Despite the robust current state of India's banking system--characterized by high profitability, strong capital adequacy, and low non-performing assets (NPAs)--the sector faces challenges and opportunities to sustain its growth and support national economic ambitions.
It identifies the legacy core systems as bottlenecks in insurers' efforts to innovate and deliver new products and experiences in a rapidly changing digital landscape. BCG's report highlights the unique opportunity for business and technology teams within insurance companies to collaborate a
For the first time, the total net profit of the banking sector crossed Rs 3 lakh crore in FY24, with all bank groups achieving a return on assets (ROA) greater than 1 per cent.
The study found that 90 per cent of the surveyed UHNIs are eager to amplify their philanthropic efforts. If UHNIs allocate just 5 per cent of their incremental wealth, their annual contributions could surge to Rs 75,000+ crore--an over three-fold increase compared to current levels.
India is well positioned to be a driver of greater wealth, says a global wealth report by Boston Consulting Group (BCG). In 2023, India has generated roughly USD 590 billion in new financial wealth, marking its largest increase in the history. India will add about USD 730 billion annually to
A study by BCG has revealed a striking level of confidence among Indian workers in the application of artificial intelligence (AI) and generative AI (GenAI) in the workplace.
New Delhi [India], May 9 (ANI/NewsVoir): Tiger Logistics, a BSE-listed leading global logistics company has launched its proprietary product 'FreightJar' - a Digital Freight Booking & Management Platform. Aligned with the country's forward movement through Make In India & PM Gati Sha
Bangalore (Karnataka) [India], September 5 (ANI/PRNewswire): Bitget, one of the leading derivatives exchanges, has surpassed FTX and top exchanges including KuCoin, Crypto.com, Huobi Global and more in derivatives trading volume as per data provided on CoinGecko.
Hyderabad (Telangana) [India], Jan 18 (ANI): BJP leader Lanka Dinakaran on Friday slammed the Andhra Pradesh government and alleged it was misusing the name of IIT Chennai to propagate that Amaravati capital project was not viable.
Amaravati (Andhra Pradesh) [India], Jan 4 (ANI): TDP president N Chandrababu Naidu on Saturday questioned Chief Minister YS Jagan Mohan Reddy led YSRCP government for its decision to make the report of Boston Consulting Group (BCG) the basis for the formation of the state capital.
Vijayawada (Andhra Pradesh) [India], Jan 4 (ANI): Andhra Pradesh Planning Department Secretary, Vijay Kumar said that the Boston Consulting Group (BCG) in its report suggested decentralized development of all regions in the state with a balanced and inclusive growth strategy.
Amaravati (Andhra Pradesh) [India], Dec 27 (ANI): Andhra Pradesh government will be constituting a high-power committee to study the GN Rao Committee Report and the Boston Consultancy Group (BCG) Report on the comprehensive development of the State and assured the farmers of the region that