RBI clips wings of IFSCA’s GIFT City banking plans
A potential tiff between regulators, policy restrictions, and likely legal hassles have delayed the proposed launch of foreign currency accounts by a slew of banks.
hnis
February 2021
December 2020
July 2019
December 2018
October 2018
Indian mutual funds set for bumper growth
According to CRISIL Research, the Indian mutual fund industry’s assets under management can touch the ₹50 lakh crore mark by March 2025, and multiple triggers will aid this massive growth.
Budget fine print drags markets down
Indices see biggest single-day fall in four years in first full trading day after the Union Budget was unveiled. The BSE Sensex closed 907 points lower, while NSE’s Nifty50 slipped 207 points.
India to have 500,000 HNIs in the next five years: report
Most of the wealth invested in primary businesses or wealth funds, study finds
India to be 11th wealthiest nation by 2022: BCG
Boston Consulting Group projects India’s personal financial wealth to grow to $5 trillion by 2022.
