Economic Times
India aims to achieve a $30 trillion GDP by 2047, requiring significant growth in the financial services sector, especially banks. A report by BCG, FI
“A large number of people are breaking out of the real poverty trap, so they’re able to start focusing on providing for the future,” Sanlam Chie
US pension funds and endowments with $1.8 trillion in assets are visiting India to explore investment opportunities in healthcare, energy, and other s
SBI Chairman CS Setty highlighted the limited supply of cybersecurity professionals as a significant challenge. Investments in cybersecurity are incre
The Finance Ministry has directed PSU insurance companies to expedite claim settlements for those affected by heavy rains and floods in Andhra Pradesh
Banks face challenges in attracting deposits due to regulatory restrictions, making mutual funds more appealing. Indian Banks’ Association chairman
The microfinance sector is expected to stabilize by the end of the third quarter, with improvements anticipated from the fourth quarter onward due to
Wells Fargo has expanded its talent attraction strategy in India by launching the Transgender Persons Hiring Program. This initiative aims to enhance
India's digital payments industry is booming, with transaction volumes growing by 42% YoY in FY 2023-24. A PwC report projects a threefold increase in
India's National Investment & Infrastructure Fund plans to raise $4 billion in its largest-ever fundraise early next year. The fund, backed by the Ind
IndusInd International Holdings' ₹9,861-crore acquisition of Reliance Capital faces a new hurdle as the company seeks to adjust over ₹1,000 crore
Banks in India are offering higher interest rates on deposits to attract savers, with more than two-thirds of deposits earning 7% or above by June 202
"The issue was discussed at a meeting (last month) with the Advisory Board for Banking and Financial Frauds (ABBFF), and it was decided that it will b
The Competition Commission of India has approved Ontario Teachers Pension Plan Board's acquisition of additional units in Highway Infrastructure Trust
AU Small Finance Bank has applied to the Reserve Bank of India for voluntary transition to a universal bank. This change would ease regulatory norms,
Recently, the net financial savings of households, have almost halved from the levels that existed in 2020-21 because of behavioural shifts underway i
Sumitomo Mitsui Financial Group has taken full control of its non-banking finance company, SMFG India Credit Co, by increasing its stake to 100% after
SBI chairman C S Setty said that despite years of infrastructure lending, banks lack the skills to finance emerging areas like green energy and batter
Bajaj Finserv chairman Sanjiv Bajaj aims to establish Bajaj Housing Finance as a leading mortgage company, akin to HDFC, following HDFC's merger with
Credit card dues have increased the fastest among bank loans, reaching nearly Rs 2.8 lakh crore by July's end, seeing a 22% year-on-year growth. Perso
