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Exploring the Growth of the Finance Sector
With a solid foundation and India's trajectory toward becoming a $5 trillion economy, the financial services sector offers immense opportunities for value creation. The fintech ecosystem is experiencing vibrant innovation as well.
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Credits cards in use just short of 100 million
In the calendar year 2023, the country witnessed the inclusion of 16.71 million new credit cards, marking a significant upswing from the 12.24 million added in 2022
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MF Investors pull out Rs 11,140 crore from SIPs in Dec 2023
Media reports suggest that in December, investors made gross purchases of Rs 50,000 crores, while also making gross redemptions of Rs 33,670 crores.
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RBI, Govt working on CBDC for payments abroad
CBDC is being issued in the same denominations as the paper currency and coins and is being distributed through banks
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‘Cashless Everywhere’ to benefit health insurance policyholders
Often policyholders travel long distance to avail cashless facility as nearby hospitals are not covered by their insurer
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Spiritual fervour to generate jobs, tourism interest
Religious fervour could breathe new life into the economy of pilgrimages such as Varanasi, Puri, Mathura, Tirupati, Amritsar, Vaishno Devi and Shirdi
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IBC does not shield promoters from legal proceedings: SC
The apex court bench was hearing a plea of homebuyers of Ansal Crown Heights in Faridabad in the National Capital Region
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What’s ailing HDFC Bank’s interest margin?
While the bank's profit exceeded market expectations, the Net Interest Income (NII), representing the pure interest income figures, disappointed
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Govt allows direct listing of Indian cos on international exchanges of GIFT IFSC
At present, the framework allows unlisted public Indian companies to list their shares on an international exchange
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Crude below $80 a barrel: Pre-poll relief in the works?
The government can afford to bring down retail prices of petrol and diesel that will directly cool inflation as well as immediate relief to the pocket of the average citizen
