Mon.May 26, 2025

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RBI tightens default loss guarantee rule; NBFCs to exclude cover on fintech-sourced loans

CFO News

The Reserve Bank of India has instructed finance companies to exclude default loss guarantees (DLGs) from fintech firms when provisioning for stressed loans, impacting digital lending service providers. NBFCs must now make full provisions on these loans, diminishing their appeal for new business.

Finance 71
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FP&A Has Its First Ever Mascot. And it’s a Panda

The Finance Weekly

Mascots are a fun way of connecting humans to a brand.They are used in sports teams, kids activities, and sometimes even in big corporations. Coca-Cola didnt invent Santa Claus, but they sure made him famous when they put him on their brand (and sold a lot more Coke from it).Now, for the first time, FP&A has a mascot, and hes a panda.Strutting into the CFOs office is Bob Sheetner aka FPandA, a clever twist on Financial Planning and Analysis.

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Trending Sources

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Low inflation to boost purchasing power, bolster fiscal finances in India: HSBC

CFO News

Low inflation for the rest of the year will result in improving real purchasing power of households and lowering input costs for corporates in India, an HSBC Research report said on Monday, adding that a less obvious, but equally important benefit, could be via fiscal finances.

Finance 52
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A Day in the Life: Chairil Fadly Lubis from Shell Indonesia

Future CFO

Editors note: In todays A Day in the Life , Chairil Fadly Lubis (pictured), ACMA, CGMA, deputy controller at Shell Indonesia , shares with FutureCFO audiences how collaborating with CFOs, regional and global finance teams, and business leaders excites him and why maintaining an active lifestyle is a priority for him. F utureCFO: What does a typical day look like for you?

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Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future

Speaker: Joe Wroblewski, Sales Engineer Manager

Automating time-consuming manual tasks can save your firm hundreds of hours–and thousands of dollars. But it can also have longer-lasting benefits, like helping you attract and retain the next generation of CPAs, and we don’t need to tell you how important that is amid the current generational staffing crisis in the tax and accounting profession. You'll want to save your seat for this new webinar with industry expert Joe Wroblewski, where we'll explore how to: Maximize ROI with Cost-Effective Te

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US Trade Deal: India must demand reciprocal gains, preserve US market access for local products, says ASSOCHAM Secretary General

CFO News

India US Trade Deal: ASSOCHAM Secretary General Manish Singhal emphasizes the necessity for India to negotiate a 'give-and-gain' trade deal with the US, focusing on tariff reductions and reciprocal investments.

More Trending

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Bumper RBI dividend to give extra 0.15 pc fiscal boost to GDP: Report

CFO News

The incremental gain from the higher RBI dividend is expected to partly offset potential shortfalls in tax revenues and nominal GDP growth, a report said on Monday, adding that supported by a robust RBI dividend, system liquidity is likely to improve further.

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How People Choose An Advisor… And Who’s Looking For A New One

Nerd's Eye View

One of the more intriguing challenges in advisor marketing is that the qualities that attract new clients aren't always the same ones that make long-term advisor-client relationships 'stick'. In other words, while current clients may value certain advisor traits over time, new prospects – who are often still exploring their options – may prioritize something entirely different.

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Audit alarm rings for Oppo, Realme as Indian units struggle with missing records, negative net worth

CFO News

Auditors have raised concerns about the financial health and practices of Oppo and Realme's India units, citing bookkeeping issues, incomplete records, and a negative net worth for Oppo. These issues arise amidst ongoing regulatory scrutiny and investigations into the Chinese smartphone brands for alleged financial irregularities.

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The Race for Enterprise Contracts and SOC 2 Compliance

CFO Plans

Start Your SOC 2 Compliance Journey Today and position your SaaS company for success in securing enterprise contracts. As SaaS founders in the financial services sector sprint to secure enterprise contracts this quarter, they frequently face the daunting challenge of achieving SOC 2 compliance. This certification isn’t just a badge of honor; its a crucial element that elevates credibility and assures potential clients of a steadfast commitment to data security.

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Live Demo - Supercharge your Month End Close

Automation generally supercharges any process and brings its value to the forefront. See how infusing automation such as ART (our month-end close solution), into your close can get you to the next level of closing. We will share a live demo of SkyStem's solution, ART and share the key elements of month-end close automation. Through ART, we'll take a look at: What month-end close automation entails Which process steps can and should be automated Benefits of achieving process automation, and Why i

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US enjoys $35-40 bn surplus with India if services, arms, royalties included: GTRI

CFO News

India, US trade: Despite a reported USD 44.4 billion trade deficit, the US actually enjoys a USD 35-40 billion surplus with India when factoring in revenue from education, digital services, and other sectors. This challenges the narrative of India unfairly benefiting from trade. GTRI suggests India should confidently negotiate free trade agreements, pushing back against deficit claims and demanding balanced terms.

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10 Memorial Day Reads

Barry Ritholtz

My three-day weekend, Thank you for your service , reads: Long Drives and Short Homilies: How Father Bob Became Pope Leo : A rsum of deep religious education, frontline pastoral experience, parish management and Vatican governance along with a nudge from Pope Francis put Robert Prevost on the fast track.( New York Times ) Why equity markets bounce back…almost every time : We talk about why the stock markets might just be the most powerful force in the economy and whether that holds tru

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RBI seeks nod for overseas Re lending to neighbours

CFO News

The Reserve Bank of India (RBI) is seeking government approval to allow domestic banks to lend rupees to overseas borrowers, initially focusing on neighboring countries like Bangladesh, Bhutan, Nepal, and Sri Lanka. This move aims to promote the use of the Indian currency in international trade and reduce reliance on credit lines and currency swaps.

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RBI’s ₹2.7 lakh cr dividend fuelled by dollar gains, interest income, analysts say

CFO News

The Reserve Bank of India (RBI) announced a record Rs 2.69 lakh crore dividend to the government for FY25, driven by gains from US dollar sales and interest income. This substantial payout, approved at the 616th board meeting, will help the government manage fiscal challenges.

Sales 40
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Mid-Year Review: How to Ignite Employee Potential Through Meaningful Feedback

Mid-year performance reviews aren’t just boxes for HR to check. Paycor’s toolkit empowers leaders to: Identify high-potential team members. Boost engagement with meaningful feedback. Support struggling employees. Nurture top talent to drive results. Learn how to ignite employee potential through meaningful feedback. When you nurture top talent, everybody wins.

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Apple pips Xiaomi, enters top 5 in India; at nearly 20% market share, Vivo leads pack

CFO News

Apple has surpassed Xiaomi in Indian smartphone sales during the first quarter, securing a spot in the top five while Xiaomi's ranking fell to sixth. Vivo leads the market, followed by Samsung, Oppo, and realme. Xiaomi's decline is attributed to regulatory challenges, leadership changes, and a shift towards premium devices that didn't resonate with consumers.

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Starbucks India losses surge 65% in FY25, sales grow 5%

CFO News

Starbucks India witnessed a 5 percent sales increase, reaching Rs 1,277 crore, but its losses widened by 65 percent to Rs 135.7 crore in FY25. Despite launching 58 new outlets and expanding into 19 new cities, profitability was impacted by subdued demand in the QSR sector. The company aims to reach 1,000 outlets by FY28 amidst increasing competition from other coffee chains.

Sales 40
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NFRA gets complaint against audit lapses at IndusInd Bank

CFO News

National Financial Reporting Authority received a complaint against IndusInd Bank. The complaint is about accounting issues in forex derivative portfolio. Reserve Bank of India is providing inputs to NFRA. Securities and Exchange Board of India and Institute of Chartered Accountants of India are also reviewing the bank's books. IndusInd Bank reported losses due to these discrepancies.

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Groww files IPO papers via confidential filing route; seeks to raise up to USD 1-bn

CFO News

Groww, India's fastest-growing retail broking platform, has confidentially filed draft papers with SEBI for an IPO estimated between USD 700 million and USD 1 billion. The IPO includes a fresh issue of equity and an offer for sale, with proceeds aimed at technology development and business expansion.

Sales 40
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Your Accounting Expertise Will Only Get You So Far: What Really Matters

Speaker: Victor C. Barnes, CPA, MBA

In the climb from contributor to leader, the rules quietly change. If you’re aiming for the summit, the air gets thinner—and what got you here won’t be enough to get you to the top (a concept first popularized by Marshall Goldsmith in his book What Got You Here Won’t Get You There ). What made you successful early in your finance career—technical accuracy, sharp analysis, flawless execution—won’t be what carries you to the next level.

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SC orders status quo on liquidation of Bhushan Power as JSW Steel seeks to halt proceedings

CFO News

The Supreme Court has ordered a status quo on the liquidation of Bhushan Power and Steel Ltd (BPSL) after JSW Steel's plea to halt the proceedings. JSW Steel argued that liquidation would be detrimental to the company and its stakeholders. The company is considering a review under Article 137, requesting a pause on NCLT's liquidation move.

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Tax breaks, skilling & SEZs on cards for eastern states

CFO News

A panel led by Niti Aayog is set to propose tax incentives and simplified compliance for Bihar, Jharkhand, Odisha, West Bengal, and Andhra Pradesh. The roadmap, aligned with the Purvodaya mission, aims to boost manufacturing, skill development, and infrastructure. State-specific plans will address agriculture, mining, and rural development challenges.

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Sebi limits expiry of derivatives contracts to Tuesdays or Thursdays

CFO News

Stock exchanges will now have to seek prior approval from the regulator for modifying the settlement day of their derivatives contracts from the one which has been existing. Under the current framework, stock exchanges could decide upon the expiry day of their derivatives products.

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Online payment aggregators focus on anti-fraud tech to up revenues

CFO News

Facing intense competition and pricing pressures in the core payments business, large payment aggregators in India, such as PayU, Razorpay and PhonePe, are developing and deploying fraud detection software platforms for banks and fintech companies. They are pitching these tools to banks, offering them a higher degree of safety for their customers as well as better transaction success rates.

Banking 40
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The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It

Speaker: Kim Beynon, CPA, CGMA, PMP

The most overlooked, yet most critical, element of transformation is preparing people for change. Automation and AI aren't just technical upgrades, they’re cultural shifts which can challenge identities. That’s why change management isn’t a side project—it’s the foundation. In finance, where precision and process rule, navigating change can feel especially disruptive.

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MCA, Sebi discuss probe into Gensol Engineering

CFO News

Sebi chairman Tuhin Kanta Pandey and corporate affairs secretary Deepti Gaur Mukerjee convened to address ongoing investigations into Gensol Engineering, amidst regulatory scrutiny over alleged fraud and corporate governance failures.

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21 Indian startups raise $139.5 million this week

CFO News

Indian startups garnered USD 139.5 million across 21 deals this week, demonstrating strong investor confidence amidst market uncertainties. The funding activity was led by growth-stage and early-stage deals, with Delhi-NCR and Bengaluru emerging as key regions. Fintech, e-commerce, and media and entertainment sectors dominated, while seed funding took the lead in investment stages.

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India's cement sector poised for resilient growth: Report

CFO News

The Indian cement sector is likely to witness a strong growth trajectory, boosted by robust economic factors, substantial infrastructure development and favourable demand-supply dynamics, a recent report by PhillipCapital indicated.

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Alcohol makers seek phased import duty cuts, strong safeguards to prevent EU FTA misuse

CFO News

The Confederation of Indian Alcoholic Beverage Companies (CIABC) has urged the government to gradually reduce import duties on liquor products under the proposed India-EU free trade agreement (FTA). They propose cutting customs duties on bottled wines and spirits from 150% to 100% immediately, then to 50% over 10 years, with bulk spirits duties dropping from 150% to 75% immediately and 25% in a decade.

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Doing More With Less: The Modern Finance Miracle

Speaker: Mark Gilham, FCCA, CPP

Finance used to be the function that counted, now it's the one that’s counted on. 📊 For accounting firms, controllers, and finance leaders, expectations are rising faster than headcount. Businesses want agile forecasts, granular analysis, seamless reporting, and smart automation—often without added resources while demanding uncompromised accuracy and compliance.