Why are foreign banks exiting India retail, wealth banking?
The divestments present a major opportunity for Indian private sector banks to acquire customer bases, deposits, and wealth management portfolios quickly.
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RBI chief says room for more interest rate cuts in India, timing up to panel
During a press briefing, Sanjay Malhotra, the Governor of the Reserve Bank of India, hinted at the potential for further cuts in the policy interest rate, backed by promising macroeconomic indicators. While market trends might suggest a pause, economic experts…
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TRAI ‘bans’ over 21 lakh fraud numbers, has ‘important’ advice for phone users
TRAI has disconnected over 21 lakh mobile numbers and one lakh entities for spam and fraud in a year. Citizens reporting through the official TRAI DND App enables permanent disconnection, unlike simple local blocking. Users are urged to report suspicious…
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Non-US markets emerge as new growth engine for marine exports
India’s marine export scene experienced a noteworthy upswing of 16.18%, hitting an impressive USD 4.87 billion from April to October. The increase is driven by robust interactions with key players like China, Vietnam, Russia, Canada, and the UK.
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SBI Ventures plans to launch Rs 2,000 cr climate-focussed fund in Jan-Mar
SBI Ventures plans to launch a Rs 2,000 crore climate-focused fund in early 2025 to invest in early and growth-stage climate startups, particularly in frontier technologies and AI innovations. The fund aims to address India’s significant financing gap for climate…
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Supreme Court issues notice on plea concerning cash donations received by political parties
The Supreme Court is examining a plea against anonymous cash donations to political parties. The current law allows parties to receive undeclared cash gifts under Rs 2,000. This lack of transparency is seen as a threat to fair elections.
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