The credit card market in India has witnessed significant growth over the past year, with more than 1.10 crore new credit cards issued, according to a report by Indus Equity Advisors.
Mumbai (Maharashtra) [India], December 18: IDFC FIRST Private Banking and Hurun India launched the second edition of 'IDFC FIRST Private & Hurun India's Top 200 Self-made Entrepreneurs of the Millennia 2024', a list of the 200 most valuable companies in India founded after the year 2000.
The net profit of public sector banks has surpassed that of private sector banks by a wide margin on a Year-on-Year basis, highlighted a report by the State Bank of India.
"Nothing stops them from coming and doing business. There are actually a lot of private Banks already in India. Private insurance companies already in India. Private insurance companies which are not Indian, which are already in India," Sitharaman said.
If the Reserve Bank of India goes for a potential 50 basis point (bp) cut in the repo rate, it is expected to negatively impact the net interest margins (NIMs) of large private banks by 15-20 basis points, highlighted a report by Nomura.
The Indian stock markets are on the brink of entering a new phase, marked by potential rate cuts from the U.S. Federal Reserve, highlighted a report by Nuvama.
Mumbai (Maharashtra) [India], July 3: HDFC Capital Advisors Limited has acquired 8.5% in Truboard Technologies Pvt. Ltd. TruBoard has developed a technology platform called TruGenie for real estate asset management which aims to address investors, asset owners as well as the developer needs.
Among the sectoral indices at the National Stock Exchange, Financial Services, IT, Media, and Private Banks opened in green while sectors such as Auto, FMCG, Metal, Pharma and PSU Banks opened in the red.
The Public Sector Banks (PSBs) in India holds a dominant position in the banking sector by accounting for more than 50 per cent of the banking business in terms of market share, branches, and Automated Teller Machines (ATMs), highlights a report by the SBI.
In response, CLSA has made a strategic shift in its India focus portfolio, replacing L&T with HCL Tech, and turning more defensive by favouring private banks, IT, insurance, and commodities.
New Delhi [India], June 1: Leading financial services house IIFL Securities today announced three senior management appointments to bolster its Wealth management platform / equities broking business. IIFL Securities currently manages $23billion worth of AUM (appx INR 1.9 lac crores). It has
Irrespective of who forms government at the Centre, sectors such as FMCG, auto, healthcare, IT services, private banks, and capital goods are expected to perform well, stated brokerage Prabhudas Lilladher in its latest report, 'India Strategy Report - Mandate 2024, Brace of Volatility'.