Most adult Indians should have access to bank deposits, credit and remittance facilities as well as insurance and mutual fund products in the next decade, and technology will play a big role in this transformation, says Tamal Bandyopadhyay.
The regulator has put a cap on the business a bank can get from a single insurer.
'The fact that housing units worth a whopping Rs 4.5 lakh crore in top seven cities are stuck under various stages of non-completion indicates that there is a dire need to create stress-asset fund which will help bail out lakhs of distressed homebuyers,' says Anuj Puri, Chairman, Anarock Property Consultants, a real estate services company.
Non-resident individuals (NRIs) have also been allowed to apply for the niche banking licence, provided they plan to return to India.
Experts feel select companies in banking, automobiles, financial services & real estate will gain from lower interest rates
Other income stood at about a quarter of PBIDT in the first 9 months of 2013-14
Move to improve transparency but make liquidity more difficult to come by
If borrowers don't have access to a bank's credit facility, it could make sense to use peer-to-peer systems.
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At the retreat, PSBs had suggested the government cut its stake in these entities to less than 51 per cent over a period of time and empower the boards of individual banks.
The one common theme across companies that have rewarded shareholders is consumption.
While office and mall properties enjoyed revival and saw some big PE deals, residential real estate was hit by double whammy - stagnating prices and demonetisation
The economic slowdown has made it difficult for companies to record financial closure of a few awarded projects.
While Indians are increasingly using mobile platforms and technology for various financial transactions and purchases like bill payments, ticket bookings, entertainment, travel and banking transactions, cross border mobile remittance is yet to see the light of the day.
The first was wholesale funded banks and non-bank finance companies.
Even Delhi does not have a full-time registrar of chits.
Budget in the medium term aims to kick-start the investment cycle.
'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
A glance back at some of the important ups and down Indian Inc faced in 2018.
Indian economy about to take-off
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