Banking & Financial Services

Banking Services:

As per the Reserve Bank of India (RBI), India’s banking sector is sufficiently capitalized and well-regulated. Global rating agency Moody’s has upgraded its outlook for the Indian banking system to stable from negative based on its assessment of five drivers including improvement in operating environment and stable asset risk and capital scenario. The Reserve Bank of India (RBI) has granted in-principle licences to 10 applicants to open small finance banks, which will help expanding access to financial services in rural and semi-urban areas.

 

Let’s take a look at some of the industry challenges:

 

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Financial Services:

The asset management industry in India is among the fastest growing in the world. The sector comprises commercial banks, insurance companies, non-banking financial companies, co-operatives, pension funds, mutual funds and other smaller financial entities. The financial services sector has been an important contributor to the country gross domestic product (GDP) accounting for nearly 6 per cent share in 2014-15. The Government and Reserve Bank of India (RBI) have taken various measures to facilitate easy access to finance for Micro, Small and Medium Enterprises (MSMEs). The size of banking assets in India reached US$ 1.46 trillion as on November 13, 2015 and is expected to touch US$ 28.5 trillion by FY25.

 

Let’s take a look at some of the industry challenges:

 

Access Sectorial Report: Please Click Here

Pursullence | Banking & Financial Services
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