesses improve their financial planning, budgeting, reporting, and analytics, are proud to announce an expanded strategic alliance that will help meet the CFOs’ growing demand for digital transformation initiatives in the workplace.

This strategic partnership will increase the size of both firms and provide twice as many resources for support services to customers. With the expansion of this existing long-term partnership, both organizations aim to:

  • Align resources by expertise to serve clients more efficiently in the Americas
  • Blend practice teams, business knowledge, and technical expertise in offering robust solutions to the EPM / CPM / Analytics marketplace
  • Share marketing and client acquisition expenses for driving mutual profitability
  • Develop New Products and Services to meet the needs of the CFO and the Office of Finance.

MindStream Analytics is a premier consulting firm focused on helping

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First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB) Stock Crosses Above Fifty Day Moving Average of $3.22

First Trust Specialty Finance and Financial Opportunities Fund (NYSE:FGB)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $3.22 and traded as high as $3.44. First Trust Specialty Finance and Financial Opportunities Fund shares last traded at $3.38, with a volume of 48,278 shares trading hands.

The company’s fifty day moving average is $3.22 and its two-hundred day moving average is $2.91.

Several large investors have recently bought and sold shares of FGB. Morgan Stanley lifted its holdings in shares of First Trust Specialty Finance and Financial Opportunities Fund by 62.7% during the 3rd quarter. Morgan Stanley now owns 159,199 shares of the closed-end fund’s stock valued at $365,000 after acquiring an additional 61,346 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in shares of First Trust Specialty Finance and Financial

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Drawbridge Special Opportunities Fund LP and Drawbridge Special Opportunities Finance Corporation Announce Cash Tender Offer for Any and All of Their 5.00% Senior Notes Due 2021

NEW YORK–(BUSINESS WIRE)–Drawbridge Special Opportunities Fund LP and Drawbridge Special Opportunities Finance Corporation (together, the “Co-Issuers”) today announced that they have commenced a cash tender offer (the “Tender Offer”) for any and all of their outstanding 5.00% Senior Notes due 2021 (the “Notes”), upon the terms and conditions described in the Co-Issuers’ Offer to Purchase, dated January 19, 2021 (as amended or supplemented, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”).

The Tender Offer will expire at 5:00 p.m., New York City time, on January 25, 2021, unless extended by the Co-Issuers in their sole discretion (such date and time, as the same may be extended, the “Expiration Time”). Holders who (i) validly tender their Notes prior to the Expiration Time or (ii) deliver a properly completed and duly executed Notice of Guaranteed Delivery and all other required documents on

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