long term – Save Western OH http://savewesternoh.org/ Wed, 19 Jan 2022 19:03:35 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://savewesternoh.org/wp-content/uploads/2021/08/cropped-icon-32x32.png long term – Save Western OH http://savewesternoh.org/ 32 32 8th National E-Summit on Non-Bank Financial Companies and Infrastructure Finance https://savewesternoh.org/8th-national-e-summit-on-non-bank-financial-companies-and-infrastructure-finance/ Tue, 21 Dec 2021 08:00:00 +0000 https://savewesternoh.org/8th-national-e-summit-on-non-bank-financial-companies-and-infrastructure-finance/ 8th National E-Summit on Non-Bank Financial Companies and Infrastructure Finance The 8th National Electronic Summit on Non-Banking Financial Companies and Infrastructure Financing will be organized by ASSOCHAM on December 23, 2021 in virtual mode. Non-Banking Financial Companies (NBFCs) play a crucial role in the economy as they provide credit to Micro, Small and Medium Enterprises […]]]>
8th National E-Summit on Non-Bank Financial Companies and Infrastructure Finance

The 8th National Electronic Summit on Non-Banking Financial Companies and Infrastructure Financing will be organized by ASSOCHAM on December 23, 2021 in virtual mode. Non-Banking Financial Companies (NBFCs) play a crucial role in the economy as they provide credit to Micro, Small and Medium Enterprises (MSMEs).

Why participate?

  • NBFCs also provide credit to consumers and others in the unorganized sector in an organized and systematic manner. As specialized financial institutions, they have unique assessment methods and better coordination and collection mechanism to deal with customers, unlike banks.

  • Infrastructure is a catalyst for growth and the way forward for infrastructure finance in India looks promising despite the macroeconomic headwinds. India’s ambition to maintain its relatively high growth depends on one important factor: infrastructure. Several alternatives and avenues of long-term financing are explored in addition to traditional sources.

  • Keeping these imperatives in mind, the Department of Banking and Financial Services of ASSOCHAM is organizing the 8th National Summit of Non-Banking Financial Companies & Infrastructure Financing of ASSOCHAM “Transforming the financial lending landscape”.

  • The result of this effort will be an increase in confidence, affordability and accessibility in the financial lending industry and market. The main guests of the event are Shri Jayant Sinha; Honorable Member, Parliament and Chairman, Parliamentary Standing Committee on Finance and Special Speech will be delivered by Shri S Raman, CMD, Small Industries Development Bank of India, Shri Ajit Pai; Distinguished Expert in Economics and Finance, NITI Aayog, Shri Ashok Soni; Executive Director, Pension Funds Regulatory and Development Authority

For further details, please contact:

Event name:8th National E-Summit on Non-Bank Financial Companies and Infrastructure Finance
Website: https://www.assocham.org/
Dated: December 21, 2021

ASSOCHAM

Address: 4th Floor, YMCA Cultural Center and Library,
01, Jai Singh Road, New Delhi – 110001
Mobile:
08447365357
E-mail: Kushagra.joshi@assocham.com

Registration link:
https://bit.ly/3e5tt8k

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Housing finance companies: HFCs urge RBI to remove strict asset classification guidelines https://savewesternoh.org/housing-finance-companies-hfcs-urge-rbi-to-remove-strict-asset-classification-guidelines/ Thu, 02 Dec 2021 08:00:00 +0000 https://savewesternoh.org/housing-finance-companies-hfcs-urge-rbi-to-remove-strict-asset-classification-guidelines/ [ad_1] Mumbai: The Association of Housing Finance Companies (HFC), the umbrella body for all mortgage lenders, called on Reserve Bank of India Governor Shaktikanta Das and National Housing Bank to remove strict asset classification guidelines recently announced. In a two-page letter, HFCs said the new rules would force a borderline borrower to slip into the […]]]>


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Mumbai: The Association of Housing Finance Companies (HFC), the umbrella body for all mortgage lenders, called on Reserve Bank of India Governor Shaktikanta Das and National Housing Bank to remove strict asset classification guidelines recently announced.

In a two-page letter, HFCs said the new rules would force a borderline borrower to slip into the NPA category, ending payments altogether. Under the new RBI rules, loan accounts can only be upgraded to the NPA “standard” if all interest and principal arrears are paid by the borrower.

“Once a borrower is actually in default of more than 3 IMEs, it is very difficult for them to pay all the overdue IMEs at once and update the account,” HFC said in the letter. “In our experience, borderline borrowers go out of their way to pay for an IME, if only to avoid being classified as an NPA.

HFCs said the new rules would put additional pressure on their capital and lead to higher refinancing costs.

“Even with monthly cash flow and improved loan-to-value ratios, the financial system will end up showing higher NPA levels in an artificial and avoidable way, which will put increased pressure on lender capital,” said mortgage lenders. “All refinancing institutions will ask for more margins to cover the refinancing or ask us to exclude the APN and loans owed from the portfolio offered as collateral, even if the account is mobile.”

Lenders have also argued that since these overdue borrowers will need to be reported to credit reporting bureaus as NPAs, this will cripple them, forcing the borrower into long-term default.

Currently, all 90 Day Past Due Loans (DPDs) should be treated as NPAs. If the borrower brings their loan account below 90 DPD status, non-bank lenders treat the account as a standard asset even though the account may still have past due IMEs. The new RBI rules require NBFCs to treat these accounts as NPAs until the borrower updates the account to pay any IMEs owed.

The banking industry follows an automated system of marking accounts as NPA, under which accounts are marked as NPA on the day the account becomes more than 90 days past due. However, in many NBFCs this ranking is done after the 90 or 180 days have passed.

In general, many non-bank lenders improve NPAs because overdue accounts are reduced to less than 90 days, while banks don’t upgrade an NPA until all overdue amounts are collected. With these changes, standards have become largely congruent between banks and NBFCs.

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Finance companies need to strengthen the financial literacy of their clients https://savewesternoh.org/finance-companies-need-to-strengthen-the-financial-literacy-of-their-clients/ Wed, 17 Nov 2021 05:00:39 +0000 https://savewesternoh.org/finance-companies-need-to-strengthen-the-financial-literacy-of-their-clients/ [ad_1] Financial illiteracy is by no means a new problem. But the Covid-19 pandemic has exacerbated and exposed vulnerabilities and inequalities within our society, including the large gap between those who know how to manage their finances and those who struggle to do so. If no collective action is taken by the public and private […]]]>


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Financial illiteracy is by no means a new problem. But the Covid-19 pandemic has exacerbated and exposed vulnerabilities and inequalities within our society, including the large gap between those who know how to manage their finances and those who struggle to do so.

If no collective action is taken by the public and private sectors to bridge these gaps, we will see even more widespread systemic inequalities in Britain and elsewhere.

The pandemic has revealed a harsh truth to many; that access to financial education and the security it offers around the world has been precarious for many years.

In February 2020 – before the pandemic took hold in the UK – the country’s Financial Conduct Authority found that 57% of adults polled in a survey felt nervous, overwhelmed or stressed when talking to financial service providers, or struggled to find appropriate funding. products or services. Some 37 percent found it difficult to rate financial products or found it difficult to shop.

June Felix, Global Managing Director, IG Group: “People need the right tools to be able to understand the opportunities and risks to manage their money and make their money work for them”

Several factors have contributed to this disturbing trend. They include the upheavals in the financing of pensions, following the switch from defined benefit (DB) pension plans to defined contribution (DC) plans.

These are made worse by changes in spending habits, as people move away from cash in favor of short and long term credit products. Meanwhile, the number of savings and investment choices continues to increase, with options ranging from the simplest to the most complex.

Simply put, as the individual’s demands for making critical financial decisions have increased (and show no signs of stopping), supportive financial education to inform that decision-making has not followed suit. rhythm.

As a leader in the financial services industry, I have seen these changes occur as the global financial environment transforms at breakneck speed, underpinned by the rapid acceleration in the use of technology.

For millennials and millennials, retirement will seem like a distant prospect, but the truth is, many are unprepared for it. Planning for retirement has completely shifted from the responsibility of employers and governments to that of the individual.

According to the Pensions Policy Institute, a leading retirement research organization, DB plan closures have resulted in a decrease in the number of private sector employees covered by DB plans. The number of active members covered by defined benefit plans increased from 3.5 million in 2006 to around 1 million in 2020.

Closing these DB plans in favor of defined contribution plans places the responsibility for long-term investment planning on those who are not currently prepared to manage these long-tail risks.

FT campaign on financial literacy and inclusion

The FT invites readers to join the FT FLIC campaign to promote financial literacy in the UK and globally

As the way we work evolves, people are increasingly exposed to ‘lack of retirement savings opportunities’, with jobs in the odd-job economy and zero-hour contracts generally not offering. no retirement benefits. Likewise, most people now change jobs several times in their lifetime – a trend that does not create natural opportunities to save regularly for retirement.

As the responsibility for retirement planning has shifted largely to individuals, a prolonged environment of low interest rates has simultaneously eroded people’s savings. This prompted them to take a more active look at their finances as a whole.

While investors today have more choices than ever before, driven largely by globalization and technological advancements, people need the right tools to be able to understand the opportunities and risks to manage their money and put their money to work. money for them.

Private and public sector organizations must act.

The Chinese have an old saying for the crisis: be aware of the danger but recognize the opportunity. As I contemplate the world we live in today, this truth makes sense to me when I consider my education and the responsibility I have as a leader in financial services. Although statistics show the lack of widespread financial literacy, there is an excellent opportunity for the public and private sectors to help raise levels of collective financial literacy.

Support for improving financial literacy requires a dual approach. First, companies that offer financial products must also provide transparent educational materials to help clients make more informed financial decisions.

The journey to competent financial literacy should be presented as an essential element of customer service and embedded in the culture of the company. Whatever products or services are offered, companies need to think about how those offers will be received in the market and who will use them.

FT Cop

Financial literacy education provides young people with the foundation for future prosperity and can help economically disadvantaged people escape poverty. Join the FT Flic campaign to promote financial literacy in the UK and globally

Donate to the Financial Literacy and Inclusion Campaign Here

In addition, organizations must integrate financial literacy into their ESG (environment, social and governance) strategy. Resources should be allocated to independent programs that support financial literacy at all stages of life, from youth to adulthood.

My passion for education, influenced by my childhood as a Chinese American, was a catalyst for me to personally become a founding donor of the Financial Times Financial Literacy Inclusion Campaign.

Working at a publicly traded company, my colleagues and I discussed how to evolve our ESG strategy to address social issues, with the aim of increasing resources for independent and education-focused programs.

As an example, IG Group has an existing partnership with Teach For All, an international non-profit organization that seeks to improve grassroots education. Here in the UK, we also partner with Teach First, providing the organization with funds and access to our people and their knowledge of the financial markets. These programs are just the start, as we evolve to directly support more financial literacy programs in the months to come.

At the same time, we have created a variety of online educational resources for our clientele ranging from technical education to macro market analysis for people at different stages of their investing knowledge.

We also take steps to ensure they have a level of understanding of financial products before using the more sophisticated products on our platform. It should be recognized that some products carry more risk than others. The crucial issue is to ensure that potential investors are properly informed before they begin their foray into online trading.

We recognize the need to be collaborative. The private sector must work together and strengthen the efforts of public sector organizations to advance financial literacy.

Not all products on the market will suit everyone. However, enabling people to make choices based on a solid foundation of education will make a huge difference in improving the overall financial health, not only of individuals but of society as a whole.

Technological innovation and the investment landscape will continue to evolve at a rapid pace. Giving people the knowledge they need to take advantage of these changes has the potential to be transformational.

June Felix is ​​Global Managing Director of the IG Group

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New Zealand financial firms must report and act on climate change in world first https://savewesternoh.org/new-zealand-financial-firms-must-report-and-act-on-climate-change-in-world-first/ Mon, 25 Oct 2021 07:00:00 +0000 https://savewesternoh.org/new-zealand-financial-firms-must-report-and-act-on-climate-change-in-world-first/ [ad_1] New Zealand became the first country in the world to impose mandatory climate reporting for its financial sector, a move according to experts that will ensure that the adverse effects of climate change are regularly seen in businesses and ultimately help accelerate business cases. emission reductions. The new law will apply to nearly 200 […]]]>


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New Zealand became the first country in the world to impose mandatory climate reporting for its financial sector, a move according to experts that will ensure that the adverse effects of climate change are regularly seen in businesses and ultimately help accelerate business cases. emission reductions.

The new law will apply to nearly 200 of New Zealand’s largest insurers, banks, listed companies and investment managers.

Large foreign banks, including the four central banks in neighboring Australia, will also be affected.

Trade and Consumer Affairs Minister David Clark said the law was a step forward in securing a green future for New Zealand.

“It’s important that every part of New Zealand’s economy helps us reduce emissions,” Clark said in April when the legislation was first introduced, before being adopted on October 21. “Financial services and markets play an important role in New Zealand’s transition to a clean, green and carbon neutral future.”

As a rule, most financial institutions do not disclose to the outside the impact of their investments on the environment.

By making it mandatory to disclose information on “the risks and opportunities that climate change presents to their business,” Climate Change Minister James Shaw said. entities will be pushed to be more sustainable by “taking into account the short, medium and long term effects of climate change” in their business decisions.

The first disclosures are expected to be made in 2023.

The world’s first climate reporting legislation is part of New Zealand’s comprehensive climate policy, alongside demands for the public sector to be carbon neutral by 2025 and the entire nation to stay below 1.5 degrees of global warming above pre-industrial levels.

New Zealand also has its goal of net zero emissions by 2050 enriched in law.

While the new legislation has been well received, activists say the nation is still not doing enough. Methane from agriculture and waste, which accounts for more than 40% of New Zealand’s emissions, is excluded from zero emission target, leading research group Climate action monitoring assess the nation “very insufficient” climate policy.

Similar climate-related information for financial institutions can be found in Switzerland, France and United Kingdom.


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New Zealand Becomes First Country To Force Financial Firms To Act On Climate Risks | New Zealand https://savewesternoh.org/new-zealand-becomes-first-country-to-force-financial-firms-to-act-on-climate-risks-new-zealand/ Thu, 21 Oct 2021 07:00:00 +0000 https://savewesternoh.org/new-zealand-becomes-first-country-to-force-financial-firms-to-act-on-climate-risks-new-zealand/ [ad_1] New Zealand became the first country in the world to pass a law requiring financial institutions to disclose and, according to the government, act on climate-related risks and opportunities. “We have the opportunity to pave the way for other countries to make climate-related disclosures mandatory,” Climate Change Minister James Shaw said. “New Zealand is […]]]>


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New Zealand became the first country in the world to pass a law requiring financial institutions to disclose and, according to the government, act on climate-related risks and opportunities.

“We have the opportunity to pave the way for other countries to make climate-related disclosures mandatory,” Climate Change Minister James Shaw said. “New Zealand is a world leader in this area and the first country in the world to introduce mandatory climate reporting for the financial sector. “

The new rules will apply to large insurers, banks, publicly traded companies, listed issuers and investment managers. At present, most of these large New Zealand entities provide little information on what the climate crisis and global warming could mean for their future operations. By forcing them to disclose this, the law hopes to ensure that the effects of the climate crisis are consistently factored into business, investment, lending, and insurance underwriting decisions.

“Climate-related disclosures will place climate risk and resilience at the heart of financial and business decision-making,” Shaw said. “This will encourage entities to become more sustainable by factoring in the short, medium and long term effects of climate change in their business decisions. “

“This bill will require around 200 of New Zealand’s largest financial market players to disclose clear, comparable and consistent information about the risks and opportunities that climate change presents to their businesses. In doing so, it will promote business certainty, raise expectations, accelerate progress and create a level playing field, ”Trade and Consumer Affairs Minister David Clark said in a statement following the adoption of the draft. law in third reading Thursday.

James Shaw said the legislation was one of many steps the government has taken to meet its 2050 emissions targets required by the 2002 Climate Change Response Act. New Zealand has so far been very poor in meeting its climate targets.

The country is one of the worst in the world on emissions increases. Its emissions increased by 57% between 1990 and 2018, the second highest increase of any industrialized country. Earlier this year, data showed New Zealand’s emissions increased by 2% in 2018-19.

While a number of countries introduce similar legislation or regulations, officials said New Zealand’s law was the first to require companies in the financial system to report their climate exposure to investors. In June, France sets new goals which will require investors to declare how green their assets are and set greenhouse gas emissions targets every five years from 2021 – and was the first major economy to make the rules binding. Similar rules are in the works in the UK and are expected to come into effect in 2025.

When Shaw first asked for the bill last year, he said that “Australia, Canada, [the] The UK, France, Japan and the European Union are all working on some form of climate risk reporting for businesses … But New Zealand is moving forward by making climate risk disclosure mandatory in the whole financial system.

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Head of Finance https://savewesternoh.org/head-of-finance/ https://savewesternoh.org/head-of-finance/#respond Thu, 14 Oct 2021 21:15:50 +0000 https://savewesternoh.org/head-of-finance/ [ad_1] job description CFO job descriptionAll Prospect Ridge Academy employees work together to create academic, social and ethical leaders. Every Prospect Ridge Academy employee is expected to provide exceptional customer service skills to our students, parents, and PRA community. Prospect Ridge Academy is a dynamic school, subject to changing work environments, the adaptation of new […]]]>


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job description

CFO job description
All Prospect Ridge Academy employees work together to create academic, social and ethical leaders. Every Prospect Ridge Academy employee is expected to provide exceptional customer service skills to our students, parents, and PRA community. Prospect Ridge Academy is a dynamic school, subject to changing work environments, the adaptation of new educational principles and values, and an evolving culture. Adaptability to change is essential. This job description is an overview of the duties and is not an exhaustive list of all the duties and tasks performed.

The financial director is responsible for maintaining the school’s financial records. This position will accomplish these duties while working with staff to achieve the goals outlined in the mission statements of Prospect Ridge Academy.

The financial manager is responsible for:

Financial direction

In partnership with the Finance and Sales Director:

  • Manage month-end closing, journal entries and general accounting processes
  • Manage the audit process and other compliance issues
  • Oversee day-to-day financial operations and processes, including management of the acquisition card program
  • Develop and manage internal and external financial reports
  • Assistance in the preparation of the annual budget

Pay
Supervise and process payroll, including:

  • Collect and verify all timesheets, including replacements and hourly employees
  • Maintain changes and corrections to employee tax deductions and banking options.
  • Verify that the salaries and account codes are correct
  • Reconcile, balance all medical, dental, visual and retirement withdrawals.
  • Enter and maintain wage garnishments for employees
  • Make payments for various general payroll deductions taken from paychecks
  • Create and submit monthly, quarterly and annual payroll reports to PERA, IRS, Colorado State, Unemployment, W4 and W2

System data integrity

  • Work with the sales and finance team to ensure that proper segregation of duties is maintained in the financial and HR systems
  • Work in partnership with the HR manager to ensure all employee data is correct


Other assigned tasks

  • Supervise the financial assistant
  • Attend finance committee meetings
  • Provide internal and external customer support; respond to inquiries and provide requested information

Terms & Conditions

  • Bachelor’s degree in accounting, finance or related field
  • Previous finance experience required, preferably in an educational or non-profit setting
  • Proficiency in the use of Microsoft Excel
  • Experience in accounting software
  • Excellent attention to detail
  • Ingenious for generating creative solutions to problems

Hiring range

$ 55,968 – $ 62,964 a year

Advantages

  • Prospect Ridge Academy also offers a total compensation package including:
  • MEDICAL: There are three options for medical coverage.
  • DENTAL: Dental insurance is provided by Delta Dental of Colorado.
  • Vision: Vision insurance is provided by VSP.
  • LIFE / AD & D: You receive 1x your annual salary as group term life insurance through Lincoln Financial Group.
  • STD / LTD: PRA pays the full cost of short and long term disability benefits.
  • PERA: Administered by Colorado PERA, this is a tax-deferred retirement account to which you contribute 10% of your monthly income. In addition, PRA contributes 20.9% to the PERA pension fund on your behalf.

How to register

To apply, please click on this link to be directed to the ad or navigate to our website and find all of our vacancies under “About” -> “Job Opportunities”


Offices: Colorado. Job categories: Full time. Types of employment: Finance. Job Tags: accounting, budget, finance and payroll. Salaries: 60,000 – 80,000.

The job expires in 30 days.

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Banks and finance companies will offer attractive interest rates on home loans and other financial loans https://savewesternoh.org/banks-and-finance-companies-will-offer-attractive-interest-rates-on-home-loans-and-other-financial-loans/ https://savewesternoh.org/banks-and-finance-companies-will-offer-attractive-interest-rates-on-home-loans-and-other-financial-loans/#respond Wed, 06 Oct 2021 09:37:00 +0000 https://savewesternoh.org/banks-and-finance-companies-will-offer-attractive-interest-rates-on-home-loans-and-other-financial-loans/ [ad_1] New Delhi [India], October 6 (ANI / ATK): To ease your home loan journey, banking and finance companies have started offering attractive interest rates on home loans in India. Companies offer home loans to help individuals buy new home or to ease their financial burden. Across the country, people can opt for these services […]]]>


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New Delhi [India], October 6 (ANI / ATK): To ease your home loan journey, banking and finance companies have started offering attractive interest rates on home loans in India.

Companies offer home loans to help individuals buy new home or to ease their financial burden.

Across the country, people can opt for these services to manage their finances and obtain greater benefits. With easy monthly payments and the ability to choose the repayment term as per your convenience, banks help make your dream of buying a home come true.

Point must be taken into account for a mortgage1. Simple process: Choose a finance company that offers a straightforward documentation process. For the approval of home loans, you will only need minimum documents including KYC or proof of income.

2. Flexible repayment term: Don’t let the term “home loan” mislead you. It offers you to repay the advances over the long term. With the help of EMI Calculator, you can choose the duration according to your repayment capacity.

3. Pradhan Mantri Awas Yojana (PMAY): This4. Effortless Refinancing: It offers ease of home loan transfer. This facility allows you to refinance your existing home loan at a reduced interest rate.

5. High value complementary loan: beyond the value of the loan, there is a balance transfer facility. It is accompanied by an additional loan facility. You can avail up to Rs50 lakes which can be used to meet other financing needs.

Additional Facilities Offered By Home Loan Providers Other services offered to meet your housing needs are listed below: 1. Real Estate File Services: Legal and financial aspects of home ownership are covered. by the real estate file service. It is personalized according to your own needs.

2. Personalized insurance plan: In the event of the unforeseen, it offers an insurance plan to protect your family from repayment of the mortgage.

3. Easy access to account management: The online customer portal, Experia, offers account management at your fingertips.

This story is provided by ATK. ANI will not be responsible for the content of this article in any way. (ANI / ATK)

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Affordable Housing Finance Companies Pay the Price of Covid: ICRA https://savewesternoh.org/affordable-housing-finance-companies-pay-the-price-of-covid-icra/ https://savewesternoh.org/affordable-housing-finance-companies-pay-the-price-of-covid-icra/#respond Wed, 06 Oct 2021 07:00:00 +0000 https://savewesternoh.org/affordable-housing-finance-companies-pay-the-price-of-covid-icra/ [ad_1] Affordable housing finance companies that had experienced significantly higher growth than the entire housing finance industry in the past experienced a moderation in growth as a result of the challenges brought about by Covid-19 in the housing environment. ‘exploitation, the rating agency said in its latest report. The growth of the loan portfolio of […]]]>


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Affordable housing finance companies that had experienced significantly higher growth than the entire housing finance industry in the past experienced a moderation in growth as a result of the challenges brought about by Covid-19 in the housing environment. ‘exploitation, the rating agency said in its latest report.

The growth of the loan portfolio of these companies moderated to 10% over one year at the end of the March 2021 quarter due to confinements following wave 2 of the Covid; while the portfolio remained stable at June 30, 2021 compared to March 31, 2021.

“With some improvement in operating environment conditions, demand is expected to accelerate in the following quarters and loan growth could reach 12-15% for fiscal 2022,” said Manushree Saggar, vice -President and Head of Sector – Financial Sector Ratings, ICRA.

The national rating agency noted that with tighter lockdowns in various states during the June quarter, the collections of these affordable housing finance companies were affected. The impact was more visible because unlike the moratorium and a standstill clause on asset classification that were available earlier, there were no such exemptions this time around.

To put this in perspective, the 30-day delay for some of these companies has dropped to 7.2% as of June 30, 2021, compared to 3.2% estimated as of March 31, 2021.

In total, reported gross bad debts (excluding player data) amounted to 2.1% as of June 30, 2021.

“With a steady improvement in collection efficiency since June 2021, the forward movement of the compartment is likely to be contained for most players, although resolution / cancellations may take longer as it it would be difficult for borrowers from these AHFCs to clear multiple payments at the same time, “said Saggar.

The ICRA expects gross bad debt to be between 3.6 and 3.9 percent by the end of March 2022, up from 3.3 percent as of March 31, 2021.

The agency noted that the liquidity profile of these entities should remain comfortable, supported by the significant balance sheet liquidity maintained by these players. At the same time, the availability of lines of finance would be imperative for growth, he said.

“In the long term, the ability to further improve operational efficiency and control credit costs would be imperative to improve performance metrics,” said Saggar.

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Live News Updates: IT, finance companies most ESG compliant in India; Infosys tops Crisil rankings https://savewesternoh.org/live-news-updates-it-finance-companies-most-esg-compliant-in-india-infosys-tops-crisil-rankings/ https://savewesternoh.org/live-news-updates-it-finance-companies-most-esg-compliant-in-india-infosys-tops-crisil-rankings/#respond Mon, 04 Oct 2021 17:44:35 +0000 https://savewesternoh.org/?p=227 [ad_1] Information technology and financial services players are the most environmental, Social, and governance (ESG) compliant companies in the country, and second-largest software exporter Infosys scoring the highest on the key metric, as per scores prepared by Crisil. Companies in oil and gas, chemicals, metals and mining, and cement companies have lower ESG scores, reflecting […]]]>


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Information technology and financial services players are the most environmental, Social, and governance (ESG) compliant companies in the country, and second-largest software exporter Infosys scoring the highest on the key metric, as per scores prepared by Crisil. Companies in oil and gas, chemicals, metals and mining, and cement companies have lower ESG scores, reflecting high natural-resource intensity, and thereby higher emission levels, extractive use of natural resources, potential adverse environmental and community impact, and generally more moderate levels of disclosure, it said.

!1 New UpdateClick here for latest updates

Twitter removes distorted map displaying J&K, Ladakh outside India

After drawing flak over displaying a distorted map of India that showed Jammu and Kashmir and Ladakh as separate country, Twitter has now removed the wrong map. The glaring distortion, which appeared on the career section of Twitter website under the header ‘Tweep Life’, had triggered a heavy backlash from netizens on Monday as they demanded strict action against the microblogging platform that has flouted various rules on multiple occasions in the past.#TwitterBan was trending on Twitter with almost 17,000 tweets. This is not the first time that Twitter has misrepresented India’s map. Earlier, it had shown Leh as part of China. The global map, which grossly misrepresented India’s boundaries, was removed on late Monday evening by Twitter following social media outrage.

India, US alliance most consequential of the 21st century, says Congressman

The relationship between India and the United States is the most consequential one of the 21st century, an influential American lawmaker said on Monday. “I believe the US-India alliance is the most consequential of the 21st century, which is why I’m proud to serve as Vice Chair of the US-India Caucus in the House,” Congressman Mike Waltz said in a tweet. Congressman Waltz is the Vice Chair of the Congressional caucus on India and Indian Americans. This is one of the largest country specific caucuses in the House of Representatives.

Third India-Bhutan Development Cooperation Talks were held today in a virtual mode. Govt of India has committed Rs 4500 crore for implementation of development projects & Rs. 400 crores for transitional Trade Support Facility during Bhutan’s 12th Five Year Plan (2018 – 2023): MEA

Airtel adds more spectrum in UP East to boost network capacity, data speed

Telecom operator Bharti Airtel on Monday said it has added another 28.2 megahertz spectrum to boost network capacity for high-speed data services and it is even ready for 5G technology. With this addition, Airtel claims to have the largest spectrum bank of 72.2 MHz in Uttar Pradesh (East) and is well positioned to serve the booming demand for data services.

Third seed Tsitsipas knocked out of Wimbledon in first round

Third seed Stefanos Tsitsipas became the first big name to exit Wimbledon on the first day of play Moday, losing 6-4, 6-4, 6-3 to Frances Tiafoe of the United States. It was quite a contrast in fortunes for the Greek who only a fortnight ago lost in five sets to Novak Djokovic in the French Open final.

During an operation between Pirtanr and Khukhra in Jharkhand today, troops detected an IED weighing about 10 kg and having a command mechanism in the forest area of village Bnadh. The recovered IED was demolished in situ by the troops: PRO, CRPF

In the meeting, it was unanimously decided to request Congress President Sonia Gandhi to decide the new Congress Legislature Party (CLP) Leader for the State: Devender Yadav, Congress Incharge, Uttarakhand

Uttarakhand High Court stays state Cabinet’s decision permitting Char Dham Yatra with limited number of pilgrims. The court has also ordered live streaming of Char Dham shrines. Next hearing on July 7.

Death toll in Florida building collapse rises to 10, 151 unaccounted for: Official

Reports AFP

DU admissions: Registrations for entrance-based, PG courses likely to start from 3rd week of July

The Delhi University is likely to begin registrations for admission to entrance test-based and postgraduate courses in the third week of July, at least a week prior to starting the process for the remaining merit-based undergraduate courses, a senior official said on Monday. The Supreme Court had on June 24 directed all state boards to declare the internal assessment results of Class 12 by July 31 and gave them 10 days to formulate and notify their evaluation schemes.

From PM Modi to his predecessors, all of them worked to improve relations with neighbours. Atal Ji (former PM Atal Bihari Vajpayee) in fact, once said, “Friends can change, not neighbours”

– Defence Minister Rajnath Singh in Leh

Special court denies bail to ex-IL&FS chairman Ravi Parthasarathy

A special court has denied bail to Ravi Parthasarathy, former Chairman of the bankrupt Infrastructure Leasing and Financial Services (IL&FS) and arrested by the Economic Offences Wing of state police, for allegedly defrauding investors to the tune of Rs 200 crore. Parthasarathy was refused bail recently by the Special Court constituted under the Tamil Nadu Protection of Interest of Depositors (in Financial Establishment) Act.

The bold measures announced by the Finance Minister strengthens India’s engagement with the world. Our Embassies will work proactively to expand tourist flows, utilizing free tourist visas and other supportive measures

– External Affairs Minister S Jaishankar

Healthcare industry captains on stimulus measures

  • Welcoming the announcement, Apollo Hospitals Group Chairman Prathap C Reddy said the announcement by the Finance Minister towards the support given to the healthcare sector is encouraging and augurs well for a quick recovery of India’s economy.
  • Healthcare industry body NATHEALTH President Harsh Mahajan said, “The pin-point focus on augmenting manpower and infrastructural resources for pediatric care is a welcome step and a new beginning.”
  • Welcoming the announcement, Max Ventilator CEO and Founder Ashok Patel said that the finance minister has announced Rs 50,000 crore for the health sector alone implies the centrality that the sector holds at the highest levels of the government.

Kerala gets 14% more NRI deposits at Rs 2.27 lakh crore in 2020

Bank deposits by non-resident Keralites rose 14 per cent to Rs 2.27 lakh crore in the pandemic-hit 2020, proving wrong the prediction that the state was in for a big trouble as over 12 lakh of them had returned to the state last year. According to the World Bank data, the country received USD 83 billion in remittances in 2020, down just 0.2 per cent from USD 83.3 billion in 2019. The Bank also said Kerala saw USD 267 drop in monthly remittances per NRI, without quantifying it, though. Yet this was a massive improvement from the widespread fears the planners in the state had at about 25 per cent plunge.

Two CRPF personnel, including officer, injured during encounter between security forces and militants in Parimpora area of Srinagar: Officials

Punjab DGP Dinkar Gupta today held a high-level meeting to review the recent drone movements and threats posed by them, in view of the IED explosion at the Air Force base in Jammu. Police chiefs have been directed to also identify drug hotspots and arrest drug smugglers.

Reports ANI

Stimulus package for tourism industry: Here’s what experts say

  • Tourism secretary Arvind Singh said the tourism ministry was in touch with both the industry and the finance ministry and called the measures ‘welcome steps.’
  • Rajeev Kohli, the joint managing director of Creative Travel that specialises in inbound travel said the measures were a bit like ‘smoke and mirrors.’
  • “The finance minister has fulfilled her obligation of mentioning tourism but there was little substance. For an industry that once accounted for such a huge portion of the Indian GDP and employment, the government felt about Rs 300 crore was sufficient to resolve 18 months of damage. Rs 10 lakh loans will be helpful for some of the smallest players for sure, but will not go far for the majority,” said Kohli.
  • Madhavan Menon, managing director at Thomas Cook India said the measures augur well for the tourism industry and will help build consumer confidence in travel.
  • MP Bezbaruah, secretary general at Hotel Association of India (HAI) said the finance minister’s announcement on free visas has a very strong symbolic message that the country has the confidence to welcome visitors and that tourism and hospitality is a strong pillar of the post-Covid economic recovery strategy.

Indian Olympic Association (IOA) accepts SRL Diagnostics’ offer to partner as ‘Lab Diagnostics Partner’ to provide services to Indian athletes and officials attending the 2020 Tokyo Olympic Games and 2024 Paris Olympic Games.

Stimulus package: Foxconn on PLI scheme extension for electronics

“We are delighted that the PLI scheme change in the base year has been extended by the Government of India in the light of a challenging year for all companies due to the pandemic situation. This thoughtful change will help us to accelerate our business and thereby achieve the qualifying revenue under the PLI Scheme,” said Josh Foulger, Country Head and Managing Director, Rising Stars Mobile (A Foxconn Technology Group Company).

Chinese EV battery maker CATL extends deal with Tesla

Chinese electric vehicle battery maker CATL said on Monday it has extended a battery supply deal with U.S. EV maker Tesla Inc to 2025. Ningde-based CATL said in a stock exchange filing that it would supply battery cells to Tesla, which is making Model 3 sedans and Model Y sport-utility vehicles in Shanghai, until December 2025.

Appointments Committee approves extension in the term of re-employment of Umesh Sinha as Deputy Election Commissioner, Election Commission of India, on contract basis for a further period of one year i.e. up to June 30, 2022, or until further notice: Govt of India

PM hails stimulus package

ASSOCHAM on Rs 6.29 lakh crore stimulus package

”Monetary expansion of the Emergency Credit Line Guarantee Scheme (ECLGS) by Rs 1.50 lakh crore, as sought by ASSOCHAM through various presentations to the government, would provide immediate relief to the MSMEs which require immediate working capital with unlocking of the economy in several states,” ASSOCHAM secretary general Mr Deepak Sood said in a media release issued by the chamber.

FHRAI requests food safety regulator FSSAI to extend deadline for implementing new rules

  • The Federation of Hotel & Restaurant Associations of India (FHRAI) on Monday said it has made a representation to food safety regulator FSSAI to extend the deadline for mentioning FSSAI License number on bills given by food business operators.
  • The Food Safety and Standard Authority of India (FSSAI) has mandated Food Business Operators (FBOs) to mention FSSAI license or registration number on cash receipts or purchase invoice with effect from October 1 this year. FHRAI said that it is in favour of the FSSAI’s latest order.

Your Governor has not been charge sheeted. There is no such document. This is misinformation. I didn’t expect this from a senior politician. I have not taken stay from any Court in hawala charge sheet because there was none

– West Bengal Governor Jagdeep Dhankhar

More than 300 drone sightings post Aug, 2019 along Pakistan border: Agencies

  • Over 300 drones and unidentified flying objects have been sighted along the sensitive border with Pakistan post the 2019 abrogation of Article 370, central security agencies have said, even as they grapple to find a suitable technology to check these lethal sky-floaters.
  • A multitude of border security agencies have also been testing some indigenously-built counter-drone technologies in the rough jungle terrains, desert and marshes along the western front but have had little success till date, officials told PTI Monday.

Delhi Govt

Delhi Airport Customs has arrested two South African pax(s) for smuggling 18 kg white powder substance suspected to be Heroin (worth Rs 126 crores approx) concealed inside trolley bags. The two had arrived from Johannesburg via Doha on June 26.

Reports ANI

Goa CM, state BJP chief hail Centre’s tourism stimulus package

  • Goa Chief Minister Pramod Sawant and state BJP chief Sadanand Shet Tanavade on Monday welcomed Union Finance Minister Nirmala Sitharaman’s stimulus package for the tourism sector amid the COVID-19 outbreak.
  • The stimulus package includes five lakh free tourist visas, financial support to 11,000 registered tourist guides, travel and tourism stakeholders, providing working capital or personal loans to people in the tourism sector to discharge liabilities or restart businesses impacted due to Covid-19, among other benefits.

In Pics: Defence Minister Rajnath Singh inaugurates library at Thiksay Monastery in Ladakh

Foreign Secretary Shringla to address UNSC debate on children and armed conflict

  • Foreign Secretary Harsh Vardhan Shringla will address the United Nations Security Council (UNSC) high-level open debate on children and armed conflict on Monday evening through video conferencing.
  • According to the office of the Special Representative of the Secretary-General for Children and Armed Conflict, the open debate will consider the findings of the annual report of the Secretary-General on children and armed conflict.
  • It will also be an opportunity to focus on issues related to the implementation of the children and armed conflict agenda, including the mid-and long-term impact of the COVID-19 pandemic on the protection of children in conflict as well as the importance of a gender perspective in child protection, considering the specific risks faced by girls in armed conflict.

Handset PLI timeline extension: What experts say

  • “This extension would not only support the Government’s efforts to establish India as an integral part of the Global Value Chain (GVC) in the electronics sector, it will also support developing Indian Champion companies to tap the Global as well as Indian markets through the PLI,” Pankaj Mohindroo Chairman, India Cellular and Electronics Association (ICEA) said.
  • Sunil Vachani, executive chairman, Dixon Technologies called it a ‘timely’ announcement, “which not only serves the PLI companies but also boosts the confidence of many others who are keen on investing in the Indian manufacturing space,” said Sunil Vachani, executive chairman, Dixon Technologies.

Rupee ends flat at 74.19 per US dollar

The rupee inched up 1 paisa to settle at 74.19 against the US dollar on Monday amid firm crude oil prices and a lacklustre trend in domestic equities. At the interbank foreign exchange market, the rupee opened at 74.24 per dollar as against its previous close of 74.20. It hovered in a range of 74.18 to 74.27 during the day, before ending at 74.19 against the greenback.

PM has decided to release postal stamps in his (PV Narasimha Rao) memory in the presence of eminent people from Andhra Pradesh & Telangana

– MoS (Home) G Kishan Reddy

Punjab Congress leader Navjot Singh Sidhu to meet Rahul Gandhi in Delhi tomorrow.

Reports ANI

Handset PLI timeline extension: What expert says

“With this decision, the government will not only achieve all the objectives of industry building, job creation, and GDP growth, but the even bigger one is, that we have announced to the whole world that the government is there to support the industry. Now is the time for, “Make in India”,” said Hari Om Rai, chairman of Lava International.

The National Commission for Women today launched a project series – ‘Training Programme of Protection Officers in addressing Domestic Violence’ and their specific needs in responding to victims of domestic violence. Union Minister Smriti Irani also attended the inaugural session

SpiceJet plans to raise funds; shares gain over 2 pc

No-frills carrier SpiceJet plans to raise funds through issuance of equity shares or debt instruments and the proposal will be discussed at its board meeting on Wednesday. The proposal comes at a time when the airline industry is grappling with strong headwinds due to the coronavirus pandemic that has also resulted in less occupancy in many flights.

5.3 magnitude earthquake hits Bonin Islands, Japan

An earthquake with a magnitude of 5.3 jolted Bonin Islands, Japan, at 9.12 GMT on Monday, the US Geological Survey (USGS) said. The epicenter, with a depth of 16.16 km, was initially determined to be at 26.817 degrees north latitude and 142.9697 degrees east longitude.

I have written three letters for removal of West Bengal Governor. He is a corrupt man, his name was in the chargesheet of hawala jain case in 1996

– West Bengal CM Mamata Banerjee

Full breakup of economic relief measures announced today

We are assuming that there are people who are willing to travel…the free travel visa scheme will have an effect: Debashis Panda, secretary DFS

These measures to ensure money to come into the hands of small and medium enterprises

– Debasish Panda, secretary, DFS

Finance Minister Nirmala Sitharman’s stimulus package for economy totals Rs 6.29 lakh cr.

Snapshot of schemes announced today

Snapshot of schemes announced today

Govt to streamline process for PPP projects and asset monetisation: FM

The aim is to ensure speedy clearance of projects to facilitate private sector’s efficiencies in financing construction and management of infrastructure: Finance Ministry

Details of Power Distribution Scheme

Details of Power Distribution Scheme

FinMin announces Rs 3.03 lakh cr reform plan to charge up discoms

Govt announces new package to bring broadband to all villages

Govt announces new package to bring broadband to all villages

FM announces extension of production-linked incentives for large-scale electronics manufacturing by one year till 2025-26

Digital India gets Rs 19,041 cr support

Details of new package to boost exports

Details of new package to boost exports

Govt proposes to infuse equity in ECGC over 5 years to boost export insurance cover by Rs 88,000cr

To boost exports, govt announces Rs 33,000 cr package for exports through NEIA

Govt announces Rs 77.45 cr package for NERAMAC

India’s fight against malnutrition & to improve farmers’ income

Free foodgrain to poor till Nov 2021 to take total cost of Pradhan Mantri Gareeb Kalyan Anna Yojana to Rs 2.27 lakh cr: FM

Additional support to increase ICU beds, oxygen supply

Additional support to increase ICU beds, oxygen supply

Govt announces extension in PMGKAY which was launched last year for poor


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VACANCY: Finance Manager – News https://savewesternoh.org/vacancy-finance-manager-news/ https://savewesternoh.org/vacancy-finance-manager-news/#respond Wed, 08 Sep 2021 07:00:00 +0000 https://savewesternoh.org/vacancy-finance-manager-news/ [ad_1] Oldham Athletic is looking for an experienced, proactive and detail oriented CFO. Profession: Head of FinanceSite: Border Park, OldhamReports to: Chief Executive OfficerInternal link: All departmentsExternal link: Suppliers, creditors, debtorsBusiness hours: Full time, 37.5 hours per week.Annual vacation: 20 days of vacation.Salary: Competitive salary according to experience. In this role, the successful candidate will […]]]>


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Oldham Athletic is looking for an experienced, proactive and detail oriented CFO.

Profession: Head of Finance
Site: Border Park, Oldham
Reports to: Chief Executive Officer
Internal link: All departments
External link: Suppliers, creditors, debtors
Business hours: Full time, 37.5 hours per week.
Annual vacation: 20 days of vacation.
Salary: Competitive salary according to experience.

In this role, the successful candidate will lead the day-to-day club finance function, lead financial reporting, develop and implement best practices throughout the club, and work with the board of directors to establish, manage and revise seasonal budgets.

Primary role and responsibilities

  • Management of the club’s financial department.
  • Manage the monthly management reporting.
  • Provide insightful reporting to ensure understanding of results and effective decision making.
  • Manage the annual budget and reforecasting them throughout the year.
  • Complete and fully manage the SCMP and academy reports, respecting the resulting EFL deadlines.
  • Manage monthly payroll processing and RTI submission as well as relevant pension submissions.
  • Produce all statutory reports for the club.
  • Maintain and improve the overall control environment by ensuring effective and efficient day-to-day operational and financial management.
  • Help manage change to improve control of existing systems and general procedures within the finance team.
  • Produce regular, short and long term cash flow forecasts.
  • Support or lead ad hoc projects across the club.

Person specification

  • Ability to work in a team with minimal supervision.
  • Excellent interpersonal and communication skills.
  • Ability to deal with clients and colleagues at all levels.
  • Ability to complete financial projection reports.
  • Knowledge of sales and marketing practices.
  • Innovating with ideas and seeing opportunities.

Skills and experience required

  • Qualified accountant
  • In-depth experience of producing reports in a multi-revenue environment.
  • Focus on controlling between multiple teams, with different expense budgets.
  • Advanced skills in Excel / spreadsheet.
  • Experienced in managing a small team online.
  • Work experience in a sports industry is preferred.

Backup
To ensure compliance with company safeguard policy, a DBS will be a requirement for this role.

How to register
To apply, please provide your CV along with a cover letter stating why you would be the ideal candidate for the position, your previous experience and salary expectations to: Michael.Beech@oldhamathletic.co.uk

The deadline for submitting applications is Monday, September 20, 2021 at 5 p.m.

Since the position is available for immediate start, the club may conduct interviews before the closing date. All interviews will be at the earliest available opportunity.

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