Ngulminthang Lhanghal - Financial Expert

 India provides one of the biggest opportunities for investing in private credit or situations where borrowers are unable to raise money from usual sources such as the banking system and are under distress, according to experts from global and local institutions who convened to share their thoughts at Indian Private Equity and Venture Capital Association’s (IVCA) tenth conclave which is taking place virtually. “There is a big vacuum in the MSME sector which is unable to raise money easily. Real estate is another sector that doesn’t have access to all available sources of funding such as bond markets. So there is a big opportunity to provide credit here for private players like ourselves”, said Nipun Sahni, Partner, Apollo Global Management, amongst the largest credit investors in the world with $320 billion under management. That thought process was echoed by other experts at the conclave including Dev Santani, Managing Director at Brookfield which manages $600 billion in assets gl...

The world of banking and financial services has changed drastically over the past few years. The rise of technological innovation in banking and fintech sector has changed the way banking software companies have been operating. There has been a rush of cryptocurrencies powered by Blockchain, along with the AI automation that has disrupted the banking and financial space for better. It is not tough to say that we have entered into a new era of high-end banking services with improved security, safety, and trust in online transactions, greater than ever before. There are over 94% of consumers, who want to complete transactions online. This has just ensured the reformed trust in banking software companies for financial product development for feature-rich banking applications. This blog will encompass the futuristic trends in Banking and Financial Services for the year 2020. Let’s have a look: 1. FinTech will drive the new business model For a long time now, new market entrants are finding...

 Greensill began to unravel last Monday when its main insurer stopped providing credit insurance on $4.1 billion of debt in portfolios it had created for clients including Swiss bank Credit Suisse. The court document supporting Greensill’s insolvency application said without that insurance, Greensill was no longer able to sell notes backed by debts to investors, nor fund clients such as GFG in return. “GFG has fallen into severe financial difficulty,” the court filing said. “GFG has started to default on its obligations.” A spokesman for GFG, which is controlled by Indian-British steel magnate Sanjeev Gupta, declined to comment on the default claim in the filing, or the size of Greensill’s exposure to GFG. Last week, GFG said it had adequate current funds and that its businesses were operationally strong. Greensill had about $5 billion of exposure to GFG, the Financial Times reported on Monday, citing Greensill’s lawyers. Trade unions in Britain said they would meet offi...

 DARIEN, Conn., March 08, 2021 (GLOBE NEWSWIRE) -- Old Hill recently provided an $8 million senior secured pre-export credit facility to a company in Latin America with whom it had a previous lending relationship. The company exports specialty agricultural products to top-tier global distributors. Old Hill’s financing allowed this exporter to lever its inventories during the harvesting and processing cycle resulting in working capital for its business. This is the second such facility Old Hill has provided to this exporter and reflects Old Hill’s interest and expertise in trade finance . Security for the facility consists of physical commodities pledged under warehouse receipts, as well assignment of export contracts and receivables. “We worked with this exporter to craft a credit facility that offered attractive advance rates with appropriate risk controls and return. We were able to move quickly to provide a creative but prudent solution to their financing nee...