Deposits in Indian banking system to intensify says India Ratings and Research (Fitch Group)

 India Ratings and Research (Ind-Ra) has confidence in the system level credit growth of 12.9% yoy. It continues to outpace deposit growth at 9.3% yoy, thereby intensifying competition for deposits among banks.... Read more »

PE/VC investments jumps by 51% in February 2019 says EY India

As per EY’s Private Equity Monthly Deal Tracker – February 2019, investments worth US$2.6 billion across 61 deals and exits worth US$472 million across 10 deals were recorded. Both investments and exits... Read more »

MSMEs has 14% more job growth than in the last years, claims CII survey

Job creation by the micro, small and medium enterprises (MSMEs) sector saw a growth of 13.9 percent in the past four years, an industry survey claims. The findings oppose official and other... Read more »

Nassom joins hands with Xuzhou city in China to develop an IT corridor.

As part of its continuous efforts to evangelize IT development in newer geographies, the National Association of Software and Services Companies (NASSCOM) has entered into a partnership with Xuzhou city from Jiangsu Province in China... Read more »

E-commerce and consumer internet companies raise over US$7 billion in PE/VC capital in 2018 says EY report.

EY is a global leader in its Assurance, Tax, Transaction and Advisory services. Their insights and the quality services  they deliver help to build trust and confidence in capital markets and in... Read more »

NCPI issues 64 mn RuPay cards, hopes to ensure worldwide visibility

RuPay has been moving towards a dynamic payment system. Launched by the National Payments Corporation of India (NPCI), it has issued over 64 million cards since its inception in 2014. The RuPay... Read more »

RBI relaxes norms for White Label ATMS (WTAs).

The Reserve Bank of India relaxes the business guidelines for white label ATMs allowing them to redirect wholesale cash from the central bank. Automated Teller Machines (ATMs) set up, owned and operated... Read more »

Jan Dhan Accounts: Total deposits to reach the 1 lakh cr mark.

Prime Minister Narendra Modi’s financial inclusion programme will be worth Rs one lakh crore very soon. Pradhan Mantri Jan Dhan Yojana, which was launched in August 2015 by Modi has gained users... Read more »

The Future of Investing is Female, says S&P Global

While it’s been around for more than 40 years, the rallying cry “The Future Is Female” is breathing new life into  gender-equality movements around the world, as women gain greater political power,... Read more »

Reliance Capital to reduce debt, monetise stakes

Reliance Capital Limited, a part of Reliance Group, today announced its overall strategy to reduce its debt by approx. Rs. 10,000 – 12,000 crore in the next 3-4 months. This substantial 50... Read more »